|
|
|
MIRA INFORM REPORT
|
Report No. : |
487664 |
|
Report Date : |
23.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
FA-MA JERSEY - S.P.A. |
|
|
|
|
Registered Office : |
Via Bruno Buozzi, 13 59100
– Prato (PO) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
26.03.1963 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
·
Manufacture Of Textiles Weaving Of
Textiles ·
Manufacture of other knitted and
crocheted apparel |
|
|
|
|
No. of Employees : |
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 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. 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 more than 0.8% each year, but picked up in 2017. In 2017, overall unemployment was 11.4%, but youth unemployment remained high at 37.1%.
|
Source
: CIA |
Company
name and address
Fa-ma Jersey - S.p.a.
Via Bruno Buozzi, 13
59100
– Prato (PO) -IT-
Summary
|
Fiscal Code |
: |
00434460481 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
26/03/1963 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
9.000.000/10.000.000 |
|
Number of Employees |
: |
from 26 to 35 |
Activity
MANUFACTURE OF TEXTILES Weaving of textiles
Manufacture of other knitted and crocheted apparel
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 00434460481 |
|
Foreign Trade Reg. no. : PO006481 since 28/12/1991 |
|
Chamber of Commerce no. : 230612 of Prato since 23/04/1971 |
|
Chamber of Commerce no. : 64862 of Pistoia |
|
Firms' Register : PO005-2506 of Prato since 19/02/1996 |
|
V.A.T. Code : 00234520971 |
|
Foundation date |
: 26/03/1963 |
|
|
Establishment date |
: 26/03/1963 |
|
|
Start of Activities |
: 26/03/1963 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 1.144.000 |
|
|
Subscribed Capital |
: 1.144.000 |
|
|
Paid up Capital |
: 1.144.000 |
|
Legal mail : |
FAMAJERSEY@PEC.IT |
Members
|
|
Guarducci |
Foresto |
|
|
Born in Prato |
(FI) |
on 19/05/1944 |
- Fiscal Code : GRDFST44E19G999U |
|
|
Residence: |
Guido Bisori |
, 44 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
15/12/2016 |
|
|
Maranghi |
Marco |
|
|
Born in Prato |
(FI) |
on 14/05/1959 |
- Fiscal Code : MRNMRC59E14G999T |
|
|
Residence: |
Buozzi |
, 13 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Board Chairman |
15/12/2016 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Maranghi |
Roberta |
|
|
Born in Firenze |
(FI) |
on 22/04/1964 |
- Fiscal Code : MRNRRT64D62D612E |
|
|
Residence: |
Lombarda |
, 81 |
- 59015 |
Carmignano |
(PO) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Managing Director |
15/12/2016 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Maranghi Enrico |
|
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.
|
|
Maranghi |
Marco |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Immobiliare Tiepolo Di Marco, Roberta EdEnrico Maranghi
S.n.c. |
Prato (PO) - IT - |
84000670483 |
Partner |
Active |
Registered |
|
Fjwd Srl In Liquidazione |
Prato (PO) - IT - |
01904580972 |
Sole
Director |
Withdrawn |
Registered |
|
Fjwd Srl In Liquidazione |
Prato (PO) - IT - |
01904580972 |
Sole
partner |
Active |
Registered |
|
Finfama S.r.l. |
Prato (PO) - IT - |
01479910471 |
Managing
Director |
Active |
Registered |
|
Finfama S.r.l. |
Prato (PO) - IT - |
01479910471 |
Director |
Withdrawn |
Registered |
|
|
Maranghi |
Roberta |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Immobiliare Tiepolo Di Marco, Roberta EdEnrico Maranghi
S.n.c. |
Prato (PO) - IT - |
84000670483 |
Partner |
Active |
Registered |
|
Finfama S.r.l. |
Prato (PO) - IT - |
01479910471 |
Board
Chairman |
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 |
|
Maranghi Marco |
Prato - IT - |
MRNMRC59E14G999T |
381.334
.Eur |
33,33 |
|
Maranghi Roberta |
Carmignano - IT - |
MRNRRT64D62D612E |
381.334
.Eur |
33,33 |
|
Maranghi Enrico |
MRNNRC70C16G999R |
381.332
.Eur |
33,33 |
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 Pistoiese Per L'energia |
Pistoia - IT - |
01402450470 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the
following locations:
|
- |
Legal and operative seat |
since 05/01/1979 |
|
Bruno Buozzi |
, 13 |
- 50047 |
- Prato |
(PO) |
- IT - |
|
PHONE |
: 0573934291 |
|
FAX |
: 0573534440 |
|
Legal mail |
: FAMAJERSEY@PEC.IT |
|
- |
Branch |
(Factory) |
|
Settola |
, 22 |
- 51100 |
- Pistoia |
(PT) |
- IT - |
|
Employees |
: 32 |
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of 1.910.000 |
Eur |
|
Stocks for a value of 2.840.000 |
Eur |
|
Furniture and fittings for a value of 52.000 |
Eur |
|
Vehicles for a value of 52.000 |
Eur |
Sales are on an international scale.
