MIRA
INFORM REPORT
|
Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AFROS S.P.A. |
|
|
|
|
Registered Office : |
Via Sella Quintino, 3 20100 –
Milano (MI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
20.12.1966 |
|
|
|
|
Com. Reg. No.: |
MI146-180153 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and Installation of Machines for Plastics Processing. Manufacture of Various Machines and Equipment for Rubber and Plastic |
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 900.000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
|
Afros S.p.a. |
|
Via |
Sella Quintino, |
3 |
|
20100 |
- Milano |
(MI) |
-IT- |
SUMMARY
|
Fiscal Code |
: |
00220520126 |
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
20/12/1966 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
50.000.000/75.000.000 Eur |
|
Number of Employees |
: |
from 251 to 500 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
900.000 - 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
Manufacturing and installation of machines for plastics processing.
Manufacture of various machines and equipment for rubber and plastic
materials processing.
Production of plastic products.
LEGAL DATA
Legal Form :
Joint stock company
|
Fiscal Code : 00220520126 |
|
Foreign Trade Reg. no.
: 65272 of Milano since 23/12/1991 |
|
Chamber of Commerce no.
: 981448 of Milano since 23/03/1978 |
|
Chamber of Commerce no.
: 149512 of Varese |
|
Firms' Register : MI146-180153 since 19/02/1996 |
|
V.A.T. Code : 00816070122 |
|
Court : 180153 of Milano |
|
Foundation Date |
: 20/12/1966 |
|
|
Establishment Date |
: 20/12/1966 |
|
|
Start of Activities |
: 20/12/1966 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 1.768.000 |
Eur |
|
Subscribed Capital |
: 1.768.000 |
Eur |
|
Paid up Capital |
: 1.768.000 |
Eur |
MEMBERS
|
Fiorentini |
Carlo |
|
Born in Bologna |
(BO) |
on 27/12/1930 |
- Fiscal Code : FRNCRL30T27A944P |
|
Residence : |
Via |
Volontario |
, 21 |
- 21047 |
Saronno |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
13/06/2007 |
|
|
|
Board Chairman |
13/06/2007 |
|
|
No Protests registered.
|
Volpato |
Marco |
|
Born in Verbania |
(NO) |
on 31/05/1945 |
- Fiscal Code : VLPMRC45E31L746P |
|
Residence : |
Via |
Pagano Mario |
, 61 |
- 20145 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
07/09/2007 |
|
|
|
Director |
13/06/2007 |
|
|
|
Attorney General |
02/10/1978 |
|
|
No Protests registered.
|
Negri |
Pierangelo |
|
Born in Casorate Primo |
(PV) |
on 07/07/1938 |
- Fiscal Code : NGRPNG38L07B988E |
|
Residence : |
Via |
Tosi |
, 60 |
- 27022 |
Casorate Primo |
(PV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
13/06/2007 |
|
|
No Protests registered.
|
Zarantonello |
Alberto |
|
Born in Gallarate |
(VA) |
on 28/06/1959 |
- Fiscal Code : ZRNLRT59H28D869Z |
|
Residence : |
Via |
Ariosto |
, 17 |
- 21054 |
Fagnano Olona |
(VA) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
28/05/2006 |
|
|
No Protests registered.
|
Meloth |
Heinz Hermann Josef |
|
Born in Worms |
on 09/02/1951 |
|
Residence : |
Zukunftstrasse |
, 42 |
Mainz |
- DE - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
13/06/2007 |
|
|
No Protests registered.
|
Manzillo |
Alfonso |
|
Born in Napoli |
(NA) |
on 22/08/1927 |
- Fiscal Code : MNZLNS27M22F839G |
|
Residence : |
Via |
Boulevard Suchet |
Parigi |
- FR - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
13/06/2007 |
|
|
No Protests registered.
|
Villa |
Paolo |
|
Born in Milano |
(MI) |
on 28/09/1957 |
- Fiscal Code : VLLPLA57P28F205H |
|
Residence : |
Via |
Cavour |
, 38 |
- 22078 |
Turate |
(CO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
02/10/1997 |
|
|
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.
