|
Report No. : |
341985 |
|
Report Date : |
21.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
VINCENZO SANTA
LUCIA S.R.L. |
|
|
|
|
Registered Office : |
Via Guglielmo Marconi, 74, P.T 80059 - Torre del Greco (NA) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
04.04.1985 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
LINE OF BUSINESS : |
MANUFACTURE OF JEWELLERY IN PRECIOUS METALS (RAW CORAL, SEMICARVED
CORAL, SILVER ENGRAVING, GOLD ENGRAVING, SINGLE PIECES, JEWEL MANUFACTURING
UPON REQUEST) |
|
|
|
|
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 |
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 |
VINCENZO SANTA LUCIA
S.R.L.
Via Guglielmo
Marconi, 74, P.T
80059 - Torre del Greco (NA) -IT-
|
Fiscal
Code |
: |
04692250634 |
|
Legal
Form |
: |
Limited
liability company |
|
start
of Activities |
: |
04/04/1985 |
|
Equity |
: |
150.000
|
|
Turnover
Range |
: |
500.000/750.000
|
|
Number
of Employees |
: |
from
1 to 5 |
Manufacture
of jewellery in precious metals
Legal
Form : Limited liability company
|
Register
of Handcraft firms : 105740 of Napoli |
|
Fiscal
Code : 04692250634 |
|
Chamber
of Commerce no. : 390666 of Napoli since 13/05/1985 |
|
V.A.T.
Code : 01352731218 |
|
Establishment
date |
:
04/04/1985 |
|
|
Start
of Activities |
:
04/04/1985 |
|
|
Legal
duration |
:
31/12/2050 |
|
|
Nominal
Capital |
:
83.000 |
|
|
Subscribed
Capital |
:
83.000 |
|
|
Paid
up Capital |
:
83.000 |
|
Legal
mail : |
VINCENZOSANTALUCIA@PEC.IT |
|
|
Del
Pezzo |
Giovanni |
|
|
Born
in Torre del Greco |
(NA) |
on
01/03/1974 |
-
Fiscal Code : DLPGNN74C01L259Y |
|
|
Residence: |
Gugliemo
Marconi |
,
74 |
-
80059 |
Torre
del Greco |
(NA) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole
Director |
30/01/2012 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Del
Pezzo Vincenzo |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
*checkings
have been performed on a national scale.
In
this module the companies in which members hold/held positions are listed.
The
Members of the subject firm are not reported to be Members in other companies.
Shareholders'
list as at date of data collection:
|
Firm's
Style / Name |
Seat
/ Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Del
Pezzo Giovanni |
Torre
del Greco - IT - |
DLPGNN74C01L259Y |
58.100
.Eur |
70,00 |
|
Del
Pezzo Vincenzo |
DLPVCN46L31L259U |
24.900
.Eur |
30,00 |
The
Company under review has participations in the following Companies:
|
Firm's
Style |
Seat |
Fiscal
Code |
Owned
Shares Amount |
%
Ownership |
since
|
until
|
Share
Status |
|
Consorzio
Artigiano Torrese Per L'esport Azione Esso Potra' Utilizzare Anche La D |
Napoli
- IT - |
07149860632 |
Active |
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
Guglielmo
Marconi |
,
74, P.T |
-
80059 |
-
Torre del Greco |
(NA) |
-
IT - |
|
Legal
mail |
:
VINCENZOSANTALUCIA@PEC.IT |
|
Employees |
:
1 |
|
Assistants |
:
1 |
|
Stocks
for a value of 140.000 |
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 1985.
The
eonomic-financial analysis is based on the latest 3 b/s.
Under
the financial profile unstable results are noted. with a loss in the last
financial year.
The
operating result in 2014 was positive (6,56%) and reflects the field's average.
The
operating result is positive and amounts to Eur. 62.825 , on more or less the
same values as in the year before.
The
gross operating margin of the latest financial year is of Eur. 76.817 on the
same levels as the previous financial year.
The
analysis shows a fair financial position as the indebtedness volume is
acceptable (2,56) with an improving trend as on the decrease.
Subject
can manage an equity capital funds for an amount of Eur. 126.951 , unchanged if
compared to 2013.
In
the year 2014 total debts amounted to Eur. 805.678 with no important change.
Current
liquid assets is positive.
Trade
credits average terms are slow, on average 152,37 days. besides being higher
than the sector's average.
As
far as the cash flow is concerned during the latest financial year it amounted
to Eur. 10.885
Labour
cost amounts to Eur. 51.304, with a 10,92% incidence on production costs. and a
9,77% incidence on sales volumes.
