|
|
|
MIRA INFORM REPORT
|
Report No. : |
508327 |
|
Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
DOCTOR RESIN E CHEMICALS S.R.L |
|
|
|
|
Registered Office : |
Viale Della Pace, 40, 19038-
Sarzana(SP)-IT |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
18.01.2008 |
|
|
|
|
Legal Form : |
Limited liability
company |
|
|
|
|
Line of Business : |
Recovery
and preparation for recycling of plastic for the production of plastic
plastic materials, synthetic resins |
|
|
|
|
No. of Employees : |
From 6 to 10 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Italy |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
ITALY - ECONOMIC OVERVIEW
Italy’s economy compromises a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, with a legacy of unemployment and underdevelopment. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors.
Italy is the third-largest economy in the euro zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, reaching 131% of GDP in 2017. Investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era records. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's longstanding structural economic problems, including labor market inefficiencies, a sluggish judicial system, and a weak banking sector. Italy’s economy returned to modest growth in late 2014 for the first time since 2011. In 2015-16, Italy’s economy grew at about 1% each year, and in 2017 growth accelerated to 1.5% of GDP. In 2017, overall unemployment was 11.4%, but youth unemployment remained high at 37.1%.
|
Source : CIA |
Company
name and address
|
Doctor
Resin E Chemicals S.r.l. |
|
Viale |
Della
Pace, |
40 |
|
19038 |
-
Sarzana |
(SP) |
-IT- |
Summary
|
Fiscal
Code |
: |
01269290118 |
|
Legal
Form |
: |
Limited
liability company |
|
start
of Activities |
: |
08/01/2009 |
|
Equity |
: |
2.000.000
|
|
Turnover
Range |
: |
5.000.000/6.500.000
|
|
Number
of Employees |
: |
fom 6
to 10 |
Activity
Recovery and
preparation for recycling of plastic for the production of plastic plastic
materials, synthetic resins
Legal Data
Legal
Form : Limited liability company
|
Fiscal
Code : 01269290118 |
|
Foreign
Trade Reg. no. : SP004854 since 06/03/2018 |
|
Chamber
of Commerce no. : 114662 of La Spezia since 30/01/2008 |
|
V.A.T.
Code : 01269290118 |
|
Establishment
date |
:
18/01/2008 |
|
|
Start
of Activities |
:
08/01/2009 |
|
|
Legal
duration |
:
31/12/2050 |
|
|
Nominal
Capital |
:
100.000 |
|
|
Subscribed
Capital |
: 100.000 |
|
|
Paid up
Capital |
:
100.000 |
|
Legal
mail : |
DOCTOR-RESIN@LEGALMAIL.IT |
Members
|
|
La
Porta |
Costantino |
|
|
Born in
Germania |
( ) |
on
30/10/1953 |
-
Fiscal Code : LPRCTN53R30Z112L |
|
|
Residence: |
Bracioli |
, 15 |
- 19034 |
Luni |
(SP) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole
Director |
18/01/2008 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Gemetti |
Giulia |
|
|
Born in
Carrara |
(MS) |
on
27/09/1959 |
-
Fiscal Code : GMTGLI59P67B832F |
|
|
Residence: |
Braccioli |
, 15 |
- 19034 |
Ortonovo |
(SP) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
|
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.
