MIRA
INFORM REPORT
|
Report Date : |
22nd
June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
METECNO INDUSTRIE S.P.A. |
|
|
|
|
Registered Office : |
Piazza Sannazzaro, 199/C
80100 – Napoli (NA) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31/12/2004 |
|
|
|
|
Date of Incorporation : |
22/03/1991 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
|
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Clear |
NAME & ADDRESS
METECNO INDUSTRIE S.P.A.
Piazza Sannazzaro, 199/C
80100 – Napoli (NA) -IT-
SUMMARY
|
Fiscal Code |
: |
00911410629 |
|
Legal Form |
: |
Joint stock company |
|
Foundation Date |
: |
22/03/1991 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
100.000.000/150.000.000 Eur |
|
Number of Employees |
: |
from
201 to 250 |
CREDIT ANALYSIS
|
|
|
Under the financial aspect a certain
balance is reported which leads |
|
|
|
to a credit with a very limited risk. |
|
|
|
n.b.: The Creditworthness Rate shows, in
percentage, the ratio between the suggested credit opinion and the credit
amount that the firm could get if the financial situation would be completely
positive. |
ACTIVITY
Production
of ceiling panels.
Manufacture
of receivers, headers and sun panels for thermic use.
LEGAL DATA
Legal
Form : Joint stock company
|
Fiscal Code : 00911410629 |
|
Foreign Trade Reg. no. : 031453 of Napoli
since 29/06/1999 |
|
Chamber of Commerce no. : 116203 of
Avellino |
|
Chamber of Commerce no. : 1623736 of
Milano |
|
Chamber of Commerce no. : 581480 of
Napoli since 27/02/1997 |
|
Chamber of Commerce no. : 77566 of
Pordenone |
|
Chamber of Commerce no. : 914734 of Roma |
|
Chamber of Commerce no. : 972648 of
Torino |
|
Firms' Register : AV-1996-76845 |
|
Firms' Register : NA-1997-272765 since
05/03/1997 |
|
V.A.T. Code : 01999110644 |
|
Foundation Date |
: 22/03/1991 |
|
|
Establishment Date |
: 22/03/1991 |
|
|
Legal Duration Date |
: 31/12/2100 |
|
|
Nominal Capital |
:
10.864.000 |
Eur |
|
Subscribed Capital |
:
10.864.000 |
Eur |
|
Paid up Capital |
:
10.864.000 |
Eur |
MEMBERS
|
Forte |
Amedeo |
|
Born in CATANIA |
on 03/03/1953 |
- Fiscal Code : FRTMDA53C03C351B |
|
Residence : |
Via |
MELEGARI |
, 10/A |
- 16100 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
23/12/2002 |
|
|
No
Protests registered.
|
Pianta |
Maria Pierina |
|
Born in CASALBUTTANO ED UNITI |
on 10/12/1950 |
- Fiscal Code : PNTMPR50T50B869M |
|
Residence : |
Viale |
RISOGIMENTO |
, 41 |
- 20090 |
Pantigliate |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
08/10/2001 |
|
|
No
Protests registered.
|
Minoli |
Marco |
|
Born in MILANO |
on 24/08/1953 |
- Fiscal Code : MNLMRC53M24F205V |
|
Residence : |
Via |
IV NOVEMBRE |
, 52/A |
- 20050 |
Ronco Briantino |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
08/10/2001 |
|
|
No
Protests registered.
|
Bracone |
Alessandro |
|
Born in BERGAMO |
on 20/06/1948 |
- Fiscal Code : BRCLSN48H20A794A |
|
Residence : |
Via |
E. TRAVERSO |
, 5/8 |
- 16100 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
08/10/2001 |
|
|
No
Protests registered.
|
Mammarella |
Antonio |
|
Born in FOGGIA |
on 16/06/1957 |
- Fiscal Code : MMMNTN57H16D643O |
|
Residence : |
Via |
PRIMO MAGGIO |
, 29 |
- 57025 |
Piombino |
(LI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
03/02/2003 |
|
|
|
General Director |
29/03/2002 |
|
|
No
Protests registered.
