MIRA
INFORM REPORT
|
Report Date : |
29.02.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SPREAFICO FRANCESCO E F.LLI S.P.A. |
|
|
|
|
Registered Office : |
Via Lombroso Cesare, 54 20137- Milano (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
30.06.2006 |
|
|
|
|
Date of Incorporation : |
01.07.2004 |
|
|
|
|
Com. Reg. No.: |
LC042-3129 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesaler of Foodstuff, Beverages and Similar |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
Eur 49.600 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
Spreafico Francesco E F.lli S.p.a.
Via Lombroso Cesare, 54
20137 - Milano (MI) -IT-
SUMMARY
|
Fiscal Code |
: |
00348240136 |
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
01/07/2004 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
100.000.000/150.000.000 Eur |
|
Number of Employees |
: |
from 251 to 500 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
49.600 - Eur |
|
Score |
: |
Risk high |
|
Creditworthness Rate |
: |
Scanty |
|
|
|
Modest financial and economic aspect - Limited credit is suggested. |
ACTIVITY
Wholesale of foodstuff, beverages and similar.
Wholesale of fresh and frozen vegetables and fruit.
LEGAL DATA
Legal Form : Joint stock company
|
Fiscal Code : 00348240136 |
|
Foreign Trade Reg. no. : 1720 of Lecco since 18/12/1991 |
|
Chamber of Commerce no. : 289930 of Bologna since 28/11/1984 |
|
Chamber of Commerce no. : 137405 of Como |
|
Chamber of Commerce no. : 137371 of Ferrara |
|
Chamber of Commerce no. : 137405 of Lecco since 09/02/1973 |
|
Chamber of Commerce no. : 151450 of Latina |
|
Chamber of Commerce no. : 1751995 of Milano since 31/12/2007 |
|
Chamber of Commerce no. : 1182349 of Roma |
|
Chamber of Commerce no. : 100542 of Trento |
|
Chamber of Commerce no. : 329267 of Treviso |
|
Chamber of Commerce no. : 362115 of Verona |
|
Firms' Register : LC042-3129 since 19/02/1996 |
|
Court : 3129 of Lecco |
|
Foundation Date |
: 27/01/1973 |
|
|
Establishment Date |
: 27/01/1973 |
|
|
Start of Activities |
: 01/07/2004 |
|
|
Legal Duration Date |
: 30/06/2050 |
|
|
Nominal Capital |
: 3.929.000 |
Eur |
|
Subscribed Capital |
: 3.929.000 |
Eur |
|
Paid up Capital |
: 3.929.000 |
Eur |
MEMBERS
|
Paduano |
Gennaro |
|
Born in Napoli |
(NA) |
on 01/03/1943 |
- Fiscal Code : PDNGNR43C01F839E |
|
Residence : |
Via |
Petrarca |
, 19 |
- 20015 |
Parabiago |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/12/2007 |
|
|
No Protests registered.
|
Spreafico |
Francesco |
|
Born in Dolzago |
(CO) |
on 01/10/1933 |
- Fiscal Code : SPRFNC33R01D327F |
|
Residence : |
Via |
Campagnola |
, 8/A |
- 23843 |
Dolzago |
(LC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/12/2007 |
|
|
|
Sole Director |
30/10/1978 |
|
|
|
Person in charge |
|
|
|
|
Board Chairman |
20/12/2007 |
|
|
No Protests registered.
|
Spreafico |
Carlo |
|
Born in Dolzago |
(CO) |
on 10/11/1940 |
- Fiscal Code : SPRCRL40S10D327E |
|
Residence : |
Via |
Al Maglio |
, 4 |
- 23848 |
Oggiono |
(LC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/12/2007 |
|
|
No Protests registered.
|
DFK ITALIA SRL |
|
|
- Fiscal Code : 04059380156 |
|
Via |
VISCONTI DI MODRONE UBERTO |
, 38 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditing company |
18/12/2006 |
|
|
|
Spreafico |
Raffaele |
|
Born in Lecco |
(CO) |
on 14/06/1969 |
- Fiscal Code : SPRRFL69H14E507F |
|
Residence : |
Via |
Corsica |
, 5 |
- 23843 |
Dolzago |
(LC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
30/09/2004 |
|
|
No Protests registered.
