MIRA INFORM REPORT

 

 

Report No. :

497582

Report Date :

15.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

ALICE S.R.L.

 

 

Registered Office :

Via Dell'agricoltura, 4 

09034 - Elmas (CA) -IT-

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

22.02.1999

 

 

Legal Form :

Limited liability company

 

 

Line of Business :
  • Non-specialised wholesale of deep-frozen products
  • Retail sale of deep-frozen products
  • Cold storage warehouses for third parties

 

 

No. of Employees :

from 111 to 130

 

 

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+

Low Risk

Business dealings permissible with low risk of default

 

Status :

Good

 

 

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

(30.09.2017)

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

 

Alice S.r.l.

 

Via Dell'agricoltura, 4  

09034 - Elmas (CA) -IT-

 

Summary

 

Fiscal Code

:

02442200925

Legal Form

:

Limited liability company

start of Activities

:

22/02/1999

Equity

:

Over 2.582.254

Turnover Range

:

25.000.000/35.000.000

Number of Employees

:

from 111 to 130

 

 

Activity

 

Non-specialised wholesale of deep-frozen products

Retail sale of deep-frozen products

Cold storage warehouses for third parties

 

 

Legal Data

 

Legal Form : Limited liability company

Fiscal Code : 02442200925

 

Foreign Trade Reg. no. : CA004479 since 03/05/1999

 

Chamber of Commerce no. : 200065 of Cagliari since 07/07/1998

 

Chamber of Commerce no. : 104484 of Nuoro

 

Chamber of Commerce no. : 126122 of Oristano

 

Chamber of Commerce no. : 134752 of Sassari

 

Firms' Register : CA-1998-26952 of Cagliari since 07/07/1998

 

V.A.T. Code : 02442200925

 

Establishment date

: 02/06/1998

Start of Activities

: 22/02/1999

Legal duration

: 31/12/2028

Nominal Capital

: 30.988

Subscribed Capital

: 30.988

Paid up Capital

: 30.988

 

Legal mail :

ALICE.SRL@PEC.IT

 

Members

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Verde.gif

Manunza

Pietro Cesare

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Vuoto.gif

Born in Siliqua

(CA)

on 26/02/1954

- Fiscal Code : MNNPRC54B26I734R

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Vuoto.gif

Residence:

Catania

, 1

- 09013

Carbonia

(CA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole Director

03/02/2014

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Vuoto.gif

No Prejudicial events are reported

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Vuoto.gif

No Protests registered

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Verde.gif

Loche

Maria Teresa

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Vuoto.gif

Born in Oristano

(OR)

on 22/11/1955

- Fiscal Code : LCHMTR55S62G113R

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Vuoto.gif

Residence:

Catania

, 1

- 09013

Carbonia

(CA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Partner

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Vuoto.gif

No Prejudicial events are reported

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Vuoto.gif

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.

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Verde.gif

Manunza

Pietro Cesare

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Alice Surgelati Di Manunza Pietro CesareE C. S.n.c.

Carbonia (CA) - IT -

01658800923

Partner

Withdrawn

Registered

Il Pinguino Suergelati Di Romano Lucia EC. S.n.c.

Carbonia (CA) - IT -

02351300922

Partner

Withdrawn

Registered

Geotur S.r.l.

Iglesias (CA) - IT -

02463280921

Director

Active

Registered

Geotur S.r.l.

Iglesias (CA) - IT -

02463280921

General Partner

Withdrawn

Registered

Geotur S.r.l.

