MIRA
INFORM REPORT
|
Report Date : |
19.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
Centro Carta Ed Affini - Societa' Per Az
ioni |
|
|
|
|
Registered Office : |
Via Salaria, 292, 00100 - Roma (RM)
-IT- |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
14/09/1987 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesale of soaps, detergents and cleaning products. Wholesale of paper, paperboards, stationery and office. Wholesale of paper and cardboards in general. |
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 : |
106.400 - Eur |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Centro Carta Ed Affini - Societa' Per Az ioni
Via Salaria, 292
00100 - Roma (RM) -IT-
SUMMARY
|
Legal Form |
: |
Joint stock company |
|
Foundation Date |
: |
14/09/1987 |
|
Patrimonial Consistence |
: |
2.000.000 Eur |
|
|
: |
18.000.000/20.000.000 Eur |
|
Number of Employees |
: |
from 26 to 35 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
106.400 - Eur |
ACTIVITY
Wholesale of soaps, detergents and cleaning products.
Wholesale of paper, paperboards, stationery and office.
Wholesale of paper and cardboards in general.
LEGAL DATA
Legal Form : Joint stock company
|
Fiscal Code : 00528470552 |
|
Foreign Trade Reg. no. : 004040 of |
|
Chamber of Commerce no. : 498715 of |
|
Chamber of Commerce no. : 1134505 of Roma since 01/06/2006 |
|
Chamber of Commerce no. : 58812 of |
|
Firms' Register : RM-2006-156164 since 07/06/2006 |
|
Firms' Register : TR032-1987-299 since 19/02/1996 |
|
V.A.T. Code : 00528470552 |
|
Foundation Date |
: 14/09/1987 |
|
|
Establishment Date |
: 14/09/1987 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.500.000 |
Eur |
|
Subscribed Capital |
: 1.500.000 |
Eur |
|
Paid up Capital |
: 1.500.000 |
Eur |
MEMBERS
|
Carbone |
Giacomo |
|
Born in Roma |
(RM) |
on 26/03/1951 |
- Fiscal Code : CRBGCM51C26H501X |
|
Residence : |
Via |
Monteleone Da Spoleto |
, 36 |
- 00191 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
09/05/2006 |
|
|
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.
|
CARBONE GIACOMO |
|
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 |
|
Siri S.p.a. Societa' Italiana Rappresentanze Industriali |
Roma - IT - |
00575100557 |
1.489.005 .Eur |
99,26 |
|
De Francesco Giorgia |
Roma - IT - |
DFRGRG59M47H501R |
10.995 .Eur |
0,73 |
DIRECT
PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Centro Carta e Affini |
San Marco Evangelista - IT - |
03181960612 |
82.170 .Eur |
83,00 |
Active |
STRUCTURE AND
COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Salaria |
, 292 |
- 00199 - |
Roma |
(RM) |
- IT - |
|
|
|
|
PHONE |
: 0744/800050 |
|
- |
Branch |
(Store ) |
since 09/05/2006 |
in : |
|
|
|
|
|
Strada |
Di Recentino |
, 2 |
- 05100 - |
|
(TR) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 29/05/2007 |
in : |
|
|
|
|
|
Via |
Vrisceglie |
, 28 |
- 70010 - |
Capurso |
(BA) |
- IT - |
|
|
|
|
Employees |
: 34 |
|
|
|
|
Fittings and Equipment |
for a value of
184.000 |
Eur |
|
|
|
|
Stocks |
for a value of
5.396.000 |
Eur |
HISTORICAL
INFORMATION AND/OR FIRM'S
STATUS
|
Changes to the
legal form |
|
Former legal
form |
New legal form |
Changement Date |
|
General partnership |
Limited liability company |
20/06/1990 |
|
Company Style
modifications |
|
Former Style |
New Style |
Changement Date |
|
Centro Carta ed Affini di Massoli Adelfi no E C. Snc |
|
20/06/1990 |
|
Ex-Members /
Ex-Positions |
|
Massoli |
Adelfino |
|
Born in Configni |
on 27/04/1923 |
|
Position |
|
Partner |
|
Napoleoni |
Arnaldo |
|
Born in Preci |
on 18/06/1951 |
- Fiscal Code : NPLRLD51H18H015G |
|
Position |
|
Director |
|
MASSOLI |
ADELFINO |
|
Born in CONFIGNI |
on 27/04/1923 |
- Fiscal Code : MSSDFN23D27C959E |
|
Residence : |
Via |
BUFANETA |
, 9 |
- 02040 |
CONFIGNI |
(RI) |
- IT - |
|
Position |
|
Sole Director |
PAYMENTS ANALYSIS
The average term of debts to suppliers is normal 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.
BANKERS
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
CASSA DI RISPARMIO DI SPOLETO SPA |
Ag. locale |
|
|
|
6315 |
|
|
CASSA DI RISPARMIO DI |
Ag. locale |
|
|
|
6380 |
|
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
3.224.754 .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 1987
During the last years, it achieved profits (r.o.e. 6,24% on 2006) with a
good increase in turnover (+10,83% in 2006 compared to 2005 and +21,34% in 2005
compared to 2004).
