MIRA
INFORM REPORT
|
Report Date : |
03.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
Impresa Etica
Comart Societa' Cooperativ a Sociale Onlus |
|
|
|
|
Registered Office : |
Via
38100
- |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
08/06/1987 |
|
|
|
|
Legal Form : |
Cooperative Society |
|
|
|
|
Line of Business : |
Wholesale of perfumery articles. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
13.400 - Eur |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
name & address
Impresa Etica Comart Societa' Cooperativ a Sociale Onlus
Via
38100 -
SUMMARY
|
Legal Form |
: |
Cooperative society |
|
Start of Activities |
: |
08/06/1987 |
|
Patrimonial Consistence |
: |
1.500.000 Eur |
|
|
: |
1.500.000/2.000.000 Eur |
|
Number of Employees |
: |
from 6 to 10 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
13.400 - Eur |
ACTIVITY
Wholesale of perfumery articles.
LEGAL DATA
Legal Form : Cooperative society
|
Fiscal Code : 01506230224 |
|
Chamber of Commerce no. : 359301 of Padova |
|
Chamber of Commerce no. : 88327 of |
|
Chamber of Commerce no. : 142662 of |
|
Chamber of Commerce no. : 125768 of |
|
Chamber of Commerce no. : 262390 of |
|
Firms' Register : TN-1996-86048 |
|
Establishment Date |
: 26/03/1996 |
|
|
Start of Activities |
: 08/06/1987 |
|
|
Subscribed Capital |
: 1.057.795 |
Eur |
|
Paid up Capital |
: 935.469 |
Eur |
MEMBERS
|
Salviato |
Sandro |
|
Born in Stra |
(VE) |
on 15/07/1959 |
- Fiscal Code : SLVSDR59L15G224H |
|
Residence : |
Via |
Giovanni Pascoli |
, 15 |
- 30039 |
Stra |
(VE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
18/06/2005 |
|
|
|
Memb.of the Executive Committee |
18/06/2005 |
|
|
|
Board Chairman |
18/06/2005 |
|
|
No Protests registered.
|
Martin |
Samanta |
|
Born in Zero Branco |
(TV) |
on 13/02/1973 |
- Fiscal Code : MRTSNT73B53F241W |
|
Residence : |
Via |
Pacinotti |
, 4/B |
- 31059 |
Zero Branco |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
31/03/2007 |
|
|
|
Assistant board Chairman |
31/03/2007 |
|
|
No Protests registered.
|
Gandini |
Luca |
|
Born in |
(TS) |
on 02/02/1963 |
- Fiscal Code : GNDLCU63B02L424V |
|
Residence : |
Via |
Strudthoff |
, 33 |
- 34015 |
Muggia |
(TS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
19/05/2006 |
|
|
|
Memb.of the Executive Committee |
19/05/2006 |
|
|
No Protests registered.
|
Lorenzetto |
Marino |
|
Born in Pianiga |
(VE) |
on 15/05/1959 |
- Fiscal Code : LRNMRN59E15G565B |
|
Residence : |
Via |
Gibuti |
, 2 |
- 35100 |
Padova |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
31/03/2007 |
|
|
No Protests registered.
|
Bognolo |
Caterina |
|
Born in Venezia |
(VE) |
on 23/11/1959 |
- Fiscal Code : BGNCRN59S63L736M |
|
Residence : |
Via |
Cavallotti |
, 83/A |
- 30100 |
Venezia |
(VE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
31/03/2007 |
|
|
No Protests registered.
|
Martin |
Melania |
|
Born in Mirano |
(VE) |
on 13/02/1973 |
- Fiscal Code : MRTMLN73B53F241U |
|
Residence : |
Via |
Antonio Pacinotti |
, 4/B |
- 31059 |
Zero Branco |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/07/2007 |
|
|
No Protests registered.
|
Esposito Sansone |
Immacolata |
|
Born in |
(NA) |
on 07/03/1956 |
- Fiscal Code : SPSMCL56C47C129H |
|
Residence : |
Via |
Strudthoff |
, 33 |
- 34015 |
Muggia |
(TS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/07/2007 |
|
|
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.
|
SALVIATO SANDRO |
|
|
MARTIN SAMANTA |
|
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.
