MIRA
INFORM REPORT
|
Report Date : |
15.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TE.M.A. S.R.L. |
|
|
|
|
Registered Office : |
Via San Lorenzo In Cavellas, 1 24060- Casazza (BG) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
01.10.1985 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
General Mechanic |
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 567.100 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Te.m.a. S.r.l.
Via San Lorenzo In
Cavellas, 1
24060 - Casazza (BG) -IT-
SUMMARY
|
Fiscal Code |
: |
01611900166 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
01/10/1985 |
|
Patrimonial Consistence |
: |
1.500.000 Eur |
|
Turnover Range |
: |
12.750.000/15.500.000 Eur |
|
Number of Employees |
: |
from 36 to 50 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
567.100 - Eur |
|
Score |
: |
Risk low |
|
Creditworthness Rate |
: |
Excellent |
|
|
|
Financial/patrimonial analysis very good - Credit with very low risk |
ACTIVITY
General mechanic.
Manufacturing and installation of machines for plastics processing.
Manufacture of other electric machines and equipment for electric
power generating and use.
Manufacturing of equipment for distribution and control of electric
power.
LEGAL DATA
Legal Form : Limited liability company
|
Fiscal Code
: 01611900166 |
|
Foreign Trade Reg. no.
: 24837 of Bergamo since 23/04/1992 |
|
Chamber of Commerce no. :
222264 of Bergamo since 15/07/1985 |
|
Chamber of Commerce no. :
300452 of Varese |
|
V.A.T. Code
: 01611900166 |
|
Court : 26617 of Bergamo |
|
Foundation Date |
: 24/06/1985 |
|
|
Establishment Date |
: 24/06/1985 |
|
|
Start of Activities |
: 01/10/1985 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 390.000 |
Eur |
|
Subscribed Capital |
: 390.000 |
Eur |
|
Paid up Capital |
: 390.000 |
Eur |
MEMBERS
|
Cadei |
Carlo Bartolomeo |
|
Born in Bergamo |
(BG) |
on 27/01/1955 |
- Fiscal Code : CDACLB55A27A794L |
|
Residence : |
Via |
Palazzine |
, 26 |
- 24060 |
Fonteno |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
|
|
|
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.
|
CADEI |
CARLO BARTOLOMEO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CADEI CARLO |
Fonteno (BG) - IT - |
CDACLB55A27A794L |
Proprietor |
Active |
Registered |
|
GE. FIN. CA. SRL |
Lovere (BG) - IT - |
02966280162 |
Sole Director |
Active |
Registered |
|
PIEMME ANTINCENDI S.R.L. |
Brescia (BS) - IT - |
03183710171 |
Director |
Dismiss |
Registered |
|
PRIMA ENGINEERING S.R.L. |
Casazza (BG) - IT - |
02625020983 |
Director |
Active |
Registered |
|
TE.M.A. SERVICE S.R.L. |
Lovere (BG) - IT - |
02574430167 |
Managing Director |
Active |
Registered |
|
TE.M.A. SERVICE S.R.L. |
Lovere (BG) - IT - |
02574430167 |
Board Chairman |
Active |
Registered |
|
TEMA E OMAC S.R.L. - IN LIQUIDAZIONE |
Lovere (BG) - IT - |
02322270162 |
Liquidator |
- |
Ceased |
|
TESAUT SRL IN LIQUIDAZIONE |
Lovere (BG) - IT - |
02736800166 |
Liquidator |
- |
