MIRA
INFORM REPORT
|
Report Date : |
14.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
BAREA S.R.L. |
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Registered Office : |
Via F.lli Bandiera,2 31055 - Quinto di Treviso (TV) |
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Country : |
Italy |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
16.12.2002 |
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Com. Reg. No.: |
TV-2002-63473 |
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|
Legal Form : |
Limited Liability Company |
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Line of Business : |
Fruit Processing (Canned Fruit, Jams and Marmelade, Juice, Ciders). |
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 : |
EUR 176.100 |
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|
|
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
Barea S.r.l.
Via F.lli
Bandiera, 2
31055 - Quinto di Treviso (TV) -IT-
SUMMARY
|
Fiscal Code |
: |
03761890262 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
16/12/2002 |
|
Patrimonial Consistence |
: |
1.000.000 Eur |
|
Turnover Range |
: |
6.500.000/7.750.000 Eur |
|
Number of Employees |
: |
fom 6 to 10 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
176.100 - Eur |
|
Score |
: |
Risk normal |
|
Creditworthness Rate |
: |
Good |
|
|
|
Under the financial aspect a certain balance is reported which leads |
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|
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to a credit with a very limited risk. |
ACTIVITY
Fruit processing (canned fruit, jams and marmelade, juice, ciders).
Wholesale of foodstuff, beverages and similar.
Wholesale of fresh vegetables and fruit
LEGAL DATA
Legal Form
: Limited liability company
|
Fiscal Code
: 03761890262 |
|
Foreign Trade Reg. no. :
TV049510 since 30/12/2002 |
|
Foreign Trade Reg. no. :
049510 of Treviso since 30/12/2002 |
|
Chamber of Commerce no. : 296595 of Treviso since 16/12/2002 |
|
Firms' Register
: TV-2002-63473 since 16/12/2002 |
|
V.A.T. Code
: 03761890262 |
|
Foundation Date |
: 26/11/2002 |
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|
Establishment Date |
: 26/11/2002 |
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|
Start of Activities |
: 16/12/2002 |
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|
Legal Duration Date |
: 31/12/2070 |
|
|
Nominal Capital |
: 50.000 |
Eur |
|
Subscribed Capital |
: 50.000 |
Eur |
|
Paid up Capital |
: 50.000 |
Eur |
MEMBERS
|
Barea |
Antonio |
|
Born in Castelfranco Veneto |
(TV) |
on 24/09/1946 |
- Fiscal Code : BRANTN46P24C111M |
|
Residence : |
Via |
Noalese |
, 17 |
- 31055 |
Quinto di Treviso |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/11/2002 |
|
|
|
Legal representative |
16/12/2002 |
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|
|
Managing Director |
23/01/2003 |
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|
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Board Chairman |
26/11/2002 |
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|
No Protests registered.
|
Bordignon |
Anna |
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Born in Padova |
(PD) |
on 06/03/1949 |
- Fiscal Code : BRDNNA49C46G224R |
|
Residence : |
Via |
Noalese |
, 17 |
- 31100 |
Treviso |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/11/2002 |
|
|
|
Managing Director |
23/01/2003 |
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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.
