MIRA
INFORM REPORT
|
Report Date : |
09.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
F B R - Elpo - Societa' Per Azioni |
|
|
|
|
Registered Office : |
Via Arnaldo Da
Brescia, 12/A 43100 - Parma |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
12.12.1988 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and installation of machines and equipment for the food
and chemical industries |
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 |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
ANALYSIS
F B R - Elpo - Societa' Per Azioni
Via Arnaldo Da
Brescia, 12/A
43100 - Parma (PR) -IT-
SUMMARY
|
Fiscal Code |
: |
01659700346 |
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
10/01/1989 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
12.750.000/15.500.000 Eur |
|
Number of Employees |
: |
from 71 to 90 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
699.800 - Eur |
|
Score |
: |
Risk low |
|
Creditworthness Rate |
: |
Excellent |
|
|
|
Financial/patrimonial analysis very good - Credit with very low risk |
ACTIVITY
Manufacturing and installation of machines and equipment for the food
and chemical industries.
Manufacturing and installation of machines and equipment for the food
industry.
LEGAL DATA
Legal Form : Joint stock company
|
Fiscal Code : 01659700346 |
|
Foreign Trade Reg. no. : PR002313 since 16/12/1991 |
|
Foreign Trade Reg. no. : 2313 of Parma since 16/12/1991 |
|
Chamber of Commerce no. : 169572 of Parma since 18/01/1989 |
|
Firms' Register : PR027-19314 |
|
Court : 19314 of Parma since 10/01/1989 |
|
Foundation Date |
: 12/12/1988 |
|
|
Establishment Date |
: 12/12/1988 |
|
|
Start of Activities |
: 10/01/1989 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 2.080.000 |
Eur |
|
Subscribed Capital |
: 2.080.000 |
Eur |
|
Paid up Capital |
: 2.080.000 |
Eur |
MEMBERS
|
Merusi |
Pier Luigi |
|
Born in Parma |
(PR) |
on 12/09/1943 |
- Fiscal Code : MRSPLG43P12G337W |
|
Residence : |
Borgo |
Regale |
, 15 |
- 43100 |
Parma |
(PR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
11/05/2006 |
|
|
|
Director |
11/05/2006 |
|
|
No Protests registered.
|
Silvestri |
Claudia |
|
Born in Sissa |
(PR) |
on 13/01/1950 |
- Fiscal Code : SLVCLD50A53I763C |
|
Residence : |
Strada |
Farnese |
, 22 |
- 43100 |
Parma |
(PR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
11/05/2006 |
|
|
|
Assistant board Chairman |
11/05/2006 |
|
|
No Protests registered.
|
Tombesi |
Tullio |
|
Born in Parma |
(PR) |
on 09/12/1946 |
- Fiscal Code : TMBTLL46T09G337N |
|
Residence : |
Via |
Martini |
, 5 |
- 43100 |
Parma |
(PR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
11/05/2006 |
|
|
No Protests registered.
|
Cicognani |
Giulio |
|
Born in Imola |
(BO) |
on 22/11/1947 |
- Fiscal Code : CCGGLI47S22E289J |
|
Residence : |
Via |
Degli Ulivi |
, 4 |
- 40020 |
Casalfiumanese |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
11/05/2006 |
|
|
|
Board Chairman |
11/05/2006 |
|
|
|
Cicognani |
Giulio |
|
Born in Imola |
(BO) |
on 22/11/1947 |
- Fiscal Code : CCGGLI47S22E289J |
|
Residence : |
Via |
Degli Ulivi |
, 4/A |
- 40020 |
Casalfiumanese |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
11/05/2006 |
|
|
|
Board Chairman |
11/05/2006 |
|
|
No Protests registered.
|
Orlandi |
Ireneo |
|
Born in Rodigo |
(MN) |
on 10/01/1954 |
- Fiscal Code : RLNRNI54A10H481Y |
|
Residence : |
Via |
8 Marzo |
, 14 |
- 46010 |
Curtatone |
(MN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
11/05/2006 |
|
|
No Protests registered.