Iglesias (CA) - IT -

02463280921

Limited Partner

Withdrawn

Registered

Alice Surgelati Di Manunza Pietro Cesare

Carbonia (CA) - IT -

MNNPRC54B26I734R

Proprietor

Withdrawn

Ceased

Sitzia Carlo Luigi E Davide S.r.l. Denominazione Abbreviata Sitzia D. E C. S.r.l

Cagliari (CA) - IT -

02745280921

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

Manunza Pietro Cesare

Carbonia - IT -

MNNPRC54B26I734R

15.184 .Eur

48,99

Loche Maria Teresa

Carbonia - IT -

LCHMTR55S62G113R

15.184 .Eur

48,99

Romano Lucia

Carbonia - IT -

RMNLCU73A59G113H

620 .Eur

2,00

 

 

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

Consorzio Ittico Mediterraneo

03133980924

Active

 

 

Firm's location and structure

 

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

 

-

Legal and operative seat

 

Dell'agricoltura

, 4

- 09030

- Elmas

(CA)

- IT -

 

PHONE

: 0702355025

 

Legal mail

: ALICE.SRL@PEC.IT

 

-

Branch

(Store)

since 16/09/2002

 

Predda Niedda Sud Strada

, 45

- 07100

- Sassari

(SS)

- IT -

 

Trading Style: ALICE SURGELATI

 

Total Surface: 108 Sq.mt.

 

PHONE

: 0781660202

 

PHONE

: 078378463

 

FAX

: 0783763305

 

-

Branch

(Shop)

since 24/02/2003

 

Sardegna

, 37/B

- 07041

- Alghero

(SS)

- IT -

 

Total Surface: 90 Sq.mt.

 

-

Branch

(Shop)

since 10/04/2000

 

Pino Ferralasco

, 7-8

- 09017

- Sant'Antioco

(CA)

- IT -

 

Trading Style: ALICE SURGELATI

 

Total Surface: 50 Sq.mt.

 

PHONE

: 0781800019

 

FAX

: 078162065

 

-

Branch

(Shop)

since 29/06/2009

 

Vignola

, 42

- 07026

- Olbia

(SS)

- IT -

 

Trading Style: ALICE SURGELATI

 

Total Surface: 139 Sq.mt.

 

-

Branch

(Factory)

since 12/04/1999

 

Stazione

, SNC

- 09013

- Carbonia

(CA)

- IT -

 

Trading Style: ALICE SURGELATI

 

Total Surface: 116 Sq.mt.

 

PHONE

: 0781660202

 

-

Branch

(Warehouse)

since 05/10/1999

 

Roma

, S.N.

- 09013

- Carbonia

(CA)

- IT -

 

PHONE

: 0781674711

 

-

Branch

since 19/08/2009

 

La Playa

, 3

- 09100

- Cagliari

(CA)

- IT -

 

-

Branch

(Shop)

since 05/08/1999

 

Santa Caterina

, 1/3

- 09013

- Carbonia

(CA)

- IT -

 

-

Branch

(Shop)

since 10/04/2000

 

Metalla

, 14/16

- 09016

- Iglesias

(CA)

- IT -

 

Trading Style: ALICE SURGELATI

 

Total Surface: 115 Sq.mt.

 

-

Branch

(Shop)

since 03/04/2000

 

Stazione

, S.N.C.

- 09013

- Carbonia

(CA)

- IT -

 

Trading Style: ALICE SURGELATI

 

Total Surface: 116 Sq.mt.

 

-

Branch

(office)

since 12/01/2009

 

Nazionale

, SNC

- 09013

- Carbonia

(CA)

- IT -

 

-

Branch

(Shop)

since 16/09/2002

 

Marconi

, SN

- 09170

- Oristano

(OR)

- IT -

 

Trading Style: ALICE SURGELATI

 

Total Surface: 108 Sq.mt.

 

-

Branch

(Shop)

since 18/09/2017

 

Roma

, 19 - 21

- 07036

- Sennori

(SS)

- IT -

 

-

Branch

(Shop)

since 16/12/2015

 

Brigata Sassari

, 38

- 08100

- Nuoro

(NU)

- IT -

 

-

Branch

(Shop)

since 24/12/2015

 

Ettore Sacchi

, 17/B

- 07046

- Porto Torres

(SS)

- IT -

 

Total Surface: 80 Sq.mt.

