MIRA INFORM REPORT
|
Report No. : |
341931 |
|
Report Date : |
23.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ORIGINAL BIRTH S.P.A. |
|
|
|
|
Registered Office : |
Corso Europa, 516 80010 - Villaricca (NA) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
01.03.1993 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of parts and accessories for
motor vehicles. |
|
|
|
|
No. of Employee : |
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 |
|
Status : |
No complaints |
|
|
|
|
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
|
ORIGINAL BIRTH S.P.A. |
|
Corso Europa, 516 80010 - Villaricca (NA)
-IT- |
Summary
|
Fiscal Code |
: |
06437760637 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
01/03/1993 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
15.500.000/18.000.000 |
|
Number of Employees |
: |
from 36 to 50 |
Activity
Manufacture of parts and accessories for
motor vehicles
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 06437760637 |
|
Foreign Trade Reg. no. : NA013964 since
24/05/1993 |
|
Chamber of Commerce no. : 231720 of Caserta |
|
Chamber of Commerce no. : 490817 of Napoli
since 08/11/1991 |
|
Firms' Register : NA049-1991-6011 of Napoli
since 19/02/1996 |
|
V.A.T. Code : 01539491215 |
|
Foundation date |
: 02/10/1991 |
|
|
Establishment date |
: 02/10/1991 |
|
|
Start of Activities |
: 01/03/1993 |
|
|
Legal duration |
: 31/12/2090 |
|
|
Nominal Capital |
: 5.200.000 |
|
|
Subscribed Capital |
: 5.200.000 |
|
|
Paid up Capital |
: 5.200.000 |
|
Legal mail : |
ORIGINALBIRTH@LEGALMAIL.IT |
Members
|
|
Chianese |
Felice |
|
|
Born in Marano di Napoli |
(NA) |
on 24/12/1956 |
- Fiscal Code : CHNFLC56T24E906X |
|
|
Residence: |
Gaiola |
, 73 |
- 80123 |
Napoli |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
29/04/2013 |
||
|
Director |
29/04/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Chianese |
Salvatore |
|
|
Born in Marano di Napoli |
(NA) |
on 22/09/1959 |
- Fiscal Code : CHNSVT59P22E906V |
|
|
Residence: |
Europa |
, 550 |
- 80010 |
Villaricca |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
29/04/2013 |
||
|
Director |
29/04/2013 |
|
|
Prejudicial Events found with
cancellations* |
Tax distraint - 03/05/2006. Event
writing-off
|
|
GEST LINE S. P. A. |
|
|
No Protests registered |
|
|
Chianese |
Gennaro |
|
|
Born in Napoli |
(NA) |
on 23/05/1980 |
- Fiscal Code : CHNGNR80E23F839E |
|
|
Residence: |
Stazio |
, 33 |
- 80123 |
Napoli |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2013 |
||
|
Managing Director |
29/04/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
*Concerns also partially erased events.
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.
|
|
Chianese |
Felice |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CHIANESE RICAMBI IMPORT EXPORT DI SALVATORE
E FELICE CHIANESE eamp; C. SNC. |
POZZUOLI (NA) - IT - |
04611920630 |
Partner |
Withdrawn |
Registered |
|
CHIANESE FELICE |
Giugliano in Campania (NA) - IT - |
CHNFLC56T24E906X |
Proprietor |
Withdrawn |
Registered |
|
|
Chianese |
Salvatore |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CHIANESE RICAMBI IMPORT EXPORT DI SALVATORE
E FELICE CHIANESE eamp; C. SNC. |
POZZUOLI (NA) - IT - |
04611920630 |
Partner |
Withdrawn |
Registered |
|
Consorzio Api Fidi |
Napoli (NA) - IT - |
06811190633 |
Director |
Withdrawn |
Registered |
|
CHIANESE SALVATORE |
Marano di Napoli (NA) - IT - |
CHNSVT59P22E906V |
Proprietor |
Withdrawn |
Registered |
|
Chianese Salvatore |
Villaricca (NA) - IT - |
CHNSVT59P22E906V |
Proprietor |
Active |
Registered |
|
|
Chianese |
Gennaro |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Fincher S.p.a. |
