MIRA
INFORM REPORT
|
Report Date : |
25.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GREEN PROJECT S.R.L. |
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|
|
|
Registered Office : |
Via Don Giovanni Verita', 25/4
16158 - Genova (GE) |
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|
Country : |
Italy |
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|
Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
11.12.1995 |
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Com. Reg. No.: |
GE025-62323 |
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|
|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Manufacture of Data Processing Systems and Machines (Computers etc.) |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
EUR 103.800 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Slow but Correct |
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|
|
|
Litigation : |
Clear |
name & address
Green Project S.r.l.
Via Don Giovanni Verita', 25/4
16158 - Genova (GE) -IT-
SUMMARY
|
Fiscal Code |
: |
03539080105 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
11/12/1995 |
|
Patrimonial Consistence |
: |
500.000 Eur |
|
Turnover Range |
: |
3.750.000/5.000.000 Eur |
|
Number of Employees |
: |
from 16 to 25 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
103.800 - 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
Manufacture of data processing systems and machines (computers etc.)
Repairing of office machines, data processing systems and cash
registers. Trade of computer, software and hardware. Technical assistance
Wholesale trade and instllation of electronic supports, computer,
monitors e other spare parts.
Processing trade and consultant of software.
LEGAL DATA
Legal Form : Limited liability company
|
Fiscal Code : 03539080105 |
|
Foreign Trade Reg. no.
: GE025963 since 19/03/1999 |
|
Chamber of Commerce no.
: 353927 of Genova since 11/12/1995 |
|
Firms' Register : 62323 |
|
Firms' Register : GE025-62323 since 19/02/1996 |
|
V.A.T. Code : 03539080105 |
|
Establishment Date |
: 29/09/1995 |
|
|
Start of Activities |
: 11/12/1995 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 62.400 |
Eur |
|
Subscribed Capital |
: 62.400 |
Eur |
|
Paid up Capital |
: 62.400 |
Eur |
MEMBERS
|
Balbi |
Marco Giuseppe |
|
Born in Ronco Scrivia |
(GE) |
on 15/03/1955 |
- Fiscal Code : BLBMCG55C15H536F |
|
Residence : |
Via |
Francesco Pozzo |
, 7/8 |
- 16100 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
24/12/2004 |
|
|
|
Director |
24/12/2004 |
|
|
No Protests registered.
|
Danese |
Roberto |
|
Born in Savona |
(SV) |
on 11/07/1960 |
- Fiscal Code : DNSRRT60L11I480S |
|
Residence : |
Vico |
Della Lepre |
, 9 |
- 16124 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/12/2004 |
|
|
No Protests registered.
|
Podesta' |
Marco Giorgio |
|
Born in Genova |
(GE) |
on 13/07/1958 |
- Fiscal Code : PDSMCG58L13D969V |
|
Residence : |
Viale |
Pio Vii |
, 10/1 |
- 16148 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/12/2004 |
|
|
No Protests registered.
|
Ravera |
Gianfranco |
|
Born in Genova |
(GE) |
on 30/09/1965 |
- Fiscal Code : RVRGFR65P30D969V |
|
Residence : |
Via |
Balbi Piovera Giacomo |
, 12/23 |
- 16149 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/12/2004 |
|
|
No Protests registered.
|
Della Giustina |
Marco Riccardo |
|
Born in Genova |
(GE) |
on 04/05/1955 |
- Fiscal Code : DLLMCR55E04D969N |
|
Residence : |
Piazza |
Remondini Marcello |
, 7 |
- 16131 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/12/2004 |
|
|
|
Board Chairman |
24/12/2004 |
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|
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.
