|
|
|
MIRA INFORM REPORT
|
Report No. : |
486552 |
|
Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BOSS DIAMOND SRL |
|
|
|
|
Registered Office : |
Via A. Chinotto, 24,
36100 – Vicenza (VI) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
07.11.1988 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
·
Production of precious metals ·
Manufacture of jewellery in precious metals
o plated with precious metals ·
Wholesale of clocks, watches and jewellery |
|
|
|
|
No. of Employees : |
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 |
|
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 and address
Boss Diamond Srl
Via A. Chinotto, 24
36100 - Vicenza (VI) -IT-
Summary
|
Fiscal Code |
: |
02029930241 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
15/12/1989 |
|
Equity |
: |
2.000.000 |
|
Turnover Range |
: |
5.000.000/6.500.000 |
|
Number of Employees |
: |
fom 6 to 10 |
Activity
Production of precious metals
Manufacture of jewellery in precious metals o plated with precious
metals
Wholesale of clocks, watches and jewellery
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 02029930241 |
|
Foreign Trade Reg. no. : VI027818 since 17/02/1992 |
|
Chamber of Commerce no. : 244388 of Alessandria |
|
Chamber of Commerce no. : 201219 of Vicenza since 03/01/1989 |
|
V.A.T. Code : 02029930241 |
|
Establishment date |
: 07/11/1988 |
|
|
Start of Activities |
: 15/12/1989 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 300.000 |
|
|
Subscribed Capital |
: 300.000 |
|
|
Paid up Capital |
: 300.000 |
|
Legal mail : |
INFO.BOSSDIAMOND@ARUBAPEC.IT |
Members
|
|
Martinetti |
Paolo Lorenzo |
|
|
Born in Montemagno |
(AT) |
on 25/07/1948 |
- Fiscal Code : MRTPLR48L25F556D |
|
|
Residence: |
Del Vivaio |
, 4 |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
01/01/2017 |
|
|
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.
|
|
Martinetti |
Paolo Lorenzo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Capellaro E C. S.p.a. |
Milano (MI) - IT - |
00721730158 |
Attorney with special power |
Withdrawn |
Registered |
|
Capellaro E C. S.p.a. |
Milano (MI) - IT - |
00721730158 |
Managing Director |
Withdrawn |
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 |
|
Martinetti Paolo Lorenzo |
Valenza - IT - |
MRTPLR48L25F556D |
153.000 .Eur |
51,00 |
|
Piano Domenico |
Altavilla Vicentina - IT - |
PNIDNC58P25C271J |
15.000 .Eur |
5,00 |
|
Lotto Moreno Walter |
Vicenza - IT - |
LTTMNW70A23L840X |
15.000 .Eur |
5,00 |
|
Piano Maurizio |
Creazzo - IT - |
PNIMRZ59S05C971B |
15.000 .Eur |
5,00 |
|
Rizzetto Alessandro |
Vicenza - IT - |
RZZLSN67P22L840D |
15.000 .Eur |
5,00 |
|
Martinetti Alessandro |
Alessandria - IT - |
MRTLSN81D29B885U |
43.500 .Eur |
14,50 |
|
Martinetti Guido |
MRTGDU79R11B885C |
43.500 .Eur |
14,50 |
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. Chinotto |
, 24 |
- 36100 |
- Vicenza |
(VI) |
- IT - |
|
PHONE |
: 0444962725 |
|
Legal mail |
: INFO.BOSSDIAMOND@ARUBAPEC.IT |
|
- |
Branch |
(office) |
since 07/01/2008 |
|
Piave Primo Piano |
, 16 |
- 36077 |
- Altavilla Vicentina |
(VI) |
- IT - |
|
- |
Branch |
(office) |
since 01/11/2010 |
|
Michelangelo |
, 1 |
- 15048 |
- Valenza |
(AL) |
- IT - |
|
Employees |
: 8 |
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of 7.000 |
Eur |
|
Stocks for a value of 820.000 |
Eur |
The firm operates abroad as importer..
