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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

507918

Report Date :

08.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

ITALDIAMANT S.P.A.

 

 

Registered Office :

Via Montello, 34 

36034 – Malo (VI) -IT-

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

06.10.1976

 

 

Legal Form :

Joint stock company

 

 

Line of Business :

Manufacture of tools and manual tools; interchangeable parts for machine tools

 

 

No. of Employees :

From 71 to 90

 

 

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 :

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. 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

 

Italdiamant S.p.a.

 

Via Montello,     34

 

36034 - Malo (VI) -IT-

 

 

Summary

 

Fiscal Code

:

00511950248

Legal Form

:

Joint stock company

Foundation Date

:

06/10/1976

Equity

:

Over 2.582.254

Turnover Range

:

10.000.000/12.750.000

Number of Employees

:

from 71 to 90

 

 

Activity

 

Manufacture of tools and manual tools; interchangeable parts for machine tools

 

 

Legal Data

 

Legal Form : Joint stock company

Register of Handcraft firms : 38993 of Vicenza

 

Fiscal Code : 00511950248

 

Foreign Trade Reg. no. : VI016860 since 19/12/1991

 

Foreign Trade Reg. no. : 16860 of Vicenza

 

Chamber of Commerce no. : 133621 of Vicenza since 02/11/1976

 

Firms' Register : VI116-7689 of Vicenza since 19/02/1996

 

V.A.T. Code : 00511950248

 

Tribunal Co. Register : 7689 of

 

Foundation date

: 06/10/1976

Establishment date

: 06/10/1976

Legal duration

: 31/12/2050

Nominal Capital

: 2.600.000

Subscribed Capital

: 2.600.000

Paid up Capital

: 2.600.000

 

Legal mail :

DIREZIONE@PEC.ITALDIAMANT.COM

Members

 

Description: \\vivek-pc\E\507918_files\Verde.gif

Meggiorin

Pierino

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Born in Isola Vicentina

(VI)

on 25/07/1950

- Fiscal Code : MGGPRN50L25E354C

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Residence:

Torre

, 4

- 36033

Isola Vicentina

(VI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Board Chairman

03/07/2015

Director

03/07/2015

Managing Director

03/07/2015

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

No Prejudicial events are reported

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

No Protests registered

 

Description: \\vivek-pc\E\507918_files\Verde.gif

Meggiorin

Andrea

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Born in Malo

(VI)

on 04/07/1975

- Fiscal Code : MGGNDR75L04E864T

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Residence:

Canossiane

, 11

- 36033

Isola Vicentina

(VI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

03/07/2015

Managing Director

03/07/2015

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

No Prejudicial events are reported

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

No Protests registered

 

Description: \\vivek-pc\E\507918_files\Verde.gif

Meggiorin

Marco

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Born in Thiene

(VI)

on 26/02/1993

- Fiscal Code : MGGMRC93B26L157F

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Residence:

Torre

, 4

- 36033

Isola Vicentina

(VI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

29/07/2015

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

No Prejudicial events are reported

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

No Protests registered

 

Description: \\vivek-pc\E\507918_files\Verde.gif

Meggiorin

Elena

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Born in Malo

(VI)

on 13/10/1981

- Fiscal Code : MGGLNE81R53E864W

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Residence:

Canossiane

, 11

- 36033

Isola Vicentina

(VI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

29/07/2015

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

No Prejudicial events are reported

 

Description: \\vivek-pc\E\507918_files\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: \\vivek-pc\E\507918_files\Verde.gif

Meggiorin

Pierino

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Torre Immobiliare - Societa' Semplice

Malo (VI) - IT -

02442390247

Partner

Active

Registered

M.p. S.r.l.

Malo (VI) - IT -

03088800242

Sole 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

Meggiorin Pierino

Isola Vicentina - IT -

MGGPRN50L25E354C

2.366.000 .Eur

91,00

Meggiorin Andrea

Isola Vicentina - IT -

MGGNDR75L04E864T

78.000 .Eur

3,00

Meggiorin Marco

Isola Vicentina - IT -

MGGMRC93B26L157F

78.000 .Eur

3,00

Meggiorin Elena

Isola Vicentina - IT -

MGGLNE81R53E864W

78.000 .Eur

3,00

 

 

Direct Participations

 

The Company under review has no participations in other Companies.



