MIRA
INFORM REPORT
|
Report Date : |
24.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
COLLE SPA |
|
|
|
|
Registered Office : |
Viale
Belluno, 5, 32020 - Lentiai (BL) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
01.09.1976 |
|
|
|
|
Legal Form : |
Joint Stock
Company |
|
|
|
|
Line of Business : |
Production of Concrete Building Elements and Bricks and Other
Sylicic-Calcareous Products; Pumice-Cement Products |
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 |
|||
|
|
|
|
|
|||
|
Maximum Credit Limit : |
EUR 617.000 |
|
|||
|
|
|
|
|||
|
Status : |
Excellent |
|
|||
|
|
|
|
|||
|
Payment Behaviour : |
Regular |
|
|||
|
|
|
|
|||
|
Litigation : |
Clear |
|
|||
Name & address
Colle S.p.a.
Viale
Belluno, 5
32020 - Lentiai (BL) -IT-
SUMMARY
|
Fiscal Code |
: |
00200860252 |
|
Legal Form |
: |
Joint stock
company |
|
Start of
Activities |
: |
01/09/1976 |
|
Patrimonial
Consistence |
: |
Over 2.500.000 Eur
|
|
Turnover Range |
: |
12.750.000/15.500.000
Eur |
|
Number of
Employees |
: |
from 71 to 90 |
N.B.: Additional information are present in the "FURTHER
INFORMATION" module.
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
617.000 - Eur |
|
Score |
: |
Risk low |
|
Creditworthness
Rate |
: |
Excellent |
|
|
|
|
|
|
|
Financial/patrimonial
analysis very good - Credit with very low risk |
ACTIVITY
Production of concrete building elements and bricks and other
sylicic-calcareous products; pumice-cement products.
Manufacture of machines for mining industry, ores processing, build-
ing, iron and steel industry. Lifting and carrying systems.
Manufacture and installation of mining machines and of building
materials processing machines.
LEGAL DATA
Legal Form : Joint stock company
|
Fiscal Code :
00200860252 |
|
Foreign Trade Reg.
no. : BL003560 since 31/12/1991 |
|
Foreign Trade Reg.
no. : 3560 of Belluno since 31/12/1991 |
|
Foreign Trade Reg.
no. : 003560 of Belluno since 31/12/1991 |
|
Chamber of
Commerce no. : 48939 of Belluno since 16/09/1976 |
|
Chamber of
Commerce no. : 264438 of Udine |
|
Firms' Register :
BL006-3032 since 19/02/1996 |
|
V.A.T. Code :
00200860252 |
|
Court : 3032 of
Belluno |
|
Foundation Date |
: 25/03/1980 |
|
|
Establishment Date |
: 25/03/1980 |
|
|
Start of
Activities |
: 01/09/1976 |
|
|
Legal Duration
Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 263.640 |
Eur |
|
Subscribed Capital |
: 263.640 |
Eur |
|
Paid up Capital |
: 263.640 |
Eur |
MEMBERS
|
Colle |
Giuseppe |
|
Born in Lentiai |
(BL) |
on 17/09/1935 |
- Fiscal Code :
CLLGPP35P17C562Z |
|
Residence : |
Via |
Via Torquato Tasso
|
, 10 |
- 32020 |
Lentiai |
(BL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
|
|
|
|
Board Chairman |
29/04/2005 |
|
|
No Protests registered.
|
Faccini |
Wanda |
|
Born in Lentiai |
(BL) |
on 11/11/1937 |
- Fiscal Code :
FCCWND37S51C562S |
|
Residence : |
Via |
Torquato Tasso |
, 10 |
- 32020 |
Lentiai |
(BL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
|
|
|
|
Assistant board
Chairman |
|
|
|
No Protests registered.
|
Colle |
Adele Maria |
|
Born in Lentiai |
(BL) |
on 15/10/1961 |
- Fiscal Code :
CLLDMR61R55C562W |
|
Residence : |
Via |
Mentana |
, 3 |
- 32020 |
Lentiai |
(BL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2005 |
|
|
No Protests registered.
