MIRA
INFORM REPORT
|
Report Date : |
07.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TECNA S.P.A. |
|
|
|
|
Registered Office : |
Via Grieco, 27/29 40024 -
Castel San Pietro Terme (BO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
28.09.1985 |
|
|
|
|
Com. Reg. No.: |
BO006-41939 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of Machine Tools for Metal Working and Tools for Machines. |
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 988.500
|
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Tecna S.p.a.
Via Grieco, 27/29
40024 - Castel San Pietro Terme (BO) -IT-
SUMMARY
|
Fiscal Code |
: |
03520460373 |
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
28/09/1985 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
20.000.000/25.000.000 Eur |
|
Number of Employees |
: |
from 36 to 50 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
988.500 - Eur |
|
Score |
: |
Risk low |
|
Creditworthness Rate |
: |
100Excellent |
|
|
|
Financial/patrimonial analysis very good - Credit with very low risk |
ACTIVITY
Manufacture of machine tools for metal working and tools for machines.
Manufacturing of welding-machines, calenders, mixing machines and
heating punches.
LEGAL DATA
Legal Form
: Joint stock company
|
Register of Handcraft firms
: 91478 of Bologna |
|
Fiscal Code
: 03520460373 |
|
Foreign Trade Reg. no.
: BO016726 since 31/12/1991 |
|
Foreign Trade Reg. no.
: 16726 of Bologna since 31/12/1991 |
|
Foreign Trade Reg. no.
: 016726 of Bologna since 31/12/1991 |
|
Chamber of Commerce no. :
296016 of Bologna since 14/10/1985 |
|
Firms' Register
: BO006-41939 since 19/02/1996 |
|
V.A.T. Code
: 00632201208 |
|
Court : 41939 of Bologna since
09/10/1985 |
|
Foundation Date |
: 28/09/1985 |
|
|
Establishment Date |
: 28/09/1985 |
|
|
Start of Activities |
: 28/09/1985 |
|
|
Legal Duration Date |
: 31/12/2030 |
|
|
Nominal Capital |
: 387.300 |
Eur |
|
Subscribed Capital |
: 387.300 |
Eur |
|
Paid up Capital |
: 387.300 |
Eur |
MEMBERS
|
Amadori |
Ezio |
|
Born in Castel San Pietro Terme |
(BO) |
on 18/04/1934 |
- Fiscal Code : MDRZEI34D18C265F |
|
Residence : |
Piazza |
Garibaldi |
, 8 |
- 40024 |
Castel San Pietro Terme |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
20/03/2007 |
|
|
No Protests registered.
|
Reggiani |
Paola |
|
Born in Castel San Pietro Terme |
(BO) |
on 17/04/1940 |
- Fiscal Code : RGGPLA40D57C265I |
|
Residence : |
Viale |
Terme |
, 862 |
- 40024 |
Castel San Pietro Terme |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
|
|
|
No Protests registered.
|
Avoni |
Feriana |
|
Born in Castel San Pietro Terme |
(BO) |
on 18/08/1953 |
- Fiscal Code : VNAFRN53M58C265E |
|
Residence : |
Via |
Gramsci |
, 213 |
- 40024 |
Castel San Pietro Terme |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
|
|
|
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.
