MIRA
INFORM REPORT
|
Report Date : |
05.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
Gea Gomma - S.r.l.
|
|
|
|
|
Registered Office : |
Via Milano, 65, 27030
- Castello d'Agogna (PV) -IT- |
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|
Country : |
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|
Financials (as on) : |
31.12.2005 |
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|
Date of Incorporation : |
15/11/1952 |
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|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Production of linoleum and other floor coverings; production of
oil-cloths. Production of rubber articles in general. |
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 : |
74.900 - Eur |
|
|
|
|
Status : |
Excellent |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
Gea Gomma - S.r.l.
Via
Milano, 65
27030 -
Castello d'Agogna (PV) -IT-
SUMMARY
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
15/11/1952 |
|
Patrimonial Consistence |
: |
2.500.000 Eur |
|
|
: |
1.500.000/2.000.000 Eur |
|
Number of Employees |
: |
from 11 to 15 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
74.900 - Eur |
ACTIVITY
Production of linoleum and other floor coverings; production of
oil-cloths.
Production of rubber articles in general
LEGAL DATA
Legal Form : Limited liability company
|
Fiscal Code : 00186170189 |
|
Foreign Trade Reg. no. : PV006623 since 07/01/1992 |
|
Foreign Trade Reg. no. : 006623 of |
|
Chamber of Commerce no. : 70493 of |
|
Firms' Register : PV177-2503 since 19/02/1996 |
|
Foundation Date |
: 15/12/1952 |
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|
Establishment Date |
: 15/12/1952 |
|
|
Start of Activities |
: 15/11/1952 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 624.000 |
Eur |
|
Subscribed Capital |
: 624.000 |
Eur |
|
Paid up Capital |
: 624.000 |
Eur |
MEMBERS
|
Bonomi |
Daniela |
|
Born in Castello d'Agogna |
(PV) |
on 14/03/1951 |
- Fiscal Code : BNMDNL51C54F205R |
|
Residence : |
Via |
Ugo Foscolo |
, 3 |
- 27030 |
Castello d'Agogna |
(PV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
23/04/2001 |
|
|
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.
|
BONOMI DANIELA |
|
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 |
|
Bonomi Daniela |
Castello d'Agogna - IT - |
BNMDNL51C54F205R |
604.500 .Eur |
96,87 |
|
Grivel Paola Pepita |
|
GRVPPP75C46L872H |
6.500 .Eur |
1,04 |
|
Grivel William Paolo |
|
GRVWLM79E02L872G |
6.500 .Eur |
1,04 |
|
Grivel Stefano |
|
GRVSFN81E27L872U |
6.500 .Eur |
1,04 |
DIRECT
PARTICIPATIONS
The Company under review has no participations in other Companies.
STRUCTURE AND
COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
(Factory ) |
since 28/06/1979 |
in : |
|
|
|
|
|
Via |
Milano |
, 65 |
- 27030 - |
Castello d'Agogna |
(PV) |
- IT - |
|
|
|
|
PHONE |
: 0384/56101 |
|
|
|
|
PHONE |
: 0384/56102 |
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|
|
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FAX |
: 0384/56164 |
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|
|
|
Employees |
: 15 |
|
|
|
|
Fittings and Equipment |
for a value of
20.500 |
Eur |
|
|
|
|
Stocks |
for a value of
715.500 |
Eur |
|
|
|
|
Cars |
: 5. |
The firm has a direct commercial organization
The company sells in
The firm operates abroad as importer / exporter.
To purchase foreign products the firm uses the following channels :
|
- distributors |
|
- its own sales net-work |
Export represents from 20% to 50% of the global turnover.
Products abroad are placed by :
|
- national or foreign important buyers |
|
- its own sales net-work |
|
- its own agents |
Import comes generally from the following nations:
|
- Stati Uniti |
|
- |
|
- Francia |
|
- Gran Bretagna |
|
- Irlanda |
|
- Islanda |
|
- Belgio |
|
- Olanda |
Export is mainly towards:
|
- Francia |
|
- Gran Bretagna |
|
- Irlanda |
|
- Islanda |
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 |
14/11/1989 |
|
Ex-Members / Ex-Positions |
|
Bonomi |
Giuseppe |
|
Born in |
on 06/01/1908 |
- Fiscal Code : BNMGPP08A06L872S |
|
Residence : |
Via |
Milano |
, 35 |
- 27030 |
Castello d'Agogna |
(PV) |
- IT - |
|
Position |
|
Chairman |
|
Managing Director |
|
Grivel |
Antonio |
|
Born in |
on 01/05/1945 |
- Fiscal Code : GRVNTN45E01B354X |
|
Residence : |
Via |
Ugo Foscolo |
, 1 |
- 27030 |
Castello d'Agogna |
(PV) |
- IT - |
|
Position |
|
Director |
|
Bonomi |
Daniela |
|
Born in Castello d'Agogna |
on 14/03/1951 |
- Fiscal Code : BNMDNL51C54F205R |
|
Residence : |
Via |
Ugo Foscolo |
, 3 |
- 27030 |
Castello d'Agogna |
(PV) |
- IT - |
|
Position |
|
Director |
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 |
|
UNICREDIT |
Sede Vigevano. |
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|
|
|
|
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
889.775 .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 1952
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 4,5% in 2005 with an increase in 2005 (+16,31%).
