MIRA
INFORM REPORT
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Report Date : |
24.10.2007 |
IDENTIFICATION DETAILS
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Name : |
CONSORZIO M.S. SUD |
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Registered Office : |
Via Manfredi, 9 72024 – Oria (BR) -IT- |
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Country : |
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Date of Incorporation : |
05/04/2004 |
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Legal Form : |
Consortium |
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Line of Business : |
Other services activity. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
6.700 .Eur |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
CONSORZIO M.S. SUD
Via Manfredi, 9
72024 – Oria (BR) -IT-
SUMMARY
Fiscal Code : 02051930747
Legal Form : Consortium
Establishment Date : 05/04/2004
Number of Employees : from 1 to 5
N.B.: Additional information are present in the "FURTHER INFORMATION" module.
CREDIT ANALYSIS
CREDIT OPINION : 6.700 - Eur
Score : Risk normal
Creditworthness Rate : (Sufficient)
Financial situation is not at its best, but credit is possible with
no particular risks.
ACTIVITY
Other services activity.
LEGAL DATA
Legal Form : Consortium
Fiscal Code : 02051930747
Chamber of Commerce no. :
117233 of
Firms' Register : BR-2004-9048
Establishment Date : 05/04/2004
Legal Duration Date : 05/04/2034
MEMBERS
Morselli Massimo
Born in San
Benedetto
Residence : Via Don E. Tazzoli , 10 - 46020 Pegognaga (MN) - IT -
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Position |
Since |
Shares Amount |
% Ownership |
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Board of Directors' chairman |
05/04/2004 |
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No Protests registered.
Carbone Giuseppe
Born in Oria (BR) on 09/05/1940 - Fiscal Code : CRBGPP40E09G098Q
Residence
: Via
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Position |
Since |
Shares Amount |
% Ownership |
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Director |
05/04/2004 |
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No Protests registered.
Bacchi Pierfrancesco
Born in Suzzara (MN) on 19/07/1967 - Fiscal Code : BCCPFR67L19L020L
Residence : Viale Della Liberta' , 3 - 46029 Suzzara (MN)- IT -
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Position |
Since |
Shares Amount |
% Ownership |
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Vice-Chairman |
05/04/2004 |
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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.
MORSELLI MASSIMO
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BACCHI PIERFRANCESCO
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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
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Style / Name |
Seat / Address |
Fiscal Code |
Owned Shares |
% of Ownership |
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Smir Srl |
Roma - IT - |
02043590203 |
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M.s. Spa |
Roma - IT - |
02001020201 |
3.000 .Eur |
33,33 |
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Spam Srl |
Roma - IT - |
02040430205 |
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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 Manfredi , 9 - 72024 - Oria (BR)- IT -
Active partners : 2
Fittings and Equipment for a value of 7.746 Eur
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
Subject's activity has been started some years ago.
Fairly good liquid means. Subject is able to face quite easily usual management requirements.
The firm operates on regular terms. Favourably referenced, it meets its own obligations on time without difficulties.
Indebtedness usually stands on normal levels. Just occasional it proves high.
Sufficient profitability.
No irregularities are registered.
Business connections are quite regular.
FINANCIAL DATA
Complete balance-sheet for the year as at (in Eur x 1 )
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Item Type |
Amount |
Source |
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Sales |
206.582 |
estimated by our analyst |
FURTHER INFORMATION
Subject under review is a consortium, whose main goal is to coordinate its partners activities. Subject's partners are all engaged in textile sector.
As subject company is a consortium, it is not obliged to file its annual financial accounts.
Business transactions are regular.
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:
6.700 .Eur.
MARKET / TERRITORY
DATA
Population living in the province : 401.217
Population living in the region : 4.068.167
Number of families in the region : 1.407.246
Monthly family expences average in the region (in Eur.) :
- per food products : 476
- per non food products : 1.433
- per energy consume : 85
SECTOR DATA
The values are calculated on a base of 4.574 significant companies.
The companies cash their credits on an average of 143 dd.
The average duration of suppliers debts is about 150 dd.
The sector's profitability is on an average of 3,75%.
The labour cost affects the turnover in the measure of 26,49%.
Goods are held in stock in a range of 9 dd.
The difference between the sales volume and the resources used to realize it is about 1,36.
The employees costs represent the 26,65% of the production costs.
STATISTICAL
DETRIMENTAL DATA
Statistics on the activity field express an average rate of risks for the branch the firm attends to.
Rather high was statistically rated risk for the territory where the firm is located.
In the region 41.341 protested subjects are found; in the province they count to 3.959.
The insolvency index for the region is 1,02, while for the province it is 0,99.
Total Bankrupt companies in the province : 1.005.
Total Bankrupt companies in the region : 15.496.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)