MIRA
INFORM REPORT
|
Report Date : |
08.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GUIDO FALCINI - S.P.A. |
|
|
|
|
Registered Office : |
Via Di Mezzo, 8/10 S. MARTINO
50013- Campi Bisenzio |
|
|
|
|
Country : |
Italy |
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|
|
|
Financials (as on) : |
31.12.2006 |
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|
|
Date of Incorporation : |
12.09.1980 |
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|
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|
Com. Reg. No.: |
FI017-29904 |
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|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesale of Hides, Skins and Leather. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
EUR 22.200 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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|
|
|
Litigation : |
Clear |
name & address
Guido Falcini - S.p.a.
Via Di Mezzo, 8/10 S. MARTINO
50013 - Campi Bisenzio (FI) -IT-
SUMMARY
|
Fiscal Code |
: |
03016730487 |
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
12/09/1980 |
|
Patrimonial Consistence |
: |
250.000 Eur |
|
Turnover Range |
: |
1.500.000/2.000.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
22.200 - Eur |
|
Score |
: |
Risk medium |
|
Creditworthness Rate |
: |
Scanty |
|
|
|
Modest financial and economic aspect - Limited credit is suggested. |
ACTIVITY
Wholesale of hides, skins and leather.
LEGAL DATA
Legal Form
: Joint stock company
|
Fiscal Code
: 03016730487 |
|
Foreign Trade Reg. no. :
FI007950 since 18/12/1991 |
|
Foreign Trade Reg. no. :
7950 of Firenze since 18/12/1991 |
|
Chamber of Commerce no. : 294103 of Firenze since 02/05/1980 |
|
Firms' Register
: FI017-29904 since 19/02/1996 |
|
V.A.T. Code
: 03016730487 |
|
Court
: 29904 of Firenze |
|
Foundation Date |
: 08/02/1980 |
|
|
Establishment Date |
: 08/02/1980 |
|
|
Start of Activities |
: 12/09/1980 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 208.000 |
Eur |
|
Subscribed Capital |
: 208.000 |
Eur |
|
Paid up Capital |
: 208.000 |
Eur |
MEMBERS
|
Falcini |
Giovanni |
|
Born in Campi Bisenzio |
(FI) |
on 27/12/1943 |
- Fiscal Code : FLCGNN43T27B507O |
|
Fiscal residence : |
Via |
Di Mezzo |
, 6 |
- 50013 |
Campi Bisenzio |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole Director |
30/04/2007 |
|
|
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.
|
FALCINI |
GIOVANNI |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
C.F.T. S.R.L. |
Signa (FI) - IT - |
04507030486 |
Director |
Active |
Registered |
|
IMMOBILARE*SAN MARTINO - SOCIETA' A RESPONSABILITA' LIMITATA |
Campi Bisenzio (FI) - IT - |
01948690480 |
Sole 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 |
|
Falcini Giovanni |
Campi Bisenzio - IT - |
FLCGNN43T27B507O |
156.867 .Eur |
75,41 |
|
Bargioni Mario |
|
BRGMRA58E15D612Q |
51.133 .Eur |
24,58 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
PROMO PIANA S.C.R.L. |
Campi Bisenzio - IT - |
04881820486 |
258 .Eur |
1,63 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 12/09/1980 |
in : |
|
|
|
|
|
Via |
Di Mezzo |
, 8/10 Loc. S. MARTINO |
- 50013 - |
Campi Bisenzio |
(FI) |
- IT - |
|
|
|
|
PHONE |
: 055/8960331 |
|
- |
Branch |
(Store ) |
since 01/03/1983 |
in : |
|
|
|
|
|
Via |
Di Mezzo |
, 6/8 |
- 50013 - |
Campi Bisenzio |
(FI) |
- IT - |
|
|
|
|
PHONE |
: 055/8960331 |
|
- |
Branch |
(Store ) |
since 01/03/1983 |
in : |
|
|
|
|
|
Via |
S. Martino |
, 125 |
- 50013 - |
Campi Bisenzio |
(FI) |
- IT - |
|
|
|
|
PHONE |
: 055/8960331 |
|
- |
Branch |
(Store ) |
since 01/01/1998 |
in : |
|
|
|
|
|
Via |
Di Mezzo |
, 12 |
- 50013 - |
Campi Bisenzio |
(FI) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 02/04/2001 |
in : |
|
|
|
|
|
Via |
B. Buozzi |
, 268 |
- 50013 - |
Campi Bisenzio |
(FI) |
- IT - |
|
|
|
|
Employees |
: 5 |
|
|
|
|
Fittings and Equipment |
for a value of
69.721 |
Eur |
|
|
|
|
Stocks |
for a value of
898.500 |
Eur |
|
|
The firm operates abroad as importer. .
To purchase foreign products the firm uses the following channels :
|
- distributors |
Export represents up to 20% of the global turnover.
