MIRA
INFORM REPORT
|
Report Date : |
14th
November, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
INDUSTRIA
MECCANICA 3P S. R. L. |
|
|
|
|
Registered Office : |
Via F. Baracca, 5, 36071
- Arzignano (VI) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
31/12/1971 |
|
|
|
|
Legal Form : |
Limited
liability company |
|
|
|
|
Line of Business : |
Manufacturing
of tanning machines and equipment. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
18.100 .Eur. |
|
|
|
|
Status : |
Poor |
|
|
|
|
Payment Behaviour : |
Unknown
|
|
|
|
|
Litigation : |
Clear |
Company name & Address
INDUSTRIA
MECCANICA 3P S.R.L.
Via F. Baracca, 5
36071 - Arzignano (VI) -IT-
SUMMARY
Fiscal Code : 00142440247
Legal Form : Limited liability company
Start of Activities : 01/07/1966
Patrimonial Consistence : 750.000 Eur
Turnover Range : 2.250.000/3.000.000 Eur
Number of Employees : from 26 to 35
CREDIT
ANALYSIS
CREDIT OPINION : 18.100 - Eur
Score : 2. Risk high
Creditworthness
Rate : 16%
(Scanty)
Modest financial and economic
aspect - Limited credit is suggested.
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
Manufacturing
of tanning machines and equipment.
LEGAL
DATA
Legal
Form : Limited liability company
Fiscal Code : 00142440247
Foreign Trade Reg. no. : 008768 of Vicenza since 09/12/1991
Foreign Trade Reg. no. : 912015 of Vicenza
Chamber of Commerce no. : 96800 of Vicenza since 05/09/1966
Firms' Register : VI116-5642 since
19/02/1996
Foundation Date : 01/07/1966
Establishment Date
: 31/12/1971
Start of Activities : 01/07/1966
Legal Duration Date
: 31/12/2050
Nominal Capital : 99.000 Eur
Subscribed Capital
: 99.000 Eur
Paid up Capital : 99.000 Eur
MEMBERS
PRETTO MARIO
Born in MONTECCHIO MAGGIORE on 22/11/1927 - Fiscal Code : PRTMRA27S22F464K
Residence : Via VENEZIA , 34 - 36071 Arzignano (VI) - IT -
Position Since Shares Amount % Ownership
Managing Director 27/02/2002
Director 27/02/2002
No
Protests registered.
PRETTO BRUNO
Born in MONTECCHIO MAGGIORE on 23/02/1929 - Fiscal Code : PRTBRN29B23F464E
Residence : Via F. BARACCA , 3 - 36071 Arzignano (VI) - IT -
Position Since Shares Amount % Ownership
Managing Director 27/02/2002
Director 27/02/2002
Board Chairman 27/02/2002
No
Protests registered.
PRETTO LORENZO
Born in ARZIGNANO on 11/11/1932 - Fiscal Code : PRTLNZ32S11A459R
Residence : Via BROLI , 1/4 - 36071 Arzignano (VI) - IT -
Position Since Shares Amount % Ownership
Director 27/02/2002
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.
Pretto Mario
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Firm Status |
|
CONCERIA
PASUBIO S.P.A. |
Arzignano
(VI) - IT - |
00165480245 |
Director
|
Registered |
|
PREMAFIN
S.A.S. DI PRETTO MARIO E C. |
Arzignano
VI - IT - |
00310690243 |
General
Partner |
Registered |
|
CONCIARIA
ARZIGNANESE DI PRETTO MARIO-PERETTI DOMENICO E C. S.A.SIN LIQUIDAZIONE |
- - |
00462010240 |
General
Partner |
Registered |
Pretto Bruno
Company Style Legal Seat Fiscal Code Position Firm Status
MECCANICHE BERTHA - S.R.L. Arzignano (VI) - IT - 01245680242 Vice-Chairman 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
Pretto Bruno PRTBRN29B23F464E 33.000 .Eur 33,33
Pretto Mario Arzignano - IT - PRTMRA27S22F464K 33.000 .Eur 33,33
Pretto Lorenzo Arzignano - IT - PRTLNZ32S11A459R 33.000 .Eur 33,33
DIRECT
PARTICIPATIONS
The
Company under review has no participations in other Companies.
STRUCTURE
AND COMPANY ACTIVITY
In order
to carry out its activities the firm uses the following locations:
- Registered office in :
Via F. Baracca , 5 - 36071 - Arzignano (VI) - IT -
PHONE : 0444/451822
- Operative seat since 26/09/1978 in :
Via Strada Arzignanese , 40 - 36077 - Montecchio Maggiore (VI) - IT -
PHONE : 0444/451822
Employees : 27
Assistants : 3
Fittings and Equipment for a
value of 18.500 Eur
Stocks for a value of 1.139.500 Eur
The firm
has a direct commercial organization
The
subject works in Italy and abroad
The firm
operates abroad as importer / exporter. .
To
purchase foreign products the firm uses the following channels :
- direct orders to foreign companies
Export
represents more than 50% of the global turnover.
