MIRA INFORM REPORT
|
Report Date : |
20.11.2008 |
IDENTIFICATION DETAILS
|
Name : |
GAMBINI GROUP INDUSTRIE CERAMICHE S.R.L. |
|
|
|
|
Registered Office : |
Viale Corassori, 70, 41100- |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
14.11.1988 |
|
|
|
|
Com. Reg. No.: |
RE033-20615 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Production of wall and paving tiles. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
EUR 843.000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Name & address
Gambini Group Industrie Ceramiche S.r.l.
Viale Corassori, 70
41100 -
SUMMARY
|
Fiscal Code |
: |
01868920362 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
20/12/1988 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
|
: |
35.000.000/50.000.000 Eur |
|
Number of Employees |
: |
from 91 to 110 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
843.000 - 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
Production of wall and paving tiles.
Production of gres tiles.
LEGAL DATA
Legal Form : Limited liability company
|
Fiscal Code : 01868920362 |
|
Foreign Trade Reg. no. : 023148 of Reggio Emilia since 18/05/1999 |
|
Chamber of Commerce no. : 228803 of Mantova |
|
Chamber of Commerce no. : 248554 of |
|
Chamber of Commerce no. : 302909 of |
|
Chamber of Commerce no. : 179655 of Reggio Emilia since 19/01/1989 |
|
Firms' Register : RE033-20615 since 19/02/1996 |
|
V.A.T. Code : 01451510356 |
|
Court : 20615 of Reggio Emilia since 10/01/1991 |
|
Foundation Date |
: 14/11/1988 |
|
|
Establishment Date |
: 14/11/1988 |
|
|
Start of Activities |
: 20/12/1988 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 528.000 |
Eur |
|
Subscribed Capital |
: 528.000 |
Eur |
|
Paid up Capital |
: 528.000 |
Eur |
MEMBERS
|
Gambini |
Giuliano |
|
Born in Quattro Castella |
(RE) |
on 21/10/1941 |
- Fiscal Code : GMBGLN41R21H122G |
|
Residence : |
Via |
Statutaria |
, 2/BSA |
- 42013 |
Casalgrande |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
29/12/2005 |
|
|
|
Director |
29/12/2005 |
|
|
|
Board Chairman |
29/12/2005 |
|
|
No Protests registered.
|
Iotti |
Loredana |
|
Born in Quattro Castella |
(RE) |
on 11/03/1944 |
- Fiscal Code : TTILDN44C51H122Q |
|
Residence : |
Via |
Statutaria |
, 2/BSA |
- 42013 |
Casalgrande |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
29/12/2005 |
|
|
|
Director |
29/12/2005 |
|
|
|
Assistant board Chairman |
29/12/2005 |
|
|
No Protests registered.
|
Aufiero |
Fiore |
|
Born in Termoli |
(CB) |
on 15/12/1969 |
- Fiscal Code : FRAFRI69T15L113T |
|
Residence : |
Strada |
Morane |
, 74 |
- 41100 |
|
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Auditor |
11/07/2007 |
|
|
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.