|
Defendenti |
Silvana |
|
Born in COMAZZO |
on 05/10/1951 |
- Fiscal Code : DFNSVN51R45C917X |
|
Residence : |
Via |
XXV APRILE |
, 13 |
- 20060 |
Liscate |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
08/10/2001 |
|
|
No
Protests registered.
|
Erba |
Luigi |
|
Born in VEDANO AL LAMBRO |
on 08/12/1946 |
- Fiscal Code : RBELGU46T08L704T |
|
Residence : |
Via |
CADUTI DEL LAVORO |
, 1 |
- 20067 |
Paullo |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
08/10/2001 |
|
|
No
Protests registered.
|
Ambrosino |
Domenico |
|
Born in NAPOLI |
on 17/11/1970 |
- Fiscal Code : MBRDNC70S17F839R |
|
Residence : |
Via |
SALETTE |
, 15 |
- 80079 |
Procida |
(NA) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
10/07/2002 |
|
|
No
Protests registered.
|
Delbosco |
Pier Paolo |
|
Born in RACCONIGI |
on 13/12/1949 |
- Fiscal Code : DLBPPL49T13H150W |
|
Residence : |
Via |
S.MARIA |
, 57 |
- 12035 |
Racconigi |
(CN) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
08/10/2001 |
|
|
No
Protests registered.
|
MAROTTA |
GIOVANNI |
|
Born in ROCCAGLORIOSA |
on 19/07/1945 |
- Fiscal Code : MRTGNN45L19H412U |
|
Residence : |
Via |
A. MANZONI |
, 147 |
- 80100 |
Napoli |
(NA) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Board Chairman |
03/02/2003 |
|
|
No
Protests registered.
|
TORAZZI |
GIANPAOLO |
|
Born in MILANO |
on 02/07/1965 |
- Fiscal Code : TRZGPL65L02F205W |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
04/09/2002 |
|
|
No
Protests registered.
|
CAFFI |
GIANRICCARDO |
|
Born in ROZZANO |
on 09/03/1965 |
- Fiscal Code : CFFGRC65C09H623M |
|
Residence : |
Via |
GESU' |
, 18 |
- 20090 |
Opera |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
08/10/2001 |
|
|
No
Protests registered.
|
DE PONTI |
ETTORE |
|
Born in CERNUSCO SUL NAVIGLIO |
on 04/11/1942 |
- Fiscal Code : DPNTTR42S04C523S |
|
Residence : |
Via |
G. DI VITTORIO |
, 3 |
- 20090 |
Pantigliate |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
08/10/2001 |
|
|
No
Protests registered.
|
KOZIK |
ALESSANDRO |
|
Born in MILANO |
on 16/08/1959 |
- Fiscal Code : KZKLSN59M16F205O |
|
Residence : |
Via |
CLESI |
, 3 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
08/10/2001 |
|
|
No
Protests registered.
|
ROMANO |
ALBERTO |
|
Born in ALBANO LAZIALE |
on 02/11/1959 |
- Fiscal Code : RMNLRT59S02A132V |
|
Residence : |
Via |
COLLE DEL NOCE LOTTO 1 |
- 83039 |
Pratola Serra |
(AV) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
10/07/2002 |
|
|
No
Protests registered.
|
DI FELICE |
CARLO |
|
Born in ROMA |
on 02/07/1953 |
- Fiscal Code : DFLCRL53L02H501E |
|
Residence : |
Via |
GOMENIZZA |
, 3 |
- 00100 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
10/07/2002 |
|
|
No
Protests registered.
|
MONACO |
FRANCESCO ARTURO |
|
Born in LECCE |
on 21/05/1954 |
- Fiscal Code : MNCFNC54E21E506T |
|
Residence : |
Via |
MELETO |
, 853 |
- 47835 |
Saludecio |
(RN) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Procurator |
10/07/2002 |
|
|
No
Protests registered.
|
CASTALDO |
ANDREA |
|
Born in NAPOLI |
on 23/02/1959 |
- Fiscal Code : CSTNDR59B23F839X |
|
Residence : |
Via |
GEN. ORSINI |
, 42 |
- 80100 |
Napoli |
(NA) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
23/12/2002 |
|
|
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 held positions.
|
MAROTTA |
GIOVANNI |
|
Company
Style |
Legal
Seat |
Fiscal
Code |
Position |
Firm
Status |
|
METECNO - SOCIETA' PER AZIONI |
Tribiano (MI) - IT - |
00771620150 |
Director |
Registered |
|
GENE.S.I.SOCIETA' GENERALE PER LA
GESTIONE DEI SERVIZI ALLE IMPRESE S.C.R.L. |
Napoli (NA) - IT - |
07108460630 |
Director |
Registered |
|
TOPANEL TRADING S.R.L. |
Napoli (NA) - IT - |
07525440637 |
Attorney with special power |
Ceased |
The
indication "REGISTERED" as Firm Status could refere to Firms in
Liquidation, Active, Inactive, etc.
