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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

486724

Report Date :

18.01.2018

 

IDENTIFICATION DETAILS

 

Name :

TE.M.A. S.R.L.

 

 

Registered Office :

Via Prato Pieve, 48, 24060 - Casazza (BG)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

24.06.1985

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

·         General mechanics

·         Manufacture of moulds, mould-holders, profiles, shapes for machines

·         Manufacture of electronic components and boards

·         Manufacture of meters electricity, gas, water and other liquids, analytical precision balance, apparatus for measuring and regulating (including separate parts and accessories)

 

 

No. of Employees :

From 51 to 70

 

 

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++

Minimum Risk

Business dealings permissible with minimum risk of default

 

Status :

Excellent

 

 

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

(30.06.2017)

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

 

TE.M.A. S.R.L.

 

Via                  Prato Pieve, 48

24060 - Casazza (BG) -IT-

 

 

Summary

 

Fiscal Code

:

01611900166

Legal Form

:

Limited Liability Company

start of Activities

:

01/10/1985

Equity

:

Over 2.582.254

Turnover Range

:

35.000.000/50.000.000

Number of Employees

:

From 51 to 70

 

 

Activity

 

General mechanics

Manufacture of moulds, mould-holders, profiles, shapes for machines

Manufacture of electronic components and boards

Manufacture of meters electricity, gas, water and other liquids, analytical precision balance, apparatus for measuring and regulating (including separate parts and accessories)

 

 

Legal Data

 

Legal Form : Limited liability company

Fiscal Code : 01611900166

 

Foreign Trade Reg. no. : 24837 of Bergamo since 23/04/1992

 

Chamber of Commerce no. : 222264 of Bergamo since 15/07/1985

 

Chamber of Commerce no. : 300452 of Varese

 

V.A.T. Code : 01611900166

 

Tribunal Co. Register : 26617 of

 

Foundation date

: 24/06/1985

Establishment date

: 24/06/1985

Start of Activities

: 01/10/1985

Legal duration

: 31/12/2050

Nominal Capital

: 1.500.000

Subscribed Capital

: 1.500.000

Paid up Capital

: 1.500.000

 

Legal mail :

TEMAITALY@PEC.IT

 

 

Members

 

Cadei

Carlo Bartolomeo

 

Born in Bergamo

(BG)

on 27/01/1955

- Fiscal Code : CDACLB55A27A794L

 

Residence:

Palazzine

, 26

- 24060

Fonteno

(BG)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole Director

 

No Prejudicial events are reported

 

No Protests registered

 

C E P S.r.l.

 

 

:

Brighenti

, 1

- 24065

Lovere

(BG)

- IT -

 

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.

 

Cadei

Carlo Bartolomeo

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Piemme Antincendi S.r.l.

Brescia (BS) - IT -

03183710171

Director

Withdrawn

Registered

Tema E Omac S.r.l. - In Liquidazione

Lovere (BG) - IT -

02322270162

Liquidator

Withdrawn

Ceased

Te.m.a. Service S.r.l.

Casazza (BG) - IT -

02574430167

Managing Director

Active

Registered

Te.m.a. Service S.r.l.

Casazza (BG) - IT -

02574430167

Board Chairman

Active

Registered

Tesaut Srl In Liquidazione

Lovere (BG) - IT -

02736800166

Liquidator

Withdrawn

Ceased

Cadei Carlo

Fonteno (BG) - IT -

CDACLB55A27A794L

Proprietor

Active

Registered

Cadei Carlo

Fonteno (BG) - IT -

CDACLB55A27A794L

Person in charge

Active

Registered

Ge. Fin. Ca. Srl

Lovere (BG) - IT -

02966280162

Sole Director

Active

Registered

Prima Engineering S.r.l.

Casazza (BG) - IT -

02625020983

Director

Withdrawn

Registered

Carlo Cadei E C. S.n.c.

Fonteno (BG) - IT -

00510710163

Director

Active

Registered

Carlo Cadei E C. S.n.c.

Fonteno (BG) - IT -

00510710163

Partner

Active

Registered

C E P S.r.l.

