MIRA
INFORM REPORT
|
Report Date : |
1st February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
MARZOLI S.P.A. |
|
|
|
|
Registered Office : |
Via S. Alberto, 2, 25036 - Palazzolo sull'Oglio (BS)-IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
30/06/1989 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Ø
Manufacturing and installation of textile machines and their
accessories. Ø
Manufacturing of auxiliary machines and equipment for textile
fibres processing. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
365.100 - Eur |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Company Name & Address
Marzoli S.p.a.
Via S. Alberto, 2
25036 - Palazzolo sull'Oglio (BS) -IT-
SUMMARY
Fiscal Code : 01957420167
Legal Form : Joint stock company
Start of Activities : 27/12/1990
Patrimonial Consistence : Over 2.500.000 Eur
Turnover Range : 50.000.000/75.000.000 Eur
Number of Employees : from 251 to 500
CREDIT ANALYSIS
CREDIT OPINION : 365.100 - Eur
Score : 3. Risk medium
Creditworthness Rate : 35% (Modest)
The
financial situation is not very balanced-Credit is possible but
following
the future developments.
N.B.: The
Creditworthness Rate shows, in percentage, the ratio between the suggested
credit opinion and the credit amount that the firm could get if the financial
situation would be completely positive.
ACTIVITY
Manufacturing and installation of textile machines and their
accessories.
Manufacturing of auxiliary machines and equipment for textile
fibres processing.
LEGAL DATA
Legal Form :
Joint stock company
Fiscal Code :
01957420167
Foreign Trade Reg. no. :
BS007978 since 11/12/1991
Chamber of Commerce no. :
329299 of Brescia since 21/02/1991
Firms' Register :
BS-1999-1702 since 15/01/1999
V.A.T. Code :
02028430987
Foundation Date : 30/06/1989
Establishment Date : 30/06/1989
Start of Activities : 27/12/1990
Legal Duration Date : 31/12/2030
Nominal Capital : 15.493.707 Eur
Subscribed Capital : 15.493.707 Eur
Paid up Capital : 15.493.707 Eur
MEMBERS
PKF ITALIA S.P.A.
- Fiscal Code : 04553780158
Via Conservatorio , 15 - 20100 Milano (MI)- IT -
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Auditing company |
21/07/2004 |
|
|
No Protests registered.
Camozzi Attilio Mario
Born in Villongo on 11/05/1937 - Fiscal Code : CMZTLM37E11M045Z
Residence : Via Tito Speri , 9 - 25065 Lumezzane
(BS)- IT -
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
25/06/2004 |
|
|
|
Assistant board
Chairman |
|
|
|
|
Managing Director |
25/06/2004 |
|
|
|
Board Chairman |
25/06/2004 |
|
|
No Protests registered.
Camozzi Lodovico
Born in Brescia on 08/06/1967 - Fiscal Code :
CMZLVC67H08B157O
Residence : Corso Palestro , 4 - 25100 Brescia
(BS)- IT -
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
25/06/2004 |
|
|
|
Managing Director |
25/06/2004 |
|
|
No Protests registered.
Bertolotti Alessandro
Born in Milano on 14/01/1936 - Fiscal Code :
BRTLSN36A14F205K
Residence : Via Savonarola , 4 - 20100 Milano
(MI)- IT -
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special
power |
|
|
|
Camozzi Giovanni
Born in Lumezzane on 05/02/1939 - Fiscal Code :
CMZGNN39B05E738V
Residence : Via Vittorio Veneto , 73 - 25065
Lumezzane (BS)- IT -
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
25/06/2004 |
|
|
|
Managing Director |
25/06/2004 |
|
|
No Protests registered.
Logica Flavio
Born in Verona on 07/05/1953 - Fiscal Code :
LGCFLV53E07L781T
Residence : Via I Maggio , 13 - 25080 Manerba
del Garda (BS)- IT -
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special
power |
11/05/2000 |
|
|
No Protests registered.
Cipani Mario
Born in Gardone Riviera on 15/02/1948 - Fiscal Code :
CPNMRA48B15D917D
Residence : Via Fasano Sopra , 3/A - 25083
Gardone Riviera (BS)- IT -
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special
power |
04/03/1999 |
|
|
No Protests registered.
