MIRA
INFORM REPORT
|
Report Date : |
20.02.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AFROS S.P.A. |
|
|
|
|
Registered Office : |
Via Sella Quintino, 3, 20121 –
Milano (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
20.12.1966 |
|
|
|
|
Com. Reg. No.: |
MI146-180153 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and Installation of Machines for Plastics Processing. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
Eur 899.700 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Afros S.p.a.
Via
Sella
Quintino, 3
20121 - Milano (MI) -IT-
SUMMARY
|
Fiscal Code |
: |
00220520126 |
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
20/12/1966 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
35.000.000/50.000.000 Eur |
|
Number of Employees |
: |
from 150 to 175 |
N.B.: Additional information are present in the "FURTHER INFORMATION" module.
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
899.700 - Eur |
|
Score |
: |
Risk normal |
|
Creditworthness Rate |
: |
Good |
|
|
|
Under the financial aspect a certain balance is reported which leads |
|
|
|
to a credit with a very limited risk. |
ACTIVITY
Manufacturing and installation of machines for plastics processing.
Manufacture of various machines and equipment for rubber and plastic
materials processing.
Production of plastic products.
LEGAL DATA
Legal Form
: Joint stock company
|
Fiscal Code
: 00220520126 |
|
Foreign Trade Reg. no. :
MI065272 since 23/12/1991 |
|
Foreign Trade Reg. no. :
65272 of Milano since 23/12/1991 |
|
Foreign Trade Reg. no. : 065272
of Milano since 23/12/1991 |
|
Chamber of Commerce no. : 981448 of Milano since 23/03/1978 |
|
Chamber of Commerce no. : 149512 of Varese |
|
Firms' Register
: MI146-180153 since 19/02/1996 |
|
V.A.T. Code : 00816070122 |
|
Court : 180153 of Milano |
Foundation Date : 20/12/1966
Establishment Date : 20/12/1966
Start of Activities : 20/12/1966
Legal Duration Date : 31/12/2050
Nominal Capital : 1.768.000 Eur
Subscribed Capital : 1.768.000 Eur
Paid up Capital : 1.768.000 Eur
MEMBERS
|
Volpato |
Marco |
|
Born in Verbania |
(NO) |
on 31/05/1945 |
- Fiscal Code : VLPMRC45E31L746P |
|
Residence : |
Via |
Pagano Mario |
, 61 |
- 20145 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
07/09/2007 |
|
|
|
Director |
13/06/2007 |
|
|
|
Attorney General |
02/10/1978 |
|
|
No Protests registered.
|
Fiorentini |
Carlo |
|
Born in Bologna |
(BO) |
on 27/12/1930 |
- Fiscal Code : FRNCRL30T27A944P |
|
Residence : |
Via |
Volontario |
, 21 |
- 21047 |
Saronno |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
13/06/2007 |
|
|
|
Board Chairman |
13/06/2007 |
|
|
No Protests registered.
|
Negri |
Pierangelo |
|
Born in Casorate Primo |
(PV) |
on 07/07/1938 |
- Fiscal Code : NGRPNG38L07B988E |
|
Residence : |
Via |
Tosi |
, 60 |
- 27022 |
Casorate Primo |
(PV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
13/06/2007 |
|
|
No Protests registered.
|
Meloth |
Heinz Hermann Josef |
|
Born in Worms |
on 09/02/1951 |
|
Residence : |
Zukunftstrasse |
, 42 |
Mainz |
- DE - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
13/06/2007 |
|
|
No Protests registered.
|
Zarantonello |
Alberto |
|
Born in Gallarate |
(VA) |
on 28/06/1959 |
- Fiscal Code : ZRNLRT59H28D869Z |
|
Residence : |
Via |
Ariosto |
, 17 |
- 21054 |
Fagnano Olona |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
28/05/2006 |
|
|
No Protests registered.
