|
|
|
MIRA INFORM REPORT
|
Report No. : |
485699 |
|
Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
OMAC S.R.L. |
|
|
|
|
Registered Office : |
Via Germania, 29 Camin, 35127 - Padova
(PD) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
15.02.1982 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of machinery for textile, apparel and leather industries (including
spare parts and accessories) |
|
|
|
|
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
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 (30.06.2017) |
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 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
OMAC S.R.L.
Via Germania,
29 CAMIN
35127 - Padova (PD) -IT-
Summary
|
Fiscal Code |
: |
01051740288 |
|
Legal Form |
: |
Limited Liability Company |
|
start of Activities |
: |
01/04/1982 |
|
Equity |
: |
1.500.000 |
|
Turnover Range |
: |
6.500.000/7.750.000 |
|
Number of Employees |
: |
From 26 To 35 |
Activity
Manufacture of machinery for textile, apparel and leather industries
(including spare parts and accessories)
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 01051740288 |
|
Foreign Trade Reg. no. : 007391 of Padova since 16/12/1991 |
|
Chamber of Commerce no. : 174427 of Padova since 22/04/1982 |
|
Firms' Register : PD060-18255 of Padova since 19/02/1996 |
|
V.A.T. Code : 01051740288 |
|
Establishment date |
: 15/02/1982 |
|
|
Start of Activities |
: 01/04/1982 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 100.000 |
|
|
Subscribed Capital |
: 100.000 |
|
|
Paid up Capital |
: 100.000 |
|
Legal mail : |
AMMINISTRAZIONE@PEC.OMACSRL.COM |
Members
|
|
Paccagnella |
Alberto |
|
|
Born in Vigonovo |
(VE) |
on 27/08/1959 |
- Fiscal Code : PCCLRT59M27L899L |
|
|
Residence: |
Dante |
, 88 |
- 35100 |
Padova |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/10/2014 |
||
|
Board Chairman |
08/10/2014 |
||
|
Managing Director |
08/10/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Pra' |
Rita |
|
|
Born in Belluno |
(BL) |
on 05/05/1960 |
- Fiscal Code : PRARTI60E45A757K |
|
|
Residence: |
Dante |
, 88 |
- 35139 |
Padova |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
08/10/2014 |
||
|
Managing Director |
08/10/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Paccagnella Cristiano |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
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.
|
|
Paccagnella |
Alberto |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Alleghe Funivie S.p.a. |
Alleghe (BL) - IT - |
00215840257 |
Director |
Active |
Registered |
|
Cartek S.r.l. |
Saonara (PD) - IT - |
03886030281 |
Director |
Withdrawn |
Registered |
|
Cartek S.r.l. |
Saonara (PD) - IT - |
03886030281 |
Board Chairman |
Withdrawn |
Registered |
|
|
Pra' |
Rita |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Marisa Di Pra Rita E Paola S.n.c. |
Alleghe (BL) - IT - |
00242700250 |
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 |
|
Paccagnella Alberto |
Padova - IT - |
PCCLRT59M27L899L |
33.000 .Eur |
33,00 |
|
Pra' Rita |
Padova - IT - |
PRARTI60E45A757K |
33.000 .Eur |
33,00 |
|
Paccagnella Cristiano |
PCCCST84D02G224W |
34.000 .Eur |
34,00 |
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 |
|
Germania |
, 29 |
- 35100 |
- Padova |
(PD) |
- IT - |
|
PHONE |
: 0498705227 |
|
Legal mail |
: AMMINISTRAZIONE@PEC.OMACSRL.COM |
|
Employees |
: 31 |
|
Assistants |
: 4 |
|
Fittings and Equipment for a value of 27.000 |
Eur |
|
Stocks for a value of 450.000 |
Eur |
The firm operates abroad as importer / exporter..
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- trading companies |
|
- direct orders from foreign companies |
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 |
|
PADOVA (PD) |
Buildings |
2 |
12/01/2018 |
|
Buildings
Details |
|
Cadastre |
Title |
Location |
Sheet No. |
Particle No. |
Sub No. |
Categorie |
Classe |
Consistence |
Cadastrial Rent |
Part No. |
|
B |
Proprieta' per 1/1 |
PADOVA (PD) VIA GERMANIA, Piano T-1 |
150 |
703 |
2 |
zona2 cat. D/7 |
Euro: 27.372,22 |
|||
|
B |
Proprieta' per 1/1 |
PADOVA (PD) VIA GERMANIA, Piano T-1 |
150 |
703 |
3 |
zona2 cat. D/8 |
Euro: 7.746,85 |
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 1982
The eonomic-financial analysis is based on the latest 3 b/s.
During the last years, it recorded positive net results (r.o.e. 36,3% in
2016) and with an upward trend in turnover trend during the last financial year
(+18,69% in 2016).
The operating result in 2016 was positive (15,32%) falling within the
field's average.
The amount of the operating result is equal to Eur. 697.176 with an
increase of 74,95% if the compared to the previous financial year.
