|
|
|
MIRA INFORM REPORT
|
Report No. : |
502801 |
|
Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MARMI LAME S.R.L. |
|
|
|
|
Registered Office : |
Via Dorsale, 54, 54100-
Massa(MS)-IT |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
14.05.1966 |
|
|
|
|
Legal Form : |
Limited liability
company |
|
|
|
|
Line of Business : |
·
Cutting and carving of stone and marble ·
Production of abrasive products ·
Manufacture of other machine tools |
|
|
|
|
No. of Employees : |
From 16 to 25 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Italy |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
ITALY - ECONOMIC OVERVIEW
Italy’s economy compromises a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, with a legacy of unemployment and underdevelopment. 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, reaching 131% of GDP in 2017. 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 longstanding structural economic problems,
including labor market inefficiencies, a sluggish judicial system, and a weak
banking sector. Italy’s economy returned to modest growth in late 2014 for the
first time since 2011. In 2015-16, Italy’s economy grew at about 1% each year,
and in 2017 growth accelerated to 1.5% of GDP. In 2017, overall
unemployment was 11.4%, but youth unemployment remained high at 37.1%.
|
Source
: CIA |
Company
name and address
|
Marmi Lame S.r.l. |
|
Via |
Dorsale, |
54 |
|
54100 |
- Massa |
(MS) |
-IT- |
Summary
|
Fiscal Code |
: |
00061200457 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
02/01/1967 |
|
Equity |
: |
2.500.000 |
|
Turnover Range |
: |
3.750.000/5.000.000 |
|
Number of Employees |
: |
from 16 to 25 |
Activity
Cutting and carving of stone and marble
Production of abrasive products
Manufacture of other machine tools
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 00061200457 |
|
Foreign Trade Reg. no. : MS001408 since
05/12/1991 |
|
Chamber of Commerce no. : 56979 of Massa since
01/07/1966 |
|
Chamber of Commerce no. : 250951 of Verona |
|
Firms' Register : MS010-1740 of Massa since
19/02/1996 |
|
V.A.T. Code : 00061200457 |
|
Establishment date |
: 14/05/1966 |
|
|
Start of Activities |
: 02/01/1967 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 160.000 |
|
|
Subscribed Capital |
: 160.000 |
|
|
Paid up Capital |
: 160.000 |
|
Legal mail : |
INFO@PEC.MARMILAME.COM |
Members
|
Piccinini |
Gabriella |
|
Born in Massa |
(MS) |
on 13/09/1942 |
- Fiscal Code : PCCGRL42P53F023Y |
|
Residence: |
Palestro |
, 33 |
- 54100 |
Massa |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
16/04/2015 |
||
|
Board Chairman |
16/04/2015 |
||
|
Managing Director |
16/04/2015 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Ciani |
Nicola |
|
Born in Firenze |
(FI) |
on 14/12/1970 |
- Fiscal Code : CNINCL70T14D612B |
|
Residence: |
Giovanni Pascoli |
, 36 |
- 54100 |
Massa |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
16/04/2015 |
||
|
Managing Director |
16/04/2015 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
M.c. Di Manucci Alessandra E C. S.a.s. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Manucci |
Maurizio |
|
Born in La Spezia |
(SP) |
on 28/01/1946 |
- Fiscal Code : MNCMRZ46A28E463O |
|
Residence: |
Pistoia |
, 5 |
- 54100 |
Massa |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
16/04/2015 |
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.
