|
Report No. : |
346974 |
|
Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAZZETTI RENATO S.R.L |
|
|
|
|
Registered Office : |
Via Monte Grappa, 9 20067- Tribiano (MI) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
27.10.2010 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of machinery for the food, beverage and tobacco
industries |
|
|
|
|
No. of Employees : |
From 36 to 50 |
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 |
|
Maximum Credit Limits : |
50.000 Eur. |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
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 |
|
Mazzetti Renato S.r.l. |
|
Via Monte Grappa, 9 |
|
20067- Tribiano (MI) -IT- |
|
Fiscal Code |
: |
07194020967 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/01/2011 |
|
Equity |
: |
2.500.000 |
|
Turnover Range |
: |
6.500.000/7.750.000 |
|
Number of Employees |
: |
from 36 to 50 |
|
Credit Opinion |
: |
50.000 - |
Manufacture of machinery for the food, beverage and tobacco
industries
Legal Form : Limited liability company
|
Fiscal Code : 07194020967 |
|
Chamber of Commerce no. : 1942711 of Milano since 04/11/2010 |
|
V.A.T. Code : 07194020967 |
|
Establishment date |
: 27/10/2010 |
|
|
Start of Activities |
: 01/01/2011 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 1.000.000 |
|
|
Subscribed Capital |
: 1.000.000 |
|
|
Paid up Capital |
: 1.000.000 |
|
Legal mail : |
MAZZETTIRENATO@LAMIAPEC.IT |
|
Mazzetti Renato S.a.s. |
|
Residence: |
Montegrappa |
, 0009 |
- 20067 |
Tribiano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
Prejudicial events registered |
Mortgage by Court Injunction - 26/04/2010. -
400.000 Euro.
|
UNICREDIT BANCA D IMPRESA S. P. A. |
|
No Protests registered |
|
Mazzetti |
Fabio |
|
Born in Milano |
(MI) |
on 12/09/1964 |
- Fiscal Code : MZZFBA64P12F205S |
|
Residence: |
Xxv Aprile |
, 6 |
- 20067 |
Tribiano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2014 |
||
|
Managing Director |
30/04/2014 |
|
Prejudicial events registered |
Mortgage by Court Injunction - 26/04/2010. -
400.000 Euro.
|
UNICREDIT BANCA D IMPRESA S. P. A. |
|
No Protests registered |
|
Mazzetti |
Walter |
|
Born in Milano |
(MI) |
on 05/10/1968 |
- Fiscal Code : MZZWTR68R05F205E |
|
Residence: |
Piave |
, 11 |
- 20067 |
Tribiano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2014 |
||
|
Managing Director |
30/04/2014 |
|
Prejudicial events registered |
Mortgage by Court Injunction - 26/04/2010. -
400.000 Euro.
|
UNICREDIT BANCA D IMPRESA S. P. A. |
|
No Protests registered |
|
Fortunati |
Augusta |
|
Born in Milano |
(MI) |
on 31/03/1938 |
- Fiscal Code : FRTGST38C71F205B |
|
Residence: |
Piave |
, 11 |
- 20067 |
Tribiano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
30/04/2014 |
||
|
Director |
30/04/2014 |
|
No Prejudicial events are reported |
|
No Protests registered |
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or
have holded positions.
|
Mazzetti |
Fabio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Mazzetti Renato S.a.s. |
Tribiano (MI) - IT - |
08711480155 |
Director |
Withdrawn |
Registered |
|
Mazzetti Renato S.a.s. |
Tribiano (MI) - IT - |
08711480155 |
Limited Partner |
Withdrawn |
Registered |
|
Mazzetti |
Walter |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Mazzetti Renato S.a.s. |
Tribiano (MI) - IT - |
08711480155 |
Director |
Withdrawn |
Registered |
|
Mazzetti Renato S.a.s. |
Tribiano (MI) - IT - |
08711480155 |
Limited Partner |
Withdrawn |
Registered |
|
Fortunati |
Augusta |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Ma.re. S.s. |
Tribiano (MI) - IT - |
92509450158 |
Partner |
Active |
Registered |
The indication "REGISTERED" as Firm Status could refer
to Firms in Liquidation, Active, Inactive
For more information, in this case, we advise to request further
investigations.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Mazzetti Renato S.a.s. |
Tribiano - IT - |
08711480155 |
990.000 .Eur |
99,00 |
|
Mazzetti Renato |
Tribiano - IT - |
MZZRNT39L26F205A |
10.000 .Eur |
1,00 |
The Company under review has no participations in other Companies.
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Monte Grappa |
, 9 |
- 20067 |
- Tribiano |
(MI) |
- IT - |
|
Legal mail |
: MAZZETTIRENATO@LAMIAPEC.IT |
|
Employees |
: 44 |
|
Fittings and Equipment for a value of 450.000 |
Eur |
|
Stocks for a value of 620.000 |
Eur |
--
Protests checking on the subject firm has given a negative result.
Search performed on a National Scale
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest received edition of the
Official Publications.
Company's starting of activities dates back to some years ago
(2011).
