Corporate Credit Rating 2025 for SPOTLIGHT IMPORT EXPORT SRL: B1- (Downgrade)

modefinance published the Solicited Corporate Credit Rating of SPOTLIGHT IMPORT EXPORT S.R.L. on the website and the rating assigned to the entity is B1- (Downgrade). The analysis revealed that the Company expresses an adequate economic and financial situation, capable of facing adverse economic conditions in the medium and long term.

The Company was established in 2002 as an advertising agency specialized in integrated communication, social media marketing, and the production of content and videos for the advertising sector. Since 2020, with the entry of Mr. Giuseppe Napoletano as the sole shareholder, the Company has diversified its activities to seize new business opportunities in the construction, sale, and leasing of billboards, as well as in the import and export of materials for the outdoor advertising and printing sector. As a result, the Company’s name was changed from "Spot Light Advertising" to "Spot Light Import Export S.r.l." 

SPOTLIGHT IMPORT EXPORT S.R.L. confirms a sound economic and financial situation. Solvency ratios show an increase due to the incurrence of new financial debt. The Company’s financial balance remains stable, and its profitability profile is adequate.

The Company is wholly owned by a single shareholder, Mr. Giuseppe Napoletano, who also serves as director together with Mr. Aldo Esposito. In 2024, the Company appointed a statutory auditor and currently holds no equity interests in other firms. According to management’s 2023 business plan, the strategic plan envisaged significant investments starting in 2024; however, the Company has not provided information regarding their implementation.

Compared to its peer group, the Company is positioned above the median in terms of size, solvency, and profitability. The peer group recorded an improvement in solvency indicators during the period under review, showing a balanced capital structure between equity and debt. The liquidity profile appears fully adequate, reflecting a sound financial position. Finally, profitability remains solid in terms of both return on invested capital and risk profile.

Regarding Italy’s macroeconomic context, modest growth is also expected in 2025 due to the persistence of global macroeconomic and geopolitical uncertainty.

The present Corporate Credit rating is issued by modefinance under EU Regulation 1060/2009 and following amendments.

The present rating is solicited and is based on both private and public information. The rated entity and/or related third parties have provided all private information used. Modefinance had access to some accounts and other relevant internal documents of the rated entity and/or related third parties. Solicited and unsolicited ratings issued by modefinance are of comparable quality, as the solicitation status has no effect on methodologies used. More comprehensive information on modefinance Corporate Credit Ratings are available at http://cra.modefinance.com/en

The present Corporate Credit Rating is issued on MORE Methodology 2.0 and Rating Methodology 1.0. A comprehensive description of both methodologies, as well as information on Modefinance Rating Scale and Mappings, is available at http://cra.modefinance.com/en/methodologies.

For information on historical default rates of modefinance Corporate Credit Ratings please refer to ESMA Central Repository and ESMA European Rating Platform.

modefinance refers to default as a company under bankruptcy, or under liquidation status, or under administration or for which missed payments on a financial obligation are officially recorded.

The quality of the information available on the rated entity and used to determine the present rating was judged by modefinance as satisfactory. Please note that modefinance does not perform any audit activity and is not in a position to guarantee the accuracy of any information used and/or reported in the present document. As such, modefinance can accept no liability whatsoever for actions taken based on any information that may subsequently prove to be incorrect.

The present credit rating was notified to the rated entity in order to identify potential factual errors, as prescribed by the CRA Regulation.

No amendments were applied after the notification process.

The rated entity is not a buyer of ancillary services provided by modefinance. modefinance ensures that such situation does not imply a conflict of interest in the issuance of the present credit rating.

The rating action issued by modefinance was performed independently. The analysts, members of the rating team involved in the process, modefinance Srl and its members and shareholders do not have any conflicts of interest in relation to the Rated Entity and/or Related Third Parties. If in the future a potential conflict of interest is identified in relation to the persons reported above, modefinance Ratings will provide the appropriate information and if necessary the rating will be withdrawn.

The present Credit Rating is an opinion of the general creditworthiness that modefinance issues on the rated entity, and should be relied upon to a limited degree. The issued rating is subject to an ongoing monitoring until withdrawal.

Head Analyst - Elisa Graffi, Rating Analyst
elisa.graffi@modefinance.com

Responsible for Rating Approval - Pinar Dilek, Rating Process Manager
pinar.dilek@modefinance.com