|
Colle |
Guido |
|
Born in Lentiai |
(BL) |
on 25/12/1964 |
- Fiscal Code :
CLLGDU64T25C562X |
|
Residence : |
Piazzale |
Zancanaro |
, 2 |
- 32032 |
Feltre |
(BL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2005 |
|
|
No Protests registered.
|
Colle |
Giuliana |
|
Born in Feltre |
(BL) |
on 12/11/1966 |
- Fiscal Code :
CLLGLN66S52D530C |
|
Residence : |
Via |
Piave |
, 43 |
- 32020 |
Lentiai |
(BL) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/04/2005 |
|
|
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.
|
COLLE |
GIUSEPPE |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
AGRICOLA COLLE DI
COLLE GIUSEPPE E C. - S.A.S. |
Conegliano (TV) -
IT - |
00713860260 |
General Partner |
Active |
Registered |
|
COLLE COSTRUZIONI
METALMECCANICHE DI COLLE GIUSEPPE - |
Lentiai (BL) - IT
- |
CLLGPP35P17C562Z |
Proprietor |
- |
Ceased |
|
COLLE COSTRUZIONI
SRL |
Lentiai (BL) - IT
- |
00811330257 |
Sole Director |
- |
Ceased |
|
EUROBETON S.R.L. |
Salorno (BZ) - IT
- |
00120430210 |
Director |
Active |
Registered |
|
EUROBETON S.R.L. |
Salorno (BZ) - IT
- |
00120430210 |
Board Chairman |
Active |
Registered |
|
OFFICINA MECCANICA
COLLE DI COLLE GUIDO E C. S.N.C. |
Lentiai (BL) - IT
- |
00628410250 |
Partner |
Active |
Registered |
|
SALORNO
INVESTIMENTI IMMOBILIARIS.R.L. |
Salorno (BZ) - IT
- |
02534200213 |
Director |
Active |
Registered |
|
VICTORIA S.R.L. |
Lentiai (BL) - IT
- |
01043850252 |
Sole Director |
Active |
Registered |
|
FACCINI |
WANDA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
COS.MA DI FACCINI
WANDA IN COLLE |
Lentiai (BL) - IT
- |
FCCWND37S51C562S |
Proprietor |
- |
Ceased |
|
COS.MA SRL |
Lentiai (BL) - IT
- |
00811340256 |
Sole 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 |
|
Colle Giuseppe |
Lentiai - IT - |
CLLGPP35P17C562Z |
52 .Eur |
0,01 |
|
Cos.ma Srl |
Lentiai - IT - |
00811340256 |
263.588 .Eur |
99,98 |
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 |
|
since 01/09/1976 |
in : |
|
|
|
|
|
Viale |
Belluno |
, 5 |
- 32020 - |
Lentiai |
(BL) |
- IT - |
|
|
|
|
PHONE |
: 0437/552121 |
|
|
|
|
FAX |
: 0437/552255 |
|
- |
Branch |
(Warehouse ) |
since 01/05/2006 |
in : |
|
|
|
|
|
Via |
Corte |
, 1 |
- 33050 - |
Gonars |
(UD) |
- IT - |
|
|
|
|
Employees |
: 81 |
|
|
|
|
Fittings and
Equipment |
for a value of 560.000 |
Eur |
|
|
|
|
Stocks |
for a value of 950.000 |
Eur |
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- direct orders to
foreign companies |
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- importers |
|
- its own agents |
|
- direct orders
from foreign companies |
Export is mainly towards:
|
- Grecia |
|
- Austria |
|
- Islanda |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Changes to the legal form |
|
Former legal form |
New legal form |
Changement Date |
|
De facto company |
Limited liability
company |
25/03/1980 |
|
Limited liability
company |
Joint stock
company |
19/07/1984 |
Ex-Members / Ex-Positions
|
Colle |
Giuseppe |
|
Born in Lentiai |
on 17/09/1935 |
- Fiscal Code :
CLLGPP35P17C562Z |
|
Residence : |
Via |
Via Torquato Tasso
|
, 10 |
- 32020 |
Lentiai |
(BL) |
- IT - |
|
Position |
|
Chairman |
|
Faccini |
Wanda |
|
Born in Lentiai |
on 11/11/1937 |
- Fiscal Code :
FCCWND37S51C562S |
|
Residence : |
Via |
Torquato Tasso |
, 10 |
- 32020 |
Lentiai |
(BL) |
- IT - |
|
Position |
|
Vice-Chairman |
