MIRA
INFORM REPORT
|
Report Date : |
7th
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
PRESMA S.P.A. |
|
|
|
|
Registered Office : |
Via Delle Industrie, 8/10 Torba 21040 -
Gornate-Olona (VA) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
20/10/1967 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Manufacturing
and installation of machines for plastics processing. |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
395.900
- Eur |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Company Name & Address
PRESMA
S.p.A.
Via Delle Industrie, 8/10 Torba
21040 - Gornate-Olona (VA) -IT-
SUMMARY
Fiscal Code : 00222350126
Legal Form : Joint stock company
Start of Activities : 20/10/1967
Patrimonial Consistence : Over 2.500.000 Eur
Turnover Range : 9.000.000/10.000.000 Eur
Number of Employees : from 51 to 70
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
395.900 - Eur |
|
Score |
: |
4. Risk normal |
|
Creditworthness Rate |
: |
85% (Good) |
|
|
|
Under the financial aspect a certain balance is reported which leads |
|
|
|
to a credit with a very limited risk. |
|
|
|
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 machines for plastics processing.
LEGAL DATA
Legal
Form :
Joint stock company
Fiscal
Code :
00222350126
Foreign
Trade Reg. no. :
VA000441 since 25/11/1991
Foreign
Trade Reg. no. :
441 of Varese since 25/11/1991
Chamber
of Commerce no. :
107134 of Varese since 06/11/1967
Firms'
Register :
VA133-5247 since 19/02/1996
Court :
5247 of Varese
Foundation Date : 20/10/1967
Establishment Date : 20/10/1967
Start of Activities : 20/10/1967
Legal Duration Date : 31/12/2050
Nominal Capital : 300.000 Eur
Subscribed Capital : 300.000 Eur
Paid up Capital : 300.000 Eur
MEMBERS
|
Canziani |
Giannino |
|
Born in Gornate-Olona |
on 08/12/1927 |
- Fiscal Code : CNZGNN27T08L208E |
|
Residence : |
Via |
Leoncavallo |
, 14 |
- 21049 |
Tradate |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
13/07/2004 |
|
|
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.
Canziani
|
Giannino Company Style |
Legal Seat |
Fiscal Code |
Position |
Firm Status |
|
olonia Plastic S.r.l. - In LiquidazionE |
Gornate-Olona (VA) - IT - |
00394410120 |
Liquidator |
Ceased |
|
alteco Di Giannino Canziani E C.- S.a.s. |
Malnate (VA) - IT - |
00672690120 |
General Partner |
Ceased |
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 |
|
Canziani Enzo |
Tradate - IT - |
CNZNZE54H16L319P |
50.000
.Eur |
16,66
|
|
Canziani Giorgio |
Tradate - IT - |
CNZGRG58C23L319G |
37.778
.Eur |
12,59
|
|
Canziani Franco |
Tradate - IT - |
CNZFNC58A22L319H |
50.000
.Eur |
16,66
|
|
CANZIANI LUCIA |
Tradate - IT - |
CNZLCU61P65L319Z |
36.667
.Eur |
12,22
|
|
CANZIANI MARIA CRISTINA |
Tradate - IT - |
CNZMCR55M43L319G |
36.667
.Eur |
12,22
|
|
CANZIANI ENRICA |
Tradate - IT - |
CNZNRC66H54L319A |
50.000
.Eur |
16,66
|
|
Canziani Giannino |
Tradate - IT - |
CNZGNN27T08L208E |
36.667
.Eur |
12,22
|
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
|
O.M.R. ENGINEERING - S.R.L. |
Gornate-Olona - IT - |
01546760123 |
10.329
.Eur |
100,00
|
STRUCTURE AND COMPANY ACTIVITY
In order
to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
(Factory ) |
in : |
|
|
|
|
|
Via |
Delle Industrie |
, 8/10 Loc. Torba |
- 21040 - |
Gornate-Olona |
(VA) |
- IT - |
|
|
|
|
PHONE |
: 0331/811611 |
|
|
|
|
PHONE |
: 0331/811000 |
|
|
|
|
Employees |
: 57 |
|
|
|
|
Assistants |
: 1 |
|
|
|
|
Fittings and Equipment |
for
a value of 449.000 |
Eur |
|
|
|
|
Stocks |
for
a value of 2.286.000 |
Eur |
|
|
|
|
Furniture and fittings |
for
a value of 43.898 |
Eur |
|
|
|
|
Vehicles |
for
a value of 85.215 |
Eur |
Trade
organization: direct or by agents.
The
subject works in Italy and abroad
The
company 's mainly customers are companies.
Export
represents more than 50% of the global turnover.
