MIRA
INFORM REPORT
|
Report Date : |
20.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
Compagnie
Commerciali Associate S.r.l. |
|
|
|
|
Registered Office : |
Piazza Papa Giovanni Xxiii, 10 24040 - Casirate d'Adda (BG) |
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|
|
|
Country : |
Italy |
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|
Financials (as on) : |
31.12.2005 |
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|
Date of Incorporation : |
08/03/1989 |
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|
|
|
Legal Form : |
Limited Liability Company |
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|
|
Line of Business : |
Wholesale of fertilizers and other farming chemical products. Wholesale of industrial chemical products. Import-export of combustibles, ores and chemical 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 : |
27.900 - Eur |
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|
|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
Compagnie
Commerciali Associate S.r.l.
Piazza
Papa Giovanni Xxiii, 10
24040 -
Casirate d'Adda (BG) -IT-
SUMMARY
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
08/03/1989 |
|
Patrimonial Consistence |
: |
125.000 Eur |
|
Turnover Range |
: |
1.000.000/1.250.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
CREDIT ANALYSIS
CREDIT
OPINION : 27.900 - Eur
ACTIVITY
Wholesale of fertilizers and other farming chemical products.
Wholesale of industrial chemical products.
Import-export of combustibles, ores and chemical products.
LEGAL DATA
Legal Form : Limited liability company
|
Fiscal Code : 06129180151 |
|
Chamber of Commerce no. : 359481 of Bergamo since 19/05/2005 |
|
Chamber of Commerce no. : 1072731 of Milano since 23/06/1981 |
|
Chamber of Commerce no. : 1785690 of Milano |
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Establishment Date |
: 16/04/1981 |
|
|
Start of Activities |
: 08/03/1989 |
|
|
Legal Duration Date |
: 31/12/2100 |
|
|
Nominal Capital |
: 16.640 |
Eur |
|
Subscribed Capital |
: 16.640 |
Eur |
|
Paid up Capital |
: 16.640 |
Eur |
MEMBERS
|
Bonino |
Andrea |
|
Born in Cuneo |
on 27/09/1933 |
- Fiscal Code : BNNNDR33P27D205T |
|
Residence : |
Via |
San Felice 8 Strada |
, 2 |
- 20090 |
Segrate |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
14/11/1985 |
|
|
No Protests registered.
|
Nazzari |
Maria Teresa |
|
Born in Villanterio |
on 19/04/1956 |
- Fiscal Code : NZZMTR56D59L994F |
|
Residence : |
Via |
Lambro |
, 20 |
- 27019 |
Villanterio |
(PV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney General |
03/01/1989 |
|
|
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.
|
BONINO |
|
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 |
|
Bonino Andrea |
Segrate - IT - |
BNNNDR33P27D205T |
7.280 .Eur |
43,75 |
|
Nazzari Maria Teresa |
Villanterio - IT - |
NZZMTR56D59L994F |
9.360 .Eur |
56,25 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
|
Gruppo Mare - S.R.L Ed In Forma Abbreviata G.M. - S.R.L. |
Roma - IT - |
06499420583 |
508 .Eur |
3,30 |
|
Italmaz S.r.l. In Liquidazione |
Casirate d'Adda - IT - |
07143380157 |
6.316 .Eur |
49,00 |
STRUCTURE AND COMPANY
ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Piazza |
Papa Giovanni Xxiii |
, 10 |
- 24040 - |
Casirate d'Adda |
(BG) |
- IT - |
|
- |
Branch |
(Sales office ) |
since 01/02/2002 |
in : |
|
|
|
|
|
Trubnaya Street |
, 12 |
Mosca |
- RU - |
|
- |
Branch |
(Sales office ) |
since 04/07/2005 |
in : |
|
|
|
|
|
Strada |
Anulare Torre |
, 4 Loc. Milano San Felice |
- 20090 - |
Segrate |
(MI) |
- IT - |
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Trading Style: AMPISAS |
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|
|
|
PHONE |
: 02/7533187 |
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|
|
|
Email |
: info@ampisas.it |
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|
|
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Employees |
: 1 |
|
|
|
|
Fittings and Equipment |
for a value of
1.032 |
Eur |
|
|
|
|
Stocks |
for a value of
4.500 |
Eur |
PAYMENTS ANALYSIS
The average term of debts to suppliers is shorter than the sector one.
PAYMENTS SCORE : - 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 |
|
BANCA POPOLARE DI BERGAMO SPA |
|
|
|
|
5428 |
0 |
|
BANCA DI CREDITO COOPERATIVO |
|
|
|
|
8899 |
0 |
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
None reported in the name of the Firm.
FINANCIAL AND
ECONOMICAL ANALYSIS
The company is active since 1989
Under the financial profile unstable results are noted. with a negative
economic result in the last financial year. In the last financial year a drop
in sales has been registered (-28,52%).
A loss is registered as to the operating result (-1,26%).
The analysis shows a fair financial position as the indebtedness volume
is acceptable (2,88) and falling as against the previous year (3,26).