|
Spreafico |
Mauro |
|
Born in Lecco |
(CO) |
on 07/01/1968 |
- Fiscal Code : SPRMRA68A07E507A |
|
Residence : |
Via |
Don E. Ronchi |
, 6/A |
- 23843 |
Dolzago |
(LC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/12/2007 |
|
|
No Protests registered.
|
Spreafico |
Simone |
|
Born in Lecco |
(CO) |
on 14/12/1971 |
- Fiscal Code : SPRSMN71T14E507E |
|
Residence : |
Via |
Palestro |
, 43/6 |
- 44100 |
Ferrara |
(FE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
30/09/2004 |
|
|
No Protests registered.
|
Spreafico |
Cesare |
|
Born in Lecco |
(CO) |
on 23/11/1970 |
- Fiscal Code : SPRCSR70S23E507I |
|
Residence : |
Via |
Don Giovanni Caloni |
, 4/2 |
- 23848 |
Oggiono |
(LC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/12/2007 |
|
|
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.
|
SPREAFICO |
FRANCESCO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
AZIENDA AGRICOLA VALLE BOTTIGLIA - SOCIETA' SEMPLICE IN LIQUIDAZIONE |
Oggiono (LC) - IT - |
02426780132 |
Partner |
- |
Ceased |
|
AZIENDA AGRICOLA VALLE BOTTIGLIA - SOCIETA' SEMPLICE IN LIQUIDAZIONE |
Oggiono (LC) - IT - |
02426780132 |
Liquidator |
- |
Ceased |
|
C.D.O. SAS DI SPREAFICO FERDINANDO E C. |
Milano (MI) - IT - |
01572600136 |
Limited Partner |
- |
Ceased |
|
EUROSERVICE ORTOFRUTTICOLI S.R.L. |
Milano (MI) - IT - |
13087180157 |
Director |
- |
Ceased |
|
EUROSERVICE ORTOFRUTTICOLI S.R.L. |
Milano (MI) - IT - |
13087180157 |
Board Chairman |
- |
Ceased |
|
SOCIETA' SEMPLICE AGRICOLA F.LLI SPREAFICO |
Sala Bolognese (BO) - IT - |
00543480370 |
Partner |
Active |
Registered |
|
SPREAFICO |
RAFFAELE |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
EUROSERVICE ORTOFRUTTICOLI S.R.L. |
Milano (MI) - IT - |
13087180157 |
Director |
- |
Ceased |
|
FRUTTEXPORT S.R.L. |
Bologna (BO) - IT - |
03071920379 |
Director |
- |
Ceased |
|
FRUTTEXPORT S.R.L. |
Bologna (BO) - IT - |
03071920379 |
Board Chairman |
- |
Ceased |
|
PROMOZIONI E SVILUPPI AGRICOLI S.P.A. |
Milano (MI) - IT - |
12452510154 |
Director |
Dismiss |
Registered |
|
S.I.E.F. - SOCIETA' IMPORTAZIONE ESPORTAZIONE FRUTTA - A RESPONSABILITA'
|
Argelato (BO) - IT - |
00313730376 |
Director |
- |
Ceased |
|
S.I.E.F. - SOCIETA' IMPORTAZIONE ESPORTAZIONE FRUTTA - A
RESPONSABILITA' |
Argelato (BO) - IT - |
00313730376 |
Board Chairman |
- |
Ceased |
|
SARA BOLOGNA S.R.L. |
Bologna (BO) - IT - |
04347990378 |
Director |
- |
Ceased |
|
SARA IMPORT SRL |
Dolzago (LC) - IT - |
03025100961 |
Director |
- |
Ceased |
|
SARA IMPORT SRL |
Dolzago (LC) - IT - |
03025100961 |
Board Chairman |
- |
Ceased |
|
SI TRADE S.R.L. |
Argelato (BO) - IT - |
03764400374 |
Director |
Active |
Registered |
|
SI TRADE S.R.L. |
Argelato (BO) - IT - |
03764400374 |
Board Chairman |
Active |
Registered |
|
SOCIETA' SEMPLICE AGRICOLA F.LLI SPREAFICO |
Sala Bolognese (BO) - IT - |
