MIRA
INFORM REPORT
|
Report Date : |
06.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
Sarong Societa'
Per Azioni Abbreviabile In Sarong Spa |
|
|
|
|
Registered Office : |
Via Colombo, 18, 42046 -
Reggiolo (RE) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
10/05/1990 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and installation of machines for plastics processing. Production of plastic products. |
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 |
|
Maximum Credit Limit : |
423.000 - Eur |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Sarong Societa' Per Azioni Abbreviabile In Sarong Spa
Via
Colombo, 18
42046 -
Reggiolo (RE) -IT-
SUMMARY
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
10/05/1990 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
15.500.000/18.000.000 Eur |
|
Number of Employees |
: |
from 71 to 90 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
423.000 - Eur |
|
Score |
: |
Risk normal |
ACTIVITY
Manufacturing and installation of machines for plastics processing.
Production of plastic products.
LEGAL DATA
Legal Form : Joint stock company
|
Fiscal Code : 01500450364 |
|
Foreign Trade Reg. no. : RE012984 since 07/12/1991 |
|
Foreign Trade Reg. no. : 012984 of Reggio Emilia since 07/12/1991 |
|
Foreign Trade Reg. no. : M685914 of Reggio Emilia since 11/07/1990 |
|
Chamber of Commerce no. : 184340 of Reggio Emilia since 21/05/1990 |
|
Firms' Register : RE033-20013 since 19/02/1996 |
|
Court : 20013 of Reggio Emilia since 19/05/1990 |
|
Foundation Date |
: 13/06/1983 |
|
|
Establishment Date |
: 13/06/1983 |
|
|
Start of Activities |
: 10/05/1990 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 468.000 |
Eur |
|
Subscribed Capital |
: 468.000 |
Eur |
|
Paid up Capital |
: 468.000 |
Eur |
MEMBERS
|
Bongulielmi |
Reto |
|
Born in Brusio Canton Grigioni |
on 18/01/1941 |
|
Residence : |
Via Toveda |
, 2 |
Roveredo Canton Grigioni |
- CH - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
10/10/2006 |
|
|
No Protests registered.
|
Bartoli |
Andrea |
|
Born in Firenze |
(FI) |
on 15/04/1964 |
- Fiscal Code : BRTNDR64D15D612C |
|
Residence : |
Via |
A. Dumas |
, 3 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
10/10/2006 |
|
|
|
Assistant board Chairman |
10/10/2006 |
|
|
No Protests registered.
|
Bartoli |
Alberto |
|
Born in Firenze |
(FI) |
on 28/09/1965 |
- Fiscal Code : BRTLRT65P28D612H |
|
Residence : |
Via |
San Francesco |
, 6/2 |
- 42020 |
Quattro Castella |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
10/10/2006 |
|
|
|
Assistant board Chairman |
10/10/2006 |
|
|
No Protests registered.
|
Sanibondi |
Elio |
|
Born in Neviano degli Arduini |
(PR) |
on 21/12/1945 |
- Fiscal Code : SNBLEI45T21F882Q |
|
Residence : |
Via |
Danimarca |
, 27 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
10/10/2006 |
|
|
|
Attorney with special power |
27/03/2002 |
|
|
|
Board Chairman |
10/10/2006 |
|
|
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.