Lovere (BG) - IT -

04176700161

Sole 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

Bianchi Silvio

BNCSLV65M30Z133I

124.200 .Eur

8,28

Bianchi Riccardo

BNCRCR70S07I628R

275.100 .Eur

18,34

Pegurri Vittorio

PGRVTR58M14B100Q

30.000 .Eur

2,00

Pegurri Antonietta

PGRNNT54P55B530V

30.000 .Eur

2,00

C E P S.r.l.

Lovere - IT -

04176700161

1.040.700 .Eur

69,38

 

 

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

Te.m.a. Service S.r.l.

Casazza - IT -

02574430167

49.500 .Eur

99,00

Active

 

 

Firm's location and structure

 

In order to carry out its activities the firm uses the following locations:

 

-

Legal and operative seat

 

Prato Pieve

, 48

- 24060

- Casazza

(BG)

- IT -

 

Legal mail

: TEMAITALY@PEC.IT

 

-

Branch

(Operating branch)

since 08/11/2001

 

San Lorenzo In Cavellas

, 1/A

- 24060

- Casazza

(BG)

- IT -

 

-

Branch

(Workshop)

since 30/09/2005

 

Acquasparsa

- 24060

- Grone

(BG)

- IT -

 

-

Branch

(Sales office)

since 01/10/2005

 

Campiglio

, 89

- 21040

- Oggiona Con Santo Stefano

(VA)

- IT -

 

-

Branch

(Store)

since 01/07/1992

 

San Lorenzo In Cavellas

, 15

- 24060

- Casazza

(BG)

- IT -

 

-

Branch

(Store)

since 29/03/2013

 

S. Lorenzo In Cavellas

, 1

- 24060

- Casazza

(BG)

- IT -

 

Employees

: 66

 

Fittings and Equipment for a value of 720.000

Eur

 

Stocks for a value of 6.450.000

Eur

 

Work in progress for a value of 78.000

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 :

- direct orders from foreign companies

 

Import comes generally from the following nations:

- Italy

 

Export is mainly towards:

- Italy

 

- Hungary

 

Historical Information and/or Firm's Status

 

COMPANY'S CAPITAL CHANGES:

 

Former Type

Former Amount

New Type

New Amount

Changement Date

paid-up

134.279Eur

paid-up

253.064Eur

04/07/1990

 

 

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

CASAZZA (BG)

Buildings

8

15/01/2018

CASAZZA (BG)

Land

29

15/01/2018

GRONE (BG)

Buildings

1

15/01/2018

 

Buildings Details

 

Cadastre

Title

Location

Sheet No.

Particle No.

Sub No.

Categorie

Classe

Consistence

Cadastrial Rent

Part No.

B

Proprieta' per 1/1

CASAZZA (BG) VIA DRIONE, SN Piano T-1

MO/4

3921

701

cat. D/7

Euro: 13.484,00

B

Proprieta' per 1/1

CASAZZA (BG) VIA DRIONE, SN Piano 1

MO/4

3921

702

cat. A/10

2

7 vani

Euro:1.193,02

B

Proprieta' per 1/1

CASAZZA (BG) VIA DRIONE, SN Piano 2

MO/4

3921

703

cat. D/7

Euro: 2.214,00

B

Proprieta' per 1/1

CASAZZA (BG) VIA DRIONE, SN Piano 2

MO/4

3921

704

cat. D/7

Euro: 2.162,00

B

Da verificare

CASAZZA (BG) VIA SAN LORENZO IN CAVELLAS, 1 Piano T - 0001

MO/7

2759

cat. D/7

Euro: 7.648,73

827

B

Proprieta'

CASAZZA (BG) VIA SAN LORENZO IN CAVELLAS, 1 Piano T

MO/7

3295

cat. C/7

U

29 mq

Euro:43,43

826

B

Proprieta' per 1/1

CASAZZA (BG) VIA SAN LORENZO IN CAVELLAS, SN Piano T

MO/7

3977

1

cat. D/7

Euro: 4.410,54

B

Proprieta' per 1/1

CASAZZA (BG) VIA SAN LORENZO IN CAVELLAS, SN Piano T

MO/7

3977

2

cat. D/7

Euro: 3.832,11

B

Proprieta' per 1/1

GRONE (BG) VIA ACQUASPARSA, SN Piano T

5

4143

2

cat. D/7

Euro: 3.798,00

 

Land Details

 

Cadastre

Title

Location

Sheet No.

