MIRA
INFORM REPORT
|
Report Date : |
06.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
MONDIAL ART - S.R.L. |
|
|
|
|
Registered Office : |
Ponte Vecchio, 54/R 50100 –
Firenze (FI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
19.03.1980 |
|
|
|
|
Com. Reg. No.: |
FI017-30050 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Retail of Gifts and Knick-Knacks. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Eur 133.000
|
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Mondial Art - S.r.l.
Ponte Vecchio, 54/R
50100 - Firenze (FI) -IT-
SUMMARY
|
Fiscal Code |
: |
01748880489 |
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
05/04/1980 |
|
Patrimonial Consistence |
: |
1.000.000 Eur |
|
Turnover Range |
: |
3.750.000/5.000.000 Eur |
|
Number of Employees |
: |
from 11 to 15 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
133.000 - Eur |
|
Score |
: |
Risk normal |
|
Creditworthness Rate |
: |
Sufficient |
|
|
|
Financial situation is not at its best, but credit is possible with |
|
|
|
no particular risks. |
ACTIVITY
Retail of gifts and knick-knacks.
Retail of watches,jewellery,silverware.
LEGAL DATA
Legal Form
: Limited liability company
|
Fiscal Code
: 01748880489 |
|
Foreign Trade Reg. no.
: FI058144 since 16/06/1994 |
|
Foreign Trade Reg. no. :
58144 of Firenze since 16/06/1994 |
|
Foreign Trade Reg. no.
: 058144 of Firenze since 16/06/1994 |
|
Chamber of Commerce no. :
294918 of Firenze since 29/05/1980 |
|
Chamber of Commerce no. :
164762 of Lucca |
|
Chamber of Commerce no. :
935428 of Roma |
|
Firms' Register
: FI017-30050 since 19/02/1996 |
|
V.A.T. Code
: 01748880489 |
|
Court : 30050 of Firenze |
|
Foundation Date |
: 19/03/1980 |
|
|
Establishment Date |
: 19/03/1980 |
|
|
Start of Activities |
: 05/04/1980 |
|
|
Legal Duration Date |
: 31/12/2050 |
|
|
Nominal Capital |
: 30.000 |
Eur |
|
Subscribed Capital |
: 30.000 |
Eur |
|
Paid up Capital |
: 30.000 |
Eur |
MEMBERS
|
Cassetti Burchi |
Filippo |
|
Born in Firenze |
(FI) |
on 01/10/1967 |
- Fiscal Code : CSSFPP67R01D612I |
|
Residence : |
Ponte |
Vecchio |
, 54/R |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
30/09/1998 |
|
|
|
Managing Director |
23/11/1998 |
|
|
No Protests registered.
|
Cassetti Burchi |
Alessandro |
|
Born in Firenze |
(FI) |
on 13/05/1963 |
- Fiscal Code : CSSLSN63E13D612A |
|
Residence : |
Via |
Dante Da Castiglione |
, 29A |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/11/1998 |
|
|
No Protests registered.
|
Cassetti |
Maria Grazia |
|
Born in Firenze |
(FI) |
on 06/07/1938 |
- Fiscal Code : CSSMGR38L46D612L |
|
Residence : |
Via |
Dante Da Castiglione |
, 29/A |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
23/11/1998 |
|
|
No Protests registered.
|
Cassetti |
Andrea |
|
Born in Firenze |
(FI) |
on 13/07/1948 |
- Fiscal Code : CSSNDR48L13D612V |
|
Residence : |
Piazza |
San Giovanni |
, 6 |
- 50129 |
Firenze |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Police Licence's Proprietor |
|
|
|
|
Managing Director |
23/11/1998 |
|
|
|
Board Chairman |
23/11/1998 |
|
|
No Protests registered.
|
Burchi |
Carlo |
|
Born in Firenze |
(FI) |
on 07/12/1937 |
- Fiscal Code : BRCCRL37T07D612I |
|
Residence : |
Via |
Castiglione Dante Da |
, 29A |
- 50125 |
Firenze |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
23/11/1998 |
|
|
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.