For more
information, in this case, we advise to request further investigations.
CAPITAL SHAREHOLDERS
|
Style
/ Name |
Seat
/ Address |
Fiscal
Code |
Owned
Shares |
%
of Ownership |
|
METECNO - SOCIETA' PER AZIONI |
Tribiano - IT - |
00771620150 |
10.864.000
.Eur |
100,00
|
DIRECT PARTICIPATIONS
|
Company
Style |
Legal
Seat |
Fiscal
Code |
Owned
Shares |
%
of Ownership |
|
GENE.S.I.SOCIETA' GENERALE PER LA
GESTIONE DEI SERVIZI ALLE IMPRESE S.C.R.L. |
Napoli - IT - |
07108460630 |
4.161
.Eur |
16,27
|
STRUCTURE AND COMPANY ACTIVITY
In order
to carry out its activities the firm uses the following locations:
|
- |
Registered office |
since 10/04/1996 |
in : |
|
|
|
|
|
Piazza |
Sannazzaro |
, 199/C |
- 80100 - |
Napoli |
(NA) |
- IT - |
|
|
|
|
PHONE |
no. 081/8618145 |
|
- |
Branch |
(Factory ) |
since 14/07/1998 |
in : |
|
|
|
|
|
Via |
Terragneta ( Zona Ex Dalmine) |
, 90 |
- 80058 - |
Torre Annunziata |
(NA) |
- IT - |
|
|
|
|
PHONE |
no. 081/8625340 |
|
- |
Branch |
(Representative office ) |
since 01/03/1999 |
in : |
|
|
|
|
|
Via |
Catalani Alfredo |
, 31 |
- 00100 - |
Roma |
(RM) |
- IT - |
|
- |
Branch |
(Sales office ) |
since 24/03/2000 |
in : |
|
|
|
|
|
Via |
Cassino |
, 19 |
- 20067 - |
Tribiano |
(MI) |
- IT - |
|
- |
Branch |
(Factory ) |
since 12/02/2001 |
in : |
|
|
|
|
|
Via |
Nazario Sauro Loc. Toppo |
, 92 |
- 33090 - |
Travesio |
(PN) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 26/01/2002 |
in : |
|
|
|
|
|
Finca Farragut |
, km. 1+200 |
Ciudad De La Habana |
- CU - |
|
- |
Branch |
(Sales department ) |
since 01/12/2001 |
in : |
|
|
|
|
|
Piazza |
Giacomo Grosso |
, 2/5 |
- 10020 - |
Cambiano |
(TO) |
- IT - |
|
|
|
|
Employees |
:
206 |
|
|
|
|
Assistants |
: 4 |
|
|
|
|
Fittings and Equipment |
for
a value of 14.482.500 |
Eur |
|
|
|
|
Stocks |
for
a value of 8.508.000 |
Eur |
The firm
has a direct commercial organization
The
company sells in Italy and abroad.
