MIRA INFORM REPORT

 

 

Report No. :

510648

Report Date :

22.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

VT TECNORAPP SRL

 

 

Registered Office :

Via Del Lavoro, 5 36016  - Thiene

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

05.01.2005

 

 

Legal Form :

Sole-Member Limited Liability Company

 

 

Line of Business :

·         Manufacture of other parts and accessories for motor vehicles and their engines

·         Wholesale and retail trade of parts and accessories for motorcycles and mopeds

 

 

No. of Employees :

From 11 to 15

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

D

 

Credit Rating

Explanation

Rating Comments

D

High Risk

Business dealing not recommended or on secured terms only

 

Status :

In Liquidation

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

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

 

Vt Tecnorapp Srl - In Liquidazione

 

Via Del Lavoro, 5

 

36016 - Thiene (VI) -IT-

 

 

Summary

 

Fiscal Code

:

03198840245

Legal Form

:

Sole-Member Limited Liability Company

start of Activities

:

05/01/2005

Equity

:

Unknown.

Turnover Range

:

250.000/375.000

Number of Employees

:

from 11 to 15

Firm's Status

:

In liquidation



Activity

 

Manufacture of other parts and accessories for motor vehicles and their engines

Wholesale and retail trade of parts and accessories for motorcycles and mopeds



Legal Data

 

Legal Form : Sole-Member Limited Liability Company

Fiscal Code : 03198840245

 

Chamber of Commerce no. : 306501 of Vicenza since 17/01/2005

 

V.A.T. Code : 03198840245

 

Establishment date

: 14/12/2004

Start of Activities

: 05/01/2005

Legal duration

: 31/12/2030

Nominal Capital

: 219.000

Subscribed Capital

: 219.000

Paid up Capital

: 219.000

 

Legal mail :

VTTECNORAPPSRL@PEC.IT

 

 

Members

 

Zen

Pietro

 

Born in Padova

(PD)

on 22/08/1942

- Fiscal Code : ZNEPTR42M22G224T

 

Residence:

Eraclea

, 2

- 35142

Padova

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Liquidator

17/12/2013

Sole partner

 

No Prejudicial events are reported

 

No Protests registered

 

Zotta

Lorenzo

 

Born in Bassano del Grappa

(VI)

on 10/08/1965

- Fiscal Code : ZTTLNZ65M10A703U

 

Residence:

Concordia

, 10

- 36050

Cartigliano

(VI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Judicial liquidator

29/12/2016



Valerio

Martina

 

Born in Sandrigo

(VI)

on 22/11/1969

- Fiscal Code : VLRMTN69S62H829I

 

Residence:

Garziere

, 23

- 36016

Thiene

(VI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Receiver

10/04/2015

 

 

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.

 

Zen

Pietro

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Zen Commerciale S.r.l.

Legnaro (PD) - IT -

02173050283

Chairman

Withdrawn

Ceased

Autocar S.r.l.

Due Carrare (PD) - IT -

00230120289

Chairman

Active

Registered

Autocar S.r.l.

Due Carrare (PD) - IT -

00230120289

Managing Director

Active

Registered

Vt Srl - In Liquidazione

Thiene (VI) - IT -

01335080246

Liquidator

Active

Registered

Zetapi Immobiliare S.r.l. In Liquidazione

Roma (RM) - IT -

02561770286

Liquidator

Active

Registered

ZEN PIETRO

PADOVA (PD) - IT -

ZNEPTR42M22G224T

Proprietor

Withdrawn

Ceased



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

Zen Pietro

Padova - IT -

ZNEPTR42M22G224T

100,00



Direct Participations

 

The Company under review has no participations in other Companies.



Firm's location and structure

 

-

Legal and operative seat

 

Del Lavoro

, 5

- 36016

- Thiene

(VI)

- IT -

 

Legal mail

: VTTECNORAPPSRL@PEC.IT

 

Employees

: 11

 

Fittings and Equipment for a value of 550.000

Eur

 

Stocks for a value of 610.000

Eur

 

 

Historical Information and/or Firm's Status

 

CEASINGS/INCORPORATIONS/MERGES:

 

The company is in voluntary winding-up

 

Date

: 17/12/2013



Project of merging by taking over of

 

Vt Srl - In Liquidazione

 

Del Lavoro

, 5

, 36016

, Thiene

(VI)

- IT -

 

