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|
MIRA INFORM REPORT
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Report No. : |
494778 |
|
Report Date : |
03.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
NEMO S.R.L. |
|
|
|
|
Registered Office : |
Via Monte
Bianco, 2/A, 20149- Milano(MI)-IT |
|
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Country : |
Italy |
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Financials (as on) : |
31.12.2016 |
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|
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Date of Incorporation : |
19.12.2012 |
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Legal Form : |
Limited liability company |
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|
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Line of Business : |
Manufacture of other lighting equipment |
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|
|
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No. of Employees : |
From 16 to 25 |
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 |
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|
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Payment Behaviour : |
Regular |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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’s economy compromises 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%.
|
Source : CIA |
Company
name and address
|
Nemo S.r.l. |
|
Via |
Monte Bianco, |
2/A |
|
20149 |
- Milano |
(MI) |
-IT- |
Summary
|
Fiscal Code |
: |
08053950963 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
28/12/2012 |
|
Equity |
: |
2.000.000 |
|
Turnover Range |
: |
9.000.000/10.000.000 |
|
Number of Employees |
: |
from 16 to 25 |
Activity
Manufacture of other lighting equipment
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 08053950963 |
|
Chamber of Commerce no. : 1887204 of Monza e Brianza |
|
Chamber of Commerce no. : 2000443 of Milano since 20/12/2012 |
|
V.A.T. Code : 08053950963 |
|
Establishment date |
: 19/12/2012 |
|
|
Start of Activities |
: 28/12/2012 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 100.000 |
|
|
Subscribed Capital |
: 100.000 |
|
|
Paid up Capital |
: 100.000 |
|
Legal mail : |
NEMO-SRL@LEGALMAIL.IT |
Members
|
|
Palma |
Giulio |
|
|
Born in Como |
(CO) |
on 09/05/1973 |
- Fiscal Code : PLMGLI73E09C933D |
|
|
Residence: |
Monte Bianco |
, 2/A |
- 20149 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2016 |
|
|
Parachini |
Cesare |
|
|
Born in Milano |
(MI) |
on 12/04/1966 |
- Fiscal Code : PRCCSR66D12F205J |
|
|
Residence: |
Monte Bianco |
, 2/A |
- 20149 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/06/2016 |
|
|
Palazzari |
Federico |
|
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Born in Terni |
(TR) |
on 31/03/1972 |
- Fiscal Code : PLZFRC72C31L117E |
|
|
Residence: |
Monte Bianco |
, 2/A |
- 20149 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
05/02/2016 |
||
|
Director |
28/06/2016 |
||
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Board Chairman |
28/06/2016 |
||
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Managing Director |
31/08/2016 |
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Prejudicial Events found with cancellations* |
Legal Mortgage - 08/10/2009. -
2.791 Euro. Event writing-off
|
|
EQUITALIA
GERIT S. P. A. |
|
|
No Protests registered |
*Concerns also partially erased events.
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.
|
|
Palazzari |
Federico |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Palazzari E Turries S.r.l. In Liquidazione |
Milano (MI) - IT - |
07706030967 |
Liquidator |
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 |
|
Palazzari Federico |
Milano - IT - |
PLZFRC72C31L117E |
100.000 .Eur |
100,00 |
Direct Participations
The Company under review has no participations in other Companies.
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Monte Bianco |
, 2/A |
- 20100 |
- Milano |
(MI) |
- IT - |
|
Legal mail |
: NEMO-SRL@LEGALMAIL.IT |
|
- |
Branch |
since 01/01/2013 |
|
Provinciale |
, 201 |
- 20060 |
- Truccazzano |
(MI) |
- IT - |
|
- |
Branch |
(Shop) |
since 24/02/2014 |
|
Santa Cecilia |
, 2 |
- 20100 |
- Milano |
(MI) |
- IT - |
|
- |
Branch |
since 01/01/2013 |
|
Brianza |
, 30 |
- 20030 |
- Lentate sul Seveso |
(MB) |
- IT - |
|
- |
Branch |
(Administrative office) |
since 01/01/2013 |
|
Busnelli |
, 1 |
- 20036 |
- Meda |
(MB) |
- IT - |
|
Employees |
: 20 |
|
Stocks for a value of 800.000 |
Eur |
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
|
Monte Bianco |
, 2/A |
, 20149 |
, Milano |
(MI) |
- IT - |
|
|
Fiscal Code: 04601080965 |
|
|
Date |
Merging/splitting-up project: |
20/11/2015 |
|
|
The firm absorbed by merging of |
|
|
|
|
Monte Bianco |
, 2/A |
, 20149 |
, Milano |
(MI) |
- IT - |
|
|
Fiscal Code: 04601080965 |
|
|
Date |
: |
01/02/2016 |
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 2012.
An eco-fin analysis has been made on the base od the b/s fo the years
2014, 2015 and 2016.
Under the financial profile unstable results are noted. yet with a
positive result in the 2016 (r.o.e. 60,34%). The turnover is growing in the
last financial year (+33,58%).
The operating result was positive in the last financial year (21,33%)
and even better than sector's average.
The operating result is positive and amounts to Eur. 1.515.074
increasing if compared to the yeart 2015.
