MIRA INFORM REPORT
|
Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
CONCERIA JOLLY S.P.A. |
|
|
|
|
Registered Office : |
Via Rio
Camparolo, 5 , 36045- Lonigo (VI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
21.07.1986 |
|
|
|
|
Legal Form : |
Joint Stock
Company |
|
|
|
|
Line of Business : |
Tanning and Dyeing of Skins and Hides. |
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 550.000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Name & address
Conceria Jolly
S.p.a.
Via Rio
Camparolo, 5
36045 - Lonigo (VI) -IT-
SUMMARY
|
Fiscal Code |
: |
00686900242 |
|
Legal Form |
: |
Joint stock
company |
|
Start of
Activities |
: |
21/07/1986 |
|
Patrimonial
Consistence |
: |
Over 2.500.000 Eur
|
|
Turnover Range |
: |
15.500.000/18.000.000
Eur |
|
Number of
Employees |
: |
from 26 to 35 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
550.000 - Eur |
|
Score |
: |
Risk low |
|
Creditworthness
Rate |
: |
Excellent |
|
|
|
Financial/patrimonial
analysis very good - Credit with very low risk |
ACTIVITY
Tanning and dyeing of skins and hides.
LEGAL DATA
Legal Form : Joint stock company
|
Fiscal Code :
00686900242 |
|
Foreign Trade Reg.
no. : 1599 of Vicenza since 29/11/1991 |
|
Chamber of
Commerce no. : 147483 of Vicenza since 06/06/1979 |
|
Firms' Register :
VI116-9796 since 19/02/1996 |
|
V.A.T. Code :
00686900242 |
|
Court : 9796 of
Vicenza |
|
Foundation Date |
: 30/03/1979 |
|
|
Establishment Date |
: 30/03/1979 |
|
|
Start of
Activities |
: 21/07/1986 |
|
|
Legal Duration
Date |
: 31/12/2024 |
|
|
Nominal Capital |
: 2.582.500 |
Eur |
|
Subscribed Capital |
: 2.582.500 |
Eur |
|
Paid up Capital |
: 2.582.500 |
Eur |
MEMBERS
|
Bortoli |
Palmerino |
|
Born in San
Bonifacio |
(VR) |
on 06/04/1941 |
- Fiscal Code :
BRTPMR41D06H783W |
|
Residence : |
Via |
F.lli Cervi |
, 14 |
- 37047 |
San Bonifacio |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/05/2008 |
|
|
|
Assistant board
Chairman |
09/05/2008 |
|
|
No Protests registered.
|
Peretti |
Silvano |
|
Born in Arzignano |
(VI) |
on 05/08/1935 |
- Fiscal Code :
PRTSVN35M05A459X |
|
Residence : |
Via |
A. Palladio |
, 29 |
- 36045 |
Lonigo |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/05/2008 |
|
|
|
Board Chairman |
09/05/2008 |
|
|
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.
|
BORTOLI |
PALMERINO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
BORTOLI GIAN PAOLO
- PALMERINO E ELIDE |
San Bonifacio (VR)
- IT - |
02764480238 |
Partner |
Dismiss |
Ceased |
|
CONCERIA TRIS -
S.P.A. |
Lonigo (VI) - IT - |
00163270242 |
Director |
Active |
Registered |
|
CONCERIA TRIS -
S.P.A. |
Lonigo (VI) - IT - |
00163270242 |
Board Chairman |
Active |
Registered |
|
ILLEPELLI S.P.A. |
Lonigo (VI) - IT - |
01908280249 |
Director |
Active |
Registered |
|
ILLEPELLI S.P.A. |
Lonigo (VI) - IT - |
01908280249 |
Procurator |
Active |
Registered |
|
ILLEPELLI S.P.A. |
Lonigo (VI) - IT - |
01908280249 |
Institor |
Active |
Registered |
|
ILLEPELLI S.P.A. |
Lonigo (VI) - IT - |
01908280249 |
Managing Director |
Active |
Registered |
|
ILLEPELLI S.P.A. |
Lonigo (VI) - IT - |
01908280249 |
Board Chairman |
Active |
Registered |
|
PERETTI |
SILVANO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CONCERIA TRIS -
S.P.A. |
Lonigo (VI) - IT - |
00163270242 |
Director |
Active |
Registered |
|
CONCERIA TRIS -
S.P.A. |
Lonigo (VI) - IT - |
00163270242 |
Assistant board
Chairman |
Active |
Registered |
|
ILLEPELLI S.P.A. |
Lonigo (VI) - IT - |
01908280249 |
Director |
Active |
Registered |
|
ILLEPELLI S.P.A. |
Lonigo (VI) - IT - |
01908280249 |
Procurator |
Active |
Registered |
|
ILLEPELLI S.P.A. |
Lonigo (VI) - IT - |
01908280249 |
Managing Director |
Active |
Registered |
|
LA CENTRALE S.A.S.