Firm's location and structure

 

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

 

-

Legal and operative seat

 

Montello

, 34

- 36034

- Malo

(VI)

- IT -

 

PHONE

: 0445580750

 

FAX

: 0445580755

 

Legal mail

: DIREZIONE@PEC.ITALDIAMANT.COM

 

Employees

: 83

 

Assistants

: 2

 

Fittings and Equipment for a value of 1.400.000

Eur

 

Stocks for a value of 2.570.000

Eur

 

Vehicles for a value of 110.000

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 :

- direct orders from foreign companies

 

Import comes generally from the following nations:

- Austria

 

 

Historical Information and/or Firm's Status

 

CHANGES TO THE LEGAL FORM:

 

Former legal form

New legal form

Changement Date

General partnership

Joint stock company

19/12/1984

 

CEASINGS/INCORPORATIONS/MERGES:

 

Description: \\vivek-pc\E\507918_files\Verde.gif

Project of merging by taking over of

 

Description: \\vivek-pc\E\507918_files\Vuoto.gifM.P.1. S.R.L. UNIPERSONALE

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

, 36034

, Malo

(VI)

- IT -

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Fiscal Code: 03095790246

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Date

Merging/splitting-up project:

11/08/2003

 

Description: \\vivek-pc\E\507918_files\Verde.gif

Project of merging by taking over of

 

Description: \\vivek-pc\E\507918_files\Vuoto.gifM.P.1. S.R.L. UNIPERSONALE

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

, 36034

, Malo

(VI)

- IT -

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Fiscal Code: 03095790246

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Date

Merging/splitting-up project:

23/03/2004

 

Description: \\vivek-pc\E\507918_files\Verde.gif

The firm absorbed by merging of

 

Description: \\vivek-pc\E\507918_files\Vuoto.gifM.P.1. S.R.L. UNIPERSONALE

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

, 36034

, Malo

(VI)

- IT -

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Fiscal Code: 03095790246

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Date

:

22/07/2004

 

Description: \\vivek-pc\E\507918_files\Verde.gif

Project of merging by taking over of

 

Description: \\vivek-pc\E\507918_files\Vuoto.gifM.p. S.r.l.

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Alcide De Gasperi

, 9

, 36034

, Malo

(VI)

- IT -

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Fiscal Code: 03088800242

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Date

Merging/splitting-up project:

20/04/2015

 

Description: \\vivek-pc\E\507918_files\Verde.gif

The firm absorbed by merging of

 

Description: \\vivek-pc\E\507918_files\Vuoto.gifM.p. S.r.l.

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Alcide De Gasperi

, 9

, 36034

, Malo

(VI)

- IT -

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Fiscal Code: 03088800242

 

Description: \\vivek-pc\E\507918_files\Vuoto.gif

Date

:

29/07/2015



Protests

 

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

 

 

Data Base Prejudicial Events Search

 

Search performed on a National Scale

 

Description: \\vivek-pc\E\507918_files\Verde.gif

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.

 

 

Bankers

 

The firm operates with:

 

Bank Name

Agency Name

Address

ZIP Code

City

ABI Code

CAB Code

CASSA DI RISPARMIO DEL VENETO

6225

0

 

 

National Real Estates Survey

 

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

 

Town

Cadastre

No. Immovables

Up to Date

ISOLA VICENTINA (VI)

Buildings

1

04/05/2018

MALO (VI)

Buildings

1

04/05/2018

MALO (VI)

Land

1

04/05/2018

 

Buildings Details

 

Cadastre

Title

Location

Sheet No.

Particle No.

Sub No.

Categorie

Classe

Consistence

Cadastrial Rent

Part No.

