MIRA
INFORM REPORT
|
Report Date : |
25.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
G. GALLONE S.P.A. |
|
|
|
|
Registered Office : |
Via Francesco Caracciolo, 17 80100- Napoli (NA) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
22.02.1979 |
|
|
|
|
Com. Reg. No.: |
NA049-1979-1017 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesaler Trader of Other Final Consumer Goods. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
Eur 188.000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
G. Gallone S.p.a.
Via Francesco
Caracciolo, 17
80100 - Napoli (NA) -IT-
SUMMARY
|
Fiscal Code |
: |
01740350630 |
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
22/02/1979 |
|
Patrimonial Consistence |
: |
2.000.000 Eur |
|
Turnover Range |
: |
12.750.000/15.500.000 Eur |
|
Number of Employees |
: |
from 16 to 25 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
188.000 - Eur |
|
Score |
: |
Risk normal |
|
Creditworthness Rate |
: |
Good |
|
|
|
Under the financial aspect a certain balance is reported which leads |
|
|
|
to a credit with a very limited risk. |
ACTIVITY
Wholesale trade of other final consumer goods.
Retail of underwear.
Retail of house and table linen.
LEGAL DATA
Legal Form
: Joint stock company
|
Fiscal Code
: 01740350630 |
|
Foreign Trade Reg. no. :
NA006349 since 02/03/1992 |
|
Chamber of Commerce no. :
317024 of Napoli since 05/04/1979 |
|
Firms' Register
: NA049-1979-1017 |
|
V.A.T. Code
: 01740350630 |
|
Court : 1017 of Napoli |
|
Foundation Date |
: 22/02/1979 |
|
|
Establishment Date |
: 22/02/1979 |
|
|
Start of Activities |
: 22/02/1979 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.430.000 |
Eur |
|
Subscribed Capital |
: 1.430.000 |
Eur |
|
Paid up Capital |
: 1.271.233 |
Eur |
MEMBERS
|
Gallone |
Giuseppe |
|
Born in Napoli |
(NA) |
on 27/09/1919 |
- Fiscal Code : GLLGPP19P27F839D |
|
Residence : |
Parco |
Comola Ricci |
, 187 |
- 80100 |
Napoli |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
19/10/2005 |
|
|
No Protests registered.
|
Gallone |
Paolo |
|
Born in Napoli |
(NA) |
on 01/01/1965 |
- Fiscal Code : GLLPLA65A01F839O |
|
Fiscal residence : |
Parco |
Comola Ricci |
, 187 |
- 80100 |
Napoli |
(NA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
19/10/2005 |
|
|
|
Director |
19/10/2005 |
|
|
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.
|
GALLONE |
GIUSEPPE |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
EUROPA 90 DI GIUSEPPE GALLONE E DI ANNUNZIATA CACACE S.N.C. |
Napoli (NA) - IT - |
06183070637 |
Sole Director |
Dismiss |
Registered |
|
EUROPA 90 DI GIUSEPPE GALLONE E DI ANNUNZIATA CACACE S.N.C. |
Napoli (NA) - IT - |
06183070637 |
Partner |
Active |
Registered |
|
GALTEX S.P.A. |
Nola (NA) - IT - |
04279450631 |
Chairman |
Dismiss |
Registered |
|
GALLONE |
PAOLO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
EUROPA 90 DI GIUSEPPE GALLONE E DI ANNUNZIATA CACACE S.N.C. |
Napoli (NA) - IT - |
06183070637 |
Partner of unlimit. partnership |
Active |
Registered |
|
GALTEX S.P.A. |
Nola (NA) - IT - |
04279450631 |
Managing Director |
Dismiss |
Registered |
|
ITALIA 2000 S.R.L. |
Napoli (NA) - IT - |
