MIRA
INFORM REPORT
|
Report Date : |
17.01.2007 |
IDENTIFICATION DETAILS
|
Name : |
J.d.o. S.r.l. |
|
|
|
|
Registered Office : |
Via Paganini Nicolo', 15 00100
– Roma (RM) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
16/05/2000 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
Production
of precious metals and of semi-finished products. Production
of jewellery and cheap jewellery; gems cutting. Wholesale
of watches, clocks and jewellery. Retail
of jewellery, gold and silverware. |
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 : |
75.400 - Eur |
|
|
|
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Usually
correct |
|
|
|
|
Litigation : |
Clear |
name & address
J.d.o.
S.r.l.
Via Paganini Nicolo', 15
00100 - Roma (RM) -IT-
SUMMARY
|
Legal
Form |
: |
Limited
liability company |
|
Start
of Activities |
: |
16/05/2000 |
|
Patrimonial
Consistence |
: |
Over
2.500.000 Eur |
|
|
: |
15.500.000/18.000.000
Eur |
|
Number
of Employees |
: |
from
11 to 15 |
CREDIT ANALYSIS
|
CREDIT
OPINION |
: |
75.400
- Eur |
ACTIVITY
Production
of precious metals and of semi-finished products.
Production
of jewellery and cheap jewellery; gems cutting.
Wholesale
of watches, clocks and jewellery.
Retail
of jewellery, gold and silverware.
LEGAL DATA
Legal
Form : Limited liability company
|
Fiscal
Code : 06102471007 |
|
Chamber
of Commerce no. : 112176 of Imperia since 22/09/2000 |
|
Chamber
of Commerce no. : 949243 of Roma since 26/06/2000 |
|
Firms'
Register : RM-2000-148475 since 26/06/2000 |
|
V.A.T.
Code : 06102471007 |
|
Foundation
Date |
:
16/05/2000 |
|
|
Establishment
Date |
:
16/05/2000 |
|
|
Start
of Activities |
:
16/05/2000 |
|
|
Legal
Duration Date |
:
31/12/2050 |
|
|
Nominal
Capital |
: 93.600 |
Eur |
|
Subscribed
Capital |
: 93.600 |
Eur |
|
Paid
up Capital |
: 93.600 |
Eur |
MEMBERS
|
Peirano
|
Rinaldo
|
|
Born
in Pieve di Teco |
on
12/03/1964 |
-
Fiscal Code : PRNRLD64C12G632T |
|
Residence
: |
Via |
Chiapparo
|
, 2 |
-
18020 |
Pornassio
|
(IM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole
Director |
19/07/2000 |
|
|
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 |
|
Rubino
Olga |
Diano
Castello - IT - |
RBNLGO63L50C495A |
14.040 .Eur |
15,00 |
|
Peirano
Rinaldo |
Pornassio
- IT - |
PRNRLD64C12G632T |
4.680 .Eur |
5,00 |
|
Folacin
Gestao Comercio E Investimentos Lda |
|
|
28.080 .Eur |
30,00 |
|
MURABITO
UGO |
Diano
Castello - IT - |
MRBGUO57M20I480I |
46.800 .Eur |
50,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
|
DNA
S.R.L. |
|
|
16.000 .Eur |
20,00 |
STRUCTURE AND COMPANY
ACTIVITY
In order
to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
|
in : |
|
|
|
|
|
Via |
Paganini
Nicolo' |
, 15 |
-
00100 - |
Roma |
(RM) |
- IT - |
|
|
|
|
PHONE |
:
0183/409070 |
|
- |
Branch
|
(Workshop
) |
since
05/09/2000 |
in : |
|
|
|
|
|
Via |
Diano
San Pietro |
, 58 |
-
18010 - |
Diano
Castello |
(IM) |
- IT - |
|
- |
Branch
|
(Warehouse
) |
since
05/09/2000 |
in : |
|
|
|
|
|
Via |
All'isola
|
, 1 |
-
18013 - |
Diano
Marina |
(IM) |
- IT - |
|
- |
Branch
|
(office
) |
since
10/10/2000 |
in : |
|
|
|
|
|
Via |
Saponiera
|
, 17 |
-
18013 - |
Diano
Marina |
(IM) |
- IT - |
|
|
|
|
Employees
|
: 15 |
|
|
|
|
Fittings
and Equipment |
for a value of 134.000 |
Eur |
|
|
|
|
Stocks
|
for a value of 11.084.500 |
Eur |
The firm
has a direct commercial organization
Business
are addressed to
Import
comes generally from the following nations:
|
-
Francia |
|
- |
HISTORICAL
INFORMATION AND/OR FIRM'S STATUS
|
Ex-Members / Ex-Positions |
|
MURABITO
|
UGO
|
|
Born
in |
on
20/08/1957 |
-
Fiscal Code : MRBGUO57M20I480I |
|
Residence
: |
-
18010 |
Diano
Castello |
(IM) |
- IT - |
|
Position |
|
Buying
Director |
PAYMENTS ANALYSIS
The
average term of debts to suppliers is higher 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. 2 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 |
AGENZIA
LOCALE |
|
|
|
5608 |
|
|
BANCA
CARIGE S.P.A. - CASSA DI RISPARMIO |
AGENZIA
LOCALE |
|
|
|
6175 |
|
IMMOVABLES *
*No
specific (mortgage/cadastrial registrations) inspections have been requested.