B

Proprieta' per 1/1

ISOLA VICENTINA (VI) VIA FOSSANIGO, 1 Piano T-1 - 2

16

464

1

cat. D/1

Euro: 15.826,00

B

Proprieta'

MALO (VI) VIA MONTELLO, 34 Piano T-1 - S1

12

687

cat. D/7

Euro: 32.500,00

 

Land Details

 

Cadastre

Title

Location

Sheet No.

Particle No.

Sub No.

Category

Class

Consistence

Cadastrial Rent

Part No.

L

Proprieta' per 1/1

MALO (VI)

12

628

SEMIN ARBOR

3

59 ca

R.D.Euro:0,47 R.A. Euro: 0,24

 

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 1976.

Balance sheets for the years 2014, 2015 and 2016 were analyzed.

During the last years, it achieved profits (r.o.e. 10,27% on 2016)

The operating result was positive in the last financial year (5,26%) and in line with the sector's average.

The amount of the operating result is equal to Eur. 840.740 showing a downwards trend equal to -28,06% if compared to the value of the financial year 2015.

The economic management produced a gross operating margin of Eur. 1.635.059 on the same levels as the previous financial year.

The financial status of the company is fairly balanced with an indebtedness level of 1,71 and decreasing as against 2015.

The management generated equity capital for an amount of Eur. 3.574.360 , unchanged as opposed to the preceding year.

In the year 2016 total debts amounted to Eur. 12.051.414 showing a stable trend as opposed to 2015 (Eur. 13.703.939).

Financial debts as well as debts to suppliers are rather high however still within the sector's average.

It shows a good range of liquidity.

On average trade credits are collected in 82,26 days. , lower than the sector's average.

The financial management generated a cash flow of Eur. 1.161.352.

In the last financial year labour cost was of Eur. 2.666.957, with a 24,68% incidence on total costs of production. and a 23,61% incidence on sales volumes.

High incidence of financial charges on turnover.



Financial Data

 

Description: \\vivek-pc\E\507918_files\Verde.gif

Complete balance-sheet for the year

al 31/12/2016

(in Eur

x 1)

 

Item Type

Value

Sales

11.294.319

Profit (Loss) for the period

367.033

 

Description: \\vivek-pc\E\507918_files\Verde.gif

Complete balance-sheet for the year

al 31/12/2015

(in Eur

x 1)

 

Item Type

Value

Sales

12.574.953

Profit (Loss) for the period

265.749

 

Description: \\vivek-pc\E\507918_files\Verde.gif

Complete balance-sheet for the year

al 31/12/2014

(in Eur

x 1)

 

Item Type

Value

Sales

10.818.096

Profit (Loss) for the period

109.175

 

Description: \\vivek-pc\E\507918_files\Verde.gif

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

10.044.911

Profit (Loss) for the period

211.669

 

Description: \\vivek-pc\E\507918_files\Verde.gif

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

8.937.963

Profit (Loss) for the period

32.810



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.

525.655

560.537

614.243

. . Industrial patent rights

35.431

52.064

51.417

. . Concessions,licenses,trademarks,etc.

3.156

3.682

4.208

. . Goodwill

. . Assets in formation and advance paymen.