Products
abroad are placed by :
|
- its own sales net-work |
|
- its own agents |
|
- its own foreign branches |
|
- direct orders from foreign companies |
Import
comes generally from the following nations:
|
- Francia |
|
- Germania |
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 |
12/12/1979 |
|
Ex-Members / Ex-Positions |
|
Canziani |
Giannino |
|
Born in Gornate-Olona |
on 08/12/1927 |
- Fiscal Code : CNZGNN27T08E104I |
|
Residence : |
Via |
Leoncavallo |
, 14 |
- 21049 |
Tradate |
(VA) |
- IT - |
|
Position |
|
Chairman |
|
Sole Director |
|
Canziani |
Carlo |
|
Born in Tradate |
on 19/04/1948 |
- Fiscal Code : CNZCRL48D19L319S |
|
Residence : |
Via |
B. Brin |
- 21049 |
Tradate |
(VA) |
- IT - |
|
Position |
|
Managing Director |
|
Canziani |
Enzo |
|
Born in Tradate |
on 16/06/1954 |
- Fiscal Code : CNZNZE54H16L319P |
|
Residence : |
Via |
Della Stria |
- 21049 |
Tradate |
(VA) |
- IT - |
|
Position |
|
Managing Director |
|
Canziani |
Giorgio |
|
Born in Tradate |
on 23/03/1958 |
- Fiscal Code : CNZGRG58C23L319G |
|
Residence : |
Via |
Leoncavallo |
, 14 |
- 21049 |
Tradate |
(VA) |
- IT - |
|
Position |
|
Managing Director |
|
Canziani |
Franco |
|
Born in Tradate |
on 22/01/1958 |
- Fiscal Code : CNZFNC58A22L319H |
|
Residence : |
Via |
Brin |
, 4 |
- 21049 |
Tradate |
(VA) |
- IT - |
|
Position |
|
Managing Director |
|
Canziani |
Luciano |
|
Born in Gornate-Olona |
on 08/12/1927 |
- Fiscal Code : CNZLCN27T08E104Y |
|
Position |
|
Sole Director |
|
Avantaggiato |
Antonio |
|
Born in CORIGLIANO D'OTRANTO |
on 22/02/1942 |
- Fiscal Code : VNTNTN42B22D006K |
|
Residence : |
Via |
PONTE SEVESO |
, 40 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Sacchetti |
Ferruccio |
|
Born in Missaglia |
on 15/11/1958 |
- Fiscal Code : SCCFRC58S15B943K |
|
Residence : |
Via |
Dei Cacciatori |
, 18 |
- 22067 |
Missaglia |
(LC) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Tonolini |
Alessandro |
|
Born in Varese |
on 11/03/1967 |
- Fiscal Code : TNLLSN67C11L682E |
|
Residence : |
Via |
Maspero |
, 5 |
- 21100 |
Varese |
(VA) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Former seats |
|
- |
Branch |
(Factory ) |
since 29/03/1979 |
until 01/03/1988 |
|
|
|
|
|
Via |
Varese |
- 21046 |
- Malnate |
(VA) |
- IT - |
|
. |
|
The firm absorbed by merging of |
|
O.M.R. ENGINEERING - S.R.L. |
|
Via |
DELLE INDUSTRIE |
, 21040 |
, Gornate-Olona |
(VA) |
- IT - |
|
Fiscal Code: 01546760123 |
|
Date |
: |
26/11/1998 |
|
Project of merging by taking over of |
|
O.M.R. ENGINEERING - S.R.L. |
|
Via |
DELLE INDUSTRIE |
, 21040 |
, Gornate-Olona |
(VA) |
- IT - |
|
Fiscal Code: 01546760123 |
|
Date |
Merging/Splitting-up Project : |
23/06/1998 |
PAYMENTS ANALYSIS
The
average term of debts to suppliers is shorter than the sector one.
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.
IMMOVABLES *
*No
specific (mortgage/cadastrial registrations) inspections have been requested.
|
Immovable Type |
Value |
|
Real estates |
402.874
.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 1967
Under an
economic point of view, profits were registered during the last years with a
r.o.e. of 0,9% in 2005 with a stable trend in the turnover.
The
operating result in 2005 was positive (1,09%) and reflects the field's average.
The
company has an excellent net worth if compared to its debts, with a low
indebtedness (0,4) but slighlty increasing.
Financial
debts exposure is under control while the recourse to commercial credit is
rather frequent anyway better than the field's average.
It shows
a good range of liquidity.