|
BAREA |
ANTONIO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
BAREA ANTONIO |
Quinto di Treviso (TV) - IT - |
BRANTN46P24C111M |
Proprietor |
- |
Ceased |
|
BAREA IMEX S.A.S. DI ANTONIO BAREA E C. |
Quinto di Treviso (TV) - IT - |
01911590261 |
General Partner |
Active |
Registered |
|
BAREA S.R.L. |
Treviso (TV) - IT - |
00335010260 |
General Partner |
Dismiss |
Ceased |
|
BORDIGNON |
ANNA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
BORDIGNON ANNA |
Quinto di Treviso (TV) - IT - |
BRDNNA49C46G224R |
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 |
|
Barea Antonio |
Quinto di Treviso - IT - |
BRANTN46P24C111M |
18.750 .Eur |
37,50 |
|
Bordignon Anna |
Treviso - IT - |
BRDNNA49C46G224R |
18.750 .Eur |
37,50 |
|
BAREA SERGIO |
|
BRASRG74L12L407O |
12.500 .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 |
|
in : |
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|
|
|
|
Via |
F.lli Bandiera |
, 2 |
- 31055 - |
Quinto di Treviso |
(TV) |
- IT - |
|
|
|
|
PHONE |
: 0422/470222 |
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|
|
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Employees |
: 8 |
|
|
|
|
Fittings and Equipment |
for a value of
17.000 |
Eur |
|
|
|
|
Stocks |
for a value of
789.500 |
Eur |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Ex-Members /
Ex-Positions |
|
Barea |
Antonio |
|
Born in Castelfranco Veneto |
on 24/09/1946 |
- Fiscal Code : BRANTN46P24C111M |
|
Residence : |
Via |
Noalese |
, 17 |
- 31055 |
Quinto di Treviso |
(TV) |
- IT - |
|
Position |
|
Sole Director |
|
Sandali |
Sergio |
|
Born in Pola |
on 07/08/1937 |
- Fiscal Code : SNDSRG37M07G778G |
|
Residence : |
Via |
Cadore |
, 30 |
- 31100 |
Treviso |
(TV) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Cignola |
Lorenzo |
|
Born in Palmanova |
on 25/09/1946 |
- Fiscal Code : CGNLNZ46P25G284S |
|
Residence : |
Via |
Po |
, 12 |
- 31050 |
Villorba |
(TV) |
- IT - |
|
Position |
|
Supervisory Board Chairman |
|
Iadanza |
Mario |
|
Born in Treviso |
on 16/04/1965 |
- Fiscal Code : DNZMRA65D16L407N |
|
Residence : |
Via |
Botteniga |
, 42 |
- 31100 |
Treviso |
(TV) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Battistella |
Marzio |
|
Born in Conegliano |
on 31/07/1966 |
- Fiscal Code : BTTMRZ66L31C957V |
|
Residence : |
Via |
Europa |
, 154/2 |
- 31020 |
San Fior |
(TV) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Massalin |
Nicola |
|
Born in Treviso |
on 08/12/1971 |
- Fiscal Code : MSSNCL71T08L407J |
|
Residence : |
Via |
La Bassa |
, 5 |
- 31100 |
Treviso |
(TV) |
- IT - |
|
Position |
|
Permanent Auditor |
|
The firm succeeded to |
|
Barea Antonio |
|
Via |
Noalese |
, 17 |
, 31055 |
, Quinto di Treviso |
(TV) |
- IT - |
|
Fiscal Code: BRANTN46P24C111M |
|
Date |
: |
16/12/2002 |
PAYMENTS ANALYSIS
The average term of debts to suppliers is shorter than the sector one.
PAYMENTS SCORE : - No insolvency
CREDIT REVOLVING
The subject of inquiry has been monitored by our company:
During the last 6 Months : n. 1 times.
During the last 12 Months : n. 1 times.
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
The company is active since 2002
During the last years, it achieved profits (r.o.e. 29,08% on 2006) and
with an upward trend in turnover trend during the last financial year (+10,3%
in 2006).
The operating result in 2006 was positive (16,06%) falling within the
field's average.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (2,32) and decreasing as against 2005.
Bank borrowings' volume is slightly high but the recourse to suppliers'
credit is modest below field's average.
