|
|
|
MIRA INFORM REPORT
|
Report No. : |
494508 |
|
Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
NARDI COMPRESSORI
S.R.L. |
|
|
|
|
Registered Office : |
Via Marco Polo, 2, 36075 -
Montecchio Maggiore (VI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
28.09.2009 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of other Pumps and Compressors |
|
|
|
|
No. of Employees : |
From 26 To 35 |
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 (30.09.2017) |
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 records. 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
NARDI COMPRESSORI S.R.L.
Via Marco Polo, 2
36075 -
Montecchio Maggiore (VI) -IT-
Summary
|
Fiscal Code |
: |
00142920248 |
|
Legal Form |
: |
Limited Liability Company |
|
start of Activities |
: |
10/06/1965 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
6.500.000/7.750.000 |
|
Number of Employees |
: |
From 26 To 35 |
Activity
Manufacture of other Pumps and Compressors
Legal Data
Legal Form : Limited liability company
|
Register of Handcraft firms : 16955 of
Vicenza since 10/06/1965 |
|
Register of Handcraft firms : 103049 of
Vicenza |
|
Fiscal Code : 00142920248 |
|
Foreign Trade Reg. no. : VI001896 since
29/11/1991 |
|
Chamber of Commerce no. : 93555 of Vicenza since
10/06/1965 |
|
Firms' Register : VI116-12641 of Vicenza
since 19/02/1996 |
|
V.A.T. Code : 00142920248 |
|
Foundation date |
: 01/01/1965 |
|
|
Establishment date |
: 28/09/2009 |
|
|
Start of Activities |
: 10/06/1965 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 100.000 |
|
|
Subscribed Capital |
: 100.000 |
|
|
Paid up Capital |
: 100.000 |
|
Legal mail : |
NARDI.COMPRESSORI@LEGALMAIL.IT |
Members
|
|
Nardi |
Gabriella |
|
|
Born in Chiampo |
(VI) |
on 21/04/1950 |
- Fiscal Code : NRDGRL50D61C605V |
|
|
Residence: |
Parini |
, 6 |
- 36075 |
Montecchio Maggiore |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2016 |
|
|
Ghiotto |
Marco |
|
|
Born in Montecchio Maggiore |
(VI) |
on 27/08/1973 |
- Fiscal Code : GHTMRC73M27F464O |
|
|
Residence: |
Giuliano Ziggiotti |
, 21 |
- 36075 |
Montecchio Maggiore |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
28/09/2009 |
||
|
Director |
28/09/2009 |
||
|
Sole partner |
23/07/2015 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Venturi |
Barbara |
|
|
Born in Negrar |
(VR) |
on 20/06/1975 |
- Fiscal Code : VNTBBR75H60F861B |
|
|
Residence: |
Volpara |
, 3/A |
- 37010 |
Torri del Benaco |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/09/2009 |
Companies connected to members *
*checkings have been performed on a national
scale.
In this module the companies in which members
hold/held positions are listed.
The Members of the subject firm are not
reported to be Members in other companies.
Capital Shareholders
Shareholders' list as at date of data
collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Ghiotto Marco |
Montecchio Maggiore - IT - |
GHTMRC73M27F464O |
100.000 .Eur |
100,00 |
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 |
|
Consorzio D-1-9 di Montecchio Maggiore |
02218800247 |
103 .Eur |
4,54 |
Active |
Firm's location and structure
In order to carry out its activities the firm
uses the following locations:
|
- |
Legal and operative seat |
since 20/09/1995 |
|
Marco Polo |
, 2 |
- 36075 |
- Montecchio Maggiore |
(VI) |
- IT - |
|
PHONE |
: 0444499059 |
|
Website |
: www.nardicompressori.com |
|
Legal mail |
: NARDI.COMPRESSORI@LEGALMAIL.IT |
|
- |
Branch |
(Store) |
since 02/05/2017 |
|
Sebastiano Caboto |
, 16 |
- 36075 |
- Montecchio Maggiore |
(VI) |
- IT - |
|
Employees |
: 25 |
|
Assistants |
: 2 |
|
Fittings and Equipment for a value of
460.000 |
Eur |
|
Stocks for a value of 430.000 |
Eur |
The firm operates abroad as exporter..
