MIRA
INFORM REPORT
|
Report Date : |
11.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
Loris Bellini Spa |
|
|
|
|
Registered Office : |
Via Undici Febbraio,0026 20021-bollate(MI) |
|
|
|
|
Country : |
IT |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and Installation of Textile machines and their
accessories. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Clear |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Good |
Name and address
|
Loris Bellini Spa |
|
Via |
Undici Febbraio, |
0026 |
|
20021 |
- Bollate |
(MI) |
-IT- |
SUMMARY
|
Fiscal Code |
: |
00695610154 |
|
Legal Form |
: |
Joint stock company |
|
Foundation Date |
: |
01/01/1949 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
15.500.000/18.000.000 Eur |
|
Number of Employees |
: |
From 16 to 25 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
645.100 - Eur |
|
Score |
: |
Risk low |
|
Creditworthness Rate |
: |
(Excellent) |
|
|
|
Financial/patrimonial analysis very good - Credit with very low 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
Manufacturing and installation of textile machines and their accessories.
LEGAL DATA
Legal Form : Joint stock company
|
Fiscal Code : 00695610154 |
|
Foreign Trade Reg. no. : 89512 of Milano since 08/01/1992 |
|
Chamber of Commerce no. : 390505 of Milano since 12/12/1949 |
|
Chamber of Commerce no. : 158881 of Mantova |
|
Firms' Register : MI146-69032 since 19/02/1996 |
|
V.A.T. Code : 00695610154 |
|
Court : 69032 of Milano |
|
Foundation Date |
: 01/01/1949 |
|
|
Establishment Date |
: 17/11/1949 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.956.000 |
Eur |
|
Subscribed Capital |
: 876.000 |
Eur |
|
Paid up Capital |
: 876.000 |
Eur |
MEMBERS
|
Bellini |
Roberto |
|
Born in Bollate |
(MI) |
on 19/10/1952 |
- Fiscal Code : BLLRRT52R19A940A |
|
Residence : |
Via |
Monte Sabotino |
, 0003 |
- 20021 |
Bollate |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2004 |
|
|
|
Board Chairman |
29/06/2004 |
|
|
No Protests registered.
|
Bellini |
Giovanni |
|
Born in Garbagnate Milanese |
(MI) |
on 23/11/1943 |
- Fiscal Code : BLLGNN43S23A940J |
|
Residence : |
Via |
Gavinana |
, 35 |
- 20024 |
Garbagnate Milanese |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2004 |
|
|
No Protests registered.
|
Vecchia |
Gianmarco |
|
Born in Asola |
(MN) |
on 20/01/1968 |
- Fiscal Code : VCCGMR68A20A470Y |
|
Residence : |
Via |
Pasubio |
, 14 |
- 46041 |
Asola |
(MN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
10/12/2004 |
|
|
No Protests registered.
|
Vitale |
Lorenzo |
|
Born in Genova |
(GE) |
on 20/04/1939 |
- Fiscal Code : VTLLNZ39D20D969K |
|
Residence : |
Via |
Pagano Mario |
, 51 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2004 |
|
|
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.