|
Manzillo |
Alfonso |
|
Born in Napoli |
(NA) |
on 22/08/1927 |
- Fiscal Code : MNZLNS27M22F839G |
|
Residence : |
Via |
Boulevard Suchet |
Parigi |
- FR - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
13/06/2007 |
|
|
No Protests registered.
|
Villa |
Paolo |
|
Born in Milano |
(MI) |
on 28/09/1957 |
- Fiscal Code : VLLPLA57P28F205H |
|
Residence : |
Via |
Cavour |
, 38 |
- 22078 |
Turate |
(CO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
02/10/1997 |
|
|
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.
|
VOLPATO |
MARCO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
ARTES INGEGNERIA - S.P.A. |
Oliveto Citra (SA) - IT - |
01526990633 |
Director |
Active |
Registered |
|
AUTOMATA SPA |
Milano (MI) - IT - |
04706930155 |
Chairman |
Dismiss |
Registered |
|
AUTOMATA SPA |
Milano (MI) - IT - |
04706930155 |
Director |
Active |
Registered |
|
AUTOMATA SPA |
Milano (MI) - IT - |
04706930155 |
Board Chairman |
Active |
Registered |
|
BONO ENERGIA S.P.A. |
Peschiera Borromeo (MI) - IT - |
00757520150 |
Managing Director |
Dismiss |
Registered |
|
BONO ENERGIA S.P.A. |
Peschiera Borromeo (MI) - IT - |
00757520150 |
Director |
Active |
Registered |
|
BONO ENERGIA S.P.A. |
Peschiera Borromeo (MI) - IT - |
00757520150 |
Board Chairman |
Active |
Registered |
|
BONO EXACTA S.P.A. |
Milano (MI) - IT - |
10467120159 |
Director |
Dismiss |
Ceased |
|
BONO EXACTA S.P.A. |
Milano (MI) - IT - |
10467120159 |
Board Chairman |
Dismiss |
Ceased |
|
BONO NETRO S.P.A. |
Milano (MI) - IT - |
10186650155 |
Director |
Active |
Registered |
|
BONO NETRO S.P.A. |
Milano (MI) - IT - |
10186650155 |
Board Chairman |
Active |
Registered |
|
BONO SISTEMI S.P.A. |
Milano (MI) - IT - |
10467110150 |
Director |
Active |
Registered |
|
BONO SISTEMI S.P.A. |
Milano (MI) - IT - |
10467110150 |
Board Chairman |
Active |
Registered |
|
CANNON SPA |
Milano (MI) - IT - |
06223850154 |
Managing Director |
Active |
Registered |
|
CANNON SPA |
Milano (MI) - IT - |
06223850154 |
Director |
Active |
Registered |
|
CANNON SPA |
Milano (MI) - IT - |
06223850154 |
Board Chairman |
Dismiss |
Registered |
|
CC TECHNOLOGY S.R.L. |
- - |
02856810169 |
Director |
Dismiss |
Registered |
|
COMPONENTI PRESSE S.P.A. |
Grugliasco (TO) - IT - |
05474940011 |
Managing Director |
- |
Ceased |
|
COMPONENTI PRESSE S.P.A. |
Grugliasco (TO) - IT - |
05474940011 |
Director |
- |
Ceased |
|
COMPONENTI PRESSE S.P.A. |
Grugliasco (TO) - IT - |
05474940011 |
Board Chairman |
- |
Ceased |
|
CRIOS S.P.A. |
Milano (MI) - IT - |
06816000159 |
Managing Director |
Dismiss |
Registered |
|
CRIOS S.P.A. |
Milano (MI) - IT - |
06816000159 |
Director |
Active |
Registered |
|
