MIRA INFORM REPORT
|
Report Date : |
31.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PROEL S.R.L. |
|
|
|
|
Registered Office : |
Via Giovanni Giacomo Marinoni, 81, 33031- Basiliano (UD) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
01.07.2005 |
|
|
|
|
Legal Form : |
Limited Liability
Company |
|
|
|
|
Line of Business : |
Assembling and Repairing of Electric and Electric Systems. |
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 222.000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Name & address
Proel S.r.l.
Via
Giovanni Giacomo Marinoni, 81
33031 - Basiliano (UD) -IT-
SUMMARY
|
Fiscal Code |
: |
02364340303 |
|
Legal Form |
: |
Limited liability
company |
|
Start of
Activities |
: |
01/07/2005 |
|
Patrimonial
Consistence |
: |
750.000 Eur |
|
Turnover Range |
: |
6.500.000/7.750.000
Eur |
|
Number of
Employees |
: |
from 16 to 25 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
222.000 - 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
Assembling and repairing of electric and electric systems.
Processing trade and consultant of software.
LEGAL DATA
Legal Form : Limited liability company
|
Fiscal Code :
02364340303 |
|
Foreign Trade Reg.
no. : UD032327 since 01/07/2005 |
|
Chamber of
Commerce no. : 255232 of Udine since 30/12/2004 |
|
V.A.T. Code :
02364340303 |
|
Establishment Date |
: 23/12/2004 |
|
|
Start of
Activities |
: 01/07/2005 |
|
|
Legal Duration
Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 54.000 |
Eur |
|
Subscribed Capital |
: 54.000 |
Eur |
|
Paid up Capital |
: 54.000 |
Eur |
MEMBERS
|
Blasutto |
Sergio |
|
Born in Cividale
del Friuli |
(UD) |
on 30/11/1946 |
- Fiscal Code :
BLSSRG46S30C758Z |
|
Residence : |
Via |
Pradamano |
, 6/6 |
- 33100 |
Udine |
(UD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
02/05/2006 |
|
|
|
Board Chairman |
02/05/2006 |
|
|
No Protests registered.
|
Zorzini |
Renato |
|
Born in Lucerna |
on 29/06/1968 |
- Fiscal Code :
ZRZRNT68H29Z133J |
|
Residence : |
Via |
Molini |
, 21/2 |
- 33033 |
Codroipo |
(UD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
02/05/2006 |
|
|
|
Assistant board
Chairman |
02/05/2006 |
|
|
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.
|
BLASUTTO |
SERGIO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
BSA IMMOBILIARE
SRL |
- - |
02197100304 |
Director |
Dismiss |
Registered |
|
PROEL S.R.L. |
Campoformido (UD)
- IT - |
00459510301 |
Director |
Dismiss |
Ceased |
|
PROEL S.R.L. |
Campoformido (UD)
- IT - |
00459510301 |
Board Chairman |
Dismiss |
Ceased |
|
PROELIMM SRL |
Manzano (UD) - IT
- |
02181090305 |
Director |
Active |
Registered |
|
ZORZINI |
RENATO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
PROEL S.R.L. |
Campoformido (UD)
- IT - |
00459510301 |
Director |
Dismiss |
Ceased |
|
PROEL S.R.L. |
Campoformido (UD)
- IT - |
00459510301 |
Assistant board
Chairman |
Dismiss |
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 |
|
Blasutto Sergio |
Udine - IT - |
BLSSRG46S30C758Z |
27.000 .Eur |
50,00 |
|
Zorzini Renato |
Codroipo - IT - |
ZRZRNT68H29Z133J |
27.000 .Eur |
50,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
PROEL S.R.L. |
Campoformido - IT
- |
00459510301 |
13.500 .Eur |
25,00 |
Ceased |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and
operative seat |
|
in : |
|
|
|
|
|
Via |
Giovanni Giacomo
Marinoni |
, 81 |
- 33031 - |
Basiliano |
(UD) |
- IT - |
|
|
|
|
PHONE |
: 0432/830487 |
|
|
|
|
PHONE |
: 0432/830037 |
|
|
|
|
Employees |
: 25 |
|
|
|
|
Fittings and
Equipment |
for a value of 660.000 |
Eur |
|
|
|
|
Stocks |
for a value of 3.780.000 |
Eur |
HISTORICAL INFORMATION AND/OR FIRM'S STATUS
|
The firm absorbed
by merging of |
|
PROEL S.R.L. |
|
Via |
Zorutti |
, 117/2 |
, 33030 |
, Campoformido |
(UD) |
- IT - |
|
Fiscal Code:
00459510301 |
|
Date |
: |
16/06/2005 |
|
Project of merging
by taking over of |
|
PROEL S.R.L. |
|
Via |
Zorutti |
, 117/2 |
, 33030 |
, Campoformido |
(UD) |
- IT - |
|
Fiscal Code:
00459510301 |
|
Date |
Merging/Splitting-up
Project : |
29/04/2005 |
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.
None reported in the name of the Firm.
FINANCIAL AND ECONOMICAL ANALYSIS
The company has been active for some years.
A positive economic result was achieved with a r.o.e. 32,64%.
The operating result is positive (16,67%). and reflects the field's
average.
Company's financial status is balanced since indebtedness is not high
(1,12)
The recourse to suppliers' credit is limited besides below average.
The liquidity level is positive (1,63).
