MIRA INFORM REPORT
|
Report No. : |
339928 |
|
Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
MDKD S.R.L. |
|
|
|
|
Registered Office : |
Via Roma, 62 633815 – Monte San Pietrangeli (FM) – IT |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
25.01.2012 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Repair of footwear and luggage |
|
|
|
|
No. of Employees : |
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 : |
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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
|
Mdkd S.r.l. |
|
Via |
Roma, |
62 |
|
63815 |
- Monte San Pietrangeli |
(FM) |
-IT- |
Summary
|
Fiscal Code |
: |
02118030440 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
25/01/2012 |
|
Equity |
: |
25.000 |
|
Turnover Range |
: |
75.000/100.000 |
|
Number of Employees |
: |
from 1 to 5 |
Activity
Repair of footwear and luggage
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 02118030440 |
|
Chamber of Commerce no. : 195343 of Fermo
since 31/01/2012 |
|
V.A.T. Code : 02118030440 |
|
Establishment date |
: 25/01/2012 |
|
|
Start of Activities |
: 25/01/2012 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 10.000 |
|
|
Subscribed Capital |
: 10.000 |
|
|
Paid up Capital |
: 10.000 |
|
Legal mail : |
MDKD@PEC.IT |
Members
|
|
Martinelli |
Manuel |
|
|
Born in Sant'Elpidio a Mare |
(AP) |
on 17/01/1976 |
- Fiscal Code : MRTMNL76A17I324E |
|
|
Residence: |
Roma |
, 62 |
- 63815 |
Monte San Pietrangeli |
(FM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
25/01/2012 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Cappanera
Stefano |
|
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.
|
|
Martinelli |
Manuel |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
SUOLTAK DI LEANDRO MARTINELLI eamp; C.
S.N.C. |
Monte San Pietrangeli (AP) - IT - |
00372190447 |
Partner |
Withdrawn |
Registered |
|
SUOLTAK DI LEANDRO MARTINELLI eamp; C.
S.N.C. |
Monte San Pietrangeli (AP) - IT - |
00372190447 |
Silent Partner |
Withdrawn |
Registered |
|
APOCALISSE TRANCERIA DI MANUEL MARTINELLI |
Monte San Pietrangeli (AP) - IT - |
MRTMNL76A17I324E |
Proprietor |
Withdrawn |
Registered |
|
Manuel Martinelli |
Monte San Pietrangeli (FM) - IT - |
MRTMNL76A17I324E |
Proprietor |
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 |
|
Martinelli Manuel |
Monte San Pietrangeli - IT - |
MRTMNL76A17I324E |
3.433 .Eur |
34,33 |
|
Martinelli Enrico |
MRTNRC02T24A271I |
555 .Eur |
5,55 |
|
|
Martinelli Vittoria |
MRTVTR06B51A271V |
555 .Eur |
5,55 |
|
|
Martinelli Emma |
MRTMME08L69A271F |
555 .Eur |
5,55 |
|
|
Cappanera Stefano |
CPPSFN61H10L117B |
2.500 .Eur |
25,00 |
|
|
Damen Lorella |
DMNLLL64R46D542G |
2.400 .Eur |
24,00 |
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 |
|
Roma |
, 62 |
- 63010 |
- Monte San Pietrangeli |
(FM) |
- IT - |
|
Legal mail |
: MDKD@PEC.IT |
|
Assistants |
: 1 |
|
Stocks for a value of 2.000 |
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 some years ago (2012).
Balance sheets for the years 2012, 2013 and
2014 were analyzed.
In the economic management , good and bad
results followed on by turns. yet with a positive result in the 2014 (r.o.e.
10,11%). In the last financial year an increase in the turnover has been
registered (+82,44%).
The operating result was positive in the
last financial year (9,35%) and reflects the field's average.
An operating result of Eur. 3.656 has been
registered. rising (+more then 100%) in relation to the previous year.
The gross operating margin of the latest
financial year is of Eur. 10.973 showing an upward trend if compared to 2013.
The financial status of the company is
fairly balanced with an indebtedness level of 1,53 and decreasing as against
2013.
Subject can manage an equity capital funds
for an amount of Eur. 15.158 , increasing by 163,34% if compared to the
financial year 2013.
Current liquid assets is positive.
The financial management generated a cash
flow of Eur. 8.849.