. . Other intangible fixed assets

45.779

47.885

47.497

. Total Intangible Fixed Assets

610.021

664.168

717.365

. TANGIBLE FIXED ASSETS

. . Real estate

6.694.404

6.827.369

6.963.524

. . Plant and machinery

1.377.219

1.507.058

1.241.340

. . Industrial and commercial equipment

23.795

46.472

63.127

. . Other assets

103.213

94.323

88.632

. . Assets under construction and advances

60.000

48.000

6.392

. Total Tangible fixed assets

8.258.631

8.523.222

8.363.015

. FINANCIAL FIXED ASSETS

. . Equity investments

86.777

83.502

78.342

. . . Equity invest. in subsidiary companies

64.881

64.881

64.881

. . . Equity invest. in associated companies

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

21.896

18.621

13.461

. . Financial receivables

. . . . Within 12 months

. . . . Beyond 12 months

. . . 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

. . . . Within 12 months

. . . . Beyond 12 months

. . Other securities

. . Own shares

. . . Total nominal value

. Total financial fixed assets

86.777

83.502

78.342

Total fixed assets

8.955.429

9.270.892

9.158.722

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

1.668.982

1.711.734

1.741.151

. . Work in progress and semimanufactured

230.151

393.324

215.650

. . Work in progress on order

. . Finished goods

581.388

788.992

1.211.022

. . Advance payments

86.141

80.161

67.514

. Total Inventories

2.566.662

2.974.211

3.235.337

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

3.735.793

4.006.067

3.812.802

. . Beyond 12 months

9.573

15.573

18.673

. . Trade receivables

2.580.629

2.759.058

2.637.905

. . . . Within 12 months

2.580.629

2.759.058

2.637.905

. . . . Beyond 12 months

. . Receivables due from subsid. comp.

772.474

817.411

690.208

. . . . Within 12 months

772.474

817.411

690.208

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from holding comp.

149.302

. . . . Within 12 months

149.302

. . . . Beyond 12 months

. . Fiscal Receivables

347.590

374.266

283.937

. . . . Within 12 months

347.590

374.266

283.937

. . . . Beyond 12 months

. . Receivables for anticipated taxes

33.790

52.012

18.526

. . . . Within 12 months

33.790

52.012

18.526

. . . . Beyond 12 months

. . Receivables due from third parties

10.883

18.893

51.597

. . . . Within 12 months

1.310

3.320

32.924

. . . . Beyond 12 months

9.573

15.573

18.673

. Total Credits not held as fixed assets

3.745.366

4.021.640

3.831.475

. 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

. Total Financial Assets

. LIQUID FUNDS

. . Bank and post office deposits

509.475

869.550

102.026

. . Checks

. . Banknotes and coins

6.920

9.390

6.359

. Total Liquid funds

516.395

878.940

108.385

Total current assets

6.828.423

7.874.791

7.175.197

ADJUSTMENT ACCOUNTS

. Discount on loans

94.443

40.299

. Other adjustment accounts

188.016

Total adjustments accounts

188.016

94.443

40.299

TOTAL ASSETS

15.971.868

17.240.126

16.374.218

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

2.600.000

2.600.000

2.600.000

. Additional paid-in capital

233.011

. Revaluation reserves

598.228

345.779

2.593.516

. Legal reserve

13.300

50.168

. Reserve for Own shares

. Statute reserves

. Other reserves

-4.201

249.765

. Accumulated Profits (Losses)

. Profit( loss) of the year

367.033

265.749

109.175

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

3.574.360

3.211.528

5.835.635

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

6.562

3.263

. . Taxation fund, also differed

9.410

7.863

. . Other funds

4.201

Total Reserves for Risks and Charges

20.173

11.126

Employee termination indemnities

256.360

255.932

257.758

ACCOUNTS PAYABLE

. . . . Within 12 months

6.616.556

7.759.150

7.662.455

. . . . Beyond 12 months

5.434.858

5.944.789

2.598.667

. . Bonds

3.988.107

. . . . Within 12 months

. . . . Beyond 12 months

3.988.107

. . Convertible bonds repayable

1.605.500

1.605.500

. . . . Within 12 months

. . . . Beyond 12 months

1.605.500

1.605.500

. . Due to shareholders for financing

931.330

3.328.511

. . . . Within 12 months

50.000

50.000

. . . . Beyond 12 months

881.330

3.278.511

. . Due to banks

4.356.694

4.567.544

3.279.372

. . . . Within 12 months

3.828.500

3.506.766

2.691.205

. . . . Beyond 12 months

528.194

1.060.778

588.167

. . Due to other providers of finance

. . . . Within 12 months

. . . . Beyond 12 months

. . Advances from customers

86.814

55.683

251.482

. . . . Within 12 months

86.814

55.683

251.482

. . . . Beyond 12 months

. . Trade payables

2.136.355

3.498.016

4.086.489

. . . . Within 12 months

2.136.355

3.498.016

4.086.489

. . . . 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

556.180

. . . . Within 12 months

151.180

. . . . Beyond 12 months

405.000

. . Due to the tax authorities

193.854

233.010

120.356

. . . . Within 12 months

193.854

233.010

120.356

. . . . Beyond 12 months

. . Due to social security and welfare inst.

