MIRA
INFORM REPORT
|
Report Date : |
21.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
LORIS BELLINI SPA |
|
|
|
|
Registered Office : |
Via Undici Febbraio, 0026
20021 – Bollate (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
01.01.1949 |
|
|
|
|
Com. Reg. No.: |
MI146-69032 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and Installation of Textile Machines and their
Accessories. |
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 421.900 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Loris Bellini Spa
Via Undici
Febbraio, 0026
20021 - Bollate (MI) -IT-
SUMMARY
|
Fiscal Code |
: |
00695610154 |
|
Legal Form |
: |
Joint stock company |
|
Foundation Date |
: |
01/01/1949 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
10.000.000/12.750.000 Eur |
|
Number of Employees |
: |
from 16 to 25 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
421.900 - Eur |
|
Score |
: |
Risk
low |
|
Creditworthness Rate |
: |
Excellent |
|
|
|
Solid financial structure that permits credit with low risk. |
ACTIVITY
Manufacturing and installation of textile machines and their
accessories.
LEGAL DATA
Legal Form : Joint stock company
|
Fiscal Code
: 00695610154 |
|
Foreign Trade Reg. no. :
MI089512 since 08/01/1992 |
|
Foreign Trade Reg. no. :
89512 of Milano since 08/01/1992 |
|
Chamber of Commerce no. : 390505 of Milano since 12/12/1949 |
|
Chamber of Commerce no. : 158881 of Mantova |
|
Firms' Register
: MI146-69032 since 19/02/1996 |
|
V.A.T. Code
: 00695610154 |
|
Court : 69032 of
Milano |
|
Foundation Date |
: 01/01/1949 |
|
|
Establishment Date |
: 17/11/1949 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.956.000 |
Eur |
|
Subscribed Capital |
: 876.000 |
Eur |
|
Paid up Capital |
: 876.000 |
Eur |
MEMBERS
|
Bellini |
Roberto |
|
Born in Bollate |
(MI) |
on 19/10/1952 |
- Fiscal Code : BLLRRT52R19A940A |
|
Residence : |
Via |
Leopardi |
, 30 |
- 20021 |
Bollate |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/06/2007 |
|
|
|
Board Chairman |
07/06/2007 |
|
|
No Protests registered.
|
Bellini |
Giovanni |
|
Born in Bollate |
(MI) |
on 23/11/1943 |
- Fiscal Code : BLLGNN43S23A940J |
|
Residence : |
Via |
Gavinana |
, 35 |
- 20024 |
Garbagnate Milanese |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/06/2007 |
|
|
No Protests registered.
|
Vecchia |
Gianmarco |
|
Born in Asola |
(MN) |
on 20/01/1968 |
- Fiscal Code : VCCGMR68A20A470Y |
|
Residence : |
Via |
Pasubio |
, 14 |
- 46041 |
Asola |
(MN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
10/12/2004 |
|
|
No Protests registered.
|
Vitale |
Lorenzo |
|
Born in Genova |
(GE) |
on 20/04/1939 |
- Fiscal Code : VTLLNZ39D20D969K |
|
Residence : |
Via |
M. Pagano |
, 51 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/06/2007 |
|
|
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.
|
BELLINI |
ROBERTO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
DYECONTROL BY LORIS BELLINI E ZAITEX S.R.L. |
Milano (MI) - IT - |
03954810960 |
Sole Director |
Active |
Registered |
|
IMMOBILIARE AZZURRA SRL |
Milano (MI) - IT - |
10180390154 |
Director |
Dismiss |
Registered |
|
TECSER S.R.L. |
Asola (MN) - IT - |
01366170205 |
Sole Director |
Active |
Registered |
|
VECCHIA |
GIANMARCO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
S.R.L. C.I.T.A.C. COSTRUZIONI INOX PER TINTURA, ASCIUGAMENTO E
CANDEGGIO |
Casalromano (MN) - IT - |
00208060202 |
Procurator |
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 |
|
S.r.l. C.i.t.a.c. Costruzioni Inox Per Tintura, Asciugamento E
Candeggio |
Casalromano - IT - |
00208060202 |
324.000 .Eur |
36,98 |
|
Bellini Roberto |
Bollate - IT - |
BLLRRT52R19A940A |
144.000 .Eur |
16,43 |
|
DE CESARE SILVANA |
Bollate - IT - |
DCSSVN51A42A794R |
72.000 .Eur |
8,21 |
|
FORMENTINI LUCA |
