MIRA
INFORM REPORT
|
Report Date : |
04.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
Colines S.p.a. |
|
|
|
|
Registered Office : |
Via Giuseppe Prina, 3, 28100
– Novara (NO) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
01/01/2005 |
|
|
|
|
Legal Form : |
Joint Stock company with sole shareholder |
|
|
|
|
Line of Business : |
Manufacturing and installation of machines for plastics processing. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
192.600 - Eur |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
name & address
Colines S.p.a.
Via Giuseppe Prina, 3
28100 - Novara (NO) -IT-
SUMMARY
|
Legal Form |
: |
Joint Stock company with sole shareholder |
|
Start of Activities |
: |
01/01/2005 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
12.750.000/15.500.000 Eur |
|
Number of Employees |
: |
from 51 to 70 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
192.600 - Eur |
ACTIVITY
Manufacturing and installation of machines for plastics processing.
LEGAL DATA
Legal Form : Joint Stock company with sole shareholder
|
Fiscal Code : 01977460037 |
|
Foreign Trade Reg. no. : NO015575 since 18/10/2005 |
|
Chamber of Commerce no. : 207913 of Novara since 24/11/2004 |
|
Chamber of Commerce no. : 295773 of Varese |
|
Firms' Register : NO-2004-22748 |
|
V.A.T. Code : 01977460037 |
|
Establishment Date |
: 16/11/2004 |
|
|
Start of Activities |
: 01/01/2005 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 520.000 |
Eur |
|
Subscribed Capital |
: 520.000 |
Eur |
|
Paid up Capital |
: 520.000 |
Eur |
MEMBERS
|
Gruppo Colines Holding S.r.l. |
|
|
- Fiscal Code : 01030440034 |
|
Via |
Giuseppe Prina |
, 3 |
- 28100 |
Novara |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
No Protests registered.
|
Peccetti |
Eraldo |
|
Born in Cetona |
(SI) |
on 04/04/1950 |
- Fiscal Code : PCCRLD50D04C587Z |
|
Residence : |
Corso |
Risorgimento |
, 383 |
- 28100 |
Novara |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
04/12/2006 |
|
|
|
Director |
04/12/2006 |
|
|
No Protests registered.
|
Zorloni |
Mario |
|
Born in Novara |
(NO) |
on 08/01/1940 |
- Fiscal Code : ZRLMRA40A08F952Z |
|
Residence : |
Via |
Ranzoni |
, 5/A |
- 28100 |
Novara |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
04/12/2006 |
|
|
|
Director |
04/12/2006 |
|
|
No Protests registered.
|
Paracchini |
Gian Carlo |
|
Born in Novara |
(NO) |
on 30/01/1938 |
- Fiscal Code : PRCGCR38A30F952F |
|
Residence : |
Via |
Xx Settembre |
, 18/A |
- 28100 |
Novara |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
04/12/2006 |
|
|
|
Board Chairman |
04/12/2006 |
|
|
No Protests registered.
|
Lombardini |
Francesco |
|
Born in Cameri |
(NO) |
on 06/03/1940 |
- Fiscal Code : LMBFNC40C06B473S |
|
Residence : |
Via |
G.prati |
, 8/BIS |
- 28062 |
Cameri |
(NO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
04/12/2006 |
|
|
|
Director |
04/12/2006 |
|
|
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.