|
GAMBINI |
GIULIANO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CERAMICHE TEMPRA S.R.L. |
Prignano sulla Secchia (MO) - IT - |
00163440365 |
Managing Director |
Dismiss |
Registered |
|
CERAMICHE TEMPRA S.R.L. |
Prignano sulla Secchia (MO) - IT - |
00163440365 |
Director |
Dismiss |
Registered |
|
CERAMICHE TEMPRA S.R.L. |
Prignano sulla Secchia (MO) - IT - |
00163440365 |
Board Chairman |
Dismiss |
Registered |
|
EDILMONTECAVOLO S.A.S. DI GAMBINI GIULIANO E C. |
|
02884400363 |
General Partner |
Active |
Registered |
|
ELLEGI CERAMICHE S.R.L. |
Sassuolo (MO) - IT - |
00786590364 |
Managing Director |
Dismiss |
Registered |
|
ELLEGI CERAMICHE S.R.L. |
Sassuolo (MO) - IT - |
00786590364 |
Director |
Dismiss |
Registered |
|
ELLEGI CERAMICHE S.R.L. |
Sassuolo (MO) - IT - |
00786590364 |
Assistant board Chairman |
Dismiss |
Registered |
|
GEMMA S.P.A. |
Quattro Castella (RE) - IT - |
01132880350 |
Sole Director |
Dismiss |
Registered |
|
M.C.T. MEDITERRANEA CERAMIC TILE S.R.L. |
|
02523970362 |
Sole Director |
Active |
Registered |
|
M.P.A. MEDITERRANEA POLVERI S.R.L. |
|
02523980361 |
Sole Director |
Dismiss |
Registered |
|
MANUFACTORY EVER GRES MEG |
Oiry - FR - |
|
Chairman |
Dismiss |
Registered |
|
MONTECAVOLO S.S. DI GAMBINI GIULIANO E C. |
|
02660170362 |
Partner |
Active |
Registered |
|
TRE. VI. EXPORT DI A.C.G. ZWAAN E C. S.N.C. |
|
00261670939 |
Co-Partner |
Dismiss |
Ceased |
|
IOTTI |
LOREDANA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CERAMICHE TEMPRA S.R.L. |
Prignano sulla Secchia (MO) - IT - |
00163440365 |
Managing Director |
Dismiss |
Registered |
|
CERAMICHE TEMPRA S.R.L. |
Prignano sulla Secchia (MO) - IT - |
00163440365 |
Director |
Dismiss |
Registered |
|
CERAMICHE TEMPRA S.R.L. |
Prignano sulla Secchia (MO) - IT - |
00163440365 |
Assistant board Chairman |
Dismiss |
Registered |
|
EDILMONTECAVOLO S.A.S. DI GAMBINI GIULIANO E C. |
|
02884400363 |
Limited Partner |
Active |
Registered |
|
ELLEGI CERAMICA DI IOTTI LOREDANA |
Sassuolo (MO) - IT - |
|
Proprietor |
Dismiss |
Ceased |
|
ELLEGI CERAMICHE S.R.L. |
Sassuolo (MO) - IT - |
00786590364 |
Chairman |
Dismiss |
Registered |
|
ELLEGI CERAMICHE S.R.L. |
Sassuolo (MO) - IT - |
00786590364 |
Managing Director |
Dismiss |
Registered |
|
MONTECAVOLO S.S. DI GAMBINI GIULIANO E C. |
|
02660170362 |
Partner |
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 |
|
Gambini Giuliano |
Casalgrande - IT - |
GMBGLN41R21H122G |
352.400 .Eur |
66,74 |
|
Iotti Loredana |
Casalgrande - IT - |
TTILDN44C51H122Q |
175.600 .Eur |
33,25 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
CERAMICHE TEMPRA S.R.L. |
Prignano sulla Secchia - IT - |
00163440365 |
156.519 .Eur |
50,00 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 13/12/1990 |
in : |
|
|
|
|
|
Viale |
Corassori |
, 70 |
- 41100 - |
|
(MO) |
- IT - |
|
|
|
|
PHONE |
: 0522/841310 |
|
|
|
|
PHONE |
: 0522/772511 |
|
|
|
|
FAX |
: 0522/849976 |
|
- |
Branch |
(Factory ) |
since 01/07/1997 |
until 13/12/1990 |
in : |
|
|
|
|
|
Via |
Val Rossenna |
, 1 Loc. |
- 41048 - |
Prignano sulla Secchia |
(MO) |
- IT - |
|
|
|
|
PHONE |
: 0522841140 |
|
|
|
|
PHONE |
: 0522/841360 |
|
- |
Branch |
(Factory ) |
since 15/12/2005 |
in : |
|
|
|
|
|
Via |
Alessandro Volta |
, 7 Loc. VILLALUNGA |
- 42013 - |
Casalgrande |
(RE) |
- IT - |
|
- |
Branch |
(Store ) |
since 10/10/2001 |
in : |
|
|
|
|
|
Via |
