MIRA INFORM REPORT
|
Report No. : |
341383 |
|
Report Date : |
19.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ICC S.R.L. |
|
|
|
|
Registered Office : |
Via Ludwig Van Beethoven, 20 26817 - San Martino in Strada (LO)
-IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
20.07.2007 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of perfumes and cosmetics |
|
|
|
|
No. of Employees : |
From 51 to 70 |
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
|
Icc S.r.l. |
|
Via Ludwig Van Beethoven, 20 |
|
26817 - San Martino in Strada (LO) -IT- |
Summary
|
Fiscal Code |
: |
03418370163 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
02/11/2007 |
|
Equity |
: |
300.000 |
|
Turnover Range |
: |
7.750.000/9.000.000 |
|
Number of Employees |
: |
from 51 to 70 |
Activity
Manufacture of perfumes and cosmetics
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 03418370163 |
|
Foreign Trade Reg. no. : LO651470 since 13/01/2014 |
|
Chamber of Commerce no. : 376828 of Bergamo |
|
Chamber of Commerce no. : 1462021 of Lodi since 12/12/2013 |
|
Establishment date |
: 20/07/2007 |
|
|
Start of Activities |
: 02/11/2007 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 60.000 |
|
|
Subscribed Capital |
: 60.000 |
|
|
Paid up Capital |
: 60.000 |
|
Legal mail : |
ADMIN@PEC.ICC-ITALY.COM |
Members
|
Ravera Dania Maria |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
Ravera Elettra |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
Ravera Martina |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
Bellavita |
Fabio |
|
|
Born in Lodi |
(MI) |
on 17/11/1974 |
- Fiscal Code : BLLFBA74S17E648J |
|
|
Residence: |
Carlo Brodolini |
, 5 |
- 20067 |
Paullo |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
20/07/2007 |
|
|
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.
|
Bellavita |
Fabio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Technicolor S.r.l. In Liquidazione |
Gorlago (BG) - IT - |
03672250168 |
Liquidator |
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.
Capital
Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Ravera Dania Maria |
RVRDMR79A62E648Z |
18.000 .Eur |
30,00 |
|
|
Ravera Elettra |
RVRLTR85P55E648K |
18.000 .Eur |
30,00 |
|
|
Ravera Martina |
RVRMTN88R47I274F |
18.000 .Eur |
30,00 |
|
|
Bellavita Fabio |
Paullo - IT - |
BLLFBA74S17E648J |
6.000 .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 |
|
Ludwig Van Beethoven |
, 20 |
- 20070 |
- San Martino in Strada |
(LO) |
- IT - |
|
Legal mail |
: ADMIN@PEC.ICC-ITALY.COM |
|
Employees |
: 51 |
|
Stocks for a value of 1.030.000 |
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 2007
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 27,47% in 2013 with a good increase in turnover
(+34,94% in 2013 compared to 2012 and +19,58% in 2012 compared to 2011).
The operating result in 2013 was positive (13,53%) falling within
the field's average.
The operating result is positive and amounts to Eur. 328.962
increasing if compared to the yeart 2012.
A gross operating margine for a value of Eur. 643.133 was reached.
growing by 34,98% if compared to the year before.
Excellent equity structure since liquidity is higher than short
term liabilities.
The management generated equity capital for an amount of Eur.
286.169 , with an upward trend.
2013 financial year closed with a cash flow of Eur. 392.783
During 2013 financial year labour costs amounted to Eur.
1.377.406, with a 18,54% incidence on production costs. , whereas 17,73% is the
incidence on sales revenues.
