|
Report No. : |
341973 |
|
Report Date : |
25.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
NARDI COMPRESSORI S.R.L. |
|
|
|
|
Registered Office : |
Via Marco Polo, 2 36075 - Montecchio Maggiore (VI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
01.01.1965 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
·
Manufacture of other pumps and compressors ·
Installation of other industrial machinery and
equipment |
|
|
|
|
No. of Employees : |
From 16 to 25 |
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 |
|
NARDI
COMPRESSORI S.R.L. |
|
Via |
Marco
Polo, |
2
|
|
36075 |
-
Montecchio Maggiore |
(VI) |
-IT- |
|
Fiscal
Code |
: |
00142920248 |
|
Legal
Form |
: |
Limited
liability company |
|
start
of Activities |
: |
10/06/1965 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
5.000.000/6.500.000
|
|
Number
of Employees |
: |
from
16 to 25 |
Manufacture
of other pumps and compressors
Installation
of other industrial machinery and equipment
Legal
Form : Limited liability company
|
Register
of Handcraft firms : 16955 of Vicenza since 10/06/1965 |
|
Register
of Handcraft firms : 103049 of Vicenza |
|
Fiscal
Code : 00142920248 |
|
Foreign
Trade Reg. no. : VI001896 since 29/11/1991 |
|
Chamber
of Commerce no. : 93555 of Vicenza since 10/06/1965 |
|
Firms'
Register : VI116-12641 of Vicenza since 19/02/1996 |
|
V.A.T.
Code : 00142920248 |
|
Foundation
date |
:
01/01/1965 |
|
|
Establishment
date |
:
28/09/2009 |
|
|
Start
of Activities |
:
10/06/1965 |
|
|
Legal
duration |
:
31/12/2050 |
|
|
Nominal
Capital |
:
100.000 |
|
|
Subscribed
Capital |
:
100.000 |
|
|
Paid
up Capital |
:
100.000 |
|
Legal
mail : |
NARDI.COMPRESSORI@LEGALMAIL.IT |
|
Ghiotto |
Carlo |
|
Born
in Montecchio Maggiore |
(VI) |
on
02/04/1947 |
-
Fiscal Code : GHTCRL47D02F464K |
|
Residence: |
Parini |
,
6 |
-
36075 |
Montecchio
Maggiore |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
28/09/2009 |
|
Ghiotto |
Marco |
|
Born
in Montecchio Maggiore |
(VI) |
on
27/08/1973 |
-
Fiscal Code : GHTMRC73M27F464O |
|
Residence: |
Giuliano
Ziggiotti |
,
21 |
-
36075 |
Montecchio
Maggiore |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Board
Chairman |
28/09/2009 |
||
|
Director |
28/09/2009 |
||
|
Sole
partner |
23/07/2015 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Venturi |
Barbara |
|
Born
in Negrar |
(VR) |
on
20/06/1975 |
-
Fiscal Code : VNTBBR75H60F861B |
|
Residence: |
Volpara |
,
3/A |
-
37010 |
Torri
del Benaco |
(VR) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
28/09/2009 |
*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 |
|
Ghiotto
Marco |
Montecchio
Maggiore - IT - |
GHTMRC73M27F464O |
100.000
.Eur |
100,00 |
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
D-1-9 di Montecchio Maggiore |
02218800247 |
103
.Eur |
4,54 |
Active |
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
since
20/09/1995 |
|
Marco
Polo |
,
2 |
-
36077 |
-
Montecchio Maggiore |
(VI) |
-
IT - |
|
PHONE |
:
0444499059 |
|
Website |
:
www.nardicompressori.com |
|
Legal
mail |
:
NARDI.COMPRESSORI@LEGALMAIL.IT |
|
Employees |
:
18 |
|
Assistants |
:
2 |
|
Fittings
and Equipment for a value of 460.000 |
Eur |
|
Stocks
for a value of 340.000 |
Eur |
The
firm operates abroad as exporter..