Bollate - IT - |
FRMLCU79L30A940O |
72.000 .Eur |
8,21 |
|
Bellini Davide Maria |
|
BLLDDM72S12F205T |
72.000 .Eur |
8,21 |
|
Bellini Alberto |
|
BLLLRT80E31A940G |
72.000 .Eur |
8,21 |
|
Tecser S.r.l. |
Asola - IT - |
01366170205 |
120.000 .Eur |
13,69 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Loris Bellini Servizi S.R.L. |
Bollate - IT - |
07844970157 |
9.761 .Eur |
90,00 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Undici Febbraio |
, 26 |
- 20021 - |
Bollate |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 02/3505901 |
|
|
|
|
PHONE |
: 02/3330871 |
|
|
|
|
Employees |
: 23 |
|
|
|
|
Fittings and Equipment |
for a value of
91.000 |
Eur |
|
|
|
|
Stocks |
for a value of
1.770.000 |
Eur |
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 sales net-work |
|
- its own agents |
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Austria |
|
- Francia |
|
- Irlanda |
|
- Rep.di Guinea |
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 |
|
|
Company Style
modifications |
|
Former Style |
New Style |
Changement Date |
|
Loris Bellini e C. Srl |
Loris Bellini SpA |
20/12/1995 |
|
Ex-Members /
Ex-Positions |
|
Bellini |
Roberto |
|
Born in Bollate |
on 19/10/1952 |
- Fiscal Code : BLLRRT52R19A940A |
|
Residence : |
Via |
Leopardi |
, 30 |
- 20021 |
Bollate |
(MI) |
- IT - |
|
Position |
|
Sole Director |
|
Goldoni |
Roberta |
|
Born in Milano |
on 19/09/1951 |
- Fiscal Code : GLDRRT51P59F205N |
|
Residence : |
Via |
G Gozzi |
, 8 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Permanent Auditor |
|
Gallizia |
Pietro |
|
Born in Casatenovo |
on 15/03/1945 |
- Fiscal Code : GLLPTR45C15B943M |
|
Residence : |
Via |
Bianca Di Savoia |
, 17 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Supervisory Board Chairman |
|
Invernizzi |
Carlo |
|
Born in Milano |
on 25/05/1957 |
- Fiscal Code : NVRCRL57E25F205H |
|
Residence : |
Via |
Palestrina Pier Luigi |
, 1 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
|
Temporary Auditor |
|
COLOMBO |
GIAN LUCA |
|
Born in MILANO |
on 06/08/1968 |
- Fiscal Code : CLMGLC68M06F205V |
|
Residence : |
Via |
BOLOGNA |
, 2/4 |
- 20051 |
Limbiate |
(MB) |
- IT - |
|
Position |
|
Procurator |
|
Former seats |
|
- |
Branch |
|
since 20/05/1985 |
until 31/12/1995 |
|
|
|
|
|
Via |
DE GASPERI |
- 46040 |
- CASALROMANO |
(MN) |
- IT - |
|
The firm absorved |
|
Loris Bellini Servizi S.R.L. |
|
Via |
XI FEBBRAIO |
, 0026 |
, 20021 |
, Bollate |
(MI) |
- IT - |
|
Fiscal Code: 07844970157 |
|
Date |
: |
12/02/2001 |
|
The firm absorbed by merging of |
|
Loris Bellini Servizi S.R.L. |
|
Via |
XI FEBBRAIO |
, 0026 |
, 20021 |
, Bollate |
(MI) |
- IT - |
|
Fiscal Code: 07844970157 |
|
Date |
: |
12/02/2001 |
|
Project of merging by taking over of |
|
Loris Bellini Servizi S.R.L. |
|
Via |
XI FEBBRAIO |
, 0026 |
, 20021 |
, Bollate |
(MI) |
- IT - |
|
Fiscal Code: 07844970157 |
|
Date |
Merging/Splitting-up Project : |
30/05/2000 |
PAYMENTS ANALYSIS
The average term of debts to suppliers is higher than the sector one.
PAYMENTS SCORE : ZZZZZ - No insolvency
CREDIT REVOLVING
The subject of inquiry has been monitored by our company:
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 |
|
BANCA POPOLARE DI VERONA E NOVARA |
Agenzia di Milano |
|
|
|
|
|
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
67.139 .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 is active since 1949
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 0,11% in 2006
The operating result in 2006 was positive (1,56%) falling within the
field's average.
Indebtedness is scanty since debts are lower than liquidity.
The recourse to financial credit is within the limits; on the other hand
the recourse to suppliers' credit is rated as fairly high even in comparison
with the sector's.
