|
|
|
MIRA
INFORM REPORT
|
Report No. : |
495937 |
|
Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
OMB SALERI SPA |
|
|
|
|
Registered Office : |
Via Rose Di Sotto, 38/C, 25126 -
Brescia (BS) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
13.05.1980 |
|
|
|
|
Legal Form : |
Joint Stock Company with Sole Shareholder |
|
|
|
|
Line of Business : |
·
Manufacture of other
metal products ·
Manufacture of safes,
coffers and steel-clad doors ·
Manufacture of other
taps and valves |
|
|
|
|
No. of Employees : |
From 131 To 150 |
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 (30.09.2017) |
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 & address
OMB SALERI SPA
Via Rose Di Sotto, 38/C
25126 - Brescia (BS) -IT-
Summary
|
Fiscal Code |
: |
01538780170 |
|
Legal Form |
: |
Joint Stock Company with Sole Shareholder |
|
start of Activities |
: |
13/05/1980 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
From 131 To 150 |
Activity
Manufacture of other metal products
Manufacture of safes, coffers and steel-clad
doors
Manufacture of other taps and valves
Legal Data
Legal Form : Joint stock company with sole
shareholder
|
Register of Handcraft firms : 80489 of
Brescia since 31/07/1980 until 10/12/1992 |
|
Fiscal Code : 01538780170 |
|
Foreign Trade Reg. no. : BS004900 since
09/12/1991 |
|
Foreign Trade Reg. no. : 004900 of Brescia
since 09/12/1991 |
|
Chamber of Commerce no. : 243222 of Brescia
since 17/06/1980 |
|
Firms' Register : BS029-17913 of Brescia
since 19/02/1996 |
|
V.A.T. Code : 01538780170 |
|
Tribunal Co. Register : 17913 of |
|
Foundation date |
: 13/05/1980 |
|
|
Establishment date |
: 13/05/1980 |
|
|
Start of Activities |
: 13/05/1980 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.500.000 |
|
|
Subscribed Capital |
: 1.500.000 |
|
|
Paid up Capital |
: 1.500.000 |
|
Legal mail : |
OMBSALERI@LEGALMAIL.IT |
Members
|
|
Saleri |
Paride |
|
|
Born in Lumezzane |
(BS) |
on 06/01/1950 |
- Fiscal Code : SLRPRD50A06E738Z |
|
|
Residence: |
Cave |
, 19 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
29/04/2016 |
17.301 - |
0,00 |
|
Director |
29/04/2016 |
17.301 - |
0,00 |
|
Managing Director |
29/04/2016 |
17.301 - |
0,00 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Pentere S.r.l. |
|
|
: |
Rose Di Sotto |
, 38/C |
- 25126 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Saleri |
Diomira Angela |
|
|
Born in Lumezzane |
(BS) |
on 11/02/1951 |
- Fiscal Code : SLRDRN51B51E738N |
|
|
Residence: |
D'azeglio |
, 1/H |
- 25065 |
Lumezzane |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2016 |
||
|
Managing Director |
29/04/2016 |
|
|
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.