Financial charges have a high incidence
(-2,17%) on turnover figures.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
85.217 |
|
Profit (Loss) for the period |
1.532 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
46.709 |
|
Profit (Loss) for the period |
-15.740 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
70.935 |
|
Profit (Loss) for the period |
2.992 |
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
|
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 |
0,17 |
0,30 |
0,23 |
0,18 |
|
Elasticity Ratio |
Units |
0,82 |
0,70 |
0,73 |
0,74 |
|
Availability of stock |
Units |
0,05 |
0,02 |
0,01 |
0,18 |
|
Total Liquidity Ratio |
Units |
0,77 |
0,68 |
0,73 |
0,55 |
|
Quick Ratio |
Units |
0,04 |
0,06 |
0,01 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,53 |
3,72 |
3,44 |
2,68 |
|
Self Financing Ratio |
Units |
0,39 |
0,15 |
0,23 |
0,14 |
|
Capital protection Ratio |
Units |
0,24 |
2,00 |
0,00 |
0,54 |
|
Liabilities consolidation quotient |
Units |
n.c. |
0,33 |
n.c. |
0,20 |
|
Financing |
Units |
1,58 |
5,49 |
3,38 |
5,42 |
|
Permanent Indebtedness Ratio |
Units |
0,37 |
0,36 |
0,20 |
0,38 |
|
M/L term Debts Ratio |
Units |
n.c. |
0,21 |
n.c. |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,57 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
2,13 |
1,23 |
0,88 |
1,62 |
|
Current ratio |
Units |
1,29 |
1,10 |
0,92 |
1,15 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,22 |
1,07 |
0,91 |
0,87 |
|
Structure's primary quotient |
Units |
2,25 |
0,52 |
0,99 |
0,77 |
|
Treasury's primary quotient |
Units |
0,06 |
0,10 |
0,02 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
257,96 |
649,72 |
438,03 |
713,34 |
|
Current Capital ( net ) |
Value |
7.246 |
2.466 |
-3.621 |
58.190 |
|
RETURN |
|||||
|
Return on Sales |
% |
10,38 |
-22,68 |
7,35 |
3,48 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
10,11 |
-273,45 |
23,03 |
9,89 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
11,94 |
-273,45 |
36,43 |
29,47 |
|
Return on Investment ( R.O.I. ) |
% |
9,35 |
-39,94 |
8,42 |
5,71 |
|
Return/ Sales |
% |
4,29 |
-31,98 |
6,75 |
5,55 |
|
Extra Management revenues/charges incid. |
% |
41,90 |
n.c. |
62,48 |
22,11 |
|
Cash Flow |
Value |
8.849 |
-10.595 |
5.212 |
30.669 |
|
Operating Profit |
Value |
3.656 |
-14.937 |
4.789 |
47.586 |
|
Gross Operating Margin |
Value |
10.973 |
-9.792 |
7.009 |
69.095 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
47,05 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
115,92 |
|
Average stock waiting period |
Days |
7,59 |
5,78 |
2,54 |
55,06 |
|
Rate of capital employed return ( Turnover
) |
Units |
2,18 |
1,25 |
1,25 |
1,37 |
|
Rate of stock return |
Units |
47,45 |
62,28 |
141,87 |
6,54 |
|
Labour cost incidence |
% |
n.c. |
n.c. |
n.c. |
17,14 |
|
Net financial revenues/ charges incidence |
% |
-2,17 |
-1,96 |
-0,08 |
-1,51 |
|
Labour cost on purchasing expenses |
% |
n.c. |
n.c. |
n.c. |
17,77 |
|
Short-term financing charges |
% |
7,71 |
2,90 |
0,15 |
2,96 |
|
Capital on hand |
% |
45,88 |
80,07 |
80,23 |
72,92 |
|
Sales pro employee |
Value |
190.857 |
|||
|
Labour cost pro employee |
Value |
29.383 |
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 |
: |
1.518.780 |
|
Population living in the region |
: |
0 |
|
Number of families in the region |
: |
0 |
Monthly family expences average in the region
(in .) :
|
- per food products |
: |
0 |
|
- per non food products |
: |
0 |
|
- per energy consume |
: |
0 |
Sector
Data
The values are calculated on a base of 93
significant companies.
The companies cash their credits on an
average of 47 dd.
The average duration of suppliers debts is
about 116 dd.
The sector's profitability is on an average
of 3,48%.
The labour cost affects the turnover in the
measure of 17,14%.
Goods are held in stock in a range of 55 dd.
The difference between the sales volume and
the resources used to realize it is about 1,37.
The employees costs represent the 17,77% of
the production costs.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 66.60 |
|
|
1 |
Rs. 102.30 |
|
Euro |
1 |
Rs. 74.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
DPT |
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.