MIRA
INFORM REPORT
|
Report Date : |
28.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
Martin Bauer S.p.a. |
|
|
|
|
Registered Office : |
Via Ettore De Sonnaz, 19, 10121
– |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
01/09/1999 |
|
|
|
|
Legal Form : |
Joint Stock company with sole shareholder |
|
|
|
|
Line of Business : |
Pharmaceutical industry. |
RATING & COMMENTS
|
MIRA’s Rating : |
NR |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
Status : |
Merged |
name & address
Martin Bauer S.p.a.
Via
Ettore De Sonnaz, 19
10121 -
SUMMARY
|
Legal Form |
: |
Joint Stock company with sole shareholder |
|
Start of Activities |
: |
01/09/1999 |
|
Firm's Status |
: |
Merged |
ACTIVITY
Pharmaceutical industry.
LEGAL DATA
Legal Form : Joint Stock company with sole shareholder
|
Fiscal Code : 06751770014 |
|
Foreign Trade Reg. no. : TO084326 since 18/04/2000 |
|
Foreign Trade Reg. no. : 084326 of |
|
Chamber of Commerce no. : 810308 of |
|
Firms' Register : 2887/94 |
|
Firms' Register : TO272-1994-2887 since 19/02/1996 |
|
Foundation Date |
: 06/09/1994 |
|
|
Establishment Date |
: 20/07/1994 |
|
|
Start of Activities |
: 01/09/1999 |
|
|
Legal Duration Date |
: 31/12/2040 |
|
|
Nominal Capital |
: 2.480.000 |
Eur |
|
Subscribed Capital |
: 2.480.000 |
Eur |
|
Paid up Capital |
: 2.480.000 |
Eur |
MEMBERS
|
Vittone |
Valter |
|
Born in Chieri |
(TO) |
on 03/04/1957 |
- Fiscal Code : VTTVTR57D03C627J |
|
Residence : |
Via |
Fontaneto |
, 1 |
- 10023 |
Chieri |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
10/04/2000 |
|
|
No Protests registered.
|
Pudda |
Daniela |
|
Born in Borgone Susa |
(TO) |
on 11/10/1958 |
- Fiscal Code : PDDDNL58R51B024Q |
|
Residence : |
Via |
Cavour |
, 16/3 |
- 10043 |
Orbassano |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
10/04/2000 |
|
|
No Protests registered.
|
De Fazio |
Maria Teresa |
|
Born in Chiaravalle Centrale |
(CZ) |
on 16/02/1961 |
- Fiscal Code : DFZMTR61B56C616R |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
10/04/2000 |
|
|
No Protests registered.
|
Hack |
Helmut Matthaus |
|
Born in |
on 10/09/1949 |
- Fiscal Code : HCKHMT49P10Z112P |
|
Residence : |
Via |
Dutendorferstrasse |
, 12 |
Vestenbergsgreuth |
- DE - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
17/05/2005 |
|
|
|
Director |
30/04/2005 |
|
|
|
Board Chairman |
30/04/2005 |
|
|
No Protests registered.
|
Koehr |
Peter |
|
Born in |
on 09/08/1960 |
- Fiscal Code : KHRPTR60M09Z112S |
|
Residence : |
Via |
Ettore De Sonnaz |
, 19 |
- 10100 |
|
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2005 |
|
|
No Protests registered.
|
M.b. Beteiligungs Gmbh |
|
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
No Protests registered.
|
Daghero |
Paolo |
|
Born in Avigliana |
(TO) |
on 20/07/1968 |
- Fiscal Code : DGHPLA68L20A518I |
|
Residence : |
Via |
Rosta |
, 14 |
- 10094 |
Giaveno |
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
17/05/2005 |
|
|
|
Director |
30/04/2005 |
|
|
|
Procurator |
10/04/2000 |
|
|
No Protests registered.
|
Reano |
Giampaolo |
|
Born in |
(TO) |
on 26/07/1966 |
- Fiscal Code : RNEGPL66L26L219A |
|
Residence : |
Via |
Pacchiotti |
, 36 |
- 10100 |
|
(TO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
29/03/2001 |
|
|
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.
