MIRA
INFORM REPORT
|
Report Date : |
27.10.2008 |
IDENTIFICATION DETAILS
|
Name : |
FIBRA SRL |
|
|
|
|
Registered Office : |
Via Xxiv Maggio, 1/BIS Avenza 54031 - |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
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|
Date of Incorporation : |
07.07.1983 |
|
|
|
|
Com. Reg. No.: |
MS010-4007 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of Raw Marbles and Freestones. Wholesale of Flooring and Covering Materials, Linoleum etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
Eur 139.000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
|
Fibra Srl |
|
Via |
Xxiv Maggio, |
1/BIS AVENZA |
|
54031 |
- Carrara |
(MS) |
-IT- |
SUMMARY
|
Fiscal Code |
: |
00424090454 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
01/12/1983 |
|
Patrimonial Consistence |
: |
400.000 Eur |
|
Turnover Range |
: |
6.500.000/7.750.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
139.000 - Eur |
|
Score |
: |
Risk medium |
|
Creditworthness Rate |
: |
Modest |
|
|
|
The financial situation is not very balanced-Credit is possible but |
|
|
|
following the future developments. |
ACTIVITY
Wholesale of raw marbles and freestones.
Wholesale of flooring and covering materials, linoleum etc.
LEGAL DATA
Legal Form :
Limited liability company
|
Fiscal Code :
00424090454 |
|
Foreign Trade Reg. no.
: 000723 of Massa since 25/11/1991 |
|
Chamber of Commerce no. :
79103 of Massa since 19/08/1983 |
|
Chamber of Commerce no.
: 160617 of Trapani |
|
Firms' Register : MS010-4007
since 19/02/1996 |
|
V.A.T. Code :
00424090454 |
|
R. E. C. no. : 10597 of
Massa since 20/09/1983 |
|
Establishment Date |
: 07/07/1983 |
|
|
Start of Activities |
: 01/12/1983 |
|
|
Legal Duration Date |
: 31/12/2020 |
|
|
Nominal Capital |
: 104.000 |
Eur |
|
Subscribed Capital |
: 104.000 |
Eur |
|
Paid up Capital |
: 104.000 |
Eur |
MEMBERS
|
Braccini |
Stefano |
|
Born in Carrara |
(MS) |
on 05/04/1960 |
- Fiscal Code : BRCSFN60D05B832Z |
|
Residence : |
Via |
Farini |
, 9 |
- 54031 |
Carrara |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
31/01/2008 |
|
|
No Protests registered.
|
Fiaschi |
Paolo |
|
Born in Carrara |
(MS) |
on 21/08/1960 |
- Fiscal Code : FSCPLA60M21B832O |
|
Residence : |
Via |
Adua |
, 13 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/02/2008 |
|
|
No Protests registered.
|
Braccini |
Fabio |
|
Born in Carrara |
(MS) |
on 17/11/1967 |
- Fiscal Code : BRCFBA67S17B832D |
|
Residence : |
Via |
Xxiv Maggio |
, 1/BIS |
- 54031 |
Carrara |
(MS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
31/01/2008 |
|
|
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.