Fiscal Code: 01335080246

 

Date

Merging/splitting-up project:

02/08/2013



Protests

 

Protests checking on the subject firm has given the following results:

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

14/01/2014

7.840

15.180.357

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

05/11/2013

16.204

31.375.319

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

05/11/2013

1.282

2.482.298

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

19/11/2013

16.204

31.375.319

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

28/10/2013

15.000

29.044.050

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

05/11/2013

2.367

4.583.151

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

05/11/2013

13.723

26.571.433

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

14/10/2013

26.765

51.824.267

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

17/10/2013

5.190

10.049.241

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

02/10/2013

2.367

4.583.151

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

09/10/2013

20.729

40.136.941

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

02/10/2013

22.869

44.280.559

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

12/09/2013

17.160

33.226.393

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

12/09/2013

15.000

29.044.050

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

12/09/2013

2.996

5.801.065

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

25/09/2013

12.595

24.387.321

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

20/09/2013

6.494

12.574.137

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

12/09/2013

34.536

66.871.021

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

02/08/2013

30.491

59.038.809

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

24/07/2013

10.000

19.362.700

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

03/07/2013

2.743

5.311.189

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

24/07/2013

3.365

6.515.549

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

10/07/2013

21.719

42.053.848

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

04/06/2013

9.722

18.824.417

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

04/06/2013

4.704

9.108.214

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

25/06/2013

6.494

12.574.137

 

VT TECNORAPP SRL UNIPERSONALE (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

12/06/2013

20.732

40.142.750

 

VT TECNORAPP S.R.L. (03198840245)

VIA DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

05/11/2013

3.425

6.631.725

 

VT TECNORAPP S.R.L. (03198840245)

VIA DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

02/10/2013

3.425

6.631.725

 

VT TECNORAPP S.R.L. (03198840245)

VIA DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

04/09/2013

3.425

6.631.725

 

VT TECNORAPP S.R.L. (03198840245)

VIA DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

02/08/2013

3.425

6.631.725

 

VT TECNORAPP S.R.L. (03198840245)

VIA DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

03/07/2013

3.425

6.631.725

 

VT TECNORAPP S.R.L. (03198840245)

VIA DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

04/06/2013

3.425

6.631.725

 

VT TECNORAPP SRL (03198840245)

V.LE DEL LAVORO 5

- THIENE

 

Protest Type

Elevation Date

Amount (in Euros)

Amount (in Liras)

Reason

Elevation Officer

Protested bill

12/06/2013

30.022

58.130.698



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

 

In the name of the firm we report the following events:

 

Composition with creditors since 10/04/2015



  

Communications linked to procedures

 

-

 

- Proposal for composition agreement

 

 

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 2005

An eco-fin analysis has been made on the base od the b/s fo the years 2014, 2015 and 2016.

From a financial point of view, losses have been registered during the last years.

A loss is registered as to the operating result (-1,72%).

The operating result is negative (Eur. -52.570).

With regard to GOM, subject closed 2016 financial account with a negative result (Eur. -52.570).

Net worth is not adequate to a normal business management; short term indebtedness volume is remarkable and the gearing ratio is high

The economic results caused a decrease of shareholders equity, which is negative.

The financial management has recorded total debts amounting to Eur. 6.194.740, on the same levels as the year before.

Liquidity is rather modest.

Managerial cash flow has a minus sign and is equal to Eur. -52.145.

No incidence of financial charges as lower than the incomes.



Financial Data

 

Complete balance-sheet for the year

al 31/12/2016

(in Eur

x 1)

 

Item Type

Value

Sales

343.995

Profit (Loss) for the period

-52.145

 

Complete balance-sheet for the year

al 31/12/2015

(in Eur

x 1)

 

Item Type

Value

Sales

152.148

Profit (Loss) for the period

8.830

 

Complete balance-sheet for the year

al 31/12/2014

(in Eur

x 1)

 

Item Type

Value

Sales

649.830

Profit (Loss) for the period

-650.138

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

1.581.578

Profit (Loss) for the period

-2.545.338

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

4.819.876

Profit (Loss) for the period

-1.313.316



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.

. . Industrial patent rights

. . Concessions,licenses,trademarks,etc.

. . Goodwill

. . Assets in formation and advance paymen.