Bank borrowings' volume is slightly high but the recourse to suppliers'
credit is modest below field's average.
Payments are supported by good current assets.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.029.207 |
filed balance sheet |
|
Profit (Loss) for the period |
-9.470 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.439.870 |
filed balance sheet |
|
Profit (Loss) for the period |
5.980 |
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 |
|
|
|
|
. |
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|
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|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
26.043 |
17.153 |
|
. Intangible assets |
|
|
2.001 |
1.031 |
|
. Tangible fixed assets |
|
|
522 |
1.707 |
|
. . Land and buildings |
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|
|
|
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. . Plants, Equipm.and Machinery |
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|
|
|
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. Long-term Investments |
|
|
23.520 |
14.415 |
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. . Financial loans |
|
|
23.520 |
14.415 |
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. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
421.484 |
497.610 |
|
. Stock |
|
|
4.452 |
11.814 |
|
. Credits |
|
|
414.006 |
472.910 |
|
. . Credits to clients |
|
|
244.481 |
472.910 |
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. . Other credits |
|
|
169.525 |
|
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
3.026 |
12.886 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
89.672 |
126.568 |
|
TOTAL ASSETS |
|
|
537.199 |
641.331 |
|
. |
|
|
|
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|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
110.278 |
119.750 |
|
. Company's capital |
|
|
16.640 |
16.640 |
|
. Reserves |
|
|
18.608 |
18.130 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
84.500 |
79.000 |
|
. Profit (loss) |
|
|
-9.470 |
5.980 |
|
PROVISION CHARGES ACCOUNTS |
|
|
|
|
|
STAFF TERM INDEMNITY |
|
|
29.245 |
27.766 |
|
DEBTS |
|
|
337.427 |
442.964 |
|
. Financial M/L terms |
|
|
16.202 |
|
|
. . Financial M/L term banks |
|
|
|
|
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. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
16.202 |
|
|
. Financial short-term debts |
|
|
112.752 |
|
|
. . Financial short-term banks |
|
|
99.172 |
|
|
. . Financial short-term bonds |
|
|
13.580 |
|
|
. . Other financial short-term debts |
|
|
|
|
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. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
105.120 |
|
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
103.353 |
|
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
60.249 |
50.851 |
|
TOTAL LIABILITIES |
|
|
537.199 |
641.331 |
|
. |
|
|
|
|
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PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
1.075.668 |
1.451.189 |
|
. Revenues from sales/services |
|
|
1.029.207 |
1.439.870 |
|
. Change of stock (products) |
|
|
|
|
|
OPERATING EXPENSES |
|
|
1.082.472 |
1.385.964 |
|
. Purchasing expenses |
|
|
716.472 |
988.453 |
|
. Change of stock (raw material) |
|
|
7.362 |
-5.619 |
|
. Expenses from services |
|
|
56.237 |
113.304 |
|
. Expenses from leasing |
|
|
57.973 |
59.607 |
|
. General expenses/sundry charges |
|
|
158.185 |
135.470 |
|
. Staff expenses |
|
|
84.969 |
93.369 |
|
. Depreciation/Devaluation costs |
|
|
1.274 |
1.380 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-28.457 |
-31.976 |
|
. Financial charges |
|
|
-28.603 |
-32.160 |
|
. Financial revenues |
|
|
146 |
184 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
41.472 |
-34 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
6.211 |
33.215 |
|
TAX |
|
|
15.681 |
27.235 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
-9.470 |
5.980 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2005 |
as at 31/12/2004 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
5,97 |
10,88 |
1,97 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
2,88 |
3,26 |
4,14 |
|
Current ratio |
Units |
=> 1 |
l |
1,31 |
1,23 |
1,14 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
1,29 |
1,20 |
0,95 |
|
Return on Sales |
% |
|
l |
- 0,79 |
0,51 |
2,14 |
|
Average stock waiting period |
dd |
|
l |
1,54 |
2,95 |
24,65 |
|
Credits to clients average term |
dd |
|
l |
85,50 |
118,22 |
111,88 |
|
Debts to suppliers average term |
dd |
|
l |
45,54 |
70,00 |
104,86 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 2,76 |
- 2,22 |
- 0,66 |
|
Labour cost incidence |
% |
|
l |
8,25 |
6,48 |
4,63 |
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 68%, in respect of a sector
average of 45%.
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:
27.900 .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.
MARKET / TERRITORY
DATA
|
Population living in the province |
: |
1.022.428 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expenses 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 1.629 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 104 dd.
The sector's profitability is on an average of 2,14%.
The labour cost affects the turnover in the measure of 4,63%.
Goods are held in stock in a range of 24 dd.
The difference between the sales volume and the resources used to
realize it is about 1,75.
The employees costs represent the 4,73% 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 50.886 protested subjects are found; in the province they
count to 4.150.
The insolvency index for the region is 0,55, while for the province it
is 0,41.
Total Bankrupt companies in the province : 4.376.
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 |
|
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%)