MIRA INFORM REPORT
|
Report Date : |
06.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TREOFAN ITALY SPA |
|
|
|
|
Registered Office : |
Via Mauro Macchi,44/1, 20124 - Milano (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
01.03.1996 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Production of Artificial and Synthetic Fibres. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
EUR 678.000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Name & address
Treofan Italy Spa
Via Mauro Macchi, 44/1
20124 - Milano (MI) -IT-
SUMMARY
|
Fiscal Code |
: |
00871480158 |
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
01/03/1996 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
100.000.000/150.000.000 Eur |
|
Number of Employees |
: |
from 251 to 500 |
|
Group |
: |
MONTEDISON |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
678.000 - Eur |
|
Score |
: |
Risk normal |
|
Creditworthness Rate |
: |
Sufficient |
|
|
|
Under the financial aspect a certain balance is reported which leads |
|
|
|
To a credit with a very limited risk. |
ACTIVITY
Production of artificial and synthetic fibres.
Production of artificial fibres, viscose, acetate and copper.
LEGAL DATA
Legal Form : Joint stock company
|
Fiscal Code : 00871480158 |
|
Foreign Trade Reg. no. : MI073961 since 27/12/1991 |
|
Foreign Trade Reg. no. : 73961 of Milano since 27/12/1991 |
|
Foreign Trade Reg. no. : 073961 of Milano since 27/12/1991 |
|
Foreign Trade Reg. no. : MI73961 of Milano since 27/12/1991 |
|
Chamber of Commerce no. : 688899 of Milano since 08/06/1965 |
|
Chamber of Commerce no. : 64484 of Massa |
|
Chamber of Commerce no. : 239164 of Salerno |
|
Chamber of Commerce no. : 38235 of Terni since 05/09/1969 |
|
Chamber of Commerce no. : 41414 of Terni |
|
Chamber of Commerce no. : 124233 of Varese |
|
Chamber of Commerce no. : 194349 of Varese |
|
Firms' Register : MI146-126754 since 19/02/1996 |
|
V.A.T. Code : 00871480158 |
|
Court : 126754 of Milano |
|
Foundation Date |
: 20/05/1965 |
|
|
Establishment Date |
: 20/05/1965 |
|
|
Start of Activities |
: 01/03/1996 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 26.000.000 |
Eur |
|
Subscribed Capital |
: 26.000.000 |
Eur |
|
Paid up Capital |
: 26.000.000 |
Eur |
MEMBERS
|
Reconta Ernst E Young S.p.a. |
|
|
- Fiscal Code : 00434000584 |
|
Via |
Romagnosi Giandomenico |
, 18A |
- 00196 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditing company |
06/11/2006 |
|
|
|
Arcari |
Sergio |
|
Born in Milano |
(MI) |
on 07/05/1947 |
- Fiscal Code : RCRSRG47E07F205L |
|
Residence : |
Via |
Pergolesi |
, 25 |
- 20124 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
28/03/2002 |
|
|
No Protests registered.
|
Mariani |
Roberto |
|
Born in Terni |
(TR) |
on 01/08/1958 |
- Fiscal Code : MRNRRT58M01L117L |
|
Residence : |
Via |
Pergolesi |
, 25 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
05/10/2007 |
|
|
|
Director |
05/10/2007 |
|
|
No Protests registered.
|
Rosati |
Antonio |
|
Born in Todi |
(PG) |
on 24/09/1953 |
- Fiscal Code : RSTNTN53P24L188S |
|
Residence : |
Localita' |
Osteria |
, 12 |
- 05029 |
San Gemini |
(TR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
01/02/1996 |
|
|
No Protests registered.
|
Paruolo |
Antonio |
|
Born in Altavilla Silentina |
(SA) |
on 27/03/1958 |
- Fiscal Code : PRLNTN58C27A230O |
|
Residence : |
Via |
Pergolesi |
, 25 |
- 20124 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
28/03/2002 |
|
|
No Protests registered.
