MIRA
INFORM REPORT
|
Report Date : |
16.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
STAM S.P.A |
|
|
|
|
Registered Office : |
Via Piave, 6 31050 - Ponzano
Veneto (TV) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
14.12.2001 |
|
|
|
|
Com. Reg. No.: |
TV-2002-26 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
General Mechanic. Manufacture of Machine Tools for Metal Working and Tools for Machines. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
Eur 1.012.000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
|
Stam S.p.a. |
|
Via |
Piave, |
6 |
|
31050 |
- Ponzano Veneto |
(TV) |
-IT- |
SUMMARY
|
Fiscal Code |
: |
03681930263 |
|
Legal Form |
: |
Joint stock company |
|
Start of Activities |
: |
01/01/2002 |
|
Patrimonial Consistence |
: |
Over 2.500.000 Eur |
|
Turnover Range |
: |
20.000.000/25.000.000 Eur |
|
Number of Employees |
: |
from 201 to 250 |
N.B.: Additional information are present in the "FURTHER
INFORMATION" module.
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
1.012.000 - Eur |
|
Score |
: |
Risk low |
|
Creditworthness Rate |
: |
Excellent |
|
|
|
Financial/patrimonial analysis very good - Credit with very low risk |
ACTIVITY
General mechanic.
Manufacture of machine tools for metal working and tools for machines.
LEGAL DATA
Legal Form :
Joint stock company
|
Fiscal Code : 03681930263 |
|
Foreign Trade Reg. no.
: 050625 of Treviso since 18/03/2004 |
|
Chamber of Commerce no.
: 289862 of Treviso since 24/12/2001 |
|
Chamber of Commerce no.
: 340153 of Venezia |
|
Firms' Register : TV-2002-26 since 02/01/2002 |
|
V.A.T. Code : 03681930263 |
|
Establishment Date |
: 14/12/2001 |
|
|
Start of Activities |
: 01/01/2002 |
|
|
Legal Duration Date |
: 31/12/2030 |
|
|
Nominal Capital |
: 2.600.000 |
Eur |
|
Subscribed Capital |
: 2.600.000 |
Eur |
|
Paid up Capital |
: 2.600.000 |
Eur |
MEMBERS
|
Sacca' |
Luigi |
|
Born in Venezia |
(VE) |
on 24/03/1940 |
- Fiscal Code : SCCLGU40C24L736G |
|
Residence : |
Vicolo |
Carlo Alberto |
, 2 |
- 31100 |
Treviso |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/05/2007 |
|
|
|
Managing Director |
07/05/2007 |
|
|
|
Board Chairman |
07/05/2007 |
|
|
No Protests registered.
|
Sacca' |
Giovanna |
|
Born in Treviso |
(TV) |
on 04/08/1968 |
- Fiscal Code : SCCGNN68M44L407T |
|
Residence : |
Via |
Coletti |
, 19 |
- 31100 |
Treviso |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/05/2007 |
|
|
|
Managing Director |
07/05/2007 |
|
|
No Protests registered.
|
Sacca' |
Nicola |
|
Born in Treviso |
(TV) |
on 14/12/1970 |
- Fiscal Code : SCCNCL70T14L407W |
|
Residence : |
Via |
S. Agostino |
, 19 |
- 31100 |
Treviso |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/05/2007 |
|
|
|
Managing Director |
07/05/2007 |
|
|
No Protests registered.
|
Della Libera |
Gianfranco |
|
Born in Belluno |
(BL) |
on 22/01/1948 |
- Fiscal Code : DLLGFR48A22A757S |
|
Residence : |
Via |
Sant'andrea |
, 13 |
- 31038 |
Paese |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
07/05/2007 |
|
|
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.