|
BELLINI |
|
|
VECCHIA |
|
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 |
|
S.r.l. C.i.t.a.c. Costruzioni Inox Per TIntura, Asciugamento E Candeggio |
Casalromano - IT - |
00208060202 |
324.000 .Eur |
33,33 |
|
Loris Bellini Spa |
Bollate - IT - |
00695610154 |
96.000 .Eur |
9,87 |
|
Bellini Roberto |
Bollate - IT - |
BLLRRT52R19A940A |
204.000 .Eur |
20,98 |
|
Bellini Giovanni |
Garbagnate Milanese - IT - |
BLLGNN43S23A940J |
102.000 .Eur |
10,49 |
|
DE CESARE SILVANA |
Bollate - IT - |
DCSSVN51A42A794R |
72.000 .Eur |
7,40 |
|
FORMENTINI LUCA |
Bollate - IT - |
FRMLCU79L30A940O |
72.000 .Eur |
7,40 |
|
Bellini Davide Maria |
|
BLLDDM72S12F205T |
102.000 .Eur |
10,49 |
|
Bellini Alberto |
|
BLLLRT80E31A940G |
102.000 .Eur |
10,49 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
|
Loris Bellini Spa |
Bollate - IT - |
00695610154 |
96.000 .Eur |
9,87 |
|
Loris Bellini Servizi S.R.L. |
Bollate - IT - |
07844970157 |
9.761 .Eur |
90,00 |
STRUCTURE AND COMPANY
ACTIVITY
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Undici Febbraio |
, 0026 |
- 20021 - |
Bollate |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 02/3505901 |
|
|
|
|
Employees |
: 22 |
|
|
|
|
Assistants |
: 1 |
|
|
|
|
Fittings and Equipment |
for a value of 79.000 |
Eur |
|
|
|
|
Stocks |
for a value of 1.612.500 |
Eur |
|
|
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 :
|
- importers |
|
- its own sales net-work |
|
- its own agents |
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Austria |
|
- Francia |
|
- Irlanda |
|
- Rep.di Guinea |
HISTORICAL
INFORMATION AND/OR FIRM'S STATUS
|
Changes to the legal form |
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
|
|
Company Style modifications |
|
Former Style |
New Style |
Changement Date |
|
Loris Bellini e C. Srl |
Loris Bellini SpA |
20/12/1995 |
|
Ex-Members / Ex-Positions |
|
Bellini |
Roberto |
|
Born in Bollate |
on 19/10/1952 |
- Fiscal Code : BLLRRT52R19A940A |
|
Residence : |
Via |
Monte Sabotino |
, 0003 |
- 20021 |
Bollate |
(MI) |
- IT - |
|
Position |
|
Sole Director |
|
Goldoni |
Roberta |
|
Born in Milano |
on 19/09/1951 |
- Fiscal Code : GLDRRT51P59F205N |
|
Residence : |
Via |
Gozzi Gaspare |
, 8 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Gallizia |
Pietro |
|
Born in Casatenovo |
on 15/03/1945 |
- Fiscal Code : GLLPTR45C15B943M |
|
Residence : |
Via |
Bianca Di Savoia |
, 17 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Supervisory Board Chairman |
|
COLOMBO |
GIAN LUCA |
|
Born in MILANO |
on 06/08/1968 |
- Fiscal Code : CLMGLC68M06F205V |
|
Residence : |
Via |
BOLOGNA |
, 2/4 |
- 20051 |
Limbiate |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Former seats |
|
- |
Branch |
|
since 20/05/1985 |
until 31/12/1995 |
|
|
|
|
|
Via |
DE GASPERI |
- 46040 |
- CASALROMANO |
(MN) |
- IT - |
|
. |
|
The firm absorved |
|
Loris Bellini Servizi S.R.L. |
|
Via |
XI FEBBRAIO |
, 0026 |
, 20021 |
, Bollate |
(MI) |
- IT - |
|
Fiscal Code: 07844970157 |
|
Date |
: |
12/02/2001 |
|
The firm absorbed by merging of |
|
Loris Bellini Servizi S.R.L. |
|
Via |
XI FEBBRAIO |
, 0026 |
, 20021 |
, Bollate |
(MI) |
- IT - |
|
Fiscal Code: 07844970157 |
|
Date |
: |
12/02/2001 |
|
Project of merging by taking over of |
|
Loris Bellini Servizi S.R.L. |
|
Via |
XI FEBBRAIO |
, 0026 |
, 20021 |
, Bollate |
(MI) |
- IT - |
|
Fiscal Code: 07844970157 |
|
Date |
Merging/Splitting-up Project : |
30/05/2000 |
PAYMENTS ANALYSIS
The average term of debts to suplliers is normal compared with that
of the sector.
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 POPOLARE DI VERONA E NOVARA |
Agenzia di Milano |
|
|
|
|
|
IMMOVABLES
No specific (mortgage/cadastrial registrations) inspections have been requested.
|
Immovable Type |
Value |
|
Real estates |
67.139 .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 1949 Under an economic point of view, profits were registered during the last years with a r.o.e. of 2,81% in 2005 with an increase in 2005 (+54,45%).
The operating result was positive in the last financial year (2,17%) falling within the field's average.