|
Signore |
Vito Giuseppe |
|
Born in Lequile |
(LE) |
on 14/11/1959 |
- Fiscal Code : SGNVGS59S14E538T |
|
Residence : |
Via |
Mauro Macchi |
, 44/1 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
05/10/2007 |
|
|
|
Director |
05/10/2007 |
|
|
|
Board Chairman |
05/10/2007 |
|
|
No Protests registered.
|
Scatolini |
Davide |
|
Born in Terni |
(TR) |
on 06/12/1967 |
- Fiscal Code : SCTDVD67T06L117U |
|
Residence : |
Via |
Del Rivo |
, 108 |
- 05100 |
Terni |
(TR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
24/05/2005 |
|
|
No Protests registered.
|
Sconosciuto |
Carlo |
|
Born in Mesagne |
(BR) |
on 02/01/1966 |
- Fiscal Code : SCNCRL66A02F152T |
|
Residence : |
Via |
Socrate |
, 12 |
- 72023 |
Mesagne |
(BR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
22/01/2007 |
|
|
No Protests registered.
|
Cappello |
Andrea |
|
Born in Milano |
(MI) |
on 23/04/1969 |
- Fiscal Code : CPPNDR69D23F205T |
|
Residence : |
Via |
Mauro Macchi |
, 44/1 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
05/10/2007 |
|
|
No Protests registered.
|
Martinese |
Luigi |
|
Born in Taurisano |
(LE) |
on 29/10/1966 |
- Fiscal Code : MRTLGU66R29L064S |
|
Residence : |
Via |
Della Pergola |
, 2 |
- 53030 |
San Gimignano |
(SI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
05/10/2007 |
|
|
|
Works Manager |
|
|
|
No Protests registered.
|
Sturdy |
Ian John |
|
Born in Potters Bar |
on 17/02/1960 |
- Fiscal Code : STRNHN60B17Z114U |
|
Residence : |
Via |
Case Sparse |
, 12/C |
- 05100 |
Terni |
(TR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
24/05/2005 |
|
|
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.
|
MARIANI |
ROBERTO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
FRANCOPLAST S.R.L. IN LIQUIDAZIONE |
Terni (TR) - IT - |
00209530526 |
Liquidator |
Active |
Registered |
|
LAMEZIA SPECIALITY FILM S.R.L. |
Lamezia Terme (CZ) - IT - |
01747890794 |
Director |
Active |
Registered |
|
PARUOLO |
ANTONIO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
LAMEZIA SPECIALITY FILM S.R.L. |
Lamezia Terme (CZ) - IT - |
01747890794 |
Procurator |
Active |
Registered |
|
SIGNORE |
VITO GIUSEPPE |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
EXXONMOBIL CHEMICAL FILMS EUROPE SUD SRL |
Brindisi (BR) - IT - |
01353790742 |
Director |
Dismiss |
Registered |
|
EXXONMOBIL CHEMICAL FILMS EUROPE SUD SRL |
Brindisi (BR) - IT - |
01353790742 |
Procurator |
Dismiss |
Registered |
|
LAMEZIA SPECIALITY FILM S.R.L. |
Lamezia Terme (CZ) - IT - |
01747890794 |
Director |
Active |
Registered |
|
LAMEZIA SPECIALITY FILM S.R.L. |
Lamezia Terme (CZ) - IT - |
01747890794 |
Board Chairman |
Active |
Registered |
|
MARTINESE |
LUIGI |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
LAMEZIA SPECIALITY FILM S.R.L. |
Lamezia Terme (CZ) - IT - |
01747890794 |
Procurator |
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 |
|
Trespaphan Holding Gmbh |
|
|
26.000.000 .Eur |
100,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Francoplast S.r.l. In Liquidazione |
Terni - IT - |
00209530526 |
1.000.000 .Eur |
100,00 |
Active |
|
lamespun S.r.l. |
Lamezia Terme - IT - |
01747880795 |
5.000.000 .Eur |
100,00 |
Ceased |
|
Moplefan Sud - S.r.l. |
Battipaglia - IT - |
02571150651 |
10.329.137 .Eur |
100,00 |
Ceased |
|
CONSORZIO NOVAFIBRE |
|
11529840156 |
10.329.137 .Eur |
|
Active |
|
POLYMER SERVIZI ECOLOGICI |
|
01264010552 |
5.000 .Eur |
33,33 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
|
since 06/02/1997 |
in : |
|
|
|
|
|
Via |
Mauro Macchi |
, 44/1 |
- 20124 - |
Milano |
(MI) |
- IT - |
|
|
|
|
TELEX |
: 310679 |
|
- |
Branch |
(Factory ) |
since 27/12/1990 |
in : |
|
|
|
|
|
Via |
Zona Industriale |
- 84090 - |
Battipaglia |
(SA) |
- IT - |
|
|
|
|
PHONE |
: 0828/393111 |
|
- |
Branch |
(Factory ) |
in : |
|
|
|
|
|
Piazzale |
Donegani |
, 4 |
- 05100 - |
Terni |
(TR) |
- IT - |
|
|
|
|
PHONE |
: 0744/2021 |
|
|
|
|
PHONE |
: 0744/802751 |
|
|
|
|
Employees |
: 314 |
|
|
|
|
Assistants |
: 1 |
|
|
|
|
Fittings and Equipment |
for a value of
6.550.000 |
Eur |
|
|
|
|
Stocks |
for a value of
13.980.000 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
|
|
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents more than 50% of the global turnover.