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 |
12/09/1980 |
|
Ex-Members /
Ex-Positions |
|
Falcini Giuseppe |
|
|
Born in Campi Bisenzio |
on 21/01/1942 |
- Fiscal Code : FLCGPP42A21B507U |
|
Position |
|
Managing Director |
|
Squilloni Falcini Giuletta |
|
|
Born in Campi Bisenzio |
on 24/03/1915 |
- Fiscal Code : SQLGTT15C64B507X |
|
Position |
|
Managing Director |
PAYMENTS ANALYSIS
The average term of debts to suppliers is high compared with that
of the sector.
PAYMENTS SCORE : - 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.
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 1980
Unstable economic results mark the company's financial state of affairs.
yet with a positive result in the 2006 (r.o.e. 2,46%).
The operating result was positive in the last financial year (3,36%)
falling within the field's average.
The financial position is not well balanced as the volume of debts is
fairly remarkable if compared to shareholder's equity, in fact total debts are
6,17 which is also improving if compared to the previous year.
Payments average period is high however above the 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 |
1.960.214 |
filed balance sheet |
|
Profit (Loss) for the period |
5.600 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.880.685 |
filed balance sheet |
|
Profit (Loss) for the period |
-82.748 |
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 ) |
|
|
18.357 |
31.393 |
|
. Intangible assets |
|
|
6.669 |
8.940 |
|
. Tangible fixed assets |
|
|
11.430 |
22.195 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
|
|
|
. Long-term Investments |
|
|
258 |
258 |
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. . Financial loans |
|
|
258 |
258 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
1.832.158 |
1.514.388 |
|
. Stock |
|
|
898.541 |
769.736 |
|
. Credits |
|
|
933.310 |
744.307 |
|
. . Credits to clients |
|
|
933.310 |
744.307 |
|
. . Other credits |
|
|
|
|
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
307 |
345 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
25.734 |
4.542 |
|
TOTAL ASSETS |
|
|
1.876.249 |
1.550.323 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
227.186 |
221.587 |
|
. Company's capital |
|
|
208.000 |
208.000 |
|
. Reserves |
|
|
13.586 |
42.940 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
53.395 |
|
. Profit (loss) |
|
|
5.600 |
-82.748 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
|
|
|
SEVERANCE INDEMNITY FUND |
|
|
212.461 |
210.368 |
|
DEBTS |
|
|
1.404.176 |
1.098.928 |
|
. 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 |
|
|
32.426 |
19.440 |
|
TOTAL LIABILITIES |
|
|
1.876.249 |
1.550.323 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
1.961.026 |
1.881.323 |
|
. Revenues from sales/services |
|
|
1.960.214 |
1.880.685 |
|
. Change of stock (products) |
|
|
|
|
|
OPERATING EXPENSES |
|
|
1.897.797 |
1.905.103 |
|
. Purchasing expenses |
|
|
1.516.851 |
1.438.932 |
|
. Change of stock (raw material) |
|
|
-128.805 |
-204.602 |
|
. Expenses from services |
|
|
208.828 |
288.749 |
|
. Expenses from leasing |
|
|
25.485 |
25.124 |
|
. General expenses/sundry charges |
|
|
8.726 |
87.126 |
|
. Staff expenses |
|
|
251.311 |
249.733 |
|
. Depreciation/Devaluation costs |
|
|
15.401 |
20.041 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-55.316 |
-49.886 |
|
. Financial charges |
|
|
-55.373 |
-50.124 |
|
. Financial revenues |
|
|
57 |
238 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
9.787 |
1.508 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
17.700 |
-72.158 |
|
TAX |
|
|
12.100 |
10.590 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
5.600 |
-82.748 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
23,94 |
13,75 |
2,16 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
6,17 |
4,95 |
4,74 |
|
Current ratio |
Units |
=> 1 |
l |
1,30 |
1,37 |
1,14 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
l |
0,66 |
0,67 |
0,92 |
|
Return on Sales |
% |
|
l |
1,07 |
- 3,33 |
1,69 |
|
Average stock waiting period |
dd |
|
l |
164,98 |
147,31 |
37,56 |
|
Credits to clients average term |
dd |
|
l |
171,39 |
142,45 |
111,16 |
|
Debts to suppliers average term |
dd |
|
l |
210,00 |
150,00 |
111,43 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 2,82 |
- 2,65 |
- 0,85 |
|
Labour cost incidence |
% |
|
l |
12,82 |
13,27 |
4,61 |
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:
22.200 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
965.388 |
|
Population living in the region |
: |
3.598.269 |
|
Number of families in the region |
: |
1.474.681 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
444 |
|
- per non food products |
: |
2.009 |
|
- per energy consume |
: |
122 |
SECTOR DATA
The values are calculated on a base of 1.450 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 111 dd.
The sector's profitability is on an average of 1,69%.
The labour cost affects the turnover in the measure of 4,61%.
Goods are held in stock in a range of 37 dd.
The difference between the sales volume and the resources used to
realize it is about 1,60.
The employees costs represent the 4,69% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistically the trade activity passes through serious crises.
The area is statistically considered moderately risky.
In the region 24.960 protested subjects are found; in the province they
count to 5.242.
The insolvency index for the region is 0,70, while for the province it
is 0,55.
Total Bankrupt companies in the province : 6.520.
Total Bankrupt companies in the region : 20.423.
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%)