|
|
|
MIRA INFORM REPORT
|
Report No. : |
491423 |
|
Report Date : |
12.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
CITTERIO S.P.A |
|
|
|
|
Registered Office : |
Via S.vittore, 47, 20123 - Milano (MI)-IT |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
03.07.1989 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacture of furniture |
|
|
|
|
No. of Employees : |
From 91 to 110 |
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 : |
Slow |
|
|
|
|
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
|
Citterio S.p.a. |
|
Via |
S.vittore, |
47 |
|
20123 |
- Milano |
(MI) |
-IT- |
Summary
|
Fiscal Code |
: |
09754660158 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
03/07/1989 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
15.500.000/18.000.000 |
|
Number of Employees |
: |
from 91 to 110 |
Activity
MANUFACTURE OF FURNITURE
Legal Data
Legal Form : Joint stock
company
|
Fiscal Code : 09754660158 |
|
Foreign Trade Reg. no. :
MI152062 since 09/04/1992 |
|
Chamber of Commerce no. :
221815 of Lecco |
|
Chamber of Commerce no. :
1315033 of Milano since 21/08/1989 |
|
Chamber of Commerce no. :
310600 of Reggio Emilia |
|
Chamber of Commerce no. :
221815 of Lecco |
|
Firms' Register : MI146-295532
of Milano since 19/02/1996 |
|
V.A.T. Code : 09754660158 |
|
Foundation date |
: 03/07/1989 |
|
|
Establishment date |
: 03/07/1989 |
|
|
Start of Activities |
: 03/07/1989 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 5.150.000 |
|
|
Subscribed Capital |
: 5.150.000 |
|
|
Paid up Capital |
: 5.150.000 |
|
Legal mail : |
CITTERIO@PEC.CITTERIOSPA.EU |
Members
|
Molteni |
Maria Angela |
|
Born in Milano |
(MI) |
on 23/09/1957 |
- Fiscal Code :
MLTMNG57P63F205K |
|
Residence: |
Lecco |
, 29 |
- 20900 |
Monza |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/05/2016 |
||
|
Board Chairman |
24/05/2016 |
|
No Prejudicial events are
reported |
|
No Protests registered |
|
Marinelli |
Gianfranco |
|
Born in Morbegno |
(SO) |
on 28/11/1943 |
- Fiscal Code :
MRNGFR43S28F712I |
|
Residence: |
Delle Ginestre |
, 1 |
- 22070 |
Lurago Marinone |
(CO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/07/2017 |
|
Molteni |
Carlo |
|
Born in Giussano |
(MB) |
on 03/03/1943 |
- Fiscal Code :
MLTCRL43C03E063C |
|
Residence: |
Del Ronco |
, 26 |
- 22060 |
Carimate |
(CO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/05/2016 |
|
Molteni |
Piero |
|
Born in Giussano |
(MB) |
on 12/05/1945 |
- Fiscal Code :
MLTPRI45E12E063R |
|
Residence: |
Visconti Di Modrone Uberto |
, 38 |
- 20122 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/05/2016 |
|
Molteni S.p.a. |
|
Residence: |
S.vittore |
, 47 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
No Prejudicial events are
reported |
|
No Protests registered |
|
Veggetti |
Vittorio |
|
Born in Bologna |
(BO) |
on 08/11/1962 |
- Fiscal Code :
VGGVTR62S08A944J |
|
Residence: |
Foppa |
, 4 |
- 24030 |
Bergamo |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
05/11/2013 |
|
No Prejudicial events are
reported |
|
No Protests registered |
|
Tentorio |
Franco |
|
Born in Lecco |
(CO) |
on 22/10/1961 |
- Fiscal Code :
TNTFNC61R22E507D |
|
Residence: |
Coubertin |
, 4/17 |
- 23848 |
Oggiono |
(LC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
19/05/2005 |
||
|
Procurator |
04/05/2009 |
|
No Prejudicial events are
reported |
|
No Protests registered |
|
Citterio |
Antonio |
|
Born in Giussano |
(MB) |
on 11/09/1934 |
- Fiscal Code :
CTTNTN34P11E063H |
|
Residence: |
Don Minzoni |
, 4 |
- 20034 |
Giussano |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/05/2016 |
||
|
Managing Director |
24/05/2016 |
|
No Prejudicial events are
reported |
|
No Protests registered |
|
Molteni |
Andrea Angelo Mario |
|
Born in Milano |
(MI) |
on 07/12/1977 |
- Fiscal Code :
MLTNRN77T07F205Z |
|
Residence: |
Brera |
, 9 |
- 20121 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/05/2016 |
|
Citterio |
Maria Rita |
|
Born in Giussano |
(MB) |
on 22/05/1964 |
- Fiscal Code :
CTTMRT64E62E063E |
|
Residence: |
Piave |
, 23/12 |
- 23848 |
Oggiono |
(LC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/05/2016 |
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.
