|
|
|
MIRA INFORM REPORT
|
Report No. : |
493784 |
|
Report Date : |
26.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
DELTA IMPIANTI
S.R.L. |
|
|
|
|
Registered Office : |
Via Eugenio
Montale, 3, 80016 - Marano Di Napoli (NA) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
10.11.2005 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Electrical installation in buildings or in
other constructions (including maintenance and repair) |
|
|
|
|
No. of Employees : |
From 150 To 175 |
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 (30.09.2017) |
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 & Address
DELTA IMPIANTI S.R.L.
Via Eugenio
Montale, 3
80016 - Marano Di
Napoli (NA) -IT-
Summary
|
Fiscal Code |
: |
05237211213 |
|
Legal Form |
: |
Limited Liability Company |
|
start of Activities |
: |
31/05/2006 |
|
Equity |
: |
1.000.000 |
|
Turnover Range |
: |
15.500.000/18.000.000 |
|
Number of Employees |
: |
From 150 To 175 |
Activity
Electrical installation in buildings or in
other constructions (including maintenance and repair)
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 05237211213 |
|
Chamber of Commerce no. : 86181 of Matera |
|
Chamber of Commerce no. : 741174 of Napoli
since 14/11/2005 |
|
Chamber of Commerce no. : 450412 of Salerno |
|
V.A.T. Code : 05237211213 |
|
Establishment date |
: 10/11/2005 |
|
|
Start of Activities |
: 31/05/2006 |
|
|
Legal duration |
: 31/12/2100 |
|
|
Nominal Capital |
: 30.000 |
|
|
Subscribed Capital |
: 30.000 |
|
|
Paid up Capital |
: 7.500 |
|
Legal mail : |
DELTAIMPIANTI@MYPEC.EU |
Members
|
|
Distinto |
Enzo |
|
|
Born in Villaricca |
(NA) |
on 20/05/1969 |
- Fiscal Code : DSTNZE69E20G309T |
|
|
Residence: |
Arbusto |
, 35 |
- 80016 |
Marano di Napoli |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
10/11/2005 |
||
|
Responsible technician |
31/05/2006 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Cannavale |
Vincenzo |
|
|
Born in Aversa |
(CE) |
on 13/08/1956 |
- Fiscal Code : CNNVCN56M13A512L |
|
|
Residence: |
Colli Aminei |
, 36 |
- 80100 |
Napoli |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Responsible technician |
31/05/2006 |
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.
|
|
Distinto |
Enzo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Consorzio Set Telecomunicazioni |
Marano di Napoli (NA) - IT - |
04724751211 |
Board of Directors' chairman |
Withdrawn |
Registered |
|
Delta Costruzioni Societa' Consortile AR.l. |
Marano di Napoli (NA) - IT - |
06641401218 |
Sole Director |
Active |
Registered |
|
Set Telecomunicazioni S.r.l. |
Marano di Napoli (NA) - IT - |
04434391217 |
Responsible technician |
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 |
|
Distinto Enzo |
Marano di Napoli - IT - |
DSTNZE69E20G309T |
27.000 .Eur |
90,00 |
|
Papa Antonio |
PPANTN68B16E906I |
3.000 .Eur |
10,00 |
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 |
|
Delta Costruzioni Societa' Consortile A
R.l. |
Marano di Napoli - IT - |
06641401218 |
9.000 .Eur |
90,00 |
Active |
||
|
Elledielle |
Roma - IT - |
12159141006 |
Active |
Firm's location and structure
In order to carry out its activities the firm
uses the following locations:
|
- |
Legal and operative seat |
|
Eugenio Montale |
, 3 |
- 80016 |
- Marano di Napoli |
(NA) |
- IT - |
|
Legal mail |
: DELTAIMPIANTI@MYPEC.EU |
|
- |
Branch |
(Workshop) |
since 18/07/2012 |
|
Iii Traversa Via U. Migliaccio |
, SNC |
- 80016 |
- Marano di Napoli |
(NA) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 28/05/2014 |
|
Ii Strada Guirro |
, SNC |
- 75100 |
- Matera |
(MT) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 10/05/2016 |
|
Ss 18 Tirrenia Inferiore Km 78 |
