|
|
|
MIRA INFORM REPORT
|
Report No. : |
498424 |
|
Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
B.C. COSMETIC AND FOOD SRL |
|
|
|
|
Registered Office : |
Via Fratelli D'italia, 5 21052 - Busto
Arsizio (VA)-IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
15.06.1998 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
·
Manufacture of toiletries: perfumes, cosmetics,
soaps and similars ·
Wholesale of perfume and cosmetics |
|
|
|
|
No. of Employees : |
from 11 to 15 |
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 : |
Satisfactory |
|
|
|
|
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 and address
B.c. Cosmetic And Food Srl
In Forma Abbreviata B.c. Srl
Via Fratelli D'italia, 5
21052 - Busto
Arsizio (VA)-IT-
Summary
|
Fiscal Code |
: |
12519590157 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
20/11/1998 |
|
Equity |
: |
750.000 |
|
Turnover Range |
: |
7.750.000/9.000.000 |
|
Number of Employees |
: |
from 11 to 15 |
Activity
Manufacture of toiletries: perfumes, cosmetics, soaps and similars
Wholesale of perfume and cosmetics
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 12519590157 |
|
Chamber of Commerce no. : 1562307 of Milano |
|
Chamber of Commerce no. : 1787911 of Milano |
|
Chamber of Commerce no. : 283820 of Varese since 27/12/2002 |
|
Firms' Register : MI-1998-169713 of Milano since 10/07/1998 |
|
Firms' Register : VA-2003-600 of Varese since 07/01/2003 |
|
V.A.T. Code : 12519590157 |
|
Establishment date |
: 15/06/1998 |
|
|
Start of Activities |
: 20/11/1998 |
|
|
Legal duration |
: 31/12/2040 |
|
|
Nominal Capital |
: 50.000 |
|
|
Subscribed Capital |
: 50.000 |
|
|
Paid up Capital |
: 50.000 |
|
Legal mail : |
INFO@PEC.COSMETICANDFOOD.EU |
Members
|
|
Lampugnani |
Franco |
|
|
Born in Rho |
(MI) |
on 28/09/1957 |
- Fiscal Code : LMPFNC57P28H264N |
|
|
Residence: |
Alatri |
, 8 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/10/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
D.p.c. S.p.a. |
|
|
: |
Fratelli D'italia |
, 5 |
- 21052 |
Busto Arsizio |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Macchi |
Manuel |
|
|
Born in Busto Arsizio |
(VA) |
on 02/07/1972 |
- Fiscal Code : MCCMNL72L02B300B |
|
|
Residence: |
Isonzo |
, 8 |
- 21050 |
Lonate Ceppino |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/10/2013 |
|
|
Lampugnani |
Quintino |
|
|
Born in Nerviano |
(MI) |
on 14/04/1928 |
- Fiscal Code : LMPQTN28D14F874C |
|
|
Residence: |
Pl Da Palestrina |
, SNC |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
01/10/2013 |
||
|
Director |
01/10/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Vignati |
Mauro |
|
|
Born in Marnate |
(VA) |
on 08/06/1960 |
- Fiscal Code : VGNMRA60H08E965V |
|
|
Residence: |
Via Industria |
, 20 |
- 06850 |
Mendrisio |
- CH - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/10/2013 |
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.
|
|
Lampugnani |
Quintino |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Lachi S.r.l. |
Milano (MI) - IT - |
03652140157 |
Managing
Director |
Withdrawn |
Registered |
|
Lachi S.r.l. |
Milano (MI) - IT - |
03652140157 |
Board Chairman |
Withdrawn |
Registered |
|
Finlachi Societa' Semplice |
Milano (MI) - IT - |
09997870150 |
Director |
Withdrawn |
Registered |
|
Finlachi Societa' Semplice |
Milano (MI) - IT - |
09997870150 |
Sole Director |
Withdrawn |
Registered |
|
Finlachi Societa' Semplice |
Milano (MI) - IT - |
09997870150 |
Board Chairman |
Withdrawn |
Registered |
|
D.p.c. S.p.a. |
Busto Arsizio (VA) - IT - |
02511900124 |
Director |
Active |
Registered |
|
D.p.c. S.p.a. |
Busto Arsizio (VA) - IT - |
02511900124 |
Board Chairman |
Active |
Registered |
|
Cipa S.r.l. |
Gorla Minore (VA) - IT - |
13428620150 |
Director |