|
Molteni |
Maria Angela |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Molteni E C.- S.p.a. |
Giussano (MB) - IT - |
00809720154 |
Director |
Active |
Registered |
|
Unifor S.p.a. |
Turate (CO) - IT - |
00387130131 |
Director |
Active |
Registered |
|
Dada S.p.a. |
Mesero (MI) - IT - |
00791170152 |
Director |
Active |
Registered |
|
Mobilrama S.p.a. |
Milano (MI) - IT - |
00492510581 |
Director |
Active |
Registered |
|
Molteni S.p.a. |
Milano (MI) - IT - |
05856280150 |
Director |
Active |
Registered |
|
Iscon S.a.s. Di Giuseppina
Ballabio E C. |
Carate Brianza (MB) - IT - |
01556520151 |
Limited Partner |
Withdrawn |
Ceased |
|
Mobilrama Societa' Per
Azioni |
Milano (MI) - IT - |
Director |
Active |
Registered |
|
|
I.m.a. Srl |
Milano (MI) - IT - |
01551810151 |
Sole Director |
Withdrawn |
Ceased |
|
Sanmarco S.r.l. |
Milano (MI) - IT - |
09577900963 |
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 |
|
Molteni Maria Angela |
Monza - IT - |
MLTMNG57P63F205K |
1 .Eur |
|
|
Molteni S.p.a. |
Milano - IT - |
05856280150 |
3.243.236 .Eur |
62,97 |
|
Veggetti Vittorio |
Bergamo - IT - |
VGGVTR62S08A944J |
150.000 .Eur |
2,91 |
|
Citterio Antonio |
Giussano - IT - |
CTTNTN34P11E063H |
2 .Eur |
|
|
MOLTENI CARLO |
CARIMATE - IT - |
MLTCRL43C03E063C |
1 .Eur |
|
|
Molteni Andrea Angelo Mario |
Milano - IT - |
MLTNRN77T07F205Z |
1 .Eur |
|
|
CITTERIO DAVIDE |
CTTDVD67R07F704C |
439.189 .Eur |
8,52 |
|
|
CITTERIO GIOVANNA |
CTTGNN64H60F704V |
439.189 .Eur |
8,52 |
|
|
Citterio Maria Rita |
Oggiono - IT - |
CTTMRT64E62E063E |
292.793 .Eur |
5,68 |
|
Citterio Marzio |
Madrid - ES - |
CTTMRZ60H09E063Y |
292.792 .Eur |
5,68 |
|
MOLTENI PIERO |
Monza - IT - |
MLTPRI45E12E063R |
1 .Eur |
|
|
Citterio Flavia |
CTTFLV57L70E063O |
292.793 .Eur |
5,68 |
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 |
since 24/09/1992 |
|
S.vittore |
, 47 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
PHONE |
: 031853545 |
|
FAX |
: 031853729 |
|
Legal mail |
:
CITTERIO@PEC.CITTERIOSPA.EU |
|
- |
Branch |
(Factory) |
since 28/12/1989 |
|
Don Giuseppe Brambilla |
, 16/18 |
- 22040 |
- Sirone |
(LC) |
- IT - |
|
- |
Branch |
(Sales office) |
since 02/03/2017 |
|
Antonio Gramsci |
, 88/D |
- 42100 |
- Reggio Emilia |
(RE) |
- IT - |
|
Employees |
: 92 |
|
Fittings and Equipment for a
value of 1.710.000 |
Eur |
|
Stocks for a value of
4.590.000 |
Eur |
The firm operates abroad as
exporter..
Export represents up to 20% of
the global turnover.