Export is mainly towards:
|
- France |
|
- Germany |
|
- Great Britain |
|
- Sweden |
|
- Stati Uniti |
|
- Australia |
Traded
Brands / Suppliers
|
- S.I.M.P. SRL |
|
- Platza |
|
- BioCotton |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement
Date |
|
Limited partnership |
Joint stock company |
02/01/1981 |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Splitting-up project and setting-up of new co |
|
|
Date |
Merging/Splitting-up Project-New Company: |
12/06/2002 |
|
|
Splitting-up and setting-up of a new company |
|
|
|
|
Bruno Buozzi |
, 13 |
, 59100 |
, Prato |
(PO) |
- IT - |
|
|
Fiscal Code: 01479910471 |
|
|
Date |
Splitting-up: |
09/12/2002 |
|
|
Project of merging by taking over of |
|
|
|
|
, 50047 |
, Prato |
(PO) |
- IT - |
|
|
Fiscal Code: 01454220482 |
|
|
Date |
Merging/splitting-up project: |
23/06/2005 |
|
|
The firm absorbed by merging of |
|
|
|
|
, 50047 |
, Prato |
(PO) |
- IT - |
|
|
Fiscal Code: 01454220482 |
|
|
Date |
: |
27/12/2005 |
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.
Bankers
The firm operates with:
|
Bank Name |
Agency
Name |
Address |
ZIP
Code |
City |
ABI
Code |
CAB
Code |
|
BANCA TOSCANA |
PIAZZA IV NOVEMBRE 54 |
AGLIANA |
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
Company's starting of activities dates back to 1963.
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 11,23% in 2016 but without a significant
increase in the turnover.
The return on Investment in the last financial year was
positive (4,53%) falling within the field's average.
The amount of the operating result is equal to Eur. 346.059
with an increase of 61,68% if the compared to the previous financial year.
The G.O.M. amounted to Eur. 744.678 with no sensible
increase as against 2015.
The financial status of the company is fairly balanced with
an indebtedness level of 1,16 with an improving trend as on the decrease.
The management generated equity capital for an amount of
Eur. 2.512.976 on the same levels as the year before.
During the last financial year total debts volume reached
Eur. 4.245.027 (Eur. 622.695 were m/l term ones) , a more or less stable value.
Financial debts exposure is under control while the recourse
to commercial credit is rather frequent but lined up with the field's average.
It shows a good range of liquidity.
Accounts receivable average term is 52,24 days. , a value
lower than the sector's average.
The financial management generated a cash flow of Eur.
604.632.
In the last financial year labour cost was of Eur. 1.545.325,
with a 16,87% incidence on total costs of production. , with a 16,97% incidence
on turnover.
