|
|
|
MIRA INFORM REPORT
|
Report No. : |
504057 |
|
Report Date : |
14.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
BONETTI S.R.L |
|
|
|
|
Registered Office : |
Via Enrico Cernuschi, 6, 20900 -
Monza(MB)-IT |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
31.12.1999 |
|
|
|
|
Legal Form : |
Limited liability
company |
|
|
|
|
Line of Business : |
Manufacture of machinery for the plastic and
rubber industry (including spare parts and accessories) |
|
|
|
|
No. of Employees : |
From 51 to 70 |
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 |
Acceptable Risk |
Business dealings permissible with
moderate 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
|
Bonetti S.r.l. |
|
Via |
Enrico Cernuschi, |
6 |
|
20900 |
- Monza |
(MB) |
-IT- |
Summary
|
Fiscal Code |
: |
02930410960 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
31/12/1999 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
5.000.000/6.500.000 |
|
Number of Employees |
: |
from 51 to 70 |
Activity
Manufacture of machinery for the plastic and rubber
industry (including spare parts and accessories)
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 02930410960 |
|
Foreign Trade Reg. no. : MB041247 since
20/01/2000 |
|
Chamber of Commerce no. : 415665 of Brescia |
|
Chamber of Commerce no. : 1602798 of Monza e
Brianza since 20/07/2007 |
|
Chamber of Commerce no. : 1602798 of Milano |
|
Firms' Register : MI-2000-2739 of Milano |
|
V.A.T. Code : 02930410960 |
|
Establishment date |
: 31/12/1999 |
|
|
Start of Activities |
: 31/12/1999 |
|
|
Legal duration |
: 31/12/2080 |
|
|
Nominal Capital |
: 500.000 |
|
|
Subscribed Capital |
: 500.000 |
|
|
Paid up Capital |
: 500.000 |
|
Legal mail : |
INFO@PEC.BONETTI-BUTTONS.IT |
Members
|
Bonetti |
Dario |
|
Born in Rudiano |
(BS) |
on 04/08/1938 |
- Fiscal Code : BNTDRA38M04H630C |
|
Residence: |
G. Marconi |
, 15 |
- 25030 |
Rudiano |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2016 |
|
Bonetti Invest S.r.l. |
|
: |
Lavoro E Industria |
, 1200 |
- 25030 |
Rudiano |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Bonetti |
Luca Luigi |
|
Born in Rudiano |
(BS) |
on 29/01/1965 |
- Fiscal Code : BNTLLG65A29H630O |
|
Residence: |
Aldo Moro |
, 65 |
- 25030 |
Rudiano |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2016 |
||
|
Board Chairman |
29/04/2016 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Bonassi |
Bruno |
|
Born in Chiari |
(BS) |
on 19/06/1954 |
- Fiscal Code : BNSBRN54H19C618K |
|
Residence: |
Della Loggia |
, 42 |
- 25030 |
Rudiano |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2016 |
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.
