MIRA
INFORM REPORT
|
Report Date : |
24.12.2008 |
IDENTIFICATION DETAILS
|
Name : |
BRIOSCHI S.R.L. |
|
|
|
|
Registered Office : |
Viale |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2006 |
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|
|
|
Date of Incorporation : |
08.03.1991 |
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|
|
|
Com. Reg. No.: |
AL003-13516 |
|
|
|
|
Legal Form : |
Limited Liability
Company |
|
|
|
|
Line of Business : |
Wholesale of watches, clocks and jewellery. |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
Name & address
Brioschi S.r.l.
Viale Vicenza, 3
15048 - Valenza (
SUMMARY
|
Fiscal Code |
: |
01488010065 |
|
Legal Form |
: |
Limited liability company |
|
Start of
Activities |
: |
02/07/1991 |
|
Patrimonial
Consistence |
: |
750.000 Eur |
|
|
: |
1.250.000/1.500.000 Eur |
|
Number of
Employees |
: |
from 1 to 5 |
CREDIT ANALYSIS
|
Score |
|
Risk |
|
Creditworthiness
|
|
Sufficient |
|
|
|
Financial situation
is not at its best, but credit is possible with |
|
|
|
no particular
risks. |
ACTIVITY
Wholesale of watches, clocks and jewellery.
Wholesale of precious metals, gems, pearls and corals.
LEGAL
DATA
Legal Form : Limited liability company
|
Fiscal Code :
01488010065 |
|
Foreign Trade Reg.
no. : AL007174 since 30/12/1991 |
|
Foreign Trade Reg.
no. : 007174 of |
|
Foreign Trade Reg.
no. : 23692 of |
|
Chamber of
Commerce no. : 164819 of |
|
Firms' Register :
AL003-13516 since 19/02/1996 |
|
V.A.T. Code :
01488010065 |
|
R. E. C. no. :
31097 of |
|
R. E. C. no. :
0031097 of |
|
Establishment Date |
: 08/03/1991 |
|
|
Start of
Activities |
: 02/07/1991 |
|
|
Legal Duration
Date |
: 31/12/2020 |
|
|
Nominal Capital |
: 100.000 |
Eur |
|
Subscribed Capital |
: 100.000 |
Eur |
|
Paid up Capital |
: 100.000 |
Eur |
MEMBERS
|
Brioschi |
Roberto Silvio |
|
Born in Milano |
(MI) |
on 23/10/1966 |
- Fiscal Code :
BRSRRT66R23F205E |
|
Residence : |
Strada |
Citerna |
, 6/D |
- 15048 |
Valenza |
( |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
02/07/2007 |
|
|
No Protests registered.
|
Brioschi |
Massimo |
|
Born in Milano |
(MI) |
on 29/12/1969 |
- Fiscal Code :
BRSMSM69T29F205T |
|
Residence : |
Via |
Tonso |
, 115 B |
- 15100 |
|
( |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
05/07/1991 |
|
|
|
Police Licence's
Proprietor |
|
|
|
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 |
|
Brioschi Roberto
Silvio |
Valenza - IT - |
BRSRRT66R23F205E |
25.000 .Eur |
25,00 |
|
Brioschi Massimo |
|
BRSMSM69T29F205T |
25.000 .Eur |
25,00 |
|
BRIOSCHI PAOLO |
|
BRSPLA36A25F205W |
25.000 .Eur |
25,00 |
|
BRIOSCHI SILVIA |
|
BRSSLV69T69F205E |
25.000 .Eur |
25,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Fin.or.val. -
Societa' Finanziaria Immobiliare Per Il Centro Commerciale Ora |
Valenza - IT - |
00925330060 |
7.750 .Eur |
0,26 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and
operative seat |
|
in : |
|
|
|
|
|
Viale |
|
, 3 |
- 15048 - |
Valenza |
( |
- IT - |
|
|
|
|
PHONE |
: 0131/943029 |
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|
|
|
FAX |
: 0131/951602 |
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|
|
|
Employees |
: 3 |
|
|
|
|
Fittings and
Equipment |
for a value of 290.000 |
Eur |
|
|
|
|
Stocks |
for a value of 570.000 |
Eur |
|
|
The firm operates abroad as importer. .
To purchase foreign products the firm uses the following channels :
|
- direct orders to
foreign companies |
Import comes generally from the following nations:
|
- |
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
Unstable economic results mark the company's financial state of affairs.
Upward trend as to the turnover in the last financial year (+10,48%).
and in line with the sector's average.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (1,17) and decreasing as against 2005.
The exposure towards banks is slightly high, the recourse to suppliers'
credit is limited below field's average.
