MIRA
INFORM REPORT
|
Report Date : |
19.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
FALCIONI S.R.L. |
|
|
|
|
Registered Office : |
Via Selice Provinciale, 23/A, 40026 – Imola (BO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
25.03.1996 |
|
|
|
|
Com. Reg. No.: |
PN033-1996-59583 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Machine Tools for Metal Working and Tools for Machines. |
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 193.000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
|
Falcioni S.r.l. |
|
Via |
Selice Provinciale, |
23/A |
|
40026 |
- Imola |
(BO) |
-IT- |
SUMMARY
|
Fiscal Code |
: |
01313780932 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
Start of Activities |
: |
20/12/2002 |
|
Patrimonial Consistence |
: |
750.000 Eur |
|
Turnover Range |
: |
10.000.000/12.750.000 Eur |
|
Number of Employees |
: |
from 51 to 70 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
193.000 - Eur |
|
Score |
: |
Risk normal |
|
Creditworthness Rate |
: |
Sufficient |
|
|
|
Financial situation is not at its best, but credit is possible with |
|
|
|
no particular risks. |
ACTIVITY
Manufacture of machine tools for metal working and tools for machines.
LEGAL DATA
Legal Form : Sole-Member Limited Liability
Company
|
Fiscal Code : 01313780932 |
|
Chamber of Commerce no.
: 430443 of Bologna since 22/01/2003 |
|
Chamber of Commerce no.
: 56928 of Pordenone since 15/05/1996 |
|
Chamber of Commerce no.
: 156587 of Pesaro |
|
Firms' Register : PN033-1996-59583 since 11/07/1996 |
|
V.A.T. Code : 01313780932 |
|
Establishment Date |
: 25/03/1996 |
|
|
Start of Activities |
: 20/12/2002 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 100.000 |
Eur |
|
Subscribed Capital |
: 100.000 |
Eur |
|
Paid up Capital |
: 100.000 |
Eur |
MEMBERS
|
Scala |
Roberto |
|
Born in Imola |
(BO) |
on 27/03/1958 |
- Fiscal Code : SCLRRT58C27E289P |
|
Residence : |
Via |
Montanara |
, 8 |
- 40026 |
Imola |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/05/2006 |
|
|
|
Board Chairman |
26/05/2006 |
|
|
No Protests registered.
|
Pricewaterhousecoopers S.p.a. In Breve |
Pwc |
|
- Fiscal Code : 12979880155 |
|
Residence : |
Viale |
Monte Rosa |
, 91 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditing company |
30/05/2008 |
|
|
|
Cefla Capital Services S.p.a. |
|
|
- Fiscal Code : 02098231208 |
|
Via |
Selice Provinciale |
, 23/A |
- 40026 |
Imola |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
No Protests registered.
|
Poggi |
Luciano |
|
Born in Castel Bolognese |
(RA) |
on 06/06/1955 |
- Fiscal Code : PGGLCN55H06C065V |
|
Residence : |
Via |
Togliatti |
, 195/I |
- 48014 |
Castel Bolognese |
(RA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/05/2008 |
|
|
No Protests registered.
|
Raggi |
Gianni |
|
Born in Imola |
(BO) |
on 05/12/1949 |
- Fiscal Code : RGGGNN49T05E289V |
|
Residence : |
Via |
Codrignano |
, 70 |
- 40026 |
Imola |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
26/05/2006 |
|
|
|
Attorney with special power |
03/06/2002 |
|
|
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.
