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MIRA INFORM REPORT
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Report No. : |
510274 |
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Report Date : |
18.05.2018 |
IDENTIFICATION DETAILS
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Name : |
R.M.T.T. S.R.L. |
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|
|
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Registered Office : |
Via Sant'antonino, N.3 24122 – Bergamo (BG) -IT- |
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Country : |
Italy |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
22.02.2011 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of machine tools. |
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No. of Employees : |
From 1 to 5 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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
Euroanalysis Full
As for Your mandate, we report on :
R.m.t.t. S.r.l.
Via Sant'antonino, N.3
24122 - Bergamo (BG) -IT-
Summary
|
Fiscal Code |
: |
03726690161 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
22/02/2011 |
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Equity |
: |
200.000 |
|
Turnover Range |
: |
500.000/750.000 |
|
Number of Employees |
: |
from 1 to 5 |
Activity
Wholesale of machine tools
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 03726690161 |
|
Chamber of Commerce no. : 403085 of Bergamo
since 15/02/2011 |
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V.A.T. Code : 03726690161 |
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Establishment date |
: 01/02/2011 |
|
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Start of Activities |
: 22/02/2011 |
|
|
Legal duration |
: 31/12/2050 |
|
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Nominal Capital |
: 10.000 |
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Subscribed Capital |
: 10.000 |
|
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Paid up Capital |
: 10.000 |
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Legal mail : |
RMTT.SRL@CERT.CNA.IT |
Members
|
|
Rana |
Amit |
|
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Born in Delhi |
( ) |
on 13/05/1971 |
- Fiscal Code : RNAMTA71E13Z222Q |
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Residence: |
Puccini |
, 74 |
- 24027 |
Nembro |
(BG) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
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Director |
01/04/2011 |
||
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Board Chairman |
01/04/2011 |
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No Prejudicial events are reported |
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No Protests registered |
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Facchinetti |
Carolina |
|
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Born in Bergamo |
(BG) |
on 01/08/1969 |
- Fiscal Code : FCCCLN69M41A794Q |
|
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Residence: |
Puccini |
, 74 |
- 24027 |
Nembro |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/04/2011 |
Companies
connected to members *
*checkings have been performed on a national
scale.
In this module the companies in which members
hold/held positions are listed.
The Members of the subject firm are not
reported to be Members in other companies.
Capital Shareholders
Shareholders' list as at date of data
collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Rana Amit |
Nembro - IT - |
RNAMTA71E13Z222Q |
9.500 .Eur |
95,00 |
|
Facchinetti Carolina |
Nembro - IT - |
FCCCLN69M41A794Q |
500 .Eur |
5,00 |
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 |
|
Sant'antonino |
, N.3 |
- 24100 |
- Bergamo |
(BG) |
- IT - |
|
Legal mail |
: RMTT.SRL@CERT.CNA.IT |
|
- |
Branch |
(office) |
since 22/02/2011 |
|
Marconi |
, 123 |
- 24020 |
- Ranica |
(BG) |
- IT - |
|
- |
Branch |
since 09/02/2018 |
|
Calipari |
, 6 |
- 24061 |
- Albano Sant'Alessandro |
(BG) |
- IT - |
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Employees |
: 1 |
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Assistants |
: 2 |
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Stocks for a value of 130.000 |
Eur |
Protests
Protests checking on the subject firm has given
a negative result.
Data
Base Prejudicial Events Search
Search performed on a National Scale
|
|
Prejudicial Events Search
Result: NEGATIVE |
Search performed on a specialized data base.
Legal
Procedures
None reported, standing to the latest
received edition of the Official Publications.
National
Real Estates Survey
|
The requested subject is not present c/o
the CADASTRE OFFICES. |
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
The company is active since 2011
The analysis is based on the latest 3 balance
sheets.
During the last years, it recorded positive
net results (r.o.e. 28,4% in 2016) with a stable trend in the turnover.
The operating result in 2016 was positive
(10,46%) falling within the field's average.
The amount of the operating result is equal
to Eur. 83.080 rising (+79,93%) in relation to the previous year.
A gross operating margine for a value of Eur.
87.595 was reached. with a 77,72% increase as opposed to the preceding year.
Very good financial situation: shareholder's
equity covers short-terms debts with an indebtedness level equal to 0,07
With regard to equity capital, an amount of
Eur. 156.475 is registered. , stable in comparison with the value of the
previous year.
During the last financial year total debts
volume reached Eur. 637.173 (Eur. 313.646 were m/l term ones) while during the
financial year 2015 the amount was equal to Eur. 509.252.
Current liquid assets is positive.