. . Other intangible fixed assets

. Total Intangible Fixed Assets

. TANGIBLE FIXED ASSETS

. . Real estate

. . Plant and machinery

. . Industrial and commercial equipment

. . Other assets

. . Assets under construction and advances

. Total Tangible fixed assets

612.781

612.891

. FINANCIAL FIXED ASSETS

. . Equity investments

. . . Equity invest. in subsidiary companies

. . . Equity invest. in associated companies

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

. . 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

Total fixed assets

612.781

612.891

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

. . Work in progress and semimanufactured

. . Work in progress on order

. . Finished goods

. . Advance payments

. Total Inventories

609.072

967.349

1.125.719

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

1.709.758

1.363.645

1.278.536

. . Beyond 12 months

31

31

. . Trade receivables

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from subsid. comp.

. . . . 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

. . Fiscal Receivables

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables for anticipated taxes

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from third parties

. . . . Within 12 months

. . . . Beyond 12 months

. Total Credits not held as fixed assets

1.709.789

1.363.676

1.278.536

. 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

. . Checks

. . Banknotes and coins

. Total Liquid funds

745.241

116.007

21.727

Total current assets

3.064.102

2.447.032

2.425.982

ADJUSTMENT ACCOUNTS

. Discount on loans

. Other adjustment accounts

2

2

70

Total adjustments accounts

2

2

70

TOTAL ASSETS

3.064.104

3.059.815

3.038.943

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

-377.166

-377.166

-377.166

. Additional paid-in capital

1.466.229

1.466.229

1.466.229

. Revaluation reserves

. Legal reserve

30.366

21.536

21.536

. Reserve for Own shares

. Statute reserves

. Other reserves

309.133

309.135

309.133

. Accumulated Profits (Losses)

-4.508.792

-4.508.792

-3.858.654

. Profit( loss) of the year

-52.145

8.830

-650.138

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

-3.132.375

-3.080.228

-3.089.060

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

. . Taxation fund, also differed

. . Other funds

Total Reserves for Risks and Charges

Employee termination indemnities

1.739

18.446

28.737

ACCOUNTS PAYABLE

. . . . Within 12 months

6.194.740

6.121.597

6.093.316

. . . . Beyond 12 months

. . Bonds

. . . . Within 12 months

. . . . Beyond 12 months

. . Convertible bonds repayable

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to shareholders for financing

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to banks

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to other providers of finance

. . . . Within 12 months

. . . . Beyond 12 months

. . Advances from customers

. . . . Within 12 months

. . . . Beyond 12 months

. . Trade payables

. . . . Within 12 months

. . . . 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

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to the tax authorities

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to social security and welfare inst.

. . . . Within 12 months

. . . . Beyond 12 months

. . Other payables

. . . . Within 12 months

. . . . Beyond 12 months

Total accounts payable

6.194.740

6.121.597

6.093.316

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

5.950

Total adjustment accounts

5.950

TOTAL LIABILITIES

3.064.104

3.059.815

3.038.943

 

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

343.995

152.148

649.830

. Changes in work in progress

-19.564

-31.394

29.618

. Changes in semi-manufact. products

. Capitalization of internal work

. Other income and revenues

20.354

38.478

29.637

. . Contributions for operating expenses

. . Different income and revenues

20.354

38.478

29.637

Total value of production

344.785

159.232

709.085

PRODUCTION COSTS

. Raw material,other materials and consum.

181

239.018

. Services received

12.991

16.252

222.467

. Leases and rentals

26.333

. Payroll and related costs

127.304

. . Wages and salaries

89.812

. . Social security contributions

33.582

. . Employee termination indemnities

2.975

. . Pension and similar

. . Other costs

935

. Amortization and depreciation

30.810

. . Amortization of intangible fixed assets

. . Amortization of tangible fixed assets

30.810

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

. Changes in raw materials

338.713

126.976

470.987

. Provisions to risk reserves

. Other provisions

. Other operating costs

45.651

1.015

181.339

Total production costs

397.355

144.424

1.298.258

Diff. between value and cost of product.

-52.570

14.808

-589.173

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

425

223

19

. . 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

425

223

19

. . . - Subsidiary companies

. . . - Associated companies

. . . - Holding companies

. . . - Other companies

425

223

19

. Interest and other financial expense

-5.459

-92.535

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

Total financial income and expense

425

-5.236

-92.516

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

31.553

. . Gains on disposals

. . Other extraordinary income

31.553

. Extraordinary expense

-2

. . Losses on disposals

. . Taxes relating to prior years

. . Other extraordinary expense

-2

Total extraordinary income and expense

31.551

Results before income taxes

-52.145

9.572

-650.138

. Taxes on current income

742

. . current taxes

742

. . differed taxes(anticip.)