Import comes generally from the following nations:
|
- Francia |
|
- Belgio |
|
- Germania |
|
- Gran Bretagna |
|
- Austria |
Export is mainly towards:
|
- Austria |
|
- Belgio |
|
- Francia |
|
- Germania |
|
- Gran Bretagna |
|
- Grecia |
|
- Irlanda |
|
- Islanda |
|
- Ungheria |
|
- Bulgaria |
|
- Somalia |
|
- Etiopia |
|
- Gabon |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Changes to the
legal form |
|
Former legal
form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
18/06/1969 |
|
Company Style
modifications |
|
Former Style |
New Style |
Changement Date |
|
Neofil S.p.A. |
|
01/01/1986 |
|
Ex-Members /
Ex-Positions |
|
Corfiati |
Ezio |
|
Born in Milano |
on 10/05/1942 |
- Fiscal Code : CRFZEI42E10F205S |
|
Residence : |
Foro |
Buonaparte |
, 31 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Director |
|
Di Giovanni |
Francesco |
|
Born in MILANO |
on 15/03/1957 |
- Fiscal Code : DGVFNC57C15F205I |
|
Residence : |
Via |
DELL'AEROPORTO FIUMICINO |
, 320 |
- 00054 |
FIUMICINO |
(RM) |
- IT - |
|
Position |
|
Managing Director |
|
Rossi |
Giuseppe |
|
Born in San Miniato |
on 03/11/1946 |
- Fiscal Code : RSSGPP46S03I046U |
|
Residence : |
Via |
Montepulciano |
, 2 |
- 20124 |
Milano |
(MI) |
- IT - |
|
Position |
|
Board Chairman |
|
De Costanzo |
Maurizio |
|
Born in NAPOLI |
on 11/09/1947 |
- Fiscal Code : DCSMRZ47P11F839E |
|
Residence : |
Via |
BORGONUOVO |
, 14 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Managing Director |
|
Director |
|
General Manager |
|
Mayr |
Adolfo |
|
Born in Ferrara |
on 04/08/1933 |
- Fiscal Code : MYRDLF33M04D548I |
|
Residence : |
Via |
Pergolesi |
, 25 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Director |
|
Cascio |
Giuseppe |
|
Born in Trieste |
on 16/07/1944 |
- Fiscal Code : CSCGPP44L16L424M |
|
Residence : |
Foro |
Buonaparte |
, 31 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Cassigoli |
Giacomo |
|
Born in Borgo San Lorenzo |
on 15/04/1957 |
- Fiscal Code : CSSGCM57D15B036P |
|
Residence : |
Via |
Dell'aeroporto Fiumicino |
, 320 |
- 00100 |
Fiumicino |
(RM) |
- IT - |
|
Position |
|
Procurator |
|
Porta |
Giovanni |
|
Born in Tortona |
on 11/02/1948 |
- Fiscal Code : PRTGNN48B11L304O |
|
Residence : |
Foro |
Buonaparte |
, 0031 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Rossetti |
Giorgio |
|
Born in CATANZARO |
on 23/04/1946 |
- Fiscal Code : RSSGRG46D23C342E |
|
Residence : |
Via |
PERGOLESI |
, 25 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Paci |
Giuseppe |
|
Born in Sant'Elpidio A Mare |
on 18/11/1940 |
- Fiscal Code : PCAGPP40S18I324T |
|
Residence : |
Viale |
Dello Stadio |
, 87 |
- 05100 |
Terni |
(TR) |
- IT - |
|
Position |
|
Procurator |
|
Lancellotti |
Ezio |
|
Born in GENOVA |
on 03/06/1948 |
- Fiscal Code : LNCZEI48H03D969A |
|
Residence : |
Via |
BORGONUOVO |
, 14 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Attorney with special power |
|
Procurator |
|
Mariani |
Roberto |
|
Born in Terni |
on 01/08/1958 |
- Fiscal Code : MRNRRT58M01L117L |
|
Residence : |
Via |
Pergolesi |
, 25 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Pietropaoli |