|
CASSETTI BURCHI |
FILIPPO |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
M.G.C. GIOIELLI S.R.L. |
Scandicci (FI) - IT - |
00495690463 |
Director |
Dismiss |
Ceased |
|
CASSETTI |
MARIA GRAZIA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
DEL CONTE S.R.L. SOCIETA' AGRICOLA |
Barberino Val d'Elsa (FI) - IT - |
01778810489 |
Managing Director |
Active |
Registered |
|
M.G.C. GIOIELLI S.R.L. |
Scandicci (FI) - IT - |
00495690463 |
Director |
Dismiss |
Ceased |
|
STELLA IMMOBILI SRL |
Firenze (FI) - IT - |
05521510486 |
Sole Director |
Active |
Registered |
|
CASSETTI |
ANDREA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
CASELLINA - S.R.L. |
Scandicci (FI) - IT - |
00723660486 |
Sole Director |
Active |
Registered |
|
CASSETTI S.R.L. IN LIQUIDAZIONE |
Scandicci (FI) - IT - |
00728020488 |
Sole Director |
Dismiss |
Registered |
|
CASSETTI S.R.L. IN LIQUIDAZIONE |
Scandicci (FI) - IT - |
00728020488 |
Liquidator |
Active |
Registered |
|
CASSETTI S.R.L. IN LIQUIDAZIONE |
Scandicci (FI) - IT - |
00728020488 |
Police Licence's Proprietor |
Active |
Registered |
|
EUROIMMOBILI SRL |
Firenze (FI) - IT - |
05521520485 |
Sole Director |
Active |
Registered |
|
M.G.C. GIOIELLI S.R.L. |
Scandicci (FI) - IT - |
00495690463 |
Chairman |
Dismiss |
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 |
|
Cassetti Maria Grazia |
Firenze - IT - |
CSSMGR38L46D612L |
15.000 .Eur |
50,00 |
|
Cassetti Andrea |
Firenze - IT - |
CSSNDR48L13D612V |
15.000 .Eur |
50,00 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Consorzio L'Arte di Firenze Srl |
Firenze - IT - |
04724170487 |
1.485 .Eur |
14,28 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
in : |
|
|
|
|
|
Via |
Ponte Vecchio |
, 54/R |
- 50122 - |
Firenze |
(FI) |
- IT - |
|
|
|
|
PHONE |
: 055/287361 |
|
- |
Branch |
|
since 06/09/1983 |
in : |
|
|
|
|
|
Ponte Vecchio |
, 52/R |
- 50125 - |
Firenze |
(FI) |
- IT - |
|
|
|
|
|
Trading Style: CASSETTI |
|
|
|
|
PHONE |
: 055/2396028 |
|
- |
Branch |
|
since 18/10/1985 |
in : |
|
|
|
|
|
Via |
E. Conti |
, 2 |
- 50018 - |
Scandicci |
(FI) |
- IT - |
|
|
|
|
PHONE |
: 055/735761 |
|
|
|
|
PHONE |
: 055/287361 |
|
|
|
|
FAX |
: 055/274144 |
|
- |
Branch |
(Shop ) |
since 10/07/1998 |
in : |
|
|
|
|
|
Piazza |
Marconi |
- 55042 - |
Forte dei Marmi |
(LU) |
- IT - |
|
- |
Branch |
(Shop ) |
since 01/07/2004 |
in : |
|
|
|
|
|
Ponte |
Vecchio |
, 33/R |
- 50100 - |
Firenze |
(FI) |
- IT - |
|
|
|
|
|
Total Surface: 19 (Sq.Mt.) |
|
|
|
|
Employees |
: 15 |
|
|
|
|
Fittings and Equipment |
for a value of
100.000 |
Eur |
|
|
|
|
Stocks |
for a value of
3.470.000 |
Eur |
HISTORICAL INFORMATION AND/OR
FIRM'S STATUS
|
Ex-Members / Ex-Positions |
|
Cassetti |
Andrea |
|
Born in Firenze |
on 13/07/1948 |
- Fiscal Code : CSSNDR48L13D612V |
|
Residence : |
Piazza |
San Giovanni |
, 6 |
- 50129 |
Firenze |
(FI) |
- IT - |
|
Position |
|
Sole Director |
|
Former seats |
|
- |
Branch |
|
since 09/04/1981 |
until 31/05/1999 |
|
|
|
|
Trading Style : MARIA GRAZIA CASSETTI |
|
|
|
|
|
Via |
Por Santa Maria |
- 50122 |
- Firenze |
(FI) |
- IT - |
|
- |
Branch |
|
since 14/03/1996 |
until 12/04/1996 |
|
|
|
|
|
Via |
Dei Tornabuoni |
- 50123 |
- Firenze |
(FI) |
- IT - |
|
- |
Branch |
(Store ) |
