MIRA
INFORM REPORT
|
Report Date : |
18.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
DAMP S.R.L. |
|
|
|
|
Registered Office : |
Via Giuseppe Mazzini, 5 24060 - San Paolo d'Argon (BG) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
16.11.1993 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing of equipment for distribution and control of electric
power. Manufacture and apllication of shaped cells of sundry materials for
isolation and soundproofing for industry's use. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
Eur 20.000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
name & address
|
Damp S.r.l. |
|
Via |
Giuseppe Mazzini, |
5 |
|
24060 |
- San Paolo d'Argon |
(BG) |
-IT- |
SUMMARY
|
Fiscal Code |
: |
02271900165 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
Start of Activities |
: |
16/11/1993 |
|
Patrimonial Consistence |
: |
Unknown. |
|
Turnover Range |
: |
3.000.000/3.750.000 Eur |
|
Number of Employees |
: |
fom 6 to 10 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
20.000 - Eur |
|
Score |
: |
Risk high |
|
Creditworthness Rate |
: |
Scanty |
|
|
|
Commercial trend and economic/financial situation not adequate - |
|
|
|
Caution recommended for credit transaction. |
ACTIVITY
Manufacturing of equipment for distribution and control of electric
power.
Manufacture and apllication of shaped cells of sundry materials for
isolation and soundproofing for industry's use.
LEGAL DATA
Legal Form : Sole-Member Limited Liability
Company
|
Fiscal Code
: 02271900165 |
|
Foreign Trade Reg. no.
: 033085 of Bergamo since 15/12/1993 |
|
Chamber of Commerce no. :
276447 of Bergamo since 09/12/1993 |
|
Firms' Register
: 46958 |
|
Firms' Register
: BG024-46958 since 19/02/1996 |
|
V.A.T. Code
: 02271900165 |
|
Establishment Date |
: 16/11/1993 |
|
|
Start of Activities |
: 16/11/1993 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 10.000 |
Eur |
|
Subscribed Capital |
: 10.000 |
Eur |
|
Paid up Capital |
: 10.000 |
Eur |
MEMBERS
|
Haas |
Guntram |
|
Born in Graz |
on 29/07/1967 |
- Fiscal Code : HSAGTR67L29Z102W |
|
Residence : |
Via |
Mazzini |
, 5 |
- 24060 |
San Paolo d'Argon |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
09/02/2008 |
|
|
No Protests registered.
|
Mosdorfer Gmbh |
|
|
- Fiscal Code : 90045640217 |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
No Protests registered.
|
Kaltmann |
Erich |
|
Born in Wundschuh |
on 08/09/1969 |
- Fiscal Code : KLTRCH69P08Z102C |
|
Residence : |
Via |
G.mazzini |
, 5 |
- 24060 |
San Paolo d'Argon |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
12/02/2008 |
|
|
No Protests registered.
COMPANIES CONNECTED TO MEMBERS *
*checkings have been performed on a national scale.
The Members of the subject firm are not reported to be Members in other
companies.
CAPITAL SHAREHOLDERS
|
Style / Name |
Seat / Address |
Fiscal Code |
Owned Shares |
% of Ownership |
|
Mosdorfer Gmbh |
|
90045640217 |
|
100,00 |
DIRECT PARTICIPATIONS
The Company under review has no participations in other Companies.