|
Bottari De
Castello |
Marco |
|
Born in Treviso |
on 15/01/1963 |
- Fiscal Code :
BTTMRC63A15L407V |
|
Residence : |
Via |
S. Maria In Colle |
, 32 |
- 31044 |
Montebelluna |
(TV) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Bordin |
Stefano |
|
Born in Pederobba |
on 08/09/1963 |
- Fiscal Code :
BRDSFN63P08G408M |
|
Residence : |
Vicolo |
Bellavista |
, 2/C |
- 31040 |
Cornuda |
(TV) |
- IT - |
|
Position |
|
Supervisory Board
Chairman |
|
Pascoli |
Paola |
|
Born in Venezia |
on 02/02/1967 |
- Fiscal Code :
PSCPLA67B42L736S |
|
Residence : |
Via |
Mura S. Teonisto |
, 13 |
- 31100 |
Treviso |
(TV) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Barattin |
Antonio |
|
Born in PUOS
D'ALPAGO |
on 21/11/1926 |
- Fiscal Code :
BRTNTN26S21H092O |
|
Residence : |
Via |
PSARO |
, 13 |
- 32100 |
Belluno |
(BL) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Splitting-up and
setting-up of a new company |
|
VICTORIA S.R.L.
|
|
|
|
, 32020 |
, Lentiai |
(BL) |
- IT - |
|
Date |
Splitting-up : |
21/12/2006 |
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.
|
Immovable Type |
Value |
|
Real estates |
1.237.766 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL AND ECONOMICAL ANALYSIS
Company's starting of activities dates back to 1976.
During the last years, it achieved profits (r.o.e. 12,63% on 2006)
keeping the turnover steady during the last two years.
The operating result was positive in the last financial year (8,84%) and
reflects the field's average.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,86 lower than in 2005.
Moderate recourse to bank credit while the exposure towards suppliers is
rather high but lined up with the field's 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 |
14.172.003 |
filed balance
sheet |
|
Profit (Loss) for
the period |
570.667 |
filed balance
sheet |
|
Complete
balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
14.952.615 |
filed balance
sheet |
|
Profit (Loss) for
the period |
599.135 |
filed balance
sheet |
|
Complete balance-sheet
for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
9.450.695 |
filed balance
sheet |
|
Profit (Loss) for
the period |
21.934 |
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
) |
|
|
720.918 |
2.267.875 |
|
. Intangible assets |
|
|
2.833 |
852 |
|
. Tangible fixed
assets |
|
|
710.206 |
2.259.144 |
|
. . Land and
buildings |
|
|
|
1.237.766 |
|
. . Plants,
Equipm.and Machinery |
|
|
556.137 |
892.221 |
|
. Long-term
Investments |
|
|
7.879 |
7.879 |
|
. . Financial
loans |
|
|
7.879 |
7.879 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
10.356.983 |
10.114.260 |
|
. Stock |
|
|
950.638 |
804.548 |
|
. Credits |
|
|
7.186.623 |
7.635.170 |
|
. . Credits to
clients |
|
|
6.654.390 |
7.363.301 |
|
. . Other credits |
|
|
532.233 |
271.869 |
|
. Short-term
financial assets |
|
|
500.000 |
550.096 |
|
. Liquid assets |
|
|
1.719.722 |
1.124.446 |
|
ACCRUED
INCOME-DEFERR. ASSETS |
|
|
85.087 |
72.443 |
|
TOTAL ASSETS |
|
|
11.162.988 |
12.454.578 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
4.516.473 |
5.183.573 |
|
. Company's
capital |
|
|
263.640 |
263.640 |
|
. Reserves |
|
|
3.682.166 |
4.320.798 |
|
. Reserves
company's own shares |
|
|
|
|
|
. Retained profits
(losses) |
|
|
|
|
|
. Profit (loss) |
|
|
570.667 |
599.135 |
|
PROVISION FOR
RISKS AND LOSSES |
|
|
340.862 |
318.137 |
