MIRA INFORM REPORT
|
Report Date : |
14.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
BAREA S.R.L.
|
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|
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Registered Office : |
Via Fratelli Bandiera, 2, 31055- Quinto di
Treviso (TV) |
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|
Country : |
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|
|
|
Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
26.11.2002 |
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Com. Reg. No.: |
TV-2002-63473 since 16/12/2002 |
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|
Legal Form : |
Limited Liability Company |
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|
Line of Business : |
Manufacture of fruit and vegetable juices |
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 : |
170.000Eur. |
|
Status : |
Good |
|
Payment
Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Barea S.r.l.
Via Fratelli
Bandiera, 2
31055 - Quinto di Treviso (TV) -IT-
Summary
|
Fiscal Code |
: |
03761890262 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
16/12/2002 |
|
Equity |
: |
2.500.000 Eur |
|
|
: |
7.750.000/9.000.000 Eur |
|
Number of Employees |
: |
fom 6 to 10 |
Credit Analysis
|
Credit Opinion |
: |
170.000 - Eur |
Activity
Manufacture of fruit and vegetable juices
Wholesale of food, beverages and tobacco
Wholesale of fresh or conserved fruit and vegetables
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 03761890262 |
|
Foreign Trade Reg. no. : TV049510 since 30/12/2002 |
|
Foreign Trade Reg. no. : 049510 of |
|
Chamber of Commerce no. : 296595 of |
|
Firms' Register : TV-2002-63473 since 16/12/2002 |
|
V.A.T. Code : 03761890262 |
|
Foundation date |
: 26/11/2002 |
|
|
Establishment date |
: 26/11/2002 |
|
|
Start of Activities |
: 16/12/2002 |
|
|
Legal duration |
: 31/12/2070 |
|
|
Nominal Capital |
: 100.000 |
Eur |
|
Subscribed Capital |
: 100.000 |
Eur |
|
Paid up Capital |
: 100.000 |
Eur |
Members
|
|
Barea |
Antonio |
|
|
|
Born in Castelfranco |
(TV) |
on 24/09/1946 |
- Fiscal Code : BRANTN46P24C111M |
|
|
|
Residence : |
Via |
Noalese |
, 17 |
- 31055 |
Quinto di Treviso |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/09/2010 |
|
|
|
Legal representative |
16/12/2002 |
|
|
|
Managing Director |
01/09/2010 |
|
|
|
Board Chairman |
01/09/2010 |
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|
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No Protests registered |
|
Bordignon |
Anna |
|
|
|
Born in Padova |
(PD) |
on 06/03/1949 |
- Fiscal Code : BRDNNA49C46G224R |
|
|
|
Residence : |
Via |
Noalese |
, 17 |
- 31100 |
|
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/09/2010 |
|
|
|
Managing Director |
01/09/2010 |
|
|
|
|
No Protests registered |
|
|
Barea |
Maria Clara |
|
|
|
Born in |
(TV) |
on 01/09/1978 |
- Fiscal Code : BRAMCL78P41L407L |
|
|
|
Residence : |
Via |
Noalese |
, 17 |
- 31055 |
Quinto di Treviso |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
01/09/2010 |
|
|
|
Managing Director |
01/09/2010 |
|
|
|
|
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 have
holded positions.
|
|
BAREA |
ANTONIO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
BAREA ANTONIO |
Quinto di Treviso (TV) - IT - |
BRANTN46P24C111M |
Proprietor |
Withdrawn |
Ceased |
|
BAREA IMEX S.A.S. DI ANTONIO BAREA E C. |
Quinto di Treviso (TV) - IT - |
01911590261 |
General Partner |
Active |
Registered |
|
BAREA S.R.L. |
|
00335010260 |
General Partner |
Withdrawn |
Ceased |
|
|
BORDIGNON |
ANNA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
BORDIGNON ANNA |
Quinto di Treviso (TV) - IT - |
BRDNNA49C46G224R |
Proprietor |
Active |
Registered |
The indication "REGISTERED" as Firm Status could refer to
Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we advise to request further
investigations.
