MIRA
INFORM REPORT
|
Report Date : |
13.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
B.C.M. SRL |
|
|
|
|
Registered Office : |
Viale Mazzini, 8 41058 – Vignola (MO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
04.07.1996 |
|
|
|
|
Com. Reg. No.: |
MO-1996-162233 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler of Non Ferrous Metals and Unfinished Non Ferrous Metal
Products. |
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 128.100 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
name & address
B.c.m. Srl
Viale Mazzini, 8
41058 - Vignola (MO) -IT-
SUMMARY
|
Fiscal Code |
: |
02375470362 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
07/10/1996 |
|
Patrimonial Consistence |
: |
500.000 Eur |
|
Turnover Range |
: |
10.000.000/12.750.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
128.100 - Eur |
|
Score |
: |
Risk medium |
|
Creditworthness Rate |
: |
Modest |
|
|
|
The financial situation is not very balanced-Credit is possible but |
|
|
|
following the future developments. |
ACTIVITY
Wholesale of non ferrous metals and unfinished non ferrous metal
products.
LEGAL DATA
Legal Form
: Limited liability company
|
Fiscal Code : 02375470362 |
|
Chamber of Commerce no. :
285218 of Modena since 29/07/1996 |
|
Firms' Register
: MO-1996-162233 since 02/08/1996 |
|
V.A.T. Code : 02375470362 |
|
R. E. C. no. : 19714 of Modena since
07/10/1996 |
|
R. E. C. no. : 49264 of Modena since 07/10/1996 |
Establishment Date : 04/07/1996
Start of
Activities :
07/10/1996
Legal Duration
Date : 31/12/2050
Nominal Capital : 90.000 Eur
Subscribed Capital : 90.000 Eur
Paid up Capital : 90.000 Eur
MEMBERS
|
Bonzagni |
Barbara |
|
Born in Modena |
(MO) |
on 21/04/1968 |
- Fiscal Code : BNZBBR68D61F257S |
|
Residence : |
Stradello |
Medici Caula |
, 26 |
- 41100 |
Modena |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/11/2006 |
|
|
|
Board Chairman |
20/11/2006 |
|
|
No Protests registered.
|
Montaruli |
Pietro |
|
Born in Carpi |
(MO) |
on 27/05/1966 |
- Fiscal Code : MNTPTR66E27B819A |
|
Residence : |
Via |
Ventimiglia |
, 142 |
- 41100 |
Modena |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/11/2006 |
|
|
|
Assistant board Chairman |
20/11/2006 |
|
|
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.
|
BONZAGNI |
BARBARA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
COSTRUZIONI METALLICHE LUNA SRL |
Vignola (MO) - IT - |
02879830368 |
Director |
Active |
Registered |
|
COSTRUZIONI METALLICHE LUNA SRL |
Vignola (MO) - IT - |
02879830368 |
Assistant board Chairman |
Active |
Registered |
|
MONTARULI |
PIETRO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
COSTRUZIONI METALLICHE LUNA SRL |
Vignola (MO) - IT - |
02879830368 |
Director |
Active |
Registered |
|
COSTRUZIONI METALLICHE LUNA SRL |
Vignola (MO) - IT - |
02879830368 |
Board Chairman |
Active |
Registered |
|
M INOX - SOCIETA' A RESPONSABILITA' LIMITATA |
Modena (MO) - IT - |
03112330364 |
Sole Director |
Active |
Registered |
|
MONTARULI MALISARDI S.N.C. DI MONTARULI PIETRO E MALISARDI MAURIZIO |
Modena (MO) - IT - |
02130760362 |
Partner |
- |
Ceased |
|
MONTARULI PIETRO |
Modena (MO) - IT - |
MNTPTR66E27B819A |
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 |
|
Bonzagni Barbara |
Modena - IT - |
BNZBBR68D61F257S |
45.000 .Eur |
50,00 |
|
Montaruli Pietro |
Modena - IT - |
MNTPTR66E27B819A |
45.000 .Eur |
50,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Multimetal S.r.l In Liquidazione |
|
03163380367 |
4.000 .Eur |
33,33 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Viale |
Mazzini |
, 8 |
- 41058 - |
Vignola |
(MO) |
- IT - |
|
|
|
|
PHONE |
: 059/851765 |
|
|
|
|
FAX |
: 059/852191 |
|
- |
Branch |
(Store ) |
since 01/06/1999 |
in : |
|
|
|
|
|
Via |
Europa |
, 22/24 |
- 41011 - |
Campogalliano |
(MO) |
- IT - |
|
|
|
|
PHONE |
: 059/851797 |
|
|
|
|
PHONE |
: 059/851765 |
|
- |
Branch |
(office ) |
since 01/09/2003 |
in : |
|
|
|
|
|
Stradello |
Medici Caula |
, 26 |
- 41100 - |
Modena |
(MO) |
- IT - |
|
- |
Branch |
(Branch office ) |
since 01/09/2003 |
in : |
|
|
|
|
|
Via |
Ventimiglia |
, 142 |
- 41100 - |
Modena |
(MO) |
- IT - |
|
|
|
|
PHONE |
: 059/851765 |
|
|
|
|
FAX |
: 059/852191 |
|
|
|
|
FAX |
: 059/301266 |
|
|
|
|
Employees |
: 4 |
|
|
|
|
Assistants |
: 1 |
|
|
|
|
Fittings and Equipment |
for a value of
54.500 |
Eur |
|
|
|
|
Stocks |
for a value of
1.190.500 |
Eur |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Former seats |
|
- |
Branch |
(Administrative office ) |
since 07/10/1996 |
until 16/01/2001 |
|
|
|
|
|
Via |
Dei Tipografi |
- 41100 |
- Modena |
(MO) |
- IT - |
|
- |
Branch |
(Store ) |
since 01/05/1998 |
until 18/05/2000 |
|
|
|
|
|
Via |
Dei Tipografi |
- 41100 |
- Modena |
(MO) |
- IT - |
PAYMENTS ANALYSIS
The average term of debts to suppliers is higher 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 POP. DI VERONA - BANCO S. GEMINIAN |
AGENZIA LOCALE |
|
|
|
5188 |
|
|
BANCA POPOLARE DELL'EMILIA ROMAGNA |
AGENZIA LOCALE |
|
|
|
5387 |
|
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 1996
During the last years, it achieved profits (r.o.e. 63,69% on 2006) with
a good increase in turnover (+45,34% in 2006 compared to 2005 and +11,8% in
2005 compared to 2004).