DI PERETTI SILVANO E C. |
Lonigo (VI) - IT - |
00792560245 |
General Partner |
Active |
Registered |
|
PERETTI SILVANO |
Alonte (VI) - IT - |
PRTSVN35M05A459X |
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 |
|
Bortoli Palmerino |
San Bonifacio - IT
- |
BRTPMR41D06H783W |
1.265.425 .Eur |
49,00 |
|
Peretti Silvano |
Lonigo - IT - |
PRTSVN35M05A459X |
1.265.425 .Eur |
49,00 |
|
Rigodanza Giovanna
|
San Bonifacio - IT
- |
RGDGNN52E62H783E |
25.825 .Eur |
1,00 |
|
Peretti Caterina |
Lonigo - IT - |
PRTCRN35H60A459Y |
25.825 .Eur |
1,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Utiac Spa |
Arzignano - IT - |
02934120243 |
17.500 .Eur |
1,02 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and
operative seat |
|
in : |
|
|
|
|
|
Via |
Rio Camparolo |
, 5 |
- 36045 - |
Lonigo |
(VI) |
- IT - |
|
|
|
|
PHONE |
: 0444/484099 |
|
- |
Branch |
(Factory ) |
since 21/07/1986 |
in : |
|
|
|
|
|
Via |
E. Fermi Z.i. |
, 2 |
- 36050 - |
Zermeghedo |
(VI) |
- IT - |
|
|
|
|
PHONE |
: 0444/685740 |
|
|
|
|
PHONE |
: 0444/685722 |
|
|
|
|
Employees |
: 34 |
|
|
|
|
Fittings and
Equipment |
for a value of 800.000 |
Eur |
|
|
|
|
Stocks |
for a value of 1.780.000 |
Eur |
|
|
|
|
Furniture and fittings
|
for a value of 26.000 |
Eur |
|
|
|
|
Vehicles |
for a value of 77.000 |
Eur |
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- its own agents |
|
- direct orders to
foreign companies |
Export represents from 20% to 50% of the global turnover.
Products abroad are placed by :
|
- direct orders
from foreign companies |
|
- its own agents |
Import comes generally from the following nations:
|
- Islanda |
Export is mainly towards:
|
- Islanda |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Changes to the legal form |
|
Former legal form |
New legal form |
Changement Date |
|
Limited
partnership |
Limited liability
company |
19/12/1986 |
|
Limited liability
company |
Joint stock
company |
11/03/1999 |
Company Style modifications
|
Former Style |
New Style |
Changement Date |
|
Conceria Jolly Srl
|
Conceria Jolly SpA
|
11/03/1999 |
Ex-Members / Ex-Positions
|
Peretti |
Silvano |
|
Born in Arzignano |
on 05/08/1935 |
- Fiscal Code :
PRTSVN35M05A459X |
|
Residence : |
Via |
A. Palladio |
, 29 |
- 36045 |
Lonigo |
(VI) |
- IT - |
|
Position |
|
Assistant board
Chairman |
|
Managing Director |
|
Board Chairman |
|
Bartoli |
Palmerino |
|
Born in San
Bonifacio |
on 06/04/1941 |
- Fiscal Code :
BRTPMR41D06H783W |
|
Residence : |
Via |
F.Lli Cervi |
, 14 |
- 37047 |
San Bonifacio |
(VR) |
- IT - |
|
Position |
|
Assistant board
Chairman |
|
Managing Director |
|
Rigodanza |
Giovanna |
|
Born in San
Bonifacio |
on 22/05/1952 |
- Fiscal Code :
RGDGNN52E62H783E |
|
Residence : |
Via |
F.Lli Cervi |
, 14 |
- 37047 |
San Bonifacio |
(VR) |
- IT - |
|
Position |
|
Director |
|
Peretti |
Caterina |
|
Born in Arzignano |
on 20/06/1935 |
- Fiscal Code :
PRTCRN35H60A459Y |
|
Residence : |
Via |
A. Palladio |
, 29 |
- 36045 |
Lonigo |
(VI) |
- IT - |
|
Position |
|
Director |
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 Month : n. 1 times.
