MIRA
INFORM REPORT
|
Report Date : |
13.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
Borregaard Italia
S.p.a. |
|
|
|
|
Registered Office : |
Via Giosue' Carducci, 15 20100 - Milano (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
18/04/1995 |
|
|
|
|
Legal Form : |
Joint Stock company with sole shareholder |
|
|
|
|
Line of Business : |
Production of chemicals for industrial use. |
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 |
|
Maximum Credit Limit : |
855.800 - Eur |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Borregaard Italia S.p.a.
Via
Giosue' Carducci, 15
20100 - Milano (MI) -IT-
SUMMARY
|
Legal Form |
: |
Joint Stock company with sole shareholder |
|
Start of Activities |
: |
18/04/1995 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
25.000.000/35.000.000 Eur |
|
Number of Employees |
: |
from 71 to 90 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
855.800 - Eur |
ACTIVITY
Production of chemicals for industrial use.
LEGAL DATA
Legal Form : Joint Stock company with sole shareholder
|
Fiscal Code : 03902320823 |
|
Fiscal Code : 11310150153 |
|
Foreign Trade Reg. no. : MI227773 since 15/06/1995 |
|
Foreign Trade Reg. no. : 227773 of Milano since 15/06/1995 |
|
Chamber of Commerce no. : 285551 of Bergamo |
|
Chamber of Commerce no. : 1453240 of Milano since 12/10/1994 |
|
Chamber of Commerce no. : 134927 of Ravenna |
|
Firms' Register : MI146-347657 since 19/02/1996 |
|
V.A.T. Code : 11310150153 |
|
Court : 347656 of Milano since 20/07/1994 |
|
Foundation Date |
: 23/11/1990 |
|
|
Establishment Date |
: 23/11/1990 |
|
|
Start of Activities |
: 18/04/1995 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 2.000.000 |
Eur |
|
Subscribed Capital |
: 2.000.000 |
Eur |
|
Paid up Capital |
: 2.000.000 |
Eur |
MEMBERS
|
Filomeni |
Paolo |
|
Born in Anghiari |
(AR) |
on 07/10/1944 |
- Fiscal Code : FLMPLA44R07A291J |
|
Residence : |
Piazza |
Italia |
, 9 |
- 15011 |
Acqui Terme |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
02/05/2006 |
|
|
|
Managing Director |
02/05/2006 |
|
|
No Protests registered.
|
Menezes |
Antonio Jose' |
|
Born in Goa |
on 21/03/1948 |
- Fiscal Code : MNZNNJ48C21Z222B |
|
Residence : |
Via |
Martiri Della Liberta' |
, 49 |
- 20090 |
Segrate |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
28/10/1994 |
|
|
|
Director |
28/10/1994 |
|
|
No Protests registered.
|
Calderoni |
Carlo |
|
Born in Forli' |
(FO) |
on 19/08/1954 |
- Fiscal Code : CLDCRL54M19D704A |
|
Residence : |
Via |
G. Guidiccioni |
, 15 |
- 47100 |
Forli' |
(FO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
19/06/1995 |
|
|
No Protests registered.
|
Correale |
Mariano |
|
Born in Sarno |
(SA) |
on 25/08/1947 |
- Fiscal Code : CRRMRN47M25I438V |
|
Residence : |
Via |
Volta |
, 9 |
- 24040 |
Bonate Sotto |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2006 |
|
|
|
Director |
|
|
|
No Protests registered.
|
Brembilla |
Maria Rosa |
|
Born in Bergamo |
(BG) |
on 13/05/1951 |
- Fiscal Code : BRMMRS51E53A794N |
|
Residence : |
Via |
Dante |
, 20 |
- 24040 |
Bonate Sotto |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
02/12/1994 |
|
|
No Protests registered.
|
Locatelli |
Elianora |
|
Born in Terno d'Isola |
(BG) |
on 30/06/1954 |
- Fiscal Code : LCTLNR54H70L118L |
|
Residence : |
Via |
Castegnate |
, 5 |
- 24030 |
Terno d'Isola |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
02/12/1994 |
|
|
No Protests registered.