|
FIORENTINI |
CARLO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
AUTOMATA SPA |
Milano (MI) - IT - |
04706930155 |
Director |
Active |
Registered |
|
BONO ENERGIA S.P.A. |
Peschiera Borromeo (MI) - IT - |
00757520150 |
Director |
Active |
Registered |
|
BONO EXACTA S.P.A. |
Milano (MI) - IT - |
10467120159 |
Director |
Dismiss |
Ceased |
|
BONO NETRO S.P.A. |
Milano (MI) - IT - |
10186650155 |
Director |
Active |
Registered |
|
BONO SISTEMI S.P.A. |
Milano (MI) - IT - |
10467110150 |
Director |
Dismiss |
Registered |
|
CANNON SPA |
Milano (MI) - IT - |
06223850154 |
Director |
Active |
Registered |
|
CANNON SPA |
Milano (MI) - IT - |
06223850154 |
Board Chairman |
Active |
Registered |
|
COMPONENTI PRESSE S.P.A. |
Grugliasco (TO) - IT - |
05474940011 |
Director |
Dismiss |
Ceased |
|
CRIOS S.P.A. |
Milano (MI) - IT - |
06816000159 |
Managing Director |
Active |
Registered |
|
CRIOS S.P.A. |
Milano (MI) - IT - |
06816000159 |
Director |
Active |
Registered |
|
LA MERIDIANA SOCIETA' SEMPLICE |
Milano (MI) - IT - |
04788060152 |
Partner |
Active |
Registered |
|
MICROMEC S.R.L. CON SOCIO UNICO |
Milano (MI) - IT - |
02935690129 |
Director |
Active |
Registered |
|
NEWULF S.R.L. |
Milano (MI) - IT - |
02630470124 |
Director |
Active |
Registered |
|
NORDITALIA RESINE - INDUSTRIA LAVORAZIONE RESINE E GOMME SINTETICHE
NATURALI E A |
Campodarsego (PD) - IT - |
00217590124 |
Director |
Dismiss |
Registered |
|
SANDRETTO INDUSTRIE S.P.A. |
Grugliasco (TO) - IT - |
05038680012 |
Director |
Dismiss |
Ceased |
|
T.C.S.MOLDING SYSTEMS SPA |
Milano (MI) - IT - |
09370010150 |
Director |
Active |
Registered |
|
T.C.S.MOLDING SYSTEMS SPA |
Milano (MI) - IT - |
09370010150 |
Chairman and Managing Director |
Dismiss |
Registered |
|
T.C.S.MOLDING SYSTEMS SPA |
Milano (MI) - IT - |
09370010150 |
Board Chairman |
Active |
Registered |
|
TECNOS SPA |
Milano (MI) - IT - |
04706920156 |
Director |
Active |
Registered |
|
TECNOS SPA |
Milano (MI) - IT - |
04706920156 |
Board Chairman |
Active |
Registered |
|
VOLPATO |
MARCO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
ARTES INGEGNERIA - S.P.A. |
Oliveto Citra (SA) - IT - |
01526990633 |
Director |
Active |
Registered |
|
AUTOMATA SPA |
Milano (MI) - IT - |
04706930155 |
Chairman |
Dismiss |
Registered |
|
AUTOMATA SPA |
Milano (MI) - IT - |
04706930155 |
Director |
Active |
Registered |
|
AUTOMATA SPA |
Milano (MI) - IT - |
04706930155 |
Board Chairman |
Active |
Registered |
|
BONO ENERGIA S.P.A. |
Peschiera Borromeo (MI) - IT - |
00757520150 |
Managing Director |
Dismiss |
Registered |
|
BONO ENERGIA S.P.A. |
Peschiera Borromeo (MI) - IT - |
00757520150 |