Products abroad are placed by
:
|
- its own sales net-work |
Export is mainly towards:
|
- Italy |
|
- France |
Historical Information and/or
Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
24/02/1999 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
CITTERIO SRL |
CITTERIO SPA |
24/02/1999 |
CEASINGS/INCORPORATIONS/MERGES:
|
The firm absorbed by merging
of |
|
Citterio S.p.a. |
|
S.vittore |
, 47 |
, 20123 |
, Milano |
(MI) |
- IT - |
|
Date |
: |
28/12/1989 |
|
The firm absorved |
|
Citterio S.p.a. |
|
S.vittore |
, 47 |
, 20123 |
, Milano |
(MI) |
- IT - |
|
Date |
: |
28/12/1989 |
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 |
|
SIRONE (LC) |
Buildings |
1 |
07/02/2018 |
|
SIRONE (LC) |
Land |
37 |
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 |
SIRONE (LC) VIA DON GIUSEPPE
BRAMBILLA, 16 Piano T-1 |
7 |
2997 |
701 |
cat. D/1 |
Euro: 124.568,00 |
|
Land Details |
|
Cadastre |
Title |
Location |
Sheet No. |
Particle No. |
Sub No. |
Category |
Class |
Consistence |
Cadastrial Rent |
Part No. |
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
1131 |
SEMINATIVO |
3 |
9 are 80 ca |
R.D.Euro:3,29 R.A. Euro:
3,54 |
898 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
1134 |
SEMIN ARBOR |
2 |
36 are 20 ca |
R.D.Euro:15,89 R.A. Euro:
16,83 |
482 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
1146 |
SEMINATIVO |
3 |
10 are 70 ca |
R.D.Euro:3,59 R.A. Euro:
3,87 |
898 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
1149 |
SEMIN ARBOR |
3 |
14 are 40 ca |
R.D.Euro:4,83 R.A. Euro:
5,21 |
493 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
1714 |
PRATO |
2 |
16 are 70 ca |
R.D.Euro:9,49 R.A. Euro:
7,76 |
898 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
1921 |
SEMIN ARBOR |
3 |
10 ca |
R.D.Euro:0,03 R.A. Euro:
0,04 |
898 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
2192 |
SEMIN ARBOR |
2 |
3 are 75 ca |
R.D.Euro:1,65 R.A. Euro:
1,74 |
||
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
2320 |
SEMIN ARBOR |
2 |
1 are 60 ca |
R.D.Euro:0,70 R.A. Euro:
0,74 |
157 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
2468 |
SEMIN ARBOR |
2 |
8 are 64 ca |
R.D.Euro:3,79 R.A. Euro:
4,02 |
||
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
2469 |
SEMIN ARBOR |
2 |
27 are 59 ca |
R.D.Euro:12,11 R.A. Euro:
12,82 |
||
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
2470 |
SEMIN ARBOR |
2 |
9 are 32 ca |
R.D.Euro:4,09 R.A. Euro:
4,33 |
||
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
2501 |
SEMIN ARBOR |
2 |
3 are 70 ca |
R.D.Euro:1,62 R.A. Euro:
1,72 |
||
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
2507 |
SEMIN ARBOR |
3 |
5 are 42 ca |
R.D.Euro:1,82 R.A. Euro:
1,96 |
||
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
2508 |
SEMIN ARBOR |
3 |
19 are 68 ca |
R.D.Euro:6,61 R.A. Euro:
7,11 |
||
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
2516 |
SEMIN ARBOR |
2 |
11 are 90 ca |
R.D.Euro:5,22 R.A. Euro:
5,53 |
||
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
2517 |
SEMIN ARBOR |
2 |
7 are 50 ca |
R.D.Euro:3,29 R.A. Euro:
3,49 |
||
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
2527 |
SEMIN ARBOR |
2 |
12 are 70 ca |
R.D.Euro:5,58 R.A. Euro:
5,90 |
||
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
2528 |
SEMIN ARBOR |
2 |
9 are 40 ca |
R.D.Euro:4,13 R.A. Euro:
4,37 |
||
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
2990 |
SEMIN ARBOR |
2 |
5 are 70 ca |
R.D.Euro:2,50 R.A. Euro:
2,65 |
||
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
2996 |
PRATO ARBOR |
2 |
1 are 20 ca |