07267520638 |
Sole Director |
- |
Ceased |
|
S.I.E.R. SOCIETA' INGEGNERIA EDILIZIA RESIDENZIALE S.R.L. |
Napoli (NA) - IT - |
06060370639 |
Managing Director |
Dismiss |
Registered |
|
S.I.E.R. SOCIETA' INGEGNERIA EDILIZIA RESIDENZIALE S.R.L. |
Napoli (NA) - IT - |
06060370639 |
Assistant board Chairman |
Dismiss |
Registered |
|
VALENTINA RICAMI S.A.S DI CINZIA DEL BARONE C. |
Napoli (NA) - IT - |
05457340635 |
Limited Partner |
- |
Ceased |
|
VALENTINA RICAMI S.A.S DI CINZIA DEL BARONE C. |
Napoli (NA) - IT - |
05457340635 |
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 |
|
Gallone Giuseppe |
Napoli - IT - |
GLLGPP19P27F839D |
1.430.000 .Eur |
100,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Cis - Centro Ingrosso Sviluppo Campania Gianni Nappi - S.p.a. In Forma
Abbrev |
Napoli - IT - |
01316130630 |
60.595 .Eur |
0,30 |
Active |
|
Cisfi S.p.a. |
Napoli - IT - |
05425180634 |
92.970 .Eur |
0,32 |
Active |
|
Cis Holding S.p.a. |
Napoli - IT - |
05482211215 |
1.514 .Eur |
0,30 |
Active |
|
Cis Service S.p.a. |
Napoli - IT - |
05482221214 |
16.663 .Eur |
0,30 |
Active |
|
Italia 2000 S.r.l. |
Napoli - IT - |
07267520638 |
51.645 .Eur |
99,99 |
Ceased |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Registered office |
in : |
|
|
|
|
|
- 80100 - |
Napoli |
(NA) |
- IT - |
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Francesco Caracciolo |
, 17 |
- 80100 - |
Napoli |
(NA) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 29/09/1995 |
in : |
|
|
|
|
|
Cis Nola |
, 535-536 |
- 80035 - |
Nola |
(NA) |
- IT - |
|
|
|
|
PHONE |
: 081/5109205 |
|
- |
Branch |
(Wholesale store ) |
since 14/11/2005 |
in : |
|
|
|
|
|
Interporto Nola Lotto C |
, A 16 BIS |
- 80035 - |
Nola |
(NA) |
- IT - |
|
- |
Branch |
(Shop ) |
since 23/06/2006 |
in : |
|
|
|
|
|
G.carducci |
, 17 |
- 80100 - |
Napoli |
(NA) |
- IT - |
|
|
|
|
|
Total Surface: 45 (Sq.Mt.) |
|
- |
Branch |
(Shop ) |
since 01/03/2007 |
in : |
|
|
|
|
|
Via |
Scarlatti |
, 184 |
- 80100 - |
Napoli |
(NA) |
- IT - |
|
|
|
|
|
Total Surface: 150 (Sq.Mt.) |
|
|
|
|
Employees |
: 16 |
|
|
|
|
Fittings and Equipment |
for a value of
198.000 |
Eur |
|
|
|
|
Stocks |
for a value of
1.270.000 |
Eur |
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
The firm absorbed by merging of |
|
Italia 2000 S.r.l. |
|
Viale |
Gramsci |
, 17/B |
, 80100 |
, Napoli |
(NA) |
- IT - |
|
Fiscal Code: 07267520638 |
|
Date |
: |
10/10/2000 |
|
Project of merging by taking over of |
|
Italia 2000 S.r.l. |
|
Viale |
Gramsci |
, 17/B |
, 80100 |
, Napoli |
(NA) |
- IT - |
|
Fiscal Code: 07267520638 |
|
Date |
Merging/Splitting-up Project : |
20/07/1999 |
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.
|
Immovable Type |
Value |
|
Real estates |
678.934 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL AND ECONOMICAL ANALYSIS
The company is active since 1979
During the last years, it recorded positive net results (r.o.e. 9,8% in
2006) with a remarkable upward trend (+47,65% on 2006 compared to 2005 and
+31,59% on 2005 compared to 2004).
The operating result in 2006 was positive (9,18%) and reflects the
field's average.