CRIOS S.P.A. |
Milano (MI) - IT - |
06816000159 |
Board Chairman |
Active |
Registered |
|
DNA SRL |
Milano (MI) - IT - |
08901480155 |
Sole Director |
- |
Ceased |
|
FORMA S.R.L. |
Milano (MI) - IT - |
05086080966 |
Sole Director |
Active |
Registered |
|
LA MERIDIANA SOCIETA' SEMPLICE |
Milano (MI) - IT - |
04788060152 |
Partner |
Dismiss |
Registered |
|
MICROMEC S.R.L. CON SOCIO UNICO |
Milano (MI) - IT - |
02935690129 |
Director |
Active |
Registered |
|
MICROMEC S.R.L. CON SOCIO UNICO |
Milano (MI) - IT - |
02935690129 |
Board Chairman |
Active |
Registered |
|
MIZAR INFORMATICA S.P.A. |
Milano (MI) - IT - |
02105480178 |
Director |
Dismiss |
Registered |
|
MIZAR INFORMATICA S.P.A. |
Milano (MI) - IT - |
02105480178 |
Board Chairman |
Dismiss |
Registered |
|
NORDITALIA RESINE - INDUSTRIA LAVORAZIONE RESINE E GOMME SINTETICHE
NATU |
Milano (MI) - IT - |
00217590124 |
Director |
Dismiss |
Ceased |
|
SANDRETTO INDUSTRIE S.P.A. |
Grugliasco (TO) - IT - |
05038680012 |
Managing Director |
- |
Ceased |
|
SANDRETTO INDUSTRIE S.P.A. |
Grugliasco (TO) - IT - |
05038680012 |
Director |
- |
Ceased |
|
SANDRETTO INDUSTRIE S.P.A. |
Grugliasco (TO) - IT - |
05038680012 |
Board Chairman |
- |
Ceased |
|
SANDRETTO INDUSTRIE S.R.L. SIGLABILE SANDRETTO S.R.L. |
Grugliasco (TO) - IT - |
03134350010 |
Director |
Dismiss |
Registered |
|
SANDRETTO INDUSTRIE S.R.L. SIGLABILE SANDRETTO S.R.L. |
Grugliasco (TO) - IT - |
03134350010 |
Board Chairman |
Dismiss |
Registered |
|
SIRIO SISTEMI SPA |
Milano (MI) - IT - |
07272520151 |
Director |
Dismiss |
Registered |
|
T.C.S.MOLDING SYSTEMS SPA |
Milano (MI) - IT - |
09370010150 |
Managing Director |
Dismiss |
Registered |
|
T.C.S.MOLDING SYSTEMS SPA |
Milano (MI) - IT - |
09370010150 |
Director |
Active |
Registered |
|
TECNINOX S.R.L. |
Milano (MI) - IT - |
03752180152 |
Board Chairman |
Dismiss |
Registered |
|
TECNOS SPA |
Milano (MI) - IT - |
04706920156 |
Managing Director |
Active |
Registered |
|
TECNOS SPA |
Milano (MI) - IT - |
04706920156 |
Director |
Active |
Registered |
|
TECNOS SPA |
Milano (MI) - IT - |
04706920156 |
Board Chairman |
Dismiss |
Registered |
|
FIORENTINI |
CARLO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
AUTOMATA SPA |
Milano (MI) - IT - |
04706930155 |
Director |
Active |
Registered |
|
BONO ENERGIA S.P.A. |
Peschiera Borromeo (MI) - IT - |
00757520150 |
Director |
Active |
Registered |
|
BONO NETRO S.P.A. |
Milano (MI) - IT - |
10186650155 |
Director |
Active |
Registered |
|
CANNON SPA |
Milano (MI) - IT - |
06223850154 |
Director |
Active |
Registered |
|
CANNON SPA |
Milano (MI) - IT - |
06223850154 |
Board Chairman |
Active |
Registered |
|