|
AMADORI |
EZIO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
TECNA DI EZIO AMADORI |
Castel San Pietro Terme (BO) - IT - |
MDRZEI34D18C265F |
Proprietor |
- |
Ceased |
|
TECNA ELETTRONICA S.R.L. |
Castel San Pietro Terme (BO) - IT - |
03020120378 |
Sole Director |
Active |
Registered |
|
TECNA FIMM - S.R.L. |
Castel San Pietro Terme (BO) - IT - |
03917550372 |
Sole Director |
Active |
Registered |
|
REGGIANI |
PAOLA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
TECNA DI EZIO AMADORI |
Castel San Pietro Terme (BO) - IT - |
MDRZEI34D18C265F |
Proprietor |
Dismiss |
Ceased |
|
TECNA ELETTRONICA S.R.L. |
Castel San Pietro Terme (BO) - IT - |
03020120378 |
Sole Director |
Dismiss |
Registered |
|
TECNA FIMM - S.R.L. |
Castel San Pietro Terme (BO) - IT - |
03917550372 |
Sole Director |
Dismiss |
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 |
|
Amadori Ezio |
Castel San Pietro Terme - IT - |
MDRZEI34D18C265F |
232.380 .Eur |
60,00 |
|
Reggiani Paola |
Castel San Pietro Terme - IT - |
RGGPLA40D57C265I |
154.920 .Eur |
40,00 |
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 |
|
since 28/09/1985 |
in : |
|
|
|
|
|
Via |
Grieco |
, 27/29 |
- 40024 - |
Castel San Pietro Terme |
(BO) |
- IT - |
|
|
|
|
PHONE |
: 051/6954411 |
|
- |
Branch |
(Factory ) |
since 15/09/1997 |
in : |
|
|
|
|
|
Via |
Miglioli |
, 36 |
- 40024 - |
Castel San Pietro Terme |
(BO) |
- IT - |
|
|
|
|
Employees |
: 49 |
|
|
|
|
Fittings and Equipment |
for a value of
522.500 |
Eur |
|
|
|
|
Stocks |
for a value of
8.223.000 |
Eur |
|
|
|
|
Vehicles |
for a value of
103.291 |
Eur |
Trade organization: direct or by agents.
The company sells in Italy and abroad.
|
|
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 |
Import comes generally from the following nations:
|
- Germania |
|
- Francia |
|
- Belgio |
|
- Austria |
Export is mainly towards:
|
- Bulgaria |
|
- Polonia |
|
- Ungheria |
|
- Austria |
|
- Francia |
|
- Belgio |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Changes to the
legal form |
|
Former legal
form |
New legal form |
Changement Date |
|
General partnership |
Joint stock company |
01/08/1988 |
|
Company Style
modifications |
|
Former Style |
New Style |
Changement Date |
|
Tecna di Ezio Amadori e C. S.n.c. |
|
01/08/1988 |
|
Ex-Members /
Ex-Positions |
|
Amadori |
Ezio |
|
Born in Castel San Pietro Terme |
on 18/04/1934 |
- Fiscal Code : MDRZEI34D18C265F |
|
Residence : |
Piazza |
Garibaldi |
, 8 |
- 40024 |
Castel San Pietro Terme |
(BO) |
- IT - |
|
Position |
|
Partner |
|
Reggiani |
Paola |
|
Born in Castel San Pietro Terme |
on 17/04/1940 |
- Fiscal Code : RGGPLA40D57C265I |
|
Residence : |
Viale |
Terme |
, 862 |
- 40024 |
Castel San Pietro Terme |
(BO) |
- IT - |
|
Position |
|
Partner |
|
Procurator |
|
Romoli |
Romana |
|
Born in BOLOGNA |
on 10/02/1961 |
|
Residence : |
Via |
VIAZZA |
, 6/B |
- 40017 |
San Giovanni in Persiceto |
(BO) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Former seats |
|
- |
Branch |
(Production engineering department ) |
since 15/09/1997 |
|
|
|
|
|
Via |
Archimede |
- 40024 |
- Castel San Pietro Terme |
(BO) |
- IT - |
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 |
|
BANCA INTESA S.P.A. |
|
|
|
|
|
|
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
896.148 .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 1985.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 16,99% in 2006 with a stable trend in the turnover.
The operating result in 2006 was positive (15,02%) falling within the
field's average.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,39 which is yet rising if compared
to 2005.
Financial debts exposure is under control while the recourse to
commercial credit is rather frequent anyway better than the field's average.