|
BRACCINI |
STEFANO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
BRACCINI STEFANO |
- - |
BRCSFN60D05B832Z |
Proprietor |
Dismiss |
Ceased |
|
MAGGINI ANNUNZIATA E C. DI MAGGINI ANNUNZIATA, BRACCINI STEFANO E
BRACCINI FABIO |
Carrara (MS) - IT - |
00229210455 |
Partner |
Dismiss |
Registered |
|
BRACCINI |
FABIO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
MAGGINI ANNUNZIATA E C. DI MAGGINI ANNUNZIATA, BRACCINI STEFANO E
BRACCINI FABIO |
Carrara (MS) - IT - |
00229210455 |
Partner |
Dismiss |
Registered |
|
MARBLE ENTERPRISE S.R.L. |
- - |
01016910455 |
Director |
Dismiss |
Registered |
|
RESIDENZA LE ROSE S.R.L. |
Carrara (MS) - IT - |
01087640452 |
Sole Director |
Dismiss |
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 |
|
Fiaschi Paolo |
Carrara - IT - |
FSCPLA60M21B832O |
3.120 .Eur |
3,00 |
|
Braccini Fabio |
Carrara - IT - |
BRCFBA67S17B832D |
20.800 .Eur |
20,00 |
|
BRACCINI STEFANO |
|
BRCSFN60D05B832Z |
2.080 .Eur |
2,00 |
|
BELLEMO ROBERTO |
|
BLLRRT42E07C638F |
19.760 .Eur |
19,00 |
|
GRASSI MICHELA |
|
GRSMHL64A60F023W |
29.120 .Eur |
28,00 |
|
GRAZIANI PAOLA MARIA |
|
GRZPMR63P48L833H |
29.120 .Eur |
28,00 |
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 |
Xxiv Maggio |
, 1/BIS Loc. Avenza |
- 54033 - |
Carrara |
(MS) |
- IT - |
|
|
|
|
PHONE |
: 0585/857638 |
|
|
|
|
FAX |
: 0585/55145 |
|
|
|
|
Website |
: www.fibra.it |
|
- |
Branch |
(Operating branch ) |
since 20/12/2004 |
in : |
|
|
|
|
|
Via |
Covetta |
, 1 Loc. AVENZA |
- 54031 - |
Carrara |
(MS) |
- IT - |
|
|
|
|
PHONE |
: 0585/858972 |
|
- |
Branch |
(Office with warehouse ) |
since 31/01/2008 |
in : |
|
|
|
|
|
Viale |
D. Zaccagna |
, 15 Loc. AVENZA |
- 54031 - |
Carrara |
(MS) |
- IT - |
|
- |
Branch |
(Operating branch ) |
since 31/01/2008 |
in : |
|
|
|
|
|
Via |
B.e.n. Curatolo |
, 27 |
- 91015 - |
Custonaci |
(TP) |
- IT - |
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|
|
|
Employees |
: 2 |
|
|
|
|
Part-time workers |
: 4 |
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|
|
|
Fittings and Equipment |
for a value of
380.000 |
Eur |
|
|
|
|
Stocks |
for a value of
910.000 |
Eur |
The firm operates abroad as importer / exporter. .
Export represents from 20% to 50% of the global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Ex-Members /
Ex-Positions |
|
Braccini |
Stefano |
|
Born in Carrara |
on 05/04/1960 |
- Fiscal Code : BRCSFN60D05B832Z |
|
Residence : |
Via |
Farini |
, 9 |
- 54031 |
Carrara |
(MS) |
- IT - |
|
Position |
|
Managing Director |
|
Director |
|
Fiaschi |
Paolo |
|
Born in Carrara |
on 21/08/1960 |
- Fiscal Code : FSCPLA60M21B832O |
|
Residence : |
Via |
Adua |
, 13 |
- 54033 |
Carrara |
(MS) |
- IT - |
|
Position |
|
Director |
|
Board Chairman |
|
Braccini |
Fabio |
|
Born in Carrara |
on 17/11/1967 |
- Fiscal Code : BRCFBA67S17B832D |
|
Residence : |
Via |
Xxiv Maggio |
, 1/BIS |
- 54031 |
Carrara |
(MS) |
- IT - |
|
Position |
|
Managing Director |
|
Director |
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.
None reported in the name of the Firm.
FINANCIAL AND ECONOMICAL ANALYSIS
thanks to a progressive increase in turnover (+18,39% in 2007 compared
to 2006 and +15,89% in 2006 compared to 2005).
and reflects the field's average.
Short-term debts volume if compared to net worth, as it comes out from
the total indebtedness (10,87) which is anyway decreasing.
despite being lined up with sector's average.