115.186

116.671

104.317

. . . . Within 12 months

115.186

116.671

104.317

. . . . Beyond 12 months

. . Other payables

243.074

299.004

257.426

. . . . Within 12 months

205.847

299.004

257.426

. . . . Beyond 12 months

37.227

Total accounts payable

12.051.414

13.703.939

10.261.122

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

69.561

57.601

19.703

Total adjustment accounts

69.561

57.601

19.703

TOTAL LIABILITIES

15.971.868

17.240.126

16.374.218

 

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

Risk accounts

Civil and fiscal norms relation

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

11.294.319

12.574.953

10.818.096

. Changes in work in progress

-370.776

-244.356

161.982

. Changes in semi-manufact. products

. Capitalization of internal work

218.870

221.021

249.576

. Other income and revenues

503.976

630.833

427.263

. . Contributions for operating expenses

. . Different income and revenues

503.976

630.833

427.263

Total value of production

11.646.389

13.182.451

11.656.917

PRODUCTION COSTS

. Raw material,other materials and consum.

4.183.265

5.599.086

5.320.545

. Services received

2.668.745

2.726.569

2.348.887

. Leases and rentals

113.949

102.013

97.881

. Payroll and related costs

2.666.957

2.636.196

2.465.081

. . Wages and salaries

1.976.949

1.941.612

1.816.782

. . Social security contributions

540.316

548.743

510.593

. . Employee termination indemnities

149.692

142.095

137.706

. . Pension and similar

. . Other costs

3.746

. Amortization and depreciation

794.319

821.189

783.031

. . Amortization of intangible fixed assets

304.722

340.720

281.622

. . Amortization of tangible fixed assets

489.597

472.102

496.702

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

8.367

4.707

. Changes in raw materials

42.752

29.417

-22.196

. Provisions to risk reserves

. Other provisions

. Other operating costs

335.662

99.209

80.922

Total production costs

10.805.649

12.013.679

11.074.151

Diff. between value and cost of product.

840.740

1.168.772

582.766

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

161

207

155

. . In subsidiary companies

. . In associated companies

. . In other companies

161

207

155

. Other financial income

35

170

2.029

. . 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

. . Financ.income other than the above

35

170

2.029

. . . - Subsidiary companies

. . . - Associated companies

. . . - Holding companies

1.159

. . . - Other companies

35

170

870

. Interest and other financial expense

-234.569

-715.934

-355.491

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

-715.934

-355.491

Total financial income and expense

-234.373

-715.557

-353.307

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

. . Gains on disposals

. . Other extraordinary income

. Extraordinary expense

-1

. . Losses on disposals

. . Taxes relating to prior years

. . Other extraordinary expense

-1

Total extraordinary income and expense

-1

Results before income taxes

606.367

453.215

229.458

. Taxes on current income

239.334

187.466

120.283

. . current taxes

219.565

213.089

87.280

. . differed taxes(anticip.)

-25.623

-23.065

. Net income for the period

367.033

265.749

109.175

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

367.033

265.749

109.175

 

 

RATIOS

 