00543480370 |
Partner |
Active |
Registered |
|
UNO SERVICE S.R.L. IN LIQUIDAZIONE |
Argenta (FE) - IT - |
01395940388 |
Legal representative |
- |
Ceased |
|
UNO SERVICE S.R.L. IN LIQUIDAZIONE |
Argenta (FE) - IT - |
01395940388 |
Liquidator |
- |
Ceased |
|
UNO SERVICE S.R.L. IN LIQUIDAZIONE |
Argenta (FE) - IT - |
01395940388 |
Board Chairman |
Dismiss |
Ceased |
|
SPREAFICO |
SIMONE |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
AZIENDA AGRICOLA SPREAFICO SIMONE |
Oggiono (LC) - IT - |
SPRSMN71T14E507E |
Proprietor |
- |
Ceased |
|
AZIENDA AGRICOLA VALLE BOTTIGLIA - SOCIETA' SEMPLICE IN LIQUIDAZIONE |
Oggiono (LC) - IT - |
02426780132 |
Partner |
- |
Ceased |
|
CENTRO ORTOFRUTTAVITICOLO BOLOGNESE - FRUTTUVA DEL RENO
SOCIETA'COOPERATIVA - |
Sala Bolognese (BO) - IT - |
00317210375 |
Director |
Active |
Registered |
|
CENTRO ORTOFRUTTAVITICOLO BOLOGNESE - FRUTTUVA DEL RENO
SOCIETA'COOPERATIVA - |
Sala Bolognese (BO) - IT - |
00317210375 |
Assistant board Chairman |
Active |
Registered |
|
FRUTTEXPORT S.R.L. |
Bologna (BO) - IT - |
03071920379 |
Director |
- |
Ceased |
|
OP KIWI SOLE SOCIETA' COOPERATIVA AGRICOLA |
Latina (LT) - IT - |
01785630599 |
Director |
Active |
Registered |
|
OP KIWI SOLE SOCIETA' COOPERATIVA AGRICOLA |
Latina (LT) - IT - |
01785630599 |
Board Chairman |
Active |
Registered |
|
PROMOZIONI E SVILUPPI AGRICOLI S.P.A. |
Milano (MI) - IT - |
12452510154 |
Director |
Active |
Registered |
|
PROMOZIONI E SVILUPPI AGRICOLI S.P.A. |
Milano (MI) - IT - |
12452510154 |
Assistant board Chairman |
Active |
Registered |
|
S.I.E.F. - SOCIETA' IMPORTAZIONE ESPORTAZIONE FRUTTA - A
RESPONSABILITA' |
Argelato (BO) - IT - |
00313730376 |
Director |
- |
Ceased |
|
S.I.E.F. - SOCIETA' IMPORTAZIONE ESPORTAZIONE FRUTTA - A
RESPONSABILITA' |
Argelato (BO) - IT - |
00313730376 |
Assistant board Chairman |
- |
Ceased |
|
SARA BOLOGNA S.R.L. |
Bologna (BO) - IT - |
04347990378 |
Director |
- |
Ceased |
|
SARA BOLOGNA S.R.L. |
Bologna (BO) - IT - |
04347990378 |
Board Chairman |
- |
Ceased |
|
SARA IMPORT SRL |
Dolzago (LC) - IT - |
03025100961 |
Director |
- |
Ceased |
|
SI TRADE S.R.L. |
Argelato (BO) - IT - |
03764400374 |
Director |
Active |
Registered |
|
SOCIETA' SEMPLICE AGRICOLA F.LLI SPREAFICO |
Sala Bolognese (BO) - IT - |
00543480370 |
Partner |
Active |
Registered |
|
SPREAFICO SIMONE |
Ferrara (FE) - IT - |
SPRSMN71T14E507E |
Proprietor |
- |
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 |
|
Promozioni E Sviluppi Agricoli S.p.a. |
Milano - IT - |
12452510154 |
3.312.000 .Eur |
84,00 |
|
Spreafico Raffaele |
Dolzago - IT - |
SPRRFL69H14E507F |
61.270 .Eur |
1,55 |
|
Istituto Sviluppo Agroalimentare - Societa' Per Azioni , Ovvero Anche
In Forma A |
|
08212421005 |
249.000 .Eur |
6,00 |
|
Spreafico Mauro |
Dolzago - IT - |
SPRMRA68A07E507A |