FINANCIAL DATA
|
Complete
balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
6.868.076 |
filed balance
sheet |
|
Profit (Loss) for
the period |
205.483 |
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 |
|
Year |
|
|
|
2006 |
|
|
BALANCE SHEET ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO
SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET
) |
|
|
|
269.692 |
|
. Intangible
assets |
|
|
|
80.086 |
|
. Tangible fixed
assets |
|
|
|
75.930 |
|
. . Land and
buildings |
|
|
|
|
|
. . Plants,
Equipm.and Machinery |
|
|
|
|
|
. Long-term
Investments |
|
|
|
113.676 |
|
. . Financial
loans |
|
|
|
113.676 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
|
2.072.075 |
|
. Stock |
|
|
|
659.429 |
|
. Credits |
|
|
|
851.318 |
|
. . Credits to
clients |
|
|
|
851.318 |
|
. . Other credits |
|
|
|
|
|
. Short-term
financial assets |
|
|
|
|
|
. Liquid assets |
|
|
|
561.328 |
|
ACCRUED
INCOME-DEFERR. ASSETS |
|
|
|
29.138 |
|
TOTAL ASSETS |
|
|
|
2.370.905 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
|
629.398 |
|
. Company's
capital |
|
|
|
54.000 |
|
. Reserves |
|
|
|
369.915 |
|
. Reserves
company's own shares |
|
|
|
|
|
. Retained profits
(losses) |
|
|
|
|
|
. Profit (loss) |
|
|
|
205.483 |
|
PROVISION FOR
RISKS AND LOSSES |
|
|
|
135.066 |
|
SEVERANCE
INDEMNITY FUND |
|
|
|
304.364 |
|
DEBTS |
|
|
|
1.274.052 |
|
. 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 |
|
|
|
|
|
. Sundry M/L debts
|
|
|
|
|
|
. Sundry
short-term debts |
|
|
|
|
|
ACCRUED EXPENSE |
|
|
|
28.025 |
|
TOTAL
LIABILITIES |
|
|
|
2.370.905 |
|
. |
|
|
|
|
PROFIT AND LOSS ACCOUNTS
|
OUTPUT VALUE |
|
|
|
6.911.409 |
|
. Revenues from
sales/services |
|
|
|
6.868.076 |
|
. Change of stock (products)
|
|
|
|
-14.941 |
|
OPERATING EXPENSES
|
|
|
|
6.516.178 |
|
. Purchasing
expenses |
|
|
|
4.302.615 |
|
. Change of stock
(raw material) |
|
|
|
-56.023 |
|
. Expenses from
services |
|
|
|
1.116.331 |
|
. Expenses from
leasing |
|
|
|
73.317 |
|
. General
expenses/sundry charges |
|
|
|
39.378 |
|
. Staff expenses |
|
|
|
986.783 |
|
.
Depreciation/Devaluation costs |
|
|
|
53.777 |
|
FINANCIAL REVENUES
(CHARGES) |
|
|
|
9.037 |
|
. Financial
charges |
|
|
|
-3.447 |
|
. Financial
revenues |
|
|
|
12.484 |
|
FINANCIAL ASSETS
CORRECTION |
|
|
|
|
|
EXTRAORDINARY
FINANCIAL REVENUES (CHARGES) |
|
|
|
1.864 |
|
PROFIT (LOSS) FOR
THE PERIOD |
|
|
|
406.132 |
|
TAX |
|
|
|
200.649 |
|
CORRECT./ALLOCAT.FISCAL
RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
|
205.483 |
RATIOS
|
|
Item |
O.V. |
O.V. |
as at 31/12/2006 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
3,48 |
1,81 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
1,12 |
4,51 |
|
Current ratio |
Units |
=> 1 |
l |
1,63 |
1,19 |
|
Acid Test
Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
1,11 |
0,99 |
|
Return on Sales |
% |
|
l |
3,77 |
3,40 |
|
Average stock
waiting period |
dd |
|
l |
34,56 |
38,94 |
|
Credits to clients
average term |
dd |
|
l |
44,60 |
155,44 |
|
Debts to suppliers
average term |
dd |
|
l |
80,00 |
170,21 |
|
Net financial
revenues/ charges incidence |
% |
|
l |
0,13 |
- 1,04 |
|
Labour cost
incidence |
% |
|
l |
14,36 |
21,61 |
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:
222.000 .Eur.
MARKET / TERRITORY DATA
|
Population living
in the province |
: |
528.246 |
|
Population living
in the region |
: |
1.204.718 |
|
Number of families
in the region |
: |
516.349 |
Monthly family expences average in the region (in Eur.) :
|
- per food
products |
: |
377 |
|
- per non food
products |
: |
1.727 |
|
- per energy
consume |
: |
114 |
SECTOR DATA
The values are calculated on a base of 453 significant companies.
The companies cash their credits on an average of 155 dd.
The average duration of suppliers debts is about 170 dd.
The sector's profitability is on an average of 3,40%.
The labour cost affects the turnover in the measure of 21,61%.
Goods are held in stock in a range of 38 dd.
The difference between the sales volume and the resources used to
realize it is about 1,23.
The employees costs represent the 22,16% 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 3.901 protested subjects are found; in the province they
count to 1.638.
The insolvency index for the region is 0,33, while for the province it
is 0,31.
Total Bankrupt companies in the province : 2.215.
Total Bankrupt companies in the region : 5.085.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 42.49 |
|
UK Pound |
1 |
Rs. 84.21 |
|
Euro |
1 |
Rs. 66.33 |
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%)