Products
abroad are placed by :
- its own agents
- direct orders from foreign companies
Import
comes generally from the following nations:
- Francia
- Germania
Export
is mainly towards:
- Irlanda
- Islanda
- Guyana
- El Salvador
HISTORICAL
INFORMATION AND/OR FIRM'S STATUS
Changes to the legal form
Former legal form New legal form Changement Date
General partnership Limited liability company 27/02/2002
Ex-Members / Ex-Positions
Pretto Bruno
Born in MONTECCHIO MAGGIORE on 23/02/1929 - Fiscal Code : PRTBRN29B23F464E
Residence : Via F. BARACCA , 3 - 36071 Arzignano (VI) - IT -
Position
Partner
Partner
Pretto Mario
Born in Montecchio Maggiore on 22/11/1927 - Fiscal Code : PRTMRA27S22F464K
Residence : Via Venezia , 34 - 36071 Arzignano (VI) - IT -
Position
Partner
Partner
Pretto Lorenzo
Born in ARZIGNANO on 11/11/1932 - Fiscal Code : PRTLNZ32S11A459R
Residence : Via BROLI , 1/4 - 36071 Arzignano (VI) - IT -
Position
Partner
Partner
Pretto Mario
Born in Montecchio Maggiore on 22/11/1927 - Fiscal Code : PRTMRA27S22F464K
Fiscal residence : Via Venezia , 34 - 36071 Arzignano (VI) - IT -
Position
Director
PAYMENTS
ANALYSIS
The
average term of debts to suppliers is shorter than the sector one.
PAYMENTS
SCORE : ZZZZZ - 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 INTESA - RETE AMBROVENETO 3001 0
BANCA POPOLARE DI VICENZA 5728 0
IMMOVABLES
*
*No
specific (mortgage/cadastrial registrations) inspections have been requested.
Immovable Type Value
Real estates 1.165.018 .Eur
NB.: For
Capital Companies the value of the Immovables is the one reported in the last
available financial documents.
FINANCIAL
AND ECONOMICAL ANALYSIS
The company
is active since 1966
Under
the financial profile unstable results are noted. with a loss in the last
financial year. The turnover is falling if compared with the previous financial
year (EFAT1E%).
A loss
is registered as to the operating result (-4,99%).
The
ratio between shareholder's equity and borrowed capital is not well balanced,
the indebtedness level is equal to 5,2 increasing as against 2004.
Financial
debts as well as debts to suppliers are rather high but lower than the field
average.
Liquidity
is not excellent.
FINANCIAL
DATA
Complete balance-sheet for the
year as at 31/12/2005 (in Eur x 1 )
Item Type Amount Source
Sales 2.666.752 filed balance sheet
Profit (Loss) for the period -268.872 filed balance sheet
Complete balance-sheet for the
year as at 31/12/2004 (in Eur x 1 )
Item Type Amount Source
Sales 3.552.652 filed balance sheet
Profit (Loss) for the period 4.981 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 31/12/2005 -
Months 12 - Currency Eur - Amounts x 1
Balance Sheet as at 31/12/2004 -
Months 12 - Currency Eur - Amounts x 1
|
Years |
|
|
2005 |
2004 |
|
BALANCE
SHEET ACCOUNTS |
||||
|
ASSETS |
|
|
|
|
|
CREDITS
TO SHAREHOLDERS |
|
|
|
|
|
FIXED
ASSETS ( NET ) |
|
|
1.295.910 |
1.352.728 |
|
.
Intangible assets |
|
|
90.270 |
96.796 |
|
.
Tangible fixed assets |
|
|
1.197.323 |
1.247.615 |
|
. .
Land and buildings |
|
|
1.165.018 |
1.203.481 |
|
. .
Plants, Equipm.and Machinery |
|
|
18.477 |
26.889 |
|
.
Long-term Investments |
|
|
8.317 |
8.317 |
|
. .
Financial loans |
|
|
8.317 |
8.317 |
|
. .
Own shares |
|
|
|
|
|
CURRENT
ASSETS |
|
|
2.728.494 |
2.104.773 |
|
.
Stock |
|
|
1.139.532 |
964.220 |
|
.
Credits |
|
|
1.185.173 |
997.949 |
|
. .
Credits to clients |
|
|
956.026 |
841.670 |
|
. .
Other credits |
|
|
229.147 |
156.279 |
|
.
Short-term financial assets |
|
|
|
|
|
.
Liquid assets |
|
|
403.789 |
142.604 |
|
ACCRUED
INCOME-DEFERR. ASSETS |
|
|
1.283 |
24.222 |
|
.
TOTAL ASSETS |
|
|
4.025.687 |
3.481.723 |
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET
WORTH |
|
|
513.011 |
799.461 |
|
.
Company's capital |
|
|
99.000 |
99.000 |
|
.
Reserves |
|
|
682.883 |
695.480 |
|
.
Reserves company's own shares |
|
|
|
|
|
.
Retained profits (losses) |
|
|
|
|
|
.
Profit (loss) |
|
|
-268.872 |
4.981 |
|
PROVISION
CHARGES ACCOUNTS |
|
|
3.840 |
|
|
STAFF
TERM INDEMNITY |
|
|
252.459 |
415.908 |
|
DEBTS |
|
|
3.256.377 |
2.265.712 |
|
.