122.540 .Eur |
3,00 |
|
Spreafico Simone |
Ferrara - IT - |
SPRSMN71T14E507E |
122.920 .Eur |
3,00 |
|
Spreafico Cesare |
Oggiono - IT - |
SPRCSR70S23E507I |
122.540 .Eur |
3,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Sara Import Srl |
Dolzago - IT - |
03025100961 |
|
|
Ceased |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 27/01/1992 |
in : |
|
|
|
|
|
Via |
Lombroso Cesare |
, 54 |
- 20100 - |
Milano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 0341/451150 |
|
|
|
|
PHONE |
: 0341/453650 |
|
|
|
|
FAX |
: 0341/453428 |
|
- |
Branch |
(Warehouse ) |
since 01/07/2004 |
in : |
|
|
|
|
|
Via |
Lombroso Cesare |
, 54 |
- 20137 - |
Milano |
(MI) |
- IT - |
|
- |
Branch |
(Store ) |
since 15/07/1991 |
in : |
|
|
|
|
|
Via |
Campagnola |
, 8/C-E-F |
- 23843 - |
Dolzago |
(LC) |
- IT - |
|
|
|
|
PHONE |
: 0341/451155 |
|
- |
Branch |
(Warehouse ) |
since 31/12/2007 |
in : |
|
|
|
|
|
Via |
Sommacampagna |
, 63 D/E |
- 37100 - |
Verona |
(VR) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 14/08/1984 |
in : |
|
|
|
|
|
Via |
Gramsci |
, 244 |
- 40010 - |
Sala Bolognese |
(BO) |
- IT - |
|
|
|
|
PHONE |
: 0341/451155 |
|
|
|
|
PHONE |
: 051/6814007 |
|
- |
Branch |
(Warehouse ) |
since 14/11/1989 |
in : |
|
|
|
|
|
Via |
Ferrovia |
, 2 |
- 40012 - |
Calderara di Reno |
(BO) |
- IT - |
|
|
|
|
PHONE |
: 051/6814007 |
|
- |
Branch |
(Store ) |
since 14/06/1991 |
in : |
|
|
|
|
|
Via |
Imperiale |
, 5 |
- 44048 - |
Argenta |
(FE) |
- IT - |
|
|
|
|
PHONE |
: 051/6814007 |
|
- |
Branch |
(Warehouse ) |
since 01/10/2003 |
in : |
|
|
|
|
|
Via |
Podgora Appia |
, 3/A Loc. BORGO CARSO |
- 04100 - |
Latina |
(LT) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 01/10/2007 |
in : |
|
|
|
|
|
Via |
Giannettola |
, 5 |
- 00049 - |
Velletri |
(RM) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 01/10/2007 |
in : |
|
|
|
|
|
Via |
Dei Sibillin |
, 2/A Loc. CASELLA |
- 31011 - |
Asolo |
(TV) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 01/10/2007 |
in : |
|
|
|
|
|
Via |
Maggiore |
, 10 |
- 31020 - |
San Polo di Piave |
(TV) |
- IT - |
|
|
|
|
Employees |
: 300 |
|
|
|
|
Assistants |
: 1 |
|
|
|
|
Fittings and Equipment |
for a value of
9.355.500 |
Eur |
|
|
|
|
Stocks |
for a value of
2.602.500 |
Eur |
|
|
|
|
Furniture and fittings |
for a value of
51.645 |
Eur |
|
|
|
|
Vehicles |
for a value of
619.748 |
Eur |
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- trading companies |
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- trading companies |
|
- direct orders from foreign companies |
Import comes generally from the following nations:
|
- Belgio |
Export is mainly towards:
|
- Francia |
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 |
05/03/2001 |
|
Ex-Members /
Ex-Positions |
|
Spreafico |
Francesco |
|
Born in Dolzago |
on 01/10/1933 |
