MIRA
INFORM REPORT
|
Report Date : |
13.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
CROMATOS - S.R.L. |
|
|
|
|
Registered Office : |
Via Barsanti, 28 47100 - Forli' (FO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
20.12.1991 |
|
|
|
|
Com. Reg. No.: |
FO012-17729 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Production of Synthetic Organic Colours and Intermediate Products. Organic Dyes Production. |
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 413.000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Cromatos - S.r.l.
|
Via |
Barsanti, |
28 |
|
47100 |
- Forli' |
(FO) |
-IT- |
SUMMARY
|
Fiscal Code |
: |
02130950401 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
20/12/1991 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
12.750.000/15.500.000 Eur |
|
Number of Employees |
: |
from 36 to 50 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
413.000 - Eur |
|
Score |
: |
Risk low |
|
Creditworthness Rate |
: |
Excellent |
|
|
|
Financial/patrimonial analysis very good - Credit with very low risk |
ACTIVITY
Production of synthetic organic colours and intermediate products.
Organic dyes production.
LEGAL DATA
Legal Form :
Limited liability company
|
Fiscal Code : 02130950401 |
|
Foreign Trade Reg. no.
: 008448 of Forli' since 14/04/1992 |
|
Chamber of Commerce no. :
243207 of Forli' since 30/09/1991 |
|
Chamber of Commerce no. :
492347 of Prato |
|
Firms' Register : FO012-17729 since 19/02/1996 |
|
V.A.T. Code : 02130950401 |
|
Court : 17729 of Forli' since 11/07/1991 |
|
Foundation Date |
: 01/06/1991 |
|
|
Establishment Date |
: 01/06/1991 |
|
|
Start of Activities |
: 20/12/1991 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 416.000 |
Eur |
|
Subscribed Capital |
: 416.000 |
Eur |
|
Paid up Capital |
: 416.000 |
Eur |
MEMBERS
|
Casadio |
Paolo |
|
Born in Forli' |
(FO) |
on 04/09/1963 |
- Fiscal Code : CSDPLA63P04D704E |
|
Residence : |
Corso |
Della Repubblica |
, 42 INT12 |
- 47100 |
Forli' |
(FO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
30/04/1998 |
|
|
|
Director |
30/04/1998 |
|
|
No Protests registered.
|
Piancastelli |
Luciano |
|
Born in Castel Bolognese |
(RA) |
on 07/06/1942 |
- Fiscal Code : PNCLCN42H07C065N |
|
Residence : |
Via |
Biancanigo |
, 264 |
- 48014 |
Castel Bolognese |
(RA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Chairman |
30/04/1998 |
|
|
|
Director |
30/04/1998 |
|
|
No Protests registered.
|
Bosi |
Alessandro |
|
Born in Milano |
(MI) |
on 18/03/1961 |
- Fiscal Code : BSOLSN61C18F205Z |
|
Residence : |
Strada |
Statale 610 |
, 8 |
- 40022 |
Castel del Rio |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
30/04/1998 |
|
|
|
Director |
30/04/1998 |
|
|
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.
