|
|
|
MIRA INFORM REPORT
|
Report No. : |
507083 |
|
Report Date : |
03.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BIBIGI - S.R.L. |
|
|
|
|
Registered Office : |
Via Del Pratone,
10 15046 - San Salvatore Monferrato (AL) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
05.07.1979 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Jewellery in Precious Metals
o Plated with Precious Metals |
|
|
|
|
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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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. 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
BIBIGI - S.R.L.
Via Del Pratone, 10
15046 - San
Salvatore Monferrato (AL) -IT-
Summary
|
Fiscal Code |
: |
00559330063 |
|
Legal Form |
: |
Limited Liability Company |
|
start of Activities |
: |
05/07/1979 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
5.000.000/6.500.000 |
|
Number of Employees |
: |
From 16 To 25 |
Activity
Manufacture of jewellery in precious metals o
plated with precious metals
Legal Data
Legal Form : Limited liability company
|
Register of Handcraft firms : 38943 |
|
Register of Handcraft firms : 38943 of
Alessandria since 03/09/1979 |
|
Fiscal Code : 00559330063 |
|
Foreign Trade Reg. no. : 278 of Alessandria
since 06/12/1991 |
|
Foreign Trade Reg. no. : 023059 of
Alessandria |
|
Chamber of Commerce no. : 127659 of
Alessandria since 12/07/1979 |
|
Firms' Register : AL003-9047 of Alessandria
since 19/02/1996 |
|
V.A.T. Code : 00559330063 |
|
Establishment date |
: 05/07/1979 |
|
|
Start of Activities |
: 05/07/1979 |
|
|
Legal duration |
: 31/12/2020 |
|
|
Nominal Capital |
: 46.800 |
|
|
Subscribed Capital |
: 46.800 |
|
|
Paid up Capital |
: 46.800 |
|
Legal mail : |
BIBIGISRL@PEC.IT |
Members
|
|
Beltrami |
Franco |
|
|
Born in Pavia |
(PV) |
on 26/06/1933 |
- Fiscal Code : BLTFNC33H26G388G |
|
|
Residence: |
Santuario |
, 10 |
- 15046 |
San Salvatore Monferrato |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bernardotti |
Aldo |
|
|
Born in Racconigi |
(CN) |
on 03/11/1948 |
- Fiscal Code : BRNLDA48S03H150A |
|
|
Residence: |
Giovanni Xxiii |
, 9 |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
28/06/2016 |
||
|
Director |
28/06/2016 |
||
|
Managing Director |
28/06/2016 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Guarona |
Bruno |
|
|
Born in Alessandria |
(AL) |
on 12/01/1940 |
- Fiscal Code : GRNBRN40A12A182Z |
|
|
Residence: |
Bruno Mantelli |
, 8 |
- 15100 |
Alessandria |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
28/06/2016 |
||
|
Director |
28/06/2016 |
|
|
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.
|
|
Bernardotti |
Aldo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Maralva Societa' Semplice |
Alessandria (AL) - IT - |
01261190068 |
General Partner |
Withdrawn |
Registered |
|
Maralva Societa' Semplice |
Alessandria (AL) - IT - |
01261190068 |
Partner |
Active |
Registered |
|
Consorzio Orafi Valenza Export |
Valenza (AL) - IT - |
01625220064 |
Managing Director |
Withdrawn |
Registered |
|
Consorzio Orafi Valenza Export |
Valenza (AL) - IT - |
01625220064 |
Assistant board Chairman |
Active |
Registered |
|
|
Guarona |
Bruno |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Maralva Societa' Semplice |
Alessandria (AL) - IT - |
01261190068 |
Partner |
Withdrawn |
Registered |
|
Maralva Societa' Semplice |
Alessandria (AL) - IT - |
01261190068 |
General Partner |
Withdrawn |
Registered |
|
Maralva Societa' Semplice |
Alessandria (AL) - IT - |
01261190068 |
Partner |
Active |
Registered |
|
Valenza Expo Events S.r.l. |
Valenza (AL) - IT - |
01377060064 |
Director |
Withdrawn |
Registered |
|
Consorzio Del Marchio Divalenza |
Valenza (AL) - IT - |
02177260060 |
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 |
|
Beltrami Franco |
San Salvatore Monferrato - IT - |
BLTFNC33H26G388G |
15.600 .Eur |
33,33 |
|
Bernardotti Aldo |
Valenza - IT - |
BRNLDA48S03H150A |
15.600 .Eur |
33,33 |
|
Guarona Carlo |
GRNCRL73L29A182D |
7.800 .Eur |
16,66 |
|
|
Guarona Marco |
GRNMRC77A16A182Y |
7.800 .Eur |
16,66 |
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 |
|
Fin.or.val. - Societa' Finanziaria Immob
Iliare Per Il Centro Commerciale Orafo V |
Valenza - IT - |
00925330060 |
34.636 .Eur |
1,16 |
Active |
||
|
Eccelloro |
Valenza - IT - |
02044210066 |
Active |
||||
|
Oroinnovazione |
02044200067 |
Active |
Firm's location and structure
In order to carry out its activities the firm
uses the following locations:
|
- |
Legal and operative seat |
|
Del Pratone |
, 10 |
- 15046 |
- San Salvatore Monferrato |
(AL) |
- IT - |
|
PHONE |
: 0131237012 |
|
FAX |
: 0131237955 |
|
Legal mail |
: BIBIGISRL@PEC.IT |
|
Employees |
: 22 |
|
Fittings and Equipment for a value of
290.000 |
Eur |
|
Stocks for a value of 4.740.000 |
Eur |
The firm operates abroad as importer /
exporter..