|
SEVERANCE
INDEMNITY FUND |
|
|
647.004 |
629.464 |
|
DEBTS |
|
|
5.612.130 |
6.209.810 |
|
. 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 |
|
|
|
|
|
. Short-term debts
to suppliers |
|
|
3.944.387 |
3.284.749 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry
short-term debts |
|
|
1.667.743 |
2.925.061 |
|
ACCRUED EXPENSE |
|
|
46.519 |
113.594 |
|
TOTAL
LIABILITIES |
|
|
11.162.988 |
12.454.578 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
14.741.363 |
14.570.924 |
|
. Revenues from
sales/services |
|
|
14.172.003 |
14.952.615 |
|
. Change of stock
(products) |
|
|
148.280 |
-914.855 |
|
OPERATING EXPENSES |
|
|
13.754.463 |
13.378.137 |
|
. Purchasing
expenses |
|
|
5.088.292 |
4.880.413 |
|
. Change of stock
(raw material) |
|
|
2.189 |
417.197 |
|
. Expenses from
services |
|
|
4.774.905 |
4.395.854 |
|
. Expenses from
leasing |
|
|
70.736 |
55.807 |
|
. General
expenses/sundry charges |
|
|
183.569 |
196.545 |
|
. Staff expenses |
|
|
3.020.683 |
2.768.333 |
|
.
Depreciation/Devaluation costs |
|
|
614.089 |
663.988 |
|
FINANCIAL REVENUES
(CHARGES) |
|
|
207.608 |
60.442 |
|
. Financial
charges |
|
|
59 |
-101 |
|
. Financial
revenues |
|
|
207.549 |
60.543 |
|
FINANCIAL ASSETS
CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL
REVENUES (CHARGES) |
|
|
|
1 |
|
PROFIT (LOSS) FOR
THE PERIOD |
|
|
1.194.508 |
1.253.230 |
|
TAX |
|
|
623.841 |
654.095 |
|
CORRECT./ALLOCAT.
FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
570.667 |
599.135 |
RATIOS
|
|
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
7,16 |
2,56 |
2,14 |
|
Net Short-term
indebtedness |
Units |
- 1 |
l |
0,86 |
0,98 |
2,73 |
|
Current ratio |
Units |
=> 1 |
l |
1,84 |
1,62 |
1,28 |
|
Acid Test
Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
1,67 |
1,49 |
0,93 |
|
Return on Sales |
% |
|
l |
8,35 |
8,44 |
3,70 |
|
Average stock
waiting period |
dd |
|
l |
24,12 |
19,36 |
60,72 |
|
Credits to clients
average term |
dd |
|
l |
169,02 |
177,26 |
133,48 |
|
Debts to suppliers
average term |
dd |
|
l |
142,92 |
126,68 |
153,50 |
|
Net financial
revenues/ charges incidence |
% |
|
l |
1,46 |
0,40 |
- 0,74 |
|
Labour cost incidence |
% |
|
l |
21,31 |
18,51 |
18,55 |
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:
617.000 .Eur.
MARKET / TERRITORY DATA
|
Population living
in the province |
: |
212.244 |
|
Population living
in the region |
: |
4.699.950 |
|
Number of families
in the region |
: |
1.813.210 |
Monthly family expenses average in the region (in Eur.) :
|
- per food
products |
: |
456 |
|
- per non food
products |
: |
2.052 |
|
- per energy
consume |
: |
127 |
SECTOR DATA
The values are calculated on a base of 923 significant companies.
The companies cash their credits on an average of 133 dd.
The average duration of suppliers debts is about 153 dd.
The sector's profitability is on an average of 3,70%.
The labour cost affects the turnover in the measure of 18,55%.
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 19,51% 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 13.782 protested subjects are found; in the province they
count to 268.
The insolvency index for the region is 0,30, while for the province it
is 0,13.
Total Bankrupt companies in the province : 393.
Total Bankrupt companies in the region : 16.714.
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%)