|
CASADIO |
PAOLO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
AUSICROM S.R.L. |
Prato (PO) - IT - |
02006550970 |
Sole Director |
Active |
Registered |
|
CHIMICA TESSILE S.R.L. |
Prato (PO) - IT - |
02090380979 |
Managing Director |
Active |
Registered |
|
CHIMICA TESSILE S.R.L. |
Prato (PO) - IT - |
02090380979 |
Assistant board Chairman |
Active |
Registered |
|
GIOVEDI' - S.R.L. |
Forli' (FO) - IT - |
02605050406 |
Liquidator |
Dismiss |
Ceased |
|
PIANCASTELLI |
LUCIANO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CER-DOMUS SPA |
Castel Bolognese (RA) - IT - |
00084590397 |
Vice-Chairman |
Dismiss |
Ceased |
|
CER-DOMUS SPA |
Castel Bolognese (RA) - IT - |
00084590397 |
Legal Owners' representative |
Dismiss |
Ceased |
|
CONSORZIO SI.PR.A - CONSORZIO SICUREZZA E
PROTEZIONE AMBIENTALE |
Forli' (FO) - IT - |
07568490580 |
Director |
Active |
Registered |
|
CONSORZIO SI.PR.A - CONSORZIO SICUREZZA E PROTEZIONE
AMBIENTALE |
Forli' (FO) - IT - |
07568490580 |
Assistant board Chairman |
Active |
Registered |
|
PODERE CAMERINI SOCIETA' AGRICOLA |
Castel Bolognese (RA) - IT - |
02252540394 |
Partner |
Active |
Registered |
|
TEMA SINERGIE S.R.L. |
Faenza (RA) - IT - |
00970310397 |
Director |
Active |
Registered |
|
TEMA SINERGIE S.R.L. |
Faenza (RA) - IT - |
00970310397 |
Board Chairman |
Active |
Registered |
|
BOSI |
ALESSANDRO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
BELGA MOTO DI PHILIPPAERTS FRANK E C. -
S.A.S. |
Borgo Tossignano (BO) - IT - |
04001340373 |
Attorney with special power |
Dismiss |
Ceased |
|
BELGA MOTO DI PHILIPPAERTS FRANK E C. -
S.A.S. |
Borgo Tossignano (BO) - IT - |
04001340373 |
Limited Partner |
Dismiss |
Ceased |
|
BOSI IMMOBILIARE S.R.L. - IN LIQUIDAZIONE |
Castel del Rio (BO) - IT - |
02296811207 |
Sole Director |
Dismiss |
Ceased |
|
BOSI IMMOBILIARE S.R.L. - IN LIQUIDAZIONE |
Castel del Rio (BO) - IT - |
02296811207 |
Liquidator |
Dismiss |
Ceased |
|
CHIMICA TESSILE S.R.L. |
Prato (PO) - IT - |
02090380979 |
Board Chairman |
Active |
Registered |
|
GIOVEDI' - S.R.L. |
Forli' (FO) - IT - |
02605050406 |
Sole Director |
Dismiss |
Ceased |
|
SALSEDINE DI RICCI SANDRO E C. S.A.S. |
Forli' (FO) - IT - |
01184650396 |
Limited 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 |
|
Casadio Paolo |
Forli' - IT - |
CSDPLA63P04D704E |
33.280 .Eur |
8,00 |
|
Piancastelli Luciano |
Castel Bolognese - IT - |
PNCLCN42H07C065N |
112.320 .Eur |
27,00 |
|
Bosi Alessandro |
Castel del Rio - IT - |
BSOLSN61C18F205Z |
74.880 .Eur |
18,00 |
|
RINALDI PIERO |
Forli' - IT - |
RNLPRI63M15D704F |
12.480 .Eur |
3,00 |
|
FONTANA PIER LUIGI |
Castel del Rio - IT - |
FNTPLG61T30D704Y |
66.560 .Eur |
16,00 |
|
TURRINI MONICA |
Castel del Rio - IT - |
TRRMNC58C66A944Y |
41.600 .Eur |
10,00 |
|
BOSI LUCIANA |
Castel del Rio - IT - |
BSOLCN52E50C065G |
41.600 .Eur |
10,00 |
|
TORRICELLI PIER PAOLO |
Castel del Rio - IT - |
TRRPPL62H24D704M |
33.280 .Eur |
8,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Concolor S.r.l. |
|
01931910135 |
116.202 .Eur |
44,99 |
Active |
|
Giovedi' - S.r.l. |
Forli' - IT - |
02605050406 |
26.010 .Eur |
51,00 |
Ceased |
|
Ausicrom S.r.l. |
Prato - IT - |
02006550970 |
80.000 .Eur |
80,00 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 26/11/1991 |
in : |
|
|
|
|
|
Via |
Barsanti |
, 28 |
- 47100 - |
Forli' |
(FO) |
- IT - |
|
|
|
|
PHONE |
: 0543/796191 |
|
|
|
|
FAX |
: 0543/796189 |
|
- |
Branch |
(Warehouse ) |
since 01/02/2006 |
in : |
|
|
|
|
|
Via |
G. Gacci |
, 2 |
- 59100 - |
Prato |
(PO) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 06/03/2008 |
in : |
|
|
|
|
|
Via |
Del Molinuzzo |
, 73/C |
- 59100 - |
Prato |
(PO) |
- IT - |
|
|
|
|
Employees |
: 42 |
|
|
|
|
Fittings and Equipment |
for a value of
180.000 |
Eur |
|
|
|
|
Stocks |
for a value of
3.790.000 |
Eur |
|
|
|
|
Furniture and fittings |
for a value of
5.000 |
Eur |
|
|
|
|
for a value of
5.000 |
Eur |
|
|
|
|
Vehicles |
for a value of
21.000 |
Eur |
|
|
|
|
for a value of
21.000 |
Eur |
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- its own sales net-work |
Export represents up to 20% of the global turnover.