|
BALBI |
MARCO GIUSEPPE |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
ENERGRENE S.R.L. |
Genova (GE) - IT - |
01476950991 |
Director |
Dismiss |
Registered |
|
QUADRA S.R.L. |
Genova (GE) - IT - |
01224040996 |
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 |
|
Balbi Marco Giuseppe |
Genova - IT - |
BLBMCG55C15H536F |
12.480 .Eur |
20,00 |
|
Della Giustina Marco |
Genova - IT - |
DLLMRC55E04D969B |
12.480 .Eur |
20,00 |
|
Danese Roberto |
Genova - IT - |
DNSRRT60L11I480S |
12.480 .Eur |
20,00 |
|
Podesta' Marco Giorgio |
Genova - IT - |
PDSMCG58L13D969V |
12.480 .Eur |
20,00 |
|
Ravera Gianfranco |
Genova - IT - |
RVRGFR65P30D969V |
12.480 .Eur |
20,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Quadra S.r.l. |
Genova - IT - |
01224040996 |
9.000 .Eur |
75,00 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Don Giovanni Verita' |
, 25/4 |
- 16158 - |
Genova |
(GE) |
- IT - |
|
|
|
|
PHONE |
: 010/6563255 |
|
- |
Branch |
(Workshop ) |
since 15/02/2003 |
in : |
|
|
|
|
|
Corso |
Perrone Ferdinando Maria |
, 47/R |
- 16100 - |
Genova |
(GE) |
- IT - |
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|
|
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Employees |
: 21 |
|
|
|
|
Fittings and Equipment |
for a value of
51.645 |
Eur |
|
|
|
|
Stocks |
for a value of
153.500 |
Eur |
The firm has a direct commercial organization
Sales are on a local scale.
The company 's mainly customers are companies.
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Ex-Members /
Ex-Positions |
|
Della Giustina |
Marco |
|
Born in Genova |
on 04/05/1955 |
- Fiscal Code : DLLMRC55E04D969B |
|
Residence : |
Corso |
Europa |
, 1766 |
- 16100 |
Genova |
(GE) |
- IT - |
|
Position |
|
Managing Director |
|
Director |
|
Board Chairman |
|
Former seats |
|
- |
Branch |
(office ) |
since 01/03/1996 |
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|
|
|
|
Via |
Greto Di Cornigliano |
- 16100 |
- Genova |
(GE) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 02/03/1999 |
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|
|
|
|
Via |
Greto Di Cornigliano |
- 16100 |
- Genova |
(GE) |
- IT - |
PAYMENTS ANALYSIS
The average term of debts to suppliers is high compared with that of the
sector.
PAYMENTS SCORE : ZZZZZ - No insolvency
CREDIT REVOLVING
The subject of inquiry has been monitored by our company:
During the last Month : n. 1 times.
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 |
|
BANCA COMMERCIALE ITALIANA |
AGENZIA LOCALE |
|
|
|
2002 |
|
|
UNICREDITO ITALIANO S.P.A. |
AGENZIA LOCALE |
|
|
|
2008 |
|
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
None reported in the name of the Firm.
FINANCIAL AND ECONOMICAL ANALYSIS
Company's starting of activities dates back to 1995.
During the last years, it achieved profits (r.o.e. 0,59% on 2006) thanks
to a progressive increase in turnover (+10,32% in 2006 compared to 2005 and
+59,73% in 2005 compared to 2004).
The operating result was positive in the last financial year (5,74%) and
reflects the field's average.
The financial status of the company is fairly balanced with an
indebtedness level of 3,4 but with an increase as against the previous
accounting period.
Payments average period is high and higher than the sector.
