|
|
|
MIRA INFORM REPORT
|
Report No. : |
489943 |
|
Report Date : |
05.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
BRB
MARMI SRL |
|
|
|
|
Registered Office : |
Via Campi Grandi, 25 25080 – Prevalle (BS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
20.12.2012 |
|
|
|
|
Legal Form : |
Sole-Member
Limited Liability Company |
|
|
|
|
Line of Business : |
Cutting
and Carving of Stone and Marble. |
|
|
|
|
No. of Employees : |
From 6 to 10 |
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 : |
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
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 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, 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 records. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's longstanding structural impediments to growth, such as 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 late 2011. In 2015-16, Italy’s economy grew more than 0.8% each year, but picked up in 2017. In 2017, overall unemployment was 11.4%, but youth unemployment remained high at 37.1%.
|
Source
: CIA |
COMPANY
NAME AND ADDRESS
BRB MARMI SRL
Via
Campi Grandi, 25
25080
– Prevalle (BS) -IT-
Summary
|
Fiscal
Code |
: |
03481280984 |
|
Legal
Form |
: |
Sole-Member
Limited Liability Company |
|
start
of Activities |
: |
01/01/2013 |
|
Equity |
: |
500.000
|
|
Turnover
Range |
: |
2.250.000/3.000.000
|
|
Number
of Employees |
: |
fom
6 to 10 |
Activity
Cutting
and carving of stone and marble
Legal
Data
Legal
Form : Sole-Member Limited Liability Company
|
Fiscal
Code : 03481280984 |
|
Foreign
Trade Reg. no. : BS100724 since 29/01/2013 |
|
Chamber
of Commerce no. : 537889 of Brescia since 01/01/2013 |
|
V.A.T.
Code : 03481280984 |
|
Establishment
date |
:
20/12/2012 |
|
Start
of Activities |
:
01/01/2013 |
|
Legal
duration |
:
31/12/2050 |
|
Nominal
Capital |
:
80.000 |
|
Subscribed
Capital |
:
80.000 |
|
Paid
up Capital |
:
80.000 |
|
Legal
mail : |
Members
|
|
Brixia
Hdg Srl |
|
|
Residence: |
Aldo
Moro |
,
13 |
-
25124 |
Brescia |
(BS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole
partner |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Ragnoli |
Marco |
|
|
Born
in Gavardo |
(BS) |
on
14/11/1966 |
-
Fiscal Code : RGNMRC66S14D940Y |
|
|
Residence: |
Giuseppe
Garibaldi |
,
1/E |
-
25080 |
Paitone |
(BS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
20/12/2012 |
|
|
Ragnoli |
Fabio |
|
|
Born
in Brescia |
(BS) |
on
13/01/1965 |
-
Fiscal Code : RGNFBA65A13B157N |
|
|
Residence: |
Fontane |
,
5 |
-
25080 |
Paitone |
(BS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
20/12/2012 |
|
|
Piccoli |
Giovanni |
|
|
Born
in Monteforte d'Alpone |
(VR) |
on
20/01/1944 |
-
Fiscal Code : PCCGNN44A20F508Z |
|
|
Residence: |
Don
Luigi Bodini |
,
3 |
-
37023 |
Grezzana |
(VR) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
20/12/2012 |
|
|
Tedoldi |
Agnese
Nadia |
|
|
Born
in Brescia |
(BS) |
on
13/09/1951 |
-
Fiscal Code : TDLGSN51P53B157A |
|
|
Residence: |
Don
Luigi Bodini |
,
3 |
-
37023 |
Grezzana |
(VR) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Board
Chairman |
20/12/2012 |
||
|
Director |
20/12/2012 |
||
|
Managing
Director |
01/01/2013 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Piccoli |
Giovanna |
|
|
Born
in Verona |
(VR) |
on
14/09/1974 |
-
Fiscal Code : PCCGNN74P54L781T |
|
|
Residence: |
Don
Luigi Bodini |
,
3 |
-
37023 |
Grezzana |
(VR) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
20/12/2012 |
|
|
Piccoli |
Michele |
|
|
Born
in Verona |
(VR) |
on
07/08/1972 |
-
Fiscal Code : PCCMHL72M07L781K |
|
|
Residence: |
Papa
Paolo Vi |
,
39 |
-
25015 |
Desenzano
del Garda |
(BS) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
20/12/2012 |
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.