To purchase foreign products the firm uses
the following channels :
|
- direct orders to foreign companies |
Export represents from 20% to 50% of the
global turnover.
Products abroad are placed by :
|
- its own sales net-work |
|
- direct orders from foreign companies |
Import comes generally from the following
nations:
|
- Austria |
Export is mainly towards:
|
- Austria |
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 |
|
|
General partnership |
Limited liability company |
22/12/1995 |
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 |
|
SAN SALVATORE MONFERRATO (AL) |
Buildings |
6 |
30/04/2018 |
|
Buildings Details |
|
Cadastre |
Title |
Location |
Sheet No. |
Particle No. |
Sub No. |
Categorie |
Classe |
Consistence |
Cadastrial Rent |
Part No. |
|
B |
Proprieta' per 1000/1000 |
SAN SALVATORE MONFERRATO (AL) VIA DEL
PRATONE, 8 Piano T |
22 |
2083 |
108 |
cat. C/2 |
3 |
12 mq |
Euro:22,31 |
|
|
B |
Proprieta' per 1/1 |
SAN SALVATORE MONFERRATO (AL) VIA DEL
PRATONE, 23 Piano S1 |
22 |
2083 |
34 |
cat. C/6 |
3 |
48 mq |
Euro:118,99 |
|
|
B |
Proprieta' per 1000/1000 |
SAN SALVATORE MONFERRATO (AL) VIA GUARONA,
Piano T - S1 int. 2 |
22 |
2083 |
69 |
cat. A/2 |
3 |
6 vani |
Euro:588,76 |
|
|
B |
Proprieta' per 1000/1000 |
SAN SALVATORE MONFERRATO (AL) VIA GUARONA,
Piano T - S1 int. 3 |
22 |
2083 |
70 |
cat. A/2 |
3 |
5,5 vani |
Euro:539,70 |
|
|
B |
Proprieta' per 1000/1000 |
SAN SALVATORE MONFERRATO (AL) VIA GUARONA,
Piano S1 int. 4 |
22 |
2083 |
76 |
cat. C/3 |
2 |
167 mq |
Euro:439,87 |
|
|
B |
Proprieta' per 1000/1000 |
SAN SALVATORE MONFERRATO (AL) VIA GUARONA,
Piano S1 int. C28 |
22 |
2083 |
81 |
cat. C/2 |
1 |
5 mq |
Euro:6,46 |
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
1979.
Balance sheets for the years 2014, 2015 and
2016 were analyzed.
In the economic management , good and bad
results followed on by turns. anyway in 2016 a positive result was achieved
(r.o.e. 0,17%).
The operating result in 2016 was positive
(3,85%) falling within the field's average.
The operating result is positive and amounts
to Eur. 448.587 with no increase in relation to the financial year 2015.
During the latest financial year the gross
operating margin amounted to Eur. 555.761 , stable if compared to the year
before.
The financial status of the company is fairly
balanced with an indebtedness level of 1,3 with an improving trend as on the
decrease.
The management generated equity capital for
an amount of Eur. 4.358.106 , stable in comparison with the value of the
previous year.
Total debts recorded amounted to Eur.
6.650.220 (Eur. 749.331 of which were m/l term debts) , with no sensible
variation.
Current liquid assets is positive.
The financial management generated a cash
flow of Eur. 114.432.
Labour cost expenses amount to Eur. 820.246 ,
representing 15,31% on the total of production costs. , whereas the incidence
of such costs on sales revenues is equal to 14,29%.
High incidence of financial charges on
turnover.