Particle No.

Sub No.

Category

Class

Consistence

Cadastrial Rent

Part No.

L

Proprieta' per 9954/100000

CASAZZA (BG) Sez.B

9

1045

SEMINATIVO

1

6 are 72 ca

R.D.Euro:2,78 R.A. Euro: 3,30

1398

L

Proprieta' per 9954/100000

CASAZZA (BG) Sez.B

9

1122

SEMINATIVO

2

25 ca

R.D.Euro:0,08 R.A. Euro: 0,11

1595

L

Proprieta' per 9954/100000

CASAZZA (BG) Sez.B

9

1348

PRATO

1

6 are 65 ca

R.D.Euro:2,23 R.A. Euro: 2,40

1397

L

Proprieta' per 1/1

CASAZZA (BG) Sez.B

9

263

SEMIN ARBOR

2

13 are 40 ca

R.D.Euro:4,50 R.A. Euro: 5,88

2171

L

Proprieta' per 9954/100000

CASAZZA (BG) Sez.B

9

2749

SEMIN ARBOR

2

60 ca

R.D.Euro:0,20 R.A. Euro: 0,26

1813

L

Proprieta' per 9954/100000

CASAZZA (BG) Sez.B

9

2760

SEMIN ARBOR

2

1 are 30 ca

R.D.Euro:0,44 R.A. Euro: 0,57

1783

L

Proprieta' per 1000/1000

CASAZZA (BG) Sez.B

9

3259

SEMINATIVO

1

60 ca

R.D.Euro:0,25 R.A. Euro: 0,29

1398

L

Proprieta' per 9954/100000

CASAZZA (BG) Sez.B

9

3261

SEMINATIVO

2

10 ca

R.D.Euro:0,03 R.A. Euro: 0,04

1595

L

Proprieta' per 9954/100000

CASAZZA (BG) Sez.B

9

327

SEMIN ARBOR

1

3 are 80 ca

R.D.Euro:1,57 R.A. Euro: 1,86

1783

L

Proprieta' per 9954/100000

CASAZZA (BG) Sez.B

9

3273

SEMIN ARBOR

3

30 ca

R.D.Euro:0,06 R.A. Euro: 0,11

1813

L

Proprieta' per 1000/1000

CASAZZA (BG) Sez.B

9

3280

PRATO

1

90 ca

R.D.Euro:0,30 R.A. Euro: 0,33

3421

L

Proprieta'

CASAZZA (BG) Sez.B

9

3283

SEMIN ARBOR

1

3 are 60 ca

R.D.Euro:1,49 R.A. Euro: 1,77

3421

L

Proprieta' per 1/1

CASAZZA (BG) Sez.B

9

329

SEMIN ARBOR

1

6 are 80 ca

R.D.Euro:2,81 R.A. Euro: 3,34

1305

L

Proprieta' per 9954/100000

CASAZZA (BG) Sez.B

9

3365

SEMIN ARBOR

2

8 are 85 ca

R.D.Euro:2,97 R.A. Euro: 3,89

1813

L

Proprieta' per 9954/100000

CASAZZA (BG) Sez.B

9

3394

SEMIN ARBOR

2

1 are 30 ca

R.D.Euro:0,44 R.A. Euro: 0,57

1813

L

Proprieta' per 9954/100000

CASAZZA (BG) Sez.B

9

3395

SEMIN ARBOR

2

1 are 75 ca

R.D.Euro:0,59 R.A. Euro: 0,77

1813

L

Proprieta' per 9954/100000

CASAZZA (BG) Sez.B

9

3396

SEMIN ARBOR

3

13 ca

R.D.Euro:0,03 R.A. Euro: 0,05

1813

L

Proprieta'

CASAZZA (BG) Sez.B

9

3776

SEMIN ARBOR

1

3 are 5 ca

R.D.Euro:1,26 R.A. Euro: 1,50

2989

L

Proprieta'

CASAZZA (BG) Sez.B

9

3778

SEMINATIVO

1

2 are 16 ca

R.D.Euro:0,89 R.A. Euro: 1,06

1398

L

Proprieta'

CASAZZA (BG) Sez.B

9

3781

PRATO ARBOR

1

1 are 31 ca

R.D.Euro:0,44 R.A. Euro: 0,54

1783

L

Proprieta'

