|
|
|
MIRA INFORM REPORT
|
Report No. : |
491441 |
|
Report Date : |
10.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ORCHIDEA PREZIOSI S.R.L. |
|
|
|
|
Registered Office : |
Via Del Gavardello, 59, 52100- Arezzo(AR)-IT |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
18.05.1988 |
|
|
|
|
Legal Form : |
Limited liability
company |
|
|
|
|
Line of Business : |
Manufacture of jewellery in precious metals o plated
with precious metals |
|
|
|
|
No. of Employees : |
From 36 to 50 |
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 (30.06.2017) |
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
|
Orchidea Preziosi S.r.l. |
|
Via |
Del Gavardello, |
59 |
|
52100 |
- Arezzo |
(AR) |
-IT- |
Summary
|
Fiscal Code |
: |
01257180511 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
15/09/1988 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
20.000.000/25.000.000 |
|
Number of Employees |
: |
from 36 to 50 |
Activity
Manufacture of jewellery in precious metals o
plated with precious metals
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 01257180511 |
|
Foreign Trade Reg. no. : AR015155 since
23/11/1995 |
|
Chamber of Commerce no. : 93628 of Arezzo since
01/07/1988 |
|
V.A.T. Code : 01257180511 |
|
Establishment date |
: 18/05/1988 |
|
|
Start of Activities |
: 15/09/1988 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.000.000 |
|
|
Subscribed Capital |
: 1.000.000 |
|
|
Paid up Capital |
: 1.000.000 |
|
Legal mail : |
ORCHIDEAPREZIOSI@PEC.IT |
Members
|
Scartoni |
Enzo |
|
Born in Arezzo |
(AR) |
on 16/05/1955 |
- Fiscal Code : SCRNZE55E16A390S |
|
Residence: |
P. Pancrazi |
, 9 |
- 52100 |
Arezzo |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Mark owner |
|||
|
Director |
01/10/2010 |
||
|
Board Chairman |
26/09/2014 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Ferrini |
Antonio |
|
Born in Arezzo |
(AR) |
on 18/03/1940 |
- Fiscal Code : FRRNTN40C18A390Z |
|
Residence: |
E.mignone |
, 15 |
- 52100 |
Arezzo |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/09/2014 |
|
Ferrini |
Carlo |
|
Born in Arezzo |
(AR) |
on 27/07/1942 |
- Fiscal Code : FRRCRL42L27A390G |
|
Residence: |
E.mignone |
, 13 |
- 52100 |
Arezzo |
(AR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Assistant board Chairman |
26/09/2014 |
|
No Prejudicial events are reported |
|
No Protests registered |
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.
|
Scartoni |
Enzo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Linea Catene S.r.l. |
Arezzo (AR) - IT - |
01895560512 |
Director |
Withdrawn |
Registered |
|
Ferrini |
Carlo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
P.m.p. S.p.a. In Liquidazione |
Arezzo (AR) - IT - |
00128950516 |
Director |
Withdrawn |
Registered |
|
P.m.p. S.p.a. In Liquidazione |
Arezzo (AR) - IT - |
00128950516 |
Liquidator |
Withdrawn |
Registered |
|
Euro-agri S.r.l. |
Arezzo (AR) - IT - |
01682070519 |
Sole Director |
Active |
Registered |
|
Italindi S.r.l. |
Arezzo (AR) - IT - |
01699730519 |
Director |
Withdrawn |
Registered |
|
Italindi S.r.l. |
Arezzo (AR) - IT - |
01699730519 |
Board Chairman |
Withdrawn |
Registered |
|
Area 51 S.r.l. |
Arezzo (AR) - IT - |
01788110516 |
Director |
Withdrawn |
Registered |
|
Area 51 S.r.l. |
Arezzo (AR) - IT - |
01788110516 |
Board Chairman |
Withdrawn |
Registered |
|
Goldlake Ip S.p.a. |
Arezzo (AR) - IT - |
01947210512 |
Director |
Withdrawn |
Registered |
|
Q-inks S.r.l. |
Arezzo (AR) - IT - |
01954530513 |
Director |
Active |
Registered |
|
Intertuscany S.r.l. |
Arezzo (AR) - IT - |
01975290519 |
Director |
Withdrawn |
Registered |
|