Financial Data
|
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.738.768 |
|
Profit (Loss) for the period |
7.258 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.752.293 |
|
Profit (Loss) for the period |
-6.646 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.742.384 |
|
Profit (Loss) for the period |
-82.098 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.791.052 |
|
Profit (Loss) for the period |
-46.929 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
5.541.013 |
|
Profit (Loss) for the period |
7.944 |
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 |
0,04 |
0,05 |
0,06 |
0,19 |
|
Elasticity Ratio |
Units |
0,96 |
0,94 |
0,94 |
0,80 |
|
Availability of stock |
Units |
0,41 |
0,37 |
0,34 |
0,30 |
|
Total Liquidity Ratio |
Units |
0,55 |
0,58 |
0,59 |
0,45 |
|
Quick Ratio |
Units |
0,02 |
0,00 |
0,02 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,30 |
1,39 |
1,37 |
2,34 |
|
Self Financing Ratio |
Units |
0,37 |
0,37 |
0,39 |
0,23 |
|
Capital protection Ratio |
Units |
0,99 |
0,99 |
1,01 |
0,67 |
|
Liabilities consolidation quotient |
Units |
0,23 |
0,19 |
0,09 |
0,19 |
|
Financing |
Units |
1,53 |
1,54 |
1,41 |
2,93 |
|
Permanent Indebtedness Ratio |
Units |
0,49 |
0,47 |
0,44 |
0,42 |
|
M/L term Debts Ratio |
Units |
0,12 |
0,10 |
0,05 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
0,86 |
0,80 |
0,93 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
12,90 |
9,83 |
7,66 |
2,24 |
|
Current ratio |
Units |
1,89 |
1,80 |
1,68 |
1,39 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,09 |
1,10 |
1,06 |
0,82 |
|
Structure's primary quotient |
Units |
9,86 |
7,76 |
6,84 |
1,40 |
|
Treasury's primary quotient |
Units |
0,04 |
0,00 |
0,03 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
267,59 |
267,16 |
253,71 |
424,51 |
|
Current Capital ( net ) |
Value |
5.245.559 |
4.978.674 |
4.269.592 |
394.433 |
|
RETURN |
|||||
|
Return on Sales |
% |
1,99 |
3,11 |
2,26 |
2,17 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,17 |
-0,15 |
-1,85 |
0,73 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
2,10 |
1,40 |
-0,31 |
6,79 |
|
Return on Investment ( R.O.I. ) |
% |
3,85 |
3,19 |
2,73 |
3,16 |
|
Return/ Sales |
% |
7,82 |
6,55 |
5,34 |
3,18 |
|
Extra Management revenues/charges incid. |
% |
1,62 |
-1,77 |
-26,80 |
10,78 |
|
Cash Flow |
Value |
114.432 |
178.776 |
129.819 |
53.639 |
|
Operating Profit |
Value |
448.587 |
376.499 |
306.375 |
72.080 |
|
Gross Operating Margin |
Value |
555.761 |
561.921 |
518.292 |
161.031 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
409,49 |
392,41 |
99,53 |
|
Debts to suppliers average term |
Days |
n.c. |
203,43 |
172,27 |
104,89 |
|
Average stock waiting period |
Days |
297,44 |
271,62 |
242,68 |
87,12 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,49 |
0,49 |
0,51 |
1,10 |
|
Rate of stock return |
Units |
1,21 |
1,33 |
1,48 |
4,08 |
|
Labour cost incidence |
% |
14,29 |
14,68 |
14,64 |
13,32 |
|
Net financial revenues/ charges incidence |
% |
-6,22 |
-5,84 |
-5,88 |
-2,33 |
|
Labour cost on purchasing expenses |
% |
15,31 |
15,46 |
14,28 |
13,08 |
|
Short-term financing charges |
% |
5,42 |
5,01 |
5,60 |
4,17 |
|
Capital on hand |
% |
203,21 |
205,47 |
195,76 |
90,78 |
|
Sales pro employee |
Value |
229.550 |
221.242 |
220.860 |
252.126 |
|
Labour cost pro employee |
Value |
32.809 |
32.480 |
32.331 |
32.207 |
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 591
significant companies.
The companies cash their credits on an
average of 100 dd.
The average duration of suppliers debts is about
105 dd.
The sector's profitability is on an average
of 2,17%.
The labour cost affects the turnover in the
measure of 13,32%.
Goods are held in stock in a range of 87 dd.
The difference between the sales volume and
the resources used to realize it is about 1,10.
The employees costs represent the 13,08% 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 27.019 protested subjects are
found; in the province they count to 2.105.
The insolvency index for the region is 0,63,
, while for the province it is 0,50.
Total Bankrupt companies in the province :
1.755.
Total Bankrupt companies in the region :
14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.66 |
|
|
1 |
INR 90.66 |
|
Euro |
1 |
INR 80.00 |
|
Euro |
1 |
INR 79.84 |
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.