It shows 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 |
6.588.304 |
filed balance sheet |
|
Profit (Loss) for the period |
56.330 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
5.564.879 |
filed balance sheet |
|
Profit (Loss) for the period |
29.125 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
4.801.551 |
filed balance sheet |
|
Profit (Loss) for the period |
26.135 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
4.433.895 |
filed balance sheet |
|
Profit (Loss) for the period |
14.839 |
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 ) |
|
|
289.030 |
299.799 |
|
. Intangible assets |
|
|
24.792 |
41.248 |
|
. Tangible fixed assets |
|
|
27.111 |
35.753 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
|
|
|
. Long-term Investments |
|
|
237.127 |
222.798 |
|
. . Financial loans |
|
|
237.127 |
222.798 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
3.879.273 |
4.059.882 |
|
. Stock |
|
|
911.408 |
1.196.339 |
|
. Credits |
|
|
2.788.689 |
2.706.496 |
|
. . Credits to clients |
|
|
2.788.689 |
2.706.496 |
|
. . Other credits |
|
|
|
|
|
. Short-term financial assets |
|
|
160.935 |
128.112 |
|
. Liquid assets |
|
|
18.241 |
28.935 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
8.951 |
7.514 |
|
TOTAL ASSETS |
|
|
4.177.254 |
4.367.195 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
331.881 |
275.549 |
|
. Company's capital |
|
|
104.000 |
104.000 |
|
. Reserves |
|
|
90.821 |
89.319 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
80.730 |
53.105 |
|
. Profit (loss) |
|
|
56.330 |
29.125 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
70.803 |
103.755 |
|
SEVERANCE INDEMNITY FUND |
|
|
19.590 |
17.514 |
|
DEBTS |
|
|
3.706.878 |
3.933.468 |
|
. 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 |
|
|
48.102 |
36.909 |
|
TOTAL LIABILITIES |
|
|
4.177.254 |
4.367.195 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
6.595.029 |
5.569.840 |
|
. Revenues from sales/services |
|
|
6.588.304 |
5.564.879 |
|
. Change of stock (products) |
|
|
|
|
|
OPERATING EXPENSES |
|
|
6.246.919 |
5.319.651 |
|
. Purchasing expenses |
|
|
4.941.203 |
4.840.269 |
|
. Change of stock (raw material) |
|
|
300.065 |
-388.410 |
|
. Expenses from services |
|
|
785.069 |
684.116 |
|
. Expenses from leasing |
|
|
16.419 |
19.781 |
|
. General expenses/sundry charges |
|
|
17.280 |
37.555 |
|
. Staff expenses |
|
|
145.383 |
81.477 |
|
. Depreciation/Devaluation costs |
|
|
41.500 |
44.863 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-220.180 |
-138.502 |
|
. Financial charges |
|
|
-231.212 |
-151.459 |
|
. Financial revenues |
|
|
11.032 |
12.957 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
3.581 |
4.164 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
131.511 |
115.851 |
|
TAX |
|
|
75.181 |
86.726 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
56.330 |
29.125 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2007 |
as at 31/12/2006 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
1,49 |
1,51 |
2,18 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
10,87 |
13,58 |
4,26 |
|
Current ratio |
Units |
=> 1 |
l |
1,06 |
1,07 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,81 |
0,75 |
0,81 |
|
Return on Sales |
% |
|
l |
1,48 |
1,32 |
2,43 |
|
Average stock waiting period |
dd |
|
l |
49,78 |
77,36 |
69,91 |
|
Credits to clients average term |
dd |
|
l |
152,35 |
175,06 |
125,65 |
|
Debts to suppliers average term |
dd |
|
l |
130,00 |
180,00 |
152,31 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 3,34 |
- 2,48 |
- 1,01 |
|
Labour cost incidence |
% |
|
l |
2,20 |
1,46 |
8,20 |
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:
139.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
200.644 |
|
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 2.760 significant companies.
The companies cash their credits on an average of 125 dd.
The average duration of suppliers debts is about 152 dd.
The sector's profitability is on an average of 2,43%.
The labour cost affects the turnover in the measure of 8,20%.
Goods are held in stock in a range of 69 dd.
The difference between the sales volume and the resources used to
realize it is about 1,32.
The employees costs represent the 8,36% 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 24.960 protested subjects are found; in the province they
count to 1.432.
The insolvency index for the region is 0,70, while for the province it
is 0,72.
Total Bankrupt companies in the province : 1.056.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.77 |
|
UK Pound |
1 |
Rs.79.78 |
|
Euro |
1 |
Rs.63.36 |
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%)