The
financial management is marked by a high incidence of financial charges in
relation to sales revenues (-11,2%).
|
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
524.928 |
|
Profit
(Loss) for the period |
-3.107 |
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
495.640 |
|
Profit
(Loss) for the period |
4.840 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
411.010 |
|
Profit
(Loss) for the period |
5.053 |
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 |
0,58 |
0,54 |
0,60 |
0,19 |
|
Elasticity
Ratio |
Units |
0,42 |
0,46 |
0,40 |
0,80 |
|
Availability
of stock |
Units |
0,14 |
0,17 |
0,16 |
0,30 |
|
Total
Liquidity Ratio |
Units |
0,28 |
0,29 |
0,23 |
0,45 |
|
Quick
Ratio |
Units |
0,02 |
0,03 |
0,02 |
0,02 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
2,56 |
2,95 |
2,80 |
2,34 |
|
Self
Financing Ratio |
Units |
0,13 |
0,12 |
0,13 |
0,23 |
|
Capital
protection Ratio |
Units |
0,82 |
0,76 |
0,75 |
0,67 |
|
Liabilities
consolidation quotient |
Units |
1,44 |
1,20 |
1,21 |
0,19 |
|
Financing |
Units |
6,35 |
6,93 |
6,40 |
2,93 |
|
Permanent
Indebtedness Ratio |
Units |
0,64 |
0,60 |
0,61 |
0,42 |
|
M/L
term Debts Ratio |
Units |
0,51 |
0,48 |
0,48 |
0,12 |
|
Net
Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,93 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
1,11 |
1,11 |
1,01 |
2,24 |
|
Current
ratio |
Units |
1,18 |
1,15 |
1,01 |
1,39 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
0,79 |
0,73 |
0,60 |
0,82 |
|
Structure's
primary quotient |
Units |
0,23 |
0,23 |
0,22 |
1,40 |
|
Treasury's
primary quotient |
Units |
0,05 |
0,08 |
0,06 |
0,04 |
|
Rate
of indebtedness ( Leverage ) |
% |
754,69 |
810,07 |
754,95 |
424,51 |
|
Current
Capital ( net ) |
Value |
62.773 |
62.218 |
5.520 |
394.433 |
|
RETURN |
|||||
|
Return
on Sales |
% |
2,07 |
3,66 |
4,22 |
2,17 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
-2,45 |
3,72 |
4,04 |
0,73 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
3,20 |
12,75 |
11,27 |
6,79 |
|
Return
on Investment ( R.O.I. ) |
% |
6,56 |
7,45 |
7,94 |
3,16 |
|
Return/
Sales |
% |
11,97 |
15,84 |
18,25 |
3,18 |
|
Extra
Management revenues/charges incid. |
% |
-4,95 |
6,17 |
6,74 |
10,78 |
|
Cash
Flow |
Value |
10.885 |
18.126 |
17.339 |
53.639 |
|
Operating
Profit |
Value |
62.825 |
78.502 |
75.023 |
72.080 |
|
Gross
Operating Margin |
Value |
76.817 |
91.788 |
87.392 |
161.031 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
152,37 |
171,79 |
n.c. |
99,53 |
|
Debts
to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
104,89 |
|
Average
stock waiting period |
Days |
93,27 |
127,54 |
135,32 |
87,12 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,55 |
0,47 |
0,43 |
1,10 |
|
Rate
of stock return |
Units |
3,86 |
2,82 |
2,66 |
4,08 |
|
Labour
cost incidence |
% |
9,77 |
13,76 |
11,14 |
13,32 |
|
Net
financial revenues/ charges incidence |
% |
-11,20 |
-12,49 |
-14,82 |
-2,33 |
|
Labour
cost on purchasing expenses |
% |
10,92 |
16,29 |
13,60 |
13,08 |
|
Short-term
financing charges |
% |
7,29 |
6,87 |
7,61 |
4,17 |
|
Capital
on hand |
% |
182,52 |
212,56 |
229,99 |
90,78 |
|
Sales
pro employee |
Value |
524.928 |
247.820 |
411.010 |
252.126 |
|
Labour
cost pro employee |
Value |
51.304 |
34.101 |
45.781 |
32.207 |
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 |
:
|
3.092.859 |
|
Population
living in the region |
:
|
5.788.986 |
|
Number
of families in the region |
:
|
1.966.064 |
Monthly
family expences average in the region (in Eur..) :
|
-
per food products |
:
|
475 |
|
-
per non food products |
:
|
1.304 |
|
-
per energy consume |
:
|
79 |
The
values are calculated on a base of 591 significant companies.
The
companies cash their credits on an average of 100 dd.
The
average duration of suppliers debts is about 105 dd.
The
sector's profitability is on an average of 2,17%.
The
labour cost affects the turnover in the measure of 13,32%.
Goods
are held in stock in a range of 87 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,10.
The
employees costs represent the 13,08% of the production costs.
Statistcally
the trade activity shows periods of crisis.
The
area is statistically considered remarkably risky.
In
the region 80.616 protested subjects are found; in the province they count to
41.815.
The
insolvency index for the region is 1,40, , while for the province it is 1,36.
Total
Bankrupt companies in the province : 18.217.
Total
Bankrupt companies in the region : 28.514.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.93 |
|
|
1 |
Rs.102.75 |
|
Euro |
1 |
Rs.75.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.