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MIRA INFORM REPORT
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Report No. : |
516016 |
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Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
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Name : |
SCHNELL HOME S.R.L. |
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Registered Office : |
Via Borghetto, 2 Zona Industraile San Libe, 61036 - Colli Al Metauro (PU) |
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Country : |
Italy |
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Financials (as on) : |
31.12.2017 |
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Date of Incorporation : |
13.12.2006 |
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Legal Form : |
Sole-Member Limited Liability Company |
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Line of Business : |
Manufacture of Other Mechanic Products and Other General-Purpose
Machinery |
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No. of Employees : |
From 6 to 10 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
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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 (31.12.2017) |
Current Rating (01.04.2018) |
|
Italy |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
ITALY - ECONOMIC OVERVIEW
Italy’s economy comprises a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, with a legacy of unemployment and underdevelopment. 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 records. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's longstanding structural economic problems, including 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 2011. In 2015-16, Italy’s economy grew at about 1% each year, and in 2017 growth accelerated to 1.5% of GDP. In 2017, overall unemployment was 11.4%, but youth unemployment remained high at 37.1%.
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Source
: CIA |
Company name & address
SCHNELL HOME S.R.L.
Via Borghetto, 2 Zona Industraile San Libe
61036 - Colli Al Metauro (PU) -IT-
Summary
|
Fiscal Code |
: |
02278860412 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
13/12/2006 |
|
Equity |
: |
1.500.000 |
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Turnover Range |
: |
2.250.000/3.000.000 |
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Number of Employees |
: |
From 6 to 10 |
Activity
Manufacture of other mechanic products and other general-purpose
machinery
Legal
Data
Legal Form : Sole-Member Limited Liability Company
|
Fiscal Code : 02278860412 |
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Chamber of Commerce no. : 168619 of Pesaro since 02/01/2007 |
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V.A.T. Code : 02278860412 |
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Establishment date |
: 13/12/2006 |
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Start of Activities |
: 13/12/2006 |
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Legal duration |
: 31/12/2050 |
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Nominal Capital |
: 200.000 |
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Subscribed Capital |
: 200.000 |
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Paid up Capital |
: 200.000 |
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Legal mail : |
SCHNELLHOME@PEC.IT |
Members
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|
Schnell S.p.a. |
|
|
Residence: |
Borghetto |
, 2 |
- 61036 |
Colli Al Metauro |
(PS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
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Sole partner |
|
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No Prejudicial events are reported |
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No Protests registered |
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Rupoli |
Alessandro |
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Born in Fano |
(PS) |
on 02/04/1923 |
- Fiscal Code : RPLLSN23D02D488S |
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Residence: |
Belgatto |
, 46 |
- 61032 |
Fano |
(PS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
31/03/2014 |
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No Prejudicial events are reported |
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No Protests registered |
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Rossetti |
Loriano |
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Born in Senigallia |
(AN) |
on 25/04/1965 |
- Fiscal Code : RSSLRN65D25I608Y |
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Residence: |
Intercomunale Filetto |
, 183/A |
- 60019 |
Senigallia |
(AN) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Procurator |
28/03/2007 |
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No Prejudicial events are reported |
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No Protests registered |
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Morotti |
Morena |
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Born in Pesaro |
(PS) |
on 29/09/1969 |
- Fiscal Code : MRTMRN69P69G479X |
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Residence: |
Iv Novembre |
, 151 |
- 61032 |
Fano |
(PS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
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Attorney with special power |
08/11/2012 |
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No Prejudicial events are reported |
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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.
|
|
Rupoli |
Alessandro |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
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SCHNELL MECCANICA S.R.L. |
Fano (PS) - IT - |
00645950411 |
Sole Director |
Withdrawn |
Merged |
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Schnell S.p.a. |
Colli Al Metauro (PS) - IT - |
00112900410 |
Director |
Active |
Registered |
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Schnell S.p.a. |
Colli Al Metauro (PS) - IT - |
00112900410 |
Sole Director |
Withdrawn |
Registered |
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Schnell S.p.a. |
Colli Al Metauro (PS) - IT - |
00112900410 |
Board Chairman |
Active |
Registered |
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Schnell House Italia S.r.l. |
Montemaggiore Al Metauro (PS) - IT - |
02379700418 |
Sole 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 |
|
Schnell S.p.a. |
Colli Al Metauro - IT - |
00112900410 |
100,00 |
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 |
|
Panel Service Srl |
02604400420 |
20.000 .Eur |
100,00 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Borghetto |
, 2 |
- 61036 |
- Colli al Metauro |
(PU) |
- IT - |
|
Legal mail |
: SCHNELLHOME@PEC.IT |
|
Employees |
: 10 |
|
Stocks for a value of 1.260.000 |
Eur |
Historical
Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
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Project of splitting-up and tranfer into |
|
Schnell S.p.a. |
|
|
Borghetto |
, 2 |
, 61036 |
, Colli Al Metauro |
(PS) |
- IT - |
|
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Fiscal Code: 00112900410 |
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Date |
Merging/splitting-up project: |
09/10/2013 |
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Splitting-up and transfer of assets to |
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Schnell S.p.a. |
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Borghetto |
, 2 |
, 61036 |
, Colli Al Metauro |
(PS) |
- IT - |
|
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Fiscal Code: 00112900410 |
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|
Date |
Splitting-up: |
27/12/2013 |
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
Company's starting of activities dates back to 2006.
The analysis is based on the latest 3 balance sheets.
Under the financial profile unstable results are noted. with a profit
(r.o.e. 2,6%) in the last financial year In the last financial year a drop in
sales has been registered (-37,86%).