Napoli (NA) - IT - |
06787101218 |
Director |
Active |
Registered |
|
Fincher S.p.a. |
Napoli (NA) - IT - |
06787101218 |
Board Chairman |
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 |
|
Chianese Felice |
Napoli - IT - |
CHNFLC56T24E906X |
2.600.000 .Eur |
50,00 |
|
Chianese Salvatore |
Villaricca - IT - |
CHNSVT59P22E906V |
2.600.000 .Eur |
50,00 |
Direct Participations
The Company under review has participations
in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
Sistema Campania S.c. A R.l. |
Napoli - IT - |
06958541218 |
1.000 .Eur |
2,63 |
Active |
Firm's location and structure
In order to carry out its activities the firm
uses the following locations:
|
- |
Legal and operative seat |
since 24/12/1992 |
|
Europa |
, 516 |
- 80010 |
- Villaricca |
(NA) |
- IT - |
|
PHONE |
: 0815062506 |
|
FAX |
: 0815063170 |
|
Legal mail |
: ORIGINALBIRTH@LEGALMAIL.IT |
|
- |
Branch |
(Factory) |
since 21/01/2011 |
|
S.s. Appia Km 192,500 Zona Asi |
, SNC |
- 81052 |
- Pignataro Maggiore |
(CE) |
- IT - |
|
Employees |
: 50 |
|
Fittings and Equipment for a value of
2.620.000 |
Eur |
|
Stocks for a value of 9.020.000 |
Eur |
Trade organization: direct or by agents.
Sales converge to North and Central Italy.
Import comes generally from the following
nations:
|
- Germany |
Historical
Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
10/10/1995 |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of splitting-up and tranfer into |
|
|
|
|
, Villaricca |
- IT - |
|
|
Date |
Merging/splitting-up project: |
09/07/2010 |
|
|
Splitting-up and setting-up of new Co.
Resol. |
|
|
|
|
, Napoli |
- IT - |
|
|
Date |
Splitting-up: |
19/07/2010 |
|
|
Splitting-up and setting-up of a new
company |
|
|
|
|
F. Caracciolo |
, 15 |
, 80121 |
, Napoli |
(NA) |
- IT - |
|
|
Fiscal Code: 06787101218 |
|
|
Date |
Splitting-up: |
30/11/2010 |
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: |
|
|
Prejudicial Events found with
cancellations* |
Legal Mortgage on 12/01/2007. for an amount of 33.946 Euro. Event writing-off
|
GEST LINE S. P. A. |
Search performed on a specialized data base.
*Concerns also partially erased events.
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 1993.
The analysis is based on the latest 3 balance
sheets.
During the last years, it achieved profits
(r.o.e. 10,77% on 2014) with a good increase in turnover (+11,34% in 2014
compared to 2013 and +9,14% in 2013 compared to 2012).
The operating result in 2014 was positive
(6,08%) and reflects the field's average.
The amount of the operating result is equal
to Eur. 2.224.554 ,showing stability in respect to the value of 2013.
A gross operating margine for a value of Eur.
3.151.118 was reached. , stable if compared to the year before.
Very good financial situation: shareholder's
equity covers short-terms debts with an indebtedness level equal to 0,92
increasing compared to last year (0,86)
The equity capital is equal to Eur. 9.600.197
on stable levels.
During the last financial year debts totalled
Eur. 18.469.874 (Eur. 8.290.652 of which were m/l term debts) , showing an
upward trend if compared to 2013.
The exposure towards banks is slightly high,
the recourse to suppliers' credit is limited which is also lower than the
sector average.
The liquidity level is positive (2,25).
As far as the collection of credit goes, the
average is high (100,56 days). but in line with the sector.
During financial year 2014 the cash flow
amounted to Eur. 1.960.324
Labour cost expenses amount to Eur. 1.764.919
, representing 10,72% on the total of production costs. , with a 10,39%
incidence on turnover.
High incidence of financial charges on
turnover.
