MIRA
INFORM REPORT
|
Report Date : |
20th
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
HEROFLON
S.R.L. |
|
|
|
|
Registered Office : |
Via Alcide De Gasperi, 4, 25060 - Collebeato (BS) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
24/06/1985 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Production
of plastic products. Production
of plastic manufactured articles and accessories for industry. |
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 : |
311.900
- Eur |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
Company Name & Address
|
Heroflon S.r.l. |
|
Via |
Alcide De Gasperi, |
4 |
|
25060 |
- Collebeato |
(BS) |
-IT- |
SUMMARY
|
Fiscal Code |
: |
02042840179 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
15/10/1985 |
|
Patrimonial Consistence |
: |
2.000.000 Eur |
|
Turnover Range |
: |
18.000.000/20.000.000 Eur |
|
Number of Employees |
: |
from
51 to 70 |
CREDIT ANALYSIS
CREDIT OPINION : 311.900 - Eur
Score : 4. Risk normal
Creditworthness Rate : 45% (Sufficient)
Financial situation is not at its best, but credit is possible with
no particular risks.
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
Production
of plastic products.
Production
of plastic manufactured articles and accessories for industry.
LEGAL DATA
Legal
Form :
Limited liability company
Fiscal
Code :
02042840179
Foreign
Trade Reg. no. :
BS005964 since 10/12/1991
Foreign
Trade Reg. no. :
5964 of Brescia since 10/12/1991
Foreign
Trade Reg. no. :
005964 of Brescia since 10/12/1991
Chamber
of Commerce no. :
288474 of Brescia since 29/08/1985
Firms'
Register :
BS029-30794 since 19/02/1996
Court :
30794 of Brescia since 27/08/1985
Foundation Date : 24/06/1985
Establishment Date : 24/06/1985
Start of Activities : 15/10/1985
Legal Duration Date : 31/12/2025
Nominal Capital : 910.000 Eur
Subscribed Capital : 910.000 Eur
Paid up Capital : 910.000 Eur
MEMBERS
|
Locatelli |
Ivonne |
|
Born in Brescia |
on 20/11/1970 |
- Fiscal Code : LCTVNN70S60B157D |
|
Residence : |
Via |
Colle Fiorito |
, 30 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
16/07/2004 |
|
|
|
Managing Director |
16/07/2004 |
|
|
|
Board Chairman |
16/07/2004 |
|
|
No
Protests registered.
|
Olivari |
Orazio |
|
Born in Brescia |
on 23/01/1941 |
- Fiscal Code : LVRRZO41A23B157A |
|
Residence : |
Via |
Solferino |
, 20/C |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
16/07/2004 |
|
|
No
Protests registered.
|
Hoogenboom |
Robertus |
|
Born in Brede |
on 15/04/1947 |
- Fiscal Code : HGNRRT47D15Z126K |
|
Residence : |
Via |
Del Seminario |
, 38 |
- 25087 |
Salo' |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
16/07/2004 |
|
|
No
Protests registered.
|
Eggenter |
Gianpaolo |
|
Born in Brescia |
on 28/02/1964 |
- Fiscal Code : GGNGPL64B28B157U |
|
Via |
Borsi |
, 1 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
04/11/2004 |
|
|
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.
LOCATELLI
|
IVONNE Company Style |
Legal Seat |
Fiscal Code |
Position |
Firm Status |
|
CONSORZIO ENERGIA FRANCIACORTA |
Palazzolo sull'Oglio (BS) - IT - |
02115430981 |
Memb. of the Steering Committee |
Registered |
|
FA LEASING S.R.L. |
Brescia (BS) - IT - |
01578550178 |
Sole Director |
Registered |
|
FLUORIL EUROPA S.R.L. |
Brescia (BS) - IT - |
01558930176 |
Director |
Registered |
|
PREMIATA MANIFATTURA TESSILE S.R.L. |
Milano (MI) - IT - |
01993470176 |
Director |
Bankrupt |
EGGENTER
|
GIANPAOLO Company Style |
Legal Seat |
Fiscal Code |
Position |
Firm Status |
|
BOLLICINE DI EGGENTER GIANPAOLO |
Lumezzane (BS) - IT - |
GGNGPL64B28B157U |
Proprietor |
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 |
|
Locatelli Silvano |
|
LCTSVN41R13D421X |
650.013
.Eur |
71,43
|
|
Hoogenboom Robertus |
Salo' - IT - |
HGNRRT47D15Z126K |
259.987
.Eur |
28,57
|
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
|
CONSORZIO ENERGIA FRANCIACORTA |
Palazzolo sull'Oglio - IT - |
02115430981 |
7.000
.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 |
Alcide De Gasperi |
, 4 |
- 25060 - |
Collebeato |
(BS) |
- IT - |
|
|
|
|
PHONE |
: 030/2510211 |
|
- |
Branch |
(Factory ) |
since 08/06/2005 |
in : |
|
|
|
|
|
Via |
Alcide De Gasperi |
, 2 |
- 25060 - |
Collebeato |
(BS) |
- IT - |
|
|
|
|
Employees |
: 67 |
|
|
|
|
Assistants |
: 3 |
|
|
|
|
Fittings and Equipment |
for
a value of 1.505.500 |
Eur |
|
|
|
|
Stocks |
for
a value of 6.420.500 |
Eur |
The firm
operates abroad as importer / exporter. .