Liquidity is good (1,97)
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
20.640.151 |
filed balance sheet |
|
Profit (Loss) for the period |
1.834.466 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
20.133.090 |
filed balance sheet |
|
Profit (Loss) for the period |
2.782.377 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
20.668.753 |
filed balance sheet |
|
Profit (Loss) for the period |
2.387.477 |
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 ) |
|
|
2.245.352 |
2.466.927 |
|
. Intangible assets |
|
|
538.346 |
527.323 |
|
. Tangible fixed assets |
|
|
1.692.443 |
1.686.037 |
|
. . Land and buildings |
|
|
896.148 |
762.390 |
|
. . Plants, Equipm.and Machinery |
|
|
522.597 |
588.506 |
|
. Long-term Investments |
|
|
14.563 |
253.567 |
|
. . Financial loans |
|
|
14.563 |
253.567 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
18.601.347 |
19.754.807 |
|
. Stock |
|
|
8.223.248 |
8.021.412 |
|
. Credits |
|
|
5.193.868 |
7.399.846 |
|
. . Credits to clients |
|
|
4.363.845 |
5.257.537 |
|
. . Other credits |
|
|
830.023 |
2.142.309 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
5.184.231 |
4.333.549 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
51.837 |
50.635 |
|
TOTAL ASSETS |
|
|
20.898.536 |
22.272.369 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
10.791.901 |
14.957.438 |
|
. Company's capital |
|
|
387.300 |
387.300 |
|
. Reserves |
|
|
8.570.135 |
11.787.761 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
1.834.466 |
2.782.377 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
200.910 |
211.739 |
|
SEVERANCE INDEMNITY FUND |
|
|
446.689 |
750.937 |
|
DEBTS |
|
|
9.440.446 |
6.338.408 |
|
. 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 |
|
|
4.243.649 |
3.885.934 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
5.196.797 |
2.452.474 |
|
ACCRUED EXPENSE |
|
|
18.590 |
13.847 |
|
TOTAL LIABILITIES |
|
|
20.898.536 |
22.272.369 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
20.450.877 |
20.348.613 |
|
. Revenues from sales/services |
|
|
20.640.151 |
20.133.090 |
|
. Change of stock (products) |
|
|
-197.021 |
177.698 |
|
OPERATING EXPENSES |
|
|
17.310.523 |
15.638.269 |
|
. Purchasing expenses |
|
|
7.700.895 |
6.813.494 |
|
. Change of stock (raw material) |
|
|
-398.857 |
-496.775 |
|
. Expenses from services |
|
|
6.702.988 |
6.551.213 |
|
. Expenses from leasing |
|
|
116.566 |
116.519 |
|
. General expenses/sundry charges |
|
|
57.984 |
154.553 |
|
. Staff expenses |
|
|
2.144.740 |
1.949.781 |
|
. Depreciation/Devaluation costs |
|
|
986.207 |
549.484 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
48.051 |
-7.601 |
|
. Financial charges |
|
|
-29.792 |
-36.385 |
|
. Financial revenues |
|
|
77.843 |
28.784 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
237 |
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
5.156 |
-71.111 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
3.193.561 |
4.631.869 |
|
TAX |
|
|
1.359.095 |
1.849.492 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
1.834.466 |
2.782.377 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
5,00 |
6,36 |
2,03 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
0,39 |
0,13 |
3,11 |
|
Current ratio |
Units |
=> 1 |
l |
1,97 |
3,11 |
1,26 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
1,09 |
1,85 |
0,92 |
|
Return on Sales |
% |
|
l |
13,66 |
16,54 |
3,50 |
|
Average stock waiting period |
dd |
|
l |
143,42 |
143,42 |
60,71 |
|
Credits to clients average term |
dd |
|
l |
76,10 |
93,99 |
124,63 |
|
Debts to suppliers average term |
dd |
|
l |
105,19 |
103,75 |
158,82 |
|
Net financial revenues/ charges incidence |
% |
|
l |
0,23 |
- 0,03 |
- 0,75 |
|
Labour cost incidence |
% |
|
l |
10,39 |
9,68 |
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:
988.500 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
944.297 |
|
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 3.720.
The insolvency index for the region is 0,46, while for the province it
is 0,40.
Total Bankrupt companies in the province : 4.335.
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%)