|
|
La
Porta |
Costantino |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
LUNA
ABRASIV DI PAPINI SERGIO eamp; LA PORTACOSTANTINO - S.N.C. |
Ortonovo
(SP) - IT - |
00703100115 |
Partner |
Withdrawn |
Merged |
|
LUNA
ABRASIV DI PAPINI SERGIO eamp; LA PORTACOSTANTINO - S.N.C. |
Ortonovo
(SP) - IT - |
00703100115 |
Partner |
Withdrawn |
Merged |
|
Luna
Diamond S.R.L. |
Sarzana
(SP) - IT - |
00958500118 |
Director |
Withdrawn |
Merged |
|
Immobiliare
Luna Srl |
Vezzano
Ligure (SP) - IT - |
01040090118 |
Director |
Withdrawn |
Registered |
|
Immobiliare
Luna Srl |
Vezzano
Ligure (SP) - IT - |
01040090118 |
Board
Chairman |
Active |
Registered |
|
Luna
Abrasivi Srl |
Vezzano
Ligure (SP) - IT - |
00314020116 |
Director |
Withdrawn |
Registered |
|
LUNA
INV - S.R.L. |
Sarzana
(SP) - IT - |
00916180110 |
Vice-Chairman |
Withdrawn |
Registered |
|
L. E G.
S.r.l. |
Sarzana
(SP) - IT - |
01409680111 |
Sole
Director |
Active |
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 |
|
La
Porta Costantino |
Luni -
IT - |
LPRCTN53R30Z112L |
70.000
.Eur |
70,00 |
|
Gemetti
Giulia |
Ortonovo
- IT - |
GMTGLI59P67B832F |
30.000
.Eur |
30,00 |
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 |
|
Della
Pace |
, 40 |
- 19038 |
-
Sarzana |
(SP) |
- IT - |
|
PHONE |
:
0187986821 |
|
FAX |
:
0187954407 |
|
Email |
:
info@doctor-resin.com |
|
Legal
mail |
:
DOCTOR-RESIN@LEGALMAIL.IT |
|
- |
Branch |
since
19/01/2009 |
|
Xxv
Aprile |
, 87 |
- 19021 |
-
Arcola |
(SP) |
- IT - |
|
Employees |
: 8 |
|
Stocks
for a value of 980.000 |
Eur |
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
Splitting-up
project and setting-up of new co |
|
|
Date |
Merging/Splitting-up
Project-New Company: |
16/10/2014 |
|
|
Splitting-up
and setting-up of a new company |
|
|
|
|
,
Sarzana |
- IT - |
|
|
Date |
Splitting-up:
|
19/12/2014 |
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 |
|
ARCOLA
(SP) |
Buildings |
3 |
07/05/2018 |
|
Buildings
Details |
|
Cadastre |
Title |
Location |
Sheet
No. |
Particle
No. |
Sub No. |
Categorie |
Classe |
Consistence |
Cadastrial
Rent |
Part
No. |
|
B |
Proprieta'
per 1/1 |
ARCOLA (SP)
VIA XXV APRILE, Piano T |
3 |
376 |
10 |
cat.
F/1 |
||||
|
B |
Proprieta'
per 1/1 |
ARCOLA
(SP) VIA XXV APRILE, Piano T |
3 |
376 |
11 |
cat.
F/1 |
||||
|
B |
Proprieta'
per 1/1 |
ARCOLA
(SP) VIA XXV APRILE, 85 Piano T-1 - 2 |
3 |
376 |
9 |
cat.
D/7 |
Euro:
12.722,00 |
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 2009.
The
economic-financial analysis has been made on the base of the b/s of the latests
three years.
During
the last years, it achieved profits (r.o.e. 46,39% on 2016) with a good
increase in turnover (+32,17% in 2016 compared to 2015 and +11,21% in 2015
compared to 2014).
The
operating result in 2016 was positive (22,2%) and is higher than the sector's
average.
The
amount of the operating result for the year 2016 is of Eur. 1.174.724
increasing if compared to the yeart 2015.
The
G.O.M. amounted to Eur. 1.293.329 growing by more then 100% if compared to the
year before.
The company
has an excellent net worth if compared to its debts, with a low indebtedness
(0,68) lower than in 2015.
It's
shareholders funds amount to Eur. 1.720.036 , increasing by 65,65% if compared
to the year before.
In the
year 2016 total debts amounted to Eur. 3.470.528 on the same levels as the year
before.
Available
funds are good.
During
financial year 2016 the cash flow amounted to Eur. 916.580
Labour
cost expenses amount to Eur. 359.826 , representing 7,86% on the total of
production costs. , with a 6,38% incidence on turnover.
The
financial management has a limited economic impact, equal to -0,11% on the
sales.