since 02/11/1998 |
until 19/06/2002 |
|
|
|
|
|
Viuzzo |
Del Piscetto |
- 50018 |
- Scandicci |
(FI) |
- IT - |
|
- |
Branch |
(Store ) |
since 02/11/1998 |
until 31/05/2002 |
|
|
|
|
|
Via |
Calimala |
- 50100 |
- Firenze |
(FI) |
- IT - |
|
- |
Branch |
(Shop ) |
since 05/11/1998 |
until 31/05/2001 |
|
|
|
|
|
Via |
Strozzi |
- 50100 |
- Firenze |
(FI) |
- IT - |
|
|
|
|
|
Total Surface: 127 (Sq.Mt.) |
|
- |
Branch |
(Store ) |
since 27/11/1998 |
until 10/05/2006 |
|
|
|
|
|
Via |
Carducci |
- 55042 |
- Forte dei Marmi |
(LU) |
- IT - |
|
- |
Branch |
|
since 16/12/1999 |
until 28/12/2000 |
|
|
|
|
|
Via |
Baldo Degli Ubaldi |
- 00100 |
- Roma |
(RM) |
- IT - |
|
- |
Branch |
|
since 15/11/2000 |
until 19/06/2002 |
|
|
|
|
|
Via |
Cavour Camillo |
- 50129 |
- Firenze |
(FI) |
- IT - |
PAYMENTS ANALYSIS
The average term of debts to suppliers is shorter than the sector one.
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 |
401.460 .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 1980
During the last years, it recorded positive net results (r.o.e. 1,34% in
2007) with an increase in 2007 (+7,01%).
The return on Investment in the last financial year was positive (4,99%)
Company's financial status is balanced since indebtedness is not high
(3,93) yet on the increase as against the previous accounting period.
Both financial indebtedness and suppliers exposure are rather high but
lower than the field average.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
4.517.757 |
filed balance sheet |
|
Profit (Loss) for the period |
10.754 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
4.221.594 |
filed balance sheet |
|
Profit (Loss) for the period |
11.302 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
6.328.081 |
filed balance sheet |
|
Profit (Loss) for the period |
16.932 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
4.498.299 |
filed balance sheet |
|
Profit (Loss) for the period |
11.548 |
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 ) |
|
|
686.001 |
721.360 |
|
. Intangible assets |
|
|
172.972 |
210.844 |
|
. Tangible fixed assets |
|
|
513.029 |
510.516 |
|
. . Land and buildings |
|
|
401.460 |
395.906 |
|
. . Plants, Equipm.and Machinery |
|
|
103.477 |
114.114 |
|
. Long-term Investments |
|
|
|
|
|
. . Financial loans |
|
|
|
|
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
3.954.756 |
3.326.724 |
|
. Stock |
|
|
3.472.602 |
2.729.432 |
|
. Credits |
|
|
298.371 |
286.377 |
|
. . Credits to clients |
|
|
119.638 |
118.254 |
|
. . Other credits |
|
|
178.733 |
168.123 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
183.783 |
310.915 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
34.739 |
39.315 |
|
TOTAL ASSETS |
|
|
4.675.496 |
4.087.399 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
798.588 |
787.835 |
|
. Company's capital |
|
|
30.000 |
30.000 |
|
. Reserves |
|
|
192.168 |
192.169 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
565.666 |
554.364 |
|
. Profit (loss) |
|
|
10.754 |
11.302 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
|
|
|
SEVERANCE INDEMNITY FUND |
|
|
174.029 |
172.914 |
|
DEBTS |
|
|
3.694.054 |
3.099.119 |
|
. Financial M/L terms |
|
|
368.647 |
299.643 |
|
. . Financial M/L term banks |
|
|
368.647 |
299.643 |
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
1.693.882 |
1.014.936 |
|
. . Financial short-term banks |
|
|
1.693.882 |
1.014.936 |
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
|
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
1.483.318 |
1.597.142 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
148.207 |
187.398 |
|
ACCRUED EXPENSE |
|
|
8.825 |
27.531 |
|
TOTAL LIABILITIES |
|
|
4.675.496 |
4.087.399 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
4.417.576 |
4.336.842 |
|
. Revenues from sales/services |
|
|
4.517.757 |
4.221.594 |
|
. Change of stock (products) |
|
|
-125.141 |
88.705 |
|
OPERATING EXPENSES |
|
|
4.183.976 |
4.183.901 |
|
. Purchasing expenses |
|
|
3.448.315 |
2.862.801 |
|
. Change of stock (raw material) |
|
|
-868.311 |
-211.607 |
|
. Expenses from services |
|
|
612.898 |
574.444 |
|
. Expenses from leasing |
|
|
403.608 |
384.250 |
|
. General expenses/sundry charges |
|
|
75.529 |
42.709 |
|
. Staff expenses |
|
|
402.767 |
413.465 |
|
. Depreciation/Devaluation costs |
|
|
109.170 |
117.839 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-156.133 |
-137.089 |
|
. Financial charges |
|
|
-156.924 |
-138.782 |
|
. Financial revenues |
|
|
791 |
1.693 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
13.359 |
75.681 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
90.826 |
91.533 |
|
TAX |
|
|
80.072 |
80.231 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
10.754 |
11.302 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2007 |
as at 31/12/2006 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
1,95 |
1,74 |
2,16 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
3,93 |
3,15 |
4,91 |
|
Current ratio |
Units |
=> 1 |
l |
1,18 |
1,18 |
1,19 |
|
Acid Test Ratio-Liquidity Ratio |
Units' |
=> 1 |
l |
0,14 |
0,21 |
0,69 |
|
Return on Sales |
% |
|
l |
2,65 |
3,05 |
2,34 |
|
Average stock waiting period |
dd |
|
l |
276,69 |
232,74 |
92,41 |
|
Credits to clients average term |
dd |
|
l |
9,50 |
10,08 |
96,40 |
|
Debts to suppliers average term |
dd |
|
l |
119,59 |
150,44 |
160,67 |
|
Net financial revenues/ charges incidence |
% |
|
l |
- 3,45 |
- 3,24 |
- 1,10 |
|
Labour cost incidence |
% |
|
l |
8,91 |
9,79 |
9,04 |
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:
133.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
965.388 |
|
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 597 significant companies.
The companies cash their credits on an average of 96 dd.
The average duration of suppliers debts is about 160 dd.
The sector's profitability is on an average of 2,34%.
The labour cost affects the turnover in the measure of 9,04%.
Goods are held in stock in a range of 92 dd.
The difference between the sales volume and the resources used to
realize it is about 1,32.
The employees costs represent the 9,15% 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 5.242.
The insolvency index for the region is 0,70, while for the province it
is 0,55.
Total Bankrupt companies in the province : 6.520.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.26 |
|
UK Pound |
1 |
Rs.79.00 |
|
Euro |
1 |
Rs.63.53 |
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%)