CASAZZA (BG) Sez.B

9

3783

PRATO ARBOR

1

1 are 40 ca

R.D.Euro:0,47 R.A. Euro: 0,58

1813

L

Proprieta' per 1/1

CASAZZA (BG) Sez.B

9

3920

SEMIN ARBOR

1

1 are 65 ca

R.D.Euro:0,68 R.A. Euro: 0,81

1441

L

Proprieta' per 1/1

CASAZZA (BG) Sez.B

9

3922

SEMIN ARBOR

1

3 are 8 ca

R.D.Euro:1,27 R.A. Euro: 1,51

1441

L

Proprieta' per 1/1

CASAZZA (BG) Sez.B

9

5018

SEMIN ARBOR

2

75 ca

R.D.Euro:0,25 R.A. Euro: 0,33

L

Proprieta' per 1/1

CASAZZA (BG) Sez.B

9

5020

PRATO

3

55 ca

R.D.Euro:0,10 R.A. Euro: 0,16

L

Proprieta' per 1/1

CASAZZA (BG) Sez.B

9

5021

PRATO

3

4 are 95 ca

R.D.Euro:0,89 R.A. Euro: 1,41

L

Proprieta' per 1/1

CASAZZA (BG) Sez.B

9

5023

PRATO

3

10 ca

R.D.Euro:0,02 R.A. Euro: 0,03

L

Proprieta' per 9954/100000

CASAZZA (BG) Sez.B

9

788

SEMIN ARBOR

2

7 are

R.D.Euro:2,35 R.A. Euro: 3,07

1813

L

Proprieta' per 9954/100000

CASAZZA (BG) Sez.B

9

789

BOSCO CEDUO

2

1 are 85 ca

R.D.Euro:0,38 R.A. Euro: 0,03

1813

 

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 1985.

The eonomic-financial analysis is based on the latest 3 b/s.

Under an economic point of view, profits were registered during the last years with a r.o.e. of 29,14% in 2016

The return on Investment in the last financial year was positive (18,32%) and reflects the field's average.

The operating result is positive and amounts to Eur. 6.517.412 increasing if compared to the yeart 2015.

The G.O.M. amounted to Eur. 6.965.243 showing an upward trend if compared to 2015.

Excellent equity structure since liquidity is higher than short term liabilities.

It's shareholders funds amount to Eur. 14.999.367 , increasing by 30,6% if compared to the year before.

Total debts recorded amounted to Eur. 19.152.176 (Eur. 6.502.412 of which were m/l term debts) , a more or less stable value.

Bank and suppliers credit recourse is limited, 78,18 gg. is payment average period below the sector's average.

The management determines a good range of liquidity.

Due from customers average term is high and equal to 92,76 days. yet lower than the sector's average.

As far as the cash flow is concerned during the latest financial year it amounted to Eur. 4.818.741

Labour cost amounts to Eur. 2.879.097, with a 10,34% incidence on production costs. , whereas the incidence of such costs on sales revenues is equal to 8,11%.

If compared to the sales volume (-0,39%), the impact of the financial charges is limited.



Financial Data

 

Complete balance-sheet for the year

al 31/12/2016

(in Eur

x 1)

 

Item Type

Value

Sales

35.493.319

Profit (Loss) for the period

4.370.910

 

Complete balance-sheet for the year

al 31/12/2015

(in Eur

x 1)

 

Item Type

Value

Sales

39.121.648

Profit (Loss) for the period

3.171.292

 

Complete balance-sheet for the year

al 31/12/2014

(in Eur

x 1)

 

Item Type

Value

Sales

18.386.916

Profit (Loss) for the period

1.256.919

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

14.096.967

Profit (Loss) for the period

768.173

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

14.892.352

Profit (Loss) for the period

968.246


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

 

Years

2016

2015

2014

BALANCE SHEET ACCOUNTS

 

ASSETS

CREDITS VS PARTNERS

. Deposits not yet withdrawn

. Deposits already withdrawn

Total credits vs partners

FIXED ASSETS

. INTANGIBLE FIXED ASSETS

. . Start-up and expansion expenses

694

1.388

2.082

. . Research,develop. and advert.expens.