Camozzi Marco
Born in Brescia on 23/06/1970 - Fiscal Code :
CMZMRC70H23B157Y
Residence : Corso Palestro , 4 - 25100 Brescia
(BS)- IT -
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
25/06/2004 |
|
|
No Protests registered.
Camozzi Giovanni
Born in Lumezzane on 29/09/1967 - Fiscal Code :
CMZGNN67P29E738O
Residence : Via Verginella , 14/C - 25065
Lumezzane (BS)- IT -
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
25/06/2004 |
|
|
No Protests registered.
Camozzi Ettore
Born in Brescia on 02/06/1968 - Fiscal Code :
CMZTTR68H02E738W
Residence : Corso Palestro , 4 - 25100 Brescia
(BS)- IT -
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
25/06/2004 |
|
|
No Protests registered.
Marella Silvano
Born in Palazzolo sull'Oglio on 24/12/1953 - Fiscal Code : MRLSVN53T24G264R
Residence : Villaggio Morosini , 20 - 24060
Castelli Calepio (BG) - IT -
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special
power |
18/10/2000 |
|
|
No Protests registered.
Locatelli Claudio
Born in Capriolo on 12/05/1950 - Fiscal Code :
LCTCLD50E12B711Y
Residence : Via Vittorio Emanuele , 55- 25031 Capriolo (BS) - IT -
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special
power |
11/10/2002 |
|
|
No Protests registered.
Bertolotti Alessandro
Born in Milano on 14/01/1936 - Fiscal Code :
BRTLSN36A14F205K
Residence : Via Fra G. Savonarola , 4 - 20100
Milano (MI)- IT -
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special
power |
15/07/2005 |
|
|
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.
Camozzi
|
Attilio Mario Company Style |
Legal
Seat |
Fiscal
Code |
Position |
Firm
Status |
|
Plastibenaco S.r.l. |
Muscoline (BS) - IT - |
00839190170 |
Director |
Registered |
|
Camozzi S.r.l. . |
Lumezzane (BS) - IT - |
00300280179 |
Managing Director |
Ceased |
|
Camozzi Automatic Srl
|
Polpenazze del Garda
(BS) - IT - |
00610870172 |
Sole Director |
Ceased |
|
Camozzi Holding
S.p.a. |
Brescia (BS) - IT - |
02106930171 |
Director |
Ceased |
|
Camozzi Service Srl |
Brescia (BS) - IT - |
02940250174 |
Chairman |
Ceased |
|
Camozzi Pneumatic -
S.p.a. |
Polpenazze del Garda
(BS) - IT - |
01492580178 |
Sole Director |
Ceased |
|
vouk S.p.a. Officine
Meccanotessili SoCieta' Unipersonale |
Gorizia (GO) - IT - |
00133320317 |
Director |
Ceased |
|
Campress S.r.l. |
Paderno Franciacorta
(BS) - IT - |
00633930177 |
Director |
Registered |
|
Camozzi Raccordi -
S.p.a. |
Lumezzane (BS) - IT - |
02866590173 |
Managing Director |
Ceased |
|
Camozzi Union Spa |
Brescia (BS) - IT - |
02901350179 |
Chairman |
Ceased |
|
C.a.f. S.r.l. Ad
Unico Socio |
Milano (MI) - IT - |
03013680172 |
Chairman |
Ceased |
|
camozzi S.p.a.