|
PECCETTI |
ERALDO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
B - PACK S.P.A. |
Novara (NO) - IT - |
01473920039 |
Chairman |
Dismiss |
Registered |
|
B - PACK S.P.A. |
Novara (NO) - IT - |
01473920039 |
Director |
Dismiss |
Registered |
|
B-PACK DUE IMMOBILIARE S.P.A. |
Campiglia Marittima (LI) - IT - |
01539800498 |
Director |
Active |
Registered |
|
B-PACK DUE SPA |
Campiglia Marittima (LI) - IT - |
01181470491 |
Director |
Active |
Registered |
|
B-PACK DUE SPA |
Campiglia Marittima (LI) - IT - |
01181470491 |
Managing Director |
Active |
Registered |
|
B-PACK HOLDING S.P.A. |
Novara (NO) - IT - |
01473920039 |
Chairman |
Active |
Registered |
|
B-PACK HOLDING S.P.A. |
Novara (NO) - IT - |
01473920039 |
Managing Director |
Active |
Registered |
|
B-PACK HOLDING S.P.A. |
Novara (NO) - IT - |
01473920039 |
Director |
Active |
Registered |
|
B-PACK S.P.A. |
San Pietro Mosezzo (NO) - IT - |
01977450038 |
Managing Director |
Active |
Registered |
|
B-PACK S.P.A. |
San Pietro Mosezzo (NO) - IT - |
01977450038 |
Director |
Active |
Registered |
|
B-PACK S.P.A. |
San Pietro Mosezzo (NO) - IT - |
01977450038 |
Board Chairman |
Active |
Registered |
|
COLINES P.P. E P. - S.R.L. |
Novara (NO) - IT - |
01194880033 |
Managing Director |
Dismiss |
Ceased |
|
COLINES P.P. E P. - S.R.L. |
Novara (NO) - IT - |
01194880033 |
Director |
- |
Ceased |
|
COLINES P.P. E P. - S.R.L. |
Novara (NO) - IT - |
01194880033 |
Managing Director |
- |
Ceased |
|
COLINES STRETCH S.R.L. IN LIQUIDAZIONE |
Novara (NO) - IT - |
01992430031 |
Liquidator |
Active |
Registered |
|
COLINES STRETCH S.R.L. IN LIQUIDAZIONE |
Novara (NO) - IT - |
01992430031 |
Board Chairman |
Dismiss |
Registered |
|
ELAV S.R.L. |
Cameri (NO) - IT - |
00880410030 |
Director |
Active |
Registered |
|
GRUPPO COLINES HOLDING S.R.L. |
Novara (NO) - IT - |
01030440034 |
Managing Director |
Dismiss |
Registered |
|
GRUPPO COLINES HOLDING S.R.L. |
Novara (NO) - IT - |
01030440034 |
Director |
Active |
Registered |
|
GRUPPO COLINES HOLDING S.R.L. |
Novara (NO) - IT - |
01030440034 |
Managing Director |
Active |
Registered |
|
GRUPPO COLINES HOLDING S.R.L. |
Novara (NO) - IT - |
01030440034 |
Board Chairman |
Active |
Registered |
|
IMBALLAGGI PROTETTIVI S.R.L. |
Novara (NO) - IT - |
01508230032 |
Director |
Active |
Registered |
|
IMBALLAGGI PROTETTIVI S.R.L. |
Novara (NO) - IT - |
01508230032 |
Managing Director |
Active |
Registered |
|
IMBALLAGGI PROTETTIVI S.R.L. |
Novara (NO) - IT - |
01508230032 |
Board Chairman |
Active |
Registered |
|
LARIX S.R.L. |
Novara (NO) - IT - |
01881460032 |
Director |
Active |
Registered |
|
LARIX S.R.L. |
Novara (NO) - IT - |
01881460032 |
Board Chairman |
Active |
Registered |
|
PROMAPLAST S.R.L. |
Assago (MI) - IT - |
06128590152 |
Director |
Active |
Registered |
|
WELDING MACHINERY - S.R.L. |
Novara (NO) - IT - |
01270280033 |
Director |
Active |
Registered |
|
ZORLONI |
MARIO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
B - PACK S.P.A. |
Novara (NO) - IT - |
01473920039 |
Director |
Dismiss |
Registered |
|
COLINES ENGINEERING S.R.L. IN CONCORDATO
PREVENTIVO IN LIQUI- DAZIONE |
San Pietro Mosezzo (NO) - IT - |
00364080036 |
Sole Director |
- |
Ceased |
|
COLINES ENGINEERING S.R.L. IN CONCORDATO
PREVENTIVO IN LIQUI- DAZIONE |
San Pietro Mosezzo (NO) - IT - |
00364080036 |
Liquidator |
- |
Ceased |
|
COLINES P.P. E P. - S.R.L. |
Novara (NO) - IT - |
01194880033 |
Director |
- |
Ceased |
|
COLINES P.P. E P. - S.R.L. |
Novara (NO) - IT - |
01194880033 |
Board Chairman |
- |
Ceased |
|
COLINES STRETCH S.R.L. IN LIQUIDAZIONE |
Novara (NO) - IT - |
01992430031 |
Director |
Dismiss |
Registered |
|
FINOPLAST - S.A.S. DI INNOCENTI BRUNO E C.