Director |
Active |
Registered |
|
BONO ENERGIA S.P.A. |
Peschiera Borromeo (MI) - IT - |
00757520150 |
Board Chairman |
Active |
Registered |
|
BONO EXACTA S.P.A. |
Milano (MI) - IT - |
10467120159 |
Director |
Dismiss |
Ceased |
|
BONO EXACTA S.P.A. |
Milano (MI) - IT - |
10467120159 |
Board Chairman |
Dismiss |
Ceased |
|
BONO NETRO S.P.A. |
Milano (MI) - IT - |
10186650155 |
Director |
Active |
Registered |
|
BONO NETRO S.P.A. |
Milano (MI) - IT - |
10186650155 |
Board Chairman |
Active |
Registered |
|
BONO SISTEMI S.P.A. |
Milano (MI) - IT - |
10467110150 |
Director |
Active |
Registered |
|
BONO SISTEMI S.P.A. |
Milano (MI) - IT - |
10467110150 |
Board Chairman |
Active |
Registered |
|
CANNON SPA |
Milano (MI) - IT - |
06223850154 |
Managing Director |
Active |
Registered |
|
CANNON SPA |
Milano (MI) - IT - |
06223850154 |
Director |
Active |
Registered |
|
CANNON SPA |
Milano (MI) - IT - |
06223850154 |
Board Chairman |
Dismiss |
Registered |
|
CC TECHNOLOGY S.R.L. |
- - |
02856810169 |
Director |
Dismiss |
Registered |
|
COMPONENTI PRESSE S.P.A. |
Grugliasco (TO) - IT - |
05474940011 |
Managing Director |
Dismiss |
Ceased |
|
COMPONENTI PRESSE S.P.A. |
Grugliasco (TO) - IT - |
05474940011 |
Director |
Dismiss |
Ceased |
|
COMPONENTI PRESSE S.P.A. |
Grugliasco (TO) - IT - |
05474940011 |
Board Chairman |
Dismiss |
Ceased |
|
CRIOS S.P.A. |
Milano (MI) - IT - |
06816000159 |
Managing Director |
Dismiss |
Registered |
|
CRIOS S.P.A. |
Milano (MI) - IT - |
06816000159 |
Director |
Active |
Registered |
|
CRIOS S.P.A. |
Milano (MI) - IT - |
06816000159 |
Board Chairman |
Active |
Registered |
|
DNA SRL |
Milano (MI) - IT - |
08901480155 |
Sole Director |
Dismiss |
Ceased |
|
FORMA S.R.L. |
Milano (MI) - IT - |
05086080966 |
Sole Director |
Active |
Registered |
|
LA MERIDIANA SOCIETA' SEMPLICE |
Milano (MI) - IT - |
04788060152 |
Partner |
Dismiss |
Registered |
|
MICROMEC S.R.L. CON SOCIO UNICO |
Milano (MI) - IT - |
02935690129 |
Director |
Active |
Registered |
|
MICROMEC S.R.L. CON SOCIO UNICO |
Milano (MI) - IT - |
02935690129 |
Board Chairman |
Active |
Registered |
|
MIZAR INFORMATICA S.P.A. |
Milano (MI) - IT - |
02105480178 |
Director |
Dismiss |
Registered |
|
MIZAR INFORMATICA S.P.A. |
Milano (MI) - IT - |
02105480178 |
Board Chairman |
Dismiss |
Registered |
|
NORDITALIA RESINE - INDUSTRIA LAVORAZIONE RESINE E GOMME SINTETICHE
NATURALI E A |
Campodarsego (PD) - IT - |
00217590124 |
Director |
Dismiss |
Registered |
|
SANDRETTO INDUSTRIE S.P.A. |
Grugliasco (TO) - IT - |
05038680012 |
Managing Director |
Dismiss |
Ceased |
|
SANDRETTO INDUSTRIE S.P.A. |
Grugliasco (TO) - IT - |
