MIRA
INFORM REPORT
|
Report Date : |
16.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SCRIBA NANOTECNOLOGIE S.R.L. |
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|
Registered Office : |
Via Fanin,48 40100 – Bologna (BO) |
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Country : |
Italy |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
14.03.2005 |
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|
Legal Form : |
Limited liability company |
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Line of Business : |
Research and Development in the Natural Science and Engineering Field. |
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 1.000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
name & address
Scriba Nanotecnologie S.r.l.
Via Fanin, 48
40100 - Bologna (BO) -IT-
SUMMARY
|
Fiscal Code |
: |
02542781204 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
01/10/2006 |
|
Patrimonial Consistence |
: |
150.000 Eur |
|
Turnover Range |
: |
75.000/100.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
N.B.: Additional information are present in the "FURTHER
INFORMATION" module.
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
1.000 - Eur |
|
Score |
: |
Risk high |
|
Creditworthness Rate |
: |
Scanty |
|
|
|
Commercial trend and economic/financial situation not adequate - |
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|
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Caution recommended for credit transaction. |
ACTIVITY
Research and Development in the natural science and engineering field.
LEGAL DATA
Legal Form
: Limited liability
company
|
Fiscal Code : 02542781204 |
|
Chamber of Commerce no. :
447542 of Bologna since 18/03/2005 |
|
V.A.T. Code : 02542781204 |
|
Foundation Date |
: 14/03/2005 |
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|
Establishment Date |
: 14/03/2005 |
|
|
Start of Activities |
: 01/10/2006 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 18.750 |
Eur |
|
Subscribed Capital |
: 18.750 |
Eur |
|
Paid up Capital |
: 18.750 |
Eur |
MEMBERS
|
Biscarini |
Fabio |
|
Born in Perugia |
(PG) |
on 15/04/1962 |
- Fiscal Code : BSCFBA62D15G478D |
|
Residence : |
Via |
Brunelli |
, 4 |
- 40135 |
Bologna |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
16/02/2006 |
|
|
|
Board Chairman |
16/02/2006 |
|
|
No Protests registered.
|
Matacotta |
Francesco Cino |
|
Born in Ancona |
(AN) |
on 17/02/1956 |
- Fiscal Code : MTCFNC56B17A271O |
|
Residence : |
Via |
La Tinta |
, 23 |
- 56100 |
Pisa |
(PI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
27/02/2006 |
|
|
|
Director |
16/02/2006 |
|
|
No Protests registered.
|
Ragazzini |
Pierantonio |
|
Born in Forli' |
(FO) |
on 26/04/1954 |
- Fiscal Code : RGZPNT54D26D704F |
|
Residence : |
Via |
Pallotta |
, 26 |
- 47100 |
Forli' |
(FO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
16/02/2006 |
|
|
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.
|
MATACOTTA |
FRANCESCO CINO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
SED DI FABRIZIO DE CARLI E C. - SOCIETA' IN NOME COLLETTIVO |
Genova (GE) - IT - |
01107100107 |
Partner |
- |
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 |
|
I.m.a. Industria Macchine Automatiche S. p.a. In Sigla Ima S.p.a. |
Ozzano dell'Emilia - IT - |
00307140376 |
3.750 .Eur |
20,00 |
|
Biscarini Fabio |
Bologna - IT - |
BSCFBA62D15G478D |
5.250 .Eur |
28,00 |
|
Matacotta Francesco Cino |
Pisa - IT - |
MTCFNC56B17A271O |
3.765 .Eur |
20,08 |
|
Cavallini Massimiliano |
|
CVLMSM67B19H980R |
4.500 .Eur |
24,00 |
|
Massaccesi Gianluca |
|
MSSGLC65H23A271O |
1.485 .Eur |
7,92 |
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 |
|
in : |
|
|
|
|
|
Via |
Fanin |
, 48 |
- 40127 - |
Bologna |
(BO) |
- IT - |
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|
PHONE |
: 051/4200332 |
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FAX |
: 051/4200317 |
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Email |
: info@scriba-nanotec.com |
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|
|
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Employees |
: 5 |
|
|
|
|
Fittings and Equipment |
for a value of
2.500 |
Eur |
PAYMENTS ANALYSIS
The average term of debts to suppliers is shorter than the sector one.
PAYMENTS SCORE : - 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.
IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been requested.
None reported in the name of the Firm.
FINANCIAL AND ECONOMICAL ANALYSIS
The activity has only recently started.
During the last years, net losses were registered; in 2006 r.o.e. is
-46,13%.
The operating result is negative.
The company has an excellent net worth if compared to its debts, with a
low indebtedness (0,5) lower than in 2005.
Bank and suppliers credit recourse is limited, 41,18 gg. is payment
average period below field's average.