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 |
487.843 .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 1986
During the last years, it achieved profits (r.o.e. 3,78% on 2006) with
an increase in 2006 (+8,61%).
The return on Investment in the last financial year was positive (4,95%)
falling within the field's average.
The financial status of the company is fairly balanced with an
indebtedness level of 1,05 yet on the increase as against the previous
accounting period.
Bank exsposure is limited and the suppliers' credit is modest too, 52,74
gg. is the payment average period which is also lower than the sector average.
The liquidity level is positive (1,61).
FINANCIAL DATA
|
Complete
balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
17.227.670 |
filed balance
sheet |
|
Profit (Loss) for
the period |
150.813 |
filed balance
sheet |
|
Complete
balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
15.860.754 |
filed balance
sheet |
|
Profit (Loss) for
the period |
262.842 |
filed balance
sheet |
|
Complete
balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
18.353.217 |
filed balance
sheet |
|
Profit (Loss) for
the period |
524.970 |
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
) |
|
|
1.359.735 |
1.406.888 |
|
. Intangible
assets |
|
|
4.719 |
7.079 |
|
. Tangible fixed
assets |
|
|
1.354.500 |
1.399.293 |
|
. . Land and
buildings |
|
|
487.843 |
481.856 |
|
. . Plants,
Equipm.and Machinery |
|
|
797.201 |
834.698 |
|
. Long-term
Investments |
|
|
516 |
516 |
|
. . Financial
loans |
|
|
516 |
516 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
7.432.054 |
6.541.029 |
|
. Stock |
|
|
1.778.921 |
903.576 |
|
. Credits |
|
|
5.270.576 |
5.248.465 |
|
. . Credits to
clients |
|
|
4.911.021 |
4.914.499 |
|
. . Other credits |
|
|
359.555 |
333.966 |
|
. Short-term financial
assets |
|
|
|
|
|
. Liquid assets |
|
|
382.557 |
388.988 |
|
ACCRUED
INCOME-DEFERR. ASSETS |
|
|
25.304 |
105 |
|
TOTAL ASSETS |
|
|
8.817.093 |
7.948.022 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
3.980.141 |
3.829.329 |
|
. Company's
capital |
|
|
2.582.500 |
2.582.500 |
|
. Reserves |
|
|
1.246.828 |
983.987 |
|
. Reserves
company's own shares |
|
|
|
|
|
. Retained profits
(losses) |
|
|
|
|
|
. Profit (loss) |
|
|
150.813 |
262.842 |
|
PROVISION FOR RISKS
AND LOSSES |
|
|
|
389 |
|
SEVERANCE
INDEMNITY FUND |
|
|
247.464 |
203.756 |
|
DEBTS |
|
|
4.589.488 |
3.914.548 |
|
. Financial M/L
terms |
|
|
|
466.707 |
|
. . Financial M/L
term banks |
|
|
|
|
|
. . Financial M/L
bonds |
|
|
|
|
|
. . Other
financial M/L debts |
|
|
|
466.707 |
|
. Financial
short-term debts |
|
|
1.960.422 |
582.063 |
|
. . Financial
short-term banks |
|
|
1.493.715 |
582.063 |
|
. . Financial
short-term bonds |
|
|
|
|
|
. . Other
financial short-term debts |
|
|
466.707 |
|
|
. M/L term debts
to suppliers |
|
|
|
|
|
. Short-term debts
to suppliers |
|
|
2.395.662 |