Products abroad are placed by :
|
- its own sales net-work |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Ex-Members /
Ex-Positions |
|
Piancastelli |
Luciano |
|
Born in Castel Bolognese |
on 07/06/1942 |
- Fiscal Code : PNCLCN42H07C065N |
|
Residence : |
Via |
Biancanigo |
, 264 |
- 48014 |
Castel Bolognese |
(RA) |
- IT - |
|
Position |
|
Chairman |
|
Director |
|
Piancastelli Luciano |
|
|
Born in Castel Bolognese |
on 07/06/1942 |
- Fiscal Code : PNCLCN42H07C065N |
|
Position |
|
Director |
|
Former seats |
|
- |
Branch |
(Store ) |
since 01/10/1994 |
until 27/12/1995 |
|
|
|
|
|
Via |
E. Fermi |
- 47100 |
- Forli' |
(FO) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 27/12/1995 |
until 16/02/1996 |
|
|
|
|
|
Via |
Barsanti |
- 47100 |
- Forli' |
(FO) |
- IT - |
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.
|
Immovable Type |
Value |
|
Real estates |
996.887 .Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the last available financial documents.
FINANCIAL AND ECONOMICAL ANALYSIS
with a good increase in turnover (+11,51% in 2007 compared to 2006 and
+13,42% in 2006 compared to 2005).
The return on Investment in the last financial year was positive (3,97%)
Company's financial status is balanced since indebtedness is not high
(1,84) even though on the increase if compared to 2006.
The exposure towards banks is slightly high, the recourse to suppliers'
credit is limited which is also lower than the sector average.
The management determines a good range of liquidity.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
13.313.642 |
filed balance sheet |
|
Profit (Loss) for the period |
34.026 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
11.938.378 |
filed balance sheet |
|
Profit (Loss) for the period |
233.853 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
10.525.208 |
filed balance sheet |
|
Profit (Loss) for the period |
212.079 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
9.221.266 |
filed balance sheet |
|
Profit (Loss) for the period |
98.884 |
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 ) |
|
|
1.839.894 |
2.056.128 |
|
. Intangible assets |
|
|
10.066 |
11.041 |
|
. Tangible fixed assets |
|
|
1.379.440 |
1.526.844 |
|
. . Land and buildings |
|
|
996.887 |
1.066.887 |
|
. . Plants, Equipm.and Machinery |
|
|
178.505 |
179.879 |
|
. Long-term Investments |
|
|
450.388 |
518.243 |
|
. . Financial loans |
|
|
450.388 |
518.243 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
8.716.916 |
7.385.885 |
|
. Stock |
|
|
3.785.355 |
3.209.100 |
|
. Credits |
|
|
4.866.742 |
4.108.714 |
|
. . Credits to clients |
|
|
4.256.983 |
3.931.723 |
|
. . Other credits |
|
|
609.759 |
176.991 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
64.819 |
68.071 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
3.852 |
2.943 |
|
TOTAL ASSETS |
|
|
10.560.662 |
9.444.956 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
3.012.548 |
2.978.522 |
|
. Company's capital |
|
|
416.000 |
416.000 |
|
. Reserves |
|
|
2.562.522 |
2.328.669 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
34.026 |
233.853 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
13.442 |
21.262 |
|
SEVERANCE INDEMNITY FUND |
|
|
394.065 |
378.430 |
|
DEBTS |
|
|
7.131.052 |
6.056.182 |
|
. Financial M/L terms |
|
|
1.520.356 |
1.587.030 |
|
. . Financial M/L term banks |
|
|
1.520.356 |