|
Bonetti |
Luca Luigi |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Gremolith Italia S.r.l. |
Rudiano (BS) - IT - |
04470220155 |
Sole Director |
Active |
Registered |
|
Immobiliare Sali Di Bario S.r.l. |
Milano (MI) - IT - |
05887210150 |
Sole Director |
Active |
Registered |
|
Bottonificio Bonetti Francesco S.r.l. |
Rudiano (BS) - IT - |
01556390985 |
Sole Director |
Active |
Registered |
|
Bai Srl |
Orzinuovi (BS) - IT - |
01709750986 |
Sole Director |
Active |
Registered |
|
Bonetti Invest S.r.l. |
Rudiano (BS) - IT - |
00285230173 |
Sole Director |
Active |
Registered |
|
Tarini' S.r.l. |
Chiari (BS) - IT - |
03022350981 |
Sole Director |
Active |
Registered |
|
Lafis S.r.l. |
Milano (MI) - IT - |
07038490962 |
Sole Director |
Active |
Registered |
|
S.t.m. S.r.l. |
Orzinuovi (BS) - IT - |
03858760980 |
Sole Director |
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 |
|
Bonetti Vincenzo |
Rudiano - IT - |
BNTVCN58B13H630R |
21.785 .Eur |
4,35 |
|
Rioda S.r.l. |
Orzinuovi - IT - |
02955170176 |
43.570 .Eur |
8,71 |
|
Bonetti Invest S.r.l. |
Rudiano - IT - |
00285230173 |
392.855 .Eur |
78,57 |
|
Bonetti Luca Luigi |
Rudiano - IT - |
BNTLLG65A29H630O |
21.785 .Eur |
4,35 |
|
Cominardi Vittorio |
CMNVTR64R22G264T |
4.445 .Eur |
0,88 |
|
|
Cominardi Alfredo |
CMNLRD68T12G264Y |
4.445 .Eur |
0,88 |
|
|
Cominardi Elena |
CMNLNE75E56G264T |
4.445 .Eur |
0,88 |
|
|
Vavassori Anna |
VVSNNA38C42H630B |
6.670 .Eur |
1,33 |
Direct Participations
The Company under review has no participations in
other Companies.
Firm's location and structure
In order to carry out its activities the firm uses
the following locations:
|
- |
Legal and operative seat |
|
Enrico Cernuschi |
, 6 |
- 20052 |
- Monza |
(MB) |
- IT - |
|
Legal mail |
: INFO@PEC.BONETTI-BUTTONS.IT |
|
- |
Branch |
(Factory) |
since 31/12/1999 |
|
Lavoro E Industria |
, 1200 |
- 25030 |
- Rudiano |
(BS) |
- IT - |
|
PHONE |
: 030716361 |
|
Employees |
: 56 |
|
Fittings and Equipment for a value of 620.000 |
Eur |
|
Stocks for a value of 2.160.000 |
Eur |
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 requested subject is not present c/o the
CADASTRE OFFICES. |
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
Subject is active since 1999
An eco-fin analysis has been made on the base od
the b/s fo the years 2014, 2015 and 2016.
Under the financial profile unstable results are
noted. with a loss in the last financial year. In the last financial year a
drop in sales has been registered (-23,77%).
The operating result in 2016 was positive (0,14%)
and in line with the sector's average.
The operating result is positive and amounts to
Eur. 12.554 recording a drop as opposed to the year before (-97,52%).
The gross operating margin of the latest financial
year is of Eur. 188.202 showing a downward trend as opposed to the previous
year.
The company has an excellent net worth if compared
to its debts, with a low indebtedness (0,84) and with an upward trend compared
to the previous year.
Subject can manage an equity capital funds for an
amount of Eur. 3.946.262 on the same levels as the year before.
In the year 2016 total debts amounted to Eur.
3.964.905 , with a fall of -23,67%.
Moderate recourse to bank credit while the exposure
towards suppliers is rather high but lined up with the field's average.
Liquidity is good (2,19)
Trade credits are collected slowly, average term is
311,23 days. also in relation to the average of the sector.
The financial management generated a cash flow of
Eur. 152.398.
Labour cost amounts to Eur. 2.443.229, with a
35,17% incidence on production costs. and a 38,39% incidence on sales volumes.
If compared to the sales volume (-0,52%), the
impact of the financial charges is limited.