Active |
Registered |
|
Cipa S.r.l. |
Gorla Minore (VA) - IT - |
13428620150 |
Sole Director |
Withdrawn |
Registered |
|
Cipa S.r.l. |
Gorla Minore (VA) - IT - |
13428620150 |
Board Chairman |
Active |
Registered |
|
D.p.c. Servizi S.r.l. |
Gorla Minore (VA) - IT - |
03000090120 |
Director |
Active |
Registered |
|
D.p.c. Servizi S.r.l. |
Gorla Minore (VA) - IT - |
03000090120 |
Board Chairman |
Active |
Registered |
|
LAMPUGNANI QUINTINO |
Milano (MI) - IT - |
LMPQTN28D14F874C |
Proprietor |
Withdrawn |
Registered |
|
I.c.a.m. S.r.l. |
Busto Arsizio (VA) - IT - |
02727690121 |
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 |
|
D.p.c. S.p.a. |
Busto Arsizio - IT - |
02511900124 |
35.500 .Eur |
71,00 |
|
Macchi Manuel |
Lonate Ceppino - IT - |
MCCMNL72L02B300B |
4.500 .Eur |
9,00 |
|
Donadelli Roberta Maria |
Basiglio - IT - |
DNDRRT65T70F205G |
5.000 .Eur |
10,00 |
|
Dotti Gabriele |
DTTGRL64C16C933I |
5.000 .Eur |
10,00 |
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 |
|
Cr E D S.r.l. |
Busto Arsizio - IT - |
07055700962 |
5.100 .Eur |
50,00 |
Active |
||
|
Alika Pharma S.r.l. |
Busto Arsizio - IT - |
03507130122 |
40.000 .Eur |
80,00 |
Active |
||
|
Next Ingredients S.r.l. |
Busto Arsizio - IT - |
03568410124 |
40.000 .Eur |
80,00 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Fratelli D'italia |
, 5 |
- 21052 |
- Busto Arsizio |
(VA) |
- IT - |
|
Legal mail |
: INFO@PEC.COSMETICANDFOOD.EU |
|
- |
Branch |
(Warehouse) |
since 04/12/2013 |
|
Redipuglia |
, 150 |
- 21055 |
- Gorla Minore |
(VA) |
- IT - |
|
PHONE |
: 0331606842 |
|
FAX |
: 0331606173 |
|
- |
Branch |
(Warehouse) |
since 03/10/2017 |
|
Redipuglia |
, 164 |
- 21055 |
- Gorla Minore |
(VA) |
- IT - |
|
- |
Branch |
(Factory) |
since 15/12/2017 |
|
Redipuglia |
, 86 |
- 21055 |
- Gorla Minore |
(VA) |
- IT - |
|
Employees |
: 13 |
|
Assistants |
: 1 |
|
Fittings and Equipment for a value of 16.000 |
Eur |
|
Stocks for a value of 1.370.000 |
Eur |
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 firm under review, by the reported percentages, owns the following
real estates:
|
Town |
Cadastre |
No. Immovables |
Up to Date |
|
GORLA MINORE (VA) |
Buildings |
1 |
14/03/2018 |
|
Buildings
Details |
|
Cadastre |
Title |
Location |
Sheet No. |
Particle No. |
Sub No. |
Categorie |
Classe |
Consistence |
Cadastrial Rent |
Part No. |
|
B |
Proprieta' per 1/1 |
GORLA MINORE (VA) VIA REDIPUGLIA, 86 Piano T-1 |
PR/5 |
1807 |
cat. D/1 |
Euro: 7.075,80 |
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 1998.
An eco-fin analysis has been made on the base od the b/s fo the years
2014, 2015 and 2016.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 54,04% in 2016 with a remarkable upward trend (+28,37%
on 2016 compared to 2015 and +15,55% on 2015 compared to 2014).
The return on Investment in the last financial year was positive
(10,23%) and reflects the field's average.
An operating result of Eur. 401.248 has been registered. with an
increase of 78,24% if the compared to the previous financial year.
The gross operating margin of the latest financial year is of Eur.
495.647 growing by 67,65% if compared to the year before.
The ratio between debts and total assets is fairly high, as it comes out
from the indebtedness (5,3) falling if compared to 2015.
The equity capital is equal to Eur. 500.055 , rising by 77,12%.
During the last financial year total debts volume reached Eur. 3.213.496
(Eur. 201.708 were m/l term ones) while during the financial year 2015 the
amount was equal to Eur. 2.361.103.
Liquidity is good.
Eur. 364.642 is the value of cash flow during the year 2016
Labour cost amounts to Eur. 678.913, with a 8,45% incidence on
production costs. , whereas the incidence on sales revenues is of 8,12%.