2.595.913 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry
short-term debts |
|
|
233.404 |
269.865 |
|
ACCRUED EXPENSE |
|
|
|
|
|
TOTAL
LIABILITIES |
|
|
8.817.093 |
7.948.022 |
PROFIT AND LOSS ACCOUNTS
|
|
|
|
|
|
|
OUTPUT VALUE |
|
|
17.700.325 |
15.798.886 |
|
. Revenues from
sales/services |
|
|
17.227.670 |
15.860.754 |
|
. Change of stock
(products) |
|
|
455.504 |
-94.209 |
|
OPERATING EXPENSES |
|
|
17.263.866 |
15.213.693 |
|
. Purchasing
expenses |
|
|
13.293.320 |
9.856.864 |
|
. Change of stock
(raw material) |
|
|
-419.841 |
1.208.693 |
|
. Expenses from services |
|
|
3.054.251 |
2.651.469 |
|
. Expenses from
leasing |
|
|
|
|
|
. General
expenses/sundry charges |
|
|
48.300 |
27.548 |
|
. Staff expenses |
|
|
1.003.178 |
932.550 |
|
.
Depreciation/Devaluation costs |
|
|
284.658 |
536.569 |
|
FINANCIAL REVENUES
(CHARGES) |
|
|
-105.419 |
-115.053 |
|
. Financial
charges |
|
|
-111.044 |
-116.662 |
|
. Financial
revenues |
|
|
5.625 |
1.609 |
|
FINANCIAL ASSETS
CORRECTION |
|
|
|
|
|
EXTRAORDINARY
FINANCIAL REVENUES (CHARGES) |
|
|
-2.640 |
32.648 |
|
PROFIT (LOSS) FOR
THE PERIOD |
|
|
328.400 |
502.788 |
|
TAX |
|
|
177.587 |
239.946 |
|
CORRECT./ALLOCAT.
FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
150.813 |
262.842 |
RATIOS
|
|
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
3,10 |
3,19 |
1,97 |
|
Net Short-term
indebtedness |
Units |
- 1 |
l |
1,05 |
0,79 |
2,92 |
|
Current ratio |
Units |
=> 1 |
l |
1,61 |
1,89 |
1,22 |
|
Acid Test
Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
1,23 |
1,63 |
0,86 |
|
Return on Sales |
% |
|
l |
2,52 |
5,04 |
2,15 |
|
Average stock
waiting period |
dd |
|
l |
37,15 |
20,48 |
59,23 |
|
Credits to clients
average term |
dd |
|
l |
102,60 |
111,52 |
125,33 |
|
Debts to suppliers
average term |
dd |
|
l |
52,74 |
74,70 |
126,62 |
|
Net financial
revenues/ charges incidence |
% |
|
l |
- 0,61 |
- 0,72 |
- 1,23 |
|
Labour cost
incidence |
% |
|
l |
5,82 |
5,87 |
10,84 |
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:
550.000 .Eur.
MARKET / TERRITORY DATA
|
Population living
in the province |
: |
831.356 |
|
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 514 significant companies.
The companies cash their credits on an average of 125 dd.
The average duration of suppliers debts is about 126 dd.
The sector's profitability is on an average of 2,15%.
The labour cost affects the turnover in the measure of 10,84%.
Goods are held in stock in a range of 59 dd.
The difference between the sales volume and the resources used to
realize it is about 1,29.
The employees costs represent the 10,88% 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 2.234.
The insolvency index for the region is 0,30, while for the province it
is 0,27.
Total Bankrupt companies in the province : 2.546.
Total Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.23 |
|
UK Pound |
1 |
Rs.80.89 |
|
Euro |
1 |
Rs.63.80 |
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%)