|
Report No. : |
341805 |
|
Report Date : |
24.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
WILLY
ITALIANA S.R.L. |
|
|
|
|
Registered Office : |
Via Della Ricerca Scientifica, 13/1 41012 - Carpi (MO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
28.12.2010 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Automatic Machines
for Dosing, Wrapping and Packaging. (Including Seperate Parts and
Accessories) |
|
|
|
|
No. of Employees : |
From 16 to 25 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
WILLY ITALIANA S.R.L.
Via
Della Ricerca Scientifica, 13/1
41012
- Carpi (MO) -IT-
|
Fiscal Code |
: |
03367280363 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
29/12/2010 |
|
Equity |
: |
1.500.000 |
|
Turnover Range |
: |
2.250.000/3.000.000 |
|
Number of Employees |
: |
from 16 to 25 |
Manufacture of automatic machines
for dosing, wrapping and packaging
(Including Seperate Parts and
Accessories)
Legal Form : Limited liability
company
|
Fiscal Code : 03367280363 |
|
Foreign Trade Reg. no. : MO044246
since 03/02/2011 |
|
Chamber of Commerce no. : 381599
of Modena since 29/12/2010 |
|
V.A.T. Code : 03367280363 |
|
Establishment date |
: 28/12/2010 |
|
|
Start of Activities |
: 29/12/2010 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 10.000 |
|
|
Subscribed Capital |
: 10.000 |
|
|
Paid up Capital |
: 10.000 |
|
Legal mail : |
WILLYITALY@LEGALMAIL.IT |
|
|
Carnevali |
Andrea |
|
|
Born in Carpi |
(MO) |
on 27/09/1968 |
- Fiscal Code : CRNNDR68P27B819K |
|
|
Residence: |
Bisi |
, 10 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
28/12/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Carnevali |
Carlo |
|
|
Born in Carpi |
(MO) |
on 12/04/1975 |
- Fiscal Code : CRNCRL75D12B819K |
|
|
Residence: |
Amendola |
, 40 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Arcobaleno S.r.l. |
|
|
: |
Von Siemens |
, 9/1 |
- 41012 |
Carpi |
(MO) |
- IT - |
|
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 are listed the
companies in which members hold or have holded positions.
|
|
Carnevali |
Andrea |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
WILLY ITALIANA S.R.L. |
Carpi (MO) - IT - |
00476730361 |
Partner |
Withdrawn |
Registered |
|
Softintime S.r.l. |
Carpi (MO) - IT - |
02667740365 |
Director |
Active |
Registered |
|
Softintime S.r.l. |
Carpi (MO) - IT - |
02667740365 |
Board Chairman |
Active |
Registered |
|
T.s. Labels S.r.l. |
Carpi (MO) - IT - |
02435020363 |
Managing Director |
Active |
Registered |
|
T.s. Labels S.r.l. |
Carpi (MO) - IT - |
02435020363 |
Director |
Active |
Registered |
|
T.s. Labels S.r.l. |
Carpi (MO) - IT - |
02435020363 |
Assistant board Chairman |
Active |
Registered |
|
Arcobaleno S.r.l. |
Carpi (MO) - IT - |
02958310365 |
Director |
Active |
Registered |
|
Cadicagroup S.p.a. |
Carpi (MO) - IT - |
03508840364 |
Managing Director |
Active |
Registered |
|
Cadicagroup S.p.a. |
Carpi (MO) - IT - |
03508840364 |
Director |
Active |
Registered |
|
Cadicagroup S.p.a. |
Carpi (MO) - IT - |
03508840364 |
Board Chairman |
Active |
Registered |
|
Velvet Italia Societa' A
Responsabilita'Limitata |
Carpi (MO) - IT - |
03313830360 |
Director |
Active |
Registered |
|
Velvet Italia Societa' A Responsabilita'Limitata |
Carpi (MO) - IT - |
03313830360 |
Assistant board Chairman |
Active |
Registered |
|
Peler Italia S.r.l. |
Montebello Vicentino (VI) - IT - |
03593000361 |
Director |
Active |
Registered |
|
Peler Italia S.r.l. |
Montebello Vicentino (VI) - IT - |
03593000361 |
Assistant 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.