The operating result in 2006 was positive (6,39%) 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
7,65 with an upward trend.
Both financial indebtedness and suppliers exposure are rather high
however still within the sector's average.
It shows a not very good liquidity level.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
18.967.310 |
filed balance sheet |
|
Profit (Loss) for the period |
100.186 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
17.113.726 |
filed balance sheet |
|
Profit (Loss) for the period |
252.506 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
14.102.795 |
filed balance sheet |
|
Profit (Loss) for the period |
226.946 |
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 31/12/2006 - Months 12 - Currency Eur - Amounts x 1 |
|
Balance Sheet as
at 31/12/2005 - Months 12 - Currency Eur - Amounts x 1 |
|
Years |
|
|
2006 |
2005 |
|
|
BALANCE SHEET
ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
4.820.782 |
4.300.071 |
|
. Intangible assets |
|
|
655.935 |
369.328 |
|
. Tangible fixed assets |
|
|
3.673.634 |
3.751.968 |
|
. . Land and buildings |
|
|
3.224.754 |
3.309.393 |
|
. . Plants, Equipm.and Machinery |
|
|
183.948 |
198.917 |
|
. Long-term Investments |
|
|
491.213 |
178.775 |
|
. . Financial loans |
|
|
491.213 |
178.775 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
11.738.393 |
10.775.291 |
|
. Stock |
|
|
5.395.881 |
4.581.003 |
|
. Credits |
|
|
6.036.674 |
5.818.673 |
|
. . Credits to clients |
|
|
4.429.908 |
4.501.934 |
|
. . Other credits |
|
|
1.606.766 |
1.316.739 |
|
. Short-term financial assets |
|
|
120.740 |
120.740 |
|
. Liquid assets |
|
|
185.098 |
254.875 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
|
6.561 |
|
TOTAL ASSETS |
|
|
16.559.175 |
15.081.923 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
1.604.648 |
1.504.462 |
|
. Company's capital |
|
|
1.500.000 |
1.000.000 |
|
. Reserves |
|
|
4.462 |
24.903 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
227.053 |
|
. Profit (loss) |
|
|
100.186 |
252.506 |
|
PROVISION CHARGES ACCOUNTS |
|
|
|
8.202 |
|
STAFF TERM INDEMNITY |
|
|
91.410 |
76.258 |
|
DEBTS |
|
|
14.822.899 |
13.484.482 |
|
. Financial M/L terms |
|
|
2.361.485 |
2.441.171 |
|
. . Financial M/L term banks |
|
|
2.361.485 |
2.441.171 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
5.488.163 |
4.767.210 |
|
. . Financial short-term banks |
|
|
5.488.163 |
4.767.210 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
6.264.780 |
5.090.159 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
708.471 |
1.185.942 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
40.218 |
8.519 |
|
TOTAL LIABILITIES |
|
|
16.559.175 |
15.081.923 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
19.834.997 |
18.330.457 |
|
. Revenues from sales/services |
|
|
18.967.310 |
17.113.726 |
|
. Change of stock (products) |
|
|
814.878 |
1.021.203 |
|
OPERATING EXPENSES |
|
|
18.775.463 |
17.280.304 |
|
. Purchasing expenses |
|
|
14.021.245 |
12.420.761 |
|
. Change of stock (raw material) |
|
|
|
|
|
. Expenses from services |
|
|
3.387.810 |
3.736.158 |
|
. Expenses from leasing |
|
|
115.143 |
118.546 |
|
. General expenses/sundry charges |
|
|
304.559 |
216.705 |
|
. Staff expenses |
|
|
503.936 |
382.226 |
|
. Depreciation/Devaluation costs |
|
|
442.770 |
405.908 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-617.762 |
-436.564 |
|
. Financial charges |
|
|
-627.212 |
-439.042 |
|
. Financial revenues |
|
|
9.450 |
2.478 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-221.586 |
-162.083 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
220.186 |
451.506 |
|
TAX |
|
|
120.000 |
199.000 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
100.186 |
252.506 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
0,84 |
0,93 |
2,80 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
7,65 |
7,17 |
4,37 |
|
Current ratio |
Units |
=> 1 |
l |
0,94 |
0,97 |
1,19 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
l |
0,50 |
0,56 |
0,88 |
|
Return on Sales |
% |
|
l |
2,86 |
3,84 |
1,94 |
|
Average stock waiting period |
dd |
|
l |
102,38 |
96,33 |
56,98 |
|
Credits to clients average term |
dd |
|
l |
84,06 |
94,68 |
126,32 |
|
Debts to suppliers average term |
dd |
|
l |
128,66 |
112,57 |
140,21 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 3,25 |
- 2,55 |
- 0,88 |
|
Labour cost incidence |
% |
|
l |
2,65 |
2,23 |
7,84 |
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:
106.400 .Eur.
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 1.938 significant companies.
The companies cash their credits on an average of 126 dd.
The average duration of suppliers debts is about 140 dd.
The sector's profitability is on an average of 1,94%.
The labour cost affects the turnover in the measure of 7,84%.
Goods are held in stock in a range of 56 dd.
The difference between the sales volume and the resources used to
realize it is about 1,41.
The employees costs represent the 7,97% 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. |
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%)