05038680012 |
Director |
Dismiss |
Ceased |
|
SANDRETTO INDUSTRIE S.P.A. |
Grugliasco (TO) - IT - |
05038680012 |
Board Chairman |
Dismiss |
Ceased |
|
SANDRETTO INDUSTRIE S.R.L. |
Grugliasco (TO) - IT - |
03134350010 |
Director |
Dismiss |
Legal proceedings |
|
SANDRETTO INDUSTRIE S.R.L. |
Grugliasco (TO) - IT - |
03134350010 |
Board Chairman |
Dismiss |
Legal proceedings |
|
SIRIO SISTEMI SPA |
Milano (MI) - IT - |
07272520151 |
Director |
Dismiss |
Registered |
|
T.C.S.MOLDING SYSTEMS SPA |
Milano (MI) - IT - |
09370010150 |
Managing Director |
Dismiss |
Registered |
|
T.C.S.MOLDING SYSTEMS SPA |
Milano (MI) - IT - |
09370010150 |
Director |
Active |
Registered |
|
TECNINOX SRL |
Caronno Pertusella (VA) - IT - |
03752180152 |
Board Chairman |
Dismiss |
Registered |
|
TECNOS SPA |
Milano (MI) - IT - |
04706920156 |
Managing Director |
Active |
Registered |
|
TECNOS SPA |
Milano (MI) - IT - |
04706920156 |
Director |
Active |
Registered |
|
TECNOS SPA |
Milano (MI) - IT - |
04706920156 |
Board Chairman |
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 |
|
Cannon Spa |
Milano - IT - |
06223850154 |
1.626.560 .Eur |
92,00 |
|
Volpato Marco |
Milano - IT - |
VLPMRC45E31L746P |
70.720 .Eur |
4,00 |
|
Fiorentini Carlo |
Saronno - IT - |
FRNCRL30T27A944P |
70.720 .Eur |
4,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Consorzio Assoutility |
Milano - IT - |
13286960151 |
|
0,40 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Sella Quintino |
, 3 |
- 20100 - |
Milano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 02/9658804 |
|
|
|
|
PHONE |
: 02/96531 |
|
- |
Branch |
(Office ) |
since 13/10/1986 |
in : |
|
|
|
|
|
Via |
Colombo C. |
, 0049 |
- 20090 - |
Trezzano sul Naviglio |
(MI) |
- IT - |
|
- |
Branch |
(Factory ) |
since 03/01/1967 |
in : |
|
|
|
|
|
Via |
G. Ferraris |
, 65 |
- 21042 - |
Caronno Pertusella |
(VA) |
- IT - |
|
|
|
|
PHONE |
: 02/96531 |
|
- |
Branch |
(Warehouse ) |
since 01/12/1993 |
in : |
|
|
|
|
|
Via |
Enrico Fermi |
, 355 |
- 21042 - |
Caronno Pertusella |
(VA) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 01/03/1997 |
in : |
|
|
|
|
|
Via |
Della Merlata |
- 20014 - |
Nerviano |
(MI) |
- IT - |
|
- |
Branch |
(Warehouse ) |
since 01/03/1997 |
in : |
|
|
|
|
|
Via |
Del Lazzaretto |
, 239 |
- 21042 - |
Caronno Pertusella |
(VA) |
- IT - |
|
|
|
|
Employees |
: 300 |
|
|
|
|
Fittings and Equipment |
for a value of
960.000 |
Eur |
|
|
|
|
Stocks |
for a value of
9.730.000 |
Eur |
|
|
|
|
Furniture and fittings |
for a value of
520.000 |
Eur |
|
|
|
|
Vehicles |
for a value of
36.000 |
Eur |
The firm operates abroad as importer / exporter. .
