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|
MIRA INFORM REPORT
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Report No. : |
484496 |
|
Report Date : |
08.01.2018 |
IDENTIFICATION DETAILS
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Name : |
DANESE S.R.L. |
|
|
|
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Registered Office : |
Via A.Diaz, SNC, 36071 - Arzignano (VI) |
|
|
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Country : |
Italy |
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|
|
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Financials (as on) : |
31.12.2016 |
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|
|
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Date of Incorporation : |
02.02.1995 |
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|
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|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
·
Manufacture of interchangeable parts for machine
tools ·
Manufacture of machinery and equipment for the
skin, leather and footwear industry (including spare parts and accessories) |
|
|
|
|
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 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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 |
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Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
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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 133% of GDP in 2016. 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 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 0.7% each year. In 2016, overall
unemployment was 11.7%, but youth unemployment remains high at 37.1%.
|
Source
: CIA |
Company
Name & address
DANESE S.R.L.
Via A.Diaz, SNC
36071 - Arzignano (VI) -IT-
Summary
|
Fiscal Code |
: |
02457820245 |
|
Legal Form |
: |
Limited Liability Company |
|
start of Activities |
: |
02/02/1995 |
|
Equity |
: |
500.000 |
|
Turnover Range |
: |
5.000.000/6.500.000 |
|
Number of Employees |
: |
From 6 To 10 |
Activity
Manufacture of interchangeable parts for machine tools
Manufacture of machinery and equipment for the skin, leather and
footwear industry (including spare parts and accessories)
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 02457820245 |
|
Chamber of Commerce no. : 232454 of Vicenza since 03/03/1995 |
|
Firms' Register : VI116-31888 of Vicenza since 19/02/1996 |
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V.A.T. Code : 02457820245 |
|
Foundation date |
: 02/02/1995 |
|
|
Establishment date |
: 02/02/1995 |
|
|
Start of Activities |
: 02/02/1995 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 101.490 |
|
|
Subscribed Capital |
: 101.490 |
|
|
Paid up Capital |
: 101.490 |
|
Legal mail : |
DANESESRL@GLOBALCERT.IT |
Members
|
|
Danese |
Maurizio |
|
|
Born in Arzignano |
(VI) |
on 26/08/1972 |
- Fiscal Code : DNSMRZ72M26A459K |
|
|
Residence: |
Leoncavallo |
, 2/BIS |
- 36071 |
Arzignano |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
21/10/2010 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Danese |
Matteo |
|
|
Born in Arzignano |
(VI) |
on 31/08/1977 |
- Fiscal Code : DNSMTT77M31A459B |
|
|
Residence: |
Calavena Bassa |
, 60 |
- 36071 |
Arzignano |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
02/01/2009 |
|
|
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.
|
|
Danese |
Maurizio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
DANESE MAURIZIO |
Arzignano (VI) - IT - |
Proprietor |
Withdrawn |
Registered |
|
|
Consorzio La Barchessa |
Padova (PD) - IT - |
03853930281 |
Director |
Active |
Registered |
|
Consorzio La Barchessa |
Padova (PD) - IT - |
03853930281 |
Chairman of the
Steer.committee |
Active |
Registered |
|
Holdimm S.r.l. |
Arzignano (VI) - IT - |
03507010241 |
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 |
|
Danese Maurizio |
Arzignano - IT - |
DNSMRZ72M26A459K |
81.192 .Eur |
80,00 |
|
Danese Luigi |
DNSLGU45E22F442B |
10.149 .Eur |
10,00 |
|
|
Danese Matteo |
Arzignano - IT - |
DNSMTT77M31A459B |
10.149 .Eur |
10,00 |
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 |
|
A.diaz |
, SNC |
- 36071 |
- Arzignano |
(VI) |
- IT - |
|
Legal mail |
: DANESESRL@GLOBALCERT.IT |
|
- |
Branch |
(Warehouse) |
since 01/10/2014 |
|
Delle Tezze |
, 75 |
- 36070 |
- Trissino |
(VI) |
- IT - |
|
Employees |
: 6 |
|
Assistants |
: 3 |
|
Fittings and Equipment for a value of 380.000 |
Eur |
|
Stocks for a value of 1.050.000 |
Eur |
|
Vehicles: 1. |
Historical
Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
Splitting-up project and setting-up of new co |
|
|
Date |
Merging/Splitting-up Project-New Company: |
01/10/2008 |
|
|
Splitting-up and setting-up of a new company |
|
|
|
|
, Arzignano (vi) |
- IT - |
|
|
Date |
Splitting-up: |
25/11/2008 |
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
The company is active since 1995
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 6,09% in 2016 with a good increase in turnover (+10,83%
in 2016 compared to 2015 and +7,6% in 2015 compared to 2014).
The return on Investment in the last financial year was positive (2,64%)
and in line with the sector's average.
The operating result is positive and amounts to Eur. 81.403 with a
-47,06% drop.
During the latest financial year the gross operating margin amounted to
Eur. 104.077 showing a drop (-38,2%).