Angelo |
|
Born in Gubbio |
on 25/08/1953 |
- Fiscal Code : PTRNGL53M25E256R |
|
Residence : |
Piazza |
Collestatte Alto |
, 10 |
- 05100 |
Terni |
(TR) |
- IT - |
|
Position |
|
Procurator |
|
Polpetta |
Luciano |
|
Born in Spoleto |
on 19/02/1949 |
- Fiscal Code : PLPLCN49B19I921N |
|
Residence : |
Piazza |
Guido Donegani |
, 4 |
- 05100 |
Terni |
(TR) |
- IT - |
|
Position |
|
Procurator |
|
Platz |
Charles Eining |
|
Born in District Of Colombia |
on 09/06/1944 |
- Fiscal Code : PLTCRL44H09 |
|
Position |
|
Director |
|
Stotvig |
Steinar |
|
Born in Larvik |
on 02/03/1943 |
- Fiscal Code : STTSNR43C02 |
|
Position |
|
Director |
|
Fucile |
Antonio |
|
Born in Caserta |
on 29/06/1959 |
- Fiscal Code : FCLNTN59H29B963A |
|
Residence : |
Via |
Luzzatti |
, 12 |
- 05100 |
Terni |
(TR) |
- IT - |
|
Position |
|
Procurator |
|
Morbiducci |
Maurizio |
|
Born in Milano |
on 14/06/1953 |
- Fiscal Code : MRBMRZ53H14F205Q |
|
Residence : |
Corso |
Garibaldi Giuseppe |
, 79 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Bigatti |
Alessandro |
|
Born in Magenta |
on 10/05/1965 |
- Fiscal Code : BGTLSN65E10E801G |
|
Residence : |
Via |
Piantanida |
, 12 |
- 20012 |
Cuggiono |
(MI) |
- IT - |
|
Position |
|
Procurator |
|
Cecchini |
Luciano |
|
Born in Gualdo Cattaneo |
on 02/05/1947 |
- Fiscal Code : CCCLCN47E02E229Z |
|
Residence : |
Via |
Montegrappa |
, 11 |
- 05100 |
Terni |
(TR) |
- IT - |
|
Position |
|
Procurator |
|
Silvestri |
Giorgio |
|
Born in Terni |
on 23/06/1958 |
- Fiscal Code : SLVGRG58H23L117Z |
|
Residence : |
Via |
Mola Di Bernardo |
, 24 |
- 05100 |
Terni |
(TR) |
- IT - |
|
Position |
|
Procurator |
|
Ferrari |
Patrizia |
|
Born in Milano |
on 29/04/1966 |
- Fiscal Code : FRRPRZ66D69F205I |
|
Residence : |
Campo |
Di Pile |
, 10 |
- 67100 |
L'Aquila |
(AQ) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Martinese |
Luigi |
|
Born in Taurisano |
on 29/10/1966 |
- Fiscal Code : MRTLGU66R29L064S |
|
Residence : |
Via |
Della Pergola |
, 2 |
- 53030 |
San Gimignano |
(SI) |
- IT - |
|
Position |
|
Director |
|
BAITEL |
SHAYA |
|
Born in POLONIA |
on 12/02/1946 |
- Fiscal Code : BTLSHY46B12Z127R |
|
Residence : |
KATZENSTEIN |
, 18 |
HAIFA |
- IL - |
|
Position |
|
Director |
|
Procurator |
|
DANKNER |
GIL JACOB |
|
Born in HAIFA |
on 26/07/1960 |
- Fiscal Code : DNKGJC60L26Z226E |
|
Residence : |
Via |
PERGOLESI GIOVANNI BATTISTA |
, 25 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Managing Director |
|
Director |
|
Board Chairman |
|
SOPRANI |
PAOLO |
|
Born in MILANO |
on 09/06/1948 |
- Fiscal Code : SPRPLA48H09F205C |
|
Residence : |
Via |
PERGOLESI GIOVANNI BATTISTA |
, 25 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Procurator |
Former seats
|
- |
Administrative seat |
|
|
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|
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|
Piazzale |
G. Donegani |
- 05100 |
- Terni |
(TR) |
- IT - |
|
- |
Branch |
(Administration ) |
since 28/11/1975 |
until 17/03/1997 |
|
|
|
|
|
Via |
Taramelli |
- 20100 |
- Milano |
(MI) |
- IT - |
|
The firm absorved |
|
Moplefan Sud - S.r.l. |
|
Zona Industriale |
, 84090 |