Societa' Unipersonale |
Brescia (BS) - IT - |
03207930177 |
Director |
Registered |
|
Camozzi Engineering
Srl |
Milano (MI) - IT - |
10709380157 |
Managing Director |
Ceased |
|
Agenzia Per Le
Relazioni Economiche InduStriali E Commerciali Con La Cina S.r.l |
Milano (MI) - IT - |
07736980157 |
Director |
Registered |
|
Camozzi Holding
S.p.a. Societa' UnipersoNale |
Brescia (BS) - IT - |
03519280170 |
Director |
Registered |
|
Zabello S.r.l. |
Brescia (BS) - IT - |
02825460179 |
Managing Director |
Ceased |
|
Duomo Previdenza
S.p.a. |
Milano (MI) - IT - |
03068700230 |
Director |
Registered |
|
Ansaldo-camozzi
Energy Special ComponentS S.p.a. |
Milano (MI) - IT - |
13271710157 |
Director |
Registered |
|
Lombarda Vita
Societa' Per Azioni |
Brescia (BS) - IT - |
03571340177 |
Director |
Registered |
|
Finca - S.p.a. |
Brescia (BS) - IT - |
01253030173 |
Chairman |
Ceased |
|
S.a.g. Sistemi
Automatici Gestionali Di Pracek Renzo E C. S.n.c. |
Brescia (BS) - IT - |
01624800171 |
Partner |
Ceased |
|
C.a.f.i.m. S.r.l. |
Brescia (BS) - IT - |
03051170177 |
Chairman |
Ceased |
|
Bresciafidi S.p.a. |
Sarnico (BG) - IT - |
02094860174 |
Chairman |
Ceased |
Camozzi
|
Lodovico Company Style |
Legal
Seat |
Fiscal
Code |
Position |
Firm
Status |
|
Plastibenaco S.r.l. |
Muscoline (BS) - IT - |
00839190170 |
Director |
Registered |
|
Camozzi Holding
S.p.a. |
Brescia (BS) - IT - |
02106930171 |
Director |
Ceased |
|
Camozzi Pneumatic -
S.p.a. |
Polpenazze del Garda
(BS) - IT - |
01492580178 |
Procurator |
Ceased |
|
vouk S.p.a. Officine
Meccanotessili SoCieta' Unipersonale |
Gorizia (GO) - IT - |
00133320317 |
Director |
Ceased |
|
Campress S.r.l. |
Paderno Franciacorta
(BS) - IT - |
00633930177 |
Director |
Registered |
|
Camozzi Raccordi -
S.p.a. |
Lumezzane (BS) - IT - |
02866590173 |
Procurator |
Ceased |
|
Camozzi Union Spa |
Brescia (BS) - IT - |
02901350179 |
Procurator |
Ceased |
|
Onion S.p.a. |
Brescia (BS) - IT - |
03265510176 |
Director |
Registered |
|
C.a.f. S.r.l. Ad
Unico Socio |
Milano (MI) - IT - |
03013680172 |
Director |
Ceased |
|
Innse-berardi S.p.a. |
Brescia (BS) - IT - |
03191990179 |
Director |
Registered |
|
camozzi S.p.a.
Societa' Unipersonale |
Brescia (BS) - IT - |
03207930177 |
Director |
Registered |
|
Innse Berardi S.p.a. |
Brescia (BS) - IT - |
03377850171 |
Director |
Ceased |
|
Camozzi Holding
S.p.a. Societa' UnipersoNale |
Brescia (BS) - IT - |
03519280170 |
Director |
Registered |
|
Zabello S.r.l. |
Brescia (BS) - IT - |
02825460179 |
Director |
Ceased |
|
Ansaldo-camozzi
Energy Special ComponentS S.p.a. |
Milano (MI) - IT - |
13271710157 |
Director |
Registered |
|
Innse Macchine
Utensili S.p.a. |
Brescia (BS) - IT - |
03411690179 |
Director |
Ceased |
|
C.r.c. - Centro
Ricerche Camozzi Societa' A Responsabilita' Limitata, In Sigla C |
Bari (BA) - IT - |
05951650729 |
Director |
Registered |
|
Consorzio Actec |
Genova (GE) - IT - |
01515320990 |
Director |
Registered |
|
Camozzi Machine Tools
Societa' Per AzionI, In Sigla Camozzi Machine Tools S.p.a. |
Brescia (BS) - IT - |
02514170980 |
Sole Director |
Registered |
Bertolotti
|
Alessandro Company Style |
Legal
Seat |
Fiscal
Code |
Position |
Firm
Status |
|
Recordget S.r.l. |
Prato Sesia (NO) - IT
- |
00843190505 |
Director |
Ceased |
|
Leglerdenim S.p.a. |
Capriate San Gervasio
(BG) - IT - |
00615060167 |
Chairman |
Ceased |
|
Splendor S.p.a. |
Argelato (BO) - IT - |
00277680377 |
Chairman |
Ceased |
|
Iside S.r.l. |
Abano Terme (PD) - IT
- |
01813530282 |
Director |
Ceased |
|
flexa S.p.a. |
Venegono Superiore
(VA) - IT - |
01575780125 |
Director |
Ceased |
|
Union Technology
S.p.a. |
Collegno (TO) - IT - |
05178300017 |
Director |
Bankrupt |
|
Tenute E Case
Vinicole Italiane Malgra' Villa Baglio S.p.a. Siglabile malg |
Mombaruzzo (AT) - IT
- |
00140610056 |
Director |
Registered |
|
Giochi E Giocattoli
S.p.a. |
Torino (TO) - IT - |
04339360481 |
Director |
Liquidated |
|
Alfatherm Finanziaria
Spa |
Milano (MI) - IT - |
00854930153 |
Director |
Ceased |
|
Nibbio S.p.a. |
Milano (MI) - IT - |
03158180152 |
Director |
Ceased |
|
Super Union S.r.l. |
Cesano Boscone (MI) -
IT - |
10724850150 |
Director |
Bankrupt |
|
Ofmeco Officine
Meccaniche Costruzione COmponenti S.p.a. E In Forma Abbr |
Marmirolo (MN) - IT - |
01648270203 |
Permanent Auditor |
Registered |
|
Gig Distribuzione
S.p.a. |
Torino (TO) - IT - |
07140680013 |
Director |
Liquidated |
|
Industrie Vamatex
S.r.l. |
Milano (MI) - IT - |
10006130156 |
Director |
Ceased |
|
Fratelli Marzoli E C.