R.D.Euro:0,68 R.A. Euro:
0,56 |
||
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
303 |
SEMIN ARBOR |
2 |
12 are 70 ca |
R.D.Euro:5,58 R.A. Euro:
5,90 |
482 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
493 |
SEMINATIVO |
3 |
21 are 10 ca |
R.D.Euro:7,08 R.A. Euro:
7,63 |
506 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
504 |
SEMINATIVO |
2 |
12 are 50 ca |
R.D.Euro:4,84 R.A. Euro:
5,16 |
898 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
548 |
SEMIN ARBOR |
3 |
25 are 20 ca |
R.D.Euro:8,46 R.A. Euro:
9,11 |
898 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
549 |
SEMIN ARBOR |
3 |
21 are 60 ca |
R.D.Euro:7,25 R.A. Euro:
7,81 |
898 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
550 |
SEMIN ARBOR |
2 |
22 are 30 ca |
R.D.Euro:9,79 R.A. Euro:
10,37 |
898 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
553 |
SEMIN ARBOR |
2 |
40 are |
R.D.Euro:17,56 R.A. Euro:
18,59 |
482 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
555 |
PRATO |
2 |
18 are 30 ca |
R.D.Euro:10,40 R.A. Euro:
8,51 |
1590 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
610 |
SEMIN ARBOR |
3 |
34 are 60 ca |
R.D.Euro:11,62 R.A. Euro:
12,51 |
482 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
613 |
SEMIN ARBOR |
3 |
22 are 20 ca |
R.D.Euro:7,45 R.A. Euro:
8,03 |
482 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
625 |
SEMIN ARBOR |
3 |
17 are |
R.D.Euro:5,71 R.A. Euro:
6,15 |
493 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
626 |
SEMINATIVO |
3 |
12 are 40 ca |
R.D.Euro:4,16 R.A. Euro:
4,48 |
493 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
889 |
SEMINATIVO |
2 |
25 are 70 ca |
R.D.Euro:9,95 R.A. Euro:
10,62 |
898 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
890 |
SEMIN ARBOR |
2 |
10 are |
R.D.Euro:4,39 R.A. Euro:
4,65 |
493 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
892 |
SEMIN ARBOR |
3 |
1 ha 1 are 40 ca |
R.D.Euro:34,04 R.A. Euro:
36,66 |
898 |
|
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
943 |
SEMINATIVO |
3 |
23 are 40 ca |
R.D.Euro:7,86 R.A. Euro:
8,46 |
||
|
L |
Proprieta' per 1/1 |
SIRONE (LC) |
9 |
948 |
PRATO ARBOR |
3 |
8 are 80 ca |
R.D.Euro:3,64 R.A. Euro:
3,18 |
898 |
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
The company is active since
1989
Balance sheets for the years
2014, 2015 and 2016 were analyzed.
Under an economic point of
view, profits were registered during the last years with a r.o.e. of 0,41% in
2016
The operating result was
positive in the last financial year (0,83%) and in line with the sector's
average.
The operating result is
positive and amounts to Eur. 232.130 with a -25,41% drop.
The G.O.M. amounted to Eur.
1.284.720 , stable if compared to the year before.
The company has an excellent
net worth if compared to its debts, with a low indebtedness (0,77) increasing
compared to last year (0,65)
The equity capital is equal to
Eur. 13.803.192 on the same levels as the year before.
In the year 2016 total debts
amounted to Eur. 12.576.302 , with no sensible variation.
The company does not exceed in
bank credits; payments average period is instead slightly high (143,84 gg.)
even in comparison with the sector's.
The available funds are good.
Trade credits average terms
are slow, on average 154,87 days. besides being higher than the sector's
average.
2016 financial year closed
with a cash flow of Eur. 1.109.144
Labour cost amounts to Eur.
4.462.456, with a 28,83% incidence on production costs. , with a 28,7%
incidence on turnover.
The incidence of the financial
charges is of -0,34% on the sales amount.