 

-

Branch

(Store)

since 28/11/2015

 

Predda Niedda Strada 5

, SNC

- 07100

- Sassari

(SS)

- IT -

 

Employees

: 117

 

Fittings and Equipment for a value of 1.120.000

Eur

 

Stocks for a value of 8.070.000

Eur

 

 

Traded Brands / Suppliers

 

- Palmera Spa

 

Historical Information and/or Firm's Status

 

 

Protests

 

Protests checking on the subject firm has given a negative result.

 

 

 

 

Data Base Prejudicial Events Search

 

Search performed on a National Scale

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Rosso.gif

Prejudicial Events Search Result:

 

Legal Mortgage on 17/09/2009. for an amount of 193.494 Euro. Event writing-off

  EQUITALIA SARDEGNA S. P. A.


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

BANCO DI SARDEGNA

Via Gramsci 83

09013

Carbonia

01015

43850

 

 

National Real Estates Survey

 

The firm under review, by the reported percentages, owns the following real estates:

 

Town

Cadastre

No. Immovables

Up to Date

CARBONIA (CA)

Buildings

1

12/03/2018

CARBONIA (CA)

Land

1

12/03/2018

ELMAS (CA)

Buildings

2

12/03/2018

IGLESIAS (CA)

Buildings

1

12/03/2018

SANT'ANTIOCO (CA)

Buildings

1

12/03/2018

ORISTANO (OR)

Buildings

2

12/03/2018

ALGHERO (SS)

Buildings

1

12/03/2018

OLBIA (SS)

Buildings

4

12/03/2018

SASSARI (SS)

Buildings

3

12/03/2018

 

Buildings Details

 

Cadastre

Title

Location

Sheet No.

Particle No.

Sub No.

Categorie

Classe

Consistence

Cadastrial Rent

Part No.