|
Grys |
Thomas |
|
Born in Roskilde |
on 21/08/1970 |
- Fiscal Code : GRYTMS70M21Z107I |
|
Residence : |
Hjalmer Wessels Vei |
, 10 |
Sarpsborg |
- NO - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2006 |
|
|
No Protests registered.
|
Borregaard Industries Ltd |
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
No Protests registered.
|
Amundsen |
Bjorn Erik |
|
Born in Bergen |
on 27/07/1964 |
- Fiscal Code : MNDBRN64L27Z125M |
|
Residence : |
Via |
Carso |
, 73 |
- 24040 |
Madone |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2006 |
|
|
|
Board Chairman |
29/06/2006 |
|
|
No Protests registered.
|
Wikeby |
Jarle |
|
Born in Rodenes |
on 12/03/1958 |
- Fiscal Code : WKBJRL58C12Z125C |
|
Residence : |
Carso |
, 73 |
- 24040 |
Madone |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/06/2006 |
|
|
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.
|
FILOMENI |
|
|
CALDERONI |
|
|
LOCATELLI |
|
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 |
|
Borregaard Industries Ltd |
|
|
|
100,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
|
EUROVANILLIN ITALIA S.R.L. |
Milano - IT - |
10211980155 |
|
|
|
RAVENNA SERVIZI INDUSTRIALI SOCIETA' CONSORTILE PER AZIONI O, IN FORMA
ABBREVIAT |
Ravenna - IT - |
02168860399 |
117.600 .Eur |
1,96 |
STRUCTURE AND COMPANY
ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Registered office |
since 06/11/1995 |
in : |
|
|
|
|
|
Via |
Giosue' Carducci |
, 15 |
- 20100 - |
Milano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 02/86451933 |
|
- |
Operative seat |
since 12/06/1995 |
in : |
|
|
|
|
|
Via |
Carso |
, 73 |
- 24040 - |
Madone |
(BG) |
- IT - |
|
|
|
|
PHONE |
: 035/4998111 |
|
- |
Branch |
(Factory ) |
since 16/06/1995 |
in : |
|
|
|
|
|
Via |
Baiona |
, 107 |
- 48100 - |
Ravenna |
(RA) |
- IT - |
|
|
|
|
Employees |
: 80 |
|
|
|
|
Fittings and Equipment |
for a value of
4.903.758 |
Eur |
|
|
|
|
Stocks |
for a value of
4.596.466 |
Eur |
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 |
06/11/1995 |
|
Company Style
modifications |
|
Former Style |
New Style |
Changement Date |
|
BORREGAARD ITALIA SRL |
Borregaard Italia S.p.A. |
06/11/1995 |
|
Ex-Members /
Ex-Positions |
|
Ullebo |
Egil M. |
|
Born in Vadheim |
on 09/07/1941 |
|
Position |
|
Chairman |
|
Syvertsen |
Jorn |
|
Born in Sapsborg |
on 22/01/1954 |
|
Position |
|
Managing Director |
|
Bassi |
Francesco |
|
Born in Solarolo |
on 05/12/1953 |
|
Residence : |
Via |
Codarondine |
, 18 |
- 48100 |
Ravenna |
(RA) |
- IT - |
|
Position |
|
Attorney with special power |
|
Procurator |
|
Director |
|
Correale |
Mariano |
|
Born in Sarno |
on 25/08/1947 |
|
Residence : |
Via |
Volta |
, 9 |
- 24040 |
Bonate Sotto |
(BG) |
- IT - |
|
Position |
|
Attorney with special power |
|
Procurator |
|
Director |
|
Bonaschi |
Ferdinando |
|
Born in Bergamo |