- Fiscal Code : SPRFNC33R01D327F |
|
Residence : |
Via |
Campagnola |
, 8/A |
- 23843 |
Dolzago |
(LC) |
- IT - |
|
Position |
|
Sole Director |
|
Frigerio |
Lorenzo |
|
Born in Erba |
on 05/03/1948 |
- Fiscal Code : FRGLNZ48C05D416I |
|
Residence : |
Via |
Pancaldo Leone |
, 5 |
- 20129 |
Milano |
(MI) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Gracis |
Alessandro |
|
Born in LEVANTO |
on 22/12/1943 |
- Fiscal Code : GRCLSN43T22E560A |
|
Residence : |
Viale |
SABOTINO |
, 19/2 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Temporary Auditor |
|
Moro |
Maurizio Giulio |
|
Born in Bassano del Grappa |
on 19/11/1961 |
- Fiscal Code : MROMZG61S19A703F |
|
Residence : |
Via |
Conconi Luigi |
, 8 |
- 20149 |
Milano |
(MI) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Holzmiller |
Giuseppe |
|
Born in MILANO |
on 22/05/1937 |
- Fiscal Code : HLZGPP37E22F205Y |
|
Residence : |
Localita' |
RESIDENZA LA SORGENTE MILANO2 |
- 20090 |
Segrate |
(MI) |
- IT - |
|
Position |
|
Supervisory Board Chairman |
|
Holzmiller |
Enrico |
|
Born in MILANO |
on 08/01/1968 |
- Fiscal Code : HLZNRC68A08F205K |
|
Residence : |
Via |
RESIDENZA DEI FIORI |
- 20090 |
Segrate |
(MI) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Spreafico |
Mauro |
|
Born in Lecco |
on 07/01/1968 |
- Fiscal Code : SPRMRA68A07E507A |
|
Residence : |
Via |
Don E. Ronchi |
, 6/A |
- 23843 |
Dolzago |
(LC) |
- IT - |
|
Position |
|
Managing Director |
|
Former seats |
|
- |
Branch |
(Store ) |
since 14/06/1991 |
|
|
|
|
|
Via |
Imperiale, |
- 44011 |
- Argenta |
(FE) |
- IT - |
|
The firm absorbed by merging of |
|
Fruttexport S.r.l. |
|
Via |
Paolo Canali |
, 1 |
, 40127 |
, Bologna |
(BO) |
- IT - |
|
Fiscal Code: 03071920379 |
|
Date |
: |
20/12/2007 |
|
Project of merging by taking over of |
|
Fruttexport S.r.l. |
|
Via |
Paolo Canali |
, 1 |
, 40127 |
, Bologna |
(BO) |
- IT - |
|
Fiscal Code: 03071920379 |
|
Date |
Merging/Splitting-up Project : |
13/07/2007 |
PAYMENTS ANALYSIS
The average term of debts to suplliers is normal compared with that
of the sector.
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 |
|
UNICREDIT BANCA D'IMPRESA S.P.A. |
|
|
|
|
|
|
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
10.807.128 .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 has been active for some years.
In the economic management , good and bad results followed on by turns.
; in the last financial year a loss was registered (r.o.e. -68,51%)
A loss is registered as to the operating result (-1,83%).
Financial condition is not balanced as own capitals do not cover debts,
indebtedness level is in fact high (14,69) which tends upward.
If compared to the net worth, debts towards banks are remarkably high
while the recourse to commercial credit is modest which is within the sector's
average.