, Battipaglia |
(SA) |
- IT - |
|
Fiscal Code: 02571150651 |
|
Date |
: |
30/06/1999 |
|
The firm absorbed by merging of |
|
Moplefan Sud - S.r.l. |
|
Zona Industriale |
, 84090 |
, Battipaglia |
(SA) |
- IT - |
|
Fiscal Code: 02571150651 |
|
Date |
: |
30/06/1999 |
|
Project of merging by taking over of |
|
Moplefan Sud - S.r.l. |
|
Zona Industriale |
, 84090 |
, Battipaglia |
(SA) |
- IT - |
|
Fiscal Code: 02571150651 |
|
Date |
Merging/Splitting-up Project : |
13/07/1998 |
PAYMENTS ANALYSIS
The average term of debts to suplliers is normal compared with that
of the sector.
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 |
14.905.519 .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 1965
During the last years the subject suffered net losses and in 2006 r.o.e.
is -22,63%.
The operating result is negative.
The financial status of the company is fairly balanced with an
indebtedness level of 2,28 but with an increase as against the previous accounting
period.
The company does not exceed in bank credits; payments average period is
instead slightly high (144,68 gg.) however still within the sector's average.
Liquidity is good (1,02)
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
144.805.623 |
filed balance sheet |
|
Profit (Loss) for the period |
-5.964.162 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
131.729.210 |
filed balance sheet |
|
Profit (Loss) for the period |
-15.099.270 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
124.163.353 |
filed balance sheet |
|
Profit (Loss) for the period |
-20.210.173 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2003 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
124.012.754 |
filed balance sheet |
|
Profit (Loss) for the period |
-10.518.771 |
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 ) |
|
|
37.245.149 |
41.064.517 |
|
. Intangible assets |
|
|
864.988 |
1.124.227 |
|
. Tangible fixed assets |
|
|
23.088.771 |
27.495.755 |
|
. . Land and buildings |
|
|
14.905.519 |
15.675.996 |
|
. . Plants, Equipm.and Machinery |
|
|
6.549.746 |
11.095.813 |
|
. Long-term Investments |
|
|
13.291.390 |
12.444.535 |
|
. . Financial loans |
|
|
13.291.390 |
12.444.535 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
62.098.567 |
60.412.087 |
|
. Stock |
|
|
13.975.974 |
12.228.634 |
|
. Credits |
|
|
47.924.346 |
47.862.207 |
|
. . Credits to clients |
|
|
44.863.760 |
45.912.165 |
|
. . Other credits |
|
|
3.060.586 |
1.950.042 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
198.247 |
321.246 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
33.225 |
89.339 |
|
TOTAL ASSETS |
|
|
99.376.941 |
101.565.943 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
26.352.789 |
32.316.951 |
|
. Company's capital |
|
|
26.000.000 |
26.000.000 |
|
. Reserves |
|
|
6.316.951 |
21.416.221 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
-5.964.162 |
-15.099.270 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
5.580.026 |
6.137.143 |
|
SEVERANCE INDEMNITY FUND |
|
|
6.756.112 |
6.847.750 |
|
DEBTS |
|
|
60.495.160 |
55.891.002 |
|
. Financial M/L terms |
|
|
|
13.089.975 |
|