COMPONENTI PRESSE S.P.A. |
Grugliasco (TO) - IT - |
05474940011 |
Director |
- |
Ceased |
|
CRIOS S.P.A. |
Milano (MI) - IT - |
06816000159 |
Managing Director |
Active |
Registered |
|
CRIOS S.P.A. |
Milano (MI) - IT - |
06816000159 |
Director |
Active |
Registered |
|
LA MERIDIANA SOCIETA' SEMPLICE |
Milano (MI) - IT - |
04788060152 |
Partner |
Active |
Registered |
|
MICROMEC S.R.L. CON SOCIO UNICO |
Milano (MI) - IT - |
02935690129 |
Director |
Active |
Registered |
|
NEWULF S.R.L. |
Milano (MI) - IT - |
02630470124 |
Director |
Active |
Registered |
|
NORDITALIA RESINE - INDUSTRIA LAVORAZIONE RESINE E GOMME SINTETICHE
NATU |
Milano (MI) - IT - |
00217590124 |
Director |
- |
Ceased |
|
SANDRETTO INDUSTRIE S.P.A. |
Grugliasco (TO) - IT - |
05038680012 |
Director |
- |
Ceased |
|
T.C.S.MOLDING SYSTEMS SPA |
Milano (MI) - IT - |
09370010150 |
Director |
Active |
Registered |
|
T.C.S.MOLDING SYSTEMS SPA |
Milano (MI) - IT - |
09370010150 |
Board Chairman |
Active |
Registered |
|
TECNOS SPA |
Milano (MI) - IT - |
04706920156 |
Director |
Active |
Registered |
|
TECNOS SPA |
Milano (MI) - IT - |
04706920156 |
Board Chairman |
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 |
|
Cannon Spa |
Milano - IT - |
06223850154 |
1.626.560 .Eur |
92,00 |
|
Volpato Marco |
Milano - IT - |
VLPMRC45E31L746P |
70.720 .Eur |
4,00 |
|
Fiorentini Carlo |
Saronno - IT - |
FRNCRL30T27A944P |
70.720 .Eur |
4,00 |
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 |
Sella Quintino |
, 3 |
- 20121 - |
Milano |
(MI) |
- IT - |
|
|
|
|
TELEX |
: 333063 Afr |
|
|
|
|
PHONE |
: 029658804 |
|
- |
Branch |
(Office ) |
since 13/10/1986 |
in : |
|
|
|
|
|
Via |
Colombo C. |
, 0049 |
- 20090 - |
Trezzano sul Naviglio |
(MI) |
- IT - |
|
- |
Branch |
(Factory ) |
since 03/01/1967 |
in : |
|
|
|
|
|
Via |
G. Ferraris |
, 65 |
- 21042 - |
Caronno Pertusella |
(VA) |
- IT - |
|
|
|
|
PHONE |
: 02/96531 |
|
|
|
|
FAX |
: 02/9656897 |
|
- |
Branch |
(Warehouse ) |
since 01/12/1993 |
in : |
|
|
|
|
|
Via |
Enrico Fermi |
, 355 |
- 21042 - |
Caronno Pertusella |
(VA) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 01/03/1997 |
in : |
|
|
|
|
|
Via |
Della Merlata |
- 20014 - |
Nerviano |
(MI) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 01/03/1997 |
in : |
|
|
|
|
|
Via |
Del Lazzaretto |
, 239 |
- 21042 - |
Caronno Pertusella |
(VA) |
- IT - |
|
|
|
|
Employees |
: 174 |
|
|
|
|
Fittings and Equipment |
for a value of
1.150.000 |
Eur |
|
|
|
|
Stocks |
for a value of
9.516.500 |
Eur |
|
|
|
|
Furniture and fittings |
for a value of
516.456 |
Eur |
|
|
|
|
Vehicles |
for a value of
36.151 |
Eur |
|
|
The firm operates abroad as importer / exporter. .