To
purchase foreign products the firm uses the following channels :
- direct
orders to foreign companies
Export
represents from 20% to 50% of the global turnover.
Products
abroad are placed by :
- direct
orders from foreign companies
Import
comes generally from the following nations:
-
Austria
- Belgio
- Gran
Bretagna
-
Islanda
- Francia
Export
is mainly towards:
-
Austria
- Belgio
- Gran
Bretagna
-
Islanda
-
Francia
-
Ungheria
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Ex-Members / Ex-Positions |
|
Locatelli |
Ivonne |
|
Born in Brescia |
on 20/11/1970 |
- Fiscal Code : LCTVNN70S60B157D |
|
Residence : |
Via |
Colle Fiorito |
, 30 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
|
Chairman |
|
Brambilla |
Dario |
|
Born in Brescia |
on 28/11/1954 |
- Fiscal Code : BRMDRA54S28B157P |
|
Residence : |
Vicolo |
Della Vidazze |
, 1 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Gamba |
Pierluigi |
|
Born in Brescia |
on 04/04/1938 |
- Fiscal Code : GMBPLG38D04B157C |
|
Residence : |
Vallone |
Pusteria |
, 27 |
- 25100 |
Brescia |
(BS) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Manessi |
Luigi |
|
Born in Palazzolo Sull'Oglio |
on 11/04/1946 |
- Fiscal Code : MNSLGU46D11G264I |
|
Residence : |
Gavazzino |
, 5 |
- 25036 |
Palazzolo sull'Oglio |
(BS) |
- IT - |
|
Position |
|
Permanent Auditor |
PAYMENTS ANALYSIS
The
average term of debts to suppliers is shorter than the sector
one.
PAYMENTS
SCORE : ZZZZZ - No insolvency
CREDIT REVOLVING
The
subject of inquiry has been monitored by our company:
During
the last 6 Months : n. 1 times.
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 |
|
BANCA POPOLARE DI BRESCIA |
|
|
0 |
|
5437 |
0 |
IMMOVABLES *
*No
specific (mortgage/cadastrial registrations) inspections have been requested.
|
Immovable Type |
Value |
|
Real estates |
3.081.410
.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 1985
During
the last years, it achieved profits (r.o.e. 10,63% on 2005) with a stable trend
in the turnover.
The
operating result was positive in the last financial year (4,82%) and in line
with the sector's average.
The
ratio between debts and total assets is fairly high, as it comes out from the
indebtedness (6,99) which is also improving if compared to the previous year.
Bank
borrowings' volume is slightly high but it modestly dips into suppliers credit,
87,3 gg. is the payments' average time below field's average.
Liquidity
is not at its best.