|
SCALA |
ROBERTO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CEFLA SOCIETA' COOPERATIVA IN SIGLA CEFLA S.C. |
Imola (BO) - IT - |
00293150371 |
Attorney with special power |
Active |
Registered |
|
COMIMPIANTI E FALCIONI S.R.L. |
Montelabbate (PS) - IT - |
01046840417 |
Director |
Dismiss |
Ceased |
|
COMIMPIANTI E FALCIONI S.R.L. |
Montelabbate (PS) - IT - |
01046840417 |
Board Chairman |
Dismiss |
Ceased |
|
DELLE VEDOVE LEVIGATRICI S.P.A. |
Pordenone (PN) - IT - |
00187870936 |
Director |
Active |
Registered |
|
DELLE VEDOVE LEVIGATRICI S.P.A. |
Pordenone (PN) - IT - |
00187870936 |
General Manager |
Active |
Registered |
|
DELLE VEDOVE LEVIGATRICI S.P.A. |
Pordenone (PN) - IT - |
00187870936 |
Board Chairman |
Active |
Registered |
|
SORBINI S.R.L. |
Pesaro (PS) - IT - |
01484530413 |
Director |
Active |
Registered |
|
RAGGI |
GIANNI |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
C.E.P.R.A. CENTRO PROMOZIONALE ACIMALL S.P.A. PER BREVITA' DENOMINATA
ANCHE C.E. |
Assago (MI) - IT - |
04701000152 |
Director |
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 |
|
Cefla Capital Services S.p.a. |
Imola - IT - |
02098231208 |
100.000 .Eur |
100,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Comimpianti E Falcioni S.r.l. |
Montelabbate - IT - |
01046840417 |
255.000 .Eur |
100,00 |
Ceased |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Selice Provinciale |
, 23/A |
- 40026 - |
Imola |
(BO) |
- IT - |
|
|
|
|
PHONE |
: 0434/8440 |
|
- |
Branch |
(Factory ) |
since 10/02/2003 |
in : |
|
|
|
|
|
Via |
Leonardo Da Vinci |
, 1/5 |
- 61025 - |
Montelabbate |
(PS) |
- IT - |
|
|
|
|
PHONE |
: 0721/494711 |
|
|
|
|
FAX |
: 0721/499940 |
|
- |
Branch |
(Factory ) |
since 02/08/2004 |
in : |
|
|
|
|
|
Via |
Fermi |
, 8/10/12 |
- 61025 - |
Montelabbate |
(PS) |
- IT - |
|
|
|
|
Employees |
: 61 |
|
|
|
|
Fittings and Equipment |
for a value of
930.000 |
Eur |
|
|
|
|
Stocks |
for a value of
2.900.000 |
Eur |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Ex-Members /
Ex-Positions |
|
Domenicali |
Alberto |
|
Born in IMOLA |
on 21/08/1938 |
- Fiscal Code : DMNLRT38M21E289U |
|
Residence : |
Via |
RESPIGHI |
, 36 |
- 40026 |
Imola |
(BO) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Montanari |
Nicola |
|
Born in Bologna |
on 13/06/1969 |
- Fiscal Code : MNTNCL69H13A944B |
|
Residence : |
Via |
Del Genio |
, 11 |
- 40100 |
Bologna |
(BO) |
- IT - |
|
Position |
|
Director |
|
Pellegrini |
Gian Luca |
|
Born in Arbon |
on 11/08/1970 |
- Fiscal Code : PLLGLC70M11Z133X |
|
Residence : |
Via |
Zol |
, 30 |
- 33080 |
Fiume Veneto |
(PN) |
- IT - |
|
Position |
|
Director |
|
Pellegrini |
Raoul Elio |
|
on 11/11/1968 |
- Fiscal Code : PLLRLL68S11Z133R |
|
Residence : |
Via |
Grigoletti |
, 109 |
- 33170 |
Pordenone |
(PN) |
- IT - |
|
Position |
|
Director |
|
Basigli |
Alfredo |
|
Born in Massa Lombarda |
on 06/11/1959 |
- Fiscal Code : BSGLRD59S06F029D |
|
Residence : |
Via |
Beccaria |
, 3 |
- 40026 |
Imola |
(BO) |
- IT - |
|
Position |
|
Director |
|
The firm absorbed by merging of |
|
Comimpianti E Falcioni S.r.l. |
|
Via |
Leonardo Da Vinci |
, 1/3/5 |
, 61025 |
, Montelabbate |
(PS) |
- IT - |
|
Fiscal Code: 01046840417 |
|
Date |
: |
19/07/2004 |
|
Project of merging by taking over of |
|
Comimpianti E Falcioni S.r.l. |
|
Via |
Leonardo Da Vinci |
, 1/3/5 |
, 61025 |
, Montelabbate |
(PS) |
- IT - |
|
Fiscal Code: 01046840417 |
|
Date |
Merging/Splitting-up Project : |
07/04/2004 |
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.
None reported in the name of the Firm.
FINANCIAL AND ECONOMICAL ANALYSIS
Company's starting of activities dates back to 2002.
During the last years, it achieved profits (r.o.e. 66,2% on 2007)
The operating result in 2007 was positive (15,03%) and reflects the
field's average.
The ratio between shareholder's equity and borrowed capital is not well
balanced, the indebtedness level is equal to 7,2 which is also improving if
compared to the previous year.
Financial indebdtedness is under control whereas debts to suppliers are
frequent however still within the sector's average.