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- its own foreign branches |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Changes to the
legal form |
|
Former legal
form |
New legal form |
Changement Date |
|
Other forms |
Joint stock company |
11/09/1980 |
|
Ex-Members /
Ex-Positions |
|
Volpato |
Marco |
|
Born in Verbania |
on 31/05/1945 |
- Fiscal Code : VLPMRC45E31L746P |
|
Residence : |
Via |
Pagano Mario |
, 61 |
- 20145 |
Milano |
(MI) |
- IT - |
|
Position |
|
Managing Director |
|
Board Chairman |
|
Fiorentini |
Carlo |
|
Born in Bologna |
on 27/12/1930 |
- Fiscal Code : FRNCRL30T27A944P |
|
Residence : |
Via |
Volontario |
, 21 |
- 21047 |
Saronno |
(VA) |
- IT - |
|
Position |
|
Chairman |
|
Boschetti |
Giuseppe |
|
Born in Pavia |
on 24/07/1949 |
- Fiscal Code : BSCGPP49L24G388Q |
|
Residence : |
Via |
Montemaiano |
, 2/A |
- 27100 |
Pavia |
(PV) |
- IT - |
|
Position |
|
Board Chairman |
|
VOLPATO |
MARCO |
|
Born in VERBANIA |
on 31/05/1945 |
- Fiscal Code : VLPMRC45E31L746P |
|
Residence : |
Via |
M. PAGANO |
, 61 |
- 20100 |
MILANO |
(MI) |
- IT - |
|
Position |
|
Attorney General |
|
CORRADI |
PIERO |
|
Born in BOLOGNA |
on 22/12/1948 |
- Fiscal Code : CRRPRI48T22A944D |
|
Residence : |
Via |
A. STOPPANI |
, 18 |
- 21047 |
Saronno |
(VA) |
- IT - |
|
Position |
|
Procurator |
|
MELOTH |
HEINZ HERMANN JOSEF |
|
Born in WORMS |
on 09/02/1951 |
- Fiscal Code : MLTNRM51B |
|
Residence : |
ZUKUNFTSTRASSE |
, 42 |
MAINZ |
- DE - |
|
Position |
|
Director |
|
Former seats |
|
- |
Branch |
|
|
|
|
|
|
Via |
Eupilia |
- 20100 |
- Milano |
(MI) |
- IT - |
|
- |
Branch |
(Warehouse ) |
|
|
|
|
|
Via |
Monsignor Serafino Banfi |
- 21042 |
- Caronno Pertusella |
(VA) |
- IT - |
|
- |
Branch |
(office ) |
|
|
|
|
|
Via |
Paoli |
- 21042 |
- Caronno Pertusella |
(VA) |
- IT - |
|
- |
Branch |
(office ) |
|
|
|
|
|
Strada |
Vicinale Novella |
- 20014 |
- Nerviano |
(MI) |
- IT - |
PAYMENTS ANALYSIS
The average term of debts to suppliers is shorter than the sector
one.
PAYMENTS SCORE : ZZZZZ - 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.
BANKERS
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
Banca Popolare Milano |
|
|
|
|
|
|
|
Banco Lariano |
|
|
|
|
|
|
|
Cassa Risparmio Provincie Lombarde |
|
|
|
|
|
|
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
6.696.255 .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 1966
During the last years, it achieved profits (r.o.e. 8,31% on 2006) and with
an upward trend in turnover trend during the last financial year (+20,41% in
2006).
The return on Investment in the last financial year was positive (5,64%)
falling within the field's average.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (1,97) and falling as against the previous year (2,26).
The company does not exceed in bank credits; payments average period is
instead slightly high (113,9 gg.) but lower than the field average.