The economic management produced a gross operating margin of Eur.
795.708 showing a 63,33% growth.
Company's financial status is balanced since indebtedness is not high
(1,03) and decreasing as against 2015.
With regard to equity capital, an amount of Eur. 1.233.364 is
registered. , increasing by 31,39% if compared to the year before.
Total indebtedness was equal to Eur. 3.029.773 (Eur. 908.803 was the
value of m/l term debts) with no important change.
Available funds are good.
2016 financial year closed with a cash flow of Eur. 546.230
In the last financial year labour cost was of Eur. 1.020.213, with a
15,21% incidence on total costs of production. , with a 14,24% incidence on
turnover.
Financial charges have a limited incidence (-0,12%) on sales volume.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.165.260 |
|
Profit (Loss) for the period |
447.698 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.036.745 |
|
Profit (Loss) for the period |
237.247 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.361.794 |
|
Profit (Loss) for the period |
350.406 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.342.240 |
|
Profit (Loss) for the period |
142.976 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.322.842 |
|
Profit (Loss) for the period |
172.878 |
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 |
0,30 |
0,57 |
0,61 |
0,18 |
|
Elasticity Ratio |
Units |
0,70 |
0,42 |
0,39 |
0,80 |
|
Availability of stock |
Units |
0,10 |
0,22 |
0,16 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,60 |
0,20 |
0,23 |
0,48 |
|
Quick Ratio |
Units |
0,19 |
0,20 |
0,23 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,03 |
n.c. |
n.c. |
3,25 |
|
Self Financing Ratio |
Units |
0,27 |
0,36 |
0,34 |
0,19 |
|
Capital protection Ratio |
Units |
0,56 |
0,64 |
0,44 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,53 |
n.c. |
n.c. |
0,19 |
|
Financing |
Units |
2,46 |
n.c. |
n.c. |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,52 |
0,44 |
0,43 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,25 |
0,08 |
0,09 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
0,00 |
0,00 |
0,63 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,74 |
0,77 |
0,71 |
1,75 |
|
Current ratio |
Units |
1,50 |
n.c. |
n.c. |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,29 |
n.c. |
n.c. |
0,81 |
|
Structure's primary quotient |
Units |
0,91 |
0,63 |
0,56 |
1,03 |
|
Treasury's primary quotient |
Units |
0,40 |
n.c. |
n.c. |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
368,88 |
276,48 |
292,52 |
516,42 |
|
Current Capital ( net ) |
Value |
1.059.376 |
1.099.555 |
918.685 |
422.465 |
|
RETURN |
|||||
|
Return on Sales |
% |
7,62 |
5,40 |
6,70 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
36,30 |
25,27 |
43,21 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
55,33 |
41,45 |
68,69 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
15,32 |
15,35 |
23,63 |
4,16 |
|
Return/ Sales |
% |
9,73 |
6,60 |
8,81 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
64,22 |
59,54 |
62,51 |
28,57 |
|
Cash Flow |
Value |
546.230 |
325.935 |
426.515 |
122.482 |
|
Operating Profit |
Value |
697.176 |
398.485 |
560.562 |
144.752 |
|
Gross Operating Margin |
Value |
795.708 |
487.173 |
636.671 |
241.990 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
111,85 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
128,30 |
|
Average stock waiting period |
Days |
22,66 |
34,63 |
21,67 |
80,43 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,57 |
2,33 |
2,68 |
1,08 |
|
Rate of stock return |
Units |
15,89 |
10,40 |
16,61 |
4,45 |
|
Labour cost incidence |
% |
14,24 |
15,60 |
13,96 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
-0,12 |
-0,19 |
-0,41 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
15,21 |
16,82 |
14,76 |
19,02 |
|
Short-term financing charges |
% |
0,30 |
n.c. |
n.c. |
2,68 |
|
Capital on hand |
% |
63,50 |
42,99 |
37,29 |
91,91 |
|
Sales pro employee |
Value |
231.137 |
208.163 |
235.622 |
198.432 |
|
Labour cost pro employee |
Value |
32.910 |
32.466 |
32.893 |
35.779 |
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 1.206 significant companies.
The companies cash their credits on an average of 112 dd.
The average duration of suppliers debts is about 128 dd.
The sector's profitability is on an average of 3,35%.
The labour cost affects the turnover in the measure of 19,12%.
Goods are held in stock in a range of 80 dd.
The difference between the sales volume and the resources used to
realize it is about 1,08.
The employees costs represent the 19,02% of the production costs.
Statistical
Detrimental Data
Statistically the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 13.782 protested subjects are found; in the province they
count to 2.646.
The insolvency index for the region is 0,30, , while for the province it
is 0,30.
Total Bankrupt companies in the province : 3.821.
Total Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.52 |
|
|
1 |
INR 86.05 |
|
Euro |
1 |
INR 76.53 |
|
Euro |
1 |
INR 77.86 |
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.