|
Solunto Fuschi |
Ivor |
|
Born in Fontevivo |
(PR) |
on 08/06/1945 |
- Fiscal Code : SLNVRI45H08D685N |
|
Residence : |
Via |
Finlandia |
, 4 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
11/05/2006 |
|
|
|
Managing Director |
11/05/2006 |
|
|
No Protests registered.
|
Lesce |
Giuseppe |
|
Born in Senigallia |
(AN) |
on 01/09/1959 |
- Fiscal Code : LSCGPP59P01I608O |
|
Residence : |
Viale |
Delle Ceramiche |
, 14 |
- 48018 |
Faenza |
(RA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
11/05/2006 |
|
|
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.
|
MERUSI |
PIER LUIGI |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
B.F. - BRONZONI COSTRUZIONI MECCANICHE - S.P.A. |
Montecchio Emilia (RE) - IT - |
00131770356 |
Director |
- |
Ceased |
|
BRONZONI - SOCIETA' PER AZIONI |
Parma (PR) - IT - |
01723860340 |
Director |
- |
Ceased |
|
EL.PO. - S.R.L. |
Collecchio (PR) - IT - |
00790880348 |
Director |
- |
Ceased |
|
NUOVA FBR - S.P.A. |
Parma (PR) - IT - |
00760550343 |
Managing Director |
- |
Ceased |
|
SILVESTRI |
CLAUDIA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
EL.PO. - S.R.L. |
Collecchio (PR) - IT - |
00790880348 |
Director |
- |
Ceased |
|
NUOVA FBR - S.P.A. |
Parma (PR) - IT - |
00760550343 |
Managing Director |
- |
Ceased |
|
SENECA S.R.L. |
Parma (PR) - IT - |
02213340348 |
Director |
Active |
Registered |
|
CICOGNANI |
GIULIO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
BANCA BIPIELLE ADRIATICO S.P.A. |
Imola (BO) - IT - |
01501691206 |
Director |
- |
Ceased |
|
BANCA POPOLARE DELL'EMILIA ROMAGNA, SOCIETA' COOPERATIVA |
Modena (MO) - IT - |
01153230360 |
Director |
Active |
Registered |
|
BELPIANO IMMOBILIARE S.R.L. |
Imola (BO) - IT - |
02177431208 |
Director |
Active |
Registered |
|
CEG S.P.A. |
Rozzano (MI) - IT - |
04704190158 |
Director |
Active |
Registered |
|
CEG S.P.A. |
Rozzano (MI) - IT - |
04704190158 |
Board Chairman |
Active |
Registered |
|
EUROFINANCE S.P.A. |
Parma (PR) - IT - |
02144581200 |
Director |
Active |
Registered |
|
IN - PAK SPA |
Imola (BO) - IT - |
02114860378 |
Chairman |
Dismiss |
Ceased |
|
KEYBRICK SISTEM S.R.L. |
Asti (AT) - IT - |
00614740058 |
Director |
- |
Ceased |
|
MONTECATONE REHABILITATION INSTITUTE S.P.A. (IN SIGLA MONTECATONE R.I |
Imola (BO) - IT - |
01789031208 |
Director |
Active |
Registered |
|
PROMA-PACK SRL |
Cinisello Balsamo (MI) - IT - |
08001660151 |
Director |
Active |
Registered |
|
SACMI COOPERATIVA MECCANICI IMOLA SOCIETA' COOPERATIVA IN BREVE SACMI |
Imola (BO) - IT - |
00287010375 |
Attorney with special power |
Active |
Registered |
|
SACMI COOPERATIVA MECCANICI IMOLA SOCIETA' COOPERATIVA IN BREVE SACMI |
Imola (BO) - IT - |
00287010375 |
General Manager |
Active |
Registered |
|
SACMI FILLING S.P.A. |