|
SACCA' |
LUIGI |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
PROMECO IMPIANTI S.R.L. |
Corsico (MI) - IT - |
03255200960 |
Director |
Dismiss |
Registered |
|
STAM INVESTIMENTI S.P.A. |
Ponzano Veneto (TV) - IT - |
00190160267 |
Sole Director |
Active |
Registered |
|
STAM INVESTIMENTI S.P.A. |
Ponzano Veneto (TV) - IT - |
00190160267 |
Board Chairman |
Dismiss |
Registered |
|
SACCA' |
GIOVANNA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
STAM INVESTIMENTI S.P.A. |
Ponzano Veneto (TV) - IT - |
00190160267 |
Attorney with special power |
Active |
Registered |
|
SACCA' |
NICOLA |
|
Company Style |
Legal Seat |
Fiscal Code |
Position |
Position Status |
Firm Status |
|
NARDINI - S.P.A. |
Carbonera (TV) - IT - |
01161890262 |
Director |
Active |
Registered |
|
PROMECO IMPIANTI S.R.L. |
Corsico (MI) - IT - |
03255200960 |
Director |
Active |
Registered |
|
STAM INVESTIMENTI S.P.A. |
Ponzano Veneto (TV) - IT - |
00190160267 |
Attorney with special power |
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 |
|
Stam Investimenti S.p.a. |
Ponzano Veneto - IT - |
00190160267 |
156.000 .Eur |
6,00 |
|
Sacca' Luigi |
Treviso - IT - |
SCCLGU40C24L736G |
78.000 .Eur |
3,00 |
|
Sacca' Giovanna |
Treviso - IT - |
SCCGNN68M44L407T |
1.183.000 .Eur |
45,50 |
|
Sacca' Nicola |
Treviso - IT - |
SCCNCL70T14L407W |
1.183.000 .Eur |
45,50 |
DIRECT PARTICIPATIONS
|
Company Style |
Legal Seat |
Fiscal Code |
Owned Shares |
% of Ownership |
Share Status |
|
Nardini - S.p.a. |
Carbonera - IT - |
01161890262 |
192.192 .Eur |
40,17 |
Active |
STRUCTURE AND COMPANY ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
(Factory ) |
in : |
|
|
|
|
|
Via |
Piave |
, 6 |
- 31050 - |
Ponzano Veneto |
(TV) |
- IT - |
|
|
|
|
|
Trading Style: STAM S.P.A. |
|
|
|
|
PHONE |
: 0422/440100 |
|
|
|
|
FAX |
: 0422/440137 |
|
- |
Branch |
(Warehouse ) |
since 28/11/2007 |
in : |
|
|
|
|
|
Via |
Pitagora - Z.i. Est 3 |
- 30020 - |
Noventa di Piave |
(VE) |
- IT - |
|
|
|
|
Employees |
: 201 |
|
|
|
|
Fittings and Equipment |
for a value of
1.990.000 |
Eur |
|
|
|
|
Stocks |
for a value of
10.390.000 |
Eur |
The firm has a direct commercial organization
Business are addressed to Northern Italy.
|
|
Import comes generally from the following nations:
|
- Spagna |
|
- Germania |
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 6 Months : n. 1 times.
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.
None reported in the name of the Firm.
FINANCIAL AND ECONOMICAL ANALYSIS
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 9,69% in 2007
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,36
Financial debts exposure is under control while the recourse to
commercial credit is rather frequent however still within the 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 |
24.818.813 |
filed balance sheet |
|
Profit (Loss) for the period |
1.419.511 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
30.738.639 |
filed balance sheet |
|
Profit (Loss) for the period |
3.088.667 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
19.090.967 |
filed balance sheet |
|
Profit (Loss) for the period |
822.780 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
19.933.443 |
filed balance sheet |
|
Profit (Loss) for the period |
1.920.110 |
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 ) |
|
|
4.655.853 |
2.475.789 |
|
. Intangible assets |
|
|
105.310 |
122.413 |
|
. Tangible fixed assets |
|
|
2.175.935 |
984.795 |
|
. . Land and buildings |
|
|
|
|
|
. . Plants, Equipm.and Machinery |
|
|
1.986.785 |
692.218 |
|
. Long-term Investments |
|
|
2.374.608 |
1.368.581 |
|
. . Financial loans |
|
|
2.374.608 |
1.368.581 |
|
. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
34.918.734 |
29.672.787 |
|
. Stock |
|
|
10.392.901 |
5.917.587 |
|
. Credits |
|
|
8.316.656 |
6.127.286 |
|
. . Credits to clients |
|
|
6.596.451 |
5.552.335 |
|
. . Other credits |
|
|
1.720.205 |
574.951 |
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
16.209.177 |
17.627.914 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
602.471 |
372.744 |