. Net income for the period

-52.145

8.830

-650.138

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

-52.145

8.830

-650.138

 

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

n.c.

0,20

0,20

0,12

Elasticity Ratio

Units

1,00

0,80

0,80

0,85

Availability of stock

Units

0,20

0,32

0,37

0,48

Total Liquidity Ratio

Units

0,80

0,48

0,43

0,32

Quick Ratio

Units

0,24

0,04

0,01

0,02

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

n.c.

n.c.

n.c.

3,00

Self Financing Ratio

Units

n.c.

n.c.

n.c.

0,16

Capital protection Ratio

Units

n.c.

n.c.

n.c.

0,74

Liabilities consolidation quotient

Units

0,00

0,00

0,00

0,12

Financing

Units

n.c.

n.c.

n.c.

5,00

Permanent Indebtedness Ratio

Units

n.c.

n.c.

n.c.

0,34

M/L term Debts Ratio

Units

0,00

0,01

0,01

0,07

Net Financial Indebtedness Ratio

Units

n.c.

n.c.

n.c.

1,13

CORRELATION

Fixed assets ratio

Units

n.c.

n.c.

n.c.

2,23

Current ratio

Units

0,49

0,40

0,40

0,98

Acid Test Ratio-Liquidity Ratio

Units

0,40

0,24

0,21

0,43

Structure's primary quotient

Units

n.c.

n.c.

n.c.

1,24

Treasury's primary quotient

Units

0,12

0,02

0,00

0,04

Rate of indebtedness ( Leverage )

%

n.c.

n.c.

n.c.

587,54

Current Capital ( net )

Value

-3.130.638

-3.674.565

-3.667.334

287.511

RETURN

Return on Sales

%

-15,16

5,80

-95,31

1,05

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

%

n.c.

n.c.

n.c.

4,27

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

%

n.c.

n.c.

n.c.

12,29

Return on Investment ( R.O.I. )

%

-1,72

0,48

-19,39

3,65

Return/ Sales

%

-15,28

9,73

-90,67

1,79

Extra Management revenues/charges incid.

%

n.c.

59,63

n.c.

16,16

Cash Flow

Value

-52.145

8.830

-619.328

79.209

Operating Profit

Value

-52.570

14.808

-589.173

135.466

Gross Operating Margin

Value

-52.570

14.808

-558.363

223.889

MANAGEMENT

Credits to clients average term

Days

n.c.

n.c.

n.c.

36,19

Debts to suppliers average term

Days

n.c.

n.c.

n.c.

53,62

Average stock waiting period

Days

637,41

2288,86

623,64

73,44

Rate of capital employed return ( Turnover )

Units

0,11

0,05

0,21

2,17

Rate of stock return

Units

0,56

0,16

0,58

5,92

Labour cost incidence

%

n.c.

n.c.

19,59

4,85

Net financial revenues/ charges incidence

%

0,12

-3,44

-14,24

-1,05

Labour cost on purchasing expenses

%

n.c.

n.c.

9,81

6,18

Short-term financing charges

%

n.c.

0,09

1,52

3,73

Capital on hand

%

890,74

2011,08

467,65

59,19

Sales pro employee

Value

216.610

746.539

Labour cost pro employee

Value

42.434

30.390

 

 

Market / Territory Data

 

Population living in the province

:

831.356

Population living in the region

:

4.699.950

Number of families in the region

:

1.813.210

 

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

 

- per food products

:

456

- per non food products

:

2.052

- per energy consume

:

127

Sector Data

 

The values are calculated on a base of 146 significant companies.

 

The companies cash their credits on an average of 36 dd.

The average duration of suppliers debts is about 54 dd.

The sector's profitability is on an average of 1,05%.

The labour cost affects the turnover in the measure of 4,85%.

Goods are held in stock in a range of 73 dd.

The difference between the sales volume and the resources used to realize it is about 2,17.

The employees costs represent the 6,18% 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 68.08

UK Pound

1

INR 91.40

Euro

1

INR 79.92

Euro

1

INR 80.06

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

DNS

 

 

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.