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 |
|
in : |
|
|
|
|
|
Via |
|
, 35 |
- 38100 - |
|
(TN) |
- IT - |
|
|
|
|
PHONE |
: 049/654191 |
|
- |
Secondary office |
|
in : |
|
|
|
|
|
Via |
Cavalieri Di Malta |
, 7/A |
- 34015 - |
Muggia |
(TS) |
- IT - |
|
- |
Branch |
(Shop ) |
since 01/12/2006 |
in : |
|
|
|
|
|
Via |
Cotonificio |
, 22 Loc. TORREANO |
- 33035 - |
Martignacco |
(UD) |
- IT - |
|
- |
Branch |
(Workshop ) |
since 20/11/2006 |
in : |
|
|
|
|
|
Via |
Di Crosada |
, 3/C |
- 34100 - |
|
(TS) |
- IT - |
|
- |
Branch |
(Shop ) |
since 22/11/2006 |
in : |
|
|
|
|
|
Viale |
Martelli |
, 27 |
- 33170 - |
|
(PN) |
- IT - |
|
- |
Branch |
|
since 01/03/2007 |
in : |
|
|
|
|
|
Passaggio |
De Gasperi |
, 3 |
- 35100 - |
Padova |
(PD) |
- IT - |
|
- |
Branch |
|
since 30/12/2005 |
in : |
|
|
|
|
|
Piazza |
Dei Signori |
, 1 |
- 35100 - |
Padova |
(PD) |
- IT - |
|
|
|
|
Employees |
: 8 |
|
|
|
|
Fittings and Equipment |
for a value of
30.987 |
Eur |
|
|
|
|
Stocks |
for a value of
281.469 |
Eur |
HISTORICAL INFORMATION
AND/OR FIRM'S
STATUS
|
The firm absorbed by merging of |
|
Prospettiva - Cooperativa Sociale - Soc. Coop. A Responsabilita'
Limitata |
|
Via |
SAN SABBA |
, 8/A |
, 34100 |
, |
(TS) |
- IT - |
|
Fiscal Code: 00638390328 |
|
Date |
: |
23/10/2006 |
|
Project of merging by taking over of |
|
Prospettiva - Cooperativa Sociale - Soc. Coop. A Responsabilita'
Limitata |
|
Via |
SAN SABBA |
, 8/A |
, 34100 |
, |
(TS) |
- IT - |
|
Fiscal Code: 00638390328 |
|
Date |
Merging/Splitting-up Project : |
19/05/2006 |
PAYMENTS ANALYSIS
The average term of debts to suppliers is high compared with that of the
sector.
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.
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
None reported in the name of the Firm.
FINANCIAL AND
ECONOMICAL ANALYSIS
Company's starting of activities dates back to 1987.
Unstable economic results mark the company's financial state of affairs.
anyway in 2005 a positive result was achieved (r.o.e. 0,37%). Upward trend as
to the turnover in the last financial year (+10,76%).
The return on investment in the last financial year was negative
(-0,86%).
Company's financial status is balanced since indebtedness is not high
(1,42) but with an increase as against the previous accounting period.
Payments average period is high and higher than the sector.