Payments are supported by good current assets.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
7.204.258 |
filed balance sheet |
|
Profit (Loss) for the period |
281.229 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
6.531.445 |
filed balance sheet |
|
Profit (Loss) for the period |
107.264 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
6.597.141 |
filed balance sheet |
|
Profit (Loss) for the period |
155.940 |
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 ) |
|
|
405.782 |
516.315 |
|
. Intangible assets |
|
|
367.321 |
433.445 |
|
. Tangible fixed assets |
|
|
38.094 |
82.503 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
17.092 |
25.680 |
|
. Long-term Investments |
|
|
367 |
367 |
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. . Financial loans |
|
|
367 |
367 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
2.996.934 |
2.928.802 |
|
. Stock |
|
|
789.356 |
728.548 |
|
. Credits |
|
|
2.063.812 |
2.053.798 |
|
. . Credits to clients |
|
|
2.048.814 |
1.996.410 |
|
. . Other credits |
|
|
14.998 |
57.388 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
143.766 |
146.456 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
1.611 |
8.781 |
|
TOTAL ASSETS |
|
|
3.404.327 |
3.453.898 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
967.024 |
685.798 |
|
. Company's capital |
|
|
50.000 |
50.000 |
|
. Reserves |
|
|
635.795 |
528.534 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
281.229 |
107.264 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
|
|
|
SEVERANCE INDEMNITY FUND |
|
|
33.600 |
33.514 |
|
DEBTS |
|
|
2.394.645 |
2.729.499 |
|
. Financial M/L terms |
|
|
|
|
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
1.632.026 |
1.886.126 |
|
. . Financial short-term banks |
|
|
1.632.026 |
1.886.126 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
612.714 |
790.510 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
149.905 |
52.863 |
|
ACCRUED EXPENSE |
|
|
9.058 |
5.087 |
|
TOTAL LIABILITIES |
|
|
3.404.327 |
3.453.898 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
7.211.471 |
6.539.942 |
|
. Revenues from sales/services |
|
|
7.204.258 |
6.531.445 |
|
. Change of stock (products) |
|
|
|
|
|
OPERATING EXPENSES |
|
|
6.664.607 |
6.243.419 |
|
. Purchasing expenses |
|
|
5.973.441 |
5.438.572 |
|
. Change of stock (raw material) |
|
|
-60.808 |
8.502 |
|
. Expenses from services |
|
|
270.681 |
285.833 |
|
. Expenses from leasing |
|
|
120.000 |
120.000 |
|
. General expenses/sundry charges |
|
|
21.423 |
37.053 |
|
. Staff expenses |
|
|
215.944 |
196.155 |
|
. Depreciation/Devaluation costs |
|
|
123.926 |
157.304 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-33.994 |
-54.686 |
|
. Financial charges |
|
|
-35.310 |
-54.686 |
|
. Financial revenues |
|
|
1.316 |
|
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-5 |
|
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
512.865 |
241.837 |
|
TAX |
|
|
231.636 |
134.573 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
281.229 |
107.264 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
2,46 |
1,39 |
1,60 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
2,32 |
3,76 |
5,70 |
|
Current ratio |
Units |
=> 1 |
l |
1,25 |
1,07 |
1,08 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,92 |
0,80 |
0,88 |
|
Return on Sales |
% |
|
l |
5,62 |
4,05 |
1,49 |
|
Average stock waiting period |
dd |
|
l |
39,42 |
40,14 |
25,19 |
|
Credits to clients average term |
dd |
|
l |
102,34 |
110,01 |
83,16 |
|
Debts to suppliers average term |
dd |
|
l |
34,63 |
48,67 |
99,54 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 0,47 |
- 0,83 |
- 0,53 |
|
Labour cost incidence |
% |
|
l |
2,99 |
3,00 |
5,76 |
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:
176.100 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
838.732 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
SECTOR DATA
The values are calculated on a base of 4.774 significant companies.
The companies cash their credits on an average of 83 dd.
The average duration of suppliers debts is about 99 dd.
The sector's profitability is on an average of 1,49%.
The labour cost affects the turnover in the measure of 5,76%.
Goods are held in stock in a range of 25 dd.
The difference between the sales volume and the resources used to
realize it is about 2,09.
The employees costs represent the 5,74% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistically the trade activity passes through serious crises.
The area is statistically considered lowly risky.
In the region 13.782 protested subjects are found; in the province they
count to 2.280.
The insolvency index for the region is 0,30, while for the province it
is 0,28.
Total Bankrupt companies in the province : 3.317.
Total Bankrupt companies in the region : 16.714.
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%)