Financial M/L terms |
|
|
180.760 |
180.760 |
|
. .
Financial M/L term banks |
|
|
|
|
|
. .
Financial M/L bonds |
|
|
|
|
|
. .
Other financial M/L debts |
|
|
180.760 |
180.760 |
|
.
Financial short-term debts |
|
|
2.112.745 |
1.015.890 |
|
. .
Financial short-term banks |
|
|
2.112.745 |
1.015.890 |
|
. .
Financial short-term bonds |
|
|
|
|
|
. .
Other financial short-term debts |
|
|
|
|
|
. M/L
term debts to suppliers |
|
|
|
|
|
.
Short-term debts to suppliers |
|
|
648.796 |
816.680 |
|
.
Sundry M/L debts |
|
|
|
|
|
.
Sundry short-term debts |
|
|
314.076 |
252.382 |
|
ACCRUED
COSTS DEFERR. LIABILITIES |
|
|
|
642 |
|
TOTAL
LIABILITIES |
|
|
4.025.687 |
3.481.723 |
PROFIT AND LOSS ACCOUNTS
|
OUTPUT
VALUE |
|
|
3.197.907 |
3.573.761 |
|
.
Revenues from sales/services |
|
|
2.666.752 |
3.552.652 |
|
.
Change of stock (products) |
|
|
414.908 |
-115.663 |
|
OPERATING
EXPENSES |
|
|
3.398.905 |
3.399.147 |
|
.
Purchasing expenses |
|
|
1.539.236 |
1.733.263 |
|
.
Change of stock (raw material) |
|
|
239.596 |
-131.250 |
|
.
Expenses from services |
|
|
658.686 |
772.565 |
|
.
Expenses from leasing |
|
|
|
|
|
.
General expenses/sundry charges |
|
|
26.330 |
22.593 |
|
.
Staff expenses |
|
|
860.202 |
915.094 |
|
.
Depreciation/Devaluation costs |
|
|
74.855 |
86.882 |
|
FINANCIAL
REVENUES (CHARGES) |
|
|
-30.706 |
-74.935 |
|
.
Financial charges |
|
|
-36.138 |
-80.604 |
|
.
Financial revenues |
|
|
5.432 |
5.669 |
|
FINANCIAL
ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY
FINANCIAL REVENUES (CHARGES) |
|
|
|
|
|
PROFIT
(LOSS) FOR THE PERIOD |
|
|
-231.704 |
99.679 |
|
TAX |
|
|
37.168 |
94.698 |
|
CORRECT./ALLOCAT.
FISCAL RULE |
|
|
|
|
|
NET
PROFIT (LOSS) |
|
|
-268.872 |
4.981 |
Ratios
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2005 |
as at 31/12/2004 |
Sector Average |
|
Fixed
assets ratio |
Units |
=>
1 |
l |
0,73 |
1,03 |
2,05 |
|
Net
Short-term indebtedness |
Units |
- 1 |
l |
5,20 |
2,42 |
2,80 |
|
Current
ratio |
Units |
=>
1 |
l |
0,88 |
1,00 |
1,32 |
|
Acid
Test Ratio-Liquidity Ratio |
Units' |
=>
1 |
l |
0,51 |
0,54 |
0,91 |
|
Return
on Sales |
% |
|
l |
- 7,27 |
2,58 |
2,93 |
|
Average
stock waiting period |
dd |
|
l |
153,82 |
97,70 |
70,61 |
|
Credits
to clients average term |
dd |
|
l |
129,02 |
85,28 |
126,05 |
|
Debts
to suppliers average term |
dd |
|
l |
106,23 |
117,32 |
160,00 |
|
Net
financial revenues/ charges incidence |
% |
|
l |
- 1,15 |
- 2,10 |
- 1,19 |
|
Labour
cost incidence |
% |
|
l |
32,25 |
25,75 |
20,98 |
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.
Classification
of companies in the same sector by risk score :
Score Risk level % Firms
1 very high 4%
2 high 0 %
3 slightly high 14%
4 normal 23%
5 low 59%
The
company under review falls within the range of high risk.
RELIABILITY
SCORE
Considering
also subject's structural and behavioural characteristics its credit margin
rate (from 0 to 100%) is equal to 16%, in respect of a sector average of 53%.
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:
18.100 .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.
SOURCES
- Our
historical data
- Public
Administration
-
Reporters
-
Newspapers
- Users
-
Statistics Bodies
-
Financial Project Editions
N.B.:
Data from the Public Administration present in the report are updated since the
last available edition.
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 479 significant companies.
The
companies cash their credits on an average of 126 dd.
The
average duration of suppliers debts is about 160 dd.
The sector's
profitability is on an average of 2,93%.
The
labour cost affects the turnover in the measure of 20,98%.
Goods
are held in stock in a range of 70 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,12.
The
employees costs represent the 20,96% of the production costs.
STATISTICAL
DETRIMENTAL DATA
Statistically
the trade activity passes through serious crises.
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.
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|