|
VITTONE VALTER |
|
|
PUDDA DANIELA |
|
|
DE FAZIO MARIA
TERESA |
|
|
DAGHERO PAOLO |
|
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 |
|
M.b. Beteiligungs Gmbh |
|
|
|
100,00 |
STRUCTURE AND COMPANY
ACTIVITY
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Ettore De Sonnaz |
, 19 |
- 10121 - |
|
(TO) |
- IT - |
|
- |
Branch |
(Store ) |
since 01/07/1999 |
in : |
|
|
|
|
|
Via |
Vernea |
, 91/12 |
- 10042 - |
Nichelino |
(TO) |
- IT - |
|
- |
Branch |
(office ) |
since 01/07/1999 |
in : |
|
|
|
|
|
Via |
Carlo Pisacane |
, 9 |
- 10042 - |
Nichelino |
(TO) |
- IT - |
|
|
|
|
PHONE |
: 011/6898411 |
|
|
|
|
Employees |
: 66 |
|
|
|
|
Assistants |
: 1 |
|
|
|
|
Fittings and Equipment |
for a value of
1.073.500 |
Eur |
|
|
|
|
Stocks |
for a value of 5.486.500 |
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 |
10/08/1999 |
|
Company Style
modifications |
|
Former Style |
New Style |
Changement Date |
|
Testa e Cuore Srl |
Planet Srl |
04/07/1997 |
|
Planet Srl |
D. Ulrich Srl |
14/07/1999 |
|
D. Ulrich Srl |
D. Ulrich SpA |
10/08/1999 |
|
Ex-Members /
Ex-Positions |
|
Palea |
Roberto |
|
Born in |
on 09/07/1937 |
- Fiscal Code : PLARRT37L09C497F |
|
Residence : |
Via |
Ettore De Sonnaz |
, 19 |
- 10121 |
|
(TO) |
- IT - |
|
Position |
|
Supervisory Board Chairman |
|
Ferrero |
Maurizio |
|
Born in |
on 27/02/1964 |
- Fiscal Code : FRRMRZ64B27L219D |
|
Residence : |
Via |
Ettore De Sonnaz |
, 19 |
- 10121 |
|
(TO) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Regge Gianas |
Alessandro |
|
Born in |
on 09/09/1957 |
- Fiscal Code : RGGLSN57P09D205A |
|
Residence : |
Via |
Sebusto |
, 47 |
- 10093 |
Collegno |
(TO) |
- IT - |
|
Position |
|
Director |
|
Managing Director |
|
Bassano |
Roberto |
|
Born in |
on 02/11/1959 |
- Fiscal Code : BSSRRT59S02L219V |
|
Residence : |
Via |
ROTTA FIANO |
, 42 |
- 10070 |
Fiano |
(TO) |
- IT - |
|
Position |
|
Sole Director |
|
Sertorio |
Paolo |
|
Born in |
on 22/08/1939 |
- Fiscal Code : SRTPLA39M22L219L |
|
Residence : |
Strada |
San Vincenzo |
, 40/31 |
- 10100 |
|
(TO) |
- IT - |
|
Position |
|
Managing Director |
|
Director |
|
Reinaudi |
Roberto |
|
Born in |
on 18/03/1939 |
- Fiscal Code : RNDRRT39C18L219V |
|
Residence : |
Borgata |
BAROLA' COLPASTORE |
, 3 |
- 10094 |
Giaveno |
(TO) |
- IT - |
|
Position |
|
Director |
|
Managing Director |
|
Board Chairman |
|
Hack |
Helmut Matthaus |
|
Born in |
on 10/09/1949 |
- Fiscal Code : HCKHMT49P10Z112P |
|
Residence : |
Via |
Dutendorferstrasse |
, 12 |
Vestenbergsgreuth |
- DE - |
|
Position |
|
Director |
|
Sciarrillo |
Raimondo |
|
Born in |
on 27/06/1949 |
- Fiscal Code : SCRRND49H27L219Y |
|
Position |
|
Chairman |
|
Daghero |
Paolo |
|
Born in Avigliana |
on 20/07/1968 |
- Fiscal Code : DGHPLA68L20A518I |
|
Residence : |
Via |
Rosta |
, 14 |
- 10094 |
Giaveno |
(TO) |
- IT - |
|
Position |
|
Director |
|
M.B. BETEILIGUNGS GMBH |
|
|
Position |
|
Sole partner |
|
Splitting-up and setting-up of a new company |
|
Mb Med. S.r.l. |
|
Via |
Ettore De Sonnaz |
, 19 |
, 10100 |
, |
(TO) |
- IT - |
|
Fiscal Code: 09257990011 |
|
Date |
Splitting-up : |
02/01/2006 |
|
The firm was taken over by |
|
Mb Med. S.r.l. |
|
Via |
Ettore De Sonnaz |
, 19 |
, 10100 |
, |
(TO) |
- IT - |
|
Fiscal Code: 09257990011 |
|
Date |
: |
02/01/2006 |
PAYMENTS ANALYSIS
The average term of debts to suppliers is normal compared with that of the
sector.
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.