FINANCIAL DATA
Complete balance-sheet for the year as at 31/12/2005 (in Eur x 1 )
|
Item Type |
Amount |
Source |
|
Sales |
19.494.140 |
filed balance sheet |
|
Profit (Loss) for the period |
204.132 |
filed balance sheet |
Complete balance-sheet for the year as at 31/12/2004 (in Eur x 1 )
|
Item Type |
Amount |
Source |
|
Sales |
18.416.307 |
filed balance sheet |
|
Profit (Loss) for the period |
283.885 |
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 ) |
|
|
4.953.652 |
2.523.309 |
|
. Intangible assets |
|
|
15.032 |
|
|
. Tangible fixed assets |
|
|
4.852.155 |
2.420.860 |
|
. . Land and buildings |
|
|
3.081.410 |
872.869 |
|
. . Plants, Equipm.and Machinery |
|
|
1.505.536 |
1.374.820 |
|
. Long-term Investments |
|
|
86.465 |
102.449 |
|
. . Financial loans |
|
|
86.465 |
102.449 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
11.093.544 |
9.979.638 |
|
. Stock |
|
|
6.420.337 |
5.808.909 |
|
. Credits |
|
|
4.655.945 |
4.097.413 |
|
. . Credits to clients |
|
|
3.726.952 |
3.445.048 |
|
. . Other credits |
|
|
928.993 |
652.365 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
17.262 |
73.316 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
11.320 |
11.933 |
|
TOTAL ASSETS |
|
|
16.058.516 |
12.514.880 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
1.918.783 |
1.964.655 |
|
. Company's capital |
|
|
910.000 |
910.000 |
|
. Reserves |
|
|
804.651 |
770.770 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
204.132 |
283.885 |
|
PROVISION CHARGES ACCOUNTS |
|
|
89.005 |
50.978 |
|
STAFF TERM INDEMNITY |
|
|
527.800 |
465.471 |
|
DEBTS |
|
|
13.430.892 |
9.954.182 |
|
. Financial M/L terms |
|
|
|
3.094.242 |
|
. . Financial M/L term banks |
|
|
|
3.094.242 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
8.490.663 |
2.151.924 |
|
. . Financial short-term banks |
|
|
8.490.663 |
2.151.924 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
3.956.230 |
3.605.049 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
983.999 |
1.102.967 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
92.036 |
79.594 |
|
TOTAL LIABILITIES |
|
|
16.058.516 |
12.514.880 |
|
. |
|
|
|
|
PROFIT AND LOSS ACCOUNTS
|
OUTPUT VALUE |
20.233.508 |
18.700.763 |
|
. Revenues from sales/services |
19.494.140 |
18.416.307 |
|
. Change of stock (products) |
716.528 |
138.695 |
|
OPERATING EXPENSES |
19.458.812 |
17.790.588 |
|
. Purchasing expenses |
12.308.427 |
12.116.199 |
|
. Change of stock (raw material) |
105.100 |
-1.206.716 |
|
. Expenses from services |
3.907.253 |
3.596.370 |
|
. Expenses from leasing |
98.416 |
262.033 |
|
. General expenses/sundry charges |
85.233 |
421.606 |
|
. Staff expenses |
2.171.441 |
2.029.522 |
|
. Depreciation/Devaluation costs |
782.942 |
571.574 |
|
FINANCIAL REVENUES (CHARGES) |
-280.558 |
-230.520 |
|
. Financial charges |
-282.820 |
-235.371 |
|
. Financial revenues |
2.262 |
4.851 |
|
FINANCIAL ASSETS CORRECTION |
93.951 |
|
|
EXTRAORDINARY FINANCIAL REVENUES
(CHARGES) |
-1 |
-23.081 |
|
PROFIT (LOSS) FOR THE PERIOD |
588.088 |
656.574 |
|
TAX |
383.956 |
372.689 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
NET PROFIT (LOSS) |
204.132 |
283.885 |
RATIOS
|
|
Item |
O.V. |
O.V. |
as
at 31/12/2005 |
as
at 31/12/2004 |
Sector
Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
0,49 |
2,18 |
1,32 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
6,99 |
3,45 |
2,83 |
|
Current ratio |
Units |
=> 1 |
l |
0,82 |
1,45 |
1,13 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
l |
0,34 |
0,60 |
0,88 |
|
Return on Sales |
% |
|
l |
5,06 |
4,64 |
4,41 |
|
Average stock waiting period |
dd |
|
l |
118,54 |
113,54 |
43,70 |
|
Credits to clients average term |
dd |
|
l |
68,79 |
67,32 |
128,21 |
|
Debts to suppliers average term |
dd |
|
l |
87,30 |
81,21 |
150,00 |
|
Net financial revenues/ charges incidence |
% |
|
l |
-
1,43 |
-
1,25 |
-
1,12 |
|
Labour cost incidence |
% |
|
l |
11,13 |
11,02 |
16,48 |
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 45%, in respect of a sector average of 56%.
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:
311.900 .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 : 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 2.310 significant companies.
The
companies cash their credits on an average of 128 dd.
The
average duration of suppliers debts is about 150 dd.
The
sector's profitability is on an average of 4,41%.
The
labour cost affects the turnover in the measure of 16,48%.
Goods
are held in stock in a range of 43 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,19.
The
employees costs represent the 16,69% 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 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 |
|