MIRA INFORM REPORT
|
Report No. : |
339418 |
|
Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ITALIANA
PRODOTTI MINERALI TRADING S.R.L |
|
|
|
|
Registered Office : |
Piazza Santa Maria In Via Lata, 11/1B 16128 - Genova (GE) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
17.10.2006 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Wholesale of metalliferous minerals, ferrous
metals and semi-finished products |
|
|
|
|
No. of Employee : |
from 1 to 5 |
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
ITALIANA PRODOTTI
MINERALI TRADING S.R.L .
Piazza Santa Maria In Via Lata, 11/1B
16128 - Genova (GE) -IT-
Summary
|
Fiscal Code |
: |
01661620995 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
17/10/2006 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
18.000.000/20.000.000 |
|
Number of Employees |
: |
from 1 to 5 |
Activity
Wholesale of metalliferous minerals, ferrous
metals and semi-finished products
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 01661620995 |
|
Chamber of Commerce no. : 426166 of Genova
since 02/08/2006 |
|
V.A.T. Code : 01661620995 |
|
Establishment date |
: 17/07/2006 |
|
|
Start of Activities |
: 17/10/2006 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 100.000 |
|
|
Subscribed Capital |
: 100.000 |
|
Legal mail : |
IPMTRADING@PEC.IPROMIN.IT |
Members
|
|
"italiana
Prodotti Minerali I.p.m. Socie |
Ta' A
Responsabilita' Limitata" |
|
|
Residence: |
Santa Maria In Via Lata |
, 11/1 |
- 16128 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Po |
Luca |
|
|
Born in Rapallo |
(GE) |
on 31/10/1964 |
- Fiscal Code : POXLCU64R31H183A |
|
|
Residence: |
, 27 |
- 16031 |
Bogliasco |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/12/2014 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Banchieri |
Riccardo |
|
|
Born in Genova |
(GE) |
on 25/03/1960 |
- Fiscal Code : BNCRCR60C25D969N |
|
|
Residence: |
Guerrazzi Francesco Domenico |
, 20/1 |
- 16146 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/12/2014 |
|
|
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.
|
|
Po |
Luca |
|
Firm's
Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
"italiana Prodotti Minerali I.p.m.
SocieTa' A Responsabilita' Limitata" |
Genova (GE) - IT - |
00305240103 |
Managing
Director |
Active |
Registered |
|
"italiana Prodotti Minerali I.p.m.
SocieTa' A Responsabilita' Limitata" |
Genova (GE) - IT - |
00305240103 |
Director |
Active |
Registered |
|
"italiana Prodotti Minerali I.p.m.
SocieTa' A Responsabilita' Limitata" |
Genova (GE) - IT - |
00305240103 |
General Director |
Active |
Registered |
|
|
Banchieri |
Riccardo |
|
Firm's
Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
"italiana Prodotti Minerali I.p.m.
SocieTa' A Responsabilita' Limitata" |
Genova (GE) - IT - |
00305240103 |
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 |
|
"italiana Prodotti Minerali I.p.m.
Socie Ta' A Responsabilita' Limitata" |
Genova - IT - |
00305240103 |
92.000 .Eur |
92,00 |
|
Po Luca |
Bogliasco - IT - |
POXLCU64R31H183A |
4.000 .Eur |
4,00 |
|
Banchieri Riccardo |
Genova - IT - |
BNCRCR60C25D969N |
4.000 .Eur |
4,00 |
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 |
|
Santa Maria In Via Lata |
, 11/1B |
- 16100 |
- Genova |
(GE) |
- IT - |
|
PHONE |
: 010564654 |
|
Legal mail |
: IPMTRADING@PEC.IPROMIN.IT |
|
Employees |
: 2 |
|
Stocks for a value of 1.040.000 |
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 2006.
The analysis is based on the latest 3
balance sheets.
During the last years, it achieved profits
(r.o.e. 4,87% on 2014) and with an upward trend in turnover trend during the
last financial year (+15,13% in 2014).
The operating result in 2014 was positive
(3,14%) and in line with the sector's average.
The amount of the operating result for the
year 2014 is of Eur. 183.505 showing a downwards trend equal to -31,28% if
compared to the value of the financial year 2013.
The gross operating margin of the latest
financial year is of Eur. 187.777 recording a -29,68% decrease.
Equity is good since liquid assets exceed
short term debts.
It's shareholders funds amount to Eur.
3.966.805 on the same levels as the year before.
Total indebtedness totalled Eur. 1.858.944,
, with a fall of -48,86%.
Bank and suppliers credit recourse is
limited, 32,48 gg. is payment average period which is also lower than the sector
average.
The management determines a good range of
liquidity.
On average trade credits are collected in
29,18 days. , lower than the sector's average.