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Barea Antonio |
Quinto di Treviso - IT - |
BRANTN46P24C111M |
56.250 .Eur |
56,25 |
|
Bordignon Anna |
|
BRDNNA49C46G224R |
43.750 .Eur |
43,75 |
Direct Participations
The Company under review has no participations in other Companies.
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
Via |
Fratelli Bandiera |
, 2 |
- 31055 |
- Quinto di Treviso |
(TV) |
- IT - |
|
|
|
|
PHONE |
: 0422/470222 |
|
|
|
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FAX |
: 0422/370687 |
|
|
|
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Employees |
: 9 |
|
Fittings and Equipment for a value of 40.000 |
Eur |
|
Stocks for a value of 980.000 |
Eur |
Historical Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Barea |
Antonio |
|
|
|
Born in Castelfranco |
on 24/09/1946 |
- Fiscal Code : BRANTN46P24C111M |
|
|
|
Residence : |
Via |
Noalese |
, 17 |
- 31055 |
Quinto di Treviso |
(TV) |
- IT - |
|
Ex-Postions |
|
Sole Director |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm succeeded to |
|
|
|
Barea Antonio |
|
|
|
Via |
Noalese |
, 17 |
, 31055 |
, Quinto di Treviso |
(TV) |
- IT - |
|
|
|
Fiscal Code: BRANTN46P24C111M |
|
|
|
Date |
: |
16/12/2002 |
Protests
Protests checking on the subject firm has given a negative result.
Legal Procedures
None reported, standing to the latest received edition of the Official
Publications.
Financial and Economical Analysis
Subject is active since 2002
An eco-fin analysis has been made on the base od the b/s fo the years
2007, 2008 and 2009.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 18,43% in 2009 but without a significant increase in the
turnover.
The return on Investment in the last financial year was positive
(10,52%) falling within the field's average.
The amount of the operating result is equal to Eur. 513.633 , on more or
less the same values as in the year before.
The economic management produced a gross operating margin of Eur.
633.285 stable if compared to the financial year 2008.
Company's financial status is balanced since indebtedness is not high
(1,28) with an improving trend as on the decrease.
Subject can manage an equity capital funds for an amount of Eur.
2.032.006 , rising by 26,41%.
Total debts (both short and M/L term) equals Eur. 2.805.430, with no
important change.
The company does not exceed in bank borrowings; the recourse to
suppliers' credit is also limited which is also lower than the sector average.
The management determines a good range of liquidity.
Trade credits are collected slowly, average term is 132,87 days. even if
compared to the average of the sector.
Eur. 494.201 is the value of cash flow during the year 2009
During 2009 financial year labour costs amounted to Eur. 212.495, with a
2,51% incidence on production costs. , whereas the incidence of such costs on
sales revenues is equal to 2,37%.