on 19/01/1944 |
|
Residence : |
Via |
Bach |
, 47 |
- 24100 |
Bergamo |
(BG) |
- IT - |
|
Position |
|
Procurator |
|
gattelli |
Graziano |
|
Born in Ravenna |
on 11/09/1942 |
|
Position |
|
Procurator |
|
Brembilla |
Maria Rosa |
|
Born in Bergamo |
on 13/05/1951 |
|
Residence : |
Via |
Dante |
, 20 |
- 24040 |
Bonate Sotto |
(BG) |
- IT - |
|
Position |
|
Procurator |
|
Locatelli |
Elianora |
|
Born in Terno D'Isola |
on 30/06/1954 |
|
Residence : |
Via |
Castegnate |
, 3 |
- 24030 |
Terno d'Isola |
(BG) |
- IT - |
|
Position |
|
Procurator |
|
Margotta |
Carmine Mario |
|
Born in Calitri |
on 11/10/1940 |
|
Residence : |
Via |
Jannozzi |
, 54 |
- 20097 |
San Donato Milanese |
(MI) |
- IT - |
|
Position |
|
Attorney with special power |
|
Neri |
Nerio Nereo |
|
Born in Ravenna |
on 05/08/1940 |
|
Residence : |
Via |
Mercatelli |
, 27 |
- 48100 |
Ravenna |
(RA) |
- IT - |
|
Position |
|
Procurator |
|
Calderoni |
Carlo |
|
Born in Forli' |
on 19/08/1954 |
|
Position |
|
Procurator |
|
Boioli |
Osvaldo |
|
Born in Cavacurta |
on 25/11/1944 |
- Fiscal Code : BLOSLD44S25C362D |
|
Residence : |
Piazza |
Iv Novembre |
, 13 |
- 20070 |
Cavacurta |
(LO) |
- IT - |
|
Position |
|
Managing Director |
|
Director |
|
Managing Director |
|
Emiliani |
Claudio |
|
Born in Ravenna |
on 11/01/1943 |
- Fiscal Code : MLNCLD43A11H199F |
|
Residence : |
Piazza |
Della Repubblica |
, 16 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Aiello |
Umberto |
|
Born in Napoli |
on 06/06/1964 |
- Fiscal Code : LLAMRT64H06F839Y |
|
Residence : |
Piazza |
Della Repubblica |
, 16 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Botos |
Gabriele |
|
Born in Alfonsine |
on 19/08/1956 |
- Fiscal Code : BTSGRL56M19A191U |
|
Residence : |
Piazza |
Della Repubblica |
, 16 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Papini |
Paola |
|
Born in Milano |
on 31/10/1958 |
- Fiscal Code : PPNPLA58R71D583U |
|
Residence : |
Piazza |
Circ.ne Piazza D'armi |
, 130 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Giannini |
Alessandro |
|
Born in FIRENZE |
on 10/08/1945 |
- Fiscal Code : GNNLSN45M10D612M |
|
Residence : |
Via |
FRIGNANI |
, 112 |
- 48100 |
Ravenna |
(RA) |
- IT - |
|
Position |
|
Procurator |
|
Manzoni |
Mario |
|
Born in Albona |
on 09/04/1940 |
- Fiscal Code : MNZMRA40D09A170P |
|
Residence : |
Piazza |
Della Repubblica |
, 16 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Papa |
Riccardo |
|
Born in Sant'Alberto Di Ravenna |
on 20/06/1938 |
- Fiscal Code : PPARCR38H20H199A |
|
Residence : |
Via |
Repubblica |
, 16 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Mancini |
Terzo |
|
Born in Ravenna |
on 03/06/1954 |
- Fiscal Code : MNCTRZ54H03H199K |
|
Residence : |
Via |
Ravegnana |
, 409 |
- 48100 |
Ravenna |
(RA) |
- IT - |
|
Position |
|
Procurator |
|
Magnani |
Marcello |
|
Born in Ravenna |