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Giuseppe Mazzini |
, 5 |
- 24060 - |
San Paolo d'Argon |
(BG) |
- IT - |
|
|
|
|
PHONE |
: 035/959390 |
|
|
|
|
PHONE |
: 035/953964 |
|
- |
Branch |
(Factory ) |
since 25/05/1998 |
in : |
|
|
|
|
|
Via |
Cav. Di Vittorio Veneto |
, 47 |
- 24060 - |
Carobbio degli Angeli |
(BG) |
- IT - |
|
|
|
|
Employees |
: 9 |
|
|
|
|
Fittings and Equipment |
for a value of
270.000 |
Eur |
|
|
|
|
Stocks |
for a value of
840.000 |
Eur |
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 |
27/12/2004 |
|
Ex-Members /
Ex-Positions |
|
Taglietti |
Francesco |
|
Born in Coccaglio |
on 28/10/1955 |
- Fiscal Code : TGLFNC55R28C806E |
|
Residence : |
Via |
G.b. Moroni |
, 49 |
- 24064 |
Grumello del Monte |
(BG) |
- IT - |
|
Position |
|
Director |
|
Board Chairman |
|
Cavalli |
Eros |
|
Born in Bergamo |
on 10/05/1957 |
- Fiscal Code : CVLRGR57E10A794P |
|
Residence : |
Via |
A.scolari |
, 4 |
- 24060 |
Sovere |
(BG) |
- IT - |
|
Position |
|
Director |
|
Procurator |
|
Margiotta |
Roberto |
|
Born in Soncino |
on 29/07/1948 |
- Fiscal Code : MRGRRT48L29I827C |
|
Residence : |
Via |
Castagneta |
, 8/A |
- 24100 |
Bergamo |
(BG) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Cocco |
Pierluigi |
|
Born in Bergamo |
on 10/07/1949 |
- Fiscal Code : CCCPLG49L10A794S |
|
Residence : |
Via |
Don Luigi Palazzolo |
, 23/C |
- 24100 |
Bergamo |
(BG) |
- IT - |
|
Position |
|
Supervisory Board Chairman |
|
Carrara |
Alberto |
|
Born in Bergamo |
on 09/03/1961 |
- Fiscal Code : CRRLRT61C09A794P |
|
Residence : |
Via |
A. Maj |
, 14/D |
- 24100 |
Bergamo |
(BG) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Daglio |
Paola |
|
Born in Bergamo |
on 01/10/1960 |
- Fiscal Code : DGLPLA60R41A794U |
|
Residence : |
Via |
Armando Diaz |
, 48 |
- 24100 |
Bergamo |
(BG) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Vavassori |
Pierangela |
|
Born in Urgnano |
on 12/04/1961 |
- Fiscal Code : VVSPNG61D52L502Q |
|
Residence : |
Via |
Pace |
, 70 |
- 24050 |
Spirano |
(BG) |
- IT - |
|
Position |
|
Permanent Auditor |
|
VALSECCHI |
BRUNO |
|
Born in CISANO BERGAMASCO |
on 18/11/1958 |
- Fiscal Code : VLSBRN58S18C728S |
|
Residence : |
Via |
CADIPASSERE |
, 6 |
- 24030 |
Villa d'Adda |
(BG) |
- IT - |
|
Position |
|
Attorney with special power |
|
FORESTI |
VINCENZO |
|
Born in BERGAMO |
on 14/05/1950 |
- Fiscal Code : FRSVCN50E14A794S |
|
Residence : |
Via |
S.GOISIS |
, 5 |
- 24100 |
Bergamo |
(BG) |
- IT - |
|
Position |
|
Director |
|
DE GENNARO |
ANTONIO |
|
Born in GIOIA TAURO |
on 13/03/1944 |
- Fiscal Code : DGNNTN44C13E041E |
|
Residence : |
VIA FONTE GIARDINI |
, 94 |
- 66010 |
San Martino sulla Marrucina |
(CH) |
- CH - |
|
Position |
|
Director |
PAYMENTS ANALYSIS
The average term of debts to suppliers is higher than the sector one.
PAYMENTS SCORE : - No insolvency
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
Which is rising compared to 2006.