Ceased |
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 |
|
Cadei Carlo Bartolomeo artolomeo |
Fonteno - IT - |
CDACLB55A27A794L |
120.900 .Eur |
31,00 |
|
Bianchi Silvio |
|
BNCSLV65M30Z133I |
27.300 .Eur |
7,00 |
|
Pegurri Angelo |
|
PGRNGL26H13I873D |
120.900 .Eur |
31,00 |
|
Bianchi Oliviero |
|
BNCLVR42R27A794Z |
120.900 .Eur |
31,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Tesaut Srl In Liquidazione |
Lovere - IT - |
02736800166 |
5.500 .Eur |
50,00 |
Ceased |
|
Tema E Omac S.r.l. - In Liquidazione |
Lovere - IT - |
02322270162 |
5.164 .Eur |
50,00 |
Ceased |
|
Te.m.a. Service S.r.l. |
Lovere - IT - |
02574430167 |
10.225 .Eur |
98,99 |
Active |
|
Prima Engineering S.r.l. |
Casazza - IT - |
02625020983 |
7.000 .Eur |
70,00 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
San Lorenzo In Cavellas |
, 1 |
- 24060 - |
Casazza |
(BG) |
- IT - |
|
|
|
|
PHONE |
: 035/812781 |
|
- |
Branch |
(Store ) |
since 01/07/1992 |
in : |
|
|
|
|
|
Via |
San Lorenzo In Cavellas |
, SNC |
- 24060 - |
Casazza |
(BG) |
- IT - |
|
|
|
|
PHONE |
: 035/812781 |
|
- |
Branch |
(Operating branch ) |
since 08/11/2001 |
in : |
|
|
|
|
|
Via |
San Lorenzo In Cavellas |
, 1/A |
- 24060 - |
Casazza |
(BG) |
- IT - |
|
- |
Branch |
(Workshop ) |
since 30/09/2005 |
in : |
|
|
|
|
|
Via |
Acquasparsa |
- 24060 - |
Grone |
(BG) |
- IT - |
|
- |
Branch |
(Sales office ) |
since 01/10/2005 |
in : |
|
|
|
|
|
Via |
Campiglio |
, 89 |
- 21040 - |
Oggiona Con Santo Stefano |
(VA) |
- IT - |
|
|
|
|
Employees |
: 38 |
|
|
|
|
Fittings and Equipment |
for a value of
291.000 |
Eur |
|
|
|
|
Stocks |
for a value of
1.854.000 |
Eur |
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Ungheria |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Company's
Capital Changes |
|
Former Type |
Former Amount |
New Type |
New Amount |
Changement Date |
|
paid-up |
134.278Eur |
paid-up |
253.063Eur |
04/07/1990 |
|
Former seats |
|
- |
Branch |
|
since 01/11/1985 |
until 13/05/1992 |
|
|
|
|
|
Via |
Roma |
- 24060 |
- Sovere |
(BG) |
- IT - |
|
- |
Branch |
|
since 13/05/1992 |
until 31/12/1992 |
|
|
|
|
|
Via |
Roma |
- 24060 |
- Sovere |
(BG) |
- IT - |
PAYMENTS ANALYSIS
The average term of debts to suppliers is shorter than the sector
one.
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.
|
Immovable Type |
Value |
|
Real estates |
467.743 .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 1985
During the last years, it achieved profits (r.o.e. 28,06% on 2006) with
a good increase in turnover (+56,41% in 2006 compared to 2005 and +30,06% in
2005 compared to 2004).
The return on Investment in the last financial year was positive
(10,81%) and reflects the field's average.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (2,86) and falling as against the previous year (3,2).
The company does not exceed in bank credits; payments average period is
instead slightly high (120,67 gg.) anyway better than the field's average.