The financial management is positive as incomes are higher than the
charges.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
8.973.414 |
|
Profit (Loss) for the period |
374.549 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
8.440.703 |
|
Profit (Loss) for the period |
335.335 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
8.120.339 |
|
Profit (Loss) for the period |
305.099 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
7.204.258 |
|
Profit (Loss) for the period |
281.229 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
6.531.445 |
|
Profit (Loss) for the period |
107.264 |
Balance Sheets
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/12/2009 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
- Balance Sheet as at 31/12/2008 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
- Balance Sheet as at 31/12/2007 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
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|
RATIOS |
Value Type |
as at 31/12/2009 |
as at 31/12/2008 |
as at 31/12/2007 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,07 |
0,09 |
0,07 |
0,11 |
|
Elasticity Ratio |
Units |
0,93 |
0,91 |
0,92 |
0,86 |
|
Availability of stock |
Units |
0,20 |
0,17 |
0,20 |
0,14 |
|
Total Liquidity Ratio |
Units |
0,73 |
0,74 |
0,71 |
0,65 |
|
Quick Ratio |
Units |
0,04 |
0,04 |
0,04 |
0,04 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,28 |
1,53 |
2,05 |
5,59 |
|
Self Financing Ratio |
Units |
0,42 |
0,37 |
0,30 |
0,12 |
|
Capital protection Ratio |
Units |
0,67 |
0,76 |
0,72 |
0,59 |
|
Liabilities consolidation quotient |
Units |
0,02 |
0,01 |
0,01 |
0,10 |
|
Financing |
Units |
1,38 |
1,64 |
2,20 |
6,70 |
|
Permanent Indebtedness Ratio |
Units |
0,43 |
0,38 |
0,31 |
0,24 |
|
M/L term Debts Ratio |
Units |
0,01 |
0,01 |
0,00 |
0,06 |
|
Net Financial Indebtedness Ratio |
Units |
0,77 |
1,13 |
1,55 |
1,04 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
6,39 |
4,43 |
4,07 |
1,75 |
|
Current ratio |
Units |
1,62 |
1,48 |
1,35 |
1,10 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,27 |
1,19 |
1,05 |
0,90 |
|
Structure's primary quotient |
Units |
6,26 |
4,33 |
3,95 |
1,00 |
|
Treasury's primary quotient |
Units |
0,07 |
0,07 |
0,06 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
240,23 |
266,92 |
323,30 |
810,15 |
|
Current Capital ( net ) |
Value |
1.741.309 |
1.262.918 |
988.053 |
90.043 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
5,51 |
5,28 |
5,10 |
1,53 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
18,43 |
20,86 |
23,98 |
7,23 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
27,30 |
31,70 |
40,68 |
23,81 |
|
Return on Investment ( R.O.I. ) |
% |
10,52 |
14,96 |
13,68 |
4,22 |
|
Return/ Sales |
% |
5,72 |
7,60 |
6,92 |
2,07 |
|
Extra Management revenues/charges incid. |
% |
72,92 |
52,26 |
54,22 |
24,23 |
|
Cash Flow |
Value |
494.201 |
445.268 |
414.424 |
44.651 |
|
Operating Profit |
Value |
513.633 |
641.682 |
562.662 |
59.651 |
|
Gross Operating Margin |
Value |
633.285 |
751.615 |
671.987 |
94.866 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
132,87 |
122,27 |
120,81 |
89,20 |
|
Debts to suppliers average term |
Days |
42,43 |
27,74 |
28,36 |
100,82 |
|
Average stock waiting period |
Days |
39,36 |
31,91 |
36,90 |
25,59 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,84 |
1,97 |
1,97 |
2,02 |
|
Rate of stock return |
Units |
9,15 |
11,28 |
9,74 |
13,97 |
|
Labour cost incidence |
% |
2,37 |
2,75 |
2,57 |
5,64 |
|
Net financial revenues/ charges incidence |
% |
0,02 |
- 1,57 |
- 0,55 |
- 0,61 |
|
Labour cost on purchasing expenses |
% |
2,51 |
2,95 |
2,76 |
5,62 |
|
Short-term financing charges |
% |
0,16 |
5,15 |
1,73 |
1,97 |
|
Capital on hand |
% |
54,40 |
50,83 |
50,64 |
49,39 |
|
Sales pro employee |
Value |
1.281.916 |
1.205.814 |
1.015.042 |
545.635 |
|
Labour cost pro employee |
Value |
30.356 |
33.143 |
26.149 |
31.937 |
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:
170.000Eur.
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 expenses 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 5.101 significant companies.
The companies cash their credits on an average of 89 dd.
The average duration of suppliers debts is about 100 dd.
The sector's profitability is on an average of 1,53%.
The labour cost affects the turnover in the measure of 5,64%.
Goods are held in stock in a range of 25 dd.
The difference between the sales volume and the resources used to
realize it is about 2,02.
The employees costs represent the 5,62% of the production costs.
Statistical Detrimental Data
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.44.48 |
|
|
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.42 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.