S.p.a. |
Palazzolo sull'Oglio
(BS) - IT - |
00299000174 |
Director |
Ceased |
|
Nuova Alfatherm
S.p.a. |
Milano (MI) - IT - |
03702860960 |
Director |
Ceased |
Camozzi
|
Giovanni Company Style |
Legal
Seat |
Fiscal
Code |
Position |
Firm
Status |
|
Plastibenaco S.r.l. |
Muscoline (BS) - IT - |
00839190170 |
Director |
Registered |
|
Camozzi Holding
S.p.a. |
Brescia (BS) - IT - |
02106930171 |
Director |
Ceased |
|
Camozzi Service Srl |
Brescia (BS) - IT - |
02940250174 |
Managing Director |
Ceased |
|
vouk S.p.a. Officine
Meccanotessili SoCieta' Unipersonale |
Gorizia (GO) - IT - |
00133320317 |
Director |
Ceased |
|
Societa' Stima S.p.a.
|
Argelato (BO) - IT - |
00584320378 |
Director |
Registered |
|
Campress S.r.l. |
Paderno Franciacorta
(BS) - IT - |
00633930177 |
Director |
Registered |
|
Camozzi Raccordi -
S.p.a. |
Lumezzane (BS) - IT - |
02866590173 |
Managing Director |
Ceased |
|
Camozzi Union Spa |
Brescia (BS) - IT - |
02901350179 |
Director |
Ceased |
|
A.c. Lumezzane Spa |
Lumezzane (BS) - IT - |
00728020983 |
Director |
Registered |
|
Innse-berardi S.p.a. |
Brescia (BS) - IT - |
03191990179 |
Director |
Registered |
|
camozzi S.p.a.
Societa' Unipersonale |
Brescia (BS) - IT - |
03207930177 |
Director |
Registered |
|
Innse Berardi S.p.a. |
Brescia (BS) - IT - |
03377850171 |
Director |
Ceased |
|
Camozzi Engineering
Srl |
Milano (MI) - IT - |
10709380157 |
Director |
Ceased |
|
Camozzi Holding
S.p.a. Societa' UnipersoNale |
Brescia (BS) - IT - |
03519280170 |
Director |
Registered |
|
Ansaldo-camozzi
Energy Special ComponentS S.p.a. |
Milano (MI) - IT - |
13271710157 |
Director |
Registered |
|
Finca - S.p.a. |
Brescia (BS) - IT - |
01253030173 |
Managing Director |
Ceased |
|
C.a.f.i.m. S.r.l. |
Brescia (BS) - IT - |
03051170177 |
Managing Director |
Ceased |
|
Camozzi Giovanni
Geromino |
Lumezzane (BS) - IT - |
CMZGNN39B05E738V |
Proprietor |
Ceased |
Logica
|
Flavio Company Style |
Legal
Seat |
Fiscal
Code |
Position |
Firm
Status |
|
Sali Fabio Societa' A
Responsabilita' LiMitata |
Calenzano (FI) - IT - |
03663040487 |
Attorney with special
power |
Ceased |
|
Innse-berardi S.p.a. |
Brescia (BS) - IT - |
03191990179 |
Attorney with special
power |
Registered |
|
camozzi S.p.a.