|
Ciani |
Nicola |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Consorzio Con Attivita' Esterna CarraraExport |
Carrara (MS) - IT - |
00630080455 |
Director |
Active |
Registered |
|
Consorzio Con Attivita' Esterna CarraraExport |
Carrara (MS) - IT - |
00630080455 |
Assistant board Chairman |
Withdrawn |
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 |
|
Ciani Nicola |
Massa - IT - |
CNINCL70T14D612B |
54.933 .Eur |
34,33 |
|
Ciani Francesca |
CNIFNC73P42B832U |
32.533 .Eur |
20,33 |
|
|
Ciani Gigliola |
CNIGLL79H49B832Y |
32.533 .Eur |
20,33 |
|
|
M.c. Di Manucci Alessandra E C. S.a.s. |
01013160450 |
40.000 .Eur |
25,00 |
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 |
|
Internazionale Marmi E Macchine - Carrar a S.p.a. |
Carrara - IT - |
00207170457 |
90 .Eur |
Active |
Firm's location and structure
In order to carry out its activities the firm uses
the following locations:
|
- |
Legal and operative seat |
|
Dorsale |
, 54 |
- 54100 |
- Massa |
(MS) |
- IT - |
|
TELEX |
: 590011 |
|
PHONE |
: 0585792792 |
|
Legal mail |
: INFO@PEC.MARMILAME.COM |
|
- |
Branch |
since 10/02/2014 |
|
Martiri Di Cefalonia |
, 33 |
- 54100 |
- Massa |
(MS) |
- IT - |
|
- |
Branch |
since 10/02/2014 |
|
Martiri Di Cefalonia |
, 37 |
- 54100 |
- Massa |
(MS) |
- IT - |
|
Employees |
: 12 |
|
Assistants |
: 4 |
|
Fittings and Equipment for a value of 690.000 |
Eur |
|
Stocks for a value of 360.000 |
Eur |
The firm operates abroad as importer / exporter..
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- importers |
|
- its own agents |
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Gabon |
|
- Austria |
|
- Italy |
|
- Ireland |
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.
National Real Estates Survey
The firm under review, by the reported percentages,
owns the following real estates:
|
Town |
Cadastre |
No. Immovables |
Up to Date |
|
MASSA (MS) |
Buildings |
5 |
03/04/2018 |
|
MASSA (MS) |
Land |
3 |
03/04/2018 |
|
BUSSOLENO (TO) |
Buildings |
2 |
03/04/2018 |
|
Buildings Details |
|
Cadastre |
Title |
Location |
Sheet No. |
Particle No. |
Sub No. |
Categorie |
Classe |
Consistence |
Cadastrial Rent |
Part No. |
|
B |
Proprieta' per 1000/1000 |
MASSA (MS) VIA MARTIRI DI CEFALONIA, SNC Piano T-1
- 2 |
108 |
326 |
10 |
zona1 cat. D/8 |
Euro: 3.412,00 |
|||
|
B |
Proprieta' per 1000/1000 |
MASSA (MS) VIA DORSALE, Piano T-1 - 0001 |
108 |
326 |
6 |
zona1 cat. D/8 |
Euro: 2.025,03 |
|||
|
B |
Proprieta' per 1000/1000 |
MASSA (MS) VIA MARTIRI DI CEFALONIA, SNC Piano T |
108 |
326 |
9 |
zona1 cat. D/8 |
Euro: 3.706,00 |
|||
|
B |
Proprieta' per 1/1 |
MASSA (MS) VIA DORSALE, 54 Piano T |
110 |
102 |
2 |
zona1 cat. D/1 |
Euro: 88,31 |
1030601 |
||
|
B |
Proprieta' per 1/1 |
MASSA (MS) VIA DORSALE, SNC Piano S1-T - 1-2 |
110 |
102 |
4 |
zona1 cat. D/7 |
Euro: 33.216,00 |
|||
|
B |
Proprieta' per 1000/1000 |
BUSSOLENO (TO) STRADA SUSA, 5 Piano T |
16 |
205 |
6 |
cat. D/1 |
Euro: 203,00 |
|||
|
B |
Proprieta' per 1000/1000 |
BUSSOLENO (TO) VIA FABRICA DA FER, SCN Piano T |
16 |
442 |
cat. D/7 |
Euro: 3.700,00 |
|
Land Details |
|
Cadastre |
Title |
Location |
Sheet No. |
Particle No. |
Sub No. |
Category |
Class |
Consistence |
Cadastrial Rent |
Part No. |
|
L |
Livellario |
MASSA (MS) |
108 |
250 |
SEM IRR ARB |
4 |
6 are 50 ca |
R.D.Euro:2,18 (*) R.A. Euro: 1,51 |
92344 |
|
|
L |
Proprieta' per 1/1 |
MASSA (MS) |
108 |
403 |
FRUTTETO |
U |
1 are 28 ca |
R.D.Euro:2,97 R.A. Euro: 1,12 |
||
|
L |
Proprieta' per 1/1 |
MASSA (MS) |
110 |
401 |
REL ACQ ES |
3 are 18 ca |
R.D.Euro: R.A. Euro: |
46775 |
All responsibilities are declined regarding any
possible omissions concerning the given results. Therefore, we advise to
request for "Hypothecating Survey Inspection" c/o the locally
competent RR.II. Immovables Registry, as this service doesn't fully guarantees
the actual title of the Real Estates of the requested Subject.