The financial management has a limited economic impact,
equal to -0,05% on the sales.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.104.967 |
|
Profit (Loss) for the period |
282.201 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.698.527 |
|
Profit (Loss) for the period |
195.640 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.162.352 |
|
Profit (Loss) for the period |
45.316 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.965.039 |
|
Profit (Loss) for the period |
-119.662 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.924.472 |
|
Profit (Loss) for the period |
-521.474 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,29 |
0,28 |
0,35 |
0,29 |
|
Elasticity Ratio |
Units |
0,71 |
0,72 |
0,65 |
0,70 |
|
Availability of stock |
Units |
0,37 |
0,36 |
0,36 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,34 |
0,36 |
0,30 |
0,39 |
|
Quick Ratio |
Units |
0,09 |
0,12 |
0,07 |
0,01 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,16 |
1,50 |
0,88 |
1,69 |
|
Self Financing Ratio |
Units |
0,33 |
0,28 |
0,27 |
0,29 |
|
Capital protection Ratio |
Units |
0,43 |
0,40 |
0,42 |
0,71 |
|
Liabilities consolidation quotient |
Units |
0,33 |
0,27 |
1,22 |
0,26 |
|
Financing |
Units |
1,69 |
2,19 |
2,29 |
2,12 |
|
Permanent Indebtedness Ratio |
Units |
0,48 |
0,43 |
0,66 |
0,45 |
|
M/L term Debts Ratio |
Units |
0,16 |
0,15 |
0,38 |
0,13 |
|
Net Financial Indebtedness Ratio |
Units |
0,37 |
0,50 |
0,87 |
0,96 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,67 |
1,55 |
1,89 |
1,38 |
|
Current ratio |
Units |
1,49 |
1,33 |
2,07 |
1,25 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,71 |
0,66 |
0,94 |
0,75 |
|
Structure's primary quotient |
Units |
1,13 |
1,02 |
0,79 |
0,90 |
|
Treasury's primary quotient |
Units |
0,20 |
0,22 |
0,24 |
0,03 |
|
Rate of indebtedness ( Leverage ) |
% |
304,16 |
353,15 |
364,86 |
339,62 |
|
Current Capital ( net ) |
Value |
1.782.661 |
1.407.338 |
2.499.334 |
1.615.606 |
|
RETURN |
|||||
|
Return on Sales |
% |
6,64 |
6,76 |
4,38 |
1,74 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
11,23 |
8,77 |
2,23 |
0,25 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
13,59 |
10,90 |
4,90 |
2,94 |
|
Return on Investment ( R.O.I. ) |
% |
4,53 |
2,72 |
-0,95 |
2,31 |
|
Return/ Sales |
% |
3,80 |
2,46 |
-0,77 |
2,50 |
|
Extra Management revenues/charges incid. |
% |
81,55 |
91,41 |
n.c. |
8,02 |
|
Cash Flow |
Value |
604.632 |
587.902 |
401.221 |
210.372 |
|
Operating Profit |
Value |
346.059 |
214.031 |
-70.839 |
359.192 |
|
Gross Operating Margin |
Value |
744.678 |
698.085 |
391.364 |
692.382 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
52,24 |
67,15 |
44,00 |
111,18 |
|
Debts to suppliers average term |
Days |
104,23 |
123,19 |
93,83 |
104,44 |
|
Average stock waiting period |
Days |
112,39 |
118,08 |
103,65 |
86,89 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,19 |
1,10 |
1,23 |
1,04 |
|
Rate of stock return |
Units |
3,20 |
3,05 |
3,47 |
4,12 |
|
Labour cost incidence |
% |
16,97 |
17,70 |
17,35 |
15,12 |
|
Net financial revenues/ charges incidence |
% |
-0,05 |
-0,04 |
0,03 |
-2,07 |
|
Labour cost on purchasing expenses |
% |
16,87 |
17,66 |
17,03 |
14,82 |
|
Short-term financing charges |
% |
0,18 |
0,20 |
0,27 |
3,48 |
|
Capital on hand |
% |
83,95 |
90,57 |
81,04 |
95,83 |
|
Sales pro employee |
Value |
189.686 |
181.219 |
186.986 |
237.592 |
|
Labour cost pro employee |
Value |
32.194 |
32.084 |
32.442 |
33.432 |
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 |
: |
|
Statistical
Detrimental Data
Statistically the trade activity passes through serious
crises.
The area is statistically considered moderately risky.
In the region 24.960 protested subjects are found; in the
province they count to 2.055.
The insolvency index for the region is 0,70, , while for the
province it is 0,88.
Total Bankrupt companies in the province : 3.109.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.89 |
|
|
1 |
INR 88.59 |
|
Euro |
1 |
INR 78.12 |
|
Euro |
1 |
INR 78.21 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
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.