|
|
HISTORICAL INFORMATION
|
Changes to the legal form |
|
Former
legal form |
New
legal form |
Changement
Date |
|
Limited liability company |
Joint stock company |
03/12/1996 |
|
Company Style modifications |
|
Former
Style |
New
Style |
Changement
Date |
|
Erregi S.r.l. |
|
03/12/1996 |
|
Erregi S.p.A. |
|
09/03/1999 |
|
Ex-Members / Ex-Positions |
|
Bucciarelli |
Antonio |
|
Born in COMO |
on 05/01/1937 |
- Fiscal Code : BCCNTN37A05C933E |
|
Residence : |
Via |
GIOBERTI |
, 5 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Chairman of the Board of Aud. |
|
Maraniello |
Filippo |
|
Born in NAPOLI |
on 17/07/1949 |
- Fiscal Code : MRNFPP49L17F839K |
|
Residence : |
Via |
ONOFRIO FRAGNITO |
, 80 |
- 80100 |
Napoli |
(NA) |
- IT - |
|
Position |
|
Director |
|
Assistant board Chairman |
|
Board Chairman |
|
Padula |
Giancarlo |
|
Born in NAPOLI |
on 30/04/1967 |
- Fiscal Code : PDLGCR67D30F839P |
|
Residence : |
Corso |
VITTORIO EMANUELE |
, 42 |
- 80100 |
Napoli |
(NA) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Del Vecchio |
Aldo |
|
Born in Baselice |
on 28/07/1941 |
- Fiscal Code : DLVLDA41L28A696Q |
|
Residence : |
Via |
Dei Mille |
, 16 |
- 80100 |
Napoli |
(NA) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Grossi |
Alberto Maria |
|
Born in MILANO |
on 25/08/1953 |
- Fiscal Code : GRSLRT53M25F205Y |
|
Residence : |
Viale |
BEATRICE D'ESTE |
, 22 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Pajardi |
Paolo Daniele |
|
Born in MILANO |
on 10/10/1967 |
- Fiscal Code : PJRPDN67R10F205G |
|
Residence : |
Corso |
ITALIA |
, 24 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Albini |
Fulvio |
|
Born in NAPOLI |
on 02/10/1940 |
- Fiscal Code : LBNFLV40R02F839V |
|
Residence : |
Via |
VITTOR PISANI |
, 8 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Director |
|
Giunta |
Giovanni |
|
Born in VITTORIA |
on 08/06/1939 |
- Fiscal Code : GNTGNN39H08M088R |
|
Residence : |
Via |
MONTEROSA |
, 1 |
- 21052 |
Busto Arsizio |
(VA) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Cardaci |
Guglielmo |
|
Born in NAPOLI |
on 05/08/1963 |
- Fiscal Code : CRDGLL63M05F839R |
|
Residence : |
Piazza |
SANNAZZARO |
, 199/C |
- 80100 |
Napoli |
(NA) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Morandi |
Maurizio Gino |
|
Born in DONGO |
on 22/02/1947 |
- Fiscal Code : MRNMZG47B22D341D |
|
Residence : |
Via |
LAMBRUSCHINI |
, 12 |
- 10100 |
Torino |
(TO) |
- IT - |
|
Position |
|
Director |
|
Assistant board Chairman |
|
Board Chairman |
|
MAROTTA |
GIOVANNI |
|
Born in ROCCAGLORIOSA |
on 19/07/1945 |
- Fiscal Code : MRTGNN45L19H412U |
|
Residence : |
Via |
A. MANZONI |
, 147 |
- 80100 |
Napoli |
(NA) |
- IT - |
|
Position |
|
Managing Director |
|
Managing Director |
|
Director |
|
Fevola |
Mario Lino |
|
Born in Milano |
on 27/02/1937 |
- Fiscal Code : FVLMLN37B27F205T |
|
Residence : |
Via |
S.Anatolone |
, 15 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Director |
|
Falzarano |
Giorgio |
|
Born in AIROLA |
on 01/01/1948 |
- Fiscal Code : FLZGRG48A01A110J |
|
Residence : |
VIA CARACCIANO |
, 16 |
- 82100 |
Benevento |
(BN) |
- IT - |
|
Position |
|
Sole Director |
|
Liquidator |
|
Buono |
Vincenzo |
|
Born in CASTELLAMMARE DI STABIA |
on 18/03/1958 |
- Fiscal Code : BNUVCN58C18C129J |
|
Residence : |
Via |
DON LUIGI RUSSO |
, 2 |
- 80054 |
Gragnano |
(NA) |
- IT - |
|
Position |
|
Procurator |
|
SCAMMACCA |
GIUSEPPE |
|
Born in FIRENZE |
on 04/12/1956 |
- Fiscal Code : SCMGPP56T04D612S |
|
Residence : |
Via |
DI PIETRA |
, 70 |
- 00100 |
Roma |
(RM) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Merged Companies |
|
The firm absorved |
|
TOPANEL TRADING S.R.L. |
|
, 80100 |
, Napoli |
(NA) |
- IT - |
|
Fiscal Code: 07525440637 |
|
Date |
: |
02/12/2004 |
|
The firm absorved |
|
PROMET ENGINEERING SPA |
|
Via |
SANREMO |
, 9 |
, 20100 |
, Milano |
(MI) |
- IT - |
|
Fiscal Code: 11466750152 |
|
Date |
: |
02/12/2004 |
|
The firm absorved |
|
PLASTEUROP ITALIA METECNO FRIGO
SYSTEMS S.R.L. |
|
Fiscal Code: 13219820159 |
|
Date |
: |
02/12/2004 |
|
The firm absorved |
|
CONTECNO S.R.L. |
|
Via |
PER CASSINO |
, 19 |
, 20067 |
, Tribiano |
(MI) |
- IT - |
|
Fiscal Code: 13458100156 |
|
Date |
: |
02/12/2004 |
PAYMENTS ANALYSIS
The
average term of debts to suplliers is normal compared with that of the sector.