|
Novara (NO) - IT - |
00589590033 |
Limited Partner |
- |
Ceased |
|
GRUPPO COLINES HOLDING S.R.L. |
Novara (NO) - IT - |
01030440034 |
Director |
Active |
Registered |
|
IMBALLAGGI PROTETTIVI S.R.L. |
Novara (NO) - IT - |
01508230032 |
Director |
Active |
Registered |
|
JAKARANDA S.N.C. DI ZORLONI MARIO E C. IN LIQUIDAZIONE
|
Novara (NO) - IT - |
01408010039 |
Partner |
Active |
Registered |
|
JAKARANDA S.N.C. DI ZORLONI MARIO E C. IN
LIQUIDAZIONE |
Novara (NO) - IT - |
01408010039 |
Liquidator |
Active |
Registered |
|
LARIX S.R.L. |
Novara (NO) - IT - |
01881460032 |
Director |
Active |
Registered |
|
WELDING MACHINERY - S.R.L. |
Novara (NO) - IT - |
01270280033 |
Director |
Active |
Registered |
|
PARACCHINI |
GIAN CARLO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
B - PACK S.P.A. |
Novara (NO) - IT - |
01473920039 |
Supervisory Board Chairman |
Dismiss |
Registered |
|
B-PACK DUE IMMOBILIARE S.P.A. |
Campiglia Marittima (LI) - IT - |
01539800498 |
Supervisory Board Chairman |
Active |
Registered |
|
B-PACK DUE SPA |
Campiglia Marittima (LI) - IT - |
01181470491 |
Supervisory Board Chairman |
Active |
Registered |
|
B-PACK HOLDING S.P.A. |
Novara (NO) - IT - |
01473920039 |
Supervisory Board Chairman |
Active |
Registered |
|
B-PACK S.P.A. |
San Pietro Mosezzo (NO) - IT - |
01977450038 |
Supervisory Board Chairman |
Active |
Registered |
|
CCRT IMPIANTI SRL |
Milano (MI) - IT - |
11316750154 |
Permanent Auditor |
Active |
Registered |
|
CIVIEMME S.P.A. |
Bogogno (NO) - IT - |
00235020039 |
Permanent Auditor |
Active |
Registered |
|
COLORIFICIO I.CO.RI.P. S.P.A. |
Oleggio (NO) - IT - |
01261670036 |
|
Dismiss |
Registered |
|
COOPERATIVA IMMOBILIARE SEDE COMMERCIALISTI
- NOVARA A RESPON- SABILITA' LIMITAT |
Novara (NO) - IT - |
01089810038 |
Board Chairman |
Dismiss |
Registered |
|
GEI - S.A.S. DI VALENTINI MILENA E C. IN
LIQUIDAZIONE |
Novara (NO) - IT - |
01600310039 |
Limited Partner |
Active |
Registered |
|
GEI S.R.L. |
Novara (NO) - IT - |
02086730039 |
Director |
Active |
Registered |
|
GMP E PARTNERS SRL |
Novara (NO) - IT - |
01742110032 |
Director |
Active |
Registered |
|
GRUPPO COLINES HOLDING S.R.L. |
Novara (NO) - IT - |
01030440034 |
Chairman |
Dismiss |
Registered |
|
GRUPPO COLINES HOLDING S.R.L. |
Novara (NO) - IT - |
01030440034 |
Director |
Dismiss |
Registered |
|
GRUPPO COLINES HOLDING S.R.L. |
Novara (NO) - IT - |
01030440034 |
Board Chairman |
Dismiss |
Registered |
|
HOFER S.R.L. IN LIQUIDAZIONE |
Novara (NO) - IT - |