Financial Data
|
|
Complete
balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item
Type |
Value |
|
Sales |
5.638.520 |
|
Profit
(Loss) for the period |
797.975 |
|
|
Complete
balance-sheet for the year |
al
31/12/2015 |
(in Eur |
x 1) |
|
Item
Type |
Value |
|
Sales |
4.266.088 |
|
Profit
(Loss) for the period |
232.504 |
|
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in Eur |
x 1) |
|
Item
Type |
Value |
|
Sales |
3.835.927 |
|
Profit
(Loss) for the period |
266.542 |
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in Eur |
x 1) |
|
Item
Type |
Value |
|
Sales |
3.814.470 |
|
Profit
(Loss) for the period |
334.572 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in Eur |
x 1) |
|
Item
Type |
Value |
|
Sales |
3.338.273 |
|
Profit
(Loss) for the period |
113.128 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,21 |
0,25 |
0,27 |
0,32 |
|
Elasticity
Ratio |
Units |
0,79 |
0,75 |
0,72 |
0,66 |
|
Availability
of stock |
Units |
0,19 |
0,20 |
0,16 |
0,05 |
|
Total
Liquidity Ratio |
Units |
0,60 |
0,55 |
0,56 |
0,56 |
|
Quick
Ratio |
Units |
0,05 |
0,06 |
0,05 |
0,02 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
0,68 |
0,87 |
0,41 |
3,02 |
|
Self
Financing Ratio |
Units |
0,33 |
0,23 |
0,23 |
0,20 |
|
Capital
protection Ratio |
Units |
0,48 |
0,68 |
0,59 |
0,60 |
|
Liabilities
consolidation quotient |
Units |
1,52 |
1,97 |
4,38 |
0,19 |
|
Financing |
Units |
2,02 |
3,24 |
3,37 |
3,78 |
|
Permanent
Indebtedness Ratio |
Units |
0,73 |
0,74 |
0,86 |
0,36 |
|
M/L
term Debts Ratio |
Units |
0,41 |
0,51 |
0,63 |
0,13 |
|
Net
Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
1,23 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
3,48 |
3,00 |
3,12 |
1,08 |
|
Current
ratio |
Units |
2,94 |
2,91 |
5,01 |
1,08 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
2,25 |
2,15 |
3,88 |
0,91 |
|
Structure's
primary quotient |
Units |
1,54 |
0,94 |
0,82 |
0,61 |
|
Treasury's
primary quotient |
Units |
0,17 |
0,22 |
0,36 |
0,03 |
|
Rate of
indebtedness ( Leverage ) |
% |
307,68 |
432,03 |
444,02 |
501,43 |
|
Current
Capital ( net ) |
Value |
2.751.955 |
2.210.322 |
2.268.797 |
124.364 |
|
RETURN |
|||||
|
Return
on Sales |
% |
16,26 |
8,19 |
10,12 |
4,83 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
46,39 |
22,39 |
30,09 |
5,29 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
67,94 |
33,02 |
46,69 |
16,75 |
|
Return
on Investment ( R.O.I. ) |
% |
22,20 |
7,75 |
11,48 |
4,40 |
|
Return/
Sales |
% |
20,83 |
8,15 |
11,77 |
3,91 |
|
Extra
Management revenues/charges incid. |
% |
67,93 |
66,87 |
59,03 |
29,83 |
|
Cash
Flow |
Value |
916.580 |
349.272 |
388.348 |
324.954 |
|
Operating
Profit |
Value |
1.174.724 |
347.697 |
451.560 |
238.307 |
|
Gross
Operating Margin |
Value |
1.293.329 |
464.465 |
573.366 |
536.619 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
n.c. |
n.c. |
n.c. |
124,35 |
|
Debts
to suppliers average term |
Days |
n.c. |
n.c. |
n.c. |
125,23 |
|
Average
stock waiting period |
Days |
62,62 |
74,55 |
59,80 |
13,40 |
|
Rate of
capital employed return ( Turnover ) |
Units |
1,07 |
0,95 |
0,98 |
1,17 |
|
Rate of
stock return |
Units |
5,75 |
4,83 |
6,02 |
26,56 |
|
Labour
cost incidence |
% |
6,38 |
7,22 |
8,60 |
16,40 |
|
Net
financial revenues/ charges incidence |
% |
-0,11 |
-0,11 |
-0,97 |
-1,32 |
|
Labour
cost on purchasing expenses |
% |
7,86 |
7,61 |
9,41 |
16,83 |
|
Short-term
financing charges |
% |
0,18 |
0,17 |
1,33 |
2,89 |
|
Capital
on hand |
% |
93,86 |
105,15 |
102,54 |
84,95 |
|
Sales
pro employee |
Value |
512.592 |
474.009 |
383.592 |
207.518 |
|
Labour
cost pro employee |
Value |
32.711 |
34.229 |
32.986 |
33.676 |
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 403 significant companies.
The
companies cash their credits on an average of 124 dd.
The
average duration of suppliers debts is about 125 dd.
The
sector's profitability is on an average of 4,83%.
The
labour cost affects the turnover in the measure of 16,40%.
Goods are
held in stock in a range of 13 dd.
The
difference between the sales volume and the resources used to realize it is about
1,17.
The
employees costs represent the 16,83% of the production costs.
Statistical Detrimental Data
Statistcally
the trade activity shows periods of crisis.
The area
is statistically considered moderately risky.
In the
region 7.546 protested subjects are found; in the province they count to 989.
The
insolvency index for the region is 0,48, , while for the province it is 0,45.
Total
Bankrupt companies in the province : 1.227.
Total
Bankrupt companies in the region : 7.305.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.22 |
|
|
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
|
Euro |
1 |
INR 80.50 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
SYL |
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.