The analysis shows a fair financial position as the indebtedness volume
is acceptable (3,56) yet on the increase as against the previous accounting
period.
The equity capital is equal to Eur. 465.634 on the same levels as the
year before.
Total debts recorded amounted to Eur. 2.574.563 (Eur. 802.161 of which
were m/l term debts) , with no sensible variation.
Liquidity is good.
The financial management generated a cash flow of Eur. 51.027.
In the last financial year labour cost was of Eur. 216.152, with a 3,8%
incidence on total costs of production. , whereas the incidence of such costs on
sales revenues is equal to 3,75%.
Financial charges have a limited incidence (-0,6%) on sales volume.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.767.700 |
|
Profit (Loss) for the period |
28.353 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.204.094 |
|
Profit (Loss) for the period |
78.369 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.836.215 |
|
Profit (Loss) for the period |
72.383 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.423.540 |
|
Profit (Loss) for the period |
19.349 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.552.417 |
|
Profit (Loss) for the period |
12.606 |
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 |
0,04 |
0,03 |
0,02 |
0,25 |
|
Elasticity Ratio |
Units |
0,96 |
0,97 |
0,98 |
0,72 |
|
Availability of stock |
Units |
0,34 |
0,27 |
0,07 |
0,17 |
|
Total Liquidity Ratio |
Units |
0,62 |
0,69 |
0,91 |
0,50 |
|
Quick Ratio |
Units |
0,04 |
0,08 |
0,08 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
3,56 |
3,39 |
4,22 |
2,61 |
|
Self Financing Ratio |
Units |
0,15 |
0,16 |
0,17 |
0,21 |
|
Capital protection Ratio |
Units |
0,72 |
0,59 |
0,52 |
0,71 |
|
Liabilities consolidation quotient |
Units |
0,46 |
0,41 |
0,01 |
0,24 |
|
Financing |
Units |
5,53 |
5,39 |
4,66 |
3,54 |
|
Permanent Indebtedness Ratio |
Units |
0,42 |
0,40 |
0,18 |
0,40 |
|
M/L term Debts Ratio |
Units |
0,27 |
0,25 |
0,01 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,84 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
10,51 |
13,05 |
9,09 |
1,46 |
|
Current ratio |
Units |
1,67 |
1,63 |
1,20 |
1,20 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,07 |
1,17 |
1,11 |
0,85 |
|
Structure's primary quotient |
Units |
3,80 |
5,04 |
8,81 |
0,86 |
|
Treasury's primary quotient |
Units |
0,07 |
0,13 |
0,10 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
661,95 |
644,65 |
571,85 |
477,50 |
|
Current Capital ( net ) |
Value |
1.180.767 |
1.049.564 |
337.456 |
239.373 |
|
RETURN |
|||||
|
Return on Sales |
% |
0,88 |
1,79 |
1,66 |
4,32 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
6,09 |
17,92 |
20,17 |
4,61 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
10,09 |
26,59 |
31,64 |
17,61 |
|
Return on Investment ( R.O.I. ) |
% |
2,64 |
5,46 |
6,62 |
4,75 |
|
Return/ Sales |
% |
1,41 |
2,96 |
2,81 |
4,25 |
|
Extra Management revenues/charges incid. |
% |
34,83 |
50,96 |
53,28 |
18,91 |
|
Cash Flow |
Value |
51.027 |
92.999 |
80.270 |
138.084 |
|
Operating Profit |
Value |
81.403 |
153.787 |
135.848 |
154.078 |
|
Gross Operating Margin |
Value |
104.077 |
168.417 |
143.735 |
301.188 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
110,83 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
121,75 |
|
Average stock waiting period |
Days |
65,62 |
53,24 |
11,14 |
60,34 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,87 |
1,85 |
2,36 |
1,12 |
|
Rate of stock return |
Units |
5,49 |
6,76 |
32,31 |
5,95 |
|
Labour cost incidence |
% |
3,75 |
2,92 |
2,38 |
21,94 |
|
Net financial revenues/ charges incidence |
% |
-0,60 |
-0,72 |
-0,46 |
-1,47 |
|
Labour cost on purchasing expenses |
% |
3,80 |
3,00 |
2,42 |
22,33 |
|
Short-term financing charges |
% |
1,34 |
1,59 |
1,34 |
2,84 |
|
Capital on hand |
% |
53,44 |
54,17 |
42,44 |
89,18 |
|
Sales pro employee |
Value |
961.283 |
1.301.023 |
1.612.071 |
165.709 |
|
Labour cost pro employee |
Value |
36.025 |
37.944 |
38.320 |
32.656 |
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 1.023 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 122 dd.
The sector's profitability is on an average of 4,32%.
The labour cost affects the turnover in the measure of 21,94%.
Goods are held in stock in a range of 60 dd.
The difference between the sales volume and the resources used to
realize it is about 1,12.
The employees costs represent the 22,33% 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 63.38 |
|
|
1 |
INR 86.02 |
|
Euro |
1 |
INR 76.50 |
|
Euro |
1 |
INR 76.15 |
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.