Bologna (BO) - IT - |
02130821206 |
Director |
Active |
Registered |
|
SACMI FILLING S.P.A. |
Bologna (BO) - IT - |
02130821206 |
Board Chairman |
Active |
Registered |
|
SACMI LABELLING S.P.A. |
Bologna (BO) - IT - |
01479640391 |
Director |
Active |
Registered |
|
SACMI LABELLING S.P.A. |
Bologna (BO) - IT - |
01479640391 |
Board Chairman |
Active |
Registered |
|
SACMI PACKAGING S.P.A. |
Imola (BO) - IT - |
02527510370 |
Managing Director |
Active |
Registered |
|
SACMI PACKAGING S.P.A. |
Imola (BO) - IT - |
02527510370 |
Director |
Active |
Registered |
|
SACMI PACKAGING S.P.A. |
Imola (BO) - IT - |
02527510370 |
Board Chairman |
Active |
Registered |
|
CICOGNANI |
GIULIO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
BANCA BIPIELLE ADRIATICO S.P.A. |
Imola (BO) - IT - |
01501691206 |
Director |
- |
Ceased |
|
BANCA POPOLARE DELL'EMILIA ROMAGNA, SOCIETA' COOPERATIVA |
Modena (MO) - IT - |
01153230360 |
Director |
Active |
Registered |
|
BELPIANO IMMOBILIARE S.R.L. |
Imola (BO) - IT - |
02177431208 |
Director |
Active |
Registered |
|
BM-BIRAGHI S.P.A. |
Monza (MB) - IT - |
00812460152 |
Director |
Active |
Registered |
|
BM-BIRAGHI S.P.A. |
Monza (MB) - IT - |
00812460152 |
Board Chairman |
Active |
Registered |
|
CEG S.P.A. |
Rozzano (MI) - IT - |
04704190158 |
Director |
Active |
Registered |
|
CEG S.P.A. |
Rozzano (MI) - IT - |
04704190158 |
Board Chairman |
Active |
Registered |
|
EUROFINANCE S.P.A. |
Parma (PR) - IT - |
02144581200 |
Director |
Active |
Registered |
|
EUROTECH S.P.A. |
Fiorano Modenese (MO) - IT - |
00148560352 |
Chairman and Managing Director |
Dismiss |
Ceased |
|
IMOLASCALO S.P.A. |
Imola (BO) - IT - |
01966691204 |
Director |
Active |
Registered |
|
KEYBRICK SISTEM S.R.L. |
Asti (AT) - IT - |
00614740058 |
Director |
- |
Ceased |
|
MONTECATONE REHABILITATION INSTITUTE S.P.A. (IN SIGLA MONTECATONE R.I |
Imola (BO) - IT - |
01789031208 |
Director |
Active |
Registered |
|
PROMA-PACK SRL |
Cinisello Balsamo (MI) - IT - |
08001660151 |
Director |
Active |
Registered |
|
SACMI COOPERATIVA MECCANICI IMOLA SOCIETA' COOPERATIVA IN BREVE SACMI |
Imola (BO) - IT - |
00287010375 |
Attorney with special power |
Active |
Registered |
|
SACMI COOPERATIVA MECCANICI IMOLA SOCIETA' COOPERATIVA IN BREVE SACMI |
Imola (BO) - IT - |
00287010375 |
Procurator |
Dismiss |
Registered |
|
SACMI COOPERATIVA MECCANICI IMOLA SOCIETA' COOPERATIVA IN BREVE SACMI |
Imola (BO) - IT - |
00287010375 |
General Manager |
Active |
Registered |
|
SACMI FILLING S.P.A. |
Bologna (BO) - IT - |
02130821206 |
Director |
Active |
Registered |
|
SACMI FILLING S.P.A. |
Bologna (BO) - IT - |
02130821206 |
Board Chairman |
Active |
Registered |
|
SACMI LABELLING S.P.A. |
Bologna (BO) - IT - |
01479640391 |
Director |
Active |
Registered |
|