B

Proprieta' per 1/1

CARBONIA (CA) VIA ROMA, Piano T

28

2890

5

cat. C/2

1

846 mq

Euro:961,23

1005516

B

Proprieta' per 1/1

ELMAS (CA) VIA DELL'AGRICOLTURA, 4 Piano T-1

12

963

2

cat. D/8

Euro: 22.546,00

B

Proprieta' per 1/1

ELMAS (CA) VIA DELL'AGRICOLTURA, 4 Piano T

12

963

3

cat. D/7

Euro: 7.098,00

B

Proprieta' per 1/1

IGLESIAS (CA) REGIONE SA PERDERA, Piano 1S - T

G/2

988

8

zona1 cat. C/1

5

159 mq

Euro:2.299,27

B

Proprieta' per 1/1

SANT'ANTIOCO (CA) LUNGOMARE CRISTOFORO COLOMBO, 77 Piano T

13

1477

1

cat. C/1

1

163 mq

Euro:3.198,93

B

Proprieta' per 1/1

ORISTANO (OR) Sez.A VIA GUGLIELMO MARCONI, SNC Piano T

14

2252

14

zona1 cat. C/1

3

100 mq

Euro:1.869,57

B

Proprieta' per 1/1

ORISTANO (OR) Sez.A VIA GUGLIELMO MARCONI, SNC Piano 1

14

2252

20

zona1 cat. D/1

Euro: 218,00

B

Proprieta' per 1/1

ALGHERO (SS) VIALE SARDEGNA, Piano T

61

1302

16

cat. C/1

1

14 mq

Euro:279,09

B

Proprieta' per 1/1

OLBIA (SS) VIA GIOVANNI LANFRANCO, 4/E Piano T

30

10207

135

zona1 cat. C/6

1

12 mq

Euro:63,83

B

Proprieta' per 1/1

OLBIA (SS) VIA GIOVANNI LANFRANCO, 4 Piano 3 int. 28

30

10207

29

zona1 cat. A/2

2

3,5 vani

Euro:596,51

B

Proprieta' per 1/1

OLBIA (SS) VIA GIOVANNI LANFRANCO, 4/D Piano S1

30

10207

85

zona1 cat. C/6

1

16 mq

Euro:85,11

B

Proprieta' per 1/1

OLBIA (SS) VIA GIOVANNI LANFRANCO, 4/D Piano S1

30

10207

86

zona1 cat. C/6

1

16 mq

Euro:85,11

B

Proprieta' per 1/1

SASSARI (SS) STRADA 45 DI VIA PREDDA NIEDDA, Piano 2

104

1253

2

zona2 cat. A/3

1

7,5 vani

Euro:484,18

B

Proprieta' per 1/1

SASSARI (SS) STRADA 45 DI VIA PREDDA NIEDDA, SNC Piano T-1

104

1253

5

zona2 cat. D/8

Euro: 12.660,00

B

Proprieta' per 1/1

SASSARI (SS) STRADA 45 ZONA INDUSTRIALE PREDDA NIEDDA, SNC Piano 3

104

1253

7

zona2 cat. D/1

Euro: 2.624,00

 

Land Details

 

Cadastre

Title

Location

Sheet No.

Particle No.

Sub No.

Category

Class

Consistence

Cadastrial Rent

Part No.

L

Proprieta' per 1/1

CARBONIA (CA)

27

115

FU D ACCERT

70 ca

R.D.Euro: R.A. Euro:

1177

 

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

 

Subject is active since 1999

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

During the last years, it recorded positive net results (r.o.e. 8,01% in 2016) with a good increase in turnover (+7,51% in 2016 compared to 2015 and +6,65% in 2015 compared to 2014).

The operating result in 2016 was positive (3,13%) falling within the field's average.

The amount of the operating result for the year 2016 is of Eur. 607.792 rising (+54,91%) in relation to the previous year.

A gross operating margine for a value of Eur. 968.505 was reached. with a 25% growth.

The financial status of the company is fairly balanced with an indebtedness level of 2,79 but with an increase as against the previous accounting period.

It's shareholders funds amount to Eur. 2.989.253 , stable in comparison with the value of the previous year.

In the year 2016 total debts amounted to Eur. 14.262.133 on the same levels as the year before.

Bank borrowings' volume is slightly high but the recourse to suppliers' credit is modest below the sector's average.

The management determines a good range of liquidity.

Trade credits average terms are 43,42 days. , shorter than the sector's average.

As far as the cash flow is concerned during the latest financial year it amounted to Eur. 600.029

Labour cost amounts to Eur. 3.833.075, with a 12,25% incidence on production costs. , with a 12,32% incidence on turnover.

If compared to the sales volume (-0,57%), the impact of the financial charges is limited.


Financial Data

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Verde.gif

Complete balance-sheet for the year

al 31/12/2016

(in Eur

x 1)

 

Item Type

Value

Sales

31.120.094

Profit (Loss) for the period

239.316

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Verde.gif

Complete balance-sheet for the year

al 31/12/2015

(in Eur

x 1)

 

Item Type

Value

Sales

28.945.891

Profit (Loss) for the period

96.168

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Verde.gif

Complete balance-sheet for the year

al 31/12/2014

(in Eur

x 1)

 

Item Type

Value

Sales

27.140.588

Profit (Loss) for the period

78.884

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Verde.gif

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

26.085.530

Profit (Loss) for the period

91.856

 

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Verde.gif

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

25.092.485

Profit (Loss) for the period

139.810

 

 

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

 

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

. . Research,develop. and advert.expens.

. . Industrial patent rights

. . Concessions,licenses,trademarks,etc.

5.320

9.163

13.126

. . Goodwill

13.000

. . Assets in formation and advance paymen.