The financial management has a limited economic impact, equal to -0,48%
on the sales.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.359.115 |
|
Profit (Loss) for the period |
270.243 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.511.522 |
|
Profit (Loss) for the period |
105.777 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.634.830 |
|
Profit (Loss) for the period |
86.758 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.480.271 |
|
Profit (Loss) for the period |
41.289 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.100.630 |
|
Profit (Loss) for the period |
48.721 |
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 |
|
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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 |
0,15 |
0,19 |
0,13 |
0,24 |
|
Elasticity Ratio |
Units |
0,84 |
0,81 |
0,86 |
0,73 |
|
Availability of stock |
Units |
0,35 |
0,27 |
0,33 |
0,18 |
|
Total Liquidity Ratio |
Units |
0,49 |
0,54 |
0,52 |
0,50 |
|
Quick Ratio |
Units |
0,09 |
0,12 |
0,00 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
5,30 |
7,15 |
7,83 |
1,95 |
|
Self Financing Ratio |
Units |
0,13 |
0,10 |
0,11 |
0,26 |
|
Capital protection Ratio |
Units |
0,36 |
0,45 |
0,38 |
0,67 |
|
Liabilities consolidation quotient |
Units |
0,10 |
0,03 |
0,04 |
0,17 |
|
Financing |
Units |
6,43 |
8,36 |
7,85 |
2,49 |
|
Permanent Indebtedness Ratio |
Units |
0,20 |
0,13 |
0,14 |
0,41 |
|
M/L term Debts Ratio |
Units |
0,08 |
0,03 |
0,03 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,66 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,37 |
0,69 |
1,04 |
1,44 |
|
Current ratio |
Units |
1,10 |
0,96 |
1,04 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,64 |
0,64 |
0,63 |
0,90 |
|
Structure's primary quotient |
Units |
0,86 |
0,54 |
0,80 |
0,95 |
|
Treasury's primary quotient |
Units |
0,12 |
0,15 |
0,00 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
784,50 |
996,11 |
947,00 |
377,91 |
|
Current Capital ( net ) |
Value |
296.491 |
-90.058 |
63.546 |
409.215 |
|
RETURN |
|||||
|
Return on Sales |
% |
4,36 |
2,71 |
2,86 |
4,14 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
54,04 |
37,47 |
39,52 |
3,93 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
72,28 |
68,78 |
79,77 |
13,87 |
|
Return on Investment ( R.O.I. ) |
% |
10,23 |
8,01 |
10,37 |
4,03 |
|
Return/ Sales |
% |
4,80 |
3,46 |
3,83 |
4,09 |
|
Extra Management revenues/charges incid. |
% |
67,35 |
46,99 |
40,25 |
31,19 |
|
Cash Flow |
Value |
364.642 |
176.302 |
161.130 |
164.045 |
|
Operating Profit |
Value |
401.248 |
225.115 |
215.534 |
170.300 |
|
Gross Operating Margin |
Value |
495.647 |
295.640 |
289.906 |
298.981 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
n.c. |
n.c. |
118,71 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
121,82 |
|
Average stock waiting period |
Days |
59,20 |
42,02 |
44,46 |
57,70 |
|
Rate of capital employed return ( Turnover ) |
Units |
2,13 |
2,32 |
2,71 |
1,11 |
|
Rate of stock return |
Units |
6,08 |
8,57 |
8,10 |
6,23 |
|
Labour cost incidence |
% |
8,12 |
8,17 |
8,43 |
13,12 |
|
Net financial revenues/ charges incidence |
% |
-0,48 |
-0,48 |
-0,72 |
-1,46 |
|
Labour cost on purchasing expenses |
% |
8,45 |
8,33 |
8,72 |
14,24 |
|
Short-term financing charges |
% |
1,25 |
1,34 |
2,37 |
2,91 |
|
Capital on hand |
% |
46,93 |
43,19 |
36,90 |
89,74 |
|
Sales pro employee |
Value |
398.053 |
406.970 |
402.487 |
251.771 |
|
Labour cost pro employee |
Value |
32.329 |
33.238 |
33.925 |
33.858 |
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 400 significant companies.
The companies cash their credits on an average of 119 dd.
The average duration of suppliers debts is about 122 dd.
The sector's profitability is on an average of 4,14%.
The labour cost affects the turnover in the measure of 13,12%.
Goods are held in stock in a range of 58 dd.
The difference between the sales volume and the resources used to
realize it is about 1,11.
The employees costs represent the 14,24% of the production costs.
Statistical
Detrimental Data
Statistically the trade activity shows trifling crises.
The area is statistically considered moderately risky.
In the region 50.886 protested subjects are found; in the province they
count to 4.597.
The insolvency index for the region is 0,55, , while for the province it
is 0,55.
Total Bankrupt companies in the province : 3.052.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.87 |
|
|
1 |
INR 90.49 |
|
Euro |
1 |
INR 79.91 |
|
Euro |
1 |
INR 80.02 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.