The operating result was positive in the last financial year (7,66%)
falling within the field's average.
Financial condition is not balanced as own capitals do not cover debts,
indebtedness level is in fact high (16,15) which is anyway decreasing.
Financial indebtedness is considered fair whereas the recourse to
commercial borrowings is high and higher than sector's average.
Liquid assets are good.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
10.504.426 |
filed balance sheet |
|
Profit (Loss) for the period |
249.610 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
7.227.250 |
filed balance sheet |
|
Profit (Loss) for the period |
38.205 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
6.464.265 |
filed balance sheet |
|
Profit (Loss) for the period |
31.763 |
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 ) |
|
|
157.427 |
77.003 |
|
. Intangible assets |
|
|
45.396 |
2.040 |
|
. Tangible fixed assets |
|
|
112.031 |
74.963 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
54.260 |
31.041 |
|
. Long-term Investments |
|
|
|
|
|
. . Financial loans |
|
|
|
|
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
6.573.902 |
3.472.925 |
|
. Stock |
|
|
1.190.270 |
667.153 |
|
. Credits |
|
|
5.382.275 |
2.795.231 |
|
. . Credits to clients |
|
|
5.009.506 |
2.630.948 |
|
. . Other credits |
|
|
372.769 |
164.283 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
1.357 |
10.541 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
60.919 |
71.824 |
|
TOTAL ASSETS |
|
|
6.792.248 |
3.621.752 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
391.896 |
142.286 |
|
. Company's capital |
|
|
90.000 |
10.000 |
|
. Reserves |
|
|
52.286 |
94.081 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
249.610 |
38.205 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
28.800 |
|
|
SEVERANCE INDEMNITY FUND |
|
|
21.992 |
26.109 |
|
DEBTS |
|
|
6.331.025 |
3.435.397 |
|
. Financial M/L terms |
|
|
|
|
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
1.406.795 |
795.753 |
|
. . Financial short-term banks |
|
|
1.406.795 |
795.753 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
4.500.302 |
2.513.102 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
423.928 |
126.542 |
|
ACCRUED EXPENSE |
|
|
18.535 |
17.960 |
|
TOTAL LIABILITIES |
|
|
6.792.248 |
3.621.752 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
10.525.712 |
7.252.210 |
|
. Revenues from sales/services |
|
|
10.504.426 |
7.227.250 |
|
. Change of stock (products) |
|
|
|
|
|
OPERATING EXPENSES |
|
|
10.005.402 |
7.117.899 |
|
. Purchasing expenses |
|
|
9.692.406 |
6.502.195 |
|
. Change of stock (raw material) |
|
|
-523.117 |
-140.779 |
|
. Expenses from services |
|
|
330.170 |
318.021 |
|
. Expenses from leasing |
|
|
113.005 |
117.644 |
|
. General expenses/sundry charges |
|
|
92.033 |
69.869 |
|
. Staff expenses |
|
|
178.313 |
181.984 |
|
. Depreciation/Devaluation costs |
|
|
122.592 |
68.965 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-61.402 |
-39.836 |
|
. Financial charges |
|
|
-61.468 |
-40.499 |
|
. Financial revenues |
|
|
66 |
663 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
|
|
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
458.908 |
94.475 |
|
TAX |
|
|
209.298 |
56.270 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
249.610 |
38.205 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
2,62 |
2,18 |
2,03 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
16,15 |
24,07 |
3,72 |
|
Current ratio |
Units |
=> 1 |
l |
1,03 |
1,01 |
1,16 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,85 |
0,81 |
0,96 |
|
Return on Sales |
% |
|
l |
3,54 |
1,48 |
2,10 |
|
Average stock waiting period |
dd |
|
l |
40,78 |
33,22 |
27,90 |
|
Credits to clients average term |
dd |
|
l |
171,64 |
131,04 |
112,06 |
|
Debts to suppliers average term |
dd |
|
l |
159,84 |
130,39 |
106,84 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 0,58 |
- 0,55 |
- 0,62 |
|
Labour cost incidence |
% |
|
l |
1,69 |
2,51 |
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:
128.100 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
659.925 |
|
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 1.621 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 lowly risky.
In the region 18.860 protested subjects are found; in the province they
count to 3.557.
The insolvency index for the region is 0,46, while for the province it
is 0,55.
Total Bankrupt companies in the province : 2.526.
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%)