|
|
Tedoldi |
Agnese
Nadia |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Brixia
Hdg Srl |
Brescia
(BS) - IT - |
01847280987 |
Director |
Active |
Registered |
|
Brixia
Hdg Srl |
Brescia
(BS) - IT - |
01847280987 |
Managing
Director |
Active |
Registered |
|
Sunflower
S.r.l. |
Brescia
(BS) - IT - |
02049570233 |
Director |
Withdrawn |
Registered |
|
Sunflower
S.r.l. |
Brescia
(BS) - IT - |
02049570233 |
Board
Chairman |
Withdrawn |
Registered |
|
Stella
Del Nord Srl |
Prevalle
(BS) - IT - |
02751050986 |
Director |
Active |
Registered |
|
Stella
Del Nord Srl |
Prevalle
(BS) - IT - |
02751050986 |
Managing
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 |
|
Brixia
Hdg Srl |
Brescia
- IT - |
01847280987 |
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 |
|
Campi
Grandi |
,
25 |
-
25080 |
-
Prevalle |
(BS) |
-
IT - |
|
Legal
mail |
:
BRBMARMI.SRL@PEC.IT |
|
Employees |
:
6 |
|
Stocks
for a value of 83.000 |
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 2013
The
analysis is based on the latest 3 balance sheets.
During
the last years, it achieved profits (r.o.e. 11,19% on 2016)
The
operating result in 2016 was positive (7,13%) falling within the field's
average.
The amount of the operating result for the
year 2016 is of Eur. 79.334 recording a drop as opposed to the year before
(-37,06%).
The gross operating margin of the latest
financial year is of Eur. 111.354 showing a drop (-30,86%).
The company has an excellent net worth if
compared to its debts, with a low indebtedness (0,03) and with an upward trend
compared to the previous year.
It's shareholders funds amount to Eur.
403.730 on the same levels as the year before.
In the year 2016 total debts amounted to Eur.
595.598 with a downward trend if compared to the preceding year (-32,05%).
Current liquid assets is positive.
During financial year 2016 the cash flow
amounted to Eur. 77.198
In the last financial year labour cost was of
Eur. 187.895, with a 7,11% incidence on total costs of production. , whereas
6,91% is the incidence on sales revenues.
Limited financial charges in relation to
sales volume.
Financial
Data
|
|
Complete
balance-sheet for the year |
al
31/12/2016 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
2.718.555 |
|
Profit
(Loss) for the period |
45.178 |
|
|
Complete
balance-sheet for the year |
al
31/12/2015 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
3.101.599 |
|
Profit
(Loss) for the period |
78.573 |
|
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
2.313.081 |
|
Profit
(Loss) for the period |
15.546 |
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
2.677.513 |
|
Profit
(Loss) for the period |
15.273 |
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 |
0,07 |
0,07 |
0,08 |
0,29 |
|
Elasticity
Ratio |
Units |
0,93 |
0,93 |
0,92 |
0,69 |
|
Availability
of stock |
Units |
0,07 |
0,06 |
0,26 |
0,23 |
|
Total
Liquidity Ratio |
Units |
0,85 |
0,87 |
0,66 |
0,41 |
|
Quick
Ratio |
Units |
0,45 |
0,36 |
0,28 |
0,01 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
0,03 |
0,61 |
1,28 |
1,78 |
|
Self
Financing Ratio |
Units |
0,36 |
0,27 |
0,17 |
0,27 |
|
Capital
protection Ratio |
Units |
0,69 |
0,56 |
0,66 |
0,69 |
|
Liabilities
consolidation quotient |
Units |
0,30 |
0,32 |
0,56 |
0,23 |
|
Financing |
Units |
1,48 |
2,44 |
4,36 |
2,41 |
|
Permanent
Indebtedness Ratio |
Units |
0,50 |
0,43 |
0,46 |
0,46 |
|
M/L
term Debts Ratio |
Units |
0,13 |
0,17 |
0,28 |
0,13 |
|
Net
Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,98 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
6,80 |
6,17 |
5,59 |
1,51 |
|
Current
ratio |
Units |
2,03 |
1,79 |
1,82 |
1,20 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
1,86 |
1,67 |
1,30 |
0,75 |
|
Structure's
primary quotient |
Units |
4,96 |
3,78 |
2,12 |
0,83 |
|
Treasury's
primary quotient |
Units |
0,98 |
0,69 |
0,56 |
0,02 |
|
Rate
of indebtedness ( Leverage ) |
% |
275,50 |
377,06 |
574,01 |
366,48 |
|
Current
Capital ( net ) |
Value |
521.764 |
553.515 |
663.178 |
233.017 |
|
RETURN |
|||||
|
Return
on Sales |
% |
2,84 |
3,66 |
1,88 |
3,37 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
11,19 |
21,91 |
5,55 |
3,34 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
16,84 |
32,60 |
9,74 |
11,22 |
|
Return
on Investment ( R.O.I. ) |
% |
7,13 |
9,32 |
2,13 |
4,00 |
|
Return/
Sales |
% |
2,92 |
4,06 |
1,48 |
4,88 |
|
Extra
Management revenues/charges incid. |
% |
56,95 |
62,33 |
45,37 |
19,82 |
|
Cash
Flow |
Value |
77.198 |
113.564 |
43.399 |
65.183 |
|
Operating
Profit |
Value |
79.334 |
126.066 |
34.264 |
108.595 |
|
Gross
Operating Margin |
Value |
111.354 |
161.057 |
62.117 |
167.146 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
n.c. |
n.c. |
n.c. |
131,41 |
|
Debts
to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
111,40 |
|
Average
stock waiting period |
Days |
10,95 |
9,69 |
65,60 |
96,30 |
|
Rate
of capital employed return ( Turnover ) |
Units |
2,44 |
2,29 |
1,44 |
0,84 |
|
Rate
of stock return |
Units |
32,89 |
37,14 |
5,49 |
3,72 |
|
Labour
cost incidence |
% |
6,91 |
5,79 |
8,02 |
14,94 |
|
Net
financial revenues/ charges incidence |
% |
-0,42 |
-0,31 |
-0,62 |
-2,29 |
|
Labour
cost on purchasing expenses |
% |
7,11 |
6,16 |
8,22 |
14,35 |
|
Short-term
financing charges |
% |
1,96 |
1,88 |
1,34 |
3,61 |
|
Capital
on hand |
% |
40,91 |
43,59 |
69,48 |
118,11 |
|
Sales
pro employee |
Value |
543.711 |
620.319 |
462.616 |
209.056 |
|
Labour
cost pro employee |
Value |
37.579 |
35.893 |
37.098 |
33.287 |
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 588 significant companies.
The
companies cash their credits on an average of 131 dd.
The
average duration of suppliers debts is about 111 dd.
The
sector's profitability is on an average of 3,37%.
The
labour cost affects the turnover in the measure of 14,94%.
Goods
are held in stock in a range of 96 dd.
The
difference between the sales volume and the resources used to realize it is
about 0,84.
The
employees costs represent the 14,35% of the production costs.
Statistical
Detrimental Data
Statistically
the trade activity shows periods of crisis.
The
area is statistically considered moderately risky.
In
the region 50.886 protested subjects are found; in the province they count to
5.551.
The
insolvency index for the region is 0,55, , while for the province it is 0,48.
Total
Bankrupt companies in the province : 3.452.
Total
Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.08 |
|
|
1 |
INR 91.34 |
|
Euro |
1 |
INR 80.03 |
|
EUR |
1 |
INR 79.72 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.