SACMI LABELLING S.P.A. |
Bologna (BO) - IT - |
01479640391 |
Board Chairman |
Active |
Registered |
|
SACMI PACKAGING S.P.A. |
Imola (BO) - IT - |
02527510370 |
Managing Director |
Active |
Registered |
|
SACMI PACKAGING S.P.A. |
Imola (BO) - IT - |
02527510370 |
Director |
Active |
Registered |
|
SACMI PACKAGING S.P.A. |
Imola (BO) - IT - |
02527510370 |
Board Chairman |
Active |
Registered |
|
SOLUNTO FUSCHI |
IVOR |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
ALTECH FOOD TECHNOLOGIES - SOCIETA' A RESPONSABILITA' LIMITATA |
Parma (PR) - IT - |
01727880344 |
Managing Director |
- |
Ceased |
|
B.F. - BRONZONI COSTRUZIONI MECCANICHE - S.P.A. |
Montecchio Emilia (RE) - IT - |
00131770356 |
Director |
- |
Ceased |
|
BRONZONI - SOCIETA' PER AZIONI |
Parma (PR) - IT - |
01723860340 |
Director |
- |
Ceased |
|
EL.PO. - S.R.L. |
Collecchio (PR) - IT - |
00790880348 |
Director |
- |
Ceased |
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 |
|
Merusi Pier Luigi |
Parma - IT - |
MRSPLG43P12G337W |
|
|
|
Silvestri Claudia |
Parma - IT - |
SLVCLD50A53I763C |
|
|
|
Micheli Cesare |
Parma - IT - |
MCHCSR56M12G337O |
|
|
|
Eurofinance S.p.a. |
Parma - IT - |
02144581200 |
|
|
|
Cecchi Umberto |
|
CCCMRT58T01G337P |
|
|
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
IMMOBILIARE CAPRAZUCCA - S.P.A. |
Parma - IT - |
00422080341 |
2 .Eur |
|
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 28/02/1990 |
in : |
|
|
|
|
|
Via |
Arnaldo Da Brescia |
, 12/A |
- 43100 - |
Parma |
(PR) |
- IT - |
|
|
|
|
PHONE |
: 0521592441 |
|
|
|
|
PHONE |
: 0521/929663 |
|
|
|
|
PHONE |
: 0521/267511 |
|
|
|
|
Employees |
: 71 |
|
|
|
|
Fittings and Equipment |
for a value of
133.500 |
Eur |
|
|
|
|
Stocks |
for a value of
3.828.500 |
Eur |
Sales are on an international scale.
|
|
The firm operates abroad as importer / exporter. .
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- trading companies |
|
- its own sales net-work |
|
- its own agents |
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 |
02/01/1990 |
|
Ex-Members /
Ex-Positions |
|
Merusi |
Pier Luigi |
|
Born in Parma |
on 12/09/1943 |
- Fiscal Code : MRSPLG43P12G337W |
|
Residence : |
Borgo |
Regale |
, 15 |
- 43100 |
Parma |
(PR) |
- IT - |
|
Position |
|
Assistant board Chairman |
|
Silvestri |
Claudia |
|
Born in Sissa |
on 13/01/1950 |
- Fiscal Code : SLVCLD50A53I763C |
|
Residence : |
Strada |
Farnese |
, 22 |
- 43100 |
Parma |
(PR) |
- IT - |
|
Position |
|
Managing Director |
|
Cacciani |
Luciano |
|
Born in Fidenza |
on 11/10/1922 |
- Fiscal Code : CCCLCN22R11B034T |
|
Residence : |
Piazzale |
Boito |
, 3/B |
- 43100 |
Parma |
(PR) |
- IT - |
|
Position |
|
Supervisory Board Chairman |
|
Catelli |
Roberto |
|
Born in PARMA |
on 02/07/1955 |