As far as the cash flow is concerned during
the latest financial year it amounted to Eur. 197.400
Labour cost expenses amount to Eur. 107.488
, representing 0,55% on the total of production costs. , with a 0,55% incidence
on turnover.
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 |
19.496.111 |
|
Profit (Loss) for the period |
193.128 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
16.933.725 |
|
Profit (Loss) for the period |
103.079 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
23.802.123 |
|
Profit (Loss) for the period |
255.246 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
33.476.526 |
|
Profit (Loss) for the period |
465.018 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
25.819.797 |
|
Profit (Loss) for the period |
383.740 |
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 |
n.c. |
n.c. |
n.c. |
0,11 |
|
Elasticity Ratio |
Units |
1,00 |
1,00 |
1,00 |
0,87 |
|
Availability of stock |
Units |
0,18 |
0,38 |
0,43 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,82 |
0,62 |
0,57 |
0,56 |
|
Quick Ratio |
Units |
0,49 |
0,20 |
0,20 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
n.c. |
0,76 |
0,86 |
3,81 |
|
Self Financing Ratio |
Units |
0,68 |
0,51 |
0,47 |
0,17 |
|
Capital protection Ratio |
Units |
0,93 |
0,95 |
0,91 |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,01 |
0,00 |
0,12 |
|
Financing |
Units |
0,47 |
0,96 |
1,08 |
4,72 |
|
Permanent Indebtedness Ratio |
Units |
0,68 |
0,51 |
0,48 |
0,30 |
|
M/L term Debts Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,28 |
0,00 |
1,28 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
n.c. |
n.c. |
n.c. |
2,06 |
|
Current ratio |
Units |
3,15 |
2,05 |
1,94 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
2,59 |
1,26 |
1,11 |
0,84 |
|
Structure's primary quotient |
Units |
n.c. |
n.c. |
n.c. |
1,28 |
|
Treasury's primary quotient |
Units |
1,54 |
0,40 |
0,38 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
147,55 |
197,23 |
210,74 |
591,61 |
|
Current Capital ( net ) |
Value |
3.991.279 |
3.804.434 |
3.851.690 |
219.071 |
|
RETURN |
|||||
|
Return on Sales |
% |
1,01 |
0,61 |
1,07 |
2,22 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
4,87 |
2,73 |
6,77 |
6,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
6,73 |
4,16 |
10,23 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
3,14 |
3,59 |
7,53 |
4,19 |
|
Return/ Sales |
% |
0,94 |
1,58 |
2,51 |
3,42 |
|
Extra Management revenues/charges incid. |
% |
105,24 |
38,60 |
42,66 |
29,26 |
|
Cash Flow |
Value |
197.400 |
103.079 |
255.246 |
61.669 |
|
Operating Profit |
Value |
183.505 |
267.048 |
598.313 |
95.558 |
|
Gross Operating Margin |
Value |
187.777 |
267.048 |
598.313 |
144.934 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
29,18 |
52,03 |
37,55 |
120,94 |
|
Debts to suppliers average term |
Days |
32,48 |
39,08 |
57,23 |
120,04 |
|
Average stock waiting period |
Days |
19,22 |
60,42 |
51,34 |
61,92 |
|
Rate of capital employed return ( Turnover
) |
Units |
3,33 |
2,28 |
3,00 |
1,27 |
|
Rate of stock return |
Units |
18,73 |
5,96 |
7,01 |
5,74 |
|
Labour cost incidence |
% |
0,55 |
0,61 |
0,42 |
7,77 |
|
Net financial revenues/ charges incidence |
% |
0,35 |
-0,76 |
-0,89 |
-1,26 |
|
Labour cost on purchasing expenses |
% |
0,55 |
0,62 |
0,43 |
7,90 |
|
Short-term financing charges |
% |
n.c. |
5,00 |
6,11 |
2,67 |
|
Capital on hand |
% |
30,02 |
43,95 |
33,38 |
78,39 |
|
Sales pro employee |
Value |
6.498.703 |
5.644.575 |
7.934.041 |
437.713 |
|
Labour cost pro employee |
Value |
35.829 |
34.672 |
33.548 |
33.928 |
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 6.137
significant companies.
The companies cash their credits on an
average of 121 dd.
The average duration of suppliers debts is
about 120 dd.
The sector's profitability is on an average
of 2,22%.
The labour cost affects the turnover in the
measure of 7,77%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and
the resources used to realize it is about 1,27.
The employees costs represent the 7,90% 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 7.546 protested subjects are
found; in the province they count to 4.210.
The insolvency index for the region is 0,48,
, while for the province it is 0,48.
Total Bankrupt companies in the province :
3.970.
Total Bankrupt companies in the region :
7.305.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.74 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SDA |
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.