MIRA
INFORM REPORT
|
Report Date : |
31.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
LOLEAN COT. S.R.L |
|
|
|
|
Registered Office : |
Via Valcorrente, 30 Piano
Tavola 95032 - Belpasso (CT) |
|
|
|
|
Country : |
Italy |
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|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
31.12.1980 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of Ready-Made Clothes and of Articles For Clothing |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
EUR 6.700 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
name & address
As for Your mandate,
we report on :
Lolean Cot. S.r.l (Lorena - Letizia - Antonio Centro Operativo Tessile)
Via Valcorrente, 30 Piano Tavola
95032 - Belpasso (CT) -IT-
SUMMARY
|
Fiscal Code |
: |
00858000870 |
|
Legal Form |
: |
Limited liability company |
|
Foundation Date |
: |
31/12/1980 |
|
Patrimonial Consistence |
: |
125.000 Eur |
|
Turnover Range |
: |
1.500.000/2.000.000 Eur |
|
Number of Employees |
: |
from 11 to 15 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
6.700 - Eur |
|
Score |
: |
Risk medium |
|
Creditworthness Rate |
: |
Scanty |
|
|
|
Modest financial and economic aspect - Limited credit is suggested. |
ACTIVITY
Wholesale of ready-made clothes and of articles for clothing.
Wholesale of textiles.
Wholesale of shirts, underwear, hosiery, knitwear etc.
Retail of underwear.
LEGAL DATA
Legal Form : Limited liability company
|
Fiscal Code : 00858000870 |
|
Chamber of Commerce no. :
127271 of Catania since 22/05/1981 |
|
Firms' Register : CT015-12758 since 19/02/1996 |
|
V.A.T. Code : 00858000870 |
|
R. E. C. no. : 27408 of Catania since
02/07/1981 |
|
R. E. C. no. : 0027408 of Catania since
02/07/1981 |
|
Court : 12758 of
Catania |
|
Foundation Date |
: 31/12/1980 |
|
|
Establishment Date |
: 31/12/1980 |
|
|
Legal Duration Date |
: 31/12/2100 |
|
|
Nominal Capital |
: 50.612 |
Eur |
|
Subscribed Capital |
: 50.612 |
Eur |
|
Paid up Capital |
: 50.612 |
Eur |
MEMBERS
|
Maugeri |
Alfio |
|
Born in Catania |
(CT) |
on 06/06/1949 |
- Fiscal Code : MGRLFA49H06C351Q |
|
Residence : |
Via |
Valcorrente |
, 30 |
- 95032 |
Belpasso |
(CT) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
29/04/2005 |
|
|
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.
|
MAUGERI |
ALFIO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
AZIENDA AGRICOLA MAUGERI DI MAUGERI ALFIO E C. |
Belpasso (CT) - IT - |
03065710877 |
Partner |
Active |
Registered |
|
JOY'S GARDEN HOTEL DI MAUGERI GRAZIA LETIZIA E C. S.N.C. |
Paterno' (CT) - IT - |
03595150875 |
Partner |
Active |
Registered |
|
LETIZIA COSTRUZIONI DI MAUGEI ALFIO |
Belpasso (CT) - IT - |
MGRLFA49H06C351Q |
Proprietor |
Active |
Registered |
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 |
|
Maugeri Alfio |
Belpasso - IT - |
MGRLFA49H06C351Q |
12.653 .Eur |
25,00 |
|
GIORDANO MARCELLA |
Belpasso - IT - |
GRDMCL56D44A028Y |
12.653 .Eur |
25,00 |
|
MAUGERI ANGELO |
Belpasso - IT - |
MGRNGL52T19C351G |
12.653 .Eur |
25,00 |
|
PUGLISI CONCETTA |
Belpasso - IT - |
PGLCCT59T61C351R |
12.653 .Eur |
25,00 |
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 |
|
since 31/12/1980 |
in : |
|
|
|
|
|
Via |
Valcorrente |
, 30 Loc. PIANO TAVOLA |
- 95032 - |
Belpasso |
(CT) |
- IT - |
|
|
|
|
|
Total Surface: 443 (Sq.Mt.) |
|
|
|
|
PHONE |
: 095/391570 |
|
|
|
|
Employees |
: 11 |
|
|
|
|
Fittings and Equipment |
for a value of
5.000 |
Eur |
|
|
|
|
Stocks |
for a value of
1.111.500 |
Eur |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Former seats |
|
- |
Branch |
(Shop ) |
until 18/09/1990 |
|
|
|
|
|
Corso |
SICILIA |
- 95047 |
- PATERNO' |
(CT) |
- IT - |
PAYMENTS ANALYSIS
The average term of debts to suppliers is high compared with that
of the sector.
PAYMENTS SCORE : ZZZZZ - 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.
|
Immovable Type |
Value |
|
Real estates |
147.767 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL AND ECONOMICAL ANALYSIS
Company's starting of activities dates back to 1980.
During the last years, it achieved profits (r.o.e. 13,7% on 2006) but
without a significant increase in the turnover.
The operating result was positive in the last financial year (0,46%)
falling within the field's average.
