MIRA
INFORM REPORT
|
Report Date : |
27.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
CASCHERA PROFILATI SRL |
|
|
|
|
Registered Office : |
Localita' Pescara - Nucleo Industriale, Sn, 03030 -
Castelliri (FR) |
|
|
|
|
Country : |
Italy |
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|
|
|
Financials (as on) : |
31.12.2006 |
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|
|
|
Date of Incorporation : |
21.05.1992 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Rolling of Steel Strips. Treatment and Dressing of Metals. |
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 2.000.000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
name & address
CASCHERA PROFILATI
- S.R.L.
Localita' Pescara - Nucleo Industriale, Sn
03030 -
Castelliri (FR) -IT-
SUMMARY
|
Fiscal Code |
: |
01790440604 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
21/05/1992 |
|
Patrimonial Consistence |
: |
2.000.000 Eur |
|
Turnover Range |
: |
12.750.000/15.500.000 Eur |
|
Number of Employees |
: |
from 16 to 25 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
399.000 - 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
Rolling of steel strips.
Treatement and dressing of metals.
LEGAL DATA
Legal Form : Limited liability company
|
Fiscal Code : 01790440604 |
|
Chamber of Commerce no. : 102998 of Frosinone since 09/06/1992 |
|
Firms' Register : FR019-4368 |
|
V.A.T. Code : 01790440604 |
|
Foundation Date |
: 21/05/1991 |
|
|
Establishment Date |
: 14/10/1991 |
|
|
Start of Activities |
: 21/05/1992 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 51.000 |
Eur |
|
Subscribed Capital |
: 51.000 |
Eur |
|
Paid up Capital |
: 51.000 |
Eur |
MEMBERS
|
Caschera |
Roberto |
|
Born in Sora |
(FR) |
on 05/02/1955 |
- Fiscal Code : CSCRRT55B05I838W |
|
Residence : |
Via |
Croce Branca |
- 03039 |
Sora |
(FR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
01/01/2007 |
|
|
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.
|
CASCHERA |
ROBERTO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CASCHERA ROBERTO |
Sora (FR) - IT - |
CSCRRT55B05I838W |
Proprietor |
- |
Ceased |
|
ROBERTO CASCHERA E C. S.N.C. |
Sora (FR) - IT - |
01785200609 |
Partner |
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 |
|
Careni Olga |
Sora - IT - |
CRNLGO57T43I838U |
12.750 .Eur |
25,00 |
|
Foscolo Fonticoli Eugenio |
Roma - IT - |
FSCGNE52B07H501O |
12.750 .Eur |
25,00 |
|
Caschera Roberto |
Sora - IT - |
CSCRRT55B05I838W |
12.750 .Eur |
25,00 |
|
Caschera Franca |
|
CSCFNC56M49I838K |
12.750 .Eur |
25,00 |
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 : |
|
|
|
|
|
Localita' |
Pescara - Nucleo Industriale |
, Sn |
- 03030 - |
Castelliri |
(FR) |
- IT - |
|
|
|
|
PHONE |
: 0776/807501 |
|
|
|
|
Employees |
: 17 |
|
|
|
|
Fittings and Equipment |
for a value of
500.000 |
Eur |
|
|
|
|
Stocks |
for a value of
2.970.000 |
Eur |
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.
|
Immovable Type |
Value |
|
Real estates |
947.838 .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 1992
Unstable economic results mark the company's financial state of affairs.
with a profit (r.o.e. 13,99%) in the last financial year In the last financial
year an increase in the turnover has been registered (+17,25%).
The return on Investment in the last financial year was positive (6,31%)
and reflects the field's average.
The analysis shows a fair financial position as the indebtedness volume
is acceptable (3,68) yet on the increase as against the previous accounting
period.
The exposure towards banks is slightly high, the recourse to suppliers'
credit is limited below field's average.