None
reported in the name of the Firm.
FINANCIAL AND
ECONOMICAL ANALYSIS
Subject
is active since 2000
Under an
economic point of view, profits were registered during the last years with a
r.o.e. of 1,12% in 2005
The
return on Investment in the last financial year was positive (4,38%) and in
line with the sector's average.
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 6,19
which is also improving if compared to the previous year.
Both
financial indebtedness as well as exposure to suppliers are rated as fairly
high even in comparison with the sector's.
Liquid
assets are good.
FINANCIAL DATA
|
Complete
balance-sheet for the year as at |
31/12/2005 |
(in
Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
17.546.099 |
filed
balance sheet |
|
Profit
(Loss) for the period |
34.425 |
filed
balance sheet |
|
Complete
balance-sheet for the year as at |
31/12/2004 |
(in
Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
20.256.746 |
filed
balance sheet |
|
Profit
(Loss) for the period |
1.103.842 |
filed
balance sheet |
|
Complete
balance-sheet for the year as at |
31/12/2003 |
(in
Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
22.216.426 |
filed
balance sheet |
|
Profit
(Loss) for the period |
125.499 |
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 ) |
|
|
1.582.572 |
676.158 |
|
.
Intangible assets |
|
|
1.001.482 |
274.455 |
|
.
Tangible fixed assets |
|
|
532.090 |
401.703 |
|
. .
Land and buildings |
|
|
|
|
|
. .
Plants, Equipm.and Machinery |
|
|
134.172 |
131.085 |
|
.
Long-term Investments |
|
|
49.000 |
|
|
. .
Financial loans |
|
|
49.000 |
|
|
. .
Own shares |
|
|
|
|
|
CURRENT
ASSETS |
|
|
21.881.847 |
21.057.392 |
|
.
Stock |
|
|
11.084.430 |
9.743.947 |
|
.
Credits |
|
|
10.639.595 |
10.408.221 |
|
. .
Credits to clients |
|
|
10.499.811 |
10.170.012 |
|
. .
Other credits |
|
|
139.784 |
238.209 |
|
.
Short-term financial assets |
|
|
|
|
|
.
Liquid assets |
|
|
157.822 |
905.224 |
|
ACCRUED
INCOME-DEFERR. ASSETS |
|
|
175.073 |
45.902 |
|
TOTAL
ASSETS |
|
|
23.639.492 |
21.779.452 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET
WORTH |
|
|
3.060.799 |
3.494.921 |
|
.
Company's capital |
|
|
93.600 |
93.600 |
|
.
Reserves |
|
|
2.279.142 |
1.965.192 |
|
.
Reserves company's own shares |
|
|
|
|
|
.
Retained profits (losses) |
|
|
653.632 |
332.287 |
|
.
Profit (loss) |
|
|
34.425 |
1.103.842 |
|
PROVISION
CHARGES ACCOUNTS |
|
|
1.007.410 |
1.170.948 |
|
STAFF
TERM INDEMNITY |
|
|
104.210 |
92.822 |
|
DEBTS |
|
|
19.429.226 |
16.965.505 |
|
.
Financial M/L terms |
|
|
321.528 |
289.228 |
|
. .
Financial M/L term banks |
|
|
|
|
|
. .
Financial M/L bonds |
|
|
|
|
|
. .
Other financial M/L debts |
|
|
321.528 |
289.228 |
|
.
Financial short-term debts |
|
|
9.173.234 |
6.595.232 |
|
. .
Financial short-term banks |
|
|
9.135.734 |
6.592.667 |
|
. .
