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MIRA INFORM REPORT
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Report No. : |
504147 |
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Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
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Name : |
NKG BERO ITALIA S.P.A. |
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Registered Office : |
Piazza
San Matteo, 15/6 16123 - Genova (GE)
-IT- |
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Country : |
Italy |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
21.05.2010 |
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Legal Form : |
Joint stock company with sole shareholder |
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Line of Business : |
Wholesale of coffee |
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No. of Employees : |
From 16 to 25 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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 |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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
Nkg Bero Italia S.p.a. (Unipersonale)
Piazza San Matteo, 15/6
16123 - Genova (GE) -IT-
Summary
|
Fiscal Code |
: |
01969250990 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
07/06/2010 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
75.000.000/100.000.000 |
|
Number of Employees |
: |
from 16 to 25 |
Activity
Wholesale of coffee
Legal
Data
Legal Form : Joint stock company with sole shareholder
|
Fiscal Code : 01969250990 |
|
Chamber of Commerce no. : 449054 of Genova since 03/06/2010 |
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V.A.T. Code : 01969250990 |
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Establishment date |
: 21/05/2010 |
|
|
Start of Activities |
: 07/06/2010 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.000.000 |
|
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Subscribed Capital |
: 1.000.000 |
|
Legal mail : |
NKGBEROITALIA@PEC.IT |
Members
|
|
Baker Tilly Consulaudit S.p.a. |
|
|
Residence: |
Guido Reni |
, 2/2 |
- 40100 |
Bologna |
(BO) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
|
Auditor |
28/04/2017 |
|
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Garcia |
Juan Pablo |
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Born in Ee |
( ) |
on 02/03/1955 |
- Fiscal Code : GRCJPB55C02Z604X |
|
|
Residence: |
Caprivistrasse |
, 8 |
Ee |
- DE - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2016 |
||
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Board Chairman |
29/04/2016 |
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No Prejudicial events are reported |
|
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No Protests registered |
|
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Frontani |
Fabio |
|
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Born in Genova |
(GE) |
on 16/02/1956 |
- Fiscal Code : FRNFBA56B16D969L |
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Residence: |
Crocco Antonio |
, 14/4 D |
- 16122 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2016 |
||
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Managing Director |
29/04/2016 |
|
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No Prejudicial events are reported |
|
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No Protests registered |
|
|
Neumann Gruppe Gmbh |
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Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
21/05/2010 |
|
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No Prejudicial events are reported |
|
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No Protests registered |
|
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Michalak |
Jochen Harald |
|
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Born in Ee |
( ) |
on 22/05/1968 |
- Fiscal Code : MCHJHN68E22Z112Q |
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Residence: |
Grunes Tal |
, 37 |
Ee |
- DE - |
|
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.
|
|
Garcia |
Juan Pablo |
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Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Bero Italia s.r.l. |
Trieste (TS) - IT - |
00719740151 |
Chairman |
Withdrawn |
Registered |
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Frontani |
Fabio |
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Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
MAKE A WISH ITALIA |
Genova (GE) - IT - |
95090980103 |
Legal representative |
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 |
|
Neumann Gruppe Gmbh |
95139190102 |
100,00 |
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 |
|
San Matteo |
, 15/6 |
- 16100 |
- Genova |
(GE) |
- IT - |
|
Legal mail |
: NKGBEROITALIA@PEC.IT |
|
Employees |
: 17 |
|
Fittings and Equipment for a value of 35.000 |
Eur |
|
Stocks for a value of 16.950.000 |
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 2010
Balance sheets for the years 2014, 2015 and 2016 were analyzed.
Under the financial profile unstable results are noted. anyway in
2016 a positive result was achieved (r.o.e. 28,81%).
The operating result in 2016 was positive (14,33%) and in line
with the sector's average.
The amount of the operating result for the year 2016 is of Eur.
3.307.101 , with no sizeable change as opposed to the year before.
A gross operating margine for a value of Eur. 3.348.571 was
reached. with no sensible increase as against 2015.
The analysis shows a fair financial position as the indebtedness
volume is acceptable (3,92) and falling as against the previous year (8,18).
Subject can manage an equity capital funds for an amount of Eur.
4.574.486 with a growth of 118,04% in 2016.
The financial management has recorded total debts amounting to
Eur. 17.953.646, on the same levels as the year before.
Bank borrowings' volume is slightly high but the recourse to
suppliers' credit is modest below field's average.
The liquidity level is positive (1,28).
On average trade credits are collected in 11,85 days. , a better
value than the sector's average.
During financial year 2016 the cash flow amounted to Eur.
1.359.565
In the last financial year labour cost was of Eur. 1.284.614, with
a 1,33% incidence on total costs of production. , whereas the incidence of such
costs on sales revenues is equal to 1,3%.