on 11/01/1961 |
- Fiscal Code : MGNMCL61A11H199X |
|
Residence : |
Via |
S. Lorenzo In Cesarea |
, 59 |
- 48100 |
Ravenna |
(RA) |
- IT - |
|
Position |
|
Procurator |
|
De Luca |
Luca |
|
Born in Ravenna |
on 20/08/1963 |
- Fiscal Code : DLCLCU63M20H199F |
|
Residence : |
Via |
Raffaell Bendandi |
, 3 |
- 48100 |
Ravenna |
(RA) |
- IT - |
|
Position |
|
Procurator |
|
Ruggiero |
Edoarda |
|
Born in Milano |
on 09/02/1964 |
- Fiscal Code : RGGDRD64B49F205G |
|
Residence : |
Via |
Rasponi |
, 52 |
- 48100 |
Ravenna |
(RA) |
- IT - |
|
Position |
|
Procurator |
|
Benini |
Andrea |
|
Born in BERRA |
on 18/05/1950 |
- Fiscal Code : BNNNDR50E18A806Q |
|
Residence : |
Via |
PAZZAGLIA OLINDO |
, 12 |
- 48100 |
Ravenna |
(RA) |
- IT - |
|
Position |
|
Procurator |
|
Tuhus |
Tore |
|
on 07/02/1945 |
- Fiscal Code : THSTRO45B07Z125P |
|
Residence : |
Via |
Carducci |
, 15 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Director |
|
Johansen |
Gisle Lohre |
|
on 26/06/1959 |
- Fiscal Code : JHNGLL59H26Z125J |
|
Residence : |
Via |
Carducci |
, 15 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Director |
|
Polli |
Massimo |
|
Born in MILANO |
on 15/08/1959 |
- Fiscal Code : PLLMSM59M15F205B |
|
Residence : |
Via |
BORSI |
, 5 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Attorney with special power |
|
Sorlie |
Per Arthur |
|
Born in Fredrikstad |
on 26/09/1957 |
- Fiscal Code : SRLPRT57P26Z125Z |
|
Residence : |
Via |
Carducci Giosue' |
, 15 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Director |
|
Board Chairman |
|
Lyngstap |
Per Bjarne |
|
Born in Molde |
on 04/01/1961 |
- Fiscal Code : LYNPBJ61A04Z125I |
|
Position |
|
Director |
|
Former seats |
|
- |
Branch |
|
since 01/01/1996 |
until 14/10/1996 |
|
|
|
|
|
Corso |
Manzoni |
- 24042 |
- Capriate San Gervasio |
(BG) |
- IT - |
|
The firm absorbed by merging of |
|
EUROVANILLIN ITALIA S.R.L. |
|
Via |
MEDICI DEL VASCELLO |
, 40 |
, 20100 |
, Milano |
(MI) |
- IT - |
|
Fiscal Code: 10211980155 |
|
Date |
: |
12/10/1995 |
PAYMENTS ANALYSIS
The average term of debts to suppliers is shorter than the sector one.
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 INTESA - RETE CARIPLO |
|
|
|
|
6070 |
0 |
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
436.053 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL AND
ECONOMICAL ANALYSIS
Company's starting of activities dates back to 1995.
During the last years, it recorded positive net results (r.o.e. 37,04%
in 2005) keeping the turnover steady during the last two years.
A loss is registered as to the operating result (-9,05%).
The financial status of the company is fairly balanced with an
indebtedness level of 1,5 and decreasing as against 2004.
The company does not exceed in bank borrowings; the recourse to
suppliers' credit is also limited below field's average.