Financial short-term bonds |
|
|
|
|
|
. .
Other financial short-term debts |
|
|
37.500 |
2.565 |
|
. M/L
term debts to suppliers |
|
|
|
|
|
.
Short-term debts to suppliers |
|
|
9.261.401 |
9.740.821 |
|
.
Sundry M/L debts |
|
|
|
|
|
.
Sundry short-term debts |
|
|
673.063 |
340.224 |
|
ACCRUED
COSTS DEFERR. LIABILITIES |
|
|
37.847 |
55.256 |
|
TOTAL
LIABILITIES |
|
|
23.639.492 |
21.779.452 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
OUTPUT
VALUE |
|
|
19.414.677 |
22.984.701 |
|
.
Revenues from sales/services |
|
|
17.546.099 |
20.256.746 |
|
.
Change of stock (products) |
|
|
789.856 |
2.506.454 |
|
OPERATING
EXPENSES |
|
|
18.379.208 |
22.481.160 |
|
.
Purchasing expenses |
|
|
13.294.141 |
16.416.603 |
|
.
Change of stock (raw material) |
|
|
-550.627 |
-956.407 |
|
.
Expenses from services |
|
|
4.338.407 |
5.490.772 |
|
.
Expenses from leasing |
|
|
137.689 |
106.903 |
|
.
General expenses/sundry charges |
|
|
110.813 |
540.772 |
|
.
Staff expenses |
|
|
502.230 |
473.361 |
|
.
Depreciation/Devaluation costs |
|
|
546.555 |
409.156 |
|
FINANCIAL
REVENUES (CHARGES) |
|
|
-772.143 |
362.409 |
|
.
Financial charges |
|
|
-772.143 |
|
|
.
Financial revenues |
|
|
|
362.409 |
|
FINANCIAL
ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY
FINANCIAL REVENUES (CHARGES) |
|
|
-98.920 |
463.140 |
|
PROFIT
(LOSS) FOR THE PERIOD |
|
|
164.406 |
1.329.090 |
|
TAX |
|
|
129.981 |
225.248 |
|
CORRECT./ALLOCAT.
FISCAL RULE |
|
|
|
|
|
NET
PROFIT (LOSS) |
|
|
34.425 |
1.103.842 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2005 |
as at 31/12/2004 |
Sector Average |
|
Fixed
assets ratio |
Units |
=>
1 |
l |
2,20 |
5,73 |
2,05 |
|
Net
Short-term indebtedness |
Units |
- 1 |
l |
6,19 |
4,51 |
3,85 |
|
Current
ratio |
Units |
=>
1 |
l |
1,14 |
1,26 |
1,18 |
|
Acid
Test Ratio-Liquidity Ratio |
Units' |
=>
1 |
l |
0,56 |
0,67 |
0,49 |
|
Return
on Sales |
% |
|
l |
3,31 |
7,46 |
2,45 |
|
Average
stock waiting period |
dd |
|
l |
227,41 |
173,16 |
108,07 |
|
Credits
to clients average term |
dd |
|
l |
215,42 |
180,72 |
43,30 |
|
Debts
to suppliers average term |
dd |
|
l |
187,59 |
159,26 |
154,77 |
|
Net
financial revenues/ charges incidence |
% |
|
l |
- 4,40 |
1,78 |
- 1,09 |
|
Labour
cost incidence |
% |
|
l |
2,86 |
2,33 |
8,19 |
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;
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 29%, in respect of a sector average of 27%.
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:
75.400 .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.
MARKET / TERRITORY
DATA
|
Population
living in the province |
: |
3.807.992 |
|
Population
living in the region |
: |
5.269.972 |
|
Number
of families in the region |
: |
2.091.220 |
Monthly
family expenses average in the region (in Eur.) :
|
- per
food products |
: |
472 |
|
- per
non food products |
: |
1.832 |
|
- per
energy consume |
: |
102 |
SECTOR DATA
The
values are calculated on a base of 811 significant companies.
The
companies cash their credits on an average of 43 dd.
The
average duration of suppliers debts is about 154 dd.
The
sector's profitability is on an average of 2,45%.
The
labour cost affects the turnover in the measure of 8,19%.
Goods
are held in stock in a range of 108 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,31.
The
employees costs represent the 8,28% 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 53.924 protested subjects are found; in the province they count to
34.465.
The
insolvency index for the region is 1,04, while for the province it is 0,92.
Total
Bankrupt companies in the province : 31.914.
Total
Bankrupt companies in the region : 37.442.
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 |
|