|
|
|
|
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 |
Italdiamant S.p.a.
Via Montello, 34
36034 -
Malo (VI) -IT-
|
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 |
Manufacture of tools and
manual tools; interchangeable parts for machine tools
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 |
|
|
Meggiorin |
Pierino |
|
|
Born in Isola
Vicentina |
(VI) |
on 25/07/1950 |
- Fiscal Code :
MGGPRN50L25E354C |
|
|
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 |
|
|
No Prejudicial events
are reported |
|
|
No Protests registered |
|
|
Meggiorin |
Andrea |
|
|
Born in Malo |
(VI) |
on 04/07/1975 |
- Fiscal Code :
MGGNDR75L04E864T |
|
|
Residence: |
Canossiane |
, 11 |
- 36033 |
Isola Vicentina |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
03/07/2015 |
||
|
Managing Director |
03/07/2015 |
|
|
No Prejudicial events
are reported |
|
|
No Protests registered |
|
|
Meggiorin |
Marco |
|
|
Born in Thiene |
(VI) |
on 26/02/1993 |
- Fiscal Code :
MGGMRC93B26L157F |
|
|
Residence: |
Torre |
, 4 |
- 36033 |
Isola Vicentina |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
29/07/2015 |
|
|
No Prejudicial events
are reported |
|
|
No Protests registered |
|
|
Meggiorin |
Elena |
|
|
Born in Malo |
(VI) |
on 13/10/1981 |
- Fiscal Code :
MGGLNE81R53E864W |
|
|
Residence: |
Canossiane |
, 11 |
- 36033 |
Isola Vicentina |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
29/07/2015 |
|
|
No Prejudicial events
are reported |
|
|
No Protests registered |
*checkings have been
performed on a national scale.
In this module are
listed the companies in which members hold or have holded positions.
|
|
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.
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 |
The Company under review
has no participations in other Companies.
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 |
CHANGES TO THE LEGAL
FORM:
|
Former legal form |
New legal form |
Changement Date |
|
General partnership |
Joint stock company |
19/12/1984 |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by
taking over of |
|
|
|
|
, 36034 |
, Malo |
(VI) |
- IT - |
|
|
Fiscal Code:
03095790246 |
|
|
Date |
Merging/splitting-up
project: |
11/08/2003 |
|
|
Project of merging by
taking over of |
|
|
|
|
, 36034 |
, Malo |
(VI) |
- IT - |
|
|
Fiscal Code:
03095790246 |
|
|
Date |
Merging/splitting-up
project: |
23/03/2004 |
|
|
The firm absorbed by
merging of |
|
|
|
|
, 36034 |
, Malo |
(VI) |
- IT - |
|
|
Fiscal Code:
03095790246 |
|
|
Date |
: |
22/07/2004 |
|
|
Project of merging by
taking over of |
|
|
|
|
Alcide De Gasperi |
, 9 |
, 36034 |
, Malo |
(VI) |
- IT - |
|
|
Fiscal Code:
03088800242 |
|
|
Date |
Merging/splitting-up
project: |
20/04/2015 |
|
|
The firm absorbed by
merging of |
|
|
|
|
Alcide De Gasperi |
, 9 |
, 36034 |
, Malo |
(VI) |
- IT - |
|
|
Fiscal Code:
03088800242 |
|
|
Date |
: |
29/07/2015 |
Protests checking on the
subject firm has given a negative result.
Search performed on a
National Scale
|
|
Prejudicial Events
Search Result: NEGATIVE |
Search performed on a
specialized data base.
None reported, standing
to the latest received edition of the Official Publications.
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
CASSA DI RISPARMIO DEL
VENETO |
6225 |
0 |
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.
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.
|
|
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 |
|
|
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 |
|
|
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 |
|
|
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 |
|
|
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 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
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.
|
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 |
: |
|
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.
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 |
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.