MIRA
INFORM REPORT
|
Report Date : |
07.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AL. FA LAMINATI S.R.L. |
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|
|
|
Registered Office : |
Via Tito Speri, 19 NIGOLINE 25040 - Corte Franca (BS) |
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|
|
Country : |
Italy |
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|
Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
09.05.1989 |
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|
Com. Reg. No.: |
BS029-39724 |
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|
|
|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Manufacturing of Mechanical Implements. |
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 282.000 |
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|
|
|
Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
Al. Fa Laminati S.r.l.
Via Tito Speri, 19 NIGOLINE
25040 - Corte Franca (BS) -IT-
SUMMARY
|
Fiscal Code |
: |
03034290175 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
09/05/1989 |
|
Patrimonial Consistence |
: |
500.000 Eur |
|
Turnover Range |
: |
9.000.000/10.000.000 Eur |
|
Number of Employees |
: |
fom 6 to 10 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
282.000 - 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
Manufacturing of mechanical implements.
Wholesale of half-manufactured ferrous metals.
Wholesale of non ferrous metals and unfinished non ferrous metal
products.
LEGAL DATA
Legal Form
: Limited liability company
|
Fiscal Code
: 03034290175 |
|
Foreign Trade Reg. no. : BS027695
since 10/01/1992 |
|
Foreign Trade Reg. no. :
27695 of Brescia since 10/01/1992 |
|
Chamber of Commerce no. : 313534 of Brescia since 04/11/1988 |
|
Firms' Register
: BS029-39724 since 19/02/1996 |
|
V.A.T. Code : 03034290175 |
|
Court : 39724 of Brescia since
27/10/1988 |
Foundation Date : 12/09/1988
Establishment Date
: 12/09/1988
Start of
Activities : 09/05/1989
Legal Duration
Date : 31/12/2030
Nominal Capital : 98.800 Eur
Subscribed Capital
: 98.800 Eur
Paid up Capital : 98.800 Eur
MEMBERS
|
Medici |
Cesarino |
|
Born in Costa Volpino |
(BG) |
on 11/08/1957 |
- Fiscal Code : MDCCRN57M11D117F |
|
Residence : |
Via |
F.lli Calvi |
, 5 |
- 24062 |
Costa Volpino |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
08/01/1997 |
|
|
No Protests registered.
|
Medici |
Angelo |
|
Born in Lovere |
(BG) |
on 08/05/1969 |
- Fiscal Code : MDCNGL69E08E704R |
|
Residence : |
Via |
Cornasola |
, 6 |
- 24065 |
Lovere |
(BG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
18/02/2008 |
|
|
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.
|
MEDICI |
CESARINO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
SAE FLEX S.R.L. |
Corte Franca (BS) - IT - |
03245930171 |
Managing Director |
Active |
Registered |
|
SAE FLEX S.R.L. |
Corte Franca (BS) - IT - |
03245930171 |
Board Chairman |
Active |
Registered |
|
MEDICI |
ANGELO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
IMMOBILIARE S. ALESSANDRO S.R.L. |
Corte Franca (BS) - IT - |
00923800171 |
Liquidator |
- |
Ceased |
|
SAE FLEX S.R.L. |
Corte Franca (BS) - IT - |
03245930171 |
Director |
Active |
Registered |
|
SAE FLEX S.R.L. |
Corte Franca (BS) - IT - |
03245930171 |
Managing 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 |
|
Baccanelli Fulvia |
|
BCCFLV52A60A816R |
988 .Eur |
1,00 |
|
Medici Alessandro |
|
MDCLSN76C12E704W |
97.812 .Eur |
99,00 |
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 |
Tito Speri |
, 19 Loc. NIGOLINE |
- 25040 - |
Corte Franca |
(BS) |
- IT - |
|
|
|
|
PHONE |
: 030/9847194 |
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|
|
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PHONE |
: 030/9897194 |
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|
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Employees |
: 7 |
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|
|
|
Fittings and Equipment |
for a value of
25.000 |
Eur |
|
|
|
|
Stocks |
for a value of
816.500 |
Eur |
|
|
|
|
Furniture and fittings |
for a value of
77.468 |
Eur |
|
|
|
|
Cars |
for a value of
30.987 |
Eur |
|
|
|
|
Vehicles |
for a value of
61.974 |
Eur |
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- its own sales net-work |
|
- direct orders to foreign companies |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Company Style
modifications |
|
Former Style |
New Style |
Changement Date |
|
La Commerciale Srl |
Al.Fa. Laminati Srl |
27/12/1988 |
|
Ex-Members /
Ex-Positions |
|
Manenti |
Franco |
|
Born in Rovato |
on 29/11/1938 |
- Fiscal Code : MNNFNC38S29H598U |
|
Residence : |
Via |
Castello |
, 19 |
- 25038 |
Rovato |
(BS) |
- IT - |
|
Position |
|
Supervisory Board Chairman |
|
Medici |
Cesare |
|
Born in Costa Volpino |
on 11/08/1957 |
- Fiscal Code : MDCCSR57M11D117N |
|
Residence : |
Via |
Vittorio Veneto |
, 18 |
- 25057 |
Sale Marasino |
(BS) |
- IT - |
|
Position |
|
Sole Director |
PAYMENTS ANALYSIS
The average term of debts to suppliers is shorter than the sector
one.