Societa' Unipersonale |
Brescia (BS) - IT - |
03207930177 |
Attorney with special
power |
Registered |
|
Innse Berardi S.p.a. |
Brescia (BS) - IT - |
03377850171 |
Attorney with special
power |
Ceased |
|
Newton Officine
Meccanotessili S.r.l. |
Monfalcone (GO) - IT
- |
12427200154 |
Director |
Registered |
|
Ansaldo-camozzi
Energy Special ComponentS S.p.a. |
Milano (MI) - IT - |
13271710157 |
Attorney with special
power |
Registered |
|
Rst - Retrofitting
Service Textile S.p.a. |
Palazzolo sull'Oglio
(BS) - IT - |
02174260980 |
Director |
Registered |
Cipani
|
Mario Company Style |
Legal
Seat |
Fiscal
Code |
Position |
Firm
Status |
|
vouk S.p.a. Officine
Meccanotessili SoCieta' Unipersonale |
Gorizia (GO) - IT - |
00133320317 |
Attorney with special
power |
Ceased |
|
Innse-berardi S.p.a. |
Brescia (BS) - IT - |
03191990179 |
Attorney with special
power |
Registered |
|
Innse Berardi S.p.a. |
Brescia (BS) - IT - |
03377850171 |
Attorney with special
power |
Ceased |
|
Newton Officine
Meccanotessili S.r.l. |
Monfalcone (GO) - IT
- |
12427200154 |
Attorney with special
power |
Registered |
|
Ansaldo-camozzi
Energy Special ComponentS S.p.a. |
Milano (MI) - IT - |
13271710157 |
Attorney with special
power |
Registered |
|
Rst - Retrofitting
Service Textile S.p.a. |
Palazzolo sull'Oglio
(BS) - IT - |
02174260980 |
Attorney with special
power |
Registered |
Marella
|
Silvano Company Style |
Legal
Seat |
Fiscal
Code |
Position |
Firm
Status |
|
Rst - Retrofitting
Service Textile S.p.a. |
Palazzolo sull'Oglio
(BS) - IT - |
02174260980 |
Director |
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 |
|
Camozzi Holding
S.p.a. |
Brescia - IT - |
02106930171 |
5.229.126 .Eur |
33,74 |
|
FINECOGROUP S.P.A. O
IN FORMA ABBREVIATA FINECO S.P.A. |
Milano - IT - |
01386760175 |
2.324.056 .Eur |
14,99 |
|
EUROPEAN TRUST
SOCIETA' FIDUCIARIA PER AZIONI IN FORMA ABBREVIATAEUROPEAN TRUST |
Brescia - IT - |
07575380584 |
7.940.525 .Eur |
51,25 |
DIRECT PARTICIPATIONS
|
Company
Style |
Legal
Seat |
Fiscal
Code |
Owned
Shares |
% of
Ownership |
|
vouk S.p.a. Officine
Meccanotessili SoCieta' Unipersonale |
Gorizia - IT - |
00133320317 |
3.119.564 .Eur |
99,99 |
|
E.C.F. S.R.L. |
Milano - IT - |
01419510068 |
51.645 .Eur |
14,16 |
|
INNOFIL S.C.R.L. |
|
11528450155 |
1.187 .Eur |
11,11 |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
- Legal and operative seat since 25/11/1998 in :
Via S. Alberto , 2 -
25036 - Palazzolo sull'Oglio (BS)- IT -
PHONE : 030/73091
- Branch (Warehouse )since 01/06/2002 in :
Via Lamarmora , 185 -
25100 - Brescia (BS)- IT -
Employees : 297
Fittings and Equipment
for a value of 5.652.500 Eur
Stocks for a value of
32.948.500 Eur
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Changes to the legal form |
|
Former
legal form |
New
legal form |
Changement
Date |
|
Joint stock company |
Limited liability
company |
10/02/1993 |
|
Limited liability
company |
Joint stock company |
30/06/1993 |
|
Company Style modifications |
|
Former
Style |
New
Style |
Changement
Date |
|
Fratelli Marzoli E C.
SpA |
Fratelli Marzoli E C.