Liquid assets are good.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
11.585.624 |
filed balance sheet |
|
Profit (Loss) for the period |
411.437 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
12.675.653 |
filed balance sheet |
|
Profit (Loss) for the period |
903.814 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
8.986.914 |
filed balance sheet |
|
Profit (Loss) for the period |
215.446 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
6.908.968 |
filed balance sheet |
|
Profit (Loss) for the period |
-26.618 |
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 31/12/2007 - Months 12 - Currency Eur - Amounts x 1 |
|
Balance Sheet as
at 31/12/2006 - Months 12 - Currency Eur - Amounts x 1 |
|
Years |
|
|
2007 |
2006 |
|
|
BALANCE SHEET
ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
293.967 |
330.784 |
|
. Intangible assets |
|
|
179.962 |
207.689 |
|
. Tangible fixed assets |
|
|
108.853 |
117.943 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
70.415 |
73.989 |
|
. Long-term Investments |
|
|
5.152 |
5.152 |
|
. . Financial loans |
|
|
5.152 |
5.152 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
5.513.568 |
7.549.789 |
|
. Stock |
|
|
1.320.219 |
1.282.364 |
|
. Credits |
|
|
4.186.330 |
6.239.966 |
|
. . Credits to clients |
|
|
3.858.096 |
5.968.723 |
|
. . Other credits |
|
|
328.234 |
271.243 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
7.019 |
27.459 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
20.340 |
13.672 |
|
TOTAL ASSETS |
|
|
5.827.875 |
7.894.245 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
621.446 |
1.113.823 |
|
. Company's capital |
|
|
100.000 |
100.000 |
|
. Reserves |
|
|
110.009 |
110.009 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
411.437 |
903.814 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
254.039 |
147.385 |
|
SEVERANCE INDEMNITY FUND |
|
|
470.371 |
505.077 |
|
DEBTS |
|
|
4.482.019 |
6.127.960 |
|
. Financial M/L terms |
|
|
|
|
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
18 |
2.401 |
|
. . Financial short-term banks |
|
|
18 |
2.401 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
3.727.774 |
5.358.925 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
754.227 |
766.634 |
|
ACCRUED EXPENSE |
|
|
|
|
|
TOTAL LIABILITIES |
|
|
5.827.875 |
7.894.245 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
11.748.487 |
12.564.962 |
|
. Revenues from sales/services |
|
|
11.585.624 |
12.675.653 |
|
. Change of stock (products) |
|
|
112.143 |
-186.517 |
|
OPERATING EXPENSES |
|
|
10.872.419 |
10.844.739 |
|
. Purchasing expenses |
|
|
6.098.908 |
6.418.057 |
|
. Change of stock (raw material) |
|
|
46.704 |
-121.059 |
|
. Expenses from services |
|
|
2.125.889 |
1.949.508 |
|
. Expenses from leasing |
|
|
302.458 |
279.928 |
|
. General expenses/sundry charges |
|
|
210.122 |
97.936 |
|
. Staff expenses |
|
|
1.978.637 |
2.096.233 |
|
. Depreciation/Devaluation costs |
|
|
109.701 |
124.136 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-19.874 |
-58.781 |
|
. Financial charges |
|
|
-19.874 |
-58.781 |
|
. Financial revenues |
|
|
|
|
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
14.157 |
458 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
870.351 |
1.661.900 |
|
TAX |
|
|
458.914 |
758.086 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
411.437 |
903.814 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2007 |
as at 31/12/2006 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
3,71 |
4,89 |
1,79 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
7,20 |
5,47 |
2,65 |
|
Current ratio |
Units |
=> 1 |
l |
1,23 |
1,23 |
1,30 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,93 |
1,02 |
0,91 |
|
Return on Sales |
% |
|
l |
4,49 |
8,10 |
4,16 |
|
Average stock waiting period |
dd |
|
l |
41,00 |
36,39 |
64,04 |
|
Credits to clients average term |
dd |
|
l |
119,88 |
169,48 |
130,89 |
|
Debts to suppliers average term |
dd |
|
l |
157,35 |
223,09 |
160,56 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 0,17 |
- 0,46 |
- 0,96 |
|
Labour cost incidence |
% |
|
l |
17,07 |
16,53 |
23,38 |
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:
193.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
944.297 |
|
Population living in the region |
: |
4.151.369 |
|
Number of families in the region |
: |
1.748.359 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
2.063 |
|
- per energy consume |
: |
143 |
SECTOR DATA
The values are calculated on a base of 1.227 significant companies.
The companies cash their credits on an average of 130 dd.
The average duration of suppliers debts is about 160 dd.
The sector's profitability is on an average of 4,16%.
The labour cost affects the turnover in the measure of 23,38%.
Goods are held in stock in a range of 64 dd.
The difference between the sales volume and the resources used to
realize it is about 1,08.
The employees costs represent the 23,75% 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 18.860 protested subjects are found; in the province they
count to 3.720.
The insolvency index for the region is 0,46, while for the province it
is 0,40.
Total Bankrupt companies in the province : 4.335.
Total Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.58 |
|
UK Pound |
1 |
Rs.81.43 |
|
Euro |
1 |
Rs.64.52 |
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%)