|
BARTOLI |
ANDREA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
ABAFOODS S.R.L. |
Badia Polesine (RO) - IT - |
00978660298 |
Director |
Dismiss |
Registered |
|
CMAI- COSTRUZIONI MACCHINE ASETTICHE
INDUSTRIALI SOCIETA' A RESPONSABILITA' |
Reggiolo (RE) - IT - |
01564850350 |
Director |
Active |
Registered |
|
CMAI- COSTRUZIONI MACCHINE ASETTICHE
INDUSTRIALI SOCIETA' A RESPONSABILITA' |
Reggiolo (RE) - IT - |
01564850350 |
Board Chairman |
Active |
Registered |
|
COMPAGNIA PER LA GESTIONE DI SERVIZI ALLE IMPRESE
S.R.L. ABBREVIABILE IN |
Reggio Emilia (RE) - IT - |
01566660351 |
Vice-Chairman |
Active |
Registered |
|
COMPAGNIA PER LA GESTIONE DI SERVIZI ALLE
IMPRESE S.R.L. ABBREVIABILE IN |
Reggio Emilia (RE) - IT - |
01566660351 |
Director |
Active |
Registered |
|
PACK-PIU' SDF DI BARTOLI E MINGHETTI |
Reggio Emilia (RE) - IT - |
01559710353 |
Partner |
- |
Ceased |
|
VIAZZA S.R.L. |
Modena (MO) - IT - |
02245130360 |
Sole Director |
- |
Ceased |
|
BARTOLI |
ALBERTO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
ABAFOODS S.R.L. |
Badia Polesine (RO) - IT - |
00978660298 |
Director |
Dismiss |
Registered |
|
C.M.A.I. IMPIANTI S.R.L. |
Reggio Emilia (RE) - IT - |
01852280351 |
Director |
Active |
Registered |
|
CMAI- COSTRUZIONI MACCHINE ASETTICHE
INDUSTRIALI SOCIETA' A RESPONSABILITA' |
Reggiolo (RE) - IT - |
01564850350 |
Director |
Active |
Registered |
|
CMAI- COSTRUZIONI MACCHINE ASETTICHE
INDUSTRIALI SOCIETA' A RESPONSABILITA' |
Reggiolo (RE) - IT - |
01564850350 |
Assistant board Chairman |
Active |
Registered |
The indication "REGISTERED" as Firm Status could refer 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 |
|
Sarong Societa' Per Azioni Abbreviabile In Sarong Spa |
Reggiolo - IT - |
01500450364 |
46.800 .Eur |
10,00 |
|
Packfin Limited |
|
|
280.800 .Eur |
60,00 |
|
Shierwood Holdings Limited |
|
|
140.400 .Eur |
30,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Sarong Societa' Per Azioni Abbreviabile In Sarong Spa |
Reggiolo - IT - |
01500450364 |
46.800 .Eur |
10,00 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
(Factory ) |
since 10/05/1990 |
in : |
|
|
|
|
|
Via |
Colombo |
, 18 |
- 42046 - |
Reggiolo |
(RE) |
- IT - |
|
|
|
|
PHONE |
: 0522/212511 |
|
|
|
|
PHONE |
: 0522/973127 |
|
|
|
|
PHONE |
: 0522/973340 |
|
- |
Branch |
(Operating branch ) |
since 20/09/2007 |
in : |
|
|
|
|
|
Via |
Ferravilla |
, 19/C |
- 42100 - |
Reggio Emilia |
(RE) |
- IT - |
|
|
|
|
Employees |
: 90 |
|
|
|
|
Fittings and Equipment |
for a value of
1.562.500 |
Eur |
|
|
|
|
Stocks |
for a value of
5.966.000 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
HISTORICAL INFORMATION AND/OR
FIRM'S
STATUS
|
Company Style
modifications |
|
Former Style |
New Style |
Changement Date |
|
RO.PA SpA |
|
31/05/1990 |
|
Ex-Members /
Ex-Positions |
|
Esposito |
Mario |
|
Born in Reggio Emilia |
on 08/12/1938 |
- Fiscal Code : SPSMRA38T08H223Y |
|
Residence : |
Via |
Umberto I |
, 20/00 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Veronesi |
Mario Mino |
|
Born in Mirandola |
on 20/09/1932 |
- Fiscal Code : VRNMMN32P20F240Q |
|
Residence : |
Via |
Fulvia |
, 35 |
- 41037 |
Mirandola |
(MO) |
- IT - |
|
Position |
|
Chairman |
|
Pantaleoni |
Romano |
|
Born in Carpi |
on 26/07/1940 |
- Fiscal Code : PNTRMN40L26B819U |
|
Residence : |
Via |
- 41012 |
Carpi |
(MO) |
- IT - |
|
Position |
|
Managing Director |
|
Freddi |
Antonio |
|
Born in REGGIOLO |
on 06/07/1934 |
- Fiscal Code : FRDNTN34L06H225E |
|
Residence : |
Viale |
DON P. BORGHI |
, 20 |
- 42046 |
Reggiolo |
(RE) |
- IT - |
|
Position |
|
Managing Director |
|
Vaccari Sienes |
|
|
Born in Mirandola |
on 20/06/1952 |
|
Position |
|
Sole Director |
|