It shows a good range of liquidity.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
49.631.985 |
filed balance sheet |
|
Profit (Loss) for the period |
696.080 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
41.218.126 |
filed balance sheet |
|
Profit (Loss) for the period |
119.916 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
46.429.040 |
filed balance sheet |
|
Profit (Loss) for the period |
1.650.428 |
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 ) |
|
|
8.320.206 |
8.309.009 |
|
. Intangible assets |
|
|
107.877 |
199.025 |
|
. Tangible fixed assets |
|
|
8.104.397 |
7.978.677 |
|
. . Land and buildings |
|
|
6.696.255 |
7.002.824 |
|
. . Plants, Equipm.and Machinery |
|
|
1.149.858 |
681.658 |
|
. Long-term Investments |
|
|
107.932 |
131.307 |
|
. . Financial loans |
|
|
107.932 |
131.307 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
28.825.313 |
26.320.737 |
|
. Stock |
|
|
9.516.345 |
8.174.733 |
|
. Credits |
|
|
15.536.027 |
16.364.679 |
|
. . Credits to clients |
|
|
15.221.844 |
16.052.515 |
|
. . Other credits |
|
|
314.183 |
312.164 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
3.772.941 |
1.781.325 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
84.713 |
309.370 |
|
TOTAL ASSETS |
|
|
37.230.232 |
34.939.116 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
8.368.021 |
7.937.137 |
|
. Company's capital |
|
|
1.768.000 |
1.768.000 |
|
. Reserves |
|
|
5.903.941 |
6.049.221 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
696.080 |
119.916 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
606.806 |
629.547 |
|
SEVERANCE INDEMNITY FUND |
|
|
4.114.401 |
3.959.155 |
|
DEBTS |
|
|
23.766.363 |
22.399.131 |
|
. Financial M/L terms |
|
|
3.499.479 |
2.646.290 |
|
. . Financial M/L term banks |
|
|
2.657.987 |
1.529.230 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
841.492 |
1.117.060 |
|
. Financial short-term debts |
|
|
2.805.983 |
4.221.529 |
|
. . Financial short-term banks |
|
|
2.607.558 |
4.017.481 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
198.425 |
204.048 |
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
11.589.949 |
11.072.595 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
5.870.952 |
4.458.717 |
|
ACCRUED EXPENSE |
|
|
374.641 |
14.146 |
|
TOTAL LIABILITIES |
|
|
37.230.232 |
34.939.116 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
49.560.355 |
39.946.605 |
|
. Revenues from sales/services |
|
|
49.631.985 |
41.218.126 |
|
. Change of stock (products) |
|
|
-225.143 |
-1.326.882 |
|
OPERATING EXPENSES |
|
|
47.457.119 |
38.808.382 |
|
. Purchasing expenses |
|
|
25.127.835 |
17.174.534 |
|
. Change of stock (raw material) |
|
|
-269.983 |
629.248 |
|
. Expenses from services |
|
|
11.418.586 |
9.833.084 |
|
. Expenses from leasing |
|
|
78.975 |
96.829 |
|
. General expenses/sundry charges |
|
|
873.164 |
624.990 |
|
. Staff expenses |
|
|
9.382.484 |
9.651.348 |
|
. Depreciation/Devaluation costs |
|
|
846.058 |
798.349 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-129.988 |
-221.548 |
|
. Financial charges |
|
|
-267.542 |
-296.995 |
|
. Financial revenues |
|
|
137.554 |
75.447 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
14.634 |
106.156 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
1.987.882 |
1.022.831 |
|
TAX |
|
|
1.291.802 |
902.915 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
696.080 |
119.916 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
1,92 |
1,75 |
2,03 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
1,97 |
2,26 |
3,11 |
|
Current ratio |
Units |
=> 1 |
l |
1,42 |
1,33 |
1,26 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,95 |
0,91 |
0,92 |
|
Return on Sales |
% |
|
l |
3,10 |
2,22 |
3,50 |
|
Average stock waiting period |
dd |
|
l |
69,01 |
71,38 |
60,71 |
|
Credits to clients average term |
dd |
|
l |
110,37 |
140,18 |
124,63 |
|
Debts to suppliers average term |
dd |
|
l |
113,90 |
147,06 |
158,82 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 0,26 |
- 0,53 |
- 0,75 |
|
Labour cost incidence |
% |
|
l |
18,90 |
23,41 |
20,80 |
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)
FURTHER INFORMATION
Legal changes are in progress. The Chamber of Commerce Survey is in an
updating phase
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:
899.700 .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 1.168 significant companies.
The companies cash their credits on an average of 124 dd.
The average duration of suppliers debts is about 158 dd.
The sector's profitability is on an average of 3,50%.
The labour cost affects the turnover in the measure of 20,80%.
Goods are held in stock in a range of 60 dd.
The difference between the sales volume and the resources used to
realize it is about 1,18.
The employees costs represent the 21,30% 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.
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%)