Financial Data
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.363.620 |
|
Profit (Loss) for the period |
-23.250 |
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.348.792 |
|
Profit (Loss) for the period |
64.744 |
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.071.329 |
|
Profit (Loss) for the period |
-550.284 |
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.177.042 |
|
Profit (Loss) for the period |
-93.062 |
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.923.282 |
|
Profit (Loss) for the period |
5.882 |
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 |
|
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|
|
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 |
0,08 |
0,08 |
0,07 |
0,18 |
|
Elasticity Ratio |
Units |
0,92 |
0,92 |
0,93 |
0,80 |
|
Availability of stock |
Units |
0,24 |
0,16 |
0,14 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,68 |
0,76 |
0,79 |
0,48 |
|
Quick Ratio |
Units |
0,05 |
0,10 |
0,04 |
0,03 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,84 |
0,94 |
1,00 |
3,25 |
|
Self Financing Ratio |
Units |
0,43 |
0,38 |
0,39 |
0,19 |
|
Capital protection Ratio |
Units |
0,88 |
0,86 |
1,01 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,16 |
0,20 |
0,23 |
0,19 |
|
Financing |
Units |
1,00 |
1,31 |
1,20 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,50 |
0,47 |
0,49 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,07 |
0,09 |
0,10 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,34 |
0,47 |
0,68 |
0,63 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
6,14 |
6,13 |
7,54 |
1,75 |
|
Current ratio |
Units |
2,19 |
2,01 |
2,15 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,63 |
1,67 |
1,82 |
0,81 |
|
Structure's primary quotient |
Units |
5,31 |
4,94 |
6,03 |
1,03 |
|
Treasury's primary quotient |
Units |
0,13 |
0,22 |
0,09 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
231,10 |
262,65 |
253,25 |
516,42 |
|
Current Capital ( net ) |
Value |
4.546.384 |
4.820.453 |
4.935.995 |
422.465 |
|
RETURN |
|||||
|
Return on Sales |
% |
2,39 |
2,58 |
-5,78 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-0,59 |
1,63 |
-14,09 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-0,53 |
2,61 |
-13,26 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
0,14 |
4,87 |
-5,54 |
4,16 |
|
Return/ Sales |
% |
0,20 |
6,08 |
-7,75 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
-185,20 |
12,75 |
n.c. |
28,57 |
|
Cash Flow |
Value |
152.398 |
215.324 |
-408.999 |
122.482 |
|
Operating Profit |
Value |
12.554 |
507.598 |
-547.696 |
144.752 |
|
Gross Operating Margin |
Value |
188.202 |
658.178 |
-406.411 |
241.990 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
311,23 |
290,00 |
362,99 |
111,85 |
|
Debts to suppliers average term |
Days |
143,92 |
106,05 |
84,28 |
128,30 |
|
Average stock waiting period |
Days |
122,30 |
70,83 |
72,89 |
80,43 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,70 |
0,80 |
0,72 |
1,08 |
|
Rate of stock return |
Units |
2,94 |
5,08 |
4,94 |
4,45 |
|
Labour cost incidence |
% |
38,39 |
29,71 |
35,09 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
-0,52 |
-0,25 |
0,42 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
35,17 |
30,27 |
30,36 |
19,02 |
|
Short-term financing charges |
% |
0,87 |
0,69 |
n.c. |
2,68 |
|
Capital on hand |
% |
143,31 |
124,88 |
139,84 |
91,91 |
|
Sales pro employee |
Value |
83.731 |
108.425 |
91.835 |
198.432 |
|
Labour cost pro employee |
Value |
32.147 |
32.216 |
32.222 |
35.779 |
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 |
: |
9.393.092 |
|
Population living in the region |
: |
0 |
|
Number of families in the region |
: |
0 |
Monthly family expences average in the region (in
.) :
|
- per food products |
: |
0 |
|
- per non food products |
: |
0 |
|
- per energy consume |
: |
0 |
Sector Data
The values are calculated on a base of 1.206
significant companies.
The companies cash their credits on an average of
112 dd.
The average duration of suppliers debts is about
128 dd.
The sector's profitability is on an average of
3,35%.
The labour cost affects the turnover in the measure
of 19,12%.
Goods are held in stock in a range of 80 dd.
The difference between the sales volume and the
resources used to realize it is about 1,08.
The employees costs represent the 19,02% of the
production costs.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.22 |
|
|
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
|
Euro |
1 |
INR 80.51 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
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.