FINANCIAL DATA
|
Complete
balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.481.739 |
filed balance
sheet |
|
Profit (Loss) for
the period |
46.707 |
filed balance
sheet |
|
Complete balance-sheet
for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.341.067 |
filed balance
sheet |
|
Profit (Loss) for
the period |
-19.425 |
filed balance
sheet |
|
Complete balance-sheet
for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.542.863 |
filed balance
sheet |
|
Profit (Loss) for
the period |
30.232 |
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 |
|
|
|
|
. |
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|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO
SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET
) |
|
|
16.214 |
14.453 |
|
. Intangible
assets |
|
|
866 |
140 |
|
. Tangible fixed
assets |
|
|
7.552 |
6.517 |
|
. . Land and
buildings |
|
|
|
|
|
. . Plants,
Equipm.and Machinery |
|
|
|
|
|
. Long-term
Investments |
|
|
7.796 |
7.796 |
|
. . Financial
loans |
|
|
7.796 |
7.796 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
1.569.815 |
1.499.071 |
|
. Stock |
|
|
565.530 |
612.910 |
|
. Credits |
|
|
986.657 |
884.209 |
|
. . Credits to
clients |
|
|
977.847 |
821.804 |
|
. . Other credits |
|
|
8.810 |
62.405 |
|
. Short-term
financial assets |
|
|
|
|
|
. Liquid assets |
|
|
17.628 |
1.952 |
|
ACCRUED
INCOME-DEFERR. ASSETS |
|
|
826 |
898 |
|
TOTAL ASSETS |
|
|
1.586.855 |
1.514.422 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
532.314 |
485.603 |
|
. Company's
capital |
|
|
100.000 |
100.000 |
|
. Reserves |
|
|
385.607 |
405.028 |
|
. Reserves
company's own shares |
|
|
|
|
|
. Retained profits
(losses) |
|
|
|
|
|
. Profit (loss) |
|
|
46.707 |
-19.425 |
|
PROVISION FOR RISKS
AND LOSSES |
|
|
919 |
|
|
SEVERANCE
INDEMNITY FUND |
|
|
51.053 |
44.862 |
|
DEBTS |
|
|
995.173 |
969.571 |
|
. Financial M/L
terms |
|
|
350.000 |
350.000 |
|
. . Financial M/L
term banks |
|
|
|
|
|
. . Financial M/L
bonds |
|
|
|
|
|
. . Other
financial M/L debts |
|
|
350.000 |
350.000 |
|
. Financial
short-term debts |
|
|
501.366 |
598.901 |
|
. . Financial
short-term banks |
|
|
501.366 |
598.901 |
|
. . Financial
short-term bonds |
|
|
|
|
|
. . Other financial
short-term debts |
|
|
|
|
|
. M/L term debts
to suppliers |
|
|
|
|
|
. Short-term debts
to suppliers |
|
|
128.988 |
3.906 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry
short-term debts |
|
|
14.819 |
16.764 |
|
ACCRUED EXPENSE |
|
|
7.396 |
14.386 |
|
TOTAL
LIABILITIES |
|
|
1.586.855 |
1.514.422 |
PROFIT AND LOSS ACCOUNTS
|
OUTPUT VALUE |
|
|
1.482.003 |
1.341.337 |
|
. Revenues from
sales/services |
|
|
1.481.739 |
1.341.067 |
|
. Change of stock
(products) |
|
|
|
|
|
OPERATING EXPENSES |
|
|
1.376.738 |
1.302.444 |
|
. Purchasing
expenses |
|
|
1.137.567 |
1.240.003 |
|
. Change of stock
(raw material) |
|
|
47.380 |
-137.669 |
|
. Expenses from
services |
|
|
78.698 |
80.563 |
|
. Expenses from
leasing |
|
|
6.197 |
6.197 |
|
. General
expenses/sundry charges |
|
|
6.551 |
6.115 |
|
. Staff expenses |
|
|
95.556 |
100.679 |
|
.
Depreciation/Devaluation costs |
|
|
4.789 |
6.556 |
|
FINANCIAL REVENUES
(CHARGES) |
|
|
-17.883 |
-55.076 |
|
. Financial
charges |
|
|
-17.962 |
-55.461 |
|
. Financial
revenues |
|
|
79 |
385 |
|
FINANCIAL ASSETS
CORRECTION |
|
|
|
|
|
EXTRAORDINARY
FINANCIAL REVENUES (CHARGES) |
|
|
-440 |
-237 |
|
PROFIT (LOSS) FOR
THE PERIOD |
|
|
86.942 |
-16.420 |
|
TAX |
|
|
40.235 |
3.005 |
|
CORRECT./ALLOCAT.
FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
46.707 |
-19.425 |
RATIOS
|
|
Item |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
57,56 |
60,91 |
2,80 |
|
Net Short-term
indebtedness |
Units |
- 1 |
1,17 |
1,27 |
4,37 |
|
Current ratio |
Units |
=> 1 |
2,43 |
2,41 |
1,19 |
|
Acid Test
Ratio-Liquidity Ratio |
Units |
=> 1 |
1,55 |
1,43 |
0,88 |
|
Return on Sales |
% |
|
3,47 |
- 0,95 |
1,94 |
|
Average stock
waiting period |
dd |
|
137,37 |
164,52 |
56,98 |
|
Credits to clients
average term |
dd |
|
237,56 |
220,57 |
126,32 |
|
Debts to suppliers
average term |
dd |
|
37,98 |
1,04 |
140,21 |
|
Net financial
revenues/ charges incidence |
% |
|
- 1,20 |
- 4,10 |
- 0,88 |
|
Labour cost
incidence |
% |
|
6,44 |
7,50 |
7,84 |
O.V. = Optimal Value. When not present refer to the sector's.
MARKET / TERRITORY DATA
|
Population living in
the province |
: |
429.080 |
|
Population living
in the region |
: |
4.330.172 |
|
Number of families
in the region |
: |
1.889.207 |
Monthly family expences average in the region (in Eur.) :
|
- per food
products |
: |
429 |
|
- per non food products |
: |
1.789 |
|
- per energy
consume |
: |
135 |
SECTOR DATA
The values are calculated on a base of 1.938 significant companies.
The companies cash their credits on an average of 126 dd.
The average duration of suppliers debts is about 140 dd.
The sector's profitability is on an average of 1,94%.
The labour cost affects the turnover in the measure of 7,84%.
Goods are held in stock in a range of 56 dd.
The difference between the sales volume and the resources used to
realize it is about 1,41.
The employees costs represent the 7,97% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 27.019 protested subjects are found; in the province they
count to 2.105.
The insolvency index for the region is 0,63, while for the province it
is 0,50.
Total Bankrupt companies in the province : 1.755.
Total Bankrupt companies in the region : 14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.99 |
|
|
1 |
Rs.72.49 |
|
Euro |
1 |
Rs.68.44 |
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%)