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
16.526 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
10.643.583 |
filed balance sheet |
|
Profit (Loss) for the period |
-179.523 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
17.389.525 |
filed balance sheet |
|
Profit (Loss) for the period |
-547.275 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
17.699.220 |
filed balance sheet |
|
Profit (Loss) for the period |
15.431 |
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 31/12/2006 - Months 12 - Currency Eur - Amounts x 1 |
|
Balance Sheet as
at 31/12/2005 - Months 12 - Currency Eur - Amounts x 1 |
|
Years |
|
|
2006 |
2005 |
|
|
BALANCE SHEET
ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
2.097.071 |
3.626.769 |
|
. Intangible assets |
|
|
800.459 |
1.018.067 |
|
. Tangible fixed assets |
|
|
1.073.549 |
1.442.909 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
1.073.549 |
1.432.909 |
|
. Long-term Investments |
|
|
223.063 |
1.165.793 |
|
. . Financial loans |
|
|
223.063 |
1.165.793 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
11.045.605 |
13.542.233 |
|
. Stock |
|
|
5.486.299 |
7.536.083 |
|
. Credits |
|
|
4.928.508 |
5.735.081 |
|
. . Credits to clients |
|
|
4.129.174 |
4.731.307 |
|
. . Other credits |
|
|
799.334 |
1.003.774 |
|
. Short-term financial assets |
|
|
|
9.379 |
|
. Liquid assets |
|
|
630.798 |
261.690 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
56.583 |
48.277 |
|
TOTAL ASSETS |
|
|
13.199.259 |
17.217.279 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
2.960.967 |
5.740.491 |
|
. Company's capital |
|
|
2.480.000 |
2.580.000 |
|
. Reserves |
|
|
1.207.765 |
3.707.766 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
-547.275 |
|
|
. Profit (loss) |
|
|
-179.523 |
-547.275 |
|
PROVISION CHARGES ACCOUNTS |
|
|
670.242 |
1.112.905 |
|
STAFF TERM INDEMNITY |
|
|
644.084 |
717.916 |
|
DEBTS |
|
|
8.584.652 |
9.266.465 |
|
. Financial M/L terms |
|
|
612.585 |
801.758 |
|
. . Financial M/L term banks |
|
|
462.856 |
504.643 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
149.729 |
297.115 |
|
. Financial short-term debts |
|
|
4.782.288 |
5.445.564 |
|
. . Financial short-term banks |
|
|
4.634.902 |
4.950.429 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
147.386 |
495.135 |
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
2.965.034 |
2.569.704 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
224.745 |
449.439 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
339.314 |
379.502 |
|
TOTAL LIABILITIES |
|
|
13.199.259 |
17.217.279 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
12.103.287 |
17.948.178 |
|
. Revenues from sales/services |
|
|
10.643.583 |
17.389.525 |
|
. Change of stock (products) |
|
|
60.931 |
55.636 |
|
OPERATING EXPENSES |
|
|
11.885.756 |
18.279.514 |
|
. Purchasing expenses |
|
|
7.103.637 |
10.359.389 |
|
. Change of stock (raw material) |
|
|
-252.946 |
-409.906 |
|
. Expenses from services |
|
|
1.853.278 |
3.300.621 |
|
. Expenses from leasing |
|
|
309.885 |
581.137 |
|
. General expenses/sundry charges |
|
|
90.203 |
1.027.369 |
|
. Staff expenses |
|
|
2.136.869 |
2.661.873 |
|
. Depreciation/Devaluation costs |
|
|
644.830 |
759.031 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-210.068 |
-213.211 |
|
. Financial charges |
|
|
-210.068 |
-221.020 |
|
. Financial revenues |
|
|
|
7.809 |
|
FINANCIAL ASSETS CORRECTION |
|
|
-33.000 |
-9.053 |
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
|
-45.000 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
-25.537 |
-598.600 |
|
TAX |
|
|
153.986 |
-51.325 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
-179.523 |
-547.275 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
|
2,01 |
2,00 |
1,54 |
|
Net Short-term indebtedness |
Units |
- 1 |
|
2,47 |
1,42 |
1,81 |
|
Current ratio |
Units |
=> 1 |
|
1,38 |
1,59 |
1,30 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
|
0,69 |
0,70 |
0,97 |
|
Return on Sales |
% |
|
|
4,37 |
1,21 |
6,28 |
|
Average stock waiting period |
dd |
|
|
185,54 |
155,98 |
48,63 |
|
Credits to clients average term |
dd |
|
|
139,64 |
97,92 |
117,01 |
|
Debts to suppliers average term |
dd |
|
|
115,16 |
64,94 |
120,00 |
|
Net financial revenues/ charges incidence |
% |
|
|
- 1,97 |
- 1,22 |
- 0,96 |
|
Labour cost incidence |
% |
|
|
20,07 |
15,30 |
17,19 |
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;
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:
0 .Eur.
MARKET / TERRITORY
DATA
|
Population living in the province |
: |
2.236.941 |
|
Population living in the region |
: |
4.330.172 |
|
Number of families in the region |
: |
1.889.207 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
429 |
|
- per non food products |
: |
1.789 |
|
- per energy consume |
: |
135 |
SECTOR DATA
The values are calculated on a base of 354 significant companies.
The companies cash their credits on an average of 117 dd.
The average duration of suppliers debts is about 120 dd.
The sector's profitability is on an average of 6,28%.
The labour cost affects the turnover in the measure of 17,19%.
Goods are held in stock in a range of 48 dd.
The difference between the sales volume and the resources used to
realize it is about 1,06.
The employees costs represent the 17,54% of the production costs.
STATISTICAL
DETRIMENTAL DATA
In the region 27.019 protested subjects are found; in the province they
count to 16.723.
The insolvency index for the region is 0,63, while for the province it
is 0,76.
Total Bankrupt companies in the province : 7.726.
Total Bankrupt companies in the region : 14.165.
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. |
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%)