1.587.030 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
3.206.143 |
1.847.238 |
|
. . Financial short-term banks |
|
|
3.206.143 |
1.847.238 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
2.065.638 |
2.189.607 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
338.915 |
432.307 |
|
ACCRUED EXPENSE |
|
|
9.555 |
10.560 |
|
TOTAL LIABILITIES |
|
|
10.560.662 |
9.444.956 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
13.355.749 |
12.201.960 |
|
. Revenues from sales/services |
|
|
13.313.642 |
11.938.378 |
|
. Change of stock (products) |
|
|
-7.141 |
184.701 |
|
OPERATING EXPENSES |
|
|
12.935.805 |
11.586.885 |
|
. Purchasing expenses |
|
|
9.286.542 |
8.947.512 |
|
. Change of stock (raw material) |
|
|
-583.395 |
-1.016.016 |
|
. Expenses from services |
|
|
1.990.767 |
1.603.102 |
|
. Expenses from leasing |
|
|
19.784 |
50.361 |
|
. General expenses/sundry charges |
|
|
89.767 |
48.146 |
|
. Staff expenses |
|
|
1.882.210 |
1.681.632 |
|
. Depreciation/Devaluation costs |
|
|
250.130 |
272.148 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-138.630 |
-41.903 |
|
. Financial charges |
|
|
-141.251 |
-45.594 |
|
. Financial revenues |
|
|
2.621 |
3.691 |
|
FINANCIAL ASSETS CORRECTION |
|
|
-80.722 |
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
2 |
1.787 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
200.594 |
574.959 |
|
TAX |
|
|
166.568 |
341.106 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
34.026 |
233.853 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2007 |
as at 31/12/2006 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
2,67 |
2,40 |
1,49 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
1,84 |
1,47 |
2,33 |
|
Current ratio |
Units |
=> 1 |
l |
1,55 |
1,65 |
1,22 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,87 |
0,93 |
0,96 |
|
Return on Sales |
% |
|
l |
2,13 |
4,23 |
4,08 |
|
Average stock waiting period |
dd |
|
l |
102,34 |
96,76 |
41,95 |
|
Credits to clients average term |
dd |
|
l |
115,09 |
118,54 |
134,49 |
|
Debts to suppliers average term |
dd |
|
l |
65,80 |
74,34 |
131,76 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 1,04 |
- 0,35 |
- 0,86 |
|
Labour cost incidence |
% |
|
l |
14,13 |
14,08 |
13,54 |
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:
413.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
371.318 |
|
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 1.043 significant companies.
The companies cash their credits on an average of 134 dd.
The average duration of suppliers debts is about 131 dd.
The sector's profitability is on an average of 4,08%.
The labour cost affects the turnover in the measure of 13,54%.
Goods are held in stock in a range of 41 dd.
The difference between the sales volume and the resources used to
realize it is about 1,19.
The employees costs represent the 13,52% of the production costs.
STATISTICAL DETRIMENTAL DATA
Statistically the trade activity shows trifling crises.
The area is statistically considered lowly risky.
In the region 18.860 protested subjects are found; in the province they
count to 1.674.
The insolvency index for the region is 0,46, while for the province it
is 0,46.
Total Bankrupt companies in the province : 607.
Total Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.71 |
|
UK Pound |
1 |
Rs.83.30 |
|
Euro |
1 |
Rs.65.12 |
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%)