. . Other intangible fixed assets

375.119

434.005

81.689

. Total Intangible Fixed Assets

380.439

443.168

107.815

. TANGIBLE FIXED ASSETS

. . Real estate

890.848

914.059

664.326

. . Plant and machinery

863.274

846.125

873.282

. . Industrial and commercial equipment

258.224

42.253

50.270

. . Other assets

166.916

54.755

50.938

. . Assets under construction and advances

50.000

4.098

33.000

. Total Tangible fixed assets

2.229.262

1.861.290

1.671.816

. FINANCIAL FIXED ASSETS

. . Equity investments

2.500

2.500

2.500

. . . Equity invest. in subsidiary companies

. . . Equity invest. in associated companies

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

2.500

2.500

2.500

. . Financial receivables

93.000

30.000

179.625

. . . . Within 12 months

. . . . Beyond 12 months

93.000

30.000

179.625

. . . 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

93.000

30.000

179.625

. . . . Within 12 months

. . . . Beyond 12 months

93.000

30.000

179.625

. . Other securities

. . Own shares

. . . Total nominal value

. Total financial fixed assets

95.500

32.500

182.125

Total fixed assets

2.705.201

2.336.958

1.961.756

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

. . Work in progress and semimanufactured

. . Work in progress on order

. . Finished goods

8.022.928

6.998.757

5.203.655

. . Advance payments

50.000

. Total Inventories

8.072.928

6.998.757

5.203.655

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

4.863.834

4.295.959

4.214.235

. . Beyond 12 months

35.125

91.733

169.884

. . Trade receivables

3.753.576

3.549.923

3.408.355

. . . . Within 12 months

3.753.576

3.549.923

3.408.355

. . . . 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

433.213

270.620

447.866

. . . . Within 12 months

433.213

270.620

447.866

. . . . Beyond 12 months

. . Receivables for anticipated taxes

174.197

138.197

108.174

. . . . Within 12 months

174.197

108.174

. . . . Beyond 12 months

30.023

108.174

. . Receivables due from third parties

537.973

428.952

419.724

. . . . Within 12 months

502.848

367.242

358.014

. . . . Beyond 12 months

35.125

61.710

61.710

. Total Credits not held as fixed assets

4.898.959

4.387.692

4.384.119

. 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

98.360

. Total Financial Assets

98.360

. LIQUID FUNDS

. . Bank and post office deposits

3.358.404

2.989.285

3.035.462

. . Checks

. . Banknotes and coins

176.508

139.889

122.994

. Total Liquid funds

3.534.912

3.129.174

3.158.456

Total current assets

16.605.159

14.515.623

12.746.230

ADJUSTMENT ACCOUNTS

. Discount on loans

72.450

200.770

. Other adjustment accounts

87.228

Total adjustments accounts

87.228

72.450

200.770

TOTAL ASSETS

19.397.588

16.925.031

14.908.756

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

30.988

30.988

30.988

. Additional paid-in capital

. Revaluation reserves

718.124

718.124

718.124

. Legal reserve

41.758

41.758

41.758

. Reserve for Own shares

. Statute reserves

832.074

832.074

832.074

. Other reserves

720.275

820.275

820.274

. Accumulated Profits (Losses)

406.718

310.550

231.666

. Profit( loss) of the year

239.316

96.168

78.884

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

2.989.253

2.849.937

2.753.768

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

1.349.508

1.327.164

1.234.928

. . Taxation fund, also differed

. . Other funds

Total Reserves for Risks and Charges

1.349.508

1.327.164

1.234.928

Employee termination indemnities

256.548

241.734

236.522

ACCOUNTS PAYABLE

. . . . Within 12 months

11.871.473

9.529.560

8.281.014

. . . . Beyond 12 months

2.390.660

2.677.068

1.966.796

. . 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

9.126.609

7.918.753

5.856.197

. . . . Within 12 months

6.735.949

5.241.685

3.889.401

. . . . Beyond 12 months

2.390.660

2.677.068

1.966.796

. . Due to other providers of finance

10.785

. . . . Within 12 months

10.785

. . . . Beyond 12 months

. . Advances from customers

. . . . Within 12 months

. . . . Beyond 12 months

. . Trade payables

3.624.246

3.044.225

3.252.715

. . . . Within 12 months

3.624.246

3.044.225

3.252.715

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

. . . . Within 12 months

. . . . 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

320.056

290.054

239.713

. . . . Within 12 months

320.056

290.054

239.713

. . . . Beyond 12 months

. . Due to social security and welfare inst.