. . Industrial patent rights

. . Concessions,licenses,trademarks,etc.

. . Goodwill

. . Assets in formation and advance paymen.

. . Other intangible fixed assets

26.990

30.927

22.465

. Total Intangible Fixed Assets

27.684

32.315

24.547

. TANGIBLE FIXED ASSETS

. . Real estate

2.509.487

1.280.184

1.271.095

. . Plant and machinery

308.396

374.849

448.623

. . Industrial and commercial equipment

416.179

480.561

367.010

. . Other assets

211.794

224.587

239.503

. . Assets under construction and advances

. Total Tangible fixed assets

3.445.856

2.360.181

2.326.231

. FINANCIAL FIXED ASSETS

. . Equity investments

10.098

17.098

17.098

. . . Equity invest. in subsidiary companies

10.098

17.098

17.098

. . . Equity invest. in associated companies

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

. . Financial receivables

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivab due from subsidiaries

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from assoc.comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from third parties

. . . . Within 12 months

. . . . Beyond 12 months

. . Other securities

. . Own shares

. . . Total nominal value

. Total financial fixed assets

10.098

17.098

17.098

Total fixed assets

3.483.638

2.409.594

2.367.876

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

867.328

466.726

150.087

. . Work in progress and semimanufactured

2.461.249

983.794

2.078.016

. . Work in progress on order

77.808

803.864

439.167

. . Finished goods

3.039.525

5.041.303

2.761.131

. . Advance payments

. Total Inventories

6.445.910

7.295.687

5.428.401

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

9.906.414

12.946.364

6.800.189

. . Beyond 12 months

12.739

51.381

. . Trade receivables

9.145.496

10.310.233

6.473.420

. . . . Within 12 months

9.145.496

10.310.233

6.473.420

. . . . Beyond 12 months

. . Receivables due from subsid. comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Fiscal Receivables

703.148

1.913.709

51.381

. . . . Within 12 months

703.148

1.900.970

. . . . Beyond 12 months

12.739

51.381

. . Receivables for anticipated taxes

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from third parties

57.770

735.161

326.769

. . . . Within 12 months

57.770

735.161

326.769

. . . . Beyond 12 months

. Total Credits not held as fixed assets

9.906.414

12.959.103

6.851.570

. FINANCIAL ASSETS

. . Equity invest. in subsidiary comp.

. . Equity invest. in associated companies

. . Equity invest. in holding companies

. . Other equity investments

. . Own shares

. . . Total nominale value

. . Other securities

. Total Financial Assets

. LIQUID FUNDS

. . Bank and post office deposits

15.103.587

10.869.283

5.770.320

. . Checks

. . Banknotes and coins

6.962

343

1.262

. Total Liquid funds

15.110.549

10.869.626

5.771.582

Total current assets

31.462.873

31.124.416

18.051.553

ADJUSTMENT ACCOUNTS

. Discount on loans

633.534

653.908

. Other adjustment accounts

636.145

Total adjustments accounts

636.145

633.534

653.908

TOTAL ASSETS

35.582.656

34.167.544

21.073.337

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

1.500.000

1.500.000

1.500.000

. Additional paid-in capital

. Revaluation reserves

. Legal reserve

300.000

227.667

164.821

. Reserve for Own shares

. Statute reserves

. Other reserves

8.828.457

6.585.377

5.891.304

. Accumulated Profits (Losses)

. Profit( loss) of the year

4.370.910

3.171.292

1.256.919

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

14.999.367

11.484.336

8.813.044

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

. . Taxation fund, also differed

. . Other funds

5.878

Total Reserves for Risks and Charges

5.878

Employee termination indemnities

1.235.093

1.180.315

1.069.814

ACCOUNTS PAYABLE

. . . . Within 12 months

12.649.764

15.268.333

7.653.913

. . . . Beyond 12 months

6.502.412

6.036.468

3.362.689

. . Bonds

. . . . Within 12 months

. . . . Beyond 12 months

. . Convertible bonds repayable

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to shareholders for financing