PAYMENTS SCORE : ZZZZZ - No insolvency
CREDIT REVOLVING
The subject of inquiry has been monitored by our company:
During the last 6 Months : n. 1 times.
During the last 12 Months : n. 1 times.
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 |
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BANCA POPOLARE DI SONDRIO |
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IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
None reported in the name of the Firm.
FINANCIAL AND ECONOMICAL ANALYSIS
Subject is active since 1989
Unstable economic results mark the company's financial state of affairs.
with a loss in the last financial year.
The operating result was positive in the last financial year (3,21%) and
reflects the field's average.
The financial status of the company is fairly balanced with an
indebtedness level of 1,93 and falling as against the previous year (2,16).
Bank and suppliers credit recourse is limited, 60,15 gg. is payment
average period below field's average.
Payments are supported by good current assets.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
9.912.777 |
filed balance sheet |
|
Profit (Loss) for the period |
-13.542 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
9.593.554 |
filed balance sheet |
|
Profit (Loss) for the period |
44.167 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
13.323.300 |
filed balance sheet |
|
Profit (Loss) for the period |
401.448 |
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 ) |
|
|
146.862 |
97.834 |
|
. Intangible assets |
|
|
25.248 |
30.776 |
|
. Tangible fixed assets |
|
|
112.421 |
66.294 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
24.869 |
42.017 |
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. Long-term Investments |
|
|
9.193 |
764 |
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. . Financial loans |
|
|
9.193 |
764 |
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. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
4.672.795 |
4.660.183 |
|
. Stock |
|
|
816.450 |
572.403 |
|
. Credits |
|
|
588.560 |
1.466.536 |
|
. . Credits to clients |
|
|
461.348 |
1.280.477 |
|
. . Other credits |
|
|
127.212 |
186.059 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
3.267.785 |
2.621.244 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
8.086 |
9.729 |
|
TOTAL ASSETS |
|
|
4.827.743 |
4.767.746 |
|
. |
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LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
396.063 |
559.605 |
|
. Company's capital |
|
|
98.800 |
98.800 |
|
. Reserves |
|
|
310.805 |
416.638 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
-13.542 |
44.167 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
|
|
|
SEVERANCE INDEMNITY FUND |
|
|
68.874 |
55.611 |
|
DEBTS |
|
|
4.332.598 |
4.134.161 |
|
. Financial M/L terms |
|
|
300.000 |
300.000 |
|
. . Financial M/L term banks |
|
|
300.000 |
300.000 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
2.324.012 |
1.818.146 |
|
. . Financial short-term banks |
|
|
2.324.012 |
1.818.146 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
1.591.699 |
1.891.315 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
116.887 |
124.700 |
|
ACCRUED EXPENSE |
|
|
30.208 |
18.369 |
|
TOTAL LIABILITIES |
|
|
4.827.743 |
4.767.746 |
|
. |
|
|
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|
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PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
10.160.245 |
9.598.771 |
|
. Revenues from sales/services |
|
|
9.912.777 |
9.593.554 |
|
. Change of stock (products) |
|
|
244.048 |
|
|
OPERATING EXPENSES |
|
|
10.005.132 |
9.426.279 |
|
. Purchasing expenses |
|
|
8.972.074 |
8.345.156 |
|
. Change of stock (raw material) |
|
|
|
61.947 |
|
. Expenses from services |
|
|
467.028 |
530.247 |
|
. Expenses from leasing |
|
|
85.447 |
69.117 |
|
. General expenses/sundry charges |
|
|
21.503 |
2.555 |
|
. Staff expenses |
|
|
404.564 |
369.747 |
|
. Depreciation/Devaluation costs |
|
|
54.516 |
47.510 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-103.806 |
-99.746 |
|
. Financial charges |
|
|
-104.106 |
-99.748 |
|
. Financial revenues |
|
|
300 |
2 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
7 |
39.589 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
51.314 |
112.335 |
|
TAX |
|
|
64.856 |
68.168 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
-13.542 |
44.167 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
5,20 |
9,35 |
2,03 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
1,93 |
2,16 |
3,72 |
|
Current ratio |
Units |
=> 1 |
l |
1,15 |
1,21 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,95 |
1,06 |
0,96 |
|
Return on Sales |
% |
|
l |
0,41 |
0,95 |
2,10 |
|
Average stock waiting period |
dd |
|
l |
29,62 |
21,45 |
27,90 |
|
Credits to clients average term |
dd |
|
l |
16,74 |
48,02 |
112,06 |
|
Debts to suppliers average term |
dd |
|
l |
60,15 |
76,10 |
106,84 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 1,04 |
- 1,03 |
- 0,62 |
|
Labour cost incidence |
% |
|
l |
4,08 |
3,85 |
4,77 |
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:
282.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
1.169.259 |
|
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 1.621 significant companies.
The companies cash their credits on an average of 112 dd.
The average duration of suppliers debts is about 106 dd.
The sector's profitability is on an average of 2,10%.
The labour cost affects the turnover in the measure of 4,77%.
Goods are held in stock in a range of 27 dd.
The difference between the sales volume and the resources used to
realize it is about 1,69.
The employees costs represent the 4,87% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistcally the trade activity shows periods of crisis.
The area is statistically considered moderately risky.
In the region 50.886 protested subjects are found; in the province they
count to 5.551.
The insolvency index for the region is 0,55, while for the province it
is 0,48.
Total Bankrupt companies in the province : 3.452.
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%)