FINANCIAL DATA
|
Complete balance-sheet for the year as at
|
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
9.213.968 |
filed balance sheet |
|
Profit (Loss) for the period |
34.658 |
filed balance sheet |
|
Complete balance-sheet for the year as at
|
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
9.855.709 |
filed balance sheet |
|
Profit (Loss) for the period |
157.447 |
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 ) |
|
|
1.255.334 |
738.050 |
|
. Intangible assets |
|
|
26.457 |
28.935 |
|
. Tangible fixed assets |
|
|
986.600 |
560.052 |
|
. . Land and buildings |
|
|
402.874 |
217.550 |
|
. . Plants, Equipm.and Machinery |
|
|
449.154 |
234.047 |
|
. Long-term Investments |
|
|
242.277 |
149.063 |
|
. . Financial loans |
|
|
242.277 |
149.063 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
6.208.013 |
7.996.674 |
|
. Stock |
|
|
2.285.879 |
3.038.119 |
|
. Credits |
|
|
2.813.223 |
2.595.059 |
|
. . Credits to clients |
|
|
2.324.210 |
2.347.028 |
|
. . Other credits |
|
|
489.013 |
248.031 |
|
. Short-term financial assets |
|
|
223.403 |
304.946 |
|
. Liquid assets |
|
|
885.508 |
2.058.550 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
97.787 |
115.123 |
|
TOTAL ASSETS |
|
|
7.561.134 |
8.849.847 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
3.840.308 |
4.495.649 |
|
. Company's capital |
|
|
300.000 |
300.000 |
|
. Reserves |
|
|
1.762.778 |
2.295.330 |
|
. Reserves company's own shares |
|
|
38.734 |
38.734 |
|
. Retained profits (losses) |
|
|
1.704.138 |
1.704.138 |
|
. Profit (loss) |
|
|
34.658 |
157.447 |
|
PROVISION CHARGES ACCOUNTS |
|
|
7.606 |
5.726 |
|
STAFF TERM INDEMNITY |
|
|
796.665 |
732.229 |
|
DEBTS |
|
|
2.876.720 |
3.579.149 |
|
. Financial M/L terms |
|
|
420.714 |
300.000 |
|
. . Financial M/L term banks |
|
|
420.714 |
300.000 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
160.286 |
|
|
. . Financial short-term banks |
|
|
160.286 |
|
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
1.418.948 |
1.784.164 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
876.772 |
1.494.985 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
39.835 |
37.094 |
|
TOTAL LIABILITIES |
|
|
7.561.134 |
8.849.847 |
|
. |
|
|
|
|
PROFIT AND LOSS ACCOUNTS
|
OUTPUT VALUE |
8.694.738 |
9.840.956 |
|
. Revenues from sales/services |
9.213.968 |
9.855.709 |
|
. Change of stock (products) |
-665.181 |
-119.462 |
|
OPERATING EXPENSES |
8.612.181 |
9.403.509 |
|
. Purchasing expenses |
4.017.246 |
4.792.439 |
|
. Change of stock (raw material) |
87.058 |
-83.941 |
|
. Expenses from services |
1.505.769 |
1.782.578 |
|
. Expenses from leasing |
140.978 |
129.378 |
|
. General expenses/sundry charges |
203.262 |
134.358 |
|
. Staff expenses |
2.481.112 |
2.398.330 |
|
. Depreciation/Devaluation costs |
176.756 |
250.367 |
|
FINANCIAL REVENUES (CHARGES) |
13.272 |
20.246 |
|
. Financial charges |
-19.160 |
-22.767 |
|
. Financial revenues |
32.432 |
43.013 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
EXTRAORDINARY FINANCIAL REVENUES
(CHARGES) |
154.031 |
2.120 |
|
PROFIT (LOSS) FOR THE PERIOD |
249.860 |
459.813 |
|
TAX |
215.202 |
302.366 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
NET PROFIT (LOSS) |
34.658 |
157.447 |
RATIOS
|
|
Item |
O.V. |
O.V. |
as
at 31/12/2005 |
as
at 31/12/2004 |
Sector
Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
4,02 |
7,48 |
1,95 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
0,40 |
0,27 |
3,26 |
|
Current ratio |
Units |
=> 1 |
l |
2,52 |
2,43 |
1,24 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
1,59 |
1,51 |
0,90 |
|
Return on Sales |
% |
|
l |
2,29 |
4,13 |
3,29 |
|
Average stock waiting period |
dd |
|
l |
89,28 |
110,95 |
60,38 |
|
Credits to clients average term |
dd |
|
l |
90,79 |
85,71 |
123,38 |
|
Debts to suppliers average term |
dd |
|
l |
90,18 |
95,79 |
160,00 |
|
Net financial revenues/ charges incidence |
% |
|
l |
0,14 |
0,20 |
-
0,92 |
|
Labour cost incidence |
% |
|
l |
26,92 |
24,33 |
20,45 |
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 85%, in respect of a sector average of 51%.
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:
395.900 .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 |
: |
843.250 |
|
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 1.219 significant companies.
The
companies cash their credits on an average of 123 dd.
The
average duration of suppliers debts is about 160 dd.
The
sector's profitability is on an average of 3,29%.
The
labour cost affects the turnover in the measure of 20,45%.
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 1,22.
The
employees costs represent the 21,13% 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
4.597.
The
insolvency index for the region is 0,55, while for the province it is 0,55.
Total
Bankrupt companies in the province : 3.052.
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 |
|