Export represents more than 50% of the global
turnover.
Products abroad are placed by :
|
- its own agents |
|
- direct orders from foreign companies |
Export is mainly towards:
|
- France |
|
- Greece |
|
- Great Britain |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
De facto company |
General partnership |
30/06/1981 |
|
General partnership |
Limited liability company |
28/09/2009 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
GHIOTTO COMPRESSORI S.N.C. DI GHIOTTOCARLO
E NARDI GABRIELLA |
Nardi Compressori Srl |
28/09/2009 |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm took over the activity of |
|
NARDI COMPRESSORI DI NARDI GABRIELLA |
|
|
Crispi Zona Artigianale |
, 1 |
, 36077 |
, Montecchio Maggiore |
(VI) |
- IT - |
|
|
Fiscal Code: NRDGRL50D61C605V |
|
|
Date |
: |
15/06/2009 |
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 |
|
MONTECCHIO MAGGIORE (VI) |
Buildings |
1 |
23/02/2018 |
|
Buildings Details |
|
Cadastre |
Title |
Location |
Sheet No. |
Particle No. |
Sub No. |
Categorie |
Classe |
Consistence |
Cadastrial Rent |
Part No. |
|
B |
Proprieta' per 1/1 |
MONTECCHIO MAGGIORE (VI) VIA MARCO POLO, 2
Piano S1-T - 1 |
16 |
978 |
cat. D/1 |
Euro: 23.240,56 |
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 1965
The eonomic-financial analysis is based on
the latest 3 b/s.
During the last years, it recorded positive
net results (r.o.e. 12,98% in 2016) but without a significant increase in the
turnover.
The operating result in 2016 was positive
(11,28%) and in line with the sector's average.
The operating result is positive and amounts
to Eur. 741.846 rising (+56,22%) in relation to the previous year.
During the latest financial year the gross
operating margin amounted to Eur. 963.548 showing an upward trend if compared
to 2015.
The company has an excellent net worth if
compared to its debts, with a low indebtedness (0,21) which is yet rising if
compared to 2015.
The management generated equity capital for
an amount of Eur. 3.870.966 , stable in comparison with the value of the
previous year.
Total debts recorded amounted to Eur.
2.381.704 (Eur. 241.973 of which were m/l term debts) , a more or less stable
value.
Available funds are good.
The financial management generated a cash
flow of Eur. 724.074.
During 2016 financial year labour costs
amounted to Eur. 787.686, with a 12,45% incidence on production costs. and a
11,36% incidence on sales volumes.
The incidence of the financial charges is of
-0,07% on the sales amount.