Company's financial status is balanced since indebtedness is not high
(2,19) even though on the increase if compared to 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 |
13.169.728 |
filed balance sheet |
|
Profit (Loss) for the period |
164.195 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
8.919.553 |
filed balance sheet |
|
Profit (Loss) for the period |
208.508 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
6.777.829 |
filed balance sheet |
|
Profit (Loss) for the period |
207.485 |
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 ) |
|
|
1.431.644 |
1.227.996 |
|
. Intangible assets |
|
|
245.009 |
16.381 |
|
. Tangible fixed assets |
|
|
1.050.264 |
1.075.244 |
|
. . Land and buildings |
|
|
678.934 |
683.313 |
|
. . Plants, Equipm.and Machinery |
|
|
198.074 |
186.649 |
|
. Long-term Investments |
|
|
136.371 |
136.371 |
|
. . Financial loans |
|
|
136.371 |
136.371 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
6.175.460 |
4.619.127 |
|
. Stock |
|
|
1.269.775 |
860.650 |
|
. Credits |
|
|
3.459.222 |
3.089.641 |
|
. . Credits to clients |
|
|
2.735.355 |
1.747.828 |
|
. . Other credits |
|
|
723.867 |
1.341.813 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
1.446.463 |
668.836 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
828.161 |
734.424 |
|
TOTAL ASSETS |
|
|
8.435.265 |
6.581.547 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
1.674.210 |
1.697.535 |
|
. Company's capital |
|
|
1.430.000 |
1.430.000 |
|
. Reserves |
|
|
80.015 |
59.027 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
164.195 |
208.508 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
9.677 |
21.045 |
|
SEVERANCE INDEMNITY FUND |
|
|
66.055 |
53.341 |
|
DEBTS |
|
|
5.821.802 |
3.901.930 |
|
. Financial M/L terms |
|
|
703.527 |
336.457 |
|
. . Financial M/L term banks |
|
|
531.979 |
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
171.548 |
336.457 |
|
. Financial short-term debts |
|
|
4.375.081 |
3.143.625 |
|
. . Financial short-term banks |
|
|
4.375.081 |
3.143.625 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
90.705 |
83.801 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
652.489 |
338.047 |
|
ACCRUED EXPENSE |
|
|
863.521 |
907.696 |
|
TOTAL LIABILITIES |
|
|
8.435.265 |
6.581.547 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
13.258.550 |
9.053.706 |
|
. Revenues from sales/services |
|
|
13.169.728 |
8.919.553 |
|
. Change of stock (products) |
|
|
|
|
|
OPERATING EXPENSES |
|
|
12.483.360 |
8.524.064 |
|
. Purchasing expenses |
|
|
10.314.240 |
7.173.051 |
|
. Change of stock (raw material) |
|
|
-409.124 |
-334.591 |
|
. Expenses from services |
|
|
1.609.897 |
1.016.543 |
|
. Expenses from leasing |
|
|
253.810 |
199.815 |
|
. General expenses/sundry charges |
|
|
16.385 |
13.146 |
|
. Staff expenses |
|
|
493.002 |
322.108 |
|
. Depreciation/Devaluation costs |
|
|
205.150 |
133.992 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-349.517 |
-199.229 |
|
. Financial charges |
|
|
-354.042 |
-199.263 |
|
. Financial revenues |
|
|
4.525 |
34 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-47.412 |
-688 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
378.261 |
329.725 |
|
TAX |
|
|
214.066 |
121.217 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
164.195 |
208.508 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
1,70 |
1,69 |
1,78 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
2,19 |
1,70 |
4,37 |
|
Current ratio |
Units |
=> 1 |
l |
1,20 |
1,29 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,95 |
1,05 |
0,36 |
|
Return on Sales |
% |
|
l |
2,80 |
3,83 |
2,70 |
|
Average stock waiting period |
dd |
|
l |
34,70 |
34,70 |
125,06 |
|
Credits to clients average term |
dd |
|
l |
74,77 |
70,52 |
18,98 |
|
Debts to suppliers average term |
dd |
|
l |
2,66 |
3,56 |
160,45 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 2,65 |
- 2,23 |
- 1,11 |
|
Labour cost incidence |
% |
|
l |
3,74 |
3,61 |
11,65 |
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:
188.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
3.092.859 |
|
Population living in the region |
: |
5.788.986 |
|
Number of families in the region |
: |
1.966.064 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
475 |
|
- per non food products |
: |
1.304 |
|
- per energy consume |
: |
79 |
SECTOR DATA
The values are calculated on a base of 1.604 significant companies.
The companies cash their credits on an average of 18 dd.
The average duration of suppliers debts is about 160 dd.
The sector's profitability is on an average of 2,70%.
The labour cost affects the turnover in the measure of 11,65%.
Goods are held in stock in a range of 125 dd.
The difference between the sales volume and the resources used to
realize it is about 1,34.
The employees costs represent the 11,56% 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 80.616 protested subjects are found; in the province they
count to 41.815.
The insolvency index for the region is 1,40, while for the province it
is 1,36.
Total Bankrupt companies in the province : 18.217.
Total Bankrupt companies in the region : 28.514.
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%)