Liquid assets are not adequate to subject's needs.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.567.833 |
filed balance sheet |
|
Profit (Loss) for the period |
3.902 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.415.511 |
filed balance sheet |
|
Profit (Loss) for the period |
-13.451 |
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 |
|
|
122.326 |
135.448 |
|
FIXED ASSETS ( NET ) |
|
|
1.883.184 |
685.144 |
|
. Intangible assets |
|
|
504.251 |
199.961 |
|
. Tangible fixed assets |
|
|
1.300.156 |
481.150 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
|
|
|
. Long-term Investments |
|
|
78.777 |
4.033 |
|
. . Financial loans |
|
|
78.777 |
4.033 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
1.533.980 |
860.558 |
|
. Stock |
|
|
578.280 |
382.114 |
|
. Credits |
|
|
866.787 |
355.469 |
|
. . Credits to clients |
|
|
866.787 |
355.469 |
|
. . Other credits |
|
|
|
|
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
88.913 |
122.975 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
|
|
|
TOTAL ASSETS |
|
|
3.539.490 |
1.681.150 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
1.031.134 |
787.073 |
|
. Company's capital |
|
|
1.057.795 |
817.636 |
|
. Reserves |
|
|
|
|
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
-30.563 |
-17.112 |
|
. Profit (loss) |
|
|
3.902 |
-13.451 |
|
PROVISION CHARGES ACCOUNTS |
|
|
|
|
|
STAFF TERM INDEMNITY |
|
|
11.263 |
12.951 |
|
DEBTS |
|
|
2.497.093 |
881.126 |
|
. Financial M/L terms |
|
|
|
|
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. 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 |
|
|
|
|
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
|
|
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
|
|
|
TOTAL LIABILITIES |
|
|
3.539.490 |
1.681.150 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
1.586.094 |
1.513.935 |
|
. Revenues from sales/services |
|
|
1.567.833 |
1.415.511 |
|
. Change of stock (products) |
|
|
|
|
|
OPERATING EXPENSES |
|
|
1.616.659 |
1.495.503 |
|
. Purchasing expenses |
|
|
1.102.438 |
1.058.588 |
|
. Change of stock (raw material) |
|
|
-196.166 |
-95.182 |
|
. Expenses from services |
|
|
199.295 |
148.131 |
|
. Expenses from leasing |
|
|
|
|
|
. General expenses/sundry charges |
|
|
4.320 |
13.590 |
|
. Staff expenses |
|
|
321.873 |
236.145 |
|
. Depreciation/Devaluation costs |
|
|
184.899 |
134.231 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-27.482 |
-21.915 |
|
. Financial charges |
|
|
-27.983 |
-22.186 |
|
. Financial revenues |
|
|
501 |
271 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
92.323 |
5.195 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
34.276 |
1.712 |
|
TAX |
|
|
30.374 |
15.163 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
3.902 |
-13.451 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2005 |
as at 31/12/2004 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
|
1,05 |
1,16 |
2,51 |
|
Net Short-term indebtedness |
Units |
- 1 |
|
1,42 |
0,96 |
4,27 |
|
Current ratio |
Units |
=> 1 |
|
0,98 |
0,97 |
1,20 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
|
0,61 |
0,54 |
0,90 |
|
Return on Sales |
% |
|
|
12,04 |
8,53 |
2,47 |
|
Average stock waiting period |
dd |
|
|
132,76 |
97,16 |
47,05 |
|
Credits to clients average term |
dd |
|
|
199,00 |
90,39 |
126,00 |
|
Debts to suppliers average term |
dd |
|
|
630,00 |
210,00 |
135,79 |
|
Net financial revenues/ charges incidence |
% |
|
|
- 1,75 |
- 1,54 |
- 1,03 |
|
Labour cost incidence |
% |
|
|
20,52 |
16,68 |
7,01 |
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:
13.400 .Eur.
MARKET / TERRITORY
DATA
|
Population living in the province |
: |
497.546 |
|
Population living in the region |
: |
974.613 |
|
Number of families in the region |
: |
383.892 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
373 |
|
- per non food products |
: |
2.001 |
|
- per energy consume |
: |
121 |
SECTOR DATA
The values are calculated on a base of 1.458 significant companies.
The companies cash their credits on an average of 126 dd.
The average duration of suppliers debts is about 135 dd.
The sector's profitability is on an average of 2,47%.
The labour cost affects the turnover in the measure of 7,01%.
Goods are held in stock in a range of 47 dd.
The difference between the sales volume and the resources used to
realize it is about 1,38.
The employees costs represent the 7,23% 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 2.078 protested subjects are found; in the province they
count to 850.
The insolvency index for the region is 0,22, while for the province it
is 0,17.
Total Bankrupt companies in the province : 1.091.
Total Bankrupt companies in the region : 2.539.
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%)