Liquidity is however good.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
3.791.950 |
filed balance sheet |
|
Profit (Loss) for the period |
2.850 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
3.436.920 |
filed balance sheet |
|
Profit (Loss) for the period |
30.195 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
2.151.607 |
filed balance sheet |
|
Profit (Loss) for the period |
24.734 |
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 ) |
|
|
159.058 |
181.470 |
|
. Intangible assets |
|
|
38.102 |
11.888 |
|
. Tangible fixed assets |
|
|
108.956 |
157.582 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
|
|
|
. Long-term Investments |
|
|
12.000 |
12.000 |
|
. . Financial loans |
|
|
12.000 |
12.000 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
2.744.629 |
2.099.232 |
|
. Stock |
|
|
153.356 |
65.610 |
|
. Credits |
|
|
2.023.511 |
1.740.789 |
|
. . Credits to clients |
|
|
2.023.511 |
1.740.789 |
|
. . Other credits |
|
|
|
|
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
567.762 |
292.833 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
130.092 |
148.816 |
|
TOTAL ASSETS |
|
|
3.033.779 |
2.429.518 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
479.486 |
476.635 |
|
. Company's capital |
|
|
62.400 |
62.400 |
|
. Reserves |
|
|
414.236 |
384.040 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
2.850 |
30.195 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
|
|
|
SEVERANCE INDEMNITY FUND |
|
|
181.637 |
149.557 |
|
DEBTS |
|
|
2.367.065 |
1.798.910 |
|
. 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 |
|
|
|
|
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
|
|
|
ACCRUED EXPENSE |
|
|
5.591 |
4.416 |
|
TOTAL LIABILITIES |
|
|
3.033.779 |
2.429.518 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
3.969.538 |
3.412.751 |
|
. Revenues from sales/services |
|
|
3.791.950 |
3.436.920 |
|
. Change of stock (products) |
|
|
87.746 |
-32.673 |
|
OPERATING EXPENSES |
|
|
3.795.331 |
3.387.879 |
|
. Purchasing expenses |
|
|
1.516.407 |
1.385.416 |
|
. Change of stock (raw material) |
|
|
|
|
|
. Expenses from services |
|
|
1.066.693 |
1.014.356 |
|
. Expenses from leasing |
|
|
181.924 |
128.457 |
|
. General expenses/sundry charges |
|
|
19.404 |
19.172 |
|
. Staff expenses |
|
|
972.893 |
801.677 |
|
. Depreciation/Devaluation costs |
|
|
38.010 |
38.801 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-15.228 |
-10.794 |
|
. Financial charges |
|
|
-17.359 |
-12.163 |
|
. Financial revenues |
|
|
2.131 |
1.369 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-5.349 |
86.382 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
153.630 |
100.460 |
|
TAX |
|
|
150.780 |
70.265 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
2.850 |
30.195 |
|
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 |
4,61 |
1,95 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
3,40 |
2,71 |
4,30 |
|
Current ratio |
Units |
=> 1 |
l |
1,24 |
1,32 |
1,22 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
1,17 |
1,28 |
1,00 |
|
Return on Sales |
% |
|
l |
1,07 |
2,00 |
2,83 |
|
Average stock waiting period |
dd |
|
l |
14,54 |
6,84 |
34,52 |
|
Credits to clients average term |
dd |
|
l |
192,09 |
182,30 |
134,53 |
|
Debts to suppliers average term |
dd |
|
l |
290,00 |
240,00 |
150,49 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 0,40 |
- 0,31 |
- 0,80 |
|
Labour cost incidence |
% |
|
l |
25,65 |
23,32 |
19,26 |
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:
103.800 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
875.732 |
|
Population living in the region |
: |
1.592.309 |
|
Number of families in the region |
: |
754.141 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
463 |
|
- per non food products |
: |
1.607 |
|
- per energy consume |
: |
94 |
SECTOR DATA
The values are calculated on a base of 645 significant companies.
The companies cash their credits on an average of 134 dd.
The average duration of suppliers debts is about 150 dd.
The sector's profitability is on an average of 2,83%.
The labour cost affects the turnover in the measure of 19,26%.
Goods are held in stock in a range of 34 dd.
The difference between the sales volume and the resources used to
realize it is about 1,35.
The employees costs represent the 19,21% 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 7.546 protested subjects are found; in the province they
count to 4.210.
The insolvency index for the region is 0,48, while for the province it
is 0,48.
Total Bankrupt companies in the province : 3.970.
Total Bankrupt companies in the region : 7.305.
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%)