PAYMENTS
SCORE : No insolvency
CREDIT REVOLVING
During
last Year, the subject of inquiry has not been monitored by our company.
PROTESTS
Protests
checking on the subject firm has given a negative result.
LEGAL PROCEDURES
None
reported, standing to the last received edition of the Official Publications.
BANKERS
|
Bank
Name |
Agency
Name |
Address |
ZIP
Code |
City |
ABI
Code |
CAB
Code |
|
BANCA POPOLARE FRIULADRIA |
Ag. di Pordenone. |
|
|
|
|
|
IMMOVABLES *
*No
specific (mortgage/cadastrial registrations) inspections have been requested.
|
Immovable
Type |
Value |
|
Real estates |
6.522.194
.Eur |
NB.: For
Capital Companies the value of the Immovables is the one reported in the last
available financial documents.
FINANCIAL AND ECONOMICAL ANALYSIS
Subject
is active since 1991
In 2004
the firm achieved a profit with a r.o.e. del 20,97%.
R.o.i.
is positive (3,14%). falling within the field's average.
The
analysis shows a fair financial position as the indebtedness volume is
acceptable (3,78)
Both
financial indebtedness and suppliers exposure are rather high but lined up with
the field's average.
The
available funds are good.
FINANCIAL DATA
|
Complete balance-sheet for the year as at
|
31/12/2004 |
(in Eur |
x 1 ) |
|
Item
Type |
Amount |
Source |
|
Sales |
100.826.282 |
filed balance sheet |
|
Profit (Loss) for the period |
3.459.601 |
filed balance sheet |
BALANCE SHEETS
From our
constant monitoring of the Public Administration, actually, no more recent
balance sheets result to be filed.
|
Balance
Sheet as at 31/12/2004 - Months 12 - Currency Eur - Amounts x 1 |
|
Year |
|
|
|
2004 |
|
|
BALANCE SHEET ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
|
22.348.317 |
|
. Intangible assets |
|
|
|
1.037.690 |
|
. Tangible fixed assets |
|
|
|
21.278.270 |
|
. . Land and buildings |
|
|
|
6.522.194 |
|
. . Plants, Equipm.and Machinery |
|
|
|
14.482.497 |
|
. Long-term Investments |
|
|
|
32.357 |
|
. . Financial loans |
|
|
|
32.357 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
|
69.607.374 |
|
. Stock |
|
|
|
8.507.796 |
|
. Credits |
|
|
|
60.238.088 |
|
. . Credits to clients |
|
|
|
49.976.613 |
|
. . Other credits |
|
|
|
10.261.475 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
|
861.490 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
|
8.859 |
|
TOTAL ASSETS |
|
|
|
91.964.550 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
|
16.495.931 |
|
. Company's capital |
|
|
|
10.864.000 |
|
. Reserves |
|
|
|
2.237.377 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
-65.047 |
|
. Profit (loss) |
|
|
|
3.459.601 |
|
PROVISION CHARGES ACCOUNTS |
|
|
|
3.723.347 |
|
STAFF TERM INDEMNITY |
|
|
|
2.151.854 |
|
DEBTS |
|
|
|
66.361.095 |
|
. Financial M/L terms |
|
|
|
3.052.000 |
|
. . Financial M/L term banks |
|
|
|
1.602.000 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
1.450.000 |
|
. Financial short-term debts |
|
|
|
28.724.389 |
|
. . Financial short-term banks |
|
|
|
27.865.772 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
858.617 |
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
|
29.294.256 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
|
5.290.450 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
|
3.232.323 |
|
TOTAL LIABILITIES |
|
|
|
91.964.550 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
|
103.719.977 |
|
. Revenues from sales/services |
|
|
|
100.826.282 |
|
. Change of stock (products) |
|
|
|
246.176 |
|
OPERATING EXPENSES |
|
|
|
100.826.700 |
|
. Purchasing expenses |
|
|
|
77.862.098 |
|
. Change of stock (raw material) |
|
|
|
-39.648 |
|
. Expenses from services |
|
|
|
11.440.179 |