Bet - Bioenergy Toscana S.r.l. |
Arezzo (AR) - IT - |
01979920517 |
Director |
Withdrawn |
Registered |
|
Sugar Reef Musicology S.p.a. |
Arezzo (AR) - IT - |
01805490511 |
Director |
Withdrawn |
In liquidation |
|
Sugar Reef Musicology S.p.a. |
Arezzo (AR) - IT - |
01805490511 |
Assistant board Chairman |
Withdrawn |
In liquidation |
|
Setteponti S.a.s. Di Ferrini Carlo E C. |
Arezzo (AR) - IT - |
01193180518 |
General Partner |
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 |
|
Scartoni Enzo |
Arezzo - IT - |
SCRNZE55E16A390S |
333.333 .Eur |
33,33 |
|
Ferrini Antonio |
Arezzo - IT - |
FRRNTN40C18A390Z |
183.333 .Eur |
18,33 |
|
Salvini Simone |
SLVSMN74C23A390E |
100.000 .Eur |
10,00 |
|
|
Grotti Rodolfo |
Arezzo - IT - |
GRTRLF47E30A390O |
100.000 .Eur |
10,00 |
|
Ferrini Pietro |
Arezzo - IT - |
FRRPTR49R26A390O |
100.000 .Eur |
10,00 |
|
Ferrini Carlo |
Arezzo - IT - |
FRRCRL42L27A390G |
183.333 .Eur |
18,33 |
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 |
|
Arezzo Fiere E Congressi - S.r.l. |
Arezzo - IT - |
00212970511 |
7.350 .Eur |
0,01 |
Active |
||
|
Luxor Preziosi Srl |
04013700242 |
36.500 .Eur |
50,00 |
Active |
Firm's location and structure
In order to carry out its activities the firm uses
the following locations:
|
- |
Legal and operative seat |
|
Del Gavardello |
, 59 |
- 52100 |
- Arezzo |
(AR) |
- IT - |
|
PHONE |
: 0575382566 |
|
FAX |
: 0575984088 |
|
Legal mail |
: ORCHIDEAPREZIOSI@PEC.IT |
|
Employees |
: 40 |
|
Fittings and Equipment for a value of 620.000 |
Eur |
|
Stocks for a value of 2.920.000 |
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 firm under review, by the reported percentages,
owns the following real estates:
|
Town |
Cadastre |
No. Immovables |
Up to Date |
|
AREZZO (AR) |
Buildings |
1 |
07/02/2018 |
|
Buildings Details |
|
Cadastre |
Title |
Location |
Sheet No. |
Particle No. |
Sub No. |
Categorie |
Classe |
Consistence |
Cadastrial Rent |
Part No. |
|
B |
Proprieta' per 1/1 |
AREZZO (AR) VIA DEL GAVARDELLO, 59 Piano T-1 |
A/87 |
412 |
zona2 cat. C/3 |
7 |
1155 mq |
Euro:3.817,65 |
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 1988
The analysis is based on the latest 3 balance
sheets.
Under an economic point of view, profits were
registered during the last years with a r.o.e. of 9,96% in 2016 and during the
last financial year an increase in sales volume was registered (+7,23% in
2016).
The operating result was positive in the last
financial year (12,58%) and reflects the field's average.
An operating result of Eur. 755.173 has been
registered. increasing if compared to the yeart 2015.
During the latest financial year the gross
operating margin amounted to Eur. 897.919 growing by 30,52% if compared to the
year before.
Very good financial situation: shareholder's equity
covers short-terms debts with an indebtedness level equal to 0,05 but slighlty
increasing.
Subject can manage an equity capital funds for an
amount of Eur. 3.341.328 , stable in comparison with the value of the previous
year.
In the year 2016 total debts amounted to Eur.
2.041.317 , a more or less stable value.
Bank and suppliers credit recourse is limited, 13
gg. is payment average period below the sector's average.
The management determines a good range of
liquidity.
Trade credits average terms are 18,48 days. , lower
than the sector's average.
The financial management generated a cash flow of
Eur. 475.409.
Subordinate employment cost is of Eur. 1.238.418,
i.e. 5,87% on total production costs. , whereas 5,72% is the incidence on sales
revenues.
The incidence of the financial charges is of -1,03%
on the sales amount.