If compared to the sales volume (-1,46%), 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 |
7.766.793 |
|
Profit (Loss) for the period |
78.612 |
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.755.705 |
|
Profit (Loss) for the period |
9.188 |
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.812.883 |
|
Profit (Loss) for the period |
17.750 |
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
899.688 |
|
Profit (Loss) for the period |
14.558 |
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
|
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 |
0,54 |
0,28 |
0,21 |
0,24 |
|
Elasticity Ratio |
Units |
0,43 |
0,70 |
0,77 |
0,73 |
|
Availability of stock |
Units |
0,42 |
0,35 |
0,33 |
0,18 |
|
Total Liquidity Ratio |
Units |
0,00 |
0,35 |
0,44 |
0,50 |
|
Quick Ratio |
Units |
0,00 |
0,01 |
0,02 |
0,03 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
n.c. |
27,11 |
19,68 |
1,95 |
|
Self Financing Ratio |
Units |
0,12 |
0,03 |
0,04 |
0,26 |
|
Capital protection Ratio |
Units |
0,24 |
0,48 |
0,42 |
0,67 |
|
Liabilities consolidation quotient |
Units |
n.c. |
0,06 |
0,04 |
0,17 |
|
Financing |
Units |
n.c. |
28,28 |
20,75 |
2,49 |
|
Permanent Indebtedness Ratio |
Units |
0,17 |
0,08 |
0,08 |
0,41 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,05 |
0,04 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
n.c. |
n.c. |
0,66 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
0,31 |
0,30 |
0,41 |
1,44 |
|
Current ratio |
Units |
n.c. |
0,77 |
0,85 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
n.c. |
0,39 |
0,49 |
0,90 |
|
Structure's primary quotient |
Units |
0,22 |
0,12 |
0,22 |
0,95 |
|
Treasury's primary quotient |
Units |
n.c. |
0,01 |
0,03 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
849,50 |
3023,66 |
2224,82 |
377,91 |
|
Current Capital ( net ) |
Value |
1.035.078 |
-837.919 |
-412.773 |
409.215 |
|
RETURN |
|||||
|
Return on Sales |
% |
5,06 |
4,34 |
3,10 |
4,14 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
27,47 |
6,88 |
13,32 |
3,93 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
69,71 |
80,11 |
76,08 |
13,87 |
|
Return on Investment ( R.O.I. ) |
% |
13,53 |
5,84 |
5,44 |
4,03 |
|
Return/ Sales |
% |
4,24 |
4,10 |
3,35 |
4,09 |
|
Extra Management revenues/charges incid. |
% |
23,90 |
3,90 |
11,00 |
31,19 |
|
Cash Flow |
Value |
392.783 |
249.914 |
149.290 |
164.045 |
|
Operating Profit |
Value |
328.962 |
235.729 |
161.361 |
170.300 |
|
Gross Operating Margin |
Value |
643.133 |
476.455 |
292.901 |
298.981 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
118,71 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
121,82 |
|
Average stock waiting period |
Days |
47,77 |
87,46 |
72,72 |
57,70 |
|
Rate of capital employed return ( Turnover ) |
Units |
3,19 |
1,43 |
1,62 |
1,11 |
|
Rate of stock return |
Units |
7,54 |
4,12 |
4,95 |
6,23 |
|
Labour cost incidence |
% |
17,73 |
25,29 |
22,86 |
13,12 |
|
Net financial revenues/ charges incidence |
% |
-1,46 |
-2,26 |
-1,25 |
-1,46 |
|
Labour cost on purchasing expenses |
% |
18,54 |
25,34 |
21,77 |
14,24 |
|
Short-term financing charges |
% |
n.c. |
3,48 |
2,17 |
2,91 |
|
Capital on hand |
% |
31,30 |
70,15 |
61,58 |
89,74 |
|
Sales pro employee |
Value |
180.623 |
127.904 |
141.555 |
251.771 |
|
Labour cost pro employee |
Value |
32.032 |
32.352 |
32.355 |
33.858 |
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 400 significant companies.
The companies cash their credits on an average of 119 dd.
The average duration of suppliers debts is about 122 dd.
The sector's profitability is on an average of 4,14%.
The labour cost affects the turnover in the measure of 13,12%.
Goods are held in stock in a range of 58 dd.
The difference between the sales volume and the resources used to
realize it is about 1,11.
The employees costs represent the 14,24% of the production costs.
Statistical
Detrimental Data
Statistically the trade activity shows trifling crises.
The area is statistically considered moderately risky.
In the region 50.886 protested subjects are found; in the province
they count to 788.
The insolvency index for the region is 0,55, , while for the
province it is 0,38.
Total Bankrupt companies in the province : 515.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.93 |
|
UK Pound |
1 |
Rs.102.75 |
|
Euro |
1 |
Rs.75.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.