Srl |
10/02/1993 |
|
Fratelli Marzoli E C.
Srl |
F.lli Marzoli E C.
SpA |
30/06/1993 |
Former seats
- Branch (Factory )since 08/02/1992 until 25/11/1998
Via S. Alberto - 25036
- Palazzolo sull'Oglio (BS) - IT -
The firm absorbed by merging of
INDUSTRIE MECCANOTESSILI MARZOLI S.R.L.
Via Matris Domini , 8 , 24100 , Bergamo (BG)- IT
-
Date : 23/06/1993
PAYMENTS ANALYSIS
The average term of debts to suplliers is normal compared with
that
of the sector.
PAYMENTS SCORE : ZZZZZ - 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 |
|
CREDITO BERGAMASCO |
AGENZIA LOCALE |
|
|
|
3336 |
|
|
BANCA SAN PAOLO DI
BRESCIA |
AGENZIA LOCALE |
|
|
|
3376 |
|
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have
been requested.
|
Immovable
Type |
Value |
|
Real estates |
20.531.227 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL AND ECONOMICAL ANALYSIS
The company is active since 1990
During the last years, it recorded positive net results (r.o.e.
1,04% in 2005)
The return on investment in the last financial year was negative
(-2,86%).
The financial position is not well balanced as the volume of debts
is fairly remarkable if compared to shareholder's equity, in fact total debts
are 6,13 falling if compared to 2004.
Financial debts as well as debts to suppliers are rather high
however still within the sector's average.
Liquidity is not excellent.
FINANCIAL DATA
Complete balance-sheet for the year as at 31/12/2005 (in Eur x 1 )
|
Item
Type |
Amount |
Source |
|
Sales |
51.771.347 |
filed balance sheet |
|
Profit (Loss) for the
period |
111.289 |
filed balance sheet |
Complete balance-sheet for the year as at 31/12/2004 (in Eur x 1 )
|
Item
Type |
Amount |
Source |
|
Sales |
66.631.343 |
filed balance sheet |
|
Profit (Loss) for the
period |
20.239 |
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 ) |
30.734.740 |
31.535.365 |
|
. Intangible assets |
6.608.992 |
7.557.143 |
|
. Tangible fixed
assets |
6.573.770 |
6.586.051 |
|
. . Land and
buildings |
|
|
|
. . Plants,
Equipm.and Machinery |
5.652.690 |
6.482.147 |
|
. Long-term
Investments |
17.551.978 |
17.392.171 |
|
. . Financial loans |
17.551.978 |
17.392.171 |
|
. . Own shares |
|
|
|
CURRENT ASSETS |
55.728.584 |
68.901.554 |
|
. Stock |
32.948.463 |
32.935.479 |
|
. Credits |
20.769.397 |
34.370.343 |
|
. . Credits to
clients |
13.358.855 |
22.019.955 |
|
. . Other credits |
7.410.542 |
12.350.388 |
|
. Short-term
financial assets |
|
|
|
. Liquid assets |
2.010.724 |
1.595.732 |
|
ACCRUED
INCOME-DEFERR. ASSETS |
492.490 |
952.111 |
|
TOTAL ASSETS |
86.955.814 |
101.389.030 |
|
. |
|
|
|
LIABILITIES |
|
|
|
NET WORTH |
10.684.529 |
10.573.240 |
|
. Company's capital |
15.493.707 |
15.493.707 |
|
. Reserves |
118.178 |
97.939 |
|
. Reserves company's
own shares |
|
|
|
. Retained profits
(losses) |
-5.038.645 |
-5.038.645 |
|
. Profit (loss) |
111.289 |
20.239 |
|
PROVISION CHARGES
ACCOUNTS |
|
|
|
STAFF TERM INDEMNITY |
5.877.581 |
6.114.342 |
|
DEBTS |
70.155.984 |
83.125.428 |
|
. Financial M/L terms |
2.611.392 |
3.605.717 |
|
. . Financial M/L
term banks |
|
|
|
. . Financial M/L
bonds |
|
|
|
. . Other financial
M/L debts |
2.611.392 |
3.605.717 |
|
. Financial
short-term debts |
43.256.594 |
47.992.958 |
|
. . Financial
short-term banks |
40.384.414 |
40.148.843 |
|
. . Financial
short-term bonds |
|
|
|
. . Other financial
short-term debts |
2.872.180 |
7.844.115 |
|
. M/L term debts to
suppliers |
|
|
|
. Short-term debts to
suppliers |
18.698.542 |
26.901.785 |
|
. Sundry M/L debts |
|
150.000 |
|
. Sundry short-term
debts |
5.589.456 |
4.474.968 |
|
ACCRUED COSTS DEFERR.