Financial and Economical
Analysis
Company's starting of activities dates back to
1967.
An eco-fin analysis has been made on the base od
the b/s fo the years 2014, 2015 and 2016.
During the last years, it achieved profits (r.o.e.
13,48% on 2016) and with an upward trend in turnover trend during the last
financial year (+7,76% in 2016).
The operating result in 2016 was positive (11,43%)
falling within the field's average.
The amount of the operating result for the year
2016 is of Eur. 510.251 increasing if compared to the yeart 2015.
The G.O.M. amounted to Eur. 667.693 with a 71,98%
increase as opposed to the preceding year.
Very good financial situation: shareholder's equity
covers short-terms debts with an indebtedness level equal to 0,33 and with an
upward trend compared to the previous year.
The equity capital is equal to Eur. 2.219.687 ,
unchanged as opposed to the preceding year.
In the year 2016 total debts amounted to Eur.
1.841.815 showing a stable trend as opposed to 2015 (Eur. 1.930.795).
Liquidity is good.
As far as the cash flow is concerned during the
latest financial year it amounted to Eur. 456.583
Labour cost expenses amount to Eur. 489.738 ,
representing 10,1% on the total of production costs. , with a 9,95% incidence
on turnover.
The incidence of the financial charges is of -1,28%
on the sales amount.
Financial Data
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.920.877 |
|
Profit (Loss) for the period |
299.141 |
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.566.513 |
|
Profit (Loss) for the period |
130.371 |
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.919.621 |
|
Profit (Loss) for the period |
349.023 |
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.690.916 |
|
Profit (Loss) for the period |
271.176 |
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.619.004 |
|
Profit (Loss) for the period |
60.604 |
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 31/12/2016 - 12 Mesi -
Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2015 - 12 Mesi -
Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2014 - 12 Mesi -
Currency: - Amounts x 1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/12/2016 |
as at 31/12/2015 |
as at 31/12/2014 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,39 |
0,43 |
0,39 |
0,17 |
|
Elasticity Ratio |
Units |
0,60 |
0,56 |
0,61 |
0,80 |
|
Availability of stock |
Units |
0,08 |
0,09 |
0,07 |
0,27 |
|
Total Liquidity Ratio |
Units |
0,52 |
0,47 |
0,54 |
0,50 |
|
Quick Ratio |
Units |
0,15 |
0,08 |
0,03 |
0,03 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,33 |
0,48 |
1,14 |
3,14 |
|
Self Financing Ratio |
Units |
0,50 |
0,47 |
0,42 |
0,19 |
|
Capital protection Ratio |
Units |
0,79 |
0,86 |
0,76 |
0,68 |
|
Liabilities consolidation quotient |
Units |
0,47 |
0,62 |
0,08 |
0,18 |
|
Financing |
Units |
0,83 |
0,96 |
1,22 |
3,79 |
|
Permanent Indebtedness Ratio |
Units |
0,65 |
0,66 |
0,46 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,15 |
0,19 |
0,04 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
0,26 |
0,41 |
0,77 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,65 |
1,52 |
1,18 |
1,75 |
|
Current ratio |
Units |
1,90 |
1,83 |
1,20 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,65 |