The management determines 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 |
12.897.224 |
filed balance sheet |
|
Profit (Loss) for the period |
273.994 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
10.999.577 |
filed balance sheet |
|
Profit (Loss) for the period |
-5.236 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
10.051.904 |
filed balance sheet |
|
Profit (Loss) for the period |
270.440 |
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 ) |
|
|
1.688.213 |
1.616.985 |
|
. Intangible assets |
|
|
213 |
387 |
|
. Tangible fixed assets |
|
|
1.680.902 |
1.611.762 |
|
. . Land and buildings |
|
|
947.838 |
970.833 |
|
. . Plants, Equipm.and Machinery |
|
|
498.064 |
640.929 |
|
. Long-term Investments |
|
|
7.098 |
4.836 |
|
. . Financial loans |
|
|
|
|
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
8.321.237 |
5.519.336 |
|
. Stock |
|
|
2.969.149 |
951.074 |
|
. Credits |
|
|
5.235.247 |
4.511.777 |
|
. . Credits to clients |
|
|
5.159.932 |
4.430.686 |
|
. . Other credits |
|
|
75.315 |
81.091 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
116.841 |
56.485 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
60.962 |
97.299 |
|
TOTAL ASSETS |
|
|
10.070.412 |
7.233.620 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
1.958.259 |
1.684.265 |
|
. Company's capital |
|
|
51.000 |
51.000 |
|
. Reserves |
|
|
927.853 |
927.853 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
705.412 |
710.648 |
|
. Profit (loss) |
|
|
273.994 |
-5.236 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
15.872 |
117.213 |
|
SEVERANCE INDEMNITY FUND |
|
|
75.684 |
87.514 |
|
DEBTS |
|
|
7.969.459 |
5.281.874 |
|
. Financial M/L terms |
|
|
642.900 |
460.655 |
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
642.900 |
460.655 |
|
. Financial short-term debts |
|
|
5.381.427 |
2.579.568 |
|
. . Financial short-term banks |
|
|
5.328.672 |
2.528.437 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
52.755 |
51.131 |
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
1.633.211 |
1.965.588 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
311.921 |
276.063 |
|
ACCRUED EXPENSE |
|
|
51.138 |
62.754 |
|
TOTAL LIABILITIES |
|
|
10.070.412 |
7.233.620 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
12.921.569 |
11.037.006 |
|
. Revenues from sales/services |
|
|
12.897.224 |
10.999.577 |
|
. Change of stock (products) |
|
|
346 |
-235 |
|
OPERATING EXPENSES |
|
|
12.285.306 |
10.923.205 |
|
. Purchasing expenses |
|
|
12.806.551 |
8.760.568 |
|
. Change of stock (raw material) |
|
|
-2.017.729 |
726.107 |
|
. Expenses from services |
|
|
439.996 |
358.385 |
|
. Expenses from leasing |
|
|
307.519 |
322.548 |
|
. General expenses/sundry charges |
|
|
93.861 |
87.820 |
|
. Staff expenses |
|
|
414.904 |
421.537 |
|
. Depreciation/Devaluation costs |
|
|
240.204 |
246.240 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-122.737 |
-84.564 |
|
. Financial charges |
|
|
-128.116 |
-93.309 |
|
. Financial revenues |
|
|
5.379 |
8.745 |
|
FINANCIAL ASSETS CORRECTION |
|
|
2.262 |
1.488 |
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-2.324 |
18.460 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
513.464 |
49.185 |
|
TAX |
|
|
239.470 |
54.421 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
273.994 |
-5.236 |
RATIOS
|
|
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
1,58 |
1,38 |
1,58 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
3,68 |
2,82 |
2,39 |
|
Current ratio |
Units |
=> 1 |
l |
1,13 |
1,14 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
l |
0,73 |
0,94 |
0,92 |
|
Return on Sales |
% |
|
l |
3,98 |
2,19 |
4,00 |
|
Average stock waiting period |
dd |
|
l |
82,87 |
31,10 |
47,94 |
|
Credits to clients average term |
dd |
|
l |
144,00 |
145,00 |
122,99 |
|
Debts to suppliers average term |
dd |
|
l |
43,34 |
74,91 |
140,34 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 0,95 |
- 0,76 |
- 0,81 |
|
Labour cost incidence |
% |
|
l |
3,21 |
3,83 |
13,78 |
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:
399.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
489.042 |
|
Population living in the region |
: |
5.269.972 |
|
Number of families in the region |
: |
2.091.220 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
472 |
|
- per non food products |
: |
1.832 |
|
- per energy consume |
: |
102 |
SECTOR DATA
The values are calculated on a base of 299 significant companies.
The companies cash their credits on an average of 122 dd.
The average duration of suppliers debts is about 140 dd.
The sector's profitability is on an average of 4,00%.
The labour cost affects the turnover in the measure of 13,78%.
Goods are held in stock in a range of 47 dd.
The difference between the sales volume and the resources used to
realize it is about 1,28.
The employees costs represent the 14,34% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistcally the trade activity shows periods of crisis.
The area is statistically considered remarkably risky.
In the region 53.924 protested subjects are found; in the province they
count to 6.385.
The insolvency index for the region is 1,04, while for the province it
is 1,31.
Total Bankrupt companies in the province : 1.671.
Total Bankrupt companies in the region : 37.442.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 42.79 |
|
UK Pound |
1 |
Rs.85.04 |
|
Euro |
1 |
Rs.67.34 |
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%)