|
TOTAL ASSETS |
|
|
40.177.058 |
32.521.320 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
14.634.258 |
13.994.747 |
|
. Company's capital |
|
|
2.600.000 |
2.600.000 |
|
. Reserves |
|
|
10.614.747 |
8.306.080 |
|
. Reserves company's own shares |
|
|
|
|
|
. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
1.419.511 |
3.088.667 |
|
PROVISION FOR RISKS AND LOSSES |
|
|
1.947.883 |
1.901.819 |
|
SEVERANCE INDEMNITY FUND |
|
|
2.041.448 |
1.959.371 |
|
DEBTS |
|
|
21.553.469 |
14.664.157 |
|
. Financial M/L terms |
|
|
|
|
|
. . Financial M/L term banks |
|
|
|
|
|
. . Financial M/L bonds |
|
|
|
|
|
. . Other financial M/L debts |
|
|
|
|
|
. Financial short-term debts |
|
|
|
35.567 |
|
. . Financial short-term banks |
|
|
|
|
|
. . Financial short-term bonds |
|
|
|
|
|
. . Other financial short-term debts |
|
|
|
35.567 |
|
. M/L term debts to suppliers |
|
|
|
|
|
. Short-term debts to suppliers |
|
|
7.123.460 |
4.747.442 |
|
. Sundry M/L debts |
|
|
|
|
|
. Sundry short-term debts |
|
|
14.430.009 |
9.881.148 |
|
ACCRUED EXPENSE |
|
|
|
1.226 |
|
TOTAL LIABILITIES |
|
|
40.177.058 |
32.521.320 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
29.483.319 |
30.104.841 |
|
. Revenues from sales/services |
|
|
24.818.813 |
30.738.639 |
|
. Change of stock (products) |
|
|
3.754.712 |
-720.502 |
|
OPERATING EXPENSES |
|
|
27.008.390 |
24.976.969 |
|
. Purchasing expenses |
|
|
13.782.594 |
12.399.415 |
|
. Change of stock (raw material) |
|
|
-75.780 |
-329.588 |
|
. Expenses from services |
|
|
5.406.945 |
5.295.111 |
|
. Expenses from leasing |
|
|
401.815 |
395.323 |
|
. General expenses/sundry charges |
|
|
237.623 |
174.222 |
|
. Staff expenses |
|
|
6.458.010 |
6.312.006 |
|
. Depreciation/Devaluation costs |
|
|
797.183 |
730.480 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
209.190 |
274.466 |
|
. Financial charges |
|
|
|
-43.292 |
|
. Financial revenues |
|
|
209.190 |
317.758 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
32.102 |
-12.202 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
2.716.221 |
5.390.136 |
|
TAX |
|
|
1.296.710 |
2.301.469 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
1.419.511 |
3.088.667 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2007 |
as at 31/12/2006 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
l |
3,58 |
6,44 |
1,55 |
|
Net Short-term indebtedness |
Units |
- 1 |
l |
0,36 |
n.c. |
2,87 |
|
Current ratio |
Units |
=> 1 |
l |
1,62 |
2,02 |
1,24 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
l |
1,13 |
1,61 |
0,96 |
|
Return on Sales |
% |
|
l |
8,93 |
12,42 |
4,70 |
|
Average stock waiting period |
dd |
|
l |
150,73 |
69,30 |
42,26 |
|
Credits to clients average term |
dd |
|
l |
95,65 |
65,01 |
132,98 |
|
Debts to suppliers average term |
dd |
|
l |
130,89 |
94,46 |
155,70 |
|
Net financial revenues/ charges incidence |
% |
|
l |
0,84 |
0,89 |
- 0,97 |
|
Labour cost incidence |
% |
|
l |
26,02 |
20,53 |
24,31 |
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:
1.012.000 .Eur.
MARKET / TERRITORY DATA
|
Population living in the province |
: |
838.732 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
SECTOR DATA
The values are calculated on a base of 3.623 significant companies.
The companies cash their credits on an average of 132 dd.
The average duration of suppliers debts is about 155 dd.
The sector's profitability is on an average of 4,70%.
The labour cost affects the turnover in the measure of 24,31%.
Goods are held in stock in a range of 42 dd.
The difference between the sales volume and the resources used to
realize it is about 1,15.
The employees costs represent the 25,20% 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 13.782 protested subjects are found; in the province they
count to 2.280.
The insolvency index for the region is 0,30, while for the province it
is 0,28.
Total Bankrupt companies in the province : 3.317.
Total Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.34 |
|
UK Pound |
1 |
Rs.82.96 |
|
Euro |
1 |
Rs.65.82 |
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%)