The management determines a good range of liquidity.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
91.935 |
filed balance sheet |
|
Profit (Loss) for the period |
-67.360 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1 |
filed balance sheet |
|
Profit (Loss) for the period |
-1.618 |
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 |
|
|
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|
. |
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ASSETS |
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CREDITS TO SHAREHOLDERS |
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|
FIXED ASSETS ( NET ) |
|
|
100.434 |
20.336 |
|
. Intangible assets |
|
|
68.317 |
20.237 |
|
. Tangible fixed assets |
|
|
24.369 |
99 |
|
. . Land and buildings |
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|
|
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. . Plants, Equipm.and Machinery |
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|
|
99 |
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. Long-term Investments |
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|
7.748 |
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. . Financial loans |
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|
7.748 |
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. . Own shares |
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|
|
|
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CURRENT ASSETS |
|
|
121.304 |
9.879 |
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. Stock |
|
|
|
|
|
. Credits |
|
|
119.191 |
6.664 |
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. . Credits to clients |
|
|
88.634 |
3.528 |
|
. . Other credits |
|
|
30.557 |
3.136 |
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. Short-term financial assets |
|
|
|
|
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. Liquid assets |
|
|
2.113 |
3.215 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
|
|
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TOTAL ASSETS |
|
|
221.738 |
30.215 |
|
. |
|
|
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LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
146.022 |
13.382 |
|
. Company's capital |
|
|
18.750 |
15.000 |
|
. Reserves |
|
|
196.250 |
|
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
-1.618 |
|
|
. Profit (loss) |
|
|
-67.360 |
-1.618 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
|
|
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SEVERANCE INDEMNITY FUND |
|
|
|
|
|
DEBTS |
|
|
75.716 |
16.833 |
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. Financial M/L terms |
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|
|
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. . Financial M/L term banks |
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|
|
|
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. . Financial M/L bonds |
|
|
|
|
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. . Other financial M/L debts |
|
|
|
|
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. Financial short-term debts |
|
|
43.091 |
|
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. . Financial short-term banks |
|
|
43.091 |
|
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. . Financial short-term bonds |
|
|
|
|
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. . Other financial short-term debts |
|
|
|
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. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
18.461 |
16.316 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
14.165 |
517 |
|
ACCRUED EXPENSE |
|
|
|
|
|
TOTAL LIABILITIES |
|
|
221.738 |
30.215 |
|
. |
|
|
|
|
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PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
117.869 |
8.528 |
|
. Revenues from sales/services |
|
|
91.935 |
|
|
. Change of stock (products) |
|
|
|
|
|
OPERATING EXPENSES |
|
|
183.194 |
10.202 |
|
. Purchasing expenses |
|
|
2.704 |
645 |
|
. Change of stock (raw material) |
|
|
|
|
|
. Expenses from services |
|
|
158.597 |
8.782 |
|
. Expenses from leasing |
|
|
|
|
|
. General expenses/sundry charges |
|
|
1.328 |
|
|
. Staff expenses |
|
|
8.118 |
|
|
. Depreciation/Devaluation costs |
|
|
12.447 |
775 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-191 |
56 |
|
. Financial charges |
|
|
-317 |
|
|
. Financial revenues |
|
|
126 |
56 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-2 |
|
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
-65.518 |
-1.618 |
|
TAX |
|
|
1.842 |
|
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
-67.360 |
-1.618 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2006 |
as at 31/12/2005 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
1,45 |
0,65 |
2,09 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
0,50 |
1,01 |
3,21 |
|
Current ratio |
Units |
=> 1 |
l |
1,60 |
0,58 |
1,24 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
1,60 |
0,58 |
1,11 |
|
Return on Sales |
% |
|
l |
- 59,73 |
n.c. |
5,13 |
|
Average stock waiting period |
dd |
|
l |
n.c. |
n.c. |
21,27 |
|
Credits to clients average term |
dd |
|
l |
347,04 |
n.c. |
162,36 |
|
Debts to suppliers average term |
dd |
|
l |
41,18 |
623,05 |
160,61 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 0,20 |
n.c. |
- 0,66 |
|
Labour cost incidence |
% |
|
l |
8,83 |
n.c. |
29,49 |
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)
FURTHER INFORMATION
SCRIBA Nanotecnologie develops identification, anti-counterfaction,
security and
health products based on nanotechnologies.
It is a spin-off company from the National Research Council - ISMN
Bologna.
It is owned by 3 senior nanotecnologists and IMA SpA, the leading
company
in the field of pharmaceutical packaging.
Scriba has fully developed the tagging system NU-CODE™ that allows the
permanent recording of digital data, on specially modified holograms.
Digital data recorded on the EN-TAG™ can be easily read either by
commercial digital
cameras or custom designed cameras. NU-CODE™ is the proper tool to
implement the
RESPONSIBLE PACKAGING criteria for pharmaceutical products.
The activity started steam ahead in the last 4 months of 2006.
Works were started that were invoiced in the following year. This
explains the
scanty sales in 2006.
The company is rated trustworthy.
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:
1.000 .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 214 significant companies.
The companies cash their credits on an average of 162 dd.
The average duration of suppliers debts is about 160 dd.
The sector's profitability is on an average of 5,13%.
The labour cost affects the turnover in the measure of 29,49%.
Goods are held in stock in a range of 21 dd.
The difference between the sales volume and the resources used to
realize it is about 0,99.
The employees costs represent the 26,57% 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%)