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to banks

11.544.720

9.334.187

5.691.883

. . . . Within 12 months

5.042.308

3.297.719

2.329.194

. . . . Beyond 12 months

6.502.412

6.036.468

3.362.689

. . Due to other providers of finance

. . . . Within 12 months

. . . . Beyond 12 months

. . Advances from customers

1.361.949

1.330.301

987.356

. . . . Within 12 months

1.361.949

1.330.301

987.356

. . . . Beyond 12 months

. . Trade payables

5.060.024

9.364.909

3.712.186

. . . . Within 12 months

5.060.024

9.364.909

3.712.186

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

325.000

103.000

31.000

. . . . Within 12 months

325.000

103.000

31.000

. . . . Beyond 12 months

. . Due to associated companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to holding companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to the tax authorities

575.214

934.730

378.782

. . . . Within 12 months

575.214

934.730

378.782

. . . . Beyond 12 months

. . Due to social security and welfare inst.

114.709

115.439

102.640

. . . . Within 12 months

114.709

115.439

102.640

. . . . Beyond 12 months

. . Other payables

170.560

122.235

112.755

. . . . Within 12 months

170.560

122.235

112.755

. . . . Beyond 12 months

Total accounts payable

19.152.176

21.304.801

11.016.602

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

190.142

198.092

173.877

Total adjustment accounts

190.142

198.092

173.877

TOTAL LIABILITIES

35.582.656

34.167.544

21.073.337

 

 

 

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

Risk accounts

Civil and fiscal norms relation

 

 

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

35.493.319

39.121.648

18.386.916

. Changes in work in progress

-524.323

1.185.949

986.973

. Changes in semi-manufact. products

-726.056

364.697

115.621

. Capitalization of internal work

. Other income and revenues

129.567

85.697

14.758

. . Contributions for operating expenses

79.845

24.821

. . Different income and revenues

49.722

60.876

14.758

Total value of production

34.372.507

40.757.991

19.504.268

PRODUCTION COSTS

. Raw material,other materials and consum.

17.655.171

25.903.975

9.681.485

. Services received

6.539.886

6.329.503

. Leases and rentals

602.062

624.324

4.897.002

. Payroll and related costs

2.879.097

2.819.339

2.456.589

. . Wages and salaries

2.088.789

2.023.250

1.752.190

. . Social security contributions

638.436

654.681

578.690

. . Employee termination indemnities

151.484

141.090

125.412

. . Pension and similar

388

318

297

. . Other costs

. Amortization and depreciation

447.831

406.782

336.305

. . Amortization of intangible fixed assets

4.632

4.632

3.175

. . Amortization of tangible fixed assets

396.056

349.418

299.704

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

47.143

52.732

33.426

. Changes in raw materials

-400.602

-316.639

-91.254

. Provisions to risk reserves

. Other provisions

. Other operating costs

131.650

158.080

106.748

Total production costs

27.855.095

35.925.364

17.386.875

Diff. between value and cost of product.

6.517.412

4.832.627

2.117.393

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

15.560

14.204

42.146

. . Financ.income from receivables

. . . Towards subsidiary companies

. . . Towards associated companies

. . . Towards holding companies

. . . Towards other companies

. . Financ.income from secur. t.f.assets

. . Financ.income from secur. cur.assets

. . Financ.income other than the above

15.560

14.204

42.146

. . . - Subsidiary companies

. . . - Associated companies

. . . - Holding companies

. . . - Other companies

15.560

14.204

42.146

. Interest and other financial expense

-152.701

-131.810

-146.688

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

-146.688

Total financial income and expense

-137.141

-117.606

-104.542

ADJUSTMENTS TO FINANCIAL ASSETS

. Revaluations

. . Of equity investments

. . Of financ.fixed assets not repres.E.I.

. . Of securities incl.among current assets

. Devaluation

. . Of equity investments

. . Of financial fixed assets (no equity inv)

. . Of securities included among current ass

Total adjustments to financial assets

EXTRAORDINARY INCOME AND EXPENSE

. Extraordinary income

2

. . Gains on disposals

. . Other extraordinary income

2

. Extraordinary expense

-2

. . Losses on disposals

. . Taxes relating to prior years

. . Other extraordinary expense

-2

Total extraordinary income and expense

2

-2

Results before income taxes

6.380.271

4.715.023

2.012.849

. Taxes on current income

2.009.361

1.543.731

755.930

. . current taxes

2.009.361

1.543.731

756.601

. . differed taxes(anticip.)