00304520034 |
Liquidator |
- |
Ceased |
|
IMBALLAGGI PROTETTIVI S.R.L. |
Novara (NO) - IT - |
01508230032 |
Supervisory Board Chairman |
Active |
Registered |
|
IMMOBILIARE PAPA GIOVANNI S.R.L. |
Novara (NO) - IT - |
00412600033 |
Sole Director |
- |
Ceased |
|
INTERSERVICE S.R.L. IN LIQUIDAZIONE |
Novara (NO) - IT - |
01385240039 |
Liquidator |
- |
Ceased |
|
SANTAGOSTINO ABBIGLIAMENTO S.N.C. DI GIOVANNA
E LAURA SANTAGO- STINO IN LIQUI |
Novara (NO) - IT - |
00132450032 |
Liquidator |
- |
Ceased |
|
TECNOV - S.R.L. - IN LIQUIDAZIONE |
Novara (NO) - IT - |
01361840034 |
Sole Director |
- |
Ceased |
|
THELEME SPA |
Corsico (MI) - IT - |
01224420032 |
Permanent Auditor |
- |
Ceased |
|
LOMBARDINI |
FRANCESCO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
B - PACK S.P.A. |
Novara (NO) - IT - |
01473920039 |
Director |
Dismiss |
Registered |
|
B-PACK DUE IMMOBILIARE S.P.A. |
Campiglia Marittima (LI) - IT - |
01539800498 |
Director |
Active |
Registered |
|
B-PACK DUE SPA |
Campiglia Marittima (LI) - IT - |
01181470491 |
Director |
Active |
Registered |
|
B-PACK HOLDING S.P.A. |
Novara (NO) - IT - |
01473920039 |
Director |
Active |
Registered |
|
B-PACK S.P.A. |
San Pietro Mosezzo (NO) - IT - |
01977450038 |
Director |
Active |
Registered |
|
COLINES P.P. E P. - S.R.L. |
Novara (NO) - IT - |
01194880033 |
Director |
- |
Ceased |
|
COLINES STRETCH S.R.L. IN LIQUIDAZIONE |
Novara (NO) - IT - |
01992430031 |
Director |
Dismiss |
Registered |
|
FINOPLAST - S.A.S. DI INNOCENTI BRUNO E C.
|
Novara (NO) - IT - |
00589590033 |
Limited Partner |
- |
Ceased |
|
GRUPPO COLINES HOLDING S.R.L. |
Novara (NO) - IT - |
01030440034 |
Director |
Active |
Registered |
|
IMBALLAGGI PROTETTIVI S.R.L. |
Novara (NO) - IT - |
01508230032 |
Director |
Active |
Registered |
|
LARIX S.R.L. |
Novara (NO) - IT - |
01881460032 |
Director |
Active |
Registered |
|
WELDING MACHINERY - S.R.L. |
Novara (NO) - IT - |
01270280033 |
Chairman |
Active |
Registered |
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 |
|
Gruppo Colines Holding S.r.l. |
Novara - IT - |
01030440034 |
|
100,00 |
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:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Giuseppe Prina |
, 3 |
- 28100 - |
Novara |
(NO) |
- IT - |
|
|
|
|
PHONE |
: 0321/486311 |
|
|
|
|
FAX |
: 0321/490029 |
|
- |
Branch |
(Factory ) |
since 01/01/2005 |
in : |
|
|
|
|
|
Via |
Michelangelo Buonarroti |
, 27/29 Loc. NIBBIA |
- 28060 - |
San Pietro Mosezzo |
(NO) |
- IT - |
|
|
|
|
PHONE |
: 0321/486311 |
|
|
|
|
FAX |
: 0321/490029 |
|
- |
Branch |
(Production engineering department ) |
since 01/01/2005 |
in : |
|
|
|
|
|
Via |
Lussemburgo |
, 9 |
- 21013 - |
Gallarate |
(VA) |
- IT - |
|
- |
Branch |
(Factory ) |
since 04/12/2006 |
in : |
|
|
|
|
|
Via |
Primo Maggio |
- 21022 - |
Azzate |
(VA) |
- IT - |
|
|
|
|
Employees |
: 54 |
|
|
|
|
Fittings and Equipment |
for a value of
852.153 |
Eur |
|
|
|
|
Stocks |
for a value of
3.553.223 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
HISTORICAL INFORMATION AND/OR
FIRM'S
STATUS
|
Ex-Members /
Ex-Positions |
|
Peccetti |
Eraldo |
|
Born in Cetona |
on 04/04/1950 |
- Fiscal Code : PCCRLD50D04C587Z |
|
Residence : |
Corso |
Risorgimento |
, 383 |
- 28100 |
Novara |
(NO) |
- IT - |
|
Position |
|
Board Chairman |
|
Zorloni |
Mario |
|
Born in Novara |
on 08/01/1940 |
- Fiscal Code : ZRLMRA40A08F952Z |
|
Residence : |
Via |
Ranzoni |
, 5/A |
- 28100 |
Novara |
(NO) |
- IT - |
|
Position |
|
Managing Director |
|
Lombardini |
Francesco |
|
Born in Cameri |
on 06/03/1940 |
- Fiscal Code : LMBFNC40C06B473S |
|
Residence : |
Via |
G.prati |
, 8/BIS |
- 28062 |
Cameri |
(NO) |
- IT - |
|
Position |
|
Managing Director |
|
The firm absorbed by merging of |
|
Colines P.p. E P. - S.r.l. |
|
Via |
Prina |
, 3 |
, 28100 |
, Novara |
(NO) |
- IT - |
|
Fiscal Code: 01194880033 |
|
Date |
: |
04/12/2006 |
|
Project of merging by taking over of |
|
Colines P.p. E P. - S.r.l. |
|
Via |
Prina |
, 3 |
, 28100 |
, Novara |
(NO) |
- IT - |
|
Fiscal Code: 01194880033 |
|
Date |
Merging/Splitting-up Project : |
05/10/2006 |
PAYMENTS ANALYSIS
The average term of debts to suppliers is higher than the sector one.
PAYMENTS SCORE : - No insolvency
CREDIT REVOLVING
The subject of inquiry has been monitored by our company:
During the last 12 Months : n. 1 times.
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 |
8.131.393 .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 under review started the activities in 2005.
Under the financial profile unstable results are noted. with a loss in
the last financial year. The turnover is growing in the last financial year
(+18,44%).
The operating result is negative.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (1,84) even though on the increase if compared to 2005.
The financial exposure is moderate, on the other hand the recourse to
commercial credit is high, with a high average payment period even in
comparison with the sector's.
Nevertheless available funds are good.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
14.211.893 |
filed balance sheet |
|
Profit (Loss) for the period |
-521.978 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
11.998.887 |
filed balance sheet |
|
Profit (Loss) for the period |
30.097 |
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 ) |
|
|
9.000.876 |
8.722.524 |
|
. Intangible assets |
|
|
267.993 |
31.715 |
|
. Tangible fixed assets |
|
|
8.720.354 |
8.684.311 |
|
. . Land and buildings |
|
|
8.131.393 |
8.258.452 |
|
. . Plants, Equipm.and Machinery |
|
|
316.218 |
185.318 |
|
. Long-term Investments |
|
|
12.529 |
6.498 |
|
. . Financial loans |
|
|
12.529 |
6.498 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
17.413.901 |
11.692.354 |
|
. Stock |
|
|
7.916.166 |
4.775.822 |
|
. Credits |
|
|
4.737.414 |
4.611.961 |
|
. . Credits to clients |
|
|
3.679.483 |
3.561.309 |
|
. . Other credits |
|
|
1.057.931 |
1.050.652 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
4.760.321 |
2.304.571 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
120.441 |
28.563 |
|
TOTAL ASSETS |
|
|
26.535.218 |
20.443.441 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
6.076.776 |
6.047.728 |
|
. Company's capital |
|
|
520.000 |
520.000 |
|
. Reserves |
|
|
6.078.754 |
5.497.631 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
-521.978 |
30.097 |
|
PROVISION CHARGES ACCOUNTS |
|
|
1.004.109 |
1.011.676 |
|
STAFF TERM INDEMNITY |
|
|
1.313.955 |
871.336 |
|
DEBTS |
|
|
18.140.378 |
12.512.701 |
|
. Financial M/L terms |
|
|
2.174.122 |
2.879.906 |
|
. . Financial M/L term banks |
|
|
2.174.122 |
2.879.906 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
2.408.260 |
1.037.996 |
|
. . Financial short-term banks |
|
|
2.408.260 |
1.037.996 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
8.854.265 |
6.068.908 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
4.703.731 |
2.525.891 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
|
|
|
TOTAL LIABILITIES |
|
|
26.535.218 |
20.443.441 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
13.926.847 |
12.360.560 |
|
. Revenues from sales/services |
|
|
14.211.893 |
11.998.887 |
|
. Change of stock (products) |
|
|
-607.387 |
120.536 |
|
OPERATING EXPENSES |
|
|
14.061.548 |
12.147.264 |
|
. Purchasing expenses |
|
|
10.013.726 |
5.906.437 |
|
. Change of stock (raw material) |
|
|
-3.401.724 |
441.462 |
|
. Expenses from services |
|
|
2.759.666 |
2.877.014 |
|
. Expenses from leasing |
|
|
618.923 |
183.556 |
|
. General expenses/sundry charges |
|
|
180.496 |
113.073 |
|
. Staff expenses |
|
|
3.472.089 |
2.169.522 |
|
. Depreciation/Devaluation costs |
|
|
418.372 |
456.200 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-262.975 |
98.361 |
|
. Financial charges |
|
|
-327.490 |
|
|
. Financial revenues |
|
|
64.515 |
98.361 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
17.373 |
-9.652 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
-380.303 |
302.005 |
|
TAX |
|
|
141.675 |
271.908 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
-521.978 |
30.097 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
1,06 |
1,12 |
2,03 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
1,84 |
1,21 |
3,11 |
|
Current ratio |
Units |
=> 1 |
l |
1,09 |
1,21 |
1,26 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
l |
0,59 |
0,71 |
0,92 |
|
Return on Sales |
% |
|
l |
- 0,72 |
4,05 |
3,50 |
|
Average stock waiting period |
dd |
|
l |
200,52 |
143,28 |
60,71 |
|
Credits to clients average term |
dd |
|
l |
93,20 |
106,84 |
124,63 |
|
Debts to suppliers average term |
dd |
|
l |
237,99 |
243,64 |
158,82 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 1,85 |
0,81 |
- 0,75 |
|
Labour cost incidence |
% |
|
l |
24,43 |
18,08 |
20,80 |
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
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:
192.600 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
353.743 |
|
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 1.168 significant companies.
The companies cash their credits on an average of 124 dd.
The average duration of suppliers debts is about 158 dd.
The sector's profitability is on an average of 3,50%.
The labour cost affects the turnover in the measure of 20,80%.
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 1,18.
The employees costs represent the 21,30% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistically the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 27.019 protested subjects are found; in the province they
count to 2.505.
The insolvency index for the region is 0,63, while for the province it
is 0,71.
Total Bankrupt companies in the province : 1.102.
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%)