Financial condition is not balanced as own capitals do not cover debts,
indebtedness level is in fact high (10,55) which is anyway decreasing.
The recourse to financial credit is within the limits; on the other hand
the recourse to suppliers' credit is rated as fairly high even in comparison
with the sector's.
Neverthless available funds are good.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.854.056 |
filed balance sheet |
|
Profit (Loss) for the period |
14.941 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.825.373 |
filed balance sheet |
|
Profit (Loss) for the period |
19.937 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.628.679 |
filed balance sheet |
|
Profit (Loss) for the period |
8.065 |
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 ) |
|
|
178.242 |
171.336 |
|
. Intangible assets |
|
|
114 |
220 |
|
. Tangible fixed assets |
|
|
177.797 |
170.785 |
|
. . Land and buildings |
|
|
147.767 |
156.364 |
|
. . Plants, Equipm.and Machinery |
|
|
5.233 |
2.543 |
|
. Long-term Investments |
|
|
331 |
331 |
|
. . Financial loans |
|
|
331 |
331 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
1.283.404 |
1.227.351 |
|
. Stock |
|
|
1.111.258 |
1.085.000 |
|
. Credits |
|
|
41.664 |
69.014 |
|
. . Credits to clients |
|
|
20.276 |
24.780 |
|
. . Other credits |
|
|
21.388 |
44.234 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
130.482 |
73.337 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
4.681 |
4.448 |
|
TOTAL ASSETS |
|
|
1.466.327 |
1.403.135 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
109.028 |
94.086 |
|
. Company's capital |
|
|
50.612 |
50.612 |
|
. Reserves |
|
|
43.475 |
7.254 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
16.283 |
|
. Profit (loss) |
|
|
14.941 |
19.937 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
|
|
|
SEVERANCE INDEMNITY FUND |
|
|
76.150 |
65.281 |
|
DEBTS |
|
|
1.281.149 |
1.243.768 |
|
. 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 |
|
|
997.364 |
938.236 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
283.785 |
305.532 |
|
ACCRUED EXPENSE |
|
|
|
|
|
TOTAL LIABILITIES |
|
|
1.466.327 |
1.403.135 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
1.855.379 |
1.827.306 |
|
. Revenues from sales/services |
|
|
1.854.056 |
1.825.373 |
|
. Change of stock (products) |
|
|
|
|
|
OPERATING EXPENSES |
|
|
1.848.581 |
1.793.540 |
|
. Purchasing expenses |
|
|
1.420.671 |
1.183.954 |
|
. Change of stock (raw material) |
|
|
-26.258 |
168.233 |
|
. Expenses from services |
|
|
155.987 |
131.967 |
|
. Expenses from leasing |
|
|
|
|
|
. General expenses/sundry charges |
|
|
5.093 |
4.154 |
|
. Staff expenses |
|
|
275.943 |
287.875 |
|
. Depreciation/Devaluation costs |
|
|
17.145 |
17.357 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
19.646 |
-3.554 |
|
. Financial charges |
|
|
-8.036 |
-8.406 |
|
. Financial revenues |
|
|
27.682 |
4.852 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
15.099 |
14.495 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
41.543 |
44.707 |
|
TAX |
|
|
26.602 |
24.770 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
14.941 |
19.937 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
1,03 |
0,93 |
2,86 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
10,55 |
12,44 |
3,99 |
|
Current ratio |
Units |
=> 1 |
l |
1,00 |
0,98 |
1,20 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
l |
0,13 |
0,11 |
0,76 |
|
Return on Sales |
% |
|
l |
1,73 |
2,04 |
1,91 |
|
Average stock waiting period |
dd |
|
l |
215,74 |
213,94 |
84,81 |
|
Credits to clients average term |
dd |
|
l |
3,92 |
4,86 |
98,35 |
|
Debts to suppliers average term |
dd |
|
l |
227,70 |
256,64 |
140,38 |
|
Net financial revenues/ charges incidence |
% |
|
l |
1,05 |
- 0,19 |
- 1,11 |
|
Labour cost incidence |
% |
|
l |
14,88 |
15,77 |
8,20 |
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
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 |
: |
1.071.883 |
|
Population living in the region |
: |
5.013.081 |
|
Number of families in the region |
: |
1.842.252 |
Monthly family
expences average in the region (in Eur.) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
1.256 |
|
- per energy consume |
: |
69 |
SECTOR DATA
The values are
calculated on a base of 2.099 significant companies.
The companies cash
their credits on an average of 98 dd.
The average
duration of suppliers debts is about 140 dd.
The sector's
profitability is on an average of 1,91%.
The labour cost
affects the turnover in the measure of 8,20%.
Goods are held in
stock in a range of 84 dd.
The difference
between the sales volume and the resources used to realize it is about 1,33.
The employees costs
represent the 8,19% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistically the
trade activity passes through serious crises.
The area is
statistically considered remarkably risky.
In the region
54.738 protested subjects are found; in the province they count to 13.788.
The insolvency
index for the region is 1,09, while for the province it is 1,29.
Total Bankrupt
companies in the province : 3.235.
Total Bankrupt
companies in the region : 14.491.
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%)