The recourse to suppliers' credit is substantial with long payments
average period
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
3.378.063 |
filed balance sheet |
|
Profit (Loss) for the period |
-832.638 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
3.480.309 |
filed balance sheet |
|
Profit (Loss) for the period |
-1.116.540 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
5.001.000 |
filed balance sheet |
|
Profit (Loss) for the period |
-916.000 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
2.209.252 |
filed balance sheet |
|
Profit (Loss) for the period |
-13.743 |
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 ) |
|
|
794.204 |
1.070.405 |
|
. Intangible assets |
|
|
2.667 |
250.000 |
|
. Tangible fixed assets |
|
|
154.014 |
182.882 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
138.818 |
|
|
. Long-term Investments |
|
|
637.523 |
637.523 |
|
. . Financial loans |
|
|
|
637.523 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
2.747.649 |
2.852.953 |
|
. Stock |
|
|
906.161 |
1.120.262 |
|
. Credits |
|
|
1.757.383 |
1.665.622 |
|
. . Credits to clients |
|
|
1.408.262 |
1.665.622 |
|
. . Other credits |
|
|
349.121 |
|
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
84.105 |
67.069 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
107.394 |
117.744 |
|
TOTAL ASSETS |
|
|
3.649.247 |
4.041.102 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
-690.351 |
142.288 |
|
. Company's capital |
|
|
44.000 |
44.000 |
|
. Reserves |
|
|
98.287 |
1.214.828 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
-832.638 |
-1.116.540 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
|
10.000 |
|
SEVERANCE INDEMNITY FUND |
|
|
112.027 |
99.454 |
|
DEBTS |
|
|
4.149.953 |
3.696.372 |
|
. Financial M/L terms |
|
|
1.099.037 |
|
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
1.099.037 |
|
|
. Financial short-term debts |
|
|
674.489 |
|
|
. . Financial short-term banks |
|
|
74.489 |
|
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
600.000 |
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
1.919.943 |
|
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
456.484 |
|
|
ACCRUED EXPENSE |
|
|
77.618 |
92.988 |
|
TOTAL LIABILITIES |
|
|
3.649.247 |
4.041.102 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
3.584.567 |
3.831.478 |
|
. Revenues from sales/services |
|
|
3.378.063 |
3.480.309 |
|
. Change of stock (products) |
|
|
14.249 |
349.839 |
|
OPERATING EXPENSES |
|
|
4.397.259 |
3.968.146 |
|
. Purchasing expenses |
|
|
2.651.237 |
2.332.443 |
|
. Change of stock (raw material) |
|
|
227.904 |
399.473 |
|
. Expenses from services |
|
|
385.284 |
551.481 |
|
. Expenses from leasing |
|
|
79.798 |
77.079 |
|
. General expenses/sundry charges |
|
|
496.767 |
33.062 |
|
. Staff expenses |
|
|
461.478 |
515.759 |
|
. Depreciation/Devaluation costs |
|
|
94.791 |
58.849 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-94.868 |
-234.986 |
|
. Financial charges |
|
|
-97.562 |
-251.704 |
|
. Financial revenues |
|
|
2.694 |
16.718 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
74.922 |
-720.300 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
-832.638 |
-1.091.954 |
|
TAX |
|
|
|
24.586 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
-832.638 |
-1.116.540 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2007 |
as at 31/12/2006 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
0,65 |
2,04 |
2,09 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
n.c. |
11,80 |
3,35 |
|
Current ratio |
Units |
=> 1 |
l |
0,90 |
1,63 |
1,27 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
l |
0,60 |
0,99 |
0,97 |
|
Return on Sales |
% |
|
l |
- 21,84 |
- 30,39 |
3,50 |
|
Average stock waiting period |
dd |
|
l |
96,55 |
115,84 |
51,58 |
|
Credits to clients average term |
dd |
|
l |
150,04 |
172,26 |
139,62 |
|
Debts to suppliers average term |
dd |
|
l |
221,76 |
240,00 |
152,97 |
|
Net financial revenues/
charges incidence |
% |
|
l |
- 2,80 |
- 6,75 |
- 0,91 |
|
Labour cost incidence |
% |
|
l |
13,66 |
14,81 |
20,56 |
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:
20.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
1.022.428 |
|
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 1.029 significant companies.
The companies cash their credits on an average of 139 dd.
The average duration of suppliers debts is about 152 dd.
The sector's profitability is on an average of 3,50%.
The labour cost affects the turnover in the measure of 20,56%.
Goods are held in stock in a range of 51 dd.
The difference between the sales volume and the resources used to
realize it is about 1,19.
The employees costs represent the 21,33% 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 4.150.
The insolvency index for the region is 0,55, while for the province it
is 0,41.
Total Bankrupt companies in the province : 4.376.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.08 |
|
UK Pound |
1 |
Rs.71.17 |
|
Euro |
1 |
Rs.66.98 |
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%)