The economic-financial analysis has been made on the base of the
b/s of the latests three years.
Under an economic point of view, profits were registered during
the last years with a r.o.e. of 5,37% in 2014
The return on Investment in the last financial year was positive
(5,8%) falling within the field's average.
The amount of the operating result is equal to Eur. 250.331
showing a downwards trend equal to -72,01% if compared to the value of the
financial year 2013.
The G.O.M. amounted to Eur. 458.790 , with a -59,86% decrease.
Very good financial situation: shareholder's equity covers
short-terms debts with an indebtedness level equal to 0,44 which is yet rising
if compared to 2013.
The equity capital is equal to Eur. 2.199.749 , stable in
comparison with the value of the previous year.
Total indebtedness totalled Eur. 1.587.026, , decreasing if
compared to 2013 (-48,28%).
The company does not exceed in bank borrowings; the recourse to
suppliers' credit is also limited which is also lower than the sector average.
The liquidity level is positive (2,04).
On average trade credits are collected in 69,33 days. , shorter
than the sector's average.
Eur. 326.476 is the value of cash flow during the year 2014
Labour cost expenses amount to Eur. 1.420.608 , representing
21,51% on the total of production costs. , whereas the incidence on sales
revenues is of 19,23%.
The financial management is positive as incomes are higher than
the charges.
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.387.782 |
|
Profit (Loss) for the period |
118.017 |
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
11.640.373 |
|
Profit (Loss) for the period |
519.266 |
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.634.584 |
|
Profit (Loss) for the period |
342.864 |
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.204.965 |
|
Profit (Loss) for the period |
-26.899 |
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Profit (Loss) for the period |
-494 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,24 |
0,19 |
0,10 |
0,18 |
|
Elasticity Ratio |
Units |
0,75 |
0,81 |
0,90 |
0,80 |
|
Availability of stock |
Units |
0,14 |
0,24 |
0,29 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,61 |
0,56 |
0,62 |
0,48 |
|
Quick Ratio |
Units |
0,14 |
0,32 |
0,03 |
0,03 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,44 |
0,43 |
2,52 |
3,25 |
|
Self Financing Ratio |
Units |
0,51 |
0,41 |
0,27 |
0,19 |
|
Capital protection Ratio |
Units |
0,49 |
0,40 |
0,34 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,21 |
0,11 |
0,01 |
0,19 |
|
Financing |
Units |
0,72 |
1,21 |
2,63 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,59 |
0,47 |
0,28 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,08 |
0,06 |
0,01 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,27 |
0,63 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
2,40 |
2,50 |
2,95 |
1,75 |
|
Current ratio |
Units |
2,04 |
1,63 |
1,27 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,65 |
1,13 |
0,87 |
0,81 |
|
Structure's primary quotient |
Units |
2,08 |
2,20 |
2,84 |
1,03 |
|
Treasury's primary quotient |
Units |
0,38 |
0,64 |
0,04 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
196,31 |
243,27 |
370,28 |
516,42 |
|
Current Capital ( net ) |
Value |
1.647.657 |
1.921.164 |
1.436.848 |
422.465 |
|
RETURN |
|||||
|
Return on Sales |
% |
4,42 |
6,60 |
5,21 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
5,37 |
20,43 |
16,95 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
11,40 |
33,61 |
26,64 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
5,80 |
14,47 |
7,52 |
4,16 |
|
Return/ Sales |
% |
3,39 |
7,68 |
7,38 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
47,14 |
58,05 |
60,88 |
28,57 |
|
Cash Flow |
Value |
326.476 |
767.886 |
397.646 |
122.482 |
|
Operating Profit |
Value |
250.331 |
894.470 |
563.199 |
144.752 |
|
Gross Operating Margin |
Value |
458.790 |
1.143.090 |
617.981 |
241.990 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
69,33 |
31,05 |
141,60 |
111,85 |
|
Debts to suppliers average term |
Days |
83,29 |
100,82 |
190,97 |
128,30 |
|
Average stock waiting period |
Days |
30,20 |
46,67 |
100,83 |
80,43 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,71 |
1,88 |
1,02 |
1,08 |
|
Rate of stock return |
Units |
11,92 |
7,71 |
3,57 |
4,45 |
|
Labour cost incidence |
% |
19,23 |
8,22 |
6,12 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
0,01 |
-0,35 |
-0,32 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
21,51 |
9,21 |
6,58 |
19,02 |
|
Short-term financing charges |
% |
0,21 |
1,67 |
0,47 |
2,68 |
|
Capital on hand |
% |
58,45 |
53,12 |
98,09 |
91,91 |
|
Sales pro employee |
Value |
167.904 |
401.392 |
545.327 |
198.432 |
|
Labour cost pro employee |
Value |
32.286 |
33.001 |
33.401 |
35.779 |
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.
|
Population living in the province |
: |
3.839.216 |
|
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 |
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.
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 50.886 protested subjects are found; in the province
they count to 24.765.
The insolvency index for the region is 0,55, , while for the
province it is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.96 |
|
UK Pound |
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.71.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
TRU |
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.