- Fiscal Code : CTLRRT55L02G337C |
|
Residence : |
Via |
TOGLIATTI, 8 |
- 43100 |
Parma |
(PR) |
- IT - |
|
Position |
|
Director |
|
Micheli |
Cesare |
|
Born in PARMA |
on 12/08/1956 |
- Fiscal Code : MCHCSR56M12G337O |
|
Residence : |
Strada |
BASSA DEI FOLLI |
, 109 |
- 43100 |
Parma |
(PR) |
- IT - |
|
Position |
|
Director |
|
Board Chairman |
|
CICOGNANI |
GIULIO |
|
Born in IMOLA |
on 22/11/1947 |
- Fiscal Code : CCGGLI47S22E289J |
|
Residence : |
Via |
ULIVI |
, 4/A |
- 40020 |
Casalfiumanese |
(BO) |
- IT - |
|
Position |
|
Director |
|
MAGNANI |
GUGLIELMO |
|
Born in PARMA |
on 09/12/1937 |
- Fiscal Code : MGNGLL37T09G337R |
|
Residence : |
Via |
POZZUOLO DEL FRIULI |
, 11 |
- 43100 |
Parma |
(PR) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Former seats |
|
- |
Branch |
(Factory ) |
since 15/01/1997 |
|
|
|
|
|
Viale |
Aldo Moro |
- 43044 |
- Collecchio |
(PR) |
- IT - |
|
The firm absorbed by merging of |
|
Altech Food Technologies - Societa' A Responsabilita' Limitata |
|
Via |
A. Da Brescia |
, 12/A |
, 43100 |
, Parma |
(PR) |
- IT - |
|
Fiscal Code: 01727880344 |
|
Date |
: |
01/01/1995 |
|
The firm absorbed by merging of |
|
El.po. - S.r.l. |
|
Via |
Aldo Moro |
, 1/A |
, 43044 |
, Collecchio |
(PR) |
- IT - |
|
Fiscal Code: 00790880348 |
|
Date |
: |
01/01/1995 |
|
The firm absorved |
|
El.po. - S.r.l. |
|
Via |
Aldo Moro |
, 1/A |
, 43044 |
, Collecchio |
(PR) |
- IT - |
|
Fiscal Code: 00790880348 |
|
Date |
: |
01/01/1995 |
|
The firm absorved |
|
Altech Food Technologies - Societa' A Responsabilita' Limitata |
|
Via |
A. Da Brescia |
, 12/A |
, 43100 |
, Parma |
(PR) |
- IT - |
|
Fiscal Code: 01727880344 |
|
Date |
: |
01/01/1995 |
|
The firm absorved |
|
Nuova Fbr - S.p.a. |
|
Via |
Arnaldo Da Brescia |
, 12/A |
, 43100 |
, Parma |
(PR) |
- IT - |
|
Fiscal Code: 00760550343 |
|
Date |
: |
02/01/1990 |
|
The firm absorbed by merging of |
|
Nuova Fbr - S.p.a. |
|
Via |
Arnaldo Da Brescia |
, 12/A |
, 43100 |
, Parma |
(PR) |
- IT - |
|
Fiscal Code: 00760550343 |
|
Date |
: |
02/01/1990 |
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 |
|
ROLO BANCA 1473 S. P. A. |
|
|
|
|
3556 |
0 |
IMMOVABLES
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
620.546 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL AND ECONOMICAL ANALYSIS
The company is active since 1989
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 0,18% in 2006 but without a significant increase in the
turnover.
The operating result was positive in the last financial year (2,76%) and
reflects the field's average.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,93 improved in comparison with the
year before (1,02.).
Moderate recourse to bank credit while the exposure towards suppliers is
rather high but lower than the field average.