131.920

140.617

147.230

. . . . Within 12 months

131.920

140.617

147.230

. . . . Beyond 12 months

. . Other payables

1.059.302

812.979

741.170

. . . . Within 12 months

1.059.302

812.979

741.170

. . . . Beyond 12 months

Total accounts payable

14.262.133

12.206.628

10.247.810

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

540.146

299.568

435.728

Total adjustment accounts

540.146

299.568

435.728

TOTAL LIABILITIES

19.397.588

16.925.031

14.908.756

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

Risk accounts

1.200.000

800.000

Civil and fiscal norms relation

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

31.120.094

28.945.891

27.140.588

. Changes in work in progress

. Changes in semi-manufact. products

. Capitalization of internal work

. Other income and revenues

769.630

346.703

545.201

. . Contributions for operating expenses

146.254

121.127

150.996

. . Different income and revenues

623.376

225.576

394.205

Total value of production

31.889.724

29.292.594

27.685.789

PRODUCTION COSTS

. Raw material,other materials and consum.

24.627.585

23.378.723

19.358.450

. Services received

2.364.125

. Leases and rentals

644.452

3.270.685

3.840.183

. Payroll and related costs

3.833.075

3.290.952

3.042.221

. . Wages and salaries

2.873.669

2.431.527

2.239.386

. . Social security contributions

759.547

668.203

635.598

. . Employee termination indemnities

184.294

160.146

155.113

. . Pension and similar

. . Other costs

15.565

31.076

12.124

. Amortization and depreciation

360.713

382.403

347.787

. . Amortization of intangible fixed assets

69.929

58.205

34.809

. . Amortization of tangible fixed assets

271.922

306.359

295.358

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

18.862

17.839

17.620

. Changes in raw materials

-1.024.171

-1.795.102

380.410

. Provisions to risk reserves

. Other provisions

. Other operating costs

476.153

372.592

360.382

Total production costs

31.281.932

28.900.253

27.329.433

Diff. between value and cost of product.

607.792

392.341

356.356

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

14.819

6.697

9.967

. . 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

11.598

. . Financ.income other than the above

3.221

6.697

9.967

. . . - Subsidiary companies

. . . - Associated companies

. . . - Holding companies

. . . - Other companies

3.221

6.697

9.967

. Interest and other financial expense

-193.187

-198.674

-267.388

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

-193.187

-198.674

-267.388

Total financial income and expense

-178.368

-191.977

-257.421

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

48.022

65.026

. . Gains on disposals

. . Other extraordinary income

48.022

65.026

. Extraordinary expense

-25.353

-21.020

. . Losses on disposals

-1.450

-354

. . Taxes relating to prior years

-7.644

. . Other extraordinary expense

-23.903

-13.022

Total extraordinary income and expense

22.669

44.006

Results before income taxes

429.424

223.033

142.941

. Taxes on current income

190.108

126.865

64.057

. . current taxes

225.900

156.888

140.316

. . differed taxes(anticip.)