Liquidity is not positive.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
30/06/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
113.239.834 |
filed balance sheet |
|
Profit (Loss) for the period |
-2.219.767 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
30/06/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
106.971.721 |
filed balance sheet |
|
Profit (Loss) for the period |
57.760 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
30/06/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
110.170.731 |
filed balance sheet |
|
Profit (Loss) for the period |
-796.195 |
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 30/06/2006 - Months 12 - Currency Eur - Amounts x 1 |
|
Balance Sheet as
at 30/06/2005 - Months 12 - Currency Eur - Amounts x 1 |
|
Years |
|
|
2006 |
2005 |
|
|
BALANCE SHEET
ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
241.000 |
241.000 |
|
FIXED ASSETS ( NET ) |
|
|
23.632.516 |
24.252.817 |
|
. Intangible assets |
|
|
558.861 |
614.447 |
|
. Tangible fixed assets |
|
|
22.089.945 |
23.360.638 |
|
. . Land and buildings |
|
|
10.807.128 |
11.020.429 |
|
. . Plants, Equipm.and Machinery |
|
|
9.355.399 |
10.085.368 |
|
. Long-term Investments |
|
|
983.710 |
277.732 |
|
. . Financial loans |
|
|
983.710 |
277.732 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
36.967.122 |
33.864.177 |
|
. Stock |
|
|
2.602.342 |
2.300.008 |
|
. Credits |
|
|
32.746.919 |
30.811.806 |
|
. . Credits to clients |
|
|
28.982.435 |
28.517.904 |
|
. . Other credits |
|
|
3.764.484 |
2.293.902 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
1.617.861 |
752.363 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
67.726 |
81.378 |
|
TOTAL ASSETS |
|
|
60.908.364 |
58.439.372 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
3.239.624 |
5.662.914 |
|
. Company's capital |
|
|
4.170.000 |
4.170.000 |
|
. Reserves |
|
|
1.234.520 |
1.435.154 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
54.871 |
|
|
. Profit (loss) |
|
|
-2.219.767 |
57.760 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
23.448 |
8.662 |
|
SEVERANCE INDEMNITY FUND |
|
|
738.518 |
638.406 |
|
DEBTS |
|
|
54.983.609 |
50.066.704 |
|
. Financial M/L terms |
|
|
4.451.000 |
4.652.493 |
|
. . Financial M/L term banks |
|
|
|
201.493 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
4.451.000 |
4.451.000 |
|
. Financial short-term debts |
|
|
22.833.611 |
19.326.558 |
|
. . Financial short-term banks |
|
|
22.833.611 |
19.326.558 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
1.300.000 |
1.300.000 |
|
. Short-term debts to suppliers |
|
|
24.442.568 |
22.970.576 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
1.956.430 |
1.817.077 |
|
ACCRUED EXPENSE |
|
|
1.923.165 |
2.062.686 |
|
TOTAL LIABILITIES |
|
|
60.908.364 |
58.439.372 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
114.632.920 |
107.308.436 |
|
. Revenues from sales/services |
|
|
113.239.834 |
106.971.721 |
|
. Change of stock (products) |
|
|
|
|
|
OPERATING EXPENSES |
|
|
115.749.754 |
105.712.427 |
|
. Purchasing expenses |
|
|
89.576.984 |
81.907.825 |
|
. Change of stock (raw material) |
|
|
-302.334 |
-6.828 |
|
. Expenses from services |
|
|
14.543.301 |
13.136.973 |
|
. Expenses from leasing |
|
|
746.581 |
747.371 |
|
. General expenses/sundry charges |
|
|
980.487 |
905.535 |
|
. Staff expenses |
|
|
8.123.820 |
7.535.214 |
|
. Depreciation/Devaluation costs |
|
|
2.080.915 |
1.486.337 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-703.752 |
-628.608 |
|
. Financial charges |
|
|
-729.905 |
-661.429 |
|
. Financial revenues |
|
|
26.153 |
32.821 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-87.501 |
-488.568 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
-1.908.087 |
478.833 |
|
TAX |
|
|
311.680 |
421.073 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
-2.219.767 |
57.760 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 30/06/2006 |
as at 30/06/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
0,41 |
0,50 |
1,60 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
14,69 |
7,65 |
5,70 |
|
Current ratio |
Units |
=> 1 |
l |
0,75 |
0,76 |
1,08 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
l |
0,69 |
0,71 |
0,88 |
|
Return on Sales |
% |
|
l |
- 0,12 |
1,44 |
1,49 |
|
Average stock waiting period |
dd |
|
l |
8,24 |
7,74 |
25,19 |
|
Credits to clients average term |
dd |
|
l |
92,12 |
95,94 |
83,16 |
|
Debts to suppliers average term |
dd |
|
l |
88,34 |
91,18 |
99,54 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 0,62 |
- 0,58 |
- 0,53 |
|
Labour cost incidence |
% |
|
l |
7,17 |
7,04 |
5,76 |
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:
49.600 .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 4.774 significant companies.
The companies cash their credits on an average of 83 dd.
The average duration of suppliers debts is about 99 dd.
The sector's profitability is on an average of 1,49%.
The labour cost affects the turnover in the measure of 5,76%.
Goods are held in stock in a range of 25 dd.
The difference between the sales volume and the resources used to
realize it is about 2,09.
The employees costs represent the 5,74% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistically the trade activity passes through serious crises.
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%)