The operating result was positive in the last financial year (2,83%) and
in line with the sector's average.
The amount of the operating result for the year 2017 is of Eur. 133.414
recording a drop as opposed to the year before (-64,99%).
The gross operating margin of the latest financial year is of Eur.
198.105 showing a downward trend as opposed to the previous year.
The financial status of the company is fairly balanced with an
indebtedness level of 2,24 and decreasing as against 2016.
It's shareholders funds amount to Eur. 1.071.537 on stable levels.
Available funds are good.
The financial management generated a cash flow of Eur. 92.537.
In the last financial year labour cost was of Eur. 320.969, with a 10,98%
incidence on total costs of production. , whereas 14,2% is the incidence on
sales revenues.
If compared to the sales volume (-0,1%), the impact of the financial
charges is limited.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2017 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.259.782 |
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Profit (Loss) for the period |
27.846 |
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Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
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Item Type |
Value |
|
Sales |
3.636.646 |
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Profit (Loss) for the period |
269.916 |
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Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
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Item Type |
Value |
|
Sales |
1.627.818 |
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Profit (Loss) for the period |
-157.414 |
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Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
835.943 |
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Profit (Loss) for the period |
-300.938 |
|
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Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
10.010.384 |
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Profit (Loss) for the period |
145.488 |
Balance
Sheets
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
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- Balance Sheet as at 31/12/2017 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet as at 31/12/2016 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet as at 31/12/2015 - 12 Mesi - Currency: - Amounts x 1 |
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RATIOS |
Value Type |
as at 31/12/2017 |
as at 31/12/2016 |
as at 31/12/2015 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,02 |
0,03 |
0,11 |
0,18 |
|
Elasticity Ratio |
Units |
0,97 |
0,96 |
0,89 |
0,79 |
|
Availability of stock |
Units |
0,27 |
0,09 |
0,04 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,70 |
0,88 |
0,85 |
0,52 |
|
Quick Ratio |
Units |
0,23 |
0,10 |
0,55 |
0,03 |
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COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
2,24 |
2,57 |
n.c. |
3,01 |
|
Self Financing Ratio |
Units |
0,23 |
0,24 |
0,41 |
0,19 |
|
Capital protection Ratio |
Units |
0,79 |
0,55 |
0,94 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,02 |
0,02 |
0,06 |
0,16 |
|
Financing |
Units |
3,25 |
2,99 |
1,28 |
3,56 |
|
Permanent Indebtedness Ratio |
Units |
0,24 |
0,26 |
0,44 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,02 |
0,02 |
0,03 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,69 |
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CORRELATION |
|||||
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Fixed assets ratio |
Units |
11,87 |
7,50 |
3,92 |
1,65 |
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Current ratio |
Units |
1,31 |
1,33 |
1,67 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,95 |
1,20 |
1,60 |
0,86 |
|
Structure's primary quotient |
Units |
11,12 |
7,06 |
3,66 |
1,02 |
|
Treasury's primary quotient |
Units |
0,31 |
0,14 |
1,03 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
439,50 |
411,46 |
241,35 |
509,92 |
|
Current Capital ( net ) |
Value |
1.071.605 |
1.018.651 |
666.545 |
330.495 |
|
RETURN |
|||||
|
Return on Sales |
% |
4,09 |
9,22 |
-5,61 |
3,79 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
2,60 |
25,86 |
-20,34 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
12,23 |
35,64 |
-27,66 |
18,82 |
|
Return on Investment ( R.O.I. ) |
% |
2,83 |
8,87 |
-12,23 |
4,89 |
|
Return/ Sales |
% |
5,90 |
10,48 |
-14,03 |
4,78 |
|
Extra Management revenues/charges incid. |
% |
20,87 |
70,82 |
n.c. |
29,96 |
|
Cash Flow |
Value |
92.537 |
335.211 |
-91.365 |
165.166 |
|
Operating Profit |
Value |
133.414 |
381.119 |
-228.324 |
225.594 |
|
Gross Operating Margin |
Value |
198.105 |
446.414 |
-162.275 |
376.080 |
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MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
111,07 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
127,44 |
|
Average stock waiting period |
Days |
200,19 |
37,86 |
16,13 |
62,88 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,48 |
0,85 |
0,87 |
1,10 |
|
Rate of stock return |
Units |
1,80 |
9,51 |
22,32 |
5,58 |
|
Labour cost incidence |
% |
14,20 |
9,44 |
19,04 |
18,94 |
|
Net financial revenues/ charges incidence |
% |
-0,10 |
-0,25 |
0,88 |
-1,15 |
|
Labour cost on purchasing expenses |
% |
10,98 |
10,56 |
17,86 |
18,99 |
|
Short-term financing charges |
% |
0,07 |
0,29 |
n.c. |
2,55 |
|
Capital on hand |
% |
208,40 |
118,09 |
114,72 |
90,89 |
|
Sales pro employee |
Value |
225.978 |
363.664 |
180.868 |
199.007 |
|
Labour cost pro employee |
Value |
32.096 |
34.328 |
34.438 |
34.820 |
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.
Sector
Data
The values are calculated on a base of 1.964 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 127 dd.
The sector's profitability is on an average of 3,79%.
The labour cost affects the turnover in the measure of 18,94%.
Goods are held in stock in a range of 63 dd.
The difference between the sales volume and the resources used to
realize it is about 1,10.
The employees costs represent the 18,99% of the production costs.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.77 |
|
|
1 |
INR 89.95 |
|
Euro |
1 |
INR 78.85 |
|
Euro |
1 |
INR 79.18 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
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.