The management determines a good range of liquidity.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
30.647.608 |
filed balance sheet |
|
Profit (Loss) for the period |
1.177.084 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
31.160.011 |
filed balance sheet |
|
Profit (Loss) for the period |
-20.365.732 |
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 ) |
|
|
4.550.781 |
6.529.961 |
|
. Intangible assets |
|
|
|
|
|
. Tangible fixed assets |
|
|
4.433.181 |
6.336.748 |
|
. . Land and buildings |
|
|
436.053 |
1.886.735 |
|
. . Plants, Equipm.and Machinery |
|
|
3.961.375 |
4.348.866 |
|
. Long-term Investments |
|
|
117.600 |
193.213 |
|
. . Financial loans |
|
|
117.600 |
193.213 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
14.304.657 |
15.144.552 |
|
. Stock |
|
|
3.113.233 |
6.487.823 |
|
. Credits |
|
|
11.061.412 |
8.607.769 |
|
. . Credits to clients |
|
|
10.492.774 |
7.416.203 |
|
. . Other credits |
|
|
568.638 |
1.191.566 |
|
. Short-term financial assets |
|
|
|
47.984 |
|
. Liquid assets |
|
|
130.012 |
976 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
57.797 |
66.859 |
|
TOTAL ASSETS |
|
|
18.913.235 |
21.741.372 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
3.177.084 |
-16.205.308 |
|
. Company's capital |
|
|
2.000.000 |
5.000.000 |
|
. Reserves |
|
|
|
|
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
-839.576 |
|
. Profit (loss) |
|
|
1.177.084 |
-20.365.732 |
|
PROVISION CHARGES ACCOUNTS |
|
|
9.079.655 |
14.521.763 |
|
STAFF TERM INDEMNITY |
|
|
941.384 |
1.894.809 |
|
DEBTS |
|
|
4.921.675 |
20.640.228 |
|
. Financial M/L terms |
|
|
|
|
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
|
|
|
. . Financial short-term banks |
|
|
|
|
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
3.894.806 |
19.515.109 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
1.026.869 |
1.125.119 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
793.437 |
889.880 |
|
TOTAL LIABILITIES |
|
|
18.913.235 |
21.741.372 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
29.050.270 |
29.369.612 |
|
. Revenues from sales/services |
|
|
30.647.608 |
31.160.011 |
|
. Change of stock (products) |
|
|
-2.094.596 |
-2.348.349 |
|
OPERATING EXPENSES |
|
|
30.762.992 |
37.827.232 |
|
. Purchasing expenses |
|
|
18.716.914 |
21.835.281 |
|
. Change of stock (raw material) |
|
|
1.279.993 |
668.395 |
|
. Expenses from services |
|
|
6.109.103 |
6.044.009 |
|
. Expenses from leasing |
|
|
237.823 |
474.942 |
|
. General expenses/sundry charges |
|
|
352.419 |
298.325 |
|
. Staff expenses |
|
|
3.027.269 |
6.038.963 |
|
. Depreciation/Devaluation costs |
|
|
1.039.471 |
2.467.317 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
950.998 |
2.199.797 |
|
. Financial charges |
|
|
908.715 |
2.196.990 |
|
. Financial revenues |
|
|
42.283 |
2.807 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
1.938.808 |
-13.935.370 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
1.177.084 |
-20.193.193 |
|
TAX |
|
|
|
172.539 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
1.177.084 |
-20.365.732 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2005 |
as at 31/12/2004 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
0,90 |
n.c. |
1,75 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
1,50 |
n.c. |
2,35 |
|
Current ratio |
Units |
=> 1 |
l |
2,90 |
0,73 |
1,24 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
2,27 |
0,41 |
0,99 |
|
Return on Sales |
% |
|
l |
7,23 |
- 57,44 |
4,55 |
|
Average stock waiting period |
dd |
|
l |
36,54 |
74,95 |
39,61 |
|
Credits to clients average term |
dd |
|
l |
123,22 |
85,68 |
136,63 |
|
Debts to suppliers average term |
dd |
|
l |
55,90 |
247,75 |
122,76 |
|
Net financial revenues/ charges incidence |
% |
|
l |
3,10 |
7,05 |
- 1,00 |
|
Labour cost incidence |
% |
|
l |
9,87 |
19,38 |
12,57 |
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.
RELIABILITY SCORE
Considering also subject's structural and behavioural characteristics
its credit margin rate (from 0 to 100%) is equal to 93%, in respect of a sector
average of 58%.
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:
855.800 .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 |
: |
3.839.216 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
SECTOR DATA
The values are calculated on a base of 447 significant companies.
The companies cash their credits on an average of 136 dd.
The average duration of suppliers debts is about 122 dd.
The sector's profitability is on an average of 4,55%.
The labour cost affects the turnover in the measure of 12,57%.
Goods are held in stock in a range of 39 dd.
The difference between the sales volume and the resources used to
realize it is about 1,26.
The employees costs represent the 13,12% of the production costs.
STATISTICAL
DETRIMENTAL DATA
Statistically the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 50.886 protested subjects are found; in the province they
count to 24.765.
The insolvency index for the region is 0,55, while for the province it
is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
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%)