-671

. Net income for the period

4.370.910

3.171.292

1.256.919

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

4.370.910

3.171.292

1.256.919

 

 

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

0,10

0,07

0,11

0,21

Elasticity Ratio

Units

0,88

0,91

0,86

0,77

Availability of stock

Units

0,18

0,21

0,26

0,18

Total Liquidity Ratio

Units

0,70

0,70

0,60

0,54

Quick Ratio

Units

0,42

0,32

0,27

0,02

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

n.c.

0,38

0,21

1,71

Self Financing Ratio

Units

0,42

0,34

0,42

0,27

Capital protection Ratio

Units

0,61

0,59

0,69

0,59

Liabilities consolidation quotient

Units

0,61

0,47

0,58

0,19

Financing

Units

1,28

1,86

1,25

2,33

Permanent Indebtedness Ratio

Units

0,64

0,55

0,63

0,44

M/L term Debts Ratio

Units

0,22

0,21

0,21

0,09

Net Financial Indebtedness Ratio

Units

0,00

0,00

0,00

0,41

CORRELATION

Fixed assets ratio

Units

6,53

7,76

5,59

1,65

Current ratio

Units

2,49

2,04

2,36

1,32

Acid Test Ratio-Liquidity Ratio

Units

1,98

1,56

1,65

1,00

Structure's primary quotient

Units

4,31

4,77

3,72

1,22

Treasury's primary quotient

Units

1,19

0,71

0,75

0,05

Rate of indebtedness ( Leverage )

%

237,23

297,51

239,12

376,67

Current Capital ( net )

Value

18.813.109

15.856.083

10.397.640

796.650

RETURN

Return on Sales

%

13,58

9,15

8,66

5,35

Return on Equity - Net- ( R.O.E. )

%

29,14

27,61

14,26

10,29

Return on Equity - Gross - ( R.O.E. )

%

42,54

41,06

22,84

22,86

Return on Investment ( R.O.I. )

%

18,32

14,14

10,05

5,63

Return/ Sales

%

18,36

12,35

11,52

5,38

Extra Management revenues/charges incid.

%

67,07

65,62

59,36

45,02

Cash Flow

Value

4.818.741

3.578.074

1.593.224

317.766

Operating Profit

Value

6.517.412

4.832.627

2.117.393

286.496

Gross Operating Margin

Value

6.965.243

5.239.409

2.453.698

442.666

MANAGEMENT

Credits to clients average term

Days

92,76

94,88

126,74

122,22

Debts to suppliers average term

Days

78,18

103,73

92,43

130,98

Average stock waiting period

Days

65,38

67,14

106,28

60,49

Rate of capital employed return ( Turnover )

Units

1,00

1,14

0,87

1,10

Rate of stock return

Units

5,51

5,36

3,39

5,95

Labour cost incidence

%

8,11

7,21

13,36

17,39

Net financial revenues/ charges incidence

%

-0,39

-0,30

-0,57

-0,94

Labour cost on purchasing expenses

%

10,34

7,85

14,13

18,81

Short-term financing charges

%

0,80

0,62

1,33

2,60

Capital on hand

%

100,25

87,34

114,61

90,41

Sales pro employee

Value

398.801

444.564

241.933

213.861

Labour cost pro employee

Value

32.349

32.037

32.323

36.396

 

 

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

:

1.022.428

Population living in the region

:

9.393.092

Number of families in the region

:

3.858.736

 

Monthly family expences average in the region (in Eur..) :

 

- per food products

:

460

- per non food products

:

2.090

- per energy consume

:

114



Sector Data

 

The values are calculated on a base of 1.172 significant companies.

The companies cash their credits on an average of 122 dd.

The average duration of suppliers debts is about 131 dd.

The sector's profitability is on an average of 5,35%.

The labour cost affects the turnover in the measure of 17,39%.

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 1,10.

The employees costs represent the 18,81% 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 50.886 protested subjects are found; in the province they count to 4.150.

The insolvency index for the region is 0,55, , while for the province it is 0,41.

Total Bankrupt companies in the province : 4.376.

Total Bankrupt companies in the region : 39.612.

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.97

UK Pound

1

INR 88.13

Euro

1

INR 78.35

Euro

1

INR 77.88

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.