|
|
Saleri |
Paride |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
O.a.r.a. S.r.l. - In Liquidazione |
Calcinato (BS) - IT - |
02061560179 |
Chairman |
Withdrawn |
Registered |
|
Faro S.r.l. |
Brescia (BS) - IT - |
03209420177 |
Chairman |
Active |
Registered |
|
|
Saleri |
Diomira Angela |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Pentere S.r.l. |
Brescia (BS) - IT - |
02905330987 |
Director |
Active |
Registered |
|
Pentere S.r.l. |
Brescia (BS) - IT - |
02905330987 |
Managing 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 |
|
Pentere S.r.l. |
Brescia - IT - |
02905330987 |
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 |
|
Lumenergia S.p.a. |
Lumezzane - IT - |
03405300173 |
900 .Eur |
0,30 |
Active |
||
|
Faro S.r.l. |
Brescia - IT - |
03209420177 |
15.200 .Eur |
95,00 |
Active |
||
|
Istituto Superiore Di Formazione E Ricer ca
2000 Societa' Consortile Per Azioni, |
Brescia - IT - |
03063890176 |
8 .Eur |
Ceased |
|||
|
Misal S.r.l. |
03402150985 |
8.500 .Eur |
68,00 |
Active |
Firm's location
and structure
In order to carry out its activities the firm
uses the following locations:
|
- |
Legal and operative seat |
since 22/07/1992 |
|
Rose Di Sotto |
, 38/C |
- 25100 |
- Brescia |
(BS) |
- IT - |
|
PHONE |
: 030251543 |
|
PHONE |
: 0303195801 |
|
FAX |
: 0303732872 |
|
Legal mail |
: OMBSALERI@LEGALMAIL.IT |
|
- |
Branch |
(Store) |
since 14/03/2017 |
|
Dell'industria |
, 14 |
- 25020 |
- Azzano Mella |
(BS) |
- IT - |
|
Employees |
: 143 |
|
Fittings and Equipment for a value of
4.450.000 |
Eur |
|
Stocks for a value of 6.610.000 |
Eur |
|
Vehiclesfor a good value. |
The firm operates abroad as exporter..
Export represents from 20% to 50% of the
global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Austria |
|
- Italy |
|
- Belgium |
Historical
Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
General partnership |
Limited liability company |
22/07/1992 |
|
Limited liability company |
Joint stock company |
05/06/1998 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Officina Meccanica Bresciani dei F.lli
P.eamp; B. Saleri Snc |
22/07/1992 |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of splitting-up and tranfer into |
|
|
|
|
Rose Di Sotto |
, 38/C |
, 25126 |
, Brescia |
(BS) |
- IT - |
|
|
Fiscal Code: 02905330987 |
|
|
Date |
Merging/splitting-up project: |
26/07/2007 |
|
|
Splitting-up and transfer of assets to |
|
|
|
|
Rose Di Sotto |
, 38/C |
, 25126 |
, Brescia |
(BS) |
- IT - |
|
|
Fiscal Code: 02905330987 |
|
|
Date |
Splitting-up: |
30/11/2007 |
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
The company is active since 1980
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 6,5% in 2016 keeping the
turnover steady during the last two years.
The operating result in 2016 was positive
(2,49%) falling within the field's average.
The amount of the operating result is equal
to Eur. 571.664 with no increase in relation to the financial year 2015.
A gross operating margine for a value of Eur.
2.421.031 was reached. with no sensible increase as against 2015.
The financial status of the company is fairly
balanced with an indebtedness level of 2,65 but with an increase as against the
previous accounting period.
Subject can manage an equity capital funds
for an amount of Eur. 4.874.725 , unchanged if compared to 2015.
In the year 2016 total debts amounted to Eur.
16.436.053 on the same levels as the year before.
Both financial indebtedness and suppliers
exposure are rather high however still within the sector's average.
The available funds are good.
Credits are collected in 79,85 days on the
average. , shorter than the sector's average.
As far as the cash flow is concerned during
the latest financial year it amounted to Eur. 2.166.280
During 2016 financial year labour costs
amounted to Eur. 7.071.492, with a 22,9% incidence on production costs. ,
whereas the incidence of such costs on sales revenues is equal to 22,82%.