The available funds are good.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
15.384.912 |
filed balance sheet |
|
Profit (Loss) for the period |
6.276 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
15.465.000 |
filed balance sheet |
|
Profit (Loss) for the period |
272.000 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|||
|
Sales |
21.752.698 |
filed balance sheet |
|||
|
Profit (Loss) for the period |
676.274 |
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 ) |
|
|
1.203.150 |
1.021.000 |
|
. Intangible assets |
|
|
85.952 |
86.000 |
|
. Tangible fixed assets |
|
|
1.101.625 |
910.000 |
|
. . Land and buildings |
|
|
620.546 |
658.000 |
|
. . Plants, Equipm.and Machinery |
|
|
133.295 |
137.000 |
|
. Long-term Investments |
|
|
15.573 |
25.000 |
|
. . Financial loans |
|
|
15.573 |
25.000 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
8.963.020 |
9.495.000 |
|
. Stock |
|
|
3.828.634 |
3.099.000 |
|
. Credits |
|
|
3.326.518 |
4.877.000 |
|
. . Credits to clients |
|
|
2.648.721 |
4.218.000 |
|
. . Other credits |
|
|
677.797 |
659.000 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
1.807.868 |
1.519.000 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
55.262 |
85.000 |
|
TOTAL ASSETS |
|
|
10.221.432 |
10.601.000 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
3.414.647 |
3.608.000 |
|
. Company's capital |
|
|
2.080.000 |
2.080.000 |
|
. Reserves |
|
|
1.328.371 |
1.256.000 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
6.276 |
272.000 |
|
PROVISION CHARGES ACCOUNTS |
|
|
456.317 |
493.000 |
|
STAFF TERM INDEMNITY |
|
|
1.320.304 |
1.254.000 |
|
DEBTS |
|
|
5.015.795 |
5.232.000 |
|
. Financial M/L terms |
|
|
|
|
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
|
|
|
. . Financial short-term banks |
|
|
|
|
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
6.000 |
|
|
. Short-term debts to suppliers |
|
|
3.352.271 |
3.599.000 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
1.657.524 |
1.633.000 |
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
14.369 |
14.000 |
|
TOTAL LIABILITIES |
|
|
10.221.432 |
10.601.000 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
15.946.430 |
15.451.000 |
|
. Revenues from sales/services |
|
|
15.384.912 |
15.465.000 |
|
. Change of stock (products) |
|
|
317.217 |
-257.000 |
|
OPERATING EXPENSES |
|
|
15.663.666 |
14.818.000 |
|
. Purchasing expenses |
|
|
6.602.180 |
5.467.000 |
|
. Change of stock (raw material) |
|
|
-389.036 |
101.000 |
|
. Expenses from services |
|
|
4.857.261 |
4.550.000 |
|
. Expenses from leasing |
|
|
216.710 |
228.000 |
|
. General expenses/sundry charges |
|
|
56.561 |
338.000 |
|
. Staff expenses |
|
|
4.125.514 |
3.824.000 |
|
. Depreciation/Devaluation costs |
|
|
194.476 |
310.000 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-81.397 |
-90.000 |
|
. Financial charges |
|
|
-93.579 |
-115.000 |
|
. Financial revenues |
|
|
12.182 |
25.000 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
148.355 |
178.000 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
349.722 |
721.000 |
|
TAX |
|
|
343.446 |
449.000 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
6.276 |
272.000 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
3,94 |
4,76 |
2,03 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
0,93 |
1,02 |
3,11 |
|
Current ratio |
Units |
=> 1 |
l |
1,78 |
1,81 |
1,26 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
1,02 |
1,22 |
0,92 |
|
Return on Sales |
% |
|
l |
1,30 |
3,76 |
3,50 |
|
Average stock waiting period |
dd |
|
l |
89,56 |
72,10 |
60,71 |
|
Credits to clients average term |
dd |
|
l |
61,95 |
98,17 |
124,63 |
|
Debts to suppliers average term |
dd |
|
l |
103,53 |
126,43 |
158,82 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 0,52 |
- 0,58 |
- 0,75 |
|
Labour cost incidence |
% |
|
l |
26,81 |
24,72 |
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)
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:
699.800 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
413.198 |
|
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 1.168 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 18.860 protested subjects are found; in the province they
count to 1.231.
The insolvency index for the region is 0,46, while for the province it
is 0,31.
Total Bankrupt companies in the province : 1.624.
Total Bankrupt companies in the region : 14.698.
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%)