To purchase foreign products the firm uses the following channels
:
|
- its own sales net-work |
Import comes generally from the following nations:
|
- Austria |
Historical
Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Sole-Member Limited Liability Company |
Limited liability company |
31/03/2009 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
ADAMANTES S.R.L |
BOSS DIAMOND SRL |
26/03/2009 |
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 |
|
ALTAVILLA VICENTINA (VI) |
Buildings |
4 |
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 |
ALTAVILLA VICENTINA (VI) VIA PIAVE, Piano T |
3 |
1050 |
29 |
cat. C/6 |
2 |
10 mq |
Euro:15,49 |
1875 |
|
B |
Proprieta' per 1/1 |
ALTAVILLA VICENTINA (VI) VIA PIAVE, Piano T |
3 |
1050 |
30 |
cat. C/6 |
2 |
10 mq |
Euro:15,49 |
1875 |
|
B |
Proprieta' per 1/1 |
ALTAVILLA VICENTINA (VI) VIA PIAVE, 16 Piano 1 |
3 |
1050 |
46 |
cat. A/10 |
2 |
2 vani |
Euro:480,30 |
|
|
B |
Proprieta' per 1/1 |
ALTAVILLA VICENTINA (VI) VIA PIAVE, 16 Piano 1 |
3 |
1050 |
47 |
cat. A/10 |
2 |
3,5 vani |
Euro:840,53 |
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
Company's starting of activities dates back to 1989.
An eco-fin analysis has been made on the base od the b/s fo the
years 2014, 2015 and 2016.
Under an economic point of view, profits were registered during
the last years with a r.o.e. of 15,65% in 2016 with a stable trend in the
turnover.
The operating result in 2016 was positive (11,13%) falling within
the field's average.
An operating result of Eur. 463.827 has been registered. , on more
or less the same values as in the year before.
The gross operating margin of the latest financial year is of Eur.
472.713 stable if compared to the financial year 2015.
Very good financial situation: shareholder's equity covers
short-terms debts with an indebtedness level equal to 0,74 which is yet rising
if compared to 2015.
The equity capital is equal to Eur. 1.931.276 on stable levels.
Total indebtedness was equal to Eur. 2.171.489 (Eur. 417.757 was
the value of m/l term debts) on the same levels as the year before.
Available funds are good.
The financial management generated a cash flow of Eur. 311.178.
Labour cost amounts to Eur. 268.061, with a 5,7% incidence on
production costs. , whereas 5,19% is the incidence on sales revenues.
Limited financial charges in relation to sales volume.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.166.697 |
|
Profit (Loss) for the period |
302.292 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.499.852 |
|
Profit (Loss) for the period |
421.658 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.188.534 |
|
Profit (Loss) for the period |
366.735 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.927.857 |
|
Profit (Loss) for the period |
298.386 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.047.602 |
|
Profit (Loss) for the period |
149.817 |
financials
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 |
0,02 |
0,02 |
0,02 |
0,09 |
|
Elasticity Ratio |
Units |
0,98 |
0,98 |
0,98 |
0,89 |
|
Availability of stock |
Units |
0,20 |
0,13 |
0,08 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,78 |
0,84 |
0,90 |
0,54 |
|
Quick Ratio |
Units |
0,08 |
0,09 |
0,05 |
0,03 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,74 |