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- its own foreign branches |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Changes to the
legal form |
|
Former legal
form |
New legal form |
Changement Date |
|
Other forms |
Joint stock company |
11/09/1980 |
|
Ex-Members /
Ex-Positions |
|
Volpato |
Marco |
|
Born in Verbania |
on 31/05/1945 |
- Fiscal Code : VLPMRC45E31L746P |
|
Residence : |
Via |
Pagano Mario |
, 61 |
- 20145 |
Milano |
(MI) |
- IT - |
|
Position |
|
Managing Director |
|
Board Chairman |
|
Fiorentini |
Carlo |
|
Born in Bologna |
on 27/12/1930 |
- Fiscal Code : FRNCRL30T27A944P |
|
Residence : |
Via |
Volontario |
, 21 |
- 21047 |
Saronno |
(VA) |
- IT - |
|
Position |
|
Chairman |
|
Director |
|
Board Chairman |
|
Boschetti |
Giuseppe |
|
Born in Pavia |
on 24/07/1949 |
- Fiscal Code : BSCGPP49L24G388Q |
|
Residence : |
Via |
Montemaiano |
, 2/A |
- 27100 |
Pavia |
(PV) |
- IT - |
|
Position |
|
Board Chairman |
|
Meloth |
Heinz Hermann Josef |
|
Born in Worms |
on 09/02/1951 |
|
Residence : |
Zukunftstrasse |
, 42 |
Mainz |
- DE - |
|
Position |
|
Director |
|
VOLPATO |
MARCO |
|
Born in VERBANIA |
on 31/05/1945 |
- Fiscal Code : VLPMRC45E31L746P |
|
Residence : |
Via |
M. PAGANO |
, 61 |
- 20100 |
MILANO |
(MI) |
- IT - |
|
Position |
|
Attorney General |
|
Negri |
Pierangelo |
|
Born in Casorate Primo |
on 07/07/1938 |
- Fiscal Code : NGRPNG38L07B988E |
|
Residence : |
Via |
Tosi |
, 60 |
- 27022 |
Casorate Primo |
(PV) |
- IT - |
|
Position |
|
Director |
|
CORRADI |
PIERO |
|
Born in BOLOGNA |
on 22/12/1948 |
- Fiscal Code : CRRPRI48T22A944D |
|
Residence : |
Via |
A. STOPPANI |
, 18 |
- 21047 |
Saronno |
(VA) |
- IT - |
|
Position |
|
Procurator |
|
MELOTH |
HEINZ HERMANN JOSEF |
|
Born in WORMS |
on 09/02/1951 |
- Fiscal Code : MLTNRM51B |
|
Residence : |
ZUKUNFTSTRASSE |
, 42 |
MAINZ |
- DE - |
|
Position |
|
Director |
|
Former seats |
|
- |
Branch |
|
|
|
|
|
|
Via |
Eupilia |
- 20100 |
- Milano |
(MI) |
- IT - |
|
- |
Branch |
(Warehouse ) |
|
|
|
|
|
Via |
Monsignor Serafino Banfi |
- 21042 |
- Caronno Pertusella |
(VA) |
- IT - |
|
- |
Branch |
(office ) |
|
|
|
|
|
Via |
Paoli |
- 21042 |
- Caronno Pertusella |
(VA) |
- IT - |
|
- |
Branch |
(office ) |
|
|
|
|
|
Strada |
Vicinale Novella |
- 20014 |
- Nerviano |
(MI) |
- IT - |
PAYMENTS ANALYSIS
The average term of debts to suplliers is normal 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 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 |
6.406.469 .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 1966
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 15,47% in 2007 thanks to a progressive increase in
turnover (+8,29% in 2007 compared to 2006 and +20,41% in 2006 compared to
2005).
The operating result in 2007 was positive (6,92%) and in line with the
sector's average.
The financial status of the company is fairly balanced with an
indebtedness level of 2,66 even though on the increase if compared to 2006.
The company does not exceed in bank credits; payments average period is
instead slightly high (137,84 gg.) but lined up with the field's average.