, 64 |
- 84025 |
- Eboli |
(SA) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 10/05/2016 |
|
Mura Rosse |
, SNC |
- 84036 |
- Sala Consilina |
(SA) |
- IT - |
|
Employees |
: 154 |
|
Fittings and Equipment for a value of
76.000 |
Eur |
|
Stocks for a value of 35.000 |
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 |
|
MARANO DI NAPOLI (NA) |
Buildings |
1 |
14/02/2018 |
|
MARANO DI NAPOLI (NA) |
Land |
5 |
14/02/2018 |
|
MUGNANO DI NAPOLI (NA) |
Buildings |
3 |
14/02/2018 |
|
Buildings Details |
|
Cadastre |
Title |
Location |
Sheet No. |
Particle No. |
Sub No. |
Categorie |
Classe |
Consistence |
Cadastrial Rent |
Part No. |
|
B |
Proprieta' per 1/1 |
MARANO DI NAPOLI (NA) VIA UNIONE SOVIETICA,
SNC Piano T-1 - 2-3 |
8 |
288 |
1 |
cat. D/7 |
Euro: 9.946,00 |
|||
|
B |
Proprieta' per 1/1 |
MUGNANO DI NAPOLI (NA) CORSO ITALIA, SNC
Piano T-1 - 2 |
2 |
754 |
2 |
cat. D/7 |
Euro: 12.238,00 |
|||
|
B |
Proprieta' per 1/1 |
MUGNANO DI NAPOLI (NA) CORSO ITALIA, SNC
Piano T |
2 |
754 |
3 |
cat. D/1 |
Euro: 1.502,00 |
|||
|
B |
Proprieta' per 1/1 |
MUGNANO DI NAPOLI (NA) CORSO ITALIA, SNC Piano
T |
2 |
754 |
4 |
cat. D/1 |
Euro: 182,00 |
|
Land Details |
|
Cadastre |
Title |
Location |
Sheet No. |
Particle No. |
Sub No. |
Category |
Class |
Consistence |
Cadastrial Rent |
Part No. |
|
L |
Proprieta' per 1/1 |
MARANO DI NAPOLI (NA) |
4 |
748 |
FRUTTETO |
2 |
58 ca |
R.D.Euro:1,08 R.A. Euro: 0,52 |
||
|
L |
Proprieta' per 1/1 |
MARANO DI NAPOLI (NA) |
4 |
749 |
FRUTTETO |
2 |
57 ca |
R.D.Euro:1,06 R.A. Euro: 0,52 |
||
|
L |
Proprieta' per 1/1 |
MARANO DI NAPOLI (NA) |
4 |
750 |
FRUTTETO |
2 |
12 are 56 ca |
R.D.Euro:23,35 R.A. Euro: 11,35 |
||
|
L |
Proprieta' per 1/1 |
MARANO DI NAPOLI (NA) |
4 |
751 |
FRUTTETO |
2 |
12 are 40 ca |
R.D.Euro:23,05 R.A. Euro: 11,21 |
||
|
L |
Proprieta' per 1/2 |
MARANO DI NAPOLI (NA) |
4 |
752 |
FRUTTETO |
2 |
2 are 56 ca |
R.D.Euro:4,76 R.A. Euro: 2,31 |
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 2006
The economic-financial analysis has been made
on the base of the b/s of the latests three years.
Under an economic point of view, profits were
registered during the last years with a r.o.e. of 47,11% in 2016 thanks to a
progressive increase in turnover (+98,53% in 2016 compared to 2015 and +40,8%
in 2015 compared to 2014).
The return on Investment in the last
financial year was positive (6,74%) and in line with the sector's average.
An operating result of Eur. 967.936 has been
registered. increasing if compared to the yeart 2015.
The gross operating margin of the latest
financial year is of Eur. 1.191.798 growing by 23,78% if compared to the year
before.
Short-term debts volume if compared to net
worth, as it comes out from the total indebtedness (9,58) which is rising
compared to 2015.
Subject can manage an equity capital funds
for an amount of Eur. 968.057 , rising by 89,08%.
During the last financial year total debts
volume reached Eur. 13.067.542 (Eur. 715.880 were m/l term ones) while during
the financial year 2015 the amount was equal to Eur. 7.921.835.
The financial exposure is moderate, on the
other hand the recourse to commercial credit is high, with a high average
payment period and higher than sector's average.
Liquid assets are not adequate to subject's
needs.
Trade credits are collected slowly, average
term is 192,18 days. even higher than the average of the specific sector.
The financial management generated a cash
flow of Eur. 679.952.
Subordinate employment cost is of Eur.
3.486.782, i.e. 22,3% on total production costs. and a 21,07% incidence on sales
volumes.
The financial management has a limited
economic impact, equal to -0,22% on the sales.