LIABILITIES |
237.720 |
1.576.020 |
|
TOTAL LIABILITIES |
86.955.814 |
101.389.030 |
PROFIT AND LOSS ACCOUNTS
|
OUTPUT VALUE |
60.036.337 |
65.983.561 |
|
. Revenues from
sales/services |
51.771.347 |
66.631.343 |
|
. Change of stock
(products) |
2.709.664 |
-4.979.265 |
|
OPERATING EXPENSES |
62.529.379 |
68.518.253 |
|
. Purchasing expenses |
30.948.247 |
38.212.511 |
|
. Change of stock
(raw material) |
-71.153 |
-270.359 |
|
. Expenses from
services |
14.448.005 |
12.684.607 |
|
. Expenses from
leasing |
2.156.894 |
1.924.417 |
|
. General
expenses/sundry charges |
121.016 |
172.270 |
|
. Staff expenses |
11.401.089 |
12.845.630 |
|
.
Depreciation/Devaluation costs |
3.525.281 |
2.949.177 |
|
FINANCIAL REVENUES
(CHARGES) |
-1.818.293 |
-2.352.812 |
|
. Financial charges |
-2.318.056 |
-3.644.044 |
|
. Financial revenues |
499.763 |
1.291.232 |
|
FINANCIAL ASSETS
CORRECTION |
|
-31.000 |
|
EXTRAORDINARY
FINANCIAL REVENUES (CHARGES) |
4.595.818 |
5.382.713 |
|
PROFIT (LOSS) FOR THE
PERIOD |
284.483 |
464.209 |
|
TAX |
173.194 |
443.970 |
|
CORRECT./ALLOCAT.
FISCAL RULE |
|
|
|
NET PROFIT (LOSS) |
111.289 |
20.239 |
RATIOS
|
|
Item |
O.V. |
O.V. |
as at 31/12/2005 |
as at 31/12/2004 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
0,62 |
0,64 |
1,87 |
|
Net Short-term
indebtedness |
Units |
- 1 |
l |
6,13 |
7,35 |
2,44 |
|
Current ratio |
Units |
=> 1 |
l |
0,82 |
0,86 |
1,31 |
|
Acid Test
Ratio-Liquidity Ratio |
Units' |
=> 1 |
l |
0,33 |
0,45 |
0,90 |
|
Return on Sales |
% |
|
l |
7,02 |
4,45 |
1,98 |
|
Average stock waiting
period |
dd |
|
l |
229,10 |
177,91 |
80,33 |
|
Credits to clients
average term |
dd |
|
l |
92,88 |
118,94 |
125,20 |
|
Debts to suppliers
average term |
dd |
|
l |
141,55 |
183,31 |
150,00 |
|
Net financial
revenues/ charges incidence |
% |
|
l |
- 3,51 |
- 3,53 |
- 1,10 |
|
Labour cost incidence |
% |
|
l |
22,02 |
19,27 |
24,69 |
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 35%, 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:
365.100 .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.
SOURCES
- Our historical data
- Public Administration
- Reporters
- Newspapers
- Users
- Statistics Bodies
- Financial Project Editions
N.B.: Data from the Public Administration present in the
report are updated since the last available edition.
MARKET / TERRITORY DATA
Population living in the province : 1.169.259
Population living in the region : 9.393.092
Number of families in the region : 3.858.736
Monthly family expences 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 219 significant companies.
The companies cash their credits on an average of 125 dd.
The average duration of suppliers debts is about 150 dd.
The sector's profitability is on an average of 1,98%.
The labour cost affects the turnover in the measure of 24,69%.
Goods are held in stock in a range of 80 dd.
The difference between the sales volume and the resources used to realize
it is about 1,10.
The employees costs represent the 24,15% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 50.886 protested subjects are found; in the province
they count to 5.551.
The insolvency index for the region is 0,55, while for the
province it is 0,48.
Total Bankrupt companies in the province : 3.452.
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 |
|