Del Mulino |
, 25 |
- 42013 - |
Casalgrande |
(RE) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 16/05/2006 |
in : |
|
|
|
|
|
Via |
Albareda |
, 3 Loc. BONDENO |
- 46023 - |
Gonzaga |
(MN) |
- IT - |
|
|
|
|
Employees |
: 99 |
|
|
|
|
Fittings and Equipment |
for a value of
2.340.000 |
Eur |
|
|
|
|
Stocks |
for a value of
21.090.000 |
Eur |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Ex-Members /
Ex-Positions |
|
Gambini |
Giuliano |
|
Born in Quattro Castella |
on 21/10/1941 |
- Fiscal Code : GMBGLN41R21H122G |
|
Residence : |
Via |
Statutaria |
, 2/BSA |
- 42013 |
Casalgrande |
(RE) |
- IT - |
|
Position |
||
|
Sole Director |
||
|
|
||
|
GEMMA S.P.A. |
|
Via |
F.LLI CERVI |
, 37 |
, 42020 |
, Quattro Castella |
(RE) |
- IT - |
|
Fiscal Code: 01132880350 |
|
Date |
: |
15/12/2005 |
PAYMENTS ANALYSIS
The average term of debts to suplliers is normal compared with that
of the sector.
PAYMENTS SCORE : - 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.
IMMOVABLES
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
|
Immovable Type |
Value |
|
Real estates |
1.269.498 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL AND ECONOMICAL ANALYSIS
Subject is active since 1988
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 4,49% in 2007
The return on Investment in the last financial year was positive (5,11%)
The analysis shows a fair financial position as the indebtedness volume
is acceptable (2,52) even though on the increase if compared to 2006.
The recourse to bank credit is slightly high and also borrowings from
suppliers appear to be high, with an average payment period equal to 141,91 gg.
even if it still falls within the sector's average.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
39.033.417 |
filed balance sheet |
|
Profit (Loss) for the period |
452.615 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
35.569.653 |
filed balance sheet |
|
Profit (Loss) for the period |
314.850 |
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 31/12/2007 - Months 12 - Currency Eur - Amounts x 1 |
|
Balance Sheet as
at 31/12/2006 - Months 12 - Currency Eur - Amounts x 1 |
|
Years |
|
|
2007 |
2006 |
|
|
BALANCE SHEET
ACCOUNTS |
|
|
|
|
. |
|
|
|
|
|
ASSETS |
|
|
|
|
|
CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
7.145.171 |
6.390.198 |
|
. Intangible assets |
|
|
342.158 |
278.261 |
|
. Tangible fixed assets |
|
|
3.792.049 |
3.572.585 |
|
. . Land and buildings |
|
|
1.269.498 |
1.332.498 |
|
. . Plants, Equipm.and Machinery |
|
|
2.339.956 |
267.127 |
|
. Long-term Investments |
|
|
3.010.964 |
2.539.352 |
|
. . Financial loans |
|
|
3.010.964 |
2.539.352 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
40.712.740 |
34.990.954 |
|
. Stock |
|
|
21.084.759 |
17.000.067 |
|
. Credits |
|
|
15.653.706 |
14.353.416 |
|
. . Credits to clients |
|
|
14.384.554 |
13.540.536 |
|
. . Other credits |
|
|
1.269.152 |
812.880 |
|
. Short-term financial assets |
|
|
218.247 |
211.243 |
|
. Liquid assets |
|
|
3.756.028 |
3.426.228 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
692.019 |
760.253 |
|
TOTAL ASSETS |
|
|
48.549.930 |
42.141.405 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
10.059.574 |
9.686.960 |
|
. Company's capital |
|
|
528.000 |
528.000 |
|
. Reserves |
|
|
9.078.959 |
8.844.110 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
452.615 |