Shareholders' list as at date of
data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Carnevali Andrea |
Carpi - IT - |
CRNNDR68P27B819K |
2.500 .Eur |
25,00 |
|
Carnevali Carlo |
Carpi - IT - |
CRNCRL75D12B819K |
2.500 .Eur |
25,00 |
|
Arcobaleno S.r.l. |
Carpi - IT - |
02958310365 |
5.000 .Eur |
50,00 |
The Company under review has no
participations in other Companies.
In order to carry out its activities
the firm uses the following locations:
|
- |
Legal and operative seat |
|
Della Ricerca Scientifica |
, 13/1 |
- 41012 |
- Carpi |
(MO) |
- IT - |
|
Legal mail |
: WILLYITALY@LEGALMAIL.IT |
|
- |
Branch |
(Store) |
since 29/12/2010 |
|
Della Ricerca Scientifica |
, 13/16 |
- 41012 |
- Carpi |
(MO) |
- IT - |
|
Employees |
: 17 |
|
Stocks for a value of 970.000 |
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.
The company has been active for some
years.
The economic-financial analysis has
been made on the base of the b/s of the latests three years.
Unstable economic results mark the
company's financial state of affairs. ; in the last financial year a loss was
registered (r.o.e. -2,37%)
The operating result is negative.
The operating result is negative
(Eur. -403).
The economic management produced a
gross operating margin of Eur. 10.595 with a -88,99% fall.
Very good financial situation:
shareholder's equity covers short-terms debts with an indebtedness level equal
to 0,81 which is yet rising if compared to 2013.
Subject can manage an equity capital
funds for an amount of Eur. 1.239.989 on the same levels as the year before.
Eur. 1.132.056 is the amount of
total debts, both commercial and of different nature, showing a stable trend as
opposed to 2013 (Eur. 982.825).
The company does not exceed in bank
credits; payments average period is instead slightly high (117,84 gg.) even if
it still falls within the sector's average.
The available funds are good.
As to due from customers, the
average terms are 51,37 days. , a better value than the sector's average.
(Eur. -18.384) is the negative value
of the cash flow.
Labour cost expenses amount to Eur.
545.152 , representing 18,02% on the total of production costs. , whereas the incidence
on sales revenues is of 19,3%.
Finacial chareges are high: the
incidence on sales volume amounts to -1,56%
|
|
Complete balance-sheet for the
year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.824.420 |
|
Profit (Loss) for the period |
-29.382 |
|
|
Complete balance-sheet for the
year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.958.158 |
|
Profit (Loss) for the period |
28.416 |
|
|
Complete balance-sheet for the
year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.335.711 |
|
Profit (Loss) for the period |
-19.338 |
|
|
Complete balance-sheet for the
year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.337.419 |
|
Profit (Loss) for the period |
-433.596 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,45 |
0,33 |
0,36 |
0,18 |
|
Elasticity Ratio |
Units |
0,54 |
0,66 |
0,63 |
0,79 |
|
Availability of stock |
Units |
0,29 |
0,31 |
0,31 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,25 |
0,35 |
0,33 |
0,52 |
|
Quick Ratio |
Units |
0,04 |
0,04 |
0,02 |
0,03 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,81 |
0,70 |
0,64 |
3,01 |
|
Self Financing Ratio |
Units |
0,37 |
0,49 |
0,52 |
0,19 |
|
Capital protection Ratio |
Units |
1,02 |
0,97 |
1,01 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,16 |
0,16 |
0,16 |
0,16 |
|
Financing |
Units |
0,91 |
0,77 |
0,67 |
3,56 |
|
Permanent Indebtedness Ratio |
Units |
0,42 |
0,55 |
0,58 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,06 |
0,06 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
0,02 |
n.c. |
n.c. |
0,69 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
0,94 |
1,67 |
1,60 |
1,65 |
|
Current ratio |
Units |
1,62 |
1,74 |
1,80 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,76 |
0,92 |
0,93 |
0,86 |
|
Structure's primary quotient |
Units |
0,82 |
1,48 |
1,45 |
1,02 |
|
Treasury's primary quotient |
Units |
0,11 |
0,09 |
0,05 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
273,23 |
202,74 |
191,14 |
509,92 |
|
Current Capital ( net ) |
Value |
701.889 |
727.850 |
670.141 |
330.495 |
|
RETURN |
|||||
|
Return on Sales |
% |
-0,65 |
1,47 |
-0,23 |
3,79 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-2,37 |
2,24 |
-1,56 |
6,70 |
|
Return on Equity - Gross - ( R.O.E.