1,52 |
1,06 |
0,78 |
|
Structure's primary quotient |
Units |
1,27 |
1,08 |
1,08 |
1,04 |
|
Treasury's primary quotient |
Units |
0,48 |
0,27 |
0,06 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
201,12 |
213,78 |
239,17 |
518,96 |
|
Current Capital ( net ) |
Value |
1.280.195 |
1.102.849 |
506.034 |
406.983 |
|
RETURN |
|||||
|
Return on Sales |
% |
9,28 |
5,81 |
8,65 |
3,69 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
13,48 |
6,45 |
16,70 |
5,16 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
20,15 |
9,58 |
24,66 |
17,72 |
|
Return on Investment ( R.O.I. ) |
% |
11,43 |
5,86 |
10,04 |
3,94 |
|
Return/ Sales |
% |
10,37 |
5,54 |
8,48 |
4,48 |
|
Extra Management revenues/charges incid. |
% |
58,63 |
51,49 |
69,54 |
26,52 |
|
Cash Flow |
Value |
456.583 |
265.416 |
511.758 |
142.024 |
|
Operating Profit |
Value |
510.251 |
253.190 |
501.920 |
126.602 |
|
Gross Operating Margin |
Value |
667.693 |
388.235 |
664.655 |
241.461 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
117,46 |
130,44 |
116,01 |
|
Debts to suppliers average term |
Days |
n.c. |
80,05 |
97,50 |
127,79 |
|
Average stock waiting period |
Days |
26,59 |
32,20 |
21,33 |
96,89 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,10 |
1,06 |
1,18 |
1,03 |
|
Rate of stock return |
Units |
13,54 |
11,18 |
16,88 |
3,58 |
|
Labour cost incidence |
% |
9,95 |
10,56 |
8,32 |
21,20 |
|
Net financial revenues/ charges incidence |
% |
-1,28 |
-1,43 |
-1,41 |
-1,00 |
|
Labour cost on purchasing expenses |
% |
10,10 |
10,20 |
8,35 |
20,95 |
|
Short-term financing charges |
% |
3,42 |
3,42 |
3,30 |
2,70 |
|
Capital on hand |
% |
90,72 |
94,59 |
84,45 |
96,90 |
|
Sales pro employee |
Value |
328.058 |
304.434 |
394.641 |
191.520 |
|
Labour cost pro employee |
Value |
32.649 |
32.153 |
32.852 |
39.641 |
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 |
: |
200.644 |
|
Population living in the region |
: |
3.598.269 |
|
Number of families in the region |
: |
1.474.681 |
Monthly family expences average in the region (in
Eur..) :
|
- per food products |
: |
444 |
|
- per non food products |
: |
2.009 |
|
- per energy consume |
: |
122 |
Sector Data
The values are calculated on a base of 45
significant companies.
The companies cash their credits on an average of
116 dd.
The average duration of suppliers debts is about
128 dd.
The sector's profitability is on an average of
3,69%.
The labour cost affects the turnover in the measure
of 21,20%.
Goods are held in stock in a range of 97 dd.
The difference between the sales volume and the
resources used to realize it is about 1,03.
The employees costs represent the 20,95% of the
production costs.
Statistical Detrimental Data
Statistcally the trade activity shows periods of
crisis.
The area is statistically considered moderately
risky.
In the region 24.960 protested subjects are found;
in the province they count to 1.432.
The insolvency index for the region is 0,70, ,
while for the province it is 0,72.
Total Bankrupt companies in the province : 1.056.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.99 |
|
|
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
|
Euro |
1 |
INR 80.01 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.