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

0,56

0,54

0,56

0,25

Elasticity Ratio

Units

0,43

0,46

0,44

0,72

Availability of stock

Units

0,16

0,17

0,20

0,17

Total Liquidity Ratio

Units

0,27

0,28

0,24

0,50

Quick Ratio

Units

0,03

0,05

0,01

0,02

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

1,71

2,14

1,29

2,61

Self Financing Ratio

Units

0,22

0,19

0,36

0,21

Capital protection Ratio

Units

0,17

0,11

0,54

0,71

Liabilities consolidation quotient

Units

0,86

0,80

0,37

0,24

Financing

Units

3,37

4,27

1,76

3,54

Permanent Indebtedness Ratio

Units

0,58

0,55

0,53

0,40

M/L term Debts Ratio

Units

0,36

0,36

0,17

0,12

Net Financial Indebtedness Ratio

Units

2,45

2,68

0,82

0,84

CORRELATION

Fixed assets ratio

Units

1,03

1,02

0,95

1,46

Current ratio

Units

1,03

1,01

0,94

1,20

Acid Test Ratio-Liquidity Ratio

Units

0,64

0,63

0,51

0,85

Structure's primary quotient

Units

0,40

0,35

0,64

0,86

Treasury's primary quotient

Units

0,08

0,11

0,01

0,04

Rate of indebtedness ( Leverage )

%

446,85

536,82

280,59

477,50

Current Capital ( net )

Value

211.867

115.641

-487.258

239.373

RETURN

Return on Sales

%

10,28

8,64

8,25

4,32

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

%

10,27

8,27

1,87

4,61

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

%

16,96

14,11

3,93

17,61

Return on Investment ( R.O.I. )

%

5,26

6,78

3,56

4,75

Return/ Sales

%

7,44

9,29

5,39

4,25

Extra Management revenues/charges incid.

%

43,66

22,74

18,73

18,91

Cash Flow

Value

1.161.352

1.086.938

892.206

138.084

Operating Profit

Value

840.740

1.168.772

582.766

154.078

Gross Operating Margin

Value

1.635.059

1.989.961

1.365.797

301.188

MANAGEMENT

Credits to clients average term

Days

82,26

78,99

87,78

110,83

Debts to suppliers average term

Days

110,41

149,42

215,18

121,75

Average stock waiting period

Days

81,81

85,15

107,66

60,34

Rate of capital employed return ( Turnover )

Units

0,71

0,73

0,66

1,12

Rate of stock return

Units

4,40

4,23

3,34

5,95

Labour cost incidence

%

23,61

20,96

22,79

21,94

Net financial revenues/ charges incidence

%

-2,08

-5,69

-3,27

-1,47

Labour cost on purchasing expenses

%

24,68

21,94

22,26

22,33

Short-term financing charges

%

1,95

5,22

3,46

2,84

Capital on hand

%

141,42

137,10

151,36

89,18

Sales pro employee

Value

136.076

153.353

140.494

165.709

Labour cost pro employee

Value

32.132

32.148

32.014

32.656

 

 

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: \\vivek-pc\E\507918_files\Spazio.gif831.356

Population living in the region

:

Description: \\vivek-pc\E\507918_files\Spazio.gif4.699.950

Number of families in the region

:

Description: \\vivek-pc\E\507918_files\Spazio.gif1.813.210

 

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

 

- per food products

:

Description: \\vivek-pc\E\507918_files\Spazio.gif456

- per non food products

:

Description: \\vivek-pc\E\507918_files\Spazio.gif2.052

- per energy consume

:

Description: \\vivek-pc\E\507918_files\Spazio.gif127

 

Sector Data

 

The values are calculated on a base of 1.023 significant companies.

 

The companies cash their credits on an average of 111 dd.

The average duration of suppliers debts is about 122 dd.

The sector's profitability is on an average of 4,32%.

The labour cost affects the turnover in the measure of 21,94%.

Goods are held in stock in a range of 60 dd.

The difference between the sales volume and the resources used to realize it is about 1,12.

The employees costs represent the 22,33% of the production costs.

 

 

Statistical Detrimental Data

 

Statistcally the trade activity shows periods of crisis.

The area is statistically considered lowly risky.

In the region 13.782 protested subjects are found; in the province they count to 2.234.

The insolvency index for the region is 0,30, , while for the province it is 0,27.

Total Bankrupt companies in the province : 2.546.

Total Bankrupt companies in the region : 16.714.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 67.11

UK Pound

1

INR 90.85

Euro

1

INR 80.12

Euro

1

INR 79.98

                                                                  

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

TRU

                                                


 

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.