Bartoli Vivaldo |
|
|
Born in REGGIO EMILIA |
on 26/10/1935 |
- Fiscal Code : BRTVLD35R26H223N |
|
Residence : |
Via |
MONTE GAIO |
, 3 |
- 42020 |
Quattro Castella |
(RE) |
- IT - |
|
Position |
|
Director |
|
Managing Director |
|
Board Chairman |
|
Bongulielmi |
Reto |
|
Born in Brusio Canton Grigioni |
on 18/01/1941 |
|
Residence : |
Via Toveda |
, 2 |
Roveredo Canton Grigioni |
- CH - |
|
Position |
|
Director |
|
Bartoli |
Andrea |
|
Born in Firenze |
on 15/04/1964 |
- Fiscal Code : BRTNDR64D15D612C |
|
Residence : |
Via |
A. Dumas |
, 3 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
|
Managing Director |
|
Bartoli |
Alberto |
|
Born in Firenze |
on 28/09/1965 |
- Fiscal Code : BRTLRT65P28D612H |
|
Residence : |
Via |
San Francesco |
, 6/2 |
- 42020 |
Quattro Castella |
(RE) |
- IT - |
|
Position |
|
Managing Director |
|
STEINHAUSEN |
ALMUT INGE |
|
Born in REHBURG |
on 02/05/1957 |
- Fiscal Code : STNLTN57E42Z112C |
|
Residence : |
Via |
MATILDICA |
, 5 |
- 42020 |
Quattro Castella |
(RE) |
- IT - |
|
Position |
|
Director |
PAYMENTS ANALYSIS
The average term of debts to suppliers is shorter 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.
BANKERS
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BIPOP - CARIRE SPA |
|
|
|
|
5437 |
0 |
|
CREDITO EMILIANO SPA |
|
|
|
|
3032 |
0 |
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
1.689.185 .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 is active since 1990
Unstable economic results mark the company's financial state of affairs.
with a profit (r.o.e. 2,03%) in the last financial year Upward trend as to the
turnover in the last financial year (+17,97%).
The return on Investment in the last financial year was positive (3,87%)
falling within the field's average.
The financial status of the company is fairly balanced with an indebtedness
level of 1,54 and decreasing as against 2005.
The company does not exceed in bank credits; payments average period is
instead slightly high (112,21 gg.) even if it is lower than the sector's
average.
It shows a good range of liquidity.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
17.867.186 |
filed balance sheet |
|
Profit (Loss) for the period |
110.835 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
15.144.757 |
filed balance sheet |
|
Profit (Loss) for the period |
88.105 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
14.005.142 |
filed balance sheet |
|
Profit (Loss) for the period |
-95.246 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2003 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
14.053.383 |
filed balance sheet |
|
Profit (Loss) for the period |
30.873 |
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 ) |
|
|
5.675.724 |
5.726.841 |
|
. Intangible assets |
|
|
482.546 |
889.660 |
|
. Tangible fixed assets |
|
|
3.380.668 |
3.550.006 |
|
. . Land and buildings |
|
|
1.689.185 |
1.768.467 |
|
. . Plants, Equipm.and Machinery |
|
|
1.562.254 |
1.651.445 |
|
. Long-term Investments |
|
|
1.812.510 |
1.287.175 |
|
. . Financial loans |
|
|
93.510 |
98.175 |
|
. . Own shares |
|
|
530.000 |
|
|
CURRENT ASSETS |
|
|
14.043.603 |
12.352.241 |
|
. Stock |
|
|
5.965.868 |
5.510.469 |
|
. Credits |
|
|
6.392.613 |
5.250.344 |
|
. . Credits to clients |
|
|
6.089.152 |
5.041.064 |
|
. . Other credits |
|
|
303.461 |
209.280 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
1.685.122 |
1.591.428 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
98.127 |
66.979 |
|
TOTAL ASSETS |
|
|
19.817.454 |
18.146.061 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
5.457.018 |
5.346.182 |
|
. Company's capital |
|
|
468.000 |
468.000 |
|
. Reserves |
|
|
922.934 |
1.364.828 |
|