The 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 |
14.469.773 |
filed balance sheet |
|
Profit (Loss) for the period |
414.439 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
9.250.610 |
filed balance sheet |
|
Profit (Loss) for the period |
195.562 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
7.112.470 |
filed balance sheet |
|
Profit (Loss) for the period |
140.825 |
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 ) |
|
|
944.269 |
876.298 |
|
. Intangible assets |
|
|
74.338 |
15.728 |
|
. Tangible fixed assets |
|
|
852.833 |
850.344 |
|
. . Land and buildings |
|
|
467.743 |
491.166 |
|
. . Plants, Equipm.and Machinery |
|
|
291.086 |
246.225 |
|
. Long-term Investments |
|
|
17.098 |
10.226 |
|
. . Financial loans |
|
|
17.098 |
10.226 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
7.140.914 |
5.963.345 |
|
. Stock |
|
|
1.854.000 |
1.806.000 |
|
. Credits |
|
|
4.184.370 |
3.290.032 |
|
. . Credits to clients |
|
|
3.478.572 |
2.857.946 |
|
. . Other credits |
|
|
705.798 |
432.086 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
1.102.544 |
867.313 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
71.423 |
86.478 |
|
TOTAL ASSETS |
|
|
8.156.606 |
6.926.121 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
1.476.574 |
1.062.133 |
|
. Company's capital |
|
|
390.000 |
390.000 |
|
. Reserves |
|
|
672.135 |
476.571 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
414.439 |
195.562 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
64.057 |
48.023 |
|
SEVERANCE INDEMNITY FUND |
|
|
523.254 |
453.489 |
|
DEBTS |
|
|
5.985.373 |
5.275.111 |
|
. Financial M/L terms |
|
|
650.900 |
1.001.068 |
|
. . Financial M/L term banks |
|
|
650.900 |
1.001.068 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
545.385 |
513.482 |
|
. . Financial short-term banks |
|
|
545.385 |
513.482 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
4.076.199 |
3.463.215 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
712.889 |
297.346 |
|
ACCRUED EXPENSE |
|
|
107.348 |
87.365 |
|
TOTAL LIABILITIES |
|
|
8.156.606 |
6.926.121 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
14.735.999 |
9.953.892 |
|
. Revenues from sales/services |
|
|
14.469.773 |
9.250.610 |
|
. Change of stock (products) |
|
|
258.000 |
439.540 |
|
OPERATING EXPENSES |
|
|
13.854.265 |
9.513.352 |
|
. Purchasing expenses |
|
|
8.802.795 |
6.132.443 |
|
. Change of stock (raw material) |
|
|
210.000 |
-370.460 |
|
. Expenses from services |
|
|
2.995.321 |
2.119.156 |
|
. Expenses from leasing |
|
|
360.611 |
285.284 |
|
. General expenses/sundry charges |
|
|
21.515 |
16.974 |
|
. Staff expenses |
|
|
1.290.122 |
1.175.271 |
|
. Depreciation/Devaluation costs |
|
|
173.901 |
154.684 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-59.900 |
-56.551 |
|
. Financial charges |
|
|
-65.560 |
-63.643 |
|
. Financial revenues |
|
|
5.660 |
7.092 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
354 |
10.328 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
822.188 |
394.317 |
|
TAX |
|
|
407.749 |
198.755 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
414.439 |
195.562 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
2,80 |
2,87 |
2,09 |
|
Net Short-term
indebtedness |
Units |
- 1 |
l |
2,86 |
3,20 |
3,35 |
|
Current ratio |
Units |
=> 1 |
l |
1,33 |
1,39 |
1,27 |
|
Acid Test Ratio-Liquidity
Ratio |
Units |
=> 1 |
l |
0,99 |
0,97 |
0,97 |
|
Return on Sales |
% |
|
l |
4,06 |
3,78 |
3,50 |
|
Average stock
waiting period |
dd |
|
l |
46,11 |
70,27 |
51,58 |
|
Credits to clients
average term |
dd |
|
l |
86,54 |
111,20 |
139,62 |
|
Debts to suppliers
average term |
dd |
|
l |
120,67 |
146,01 |
152,97 |
|
Net financial
revenues/ charges incidence |
% |
|
l |
- 0,41 |
- 0,61 |
- 0,91 |
|
Labour cost
incidence |
% |
|
l |
8,91 |
12,70 |
20,56 |
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:
567.100 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
1.022.428 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
SECTOR DATA
The values are calculated on a base of 1.029 significant companies.
The companies cash their credits on an average of 139 dd.
The average duration of suppliers debts is about 152 dd.
The sector's profitability is on an average of 3,50%.
The labour cost affects the turnover in the measure of 20,56%.
Goods are held in stock in a range of 51 dd.
The difference between the sales volume and the resources used to
realize it is about 1,19.
The employees costs represent the 21,33% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 50.886 protested subjects are found; in the province they
count to 4.150.
The insolvency index for the region is 0,55, while for the province it
is 0,41.
Total Bankrupt companies in the province : 4.376.
Total Bankrupt companies in the region : 39.612.
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%)