Very good financial situation: shareholder's equity covers short-terms debts with an indebtedness level equal to 0,38
The financial exposure is moderate, on the other hand the recourse to commercial credit is high, with a high average payment period even if it still falls within the sector's average. Liquidity is however good.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
16.345.024 |
filed balance sheet |
|
Profit (Loss) for the period |
252.576 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
10.582.076 |
filed balance sheet |
|
Profit (Loss) for the period |
59.476 |
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 ) |
|
|
506.188 |
120.745 |
|
. Intangible assets |
|
|
27.471 |
41.008 |
|
. Tangible fixed assets |
|
|
78.997 |
79.737 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
78.997 |
79.737 |
|
. Long-term Investments |
|
|
399.720 |
|
|
. . Financial loans |
|
|
|
|
|
. . Own shares |
|
|
399.720 |
|
|
CURRENT ASSETS |
|
|
18.407.247 |
14.457.360 |
|
. Stock |
|
|
1.612.343 |
1.973.643 |
|
. Credits |
|
|
10.671.202 |
3.466.462 |
|
. . Credits to clients |
|
|
9.649.484 |
2.334.497 |
|
. . Other credits |
|
|
1.021.718 |
1.131.965 |
|
. Short-term financial assets |
|
|
204.974 |
203.228 |
|
. Liquid assets |
|
|
5.918.728 |
8.814.027 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
19.122 |
22.820 |
|
TOTAL ASSETS |
|
|
18.932.557 |
14.600.925 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
8.958.352 |
8.705.775 |
|
. Company's capital |
|
|
972.000 |
972.000 |
|
. Reserves |
|
|
2.863.177 |
2.863.176 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
4.870.599 |
4.811.123 |
|
. Profit (loss) |
|
|
252.576 |
59.476 |
|
PROVISION CHARGES ACCOUNTS |
|
|
51.606 |
48.435 |
|
STAFF TERM INDEMNITY |
|
|
567.871 |
530.432 |
|
DEBTS |
|
|
9.327.907 |
5.292.050 |
|
. Financial M/L terms |
|
|
|
|
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
978.427 |
978.427 |
|
. . Financial short-term banks |
|
|
|
|
|
. . Financial short-term bonds |
|
|
929.622 |
929.622 |
|
. . Other financial short-term debts |
|
|
48.805 |
48.805 |
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
6.767.075 |
3.758.168 |
|
. Sundry M/L debts |
|
|
|
38.797 |
|
. Sundry short-term debts |
|
|
1.582.405 |
516.658 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
26.821 |
24.233 |
|
TOTAL LIABILITIES |
|
|
18.932.557 |
14.600.925 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
15.998.323 |
11.432.872 |
|
. Revenues from sales/services |
|
|
16.345.024 |
10.582.076 |
|
. Change of stock (products) |
|
|
-383.711 |
770.532 |
|
OPERATING EXPENSES |
|
|
15.587.029 |
11.419.878 |
|
. Purchasing expenses |
|
|
3.964.225 |
2.902.277 |
|
. Change of stock (raw material) |
|
|
-22.410 |
24.857 |
|
. Expenses from services |
|
|
10.418.776 |
7.263.013 |
|
. Expenses from leasing |
|
|
50.523 |
70.899 |
|
. General expenses/sundry charges |
|
|
13.161 |
10.367 |
|
. Staff expenses |
|
|
1.040.512 |
1.049.416 |
|
. Depreciation/Devaluation costs |
|
|
122.242 |
99.049 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
132.848 |
165.236 |
|
. Financial charges |
|
|
-26.839 |
-250.748 |
|
. Financial revenues |
|
|
159.687 |
415.984 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-32.965 |
25.437 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
511.177 |
203.667 |
|
TAX |
|
|
258.601 |
144.191 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
252.576 |
59.476 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2005 |
as at 31/12/2004 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
18,81 |
76,81 |
1,87 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
0,38 |
n.c. |
2,44 |
|
Current ratio |
Units |
=> 1 |
l |
1,97 |
2,75 |
1,31 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
1,80 |
2,37 |
0,90 |
|
Return on Sales |
% |
|
l |
2,29 |
1,49 |
1,98 |
|
Average stock waiting period |
dd |
|
l |
35,49 |
67,14 |
80,33 |
|
Credits to clients average term |
dd |
|
l |
212,50 |
79,41 |
125,20 |
|
Debts to suppliers average term |
dd |
|
l |
168,76 |
132,15 |
150,00 |
|
Net financial revenues/ charges incidence |
% |
|
l |
0,81 |
1,56 |
- 1,10 |
|
Labour cost incidence |
% |
|
l |
6,36 |
9,91 |
24,69 |
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.
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 |
|
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)