If compared to the sales volume (-1,45%), 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 |
99.193.314 |
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Profit (Loss) for the period |
1.318.095 |
|
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Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
95.545.573 |
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Profit (Loss) for the period |
415.048 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
76.025.740 |
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Profit (Loss) for the period |
-127.210 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
74.509.392 |
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Profit (Loss) for the period |
165.976 |
|
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Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
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Item Type |
Value |
|
Sales |
83.002.112 |
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Profit (Loss) for the period |
968.943 |
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 |
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- Balance Sheet as at 31/12/2014 - 12 Mesi - Currency: - Amounts
x 1 |
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RATIOS
|
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 |
0,00 |
0,00 |
0,01 |
0,13 |
|
Elasticity Ratio |
Units |
1,00 |
1,00 |
0,99 |
0,85 |
|
Availability of stock |
Units |
0,73 |
0,76 |
0,62 |
0,16 |
|
Total Liquidity Ratio |
Units |
0,26 |
0,23 |
0,37 |
0,62 |
|
Quick Ratio |
Units |
0,02 |
0,00 |
0,00 |
0,03 |
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COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
3,92 |
8,18 |
9,46 |
5,02 |
|
Self Financing Ratio |
Units |
0,20 |
0,07 |
0,09 |
0,13 |
|
Capital protection Ratio |
Units |
0,49 |
0,33 |
0,48 |
0,58 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,01 |
0,01 |
0,10 |
|
Financing |
Units |
3,92 |
8,19 |
9,47 |
6,17 |
|
Permanent Indebtedness Ratio |
Units |
0,20 |
0,07 |
0,10 |
0,25 |
|
M/L term Debts Ratio |
Units |
0,01 |
0,00 |
0,01 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
3,34 |
6,64 |
6,86 |
1,16 |
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CORRELATION |
|||||
|
Fixed assets ratio |
Units |
72,19 |
26,75 |
18,89 |
1,57 |
|
Current ratio |
Units |
1,28 |
1,84 |
1,11 |
1,09 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,34 |
0,43 |
0,42 |
0,85 |
|
Structure's primary quotient |
Units |
69,84 |
25,28 |
17,87 |
0,96 |
|
Treasury's primary quotient |
Units |
0,02 |
0,00 |
0,00 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
504,52 |
1508,81 |
1066,01 |
743,68 |
|
Current Capital ( net ) |
Value |
5.046.930 |
14.351.819 |
1.822.652 |
70.465 |
|
RETURN |
|||||
|
Return on Sales |
% |
1,37 |
0,49 |
-0,11 |
1,66 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
28,81 |
19,78 |
-7,56 |
6,68 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
40,94 |
59,80 |
-6,13 |
19,39 |
|
Return on Investment ( R.O.I. ) |
% |
14,33 |
10,67 |
10,85 |
3,84 |
|
Return/ Sales |
% |
3,33 |
3,54 |
2,56 |
2,16 |
|
Extra Management revenues/charges incid. |
% |
39,86 |
12,29 |
-6,53 |
28,56 |
|
Cash Flow |
Value |
1.359.565 |
466.680 |
-85.266 |
48.046 |
|
Operating Profit |
Value |
3.307.101 |
3.378.023 |
1.946.847 |
59.910 |
|
Gross Operating Margin |
Value |
3.348.571 |
3.429.655 |
1.988.791 |
99.701 |
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MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
11,85 |
18,11 |
24,14 |
86,56 |
|
Debts to suppliers average term |
Days |
2,88 |
3,42 |
9,69 |
100,32 |
|
Average stock waiting period |
Days |
61,51 |
91,04 |
52,33 |
31,97 |
|
Rate of capital employed return ( Turnover ) |
Units |
4,30 |
3,02 |
4,24 |
1,82 |
|
Rate of stock return |
Units |
5,85 |
3,95 |
6,88 |
11,18 |
|
Labour cost incidence |
% |
1,30 |
1,29 |
1,49 |
5,95 |
|
Net financial revenues/ charges incidence |
% |
-1,45 |
-2,25 |
-2,59 |
-0,81 |
|
Labour cost on purchasing expenses |
% |
1,33 |
1,34 |
1,53 |
5,95 |
|
Short-term financing charges |
% |
8,21 |
12,73 |
12,48 |
2,18 |
|
Capital on hand |
% |
23,27 |
33,13 |
23,60 |
54,67 |
|
Sales pro employee |
Value |
2.479.832 |
2.514.357 |
2.172.164 |
507.074 |
|
Labour cost pro employee |
Value |
32.115 |
32.531 |
32.352 |
32.650 |
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 5.101 significant
companies.
The companies cash their credits on an average of 87 dd.
The average duration of suppliers debts is about 100 dd.
The sector's profitability is on an average of 1,66%.
The labour cost affects the turnover in the measure of 5,95%.
Goods are held in stock in a range of 32 dd.
The difference between the sales volume and the resources used to
realize it is about 1,82.
The employees costs represent the 5,95% 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 7.546 protested subjects are found; in the province
they count to 4.210.
The insolvency index for the region is 0,48, , while for the
province it is 0,48.
Total Bankrupt companies in the province : 3.970.
Total Bankrupt companies in the region : 7.305.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.45 |
|
|
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
|
Euro |
1 |
INR 81.31 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TRU |
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.