Financial Data
|
Complete balance-sheet for
the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
15.549.882 |
|
Profit (Loss) for the period |
56.554 |
|
Complete balance-sheet for
the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
22.458.689 |
|
Profit (Loss) for the period |
123.921 |
|
Complete balance-sheet for
the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
15.047.907 |
|
Profit (Loss) for the period |
1.238 |
|
Complete balance-sheet for
the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
12.245.306 |
|
Profit (Loss) for the period |
-1.242.557 |
|
Complete balance-sheet for
the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
13.002.438 |
|
Profit (Loss) for the period |
105.214 |
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 |
0,53 |
0,52 |
0,57 |
0,25 |
|
Elasticity Ratio |
Units |
0,46 |
0,48 |
0,43 |
0,72 |
|
Availability of stock |
Units |
0,16 |
0,17 |
0,14 |
0,20 |
|
Total Liquidity Ratio |
Units |
0,30 |
0,31 |
0,29 |
0,45 |
|
Quick Ratio |
Units |
0,02 |
0,01 |
0,02 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,77 |
0,65 |
0,40 |
2,92 |
|
Self Financing Ratio |
Units |
0,49 |
0,52 |
0,60 |
0,19 |
|
Capital protection Ratio |
Units |
0,62 |
0,64 |
0,66 |
0,71 |
|
Liabilities consolidation
quotient |
Units |
0,18 |
0,22 |
0,40 |
0,22 |
|
Financing |
Units |
0,91 |
0,77 |
0,55 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,57 |
0,60 |
0,70 |
0,38 |
|
M/L term Debts Ratio |
Units |
0,07 |
0,08 |
0,10 |
0,12 |
|
Net Financial Indebtedness
Ratio |
Units |
0,53 |
0,42 |
0,10 |
0,97 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,06 |
1,16 |
1,24 |
1,26 |
|
Current ratio |
Units |
1,15 |
1,37 |
1,65 |
1,13 |
|
Acid Test Ratio-Liquidity
Ratio |
Units |
0,74 |
0,87 |
1,11 |
0,75 |
|
Structure's primary quotient |
Units |
0,93 |
1,01 |
1,06 |
0,76 |
|
Treasury's primary quotient |
Units |
0,05 |
0,02 |
0,08 |
0,04 |
|
Rate of indebtedness (
Leverage ) |
% |
202,47 |
190,57 |
166,32 |
515,14 |
|
Current Capital ( net ) |
Value |
1.682.591 |
3.618.766 |
4.197.629 |
177.926 |
|
RETURN |
|||||
|
Return on Sales |
% |
7,13 |
4,98 |
6,39 |
2,74 |
|
Return on Equity - Net- (
R.O.E. ) |
% |
0,41 |
0,85 |
0,01 |
1,67 |
|
Return on Equity - Gross - (
R.O.E. ) |
% |
1,30 |
1,50 |
1,16 |
8,36 |
|
Return on Investment (
R.O.I. ) |
% |
0,83 |
1,12 |
0,88 |
3,41 |
|
Return/ Sales |
% |
1,49 |
1,39 |
1,47 |
3,12 |
|
Extra Management
revenues/charges incid. |
% |
24,36 |
39,82 |
0,56 |
15,78 |
|
Cash Flow |
Value |
1.109.144 |
1.119.199 |
961.983 |
76.501 |
|
Operating Profit |
Value |
232.130 |
311.236 |
220.496 |
88.970 |
|
Gross Operating Margin |
Value |
1.284.720 |
1.306.514 |
1.181.241 |
173.361 |
|
MANAGEMENT |
|||||
|
Credits to clients average
term |
Days |
154,87 |
121,18 |
135,75 |
100,31 |
|
Debts to suppliers average
term |
Days |
143,84 |
81,13 |
146,53 |
115,26 |
|
Average stock waiting period |
Days |
106,36 |
77,64 |
83,31 |
67,16 |
|
Rate of capital employed
return ( Turnover ) |
Units |
0,56 |
0,81 |
0,60 |
1,08 |
|
Rate of stock return |
Units |
3,38 |
4,64 |
4,32 |
5,32 |
|
Labour cost incidence |
% |
28,70 |
21,27 |
28,82 |
17,27 |
|
Net financial revenues/
charges incidence |
% |
-0,34 |
-0,41 |
-0,31 |
-1,88 |
|
Labour cost on purchasing
expenses |
% |
28,83 |
21,15 |
28,54 |
16,89 |
|
Short-term financing charges |
% |
0,48 |
0,83 |
0,56 |
3,16 |
|
Capital on hand |
% |
179,72 |
123,66 |
166,33 |
92,21 |
|
Sales pro employee |
Value |
111.869 |
150.729 |
111.465 |
183.224 |
|
Labour cost pro employee |
Value |
32.104 |
32.067 |
32.121 |
32.179 |
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 |
: |
3.839.216 |
|
Population living in the
region |
: |
9.393.092 |
|
Number of families in the
region |
: |
3.858.736 |
Monthly family expences
average in the region (in Eur..) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
Statistical Detrimental Data
Statistically the trade
activity passes through serious crises.
The area is statistically
considered lowly risky.
In the region 50.886 protested
subjects are found; in the province they count to 24.765.
The insolvency index for the
region is 0,55, , while for the province it is 0,66.
Total Bankrupt companies in
the province : 22.523.
Total Bankrupt companies in
the region : 39.612.
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 78.94 |
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.