During financial year 2016 the cash flow
amounted to Eur. 48.951
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 |
526.780 |
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Profit (Loss) for the period |
44.436 |
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Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
604.183 |
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Profit (Loss) for the period |
17.747 |
|
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Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.151.993 |
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Profit (Loss) for the period |
70.986 |
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Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
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Item Type |
Value |
|
Sales |
927.840 |
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Profit (Loss) for the period |
72.714 |
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Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
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Item Type |
Value |
|
Sales |
855.762 |
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Profit (Loss) for the period |
77.245 |
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 |
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- Balance Sheet as at 31/12/2015 - 12 Mesi -
Currency: - Amounts x 1 |
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- 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 |
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COMPOSITION ON INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,03 |
0,04 |
0,03 |
0,10 |
|
Elasticity Ratio |
Units |
0,92 |
0,90 |
0,91 |
0,87 |
|
Availability of stock |
Units |
0,16 |
0,02 |
0,12 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,76 |
0,88 |
0,79 |
0,61 |
|
Quick Ratio |
Units |
0,39 |
0,44 |
0,67 |
0,03 |
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COMPOSITION ON SOURCE |
|||||
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Net Short-term indebtedness |
Units |
0,07 |
n.c. |
0,28 |
4,04 |
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Self Financing Ratio |
Units |
0,20 |
0,23 |
0,25 |
0,16 |
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Capital protection Ratio |
Units |
0,65 |
0,82 |
0,60 |
0,59 |
|
Liabilities consolidation quotient |
Units |
0,97 |
2,17 |
n.c. |
0,11 |
|
Financing |
Units |
4,07 |
3,35 |
2,94 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,59 |
0,76 |
0,25 |
0,26 |
|
M/L term Debts Ratio |
Units |
0,39 |
0,53 |
n.c. |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
1,07 |
0,00 |
1,01 |
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CORRELATION |
|||||
|
Fixed assets ratio |
Units |
21,79 |
20,69 |
8,83 |
2,12 |
|
Current ratio |
Units |
2,27 |
3,71 |
1,22 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,87 |
3,61 |
1,06 |
0,88 |
|
Structure's primary quotient |
Units |
7,25 |
6,29 |
8,83 |
1,40 |
|
Treasury's primary quotient |
Units |
0,97 |
1,81 |
0,90 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
507,58 |
435,40 |
394,35 |
620,22 |
|
Current Capital ( net ) |
Value |
410.405 |
435.419 |
133.353 |
131.414 |
|
RETURN |
|||||
|
Return on Sales |
% |
9,29 |
3,45 |
6,39 |
2,27 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
28,40 |
11,67 |
34,75 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
43,13 |
19,11 |
52,96 |
18,85 |
|
Return on Investment ( R.O.I. ) |
% |
10,46 |
6,97 |
14,60 |
4,76 |
|
Return/ Sales |
% |
15,77 |
7,64 |
10,21 |
3,70 |
|
Extra Management revenues/charges incid. |
% |
53,49 |
38,44 |
60,34 |
28,15 |
|
Cash Flow |
Value |
48.951 |
20.863 |
73.567 |
39.655 |
|
Operating Profit |
Value |
83.080 |
46.172 |
117.651 |
63.123 |
|
Gross Operating Margin |
Value |
87.595 |
49.288 |
120.232 |
99.042 |
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MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
n.c. |
162,98 |
20,45 |
119,16 |
|
Debts to suppliers average term |
Days |
n.c. |
38,25 |
43,73 |
116,83 |
|
Average stock waiting period |
Days |
87,41 |
9,24 |
30,86 |
58,39 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,66 |
0,91 |
1,43 |
1,36 |
|
Rate of stock return |
Units |
4,12 |
38,98 |
11,67 |
6,14 |
|
Labour cost incidence |
% |
n.c. |
n.c. |
n.c. |
8,98 |
|
Net financial revenues/ charges incidence |
% |
-2,96 |
-3,05 |
-0,83 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
n.c. |
n.c. |
n.c. |
8,98 |
|
Short-term financing charges |
% |
2,45 |
3,62 |
1,62 |
2,60 |
|
Capital on hand |
% |
150,77 |
109,57 |
69,93 |
73,17 |
|
Sales pro employee |
Value |
394.001 |
|||
|
Labour cost pro employee |
Value |
34.340 |
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 |
: |
|
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Population living in the region |
: |
|
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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 2.551
significant companies.
The companies cash their credits on an
average of 119 dd.
The average duration of suppliers debts is
about 117 dd.
The sector's profitability is on an average
of 2,27%.
The labour cost affects the turnover in the
measure of 8,98%.
Goods are held in stock in a range of 58 dd.
The difference between the sales volume and
the resources used to realize it is about 1,36.
The employees costs represent the 8,98% 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 50.886 protested subjects are
found; in the province they count to 4.150.
The insolvency index for the region is 0,55,
, while for the province it is 0,41.
Total Bankrupt companies in the province :
4.376.
Total Bankrupt companies in the region :
39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.71 |
|
|
1 |
INR 91.89 |
|
Euro |
1 |
INR 79.89 |
|
EURO |
1 |
INR 80.30 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
POJ |
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.