. . Financial M/L term banks |
|
|
|
13.089.975 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
2.945.197 |
12.388.200 |
|
. . Financial short-term banks |
|
|
2.945.197 |
12.388.200 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
52.794.205 |
24.866.985 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
4.755.758 |
5.545.842 |
|
ACCRUED EXPENSE |
|
|
192.854 |
373.097 |
|
TOTAL LIABILITIES |
|
|
99.376.941 |
101.565.943 |
|
. |
|
|
|
|
PROFIT AND LOSS ACCOUNTS
|
OUTPUT VALUE |
151.848.820 |
140.593.195 |
|
. Revenues from sales/services |
144.805.623 |
131.729.210 |
|
. Change of stock (products) |
701.258 |
987.506 |
|
OPERATING EXPENSES |
154.899.679 |
152.013.678 |
|
. Purchasing expenses |
106.828.552 |
103.576.476 |
|
. Change of stock (raw material) |
-1.046.082 |
-1.137.780 |
|
. Expenses from services |
24.353.779 |
12.974.604 |
|
. Expenses from leasing |
153.050 |
187.574 |
|
. General expenses/sundry charges |
2.177.194 |
9.051.468 |
|
. Staff expenses |
15.963.957 |
16.297.126 |
|
. Depreciation/Devaluation costs |
6.469.229 |
11.064.210 |
|
FINANCIAL REVENUES (CHARGES) |
-1.770.533 |
-1.562.304 |
|
. Financial charges |
-2.795.042 |
-2.563.703 |
|
. Financial revenues |
1.024.509 |
1.001.399 |
|
FINANCIAL ASSETS CORRECTION |
-1.153.145 |
-1.484.188 |
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
660.375 |
67.705 |
|
PROFIT (LOSS) FOR THE PERIOD |
-5.314.162 |
-14.399.270 |
|
TAX |
650.000 |
700.000 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
NET PROFIT (LOSS) |
-5.964.162 |
-15.099.270 |
RATIOS
|
|
Item |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
0,88 |
1,27 |
1,18 |
|
Net Short-term indebtedness |
Units |
- 1 |
2,28 |
1,31 |
2,52 |
|
Current ratio |
Units |
=> 1 |
1,02 |
1,41 |
1,25 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
0,79 |
1,12 |
0,83 |
|
Return on Sales |
% |
|
0,34 |
- 3,06 |
3,36 |
|
Average stock waiting period |
dd |
|
34,74 |
33,40 |
49,71 |
|
Credits to clients average term |
dd |
|
111,52 |
125,46 |
110,12 |
|
Debts to suppliers average term |
dd |
|
144,68 |
76,68 |
135,21 |
|
Net financial revenues/ charges incidence |
% |
|
- 1,22 |
- 1,18 |
- 1,67 |
|
Labour cost incidence |
% |
|
11,02 |
12,37 |
16,50 |
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:
678.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
3.839.216 |
|
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 41 significant companies.
The companies cash their credits on an average of 110 dd.
The average duration of suppliers debts is about 135 dd.
The sector's profitability is on an average of 3,36%.
The labour cost affects the turnover in the measure of 16,50%.
Goods are held in stock in a range of 49 dd.
The difference between the sales volume and the resources used to
realize it is about 0,97.
The employees costs represent the 16,67% 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 24.765.
The insolvency index for the region is 0,55, while for the province it
is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 42.00 |
|
UK Pound |
1 |
Rs. 82.14 |
|
Euro |
1 |
Rs. 65.09 |
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%)