-30.023

-76.259

. Net income for the period

239.316

96.168

78.884

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

239.316

96.168

78.884

 

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

0,14

0,14

0,13

0,13

Elasticity Ratio

Units

0,86

0,86

0,85

0,85

Availability of stock

Units

0,42

0,41

0,35

0,16

Total Liquidity Ratio

Units

0,44

0,44

0,51

0,62

Quick Ratio

Units

0,19

0,18

0,21

0,03

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

2,79

2,25

1,86

5,02

Self Financing Ratio

Units

0,15

0,17

0,18

0,13

Capital protection Ratio

Units

0,91

0,96

0,96

0,58

Liabilities consolidation quotient

Units

0,22

0,31

0,27

0,10

Financing

Units

4,77

4,28

3,72

6,17

Permanent Indebtedness Ratio

Units

0,29

0,34

0,33

0,25

M/L term Debts Ratio

Units

0,14

0,17

0,15

0,07

Net Financial Indebtedness Ratio

Units

1,87

1,68

0,98

1,16

CORRELATION

Fixed assets ratio

Units

2,08

2,47

2,53

1,57

Current ratio

Units

1,40

1,52

1,54

1,09

Acid Test Ratio-Liquidity Ratio

Units

0,72

0,79

0,91

0,85

Structure's primary quotient

Units

1,11

1,22

1,40

0,96

Treasury's primary quotient

Units

0,31

0,33

0,38

0,05

Rate of indebtedness ( Leverage )

%

648,91

593,87

541,39

743,68

Current Capital ( net )

Value

4.733.686

4.986.063

4.465.216

70.465

RETURN

Return on Sales

%

1,93

1,65

1,57

1,66

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

%

8,01

3,37

2,86

6,68

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

%

14,37

7,83

5,19

19,39

Return on Investment ( R.O.I. )

%

3,13

2,32

2,39

3,84

Return/ Sales

%

1,95

1,36

1,31

2,16

Extra Management revenues/charges incid.

%

39,37

24,51

22,14

28,56

Cash Flow

Value

600.029

478.571

426.671

48.046

Operating Profit

Value

607.792

392.341

356.356

59.910

Gross Operating Margin

Value

968.505

774.744

704.143

99.701

MANAGEMENT

Credits to clients average term

Days

43,42

44,15

45,21

86,56

Debts to suppliers average term

Days

47,21

41,12

50,48

100,32

Average stock waiting period

Days

93,39

87,04

69,02

31,97

Rate of capital employed return ( Turnover )

Units

1,60

1,71

1,82

1,82

Rate of stock return

Units

3,85

4,14

5,22

11,18

Labour cost incidence

%

12,32

11,37

11,21

5,95

Net financial revenues/ charges incidence

%

-0,57

-0,66

-0,95

-0,81

Labour cost on purchasing expenses

%

12,25

11,39

11,13

5,95

Short-term financing charges

%

1,35

1,63

2,61

2,18

Capital on hand

%

62,33

58,47

54,93

54,67

Sales pro employee

Value

261.513

283.783

285.690

507.074

Labour cost pro employee

Value

32.210

32.264

32.023

32.650

 

 

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

:

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Spazio.gif767.062

Population living in the region

:

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Spazio.gif1.650.052

Number of families in the region

:

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Spazio.gif619.253

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

 

- per food products

:

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Spazio.gif473

- per non food products

:

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Spazio.gif1.624

- per energy consume

:

Description: C:\Users\Kashyap\AppData\Local\Temp\Rar$EXa0.731\Spazio.gif109

 

 

Sector Data

 

The values are calculated on a base of 5.101 significant companies.

 

The companies cash their credits on an average of 87 dd.

The average duration of suppliers debts is about 100 dd.

The sector's profitability is on an average of 1,66%.

The labour cost affects the turnover in the measure of 5,95%.

Goods are held in stock in a range of 32 dd.

The difference between the sales volume and the resources used to realize it is about 1,82.

The employees costs represent the 5,95% of the production costs.

 

 

Statistical Detrimental Data

 

Statistcally the trade activity shows periods of crisis.

The area is statistically considered moderately risky.

In the region 8.487 protested subjects are found; in the province they count to 3.986.

The insolvency index for the region is 0,52, , while for the province it is 0,52.

Total Bankrupt companies in the province : 2.787.

Total Bankrupt companies in the region : 5.266.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.99

UK Pound

1

INR 90.83

Euro

1

INR 80.58

Euro

1

INR

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

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)

 

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.