Financial Data
|
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.931.870 |
|
Profit (Loss) for the period |
502.372 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.531.921 |
|
Profit (Loss) for the period |
269.837 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.500.365 |
|
Profit (Loss) for the period |
68.314 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.239.356 |
|
Profit (Loss) for the period |
77.236 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.665.397 |
|
Profit (Loss) for the period |
198.425 |
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 |
0,54 |
0,56 |
0,61 |
0,26 |
|
Elasticity Ratio |
Units |
0,45 |
0,43 |
0,38 |
0,73 |
|
Availability of stock |
Units |
0,07 |
0,06 |
0,06 |
0,23 |
|
Total Liquidity Ratio |
Units |
0,39 |
0,37 |
0,32 |
0,44 |
|
Quick Ratio |
Units |
0,24 |
0,26 |
0,21 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,21 |
0,20 |
0,12 |
1,74 |
|
Self Financing Ratio |
Units |
0,59 |
0,53 |
0,57 |
0,29 |
|
Capital protection Ratio |
Units |
0,84 |
0,89 |
0,95 |
0,64 |
|
Liabilities consolidation quotient |
Units |
0,16 |
0,23 |
0,48 |
0,22 |
|
Financing |
Units |
0,62 |
0,81 |
0,68 |
2,30 |
|
Permanent Indebtedness Ratio |
Units |
0,64 |
0,61 |
0,70 |
0,46 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,08 |
0,13 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,49 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,18 |
1,09 |
1,15 |
1,63 |
|
Current ratio |
Units |
1,40 |
1,20 |
1,37 |
1,32 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,20 |
1,03 |
1,15 |
0,86 |
|
Structure's primary quotient |
Units |
1,08 |
0,94 |
0,93 |
1,05 |
|
Treasury's primary quotient |
Units |
0,75 |
0,71 |
0,75 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
169,86 |
188,98 |
175,47 |
349,01 |
|
Current Capital ( net ) |
Value |
851.386 |
457.937 |
570.512 |
753.266 |
|
RETURN |
|||||
|
Return on Sales |
% |
10,45 |
6,69 |
4,50 |
5,13 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
12,98 |
7,93 |
2,16 |
7,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
19,03 |
13,61 |
4,68 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
11,28 |
7,39 |
2,66 |
5,36 |
|
Return/ Sales |
% |
10,70 |
7,27 |
2,68 |
5,57 |
|
Extra Management revenues/charges incid. |
% |
67,72 |
56,83 |
46,26 |
42,11 |
|
Cash Flow |
Value |
724.074 |
436.961 |
247.703 |
344.143 |
|
Operating Profit |
Value |
741.846 |
474.854 |
147.673 |
359.008 |
|
Gross Operating Margin |
Value |
963.548 |
641.978 |
327.062 |
705.726 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
101,37 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
115,52 |
|
Average stock waiting period |
Days |
22,39 |
21,51 |
22,55 |
80,62 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,05 |
1,02 |
0,99 |
1,07 |
|
Rate of stock return |
Units |
16,08 |
16,74 |
15,97 |
4,40 |
|
Labour cost incidence |
% |
11,36 |
9,64 |
10,69 |
16,91 |
|
Net financial revenues/ charges incidence |
% |
-0,07 |
-0,18 |
0,01 |
-1,19 |
|
Labour cost on purchasing expenses |
% |
12,45 |
10,23 |
10,80 |
17,25 |
|
Short-term financing charges |
% |
0,42 |
0,63 |
0,38 |
2,71 |
|
Capital on hand |
% |
94,85 |
98,40 |
100,92 |
93,00 |
|
Sales pro employee |
Value |
288.827 |
343.785 |
305.575 |
223.920 |
|
Labour cost pro employee |
Value |
32.820 |
33.142 |
32.665 |
35.625 |
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 |
: |
831.356 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family expences average in the region
(in Eur..) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
Sector Data
The values are calculated on a base of 918
significant companies.
The companies cash their credits on an
average of 101 dd.
The average duration of suppliers debts is
about 116 dd.
The sector's profitability is on an average
of 5,13%.
The labour cost affects the turnover in the
measure of 16,91%.
Goods are held in stock in a range of 81 dd.
The difference between the sales volume and
the resources used to realize it is about 1,07.
The employees costs represent the 17,25% of
the production costs.
Statistical Detrimental Data
Statistically the trade activity shows
periods of crisis.
The area is statistically considered lowly
risky.
In the region 13.782 protested subjects are found;
in the province they count to 2.234.
The insolvency index for the region is 0,30,
, while for the province it is 0,27.
Total Bankrupt companies in the province :
2.546.
Total Bankrupt companies in the region :
16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.66 |
|
|
1 |
INR 90.65 |
|
Euro |
1 |
INR 79.70 |
|
Euro |
1 |
INR 80.04 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
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.