. Reserves company's own shares |
|
|
530.000 |
|
|
. Retained profits (losses) |
|
|
3.425.249 |
3.425.249 |
|
. Profit (loss) |
|
|
110.835 |
88.105 |
|
PROVISION CHARGES ACCOUNTS |
|
|
91.882 |
31.419 |
|
STAFF TERM INDEMNITY |
|
|
1.412.145 |
1.387.433 |
|
DEBTS |
|
|
12.829.010 |
11.353.160 |
|
. Financial M/L terms |
|
|
2.735.500 |
|
|
. . Financial M/L term banks |
|
|
2.735.500 |
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
4.024.185 |
6.234.576 |
|
. . Financial short-term banks |
|
|
4.024.185 |
6.234.576 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
3.717.994 |
3.151.842 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
2.351.331 |
1.966.742 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
27.399 |
27.867 |
|
TOTAL LIABILITIES |
|
|
19.817.454 |
18.146.061 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
18.198.647 |
15.784.929 |
|
. Revenues from sales/services |
|
|
17.867.186 |
15.144.757 |
|
. Change of stock (products) |
|
|
56.926 |
593.479 |
|
OPERATING EXPENSES |
|
|
17.429.757 |
15.379.817 |
|
. Purchasing expenses |
|
|
7.504.369 |
6.396.836 |
|
. Change of stock (raw material) |
|
|
-426.275 |
-326.684 |
|
. Expenses from services |
|
|
4.227.755 |
2.931.717 |
|
. Expenses from leasing |
|
|
194.393 |
202.070 |
|
. General expenses/sundry charges |
|
|
184.389 |
92.911 |
|
. Staff expenses |
|
|
4.633.743 |
4.752.032 |
|
. Depreciation/Devaluation costs |
|
|
1.111.383 |
1.330.935 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-188.582 |
-68.847 |
|
. Financial charges |
|
|
-289.446 |
-169.211 |
|
. Financial revenues |
|
|
100.864 |
100.364 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
61.598 |
-3.112 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
641.906 |
333.153 |
|
TAX |
|
|
531.071 |
245.048 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
110.835 |
88.105 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
1,69 |
1,17 |
1,33 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
1,54 |
1,82 |
2,77 |
|
Current ratio |
Units |
=> 1 |
l |
1,39 |
1,08 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,80 |
0,60 |
0,88 |
|
Return on Sales |
% |
|
l |
6,84 |
9,36 |
4,30 |
|
Average stock waiting period |
dd |
|
l |
120,20 |
130,96 |
45,01 |
|
Credits to clients average term |
dd |
|
l |
122,68 |
119,80 |
132,22 |
|
Debts to suppliers average term |
dd |
|
l |
112,21 |
119,05 |
148,80 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 1,05 |
- 0,45 |
- 1,12 |
|
Labour cost incidence |
% |
|
l |
25,93 |
31,37 |
16,49 |
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:
423.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
487.003 |
|
Population living in the region |
: |
4.151.369 |
|
Number of families in the region |
: |
1.748.359 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
2.063 |
|
- per energy consume |
: |
143 |
SECTOR DATA
The values are calculated on a base of 2.337 significant companies.
The companies cash their credits on an average of 132 dd.
The average duration of suppliers debts is about 148 dd.
The sector's profitability is on an average of 4,30%.
The labour cost affects the turnover in the measure of 16,49%.
Goods are held in stock in a range of 45 dd.
The difference between the sales volume and the resources used to
realize it is about 1,17.
The employees costs represent the 16,78% 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 18.860 protested subjects are found; in the province they
count to 1.775.
The insolvency index for the region is 0,46, while for the province it
is 0,38.
Total Bankrupt companies in the province : 1.365.
Total Bankrupt companies in the region : 14.698.
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%)