Financial Data
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
21.641.167 |
|
Profit (Loss) for the period |
332.663 |
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
20.181.530 |
|
Profit (Loss) for the period |
407.858 |
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
23.814.785 |
|
Profit (Loss) for the period |
270.503 |
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
18.429.957 |
|
Profit (Loss) for the period |
265.753 |
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
18.106.876 |
|
Profit (Loss) for the period |
132.176 |
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 |
0,12 |
0,13 |
0,15 |
0,19 |
|
Elasticity Ratio |
Units |
0,87 |
0,86 |
0,84 |
0,80 |
|
Availability of stock |
Units |
0,49 |
0,53 |
0,39 |
0,30 |
|
Total Liquidity Ratio |
Units |
0,38 |
0,33 |
0,46 |
0,45 |
|
Quick Ratio |
Units |
0,17 |
0,17 |
0,21 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,05 |
0,01 |
0,07 |
2,34 |
|
Self Financing Ratio |
Units |
0,56 |
0,54 |
0,62 |
0,23 |
|
Capital protection Ratio |
Units |
0,60 |
0,53 |
0,51 |
0,67 |
|
Liabilities consolidation quotient |
Units |
1,17 |
1,67 |
0,55 |
0,19 |
|
Financing |
Units |
0,61 |
0,65 |
0,40 |
2,93 |
|
Permanent Indebtedness Ratio |
Units |
0,80 |
0,83 |
0,75 |
0,42 |
|
M/L term Debts Ratio |
Units |
0,24 |
0,29 |
0,14 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
0,03 |
0,12 |
0,00 |
0,93 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
6,39 |
6,52 |
4,97 |
2,24 |
|
Current ratio |
Units |
4,24 |
4,96 |
3,40 |
1,39 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,86 |
1,93 |
1,84 |
0,82 |
|
Structure's primary quotient |
Units |
4,47 |
4,23 |
4,07 |
1,40 |
|
Treasury's primary quotient |
Units |
0,85 |
0,98 |
0,83 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
179,72 |
186,46 |
162,28 |
424,51 |
|
Current Capital ( net ) |
Value |
3.975.650 |
3.862.731 |
2.514.645 |
394.433 |
|
RETURN |
|||||
|
Return on Sales |
% |
2,20 |
2,65 |
1,77 |
2,17 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
9,96 |
13,56 |
10,40 |
0,73 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
15,91 |
21,28 |
17,56 |
6,79 |
|
Return on Investment ( R.O.I. ) |
% |
12,58 |
9,99 |
8,71 |
3,16 |
|
Return/ Sales |
% |
3,49 |
2,78 |
1,54 |
3,18 |
|
Extra Management revenues/charges incid. |
% |
44,05 |
72,77 |
73,61 |
10,78 |
|
Cash Flow |
Value |
475.409 |
535.279 |
420.832 |
53.639 |
|
Operating Profit |
Value |
755.173 |
560.498 |
367.503 |
72.080 |
|
Gross Operating Margin |
Value |
897.919 |
687.919 |
517.832 |
161.031 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
18,48 |
13,29 |
15,73 |
99,53 |
|
Debts to suppliers average term |
Days |
13,00 |
7,27 |
7,48 |
104,89 |
|
Average stock waiting period |
Days |
48,58 |
52,79 |
24,67 |
87,12 |
|
Rate of capital employed return ( Turnover ) |
Units |
3,60 |
3,60 |
5,64 |
1,10 |
|
Rate of stock return |
Units |
7,41 |
6,82 |
14,60 |
4,08 |
|
Labour cost incidence |
% |
5,72 |
6,08 |
4,96 |
13,32 |
|
Net financial revenues/ charges incidence |
% |
-1,03 |
0,39 |
0,35 |
-2,33 |
|
Labour cost on purchasing expenses |
% |
5,87 |
6,15 |
5,00 |
13,08 |
|
Short-term financing charges |
% |
11,20 |
0,23 |
0,53 |
4,17 |
|
Capital on hand |
% |
27,75 |
27,80 |
17,72 |
90,78 |
|
Sales pro employee |
Value |
569.504 |
531.092 |
661.521 |
252.126 |
|
Labour cost pro employee |
Value |
32.589 |
32.281 |
32.780 |
32.207 |
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 |
: |
333.385 |
|
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 591
significant companies.
The companies cash their credits on an average of
100 dd.
The average duration of suppliers debts is about
105 dd.
The sector's profitability is on an average of
2,17%.
The labour cost affects the turnover in the measure
of 13,32%.
Goods are held in stock in a range of 87 dd.
The difference between the sales volume and the
resources used to realize it is about 1,10.
The employees costs represent the 13,08% 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 2.227.
The insolvency index for the region is 0,70, ,
while for the province it is 0,67.
Total Bankrupt companies in the province : 1.151.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.37 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 78.89 |
|
Euro |
1 |
INR 78.64 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
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.