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 |
11.001.469 |
filed balance sheet |
|
Profit (Loss) for the period |
9.322 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
16.345.024 |
filed balance sheet |
|
Profit (Loss) for the period |
252.576 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
10.582.076 |
filed balance sheet |
|
Profit (Loss) for the period |
59.476 |
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 ) |
|
|
191.965 |
506.188 |
|
. Intangible assets |
|
|
100.841 |
27.471 |
|
. Tangible fixed assets |
|
|
91.124 |
78.997 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
91.124 |
78.997 |
|
. Long-term Investments |
|
|
|
399.720 |
|
. . Financial loans |
|
|
|
|
|
. . Own shares |
|
|
|
399.720 |
|
CURRENT ASSETS |
|
|
15.221.939 |
18.407.247 |
|
. Stock |
|
|
1.769.862 |
1.612.343 |
|
. Credits |
|
|
3.975.406 |
10.671.202 |
|
. . Credits to clients |
|
|
3.045.853 |
9.649.484 |
|
. . Other credits |
|
|
929.553 |
1.021.718 |
|
. Short-term financial assets |
|
|
207.321 |
204.974 |
|
. Liquid assets |
|
|
9.269.350 |
5.918.728 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
85.853 |
19.122 |
|
TOTAL ASSETS |
|
|
15.499.757 |
18.932.557 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
7.837.954 |
8.958.352 |
|
. Company's capital |
|
|
876.000 |
972.000 |
|
. Reserves |
|
|
2.582.033 |
2.863.177 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
4.370.599 |
4.870.599 |
|
. Profit (loss) |
|
|
9.322 |
252.576 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
50.738 |
51.606 |
|
SEVERANCE INDEMNITY FUND |
|
|
517.683 |
567.871 |
|
DEBTS |
|
|
7.071.938 |
9.327.907 |
|
. Financial M/L terms |
|
|
|
|
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
978.427 |
978.427 |
|
. . Financial short-term banks |
|
|
|
|
|
. . Financial short-term bonds |
|
|
929.622 |
929.622 |
|
. . Other financial short-term debts |
|
|
48.805 |
48.805 |
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
5.220.481 |
6.767.075 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
873.030 |
1.582.405 |
|
ACCRUED EXPENSE |
|
|
21.444 |
26.821 |
|
TOTAL LIABILITIES |
|
|
15.499.757 |
18.932.557 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
11.037.175 |
15.998.323 |
|
. Revenues from sales/services |
|
|
11.001.469 |
16.345.024 |
|
. Change of stock (products) |
|
|
-13.360 |
-383.711 |
|
OPERATING EXPENSES |
|
|
10.795.126 |
15.587.029 |
|
. Purchasing expenses |
|
|
2.871.896 |
3.964.225 |
|
. Change of stock (raw material) |
|
|
-170.879 |
-22.410 |
|
. Expenses from services |
|
|
6.852.568 |
10.418.776 |
|
. Expenses from leasing |
|
|
55.031 |
50.523 |
|
. General expenses/sundry charges |
|
|
13.496 |
13.161 |
|
. Staff expenses |
|
|
1.108.831 |
1.040.512 |
|
. Depreciation/Devaluation costs |
|
|
64.183 |
122.242 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
197.793 |
132.848 |
|
. Financial charges |
|
|
-51.616 |
-26.839 |
|
. Financial revenues |
|
|
249.409 |
159.687 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-293.197 |
-32.965 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
146.645 |
511.177 |
|
TAX |
|
|
137.323 |
258.601 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
9.322 |
252.576 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
43,52 |
18,81 |
2,08 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
n.c. |
0,38 |
2,53 |
|
Current ratio |
Units |
=> 1 |
l |
2,15 |
1,97 |
1,34 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
1,90 |
1,80 |
0,91 |
|
Return on Sales |
% |
|
l |
0,66 |
2,29 |
2,28 |
|
Average stock waiting period |
dd |
|
l |
57,88 |
35,49 |
81,97 |
|
Credits to clients average term |
dd |
|
l |
99,64 |
212,50 |
129,24 |
|
Debts to suppliers average term |
dd |
|
l |
192,16 |
168,76 |
140,98 |
|
Net financial revenues/ charges incidence |
% |
|
l |
1,79 |
0,81 |
- 1,01 |
|
Labour cost incidence |
% |
|
l |
10,07 |
6,36 |
24,74 |
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:
421.900 .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 202 significant companies.
The companies cash their credits on an average of 129 dd.
The average duration of suppliers debts is about 140 dd.
The sector's profitability is on an average of 2,28%.
The labour cost affects the turnover in the measure of 24,74%.
Goods are held in stock in a range of 81 dd.
The difference between the sales volume and the resources used to
realize it is about 1,04.
The employees costs represent the 24,70% 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 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%)