0,69 |
1,93 |
3,95 |
|
Self Financing Ratio |
Units |
0,46 |
0,45 |
0,32 |
0,17 |
|
Capital protection Ratio |
Units |
0,69 |
0,57 |
0,49 |
0,62 |
|
Liabilities consolidation
quotient |
Units |
0,27 |
0,41 |
0,01 |
0,10 |
|
Financing |
Units |
1,12 |
1,21 |
2,08 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,58 |
0,61 |
0,33 |
0,29 |
|
M/L term Debts Ratio |
Units |
0,11 |
0,16 |
0,01 |
0,07 |
|
Net Financial Indebtedness
Ratio |
Units |
n.c. |
0,13 |
0,70 |
1,04 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
25,84 |
31,83 |
17,15 |
2,37 |
|
Current ratio |
Units |
2,32 |
2,49 |
1,46 |
1,18 |
|
Acid Test Ratio-Liquidity
Ratio |
Units |
1,85 |
2,15 |
1,35 |
0,80 |
|
Structure's primary quotient |
Units |
20,74 |
23,44 |
16,67 |
1,48 |
|
Treasury's primary quotient |
Units |
0,18 |
0,22 |
0,07 |
0,04 |
|
Rate of indebtedness (
Leverage ) |
% |
215,77 |
223,63 |
310,98 |
602,26 |
|
Current Capital ( net ) |
Value |
2.313.274 |
2.199.322 |
1.257.321 |
191.984 |
|
RETURN |
|||||
|
Return on Sales |
% |
6,02 |
8,09 |
7,29 |
2,03 |
|
Return on Equity - Net- (
R.O.E. ) |
% |
15,65 |
25,11 |
28,05 |
6,31 |
|
Return on Equity - Gross - (
R.O.E. ) |
% |
22,87 |
35,49 |
40,01 |
17,00 |
|
Return on Investment ( R.O.I.
) |
% |
11,13 |
15,00 |
15,44 |
4,18 |
|
Return/ Sales |
% |
8,98 |
10,24 |
10,14 |
3,46 |
|
Extra Management
revenues/charges incid. |
% |
65,17 |
74,89 |
58,42 |
27,96 |
|
Cash Flow |
Value |
311.178 |
444.896 |
451.157 |
44.823 |
|
Operating Profit |
Value |
463.827 |
563.070 |
627.756 |
74.603 |
|
Gross Operating Margin |
Value |
472.713 |
586.308 |
712.178 |
111.383 |
|
MANAGEMENT |
|||||
|
Credits to clients average
term |
Days |
n.c. |
180,02 |
200,83 |
113,70 |
|
Debts to suppliers average
term |
Days |
n.c. |
103,92 |
101,77 |
118,14 |
|
Average stock waiting period |
Days |
57,37 |
32,92 |
17,94 |
72,90 |
|
Rate of capital employed
return ( Turnover ) |
Units |
1,24 |
1,46 |
1,52 |
1,25 |
|
Rate of stock return |
Units |
6,27 |
10,94 |
20,07 |
4,88 |
|
Labour cost incidence |
% |
5,19 |
4,10 |
3,90 |
8,14 |
|
Net financial revenues/
charges incidence |
% |
-0,43 |
0,60 |
-1,69 |
-1,38 |
|
Labour cost on purchasing
expenses |
% |
5,70 |
4,56 |
4,34 |
8,25 |
|
Short-term financing charges |
% |
1,02 |
1,54 |
3,85 |
2,76 |
|
Capital on hand |
% |
80,65 |
68,27 |
65,70 |
79,85 |
|
Sales pro employee |
Value |
645.837 |
785.693 |
884.076 |
397.742 |
|
Labour cost pro employee |
Value |
33.507 |
32.203 |
34.442 |
33.267 |
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 9.175 significant companies.
The companies cash their credits
on an average of 114 dd.
The average duration of
suppliers debts is about 118 dd.
The sector's profitability is on
an average of 2,03%.
The labour cost affects the
turnover in the measure of 8,14%.
Goods are held in stock in a
range of 73 dd.
The difference between the sales
volume and the resources used to realize it is about 1,25.
The employees costs represent
the 8,25% of the production costs.
Statistical
Detrimental Data
Statistcally 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 63.76 |
|
|
1 |
INR 89.91 |
|
Euro |
1 |
INR 78.20 |
|
Euro |
1 |
INR 78.34 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KET |
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.