The available funds are good.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
53.750.744 |
filed balance sheet |
|
Profit (Loss) for the period |
1.176.351 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
49.631.985 |
filed balance sheet |
|
Profit (Loss) for the period |
696.080 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
41.218.126 |
filed balance sheet |
|
Profit (Loss) for the period |
119.916 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
46.429.040 |
filed balance sheet |
|
Profit (Loss) for the period |
1.650.428 |
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 ) |
|
|
8.826.665 |
8.320.206 |
|
. Intangible assets |
|
|
9.393 |
107.877 |
|
. Tangible fixed assets |
|
|
8.756.827 |
8.104.397 |
|
. . Land and buildings |
|
|
6.406.469 |
6.696.255 |
|
. . Plants, Equipm.and Machinery |
|
|
957.905 |
1.149.858 |
|
. Long-term Investments |
|
|
60.445 |
107.932 |
|
. . Financial loans |
|
|
60.445 |
107.932 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
32.774.471 |
28.825.313 |
|
. Stock |
|
|
9.732.776 |
9.516.345 |
|
. Credits |
|
|
19.429.926 |
15.536.027 |
|
. . Credits to clients |
|
|
19.154.146 |
15.221.844 |
|
. . Other credits |
|
|
275.780 |
314.183 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
3.611.769 |
3.772.941 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
33.000 |
84.713 |
|
TOTAL ASSETS |
|
|
41.634.136 |
37.230.232 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
7.599.571 |
8.368.021 |
|
. Company's capital |
|
|
1.768.000 |
1.768.000 |
|
. Reserves |
|
|
4.655.220 |
5.903.941 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
1.176.351 |
696.080 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
540.968 |
606.806 |
|
SEVERANCE INDEMNITY FUND |
|
|
3.881.580 |
4.114.401 |
|
DEBTS |
|
|
29.468.299 |
23.766.363 |
|
. Financial M/L terms |
|
|
5.568.168 |
3.499.479 |
|
. . Financial M/L term banks |
|
|
5.019.552 |
2.657.987 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
548.616 |
841.492 |
|
. Financial short-term debts |
|
|
2.548.971 |
2.805.983 |
|
. . Financial short-term banks |
|
|
2.346.009 |
2.607.558 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
202.962 |
198.425 |
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
15.509.457 |
11.589.949 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
5.841.703 |
5.870.952 |
|
ACCRUED EXPENSE |
|
|
143.718 |
374.641 |
|
TOTAL LIABILITIES |
|
|
41.634.136 |
37.230.232 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
54.443.130 |
49.560.355 |
|
. Revenues from sales/services |
|
|
53.750.744 |
49.631.985 |
|
. Change of stock (products) |
|
|
654.038 |
-225.143 |
|
OPERATING EXPENSES |
|
|
51.557.920 |
47.457.119 |
|
. Purchasing expenses |
|
|
28.804.091 |
25.127.835 |
|
. Change of stock (raw material) |
|
|
-343.303 |
-269.983 |
|
. Expenses from services |
|
|
11.591.891 |
11.418.586 |
|
. Expenses from leasing |
|
|
98.793 |
78.975 |
|
. General expenses/sundry charges |
|
|
923.019 |
873.164 |
|
. Staff expenses |
|
|
9.620.492 |
9.382.484 |
|
. Depreciation/Devaluation costs |
|
|
862.937 |
846.058 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-351.562 |
-129.988 |
|
. Financial charges |
|
|
-351.562 |
-267.542 |
|
. Financial revenues |
|
|
|
137.554 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
6.364 |
14.634 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
2.540.012 |
1.987.882 |
|
TAX |
|
|
1.363.661 |
1.291.802 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
1.176.351 |
696.080 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2007 |
as at 31/12/2006 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
1,93 |
1,92 |
2,03 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
2,66 |
1,97 |
3,11 |
|
Current ratio |
Units |
=> 1 |
l |
1,37 |
1,42 |
1,26 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
0,96 |
0,95 |
0,92 |
|
Return on Sales |
% |
|
l |
3,79 |
3,10 |
3,50 |
|
Average stock waiting period |
dd |
|
l |
65,16 |
69,01 |
60,71 |
|
Credits to clients average term |
dd |
|
l |
128,26 |
110,37 |
124,63 |
|
Debts to suppliers average term |
dd |
|
l |
137,84 |
113,90 |
158,82 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 0,65 |
- 0,26 |
- 0,75 |
|
Labour cost incidence |
% |
|
l |
17,89 |
18,90 |
20,80 |
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:
900.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
3.839.216 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
SECTOR DATA
The values are calculated on a base of 1.168 significant companies.
The companies cash their credits on an average of 124 dd.
The average duration of suppliers debts is about 158 dd.
The sector's profitability is on an average of 3,50%.
The labour cost affects the turnover in the measure of 20,80%.
Goods are held in stock in a range of 60 dd.
The difference between the sales volume and the resources used to
realize it is about 1,18.
The employees costs represent the 21,30% 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 50.886 protested subjects are found; in the province they
count to 24.765.
The insolvency index for the region is 0,55, while for the province it
is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
|
UK Pound |
1 |
Rs.78.09 |
|
Euro |
1 |
Rs.63.41 |
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%)