Financial Data
|
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
16.544.767 |
|
Profit (Loss) for the period |
456.090 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.333.626 |
|
Profit (Loss) for the period |
361.980 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.918.444 |
|
Profit (Loss) for the period |
91.805 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.995.346 |
|
Profit (Loss) for the period |
13.534 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.464.066 |
|
Profit (Loss) for the period |
5.459 |
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 |
0,16 |
0,25 |
0,36 |
0,12 |
|
Elasticity Ratio |
Units |
0,84 |
0,74 |
0,64 |
0,85 |
|
Availability of stock |
Units |
n.c. |
n.c. |
n.c. |
0,13 |
|
Total Liquidity Ratio |
Units |
0,84 |
0,74 |
0,64 |
0,67 |
|
Quick Ratio |
Units |
0,21 |
0,50 |
0,08 |
0,04 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
9,58 |
5,27 |
33,80 |
5,09 |
|
Self Financing Ratio |
Units |
0,07 |
0,06 |
0,02 |
0,13 |
|
Capital protection Ratio |
Units |
0,50 |
0,23 |
0,19 |
0,49 |
|
Liabilities consolidation quotient |
Units |
0,07 |
0,14 |
0,20 |
0,11 |
|
Financing |
Units |
13,50 |
15,47 |
44,17 |
6,19 |
|
Permanent Indebtedness Ratio |
Units |
0,13 |
0,17 |
0,18 |
0,25 |
|
M/L term Debts Ratio |
Units |
0,06 |
0,11 |
0,16 |
0,08 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
n.c. |
n.c. |
0,89 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
0,79 |
0,69 |
0,51 |
1,81 |
|
Current ratio |
Units |
0,97 |
0,91 |
0,79 |
1,12 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,97 |
0,91 |
0,79 |
0,95 |
|
Structure's primary quotient |
Units |
0,41 |
0,24 |
0,06 |
1,04 |
|
Treasury's primary quotient |
Units |
0,25 |
0,61 |
0,10 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
1484,32 |
1662,19 |
4604,62 |
769,78 |
|
Current Capital ( net ) |
Value |
-332.355 |
-645.978 |
-1.165.637 |
76.802 |
|
RETURN |
|||||
|
Return on Sales |
% |
4,11 |
6,99 |
6,15 |
2,96 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
47,11 |
70,70 |
61,21 |
8,95 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
96,17 |
126,44 |
153,74 |
29,42 |
|
Return on Investment ( R.O.I. ) |
% |
6,74 |
8,72 |
6,16 |
5,23 |
|
Return/ Sales |
% |
5,85 |
8,91 |
7,18 |
4,98 |
|
Extra Management revenues/charges incid. |
% |
47,12 |
48,76 |
21,60 |
24,55 |
|
Cash Flow |
Value |
679.952 |
582.503 |
364.175 |
43.211 |
|
Operating Profit |
Value |
967.936 |
742.309 |
425.116 |
70.778 |
|
Gross Operating Margin |
Value |
1.191.798 |
962.832 |
697.486 |
101.164 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
192,18 |
n.c. |
n.c. |
151,02 |
|
Debts to suppliers average term |
Days |
318,37 |
n.c. |
n.c. |
170,53 |
|
Average stock waiting period |
Days |
n.c. |
n.c. |
n.c. |
37,36 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,15 |
0,98 |
0,86 |
1,16 |
|
Rate of stock return |
Units |
n.c. |
n.c. |
n.c. |
9,15 |
|
Labour cost incidence |
% |
21,07 |
19,17 |
22,66 |
21,18 |
|
Net financial revenues/ charges incidence |
% |
-0,22 |
-0,17 |
-0,56 |
-1,34 |
|
Labour cost on purchasing expenses |
% |
22,30 |
21,01 |
24,34 |
21,47 |
|
Short-term financing charges |
% |
0,29 |
0,19 |
0,50 |
2,18 |
|
Capital on hand |
% |
86,85 |
102,11 |
116,69 |
86,08 |
|
Sales pro employee |
Value |
153.192 |
170.074 |
144.352 |
145.714 |
|
Labour cost pro employee |
Value |
32.285 |
32.600 |
32.715 |
32.556 |
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 |
: |
3.092.859 |
|
Population living in the region |
: |
5.788.986 |
|
Number of families in the region |
: |
1.966.064 |
Monthly family expences average in the region
(in Eur..) :
|
- per food products |
: |
475 |
|
- per non food products |
: |
1.304 |
|
- per energy consume |
: |
79 |
Sector Data
The values are calculated on a base of 4.211
significant companies.
The companies cash their credits on an
average of 151 dd.
The average duration of suppliers debts is
about 171 dd.
The sector's profitability is on an average
of 2,96%.
The labour cost affects the turnover in the
measure of 21,18%.
Goods are held in stock in a range of 37 dd.
The difference between the sales volume and
the resources used to realize it is about 1,16.
The employees costs represent the 21,47% of
the production costs.
Statistical Detrimental Data
Statistically the trade activity passes
through serious crises.
The area is statistically considered
remarkably risky.
In the region 80.616 protested subjects are
found; in the province they count to 41.815.
The insolvency index for the region is 1,40,
, while for the province it is 1,36.
Total Bankrupt companies in the province :
18.217.
Total Bankrupt companies in the region :
28.514.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
|
Euro |
1 |
INR 79.63 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.