314.850 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
143.532 |
126.271 |
|
SEVERANCE INDEMNITY FUND |
|
|
753.874 |
932.883 |
|
DEBTS |
|
|
37.592.911 |
31.394.518 |
|
. Financial M/L terms |
|
|
8.466.502 |
4.772.796 |
|
. . Financial M/L term banks |
|
|
7.104.698 |
3.271.237 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
1.361.804 |
1.501.559 |
|
. Financial short-term debts |
|
|
14.222.574 |
12.358.906 |
|
. . Financial short-term banks |
|
|
13.394.103 |
12.302.096 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
828.471 |
56.810 |
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
13.607.682 |
13.127.272 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
1.296.153 |
1.135.544 |
|
ACCRUED EXPENSE |
|
|
39 |
773 |
|
TOTAL LIABILITIES |
|
|
48.549.930 |
42.141.405 |
PROFIT AND LOSS ACCOUNTS
|
OUTPUT VALUE |
|
|
43.388.701 |
36.880.143 |
|
. Revenues from sales/services |
|
|
39.033.417 |
35.569.653 |
|
. Change of stock (products) |
|
|
4.057.300 |
911.847 |
|
OPERATING EXPENSES |
|
|
40.907.138 |
35.020.180 |
|
. Purchasing expenses |
|
|
23.258.866 |
19.861.158 |
|
. Change of stock (raw material) |
|
|
-64.380 |
23.299 |
|
. Expenses from services |
|
|
10.361.459 |
9.209.497 |
|
. Expenses from leasing |
|
|
894.703 |
836.115 |
|
. General expenses/sundry charges |
|
|
998.758 |
531.186 |
|
. Staff expenses |
|
|
4.681.796 |
4.032.378 |
|
. Depreciation/Devaluation costs |
|
|
775.936 |
526.547 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-1.298.551 |
-655.314 |
|
. Financial charges |
|
|
-1.411.219 |
-759.784 |
|
. Financial revenues |
|
|
112.668 |
104.470 |
|
FINANCIAL ASSETS CORRECTION |
|
|
7.004 |
19.877 |
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
44.016 |
-107.057 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
1.234.032 |
1.117.469 |
|
TAX |
|
|
781.417 |
802.619 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
452.615 |
314.850 |
RATIOS
|
|
Item |
O.V. |
as at 31/12/2007 |
as at 31/12/2006 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
2,69 |
2,40 |
1,50 |
|
Net Short-term indebtedness |
Units |
- 1 |
2,52 |
2,39 |
2,87 |
|
Current ratio |
Units |
=> 1 |
1,39 |
1,31 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
0,67 |
0,67 |
0,84 |
|
Return on Sales |
% |
|
3,14 |
2,36 |
4,21 |
|
Average stock waiting period |
dd |
|
194,43 |
172,04 |
72,08 |
|
Credits to clients average term |
dd |
|
132,66 |
137,01 |
144,00 |
|
Debts to suppliers average term |
dd |
|
141,91 |
158,00 |
155,23 |
|
Net financial revenues/ charges incidence |
% |
|
- 3,32 |
- 1,84 |
- 1,31 |
|
Labour cost incidence |
% |
|
11,99 |
11,33 |
23,14 |
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;
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:
843.000 .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 453 significant companies.
The companies cash their credits on an average of 144 dd.
The average duration of suppliers debts is about 155 dd.
The sector's profitability is on an average of 4,21%.
The labour cost affects the turnover in the measure of 23,14%.
Goods are held in stock in a range of 72 dd.
The difference between the sales volume and the resources used to
realize it is about 0,99.
The employees costs represent the 23,19% 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.52 |
|
|
1 |
Rs.75.54 |
|
Euro |
1 |
Rs.63.12 |
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%)