If compared to the sales volume (-0,17%), 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 |
30.989.075 |
|
Profit (Loss) for the period |
316.913 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
32.823.827 |
|
Profit (Loss) for the period |
235.579 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
31.769.954 |
|
Profit (Loss) for the period |
17.389 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
28.854.735 |
|
Profit (Loss) for the period |
88.097 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
33.309.118 |
|
Profit (Loss) for the period |
121.451 |
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 |
0,29 |
0,31 |
0,32 |
0,26 |
|
Elasticity Ratio |
Units |
0,67 |
0,68 |
0,67 |
0,73 |
|
Availability of stock |
Units |
0,29 |
0,29 |
0,28 |
0,23 |
|
Total Liquidity Ratio |
Units |
0,38 |
0,39 |
0,39 |
0,44 |
|
Quick Ratio |
Units |
0,03 |
0,02 |
0,04 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
2,65 |
2,55 |
2,80 |
1,74 |
|
Self Financing Ratio |
Units |
0,21 |
0,20 |
0,19 |
0,29 |
|
Capital protection Ratio |
Units |
0,63 |
0,62 |
0,65 |
0,64 |
|
Liabilities consolidation quotient |
Units |
0,25 |
0,45 |
0,38 |
0,22 |
|
Financing |
Units |
3,37 |
3,75 |
4,01 |
2,30 |
|
Permanent Indebtedness Ratio |
Units |
0,36 |
0,43 |
0,40 |
0,46 |
|
M/L term Debts Ratio |
Units |
0,15 |
0,24 |
0,21 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
1,69 |
1,87 |
1,84 |
0,49 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,23 |
1,40 |
1,24 |
1,63 |
|
Current ratio |
Units |
1,14 |
1,29 |
1,18 |
1,32 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,65 |
0,74 |
0,69 |
0,86 |
|
Structure's primary quotient |
Units |
0,72 |
0,63 |
0,58 |
1,05 |
|
Treasury's primary quotient |
Units |
0,05 |
0,04 |
0,08 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
471,06 |
509,08 |
534,84 |
349,01 |
|
Current Capital ( net ) |
Value |
1.839.079 |
3.524.348 |
2.382.429 |
753.266 |
|
RETURN |
|||||
|
Return on Sales |
% |
6,99 |
6,27 |
6,30 |
5,13 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
6,50 |
5,17 |
0,40 |
7,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
8,59 |
7,79 |
7,97 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
2,49 |
2,52 |
3,23 |
5,36 |
|
Return/ Sales |
% |
1,84 |
1,78 |
2,35 |
5,57 |
|
Extra Management revenues/charges incid. |
% |
55,44 |
40,34 |
2,33 |
42,11 |
|
Cash Flow |
Value |
2.166.280 |
2.056.600 |
2.001.390 |
344.143 |
|
Operating Profit |
Value |
571.664 |
584.056 |
745.683 |
359.008 |
|
Gross Operating Margin |
Value |
2.421.031 |
2.405.077 |
2.729.684 |
705.726 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
79,85 |
83,47 |
80,69 |
101,37 |
|
Debts to suppliers average term |
Days |
104,60 |
101,94 |
116,15 |
115,52 |
|
Average stock waiting period |
Days |
76,81 |
72,88 |
72,68 |
80,62 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,35 |
1,41 |
1,37 |
1,07 |
|
Rate of stock return |
Units |
4,69 |
4,94 |
4,95 |
4,40 |
|
Labour cost incidence |
% |
22,82 |
21,00 |
20,60 |
16,91 |
|
Net financial revenues/ charges incidence |
% |
-0,17 |
-0,75 |
-0,19 |
-1,19 |
|
Labour cost on purchasing expenses |
% |
22,90 |
20,89 |
20,50 |
17,25 |
|
Short-term financing charges |
% |
0,51 |
1,59 |
0,52 |
2,71 |
|
Capital on hand |
% |
74,10 |
70,69 |
72,76 |
93,00 |
|
Sales pro employee |
Value |
140.859 |
152.668 |
155.735 |
223.920 |
|
Labour cost pro employee |
Value |
32.143 |
32.061 |
32.081 |
35.625 |
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 918
significant companies.
The companies cash their credits on an
average of 101 dd.
The average duration of suppliers debts is
about 116 dd.
The sector's profitability is on an average
of 5,13%.
The labour cost affects the turnover in the
measure of 16,91%.
Goods are held in stock in a range of 81 dd.
The difference between the sales volume and
the resources used to realize it is about 1,07.
The employees costs represent the 17,25% of
the production costs.
Statistical
Detrimental Data
Statistically the trade activity shows
periods of crisis.
The area is statistically considered
moderately risky.
In the region 50.886 protested subjects are
found; in the province they count to 5.551.
The insolvency index for the region is 0,55,
, while for the province it is 0,48.
Total Bankrupt companies in the province :
3.452.
Total Bankrupt companies in the region :
39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.22 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
|
Euro |
1 |
INR 80.15 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
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.