) |
% |
-1,46 |
3,56 |
-0,02 |
18,82 |
|
Return on Investment ( R.O.I. ) |
% |
-0,01 |
3,16 |
0,69 |
4,89 |
|
Return/ Sales |
% |
-0,01 |
2,75 |
0,70 |
4,78 |
|
Extra Management revenues/charges
incid. |
% |
n.c. |
34,99 |
-117,82 |
29,96 |
|
Cash Flow |
Value |
-18.384 |
43.510 |
-5.460 |
165.166 |
|
Operating Profit |
Value |
-403 |
81.210 |
16.413 |
225.594 |
|
Gross Operating Margin |
Value |
10.595 |
96.304 |
30.291 |
376.080 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
51,37 |
n.c. |
n.c. |
111,07 |
|
Debts to suppliers average term |
Days |
117,84 |
n.c. |
n.c. |
127,44 |
|
Average stock waiting period |
Days |
124,08 |
97,57 |
112,33 |
62,88 |
|
Rate of capital employed return (
Turnover ) |
Units |
0,83 |
1,15 |
0,98 |
1,10 |
|
Rate of stock return |
Units |
2,90 |
3,69 |
3,20 |
5,58 |
|
Labour cost incidence |
% |
19,30 |
17,87 |
21,71 |
18,94 |
|
Net financial revenues/ charges
incidence |
% |
-1,56 |
-0,99 |
-0,82 |
-1,15 |
|
Labour cost on purchasing expenses |
% |
18,02 |
17,80 |
20,52 |
18,99 |
|
Short-term financing charges |
% |
3,92 |
3,10 |
2,40 |
2,55 |
|
Capital on hand |
% |
119,95 |
87,00 |
101,55 |
90,89 |
|
Sales pro employee |
Value |
166.142 |
184.884 |
155.714 |
199.007 |
|
Labour cost pro employee |
Value |
32.067 |
33.029 |
33.802 |
34.820 |
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 |
: |
659.925 |
|
Population living in the region |
: |
4.151.369 |
|
Number of families in the region |
: |
1.748.359 |
Monthly family expences average in
the region (in Eur..) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
2.063 |
|
- per energy consume |
: |
143 |
The values are calculated on a base
of 1.964 significant companies.
The companies cash their credits on
an average of 111 dd.
The average duration of suppliers debts
is about 127 dd.
The sector's profitability is on an
average of 3,79%.
The labour cost affects the turnover
in the measure of 18,94%.
Goods are held in stock in a range
of 63 dd.
The difference between the sales
volume and the resources used to realize it is about 1,10.
The employees costs represent the
18,99% of the production costs.
Statistcally the trade activity
shows periods of crisis.
The area is statistically considered
lowly risky.
In the region 18.860 protested
subjects are found; in the province they count to 3.557.
The insolvency index for the region
is 0,46, , while for the province it is 0,55.
Total Bankrupt companies in the
province : 2.526.
Total Bankrupt companies in the
region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.97 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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.