The gross operating margin of the latest financial year is of Eur.
1.842.094 showing an upward trend if compared to 2015.
Company's financial status is balanced since indebtedness is not high (1,41)
and decreasing as against 2015.
The equity capital is equal to Eur. 1.636.392 , rising by 43,79%.
Total indebtedness was equal to Eur. 5.011.229 (Eur. 1.447.402 was the
value of m/l term debts) , a more or less stable value.
Available funds are good.
During financial year 2016 the cash flow amounted to Eur. 1.314.370
Subordinate employment cost is of Eur. 902.497, i.e. 10,59% on total
production costs. , with a 9,06% incidence on turnover.
The financial management has a limited economic impact, equal to -0,33%
on the sales.
Financial Data
|
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.962.821 |
|
Profit (Loss) for the period |
987.350 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
7.457.824 |
|
Profit (Loss) for the period |
-50.501 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.280.242 |
|
Profit (Loss) for the period |
-34.591 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.923.491 |
|
Profit (Loss) for the period |
223.062 |
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 |
0,35 |
0,34 |
0,36 |
0,23 |
|
Elasticity Ratio |
Units |
0,65 |
0,58 |
0,55 |
0,74 |
|
Availability of stock |
Units |
0,11 |
0,18 |
0,15 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,54 |
0,40 |
0,40 |
0,45 |
|
Quick Ratio |
Units |
0,18 |
0,05 |
0,10 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,41 |
2,72 |
1,76 |
3,08 |
|
Self Financing Ratio |
Units |
0,23 |
0,19 |
0,23 |
0,21 |
|
Capital protection Ratio |
Units |
0,34 |
0,96 |
0,94 |
0,69 |
|
Liabilities consolidation quotient |
Units |
0,47 |
0,35 |
0,50 |
0,19 |
|
Financing |
Units |
3,06 |
3,84 |
3,14 |
3,45 |
|
Permanent Indebtedness Ratio |
Units |
0,47 |
0,39 |
0,47 |
0,44 |
|
M/L term Debts Ratio |
Units |
0,24 |
0,20 |
0,25 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,73 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,34 |
1,17 |
1,31 |
1,57 |
|
Current ratio |
Units |
1,30 |
1,02 |
1,12 |
1,24 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,07 |
0,70 |
0,81 |
0,81 |
|
Structure's primary quotient |
Units |
0,66 |
0,57 |
0,63 |
0,91 |
|
Treasury's primary quotient |
Units |
0,35 |
0,09 |
0,20 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
434,10 |
520,77 |
443,47 |
464,89 |
|
Current Capital ( net ) |
Value |
1.057.880 |
76.883 |
322.215 |
219.225 |
|
RETURN |
|||||
|
Return on Sales |
% |
13,19 |
2,19 |
-0,02 |
3,97 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
60,34 |
-4,44 |
-2,91 |
3,54 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
90,61 |
-4,11 |
-2,02 |
12,55 |
|
Return on Investment ( R.O.I. ) |
% |
21,33 |
-0,40 |
-0,08 |
4,32 |
|
Return/ Sales |
% |
15,21 |
-0,32 |
-0,08 |
4,40 |
|
Extra Management revenues/charges incid. |
% |
65,17 |
n.c. |
n.c. |
22,31 |
|
Cash Flow |
Value |
1.314.370 |
163.492 |
-890 |
114.915 |
|
Operating Profit |
Value |
1.515.074 |
-23.719 |
-4.292 |
124.608 |
|
Gross Operating Margin |
Value |
1.842.094 |
190.274 |
29.409 |
219.165 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
96,99 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
129,39 |
|
Average stock waiting period |
Days |
28,77 |
52,46 |
55,48 |
86,28 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,40 |
1,26 |
1,00 |
1,05 |
|
Rate of stock return |
Units |
12,51 |
6,86 |
6,49 |
4,16 |
|
Labour cost incidence |
% |
9,06 |
10,09 |
11,49 |
16,32 |
|
Net financial revenues/ charges incidence |
% |
-0,33 |
-0,31 |
-0,37 |
-2,12 |
|
Labour cost on purchasing expenses |
% |
10,59 |
10,00 |
11,46 |
16,16 |
|
Short-term financing charges |
% |
0,66 |
0,57 |
0,75 |
2,78 |
|
Capital on hand |
% |
71,30 |
79,46 |
99,82 |
94,29 |
|
Sales pro employee |
Value |
355.815 |
324.253 |
293.346 |
224.630 |
|
Labour cost pro employee |
Value |
32.232 |
32.709 |
33.704 |
33.193 |
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 221 significant companies.
The companies cash their credits on an average of 97 dd.
The average duration of suppliers debts is about 129 dd.
The sector's profitability is on an average of 3,97%.
The labour cost affects the turnover in the measure of 16,32%.
Goods are held in stock in a range of 86 dd.
The difference between the sales volume and the resources used to
realize it is about 1,05.
The employees costs represent the 16,16% 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 50.886 protested subjects are found; in the province they
count to 24.765.
The insolvency index for the region is 0,55, , while for the province it
is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.23 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
|
Euro |
1 |
INR 80.31 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
SYL |
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.