Export
represents more than 50% of the global turnover.
Products
abroad are placed by :
|
-
its own agents |
|
-
direct orders from foreign companies |
Export
is mainly towards:
|
-
France |
|
-
Greece |
|
-
Great Britain |
CHANGES
TO THE LEGAL FORM:
|
Former
legal form |
New
legal form |
Changement
Date |
|
De
facto company |
General
partnership |
30/06/1981 |
|
General
partnership |
Limited
liability company |
28/09/2009 |
COMPANY
STYLE MODIFICATIONS:
|
Former
Style |
New
Style |
Changement
Date |
|
GHIOTTO
COMPRESSORI S.N.C. DI GHIOTTOCARLO E NARDI GABRIELLA |
Nardi
Compressori Srl |
28/09/2009 |
CEASINGS/INCORPORATIONS/MERGES:
|
The
firm took over the activity of |
|
NARDI
COMPRESSORI DI NARDI GABRIELLA |
|
Crispi
Zona Artigianale |
,
1 |
,
36077 |
,
Montecchio Maggiore |
(VI) |
-
IT - |
|
Fiscal
Code: NRDGRL50D61C605V |
|
Date
|
:
|
15/06/2009 |
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.
Subject
is active since 1965
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 2,16% in 2014 keeping the turnover steady during the last two years.
The
operating result in 2014 was positive (2,66%) falling within the field's
average.
The
amount of the operating result for the year 2014 is of Eur. 147.673 , with no
sizeable change as opposed to the year before.
The
gross operating margin of the latest financial year is of Eur. 327.062 with no
sensible increase as against 2013.
Very
good financial situation: shareholder's equity covers short-terms debts with an
indebtedness level equal to 0,12 lower than in 2013.
Subject
can manage an equity capital funds for an amount of Eur. 3.163.508 , unchanged
as opposed to the preceding year.
During
the last financial year debts totalled Eur. 2.161.733 (Eur. 612.484 of which
were m/l term debts) showing a stable trend as opposed to 2013 (Eur.
1.999.291).
Available
funds are good.
During
financial year 2014 the cash flow amounted to Eur. 247.703
During
2014 financial year labour costs amounted to Eur. 587.973, with a 10,8%
incidence on production costs. , whereas 10,69% is the incidence on sales
revenues.
Financial
incomes cover financial charges.
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
5.500.365 |
|
Profit
(Loss) for the period |
68.314 |
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
5.239.356 |
|
Profit
(Loss) for the period |
77.236 |
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
4.665.397 |
|
Profit
(Loss) for the period |
198.425 |
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
4.801.048 |
|
Profit
(Loss) for the period |
160.943 |
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
4.446.493 |
|
Profit
(Loss) for the period |
167.795 |
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 |
0,61 |
0,67 |
0,68 |
0,26 |
|
Elasticity
Ratio |
Units |
0,38 |
0,32 |
0,31 |
0,73 |
|
Availability
of stock |
Units |
0,06 |
0,07 |
0,07 |
0,23 |
|
Total
Liquidity Ratio |
Units |
0,32 |
0,26 |
0,24 |
0,44 |
|
Quick
Ratio |
Units |
0,21 |
0,15 |
0,15 |
0,02 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
0,12 |
0,26 |
0,27 |
1,74 |
|
Self
Financing Ratio |
Units |
0,57 |
0,59 |
0,57 |
0,29 |
|
Capital
protection Ratio |
Units |
0,95 |
0,94 |
0,90 |
0,64 |
|
Liabilities
consolidation quotient |
Units |
0,48 |
0,34 |
0,41 |
0,22 |
|
Financing |
Units |
0,68 |
0,65 |
0,71 |
2,30 |
|
Permanent
Indebtedness Ratio |
Units |
0,70 |
0,69 |
0,70 |
0,46 |
|
M/L
term Debts Ratio |
Units |
0,13 |
0,10 |