Financial Data
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
16.992.463 |
|
Profit (Loss) for the period |
1.033.760 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
15.260.969 |
|
Profit (Loss) for the period |
896.393 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.982.284 |
|
Profit (Loss) for the period |
824.520 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.705.835 |
|
Profit (Loss) for the period |
1.053.025 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.232.125 |
|
Profit (Loss) for the period |
899.646 |
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 |
0,37 |
0,48 |
0,44 |
0,25 |
|
Elasticity Ratio |
Units |
0,63 |
0,52 |
0,55 |
0,74 |
|
Availability of stock |
Units |
0,25 |
0,31 |
0,28 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,38 |
0,21 |
0,27 |
0,47 |
|
Quick Ratio |
Units |
0,04 |
0,00 |
0,02 |
0,01 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,92 |
0,86 |
0,60 |
1,91 |
|
Self Financing Ratio |
Units |
0,26 |
0,35 |
0,35 |
0,25 |
|
Capital protection Ratio |
Units |
0,79 |
0,78 |
0,76 |
0,72 |
|
Liabilities consolidation quotient |
Units |
0,89 |
1,11 |
1,68 |
0,20 |
|
Financing |
Units |
1,92 |
1,75 |
1,69 |
2,52 |
|
Permanent Indebtedness Ratio |
Units |
0,51 |
0,68 |
0,74 |
0,40 |
|
M/L term Debts Ratio |
Units |
0,25 |
0,34 |
0,39 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
1,39 |
1,44 |
1,40 |
0,37 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,37 |
1,44 |
1,68 |
1,40 |
|
Current ratio |
Units |
2,25 |
1,72 |
2,37 |
1,20 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,36 |
0,69 |
1,17 |
0,81 |
|
Structure's primary quotient |
Units |
0,71 |
0,73 |
0,80 |
0,88 |
|
Treasury's primary quotient |
Units |
0,13 |
0,01 |
0,09 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
381,24 |
286,15 |
282,99 |
396,60 |
|
Current Capital ( net ) |
Value |
12.716.751 |
5.352.217 |
6.922.731 |
739.298 |
|
RETURN |
|||||
|
Return on Sales |
% |
11,54 |
11,38 |
11,35 |
3,87 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
10,77 |
10,46 |
10,75 |
2,90 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
17,33 |
16,68 |
16,54 |
10,01 |
|
Return on Investment ( R.O.I. ) |
% |
6,08 |
7,62 |
7,40 |
3,63 |
|
Return/ Sales |
% |
13,09 |
12,24 |
11,48 |
3,64 |
|
Extra Management revenues/charges incid. |
% |
46,47 |
47,99 |
51,37 |
27,87 |
|
Cash Flow |
Value |
1.960.324 |
1.736.515 |
1.586.832 |
218.595 |
|
Operating Profit |
Value |
2.224.554 |
1.867.941 |
1.605.191 |
183.990 |
|
Gross Operating Margin |
Value |
3.151.118 |
2.708.063 |
2.367.503 |
453.866 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
100,56 |
115,85 |
131,75 |
94,73 |
|
Debts to suppliers average term |
Days |
87,78 |
60,55 |
56,19 |
115,71 |
|
Average stock waiting period |
Days |
191,16 |
180,67 |
156,57 |
57,59 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,46 |
0,62 |
0,64 |
1,07 |
|
Rate of stock return |
Units |
1,88 |
1,99 |
2,30 |
6,09 |
|
Labour cost incidence |
% |
10,39 |
10,94 |
10,76 |
18,09 |
|
Net financial revenues/ charges incidence |
% |
-3,42 |
-2,45 |
-2,80 |
-1,09 |
|
Labour cost on purchasing expenses |
% |
10,72 |
10,91 |
12,48 |
17,83 |
|
Short-term financing charges |
% |
3,15 |
2,53 |
3,12 |
2,64 |
|
Capital on hand |
% |
215,39 |
160,62 |
155,24 |
93,64 |
|
Sales pro employee |
Value |
308.953 |
293.480 |
297.495 |
185.995 |
|
Labour cost pro employee |
Value |
32.089 |
32.106 |
32.011 |
32.632 |
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 258
significant companies.
The companies cash their credits on an
average of 95 dd.
The average duration of suppliers debts is
about 116 dd.
The sector's profitability is on an average
of 3,87%.
The labour cost affects the turnover in the
measure of 18,09%.
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 1,07.
The employees costs represent the 17,83% of
the production costs.
Statistical Detrimental Data
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.65.62 |
|
|
1 |
Rs.101.73 |
|
Euro |
1 |
Rs.73.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.