The operating result in 2005 was positive (7,19%) and reflects the
field's average.
Equity is good since liquid assets exceed short term debts.
Bank and suppliers credit recourse is limited, 30,7 gg. is payment
average period below the sector's average.
The liquidity level is positive (11,56).
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.822.716 |
filed balance sheet |
|
Profit (Loss) for the period |
100.784 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.567.040 |
filed balance sheet |
|
Profit (Loss) for the period |
19.537 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2003 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.884.212 |
filed balance sheet |
|
Profit (Loss) for the period |
74.894 |
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 ) |
|
|
1.414.495 |
1.337.947 |
|
. Intangible assets |
|
|
2.821 |
4.175 |
|
. Tangible fixed assets |
|
|
941.662 |
933.760 |
|
. . Land and buildings |
|
|
889.775 |
885.855 |
|
. . Plants, Equipm.and Machinery |
|
|
20.267 |
19.341 |
|
. Long-term Investments |
|
|
470.012 |
400.012 |
|
. . Financial loans |
|
|
15 |
15 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
1.683.703 |
1.660.038 |
|
. Stock |
|
|
715.387 |
980.169 |
|
. Credits |
|
|
205.143 |
349.931 |
|
. . Credits to clients |
|
|
159.757 |
259.663 |
|
. . Other credits |
|
|
45.386 |
90.268 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
763.173 |
329.938 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
10.503 |
11.706 |
|
TOTAL ASSETS |
|
|
3.108.701 |
3.009.691 |
|
. |
|
|
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|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
2.235.529 |
2.134.746 |
|
. Company's capital |
|
|
624.000 |
624.000 |
|
. Reserves |
|
|
485.474 |
485.474 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
1.025.271 |
1.005.735 |
|
. Profit (loss) |
|
|
100.784 |
19.537 |
|
PROVISION CHARGES ACCOUNTS |
|
|
|
|
|
STAFF TERM INDEMNITY |
|
|
189.174 |
224.663 |
|
DEBTS |
|
|
662.051 |
622.646 |
|
. Financial M/L terms |
|
|
516.457 |
516.457 |
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
516.457 |
516.457 |
|
. Financial short-term debts |
|
|
|
|
|
. . Financial short-term banks |
|
|
|
|
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
81.608 |
53.766 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
63.986 |
52.423 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
21.947 |
27.636 |
|
TOTAL LIABILITIES |
|
|
3.108.701 |
3.009.691 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
1.824.427 |
1.591.612 |
|
. Revenues from sales/services |
|
|
1.822.716 |
1.567.040 |
|
. Change of stock (products) |
|
|
-99.970 |
-88.328 |
|
OPERATING EXPENSES |
|
|
1.600.883 |
1.482.882 |
|
. Purchasing expenses |
|
|
600.571 |
527.035 |
|
. Change of stock (raw material) |
|
|
164.811 |
128.440 |
|
. Expenses from services |
|
|
355.536 |
309.232 |
|
. Expenses from leasing |
|
|
183 |
175 |
|
. General expenses/sundry charges |
|
|
36.682 |
38.060 |
|
. Staff expenses |
|
|
413.726 |
448.586 |
|
. Depreciation/Devaluation costs |
|
|
29.374 |
31.354 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
2.333 |
2.969 |
|
. Financial charges |
|
|
-32 |
-28 |
|
. Financial revenues |
|
|
2.365 |
2.997 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-14.402 |
-4.894 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
211.475 |
106.805 |
|
TAX |
|
|
110.691 |
87.268 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
100.784 |
19.537 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2005 |
as at 31/12/2004 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
|
2,07 |
2,14 |
1,55 |
|
Net Short-term indebtedness |
Units |
- 1 |
|
n.c. |
n.c. |
2,63 |
|
Current ratio |
Units |
=> 1 |
|
11,56 |
15,63 |
1,22 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
|
6,65 |
6,40 |
0,95 |
|
Return on Sales |
% |
|
|
7,14 |
3,24 |
4,36 |
|
Average stock waiting period |
dd |
|
|
141,26 |
225,14 |
43,37 |
|
Credits to clients average term |
dd |
|
|
31,53 |
59,65 |
127,04 |
|
Debts to suppliers average term |
dd |
|
|
30,70 |
23,11 |
140,00 |
|
Net financial revenues/ charges incidence |
% |
|
|
0,12 |
0,18 |
- 0,93 |
|
Labour cost incidence |
% |
|
|
22,69 |
28,62 |
18,43 |
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
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:
74.900 .Eur.
MARKET / TERRITORY
DATA
|
Population living in the province |
: |
510.505 |
|
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 239 significant companies.
The companies cash their credits on an average of 127 dd.
The average duration of suppliers debts is about 140 dd.
The sector's profitability is on an average of 4,36%.
The labour cost affects the turnover in the measure of 18,43%.
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 1,27.
The employees costs represent the 18,88% 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 2.343.
The insolvency index for the region is 0,55, while for the province it
is 0,46.
Total Bankrupt companies in the province : 986.
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. |
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%)