0,12 |
0,11 |
|
Net
Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,49 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
1,15 |
1,03 |
1,02 |
1,63 |
|
Current
ratio |
Units |
1,37 |
1,08 |
1,03 |
1,32 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
1,15 |
0,86 |
0,79 |
0,86 |
|
Structure's
primary quotient |
Units |
0,93 |
0,88 |
0,84 |
1,05 |
|
Treasury's
primary quotient |
Units |
0,75 |
0,49 |
0,49 |
0,04 |
|
Rate
of indebtedness ( Leverage ) |
% |
175,47 |
170,25 |
174,96 |
349,01 |
|
Current
Capital ( net ) |
Value |
570.512 |
126.542 |
48.435 |
753.266 |
|
RETURN |
|||||
|
Return
on Sales |
% |
4,50 |
5,08 |
7,47 |
5,13 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
2,16 |
2,49 |
6,63 |
7,27 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
4,68 |
5,22 |
11,30 |
15,95 |
|
Return
on Investment ( R.O.I. ) |
% |
2,66 |
3,08 |
6,36 |
5,36 |
|
Return/
Sales |
% |
2,68 |
3,10 |
7,15 |
5,57 |
|
Extra
Management revenues/charges incid. |
% |
46,26 |
47,48 |
59,52 |
42,11 |
|
Cash
Flow |
Value |
247.703 |
266.351 |
348.405 |
344.143 |
|
Operating
Profit |
Value |
147.673 |
162.670 |
333.400 |
359.008 |
|
Gross
Operating Margin |
Value |
327.062 |
351.785 |
483.380 |
705.726 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
n.c. |
n.c. |
n.c. |
101,37 |
|
Debts
to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
115,52 |
|
Average
stock waiting period |
Days |
22,55 |
23,92 |
29,64 |
80,62 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,99 |
0,99 |
0,89 |
1,07 |
|
Rate
of stock return |
Units |
15,97 |
15,05 |
12,15 |
4,40 |
|
Labour
cost incidence |
% |
10,69 |
9,91 |
9,63 |
16,91 |
|
Net
financial revenues/ charges incidence |
% |
0,01 |
-0,02 |
-0,08 |
-1,19 |
|
Labour
cost on purchasing expenses |
% |
10,80 |
10,12 |
9,88 |
17,25 |
|
Short-term
financing charges |
% |
0,38 |
0,50 |
0,68 |
2,71 |
|
Capital
on hand |
% |
100,92 |
100,65 |
112,28 |
93,00 |
|
Sales
pro employee |
Value |
305.575 |
327.459 |
333.242 |
223.920 |
|
Labour
cost pro employee |
Value |
32.665 |
32.450 |
32.084 |
35.625 |
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 |
:
|
831.356 |
|
Population
living in the region |
:
|
4.699.950 |
|
Number
of families in the region |
:
|
1.813.210 |
Monthly
family expences average in the region (in Eur..) :
|
-
per food products |
:
|
456 |
|
-
per non food products |
:
|
2.052 |
|
-
per energy consume |
:
|
127 |
The
values are calculated on a base of 918 significant companies.
The
companies cash their credits on an average of 101 dd.
The
average duration of suppliers debts is about 116 dd.
The
sector's profitability is on an average of 5,13%.
The
labour cost affects the turnover in the measure of 16,91%.
Goods
are held in stock in a range of 81 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,07.
The
employees costs represent the 17,25% of the production costs.
Statistcally
the trade activity shows periods of crisis.
The
area is statistically considered lowly risky.
In
the region 13.782 protested subjects are found; in the province they count to
2.234.
The
insolvency index for the region is 0,30, , while for the province it is 0,27.
Total
Bankrupt companies in the province : 2.546.
Total
Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.10 |
|
UK Pound |
1 |
Rs.100.89 |
|
Euro |
1 |
Rs.73.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
VNT |
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.