|
. Expenses from leasing |
|
|
|
432.316 |
|
. General expenses/sundry charges |
|
|
|
620.389 |
|
. Staff expenses |
|
|
|
8.635.781 |
|
. Depreciation/Devaluation costs |
|
|
|
1.875.585 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
|
-1.901.161 |
|
. Financial charges |
|
|
|
-2.075.991 |
|
. Financial revenues |
|
|
|
174.830 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
|
3.225.521 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
|
4.217.637 |
|
TAX |
|
|
|
758.036 |
|
CORRECT./ALLOCAT.FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
|
3.459.601 |
|
RATIOS |
Item |
O.V. |
O.V. |
as
at 31/12/2004 |
Sector
Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
0,97 |
1,59 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
3,78 |
2,79 |
|
Current ratio |
Units |
=> 1 |
l |
1,09 |
1,19 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,96 |
0,78 |
|
Return on Sales |
% |
|
l |
5,29 |
4,31 |
|
Average stock waiting period |
dd |
|
l |
30,34 |
60,35 |
|
Credits to clients average term |
dd |
|
l |
178,41 |
143,28 |
|
Debts to suppliers average term |
dd |
|
l |
117,50 |
142,77 |
|
Net financial revenues/ charges incidence |
% |
|
l |
-
1,88 |
-
0,70 |
|
Labour cost incidence |
% |
|
l |
8,56 |
13,82 |
O.V.
= Optimal Value. When not present refer to the sector's.
A
coloured item indicates the opinion of the rate during the last financial year
(green=good;
orange=not optimal; red=insufficient; n.c.=not computable)
CREDIT OPINION DETERMINATION
The
credit opinion determination is divided into two phases :
1) Risk
analysis (Score).
2)
Reliability score identification.
RISK ANALYSIS (SCORE)
On the
base of precise indicators as "Activity sector", "Area",
"Firm's foundation", "Payment
analysis","Profitability", we analysed the companies included in
the same activity sector of subject company, classifying them by their own risk
score.
RELIABILITY SCORE
Considering
also subject's structural and behavioural characteristics its credit margin
rate (from 0 to 100%) is equal to 79%, in respect of a sector average of 47%.
CREDIT OPINION
On the
basis of the above mentioned, and the sales volume obtained, we deem that the
maximum exposure for short and medium term transactions ( 90 - 120 days ) could
be of:
824.800 .Eur.
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.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
3.092.859 |
|
Population living in the region |
: |
5.788.986 |
|
Number of families in the region |
: |
1.966.064 |
Monthly
family expences average in the region (in Eur.) :
|
- per food products |
: |
475 |
|
- per non food products |
: |
1.304 |
|
- per energy consume |
: |
79 |
SECTOR DATA
The
values are calculated on a base of 62 significant companies.
The
companies cash their credits on an average of 143 dd.
The
average duration of suppliers debts is about 142 dd.
The
sector's profitability is on an average of 4,31%.
The
labour cost affects the turnover in the measure of 13,82%.
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 0,99.
The
employees costs represent the 14,27% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistcally
the trade activity shows periods of crisis.
The area
is statistically considered remarkably risky.
In the
region 80.616 protested subjects are found; in the province they count to 41.815.
The
insolvency index for the region is 1,40, while for the province it is 1,36.
Total
Bankrupt companies in the province : 18.217.
Total
Bankrupt companies in the region : 28.514.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong) capability
for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |