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MIRA
INFORM REPORT
|
Report Date : |
29.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
Mirco Visconti
S.r.l. |
|
|
|
|
Registered Office : |
Viale Santuario, 3, 15048
– Valenza (AL) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
25/09/1985 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Production of jewellery, bijouterie and gems cutting. Wholesale of watches, clocks and jewellery. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
name & address
Mirco Visconti S.r.l.
Viale
Santuario, 3
15048 - Valenza (AL) -IT-
SUMMARY
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
25/09/1985 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
10.000.000/12.750.000 Eur |
|
Number of Employees |
: |
from 16 to 25 |
CREDIT ANALYSIS
|
Score |
: |
Risk normal |
ACTIVITY
Production of jewellery, bijouterie and gems cutting.
Wholesale of watches, clocks and jewellery.
LEGAL DATA
Legal Form : Limited liability company
|
Fiscal Code : 01234100061 |
|
Foreign Trade Reg. no. : AL004437 since 20/12/1991 |
|
Chamber of Commerce no. : 147449 of Alessandria since 12/10/1985 |
|
Firms' Register : AL003-10170 |
|
R. E. C. no. : 25803 of Alessandria since 22/05/1986 |
|
Establishment Date |
: 25/09/1985 |
|
|
Start of Activities |
: 25/09/1985 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 50.000 |
Eur |
|
Subscribed Capital |
: 50.000 |
Eur |
|
Paid up Capital |
: 50.000 |
Eur |
MEMBERS
|
Liparota |
Enrico |
|
Born in Valenza |
(AL) |
on 25/09/1956 |
- Fiscal Code : LPRNRC56P25L570P |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
28/07/1989 |
6.972 - Eur |
13,94 |
|
Mark owner |
|
6.972 - Eur |
13,94 |
No Protests registered.
|
Visconti |
Cosetta |
|
Born in Alessandria |
(AL) |
on 08/05/1960 |
- Fiscal Code : VSCCTT60E48A182Y |
|
Residence : |
Strada |
Astigliano |
, 44/46 |
- 15048 |
Valenza |
(AL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
14/09/1989 |
|
|
No Protests registered.
COMPANIES CONNECTED TO MEMBERS *
*checkings have been performed on a national scale.
The Members of the subject firm are not reported to be Members in other
companies.
CAPITAL SHAREHOLDERS
|
Style / Name |
Seat / Address |
Fiscal Code |
Owned Shares |
% of Ownership |
|
Liparota Enrico |
|
LPRNRC56P25L570P |
25.000 .Eur |
50,00 |
|
Visconti Cosetta |
Valenza - IT - |
VSCCTT60E48A182Y |
25.000 .Eur |
50,00 |
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 : |
|
|
|
|
|
Viale |
Santuario |
, 3 |
- 15048 - |
Valenza |
(AL) |
- IT - |
|
|
|
|
PHONE |
: 0131/941024 |
|
|
|
|
Employees |
: 23 |
|
|
|
|
Fittings and Equipment |
for a value of
227.000 |
Eur |
|
|
|
|
Stocks |
for a value of
3.952.500 |
Eur |
The firm operates abroad as exporter.
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Austria |
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.
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
None reported in the name of the Firm.
FINANCIAL AND ECONOMICAL ANALYSIS
Company's starting of activities dates back to 1985.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 1,77% in 2006 with an increase in 2006 (+26,87%).
The return on Investment in the last financial year was positive (3,69%)
and in line with the sector's average.
The financial status of the company is fairly balanced with an indebtedness
level of 1,47 and decreasing as against 2005.
The exposure towards banks is slightly high, the recourse to suppliers'
credit is limited below the sector's average.
The management determines a good range of liquidity.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/03/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
10.867.532 |
filed balance sheet |
|
Profit (Loss) for the period |
85.511 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/03/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
8.565.425 |
filed balance sheet |
|
Profit (Loss) for the period |
153.455 |
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 31/03/2006 - Months 12 - Currency Eur - Amounts x 1 |
|
Balance Sheet as
at 31/03/2005 - Months 12 - Currency Eur - Amounts x 1 |
|
Years |
|
|
2006 |
2005 |
|
|
BALANCE SHEET
ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
364.336 |
435.630 |
|
. Intangible assets |
|
|
82.425 |
108.037 |
|
. Tangible fixed assets |
|
|
242.705 |
289.887 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm. and Machinery |
|
|
226.856 |
127.878 |
|
. Long-term Investments |
|
|
39.206 |
37.706 |
|
. . Financial loans |
|
|
39.206 |
37.706 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
12.242.030 |
10.095.962 |
|
. Stock |
|
|
3.952.399 |
4.276.104 |
|
. Credits |
|
|
8.258.365 |
5.814.400 |
|
. . Credits to clients |
|
|
6.913.093 |
5.591.722 |
|
. . Other credits |
|
|
1.345.272 |
222.678 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
31.266 |
5.458 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
148.373 |
153.451 |
|
TOTAL ASSETS |
|
|
12.754.739 |
10.685.043 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
4.825.473 |
1.819.961 |
|
. Company's capital |
|
|
50.000 |
50.000 |
|
. Reserves |
|
|
4.689.962 |
1.616.506 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
85.511 |
153.455 |
|
PROVISION CHARGES ACCOUNTS |
|
|
|
|
|
STAFF TERM INDEMNITY |
|
|
255.660 |
220.488 |
|
DEBTS |
|
|
7.584.077 |
8.528.766 |
|
. Financial M/L terms |
|
|
434.510 |
3.085.189 |
|
. . Financial M/L term banks |
|
|
434.510 |
585.189 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
2.500.000 |
|
. Financial short-term debts |
|
|
6.708.090 |
4.622.185 |
|
. . Financial short-term banks |
|
|
6.708.090 |
4.622.185 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
104.749 |
457.649 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
336.728 |
363.743 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
89.529 |
115.828 |
|
TOTAL LIABILITIES |
|
|
12.754.739 |
10.685.043 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
10.231.522 |
8.688.083 |
|
. Revenues from sales/services |
|
|
10.867.532 |
8.565.425 |
|
. Change of stock (products) |
|
|
-654.654 |
110.624 |
|
OPERATING EXPENSES |
|
|
9.759.952 |
8.130.557 |
|
. Purchasing expenses |
|
|
7.975.093 |
6.144.693 |
|
. Change of stock (raw material) |
|
|
-327.948 |
-38.429 |
|
. Expenses from services |
|
|
1.050.203 |
1.006.968 |
|
. Expenses from leasing |
|
|
47.514 |
52.679 |
|
. General expenses/sundry charges |
|
|
84.436 |
34.378 |
|
. Staff expenses |
|
|
773.319 |
770.375 |
|
. Depreciation/Devaluation costs |
|
|
157.335 |
159.893 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-238.371 |
-210.844 |
|
. Financial charges |
|
|
-238.371 |
-210.844 |
|
. Financial revenues |
|
|
|
|
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-888 |
-1.771 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
232.311 |
344.911 |
|
TAX |
|
|
146.800 |
191.456 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
85.511 |
153.455 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/03/2006 |
as at 31/03/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
15,13 |
11,76 |
2,48 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
1,47 |
2,98 |
2,41 |
|
Current ratio |
Units |
=> 1 |
l |
1,71 |
1,85 |
1,36 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
1,15 |
1,06 |
0,85 |
|
Return on Sales |
% |
|
l |
2,23 |
3,65 |
1,95 |
|
Average stock waiting period |
dd |
|
l |
130,89 |
179,71 |
87,08 |
|
Credits to clients average term |
dd |
|
l |
228,99 |
235,00 |
104,47 |
|
Debts to suppliers average term |
dd |
|
l |
4,14 |
22,86 |
112,50 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 2,19 |
- 2,46 |
- 1,91 |
|
Labour cost incidence |
% |
|
l |
7,11 |
8,99 |
15,17 |
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)
MARKET / TERRITORY DATA
|
Population living in the province |
: |
429.080 |
|
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 597 significant companies.
The companies cash their credits on an average of 104 dd.
The average duration of suppliers debts is about 112 dd.
The sector's profitability is on an average of 1,95%.
The labour cost affects the turnover in the measure of 15,17%.
Goods are held in stock in a range of 87 dd.
The difference between the sales volume and the resources used to
realize it is about 1,19.
The employees costs represent the 15,15% 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 2.105.
The insolvency index for the region is 0,63, while for the province it
is 0,50.
Total Bankrupt companies in the province : 1.755.
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%)