MIRA
INFORM REPORT
|
Report Date : |
27.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
FILANTO S.P.A. |
|
|
|
|
Registered Office : |
Zona Industriale, s.n. 73042 - Casarano (LE) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
01.01.1986 |
|
|
|
|
Com. Reg. No.: |
LE035-9143 since 19/02/1996 |
|
|
|
|
Legal Form : |
Joint Stock Company. |
|
|
|
|
Line of Business : |
Manufacture of Footwear. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
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 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
Filanto S.p.a.
Zona Industriale, s.n.
73042 - Casarano (LE) -IT-
Summary
|
Fiscal Code |
: |
02084790753 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
01/01/1986 |
|
Equity |
: |
Over 2.582.254 Eur |
|
|
: |
50.000.000/75.000.000 Eur |
|
Number of Employees |
: |
from 131 to 150 |
Activity
Manufacture of footwear
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 02084790753 |
|
Foreign Trade Reg. no. : LE000555 since
31/12/1991 |
|
Chamber of Commerce no. : 452082 of |
|
Chamber of Commerce no. : 255879 of |
|
Chamber of Commerce no. : 144504 of |
|
Chamber of Commerce no. : 247136 of |
|
Firms' Register : LE035-9143 since
19/02/1996 |
|
V.A.T. Code : 02084790753 |
|
Foundation date |
: 07/12/1985 |
|
|
Establishment date |
: 07/12/1985 |
|
|
Start of Activities |
: 01/01/1986 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 20.000.000 |
Eur |
|
Subscribed Capital |
: 20.000.000 |
Eur |
|
Paid up Capital |
: 18.589.512 |
Eur |
Members
|
|
Filograna |
Antonio |
|
|
|
Born in Casarano |
(LE) |
on 02/06/1923 |
- Fiscal Code : FLGNTN23H02B936T |
|
|
|
Residence : |
Contrada |
Panesa |
, 29 |
- 73042 |
Casarano |
(LE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
25/06/2008 |
|
|
|
Assistant board Chairman |
25/06/2008 |
|
|
|
|
No Protests
registered |
|
|
Filograna Sergio
|
Vito Antonio |
|
|
|
Born in Casarano |
(LE) |
on 27/11/1966 |
- Fiscal Code : FLGVNT66S27B936J |
|
|
|
Residence : |
Via |
Circonvallazione Ospedale |
, 55 |
- 73042 |
Casarano |
(LE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
24/06/2008 |
|
|
|
Board Chairman |
25/06/2008 |
|
|
|
|
No Protests
registered |
|
|
Filograna |
Antonio |
|
|
|
Born in Casarano |
(LE) |
on 11/08/1978 |
- Fiscal Code : FLGNTN78M11B936H |
|
|
|
Residence : |
Via |
Don Sturzo |
, 5 |
- 73042 |
Casarano |
(LE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
25/06/2008 |
|
|
|
|
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 have holded positions.
|
|
FILOGRANA |
ANTONIO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
ALLEANZA SOCIALE S.P.A. |
Casarano (LE) - IT - |
02516130750 |
Board Chairman |
Withdrawn |
Ceased |
|
CO.T.A.-COMPAGNIA TURISTICA ALBERGHIERA
-S.R.L. |
|
00604520759 |
Director |
Withdrawn |
Ceased |
|
COOPERATIVA EDILIZIA VILLAGGIO FILANTO
AR.L. |
Casarano (LE) - IT - |
00478750755 |
Chairman |
Withdrawn |
Ceased |
|
FIL HOLDING SPA |
Casarano (LE) - IT - |
01834320754 |
Board Chairman |
Withdrawn |
Ceased |
|
FILOGRANA *S.R.L. |
Casarano (LE) - IT - |
01834310755 |
Sole Director |
Withdrawn |
Ceased |
|
FILOGRANA ANTONIO |
Casarano (LE) - IT - |
FLGNTN23H02B936T |
Proprietor |
Active |
Registered |
|
FONDAZIONE EDOARDO FILOGRANA |
Casarano (LE) - IT - |
00917050759 |
Chairman |
Active |
Registered |
|
IMMOBILIARE S.ANNA SPA |
Gallipoli (LE) - IT - |
06523070156 |
Sole Director |
Active |
Registered |
|
LA FILANTO-S.R.L. |
Casarano (LE) - IT - |
00575770755 |
Chairman |
Withdrawn |
Ceased |
|
LA NUOVA FILANTO - S.P.A. |
Casarano (LE) - IT - |
01174600757 |
Chairman |
Withdrawn |
Ceased |
|
PANFIL WINNETOU S.P.A. |
Patu' (LE) - IT - |
00259100758 |
Chairman |
Withdrawn |
Ceased |
|
PASTIS - CENTRO NAZIONALE PER LA RICERCA E
LO SVILUPPO DEI MATERIALI - ANGELO R |
|
01358130746 |
Director |
Withdrawn |
Registered |
|
TELESUD - SRL |
Casarano (LE) - IT - |
00589920750 |
Sole Director |
Withdrawn |
Ceased |
|
|
FILOGRANA SERGIO
|
VITO ANTONIO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
ALLEANZA SOCIALE S.P.A. |
Casarano (LE) - IT - |
02516130750 |
Assistant board
Chairman |
Withdrawn |
Ceased |
|
ALLEANZA SOCIALE S.P.A. |
Casarano (LE) - IT - |
02516130750 |
Liquidator |
Withdrawn |
Ceased |
|
CITTA' DI CASARANO S.R.L. |
Casarano (LE) - IT - |
03465940751 |
Sole Director |
Active |
Registered |
|
FILANTO '92 *S.R.L. |
Casarano (LE) - IT - |
02431470752 |
Sole Director |
Withdrawn |
Ceased |
|
FILANTO '92 *S.R.L. |
Casarano (LE) - IT - |
02431470752 |
Sole Director |
Withdrawn |
Ceased |
|
FILANTO ENERGIA S.R.L. |
Casarano (LE) - IT - |
04134340753 |
Sole Director |
Active |
Registered |
|
FILANTO ENGINEERING E SERVICE S.R.L. |
Patu' (LE) - IT - |
10792280157 |
Sole Director |
Withdrawn |
Ceased |
|
FILANTO ENGINEERING E SERVICE S.R.L. |
Patu' (LE) - IT - |
10792280157 |
Liquidator |
Withdrawn |
Ceased |
|
FILOGRANA ANTONIO S.R.L. |
Milano (MI) - IT - |
03723830158 |
Sole Director |
Active |
Registered |
|
FILOGRANA SERGIO VITO ANTONIO |
Casarano (LE) - IT - |
FLGVNT66S27B936J |
Proprietor |
Active |
Registered |
|
FONDAZIONE EDOARDO FILOGRANA |
Casarano (LE) - IT - |
00917050759 |
Director |
Active |
Registered |
|
IMMOBILIARE S.ANNA SPA |
Gallipoli (LE) - IT - |
06523070156 |
Procurator |
Active |
Registered |
|
PARAVITA S.R.L. |
Parabita (LE) - IT - |
02284150758 |
Sole Director |
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 |
|
Immobiliare S.anna Spa |
Gallipoli - IT - |
06523070156 |
17.974.000 .Eur |
89,87 |
|
Filograna Antonio |
Casarano - IT - |
FLGNTN23H02B936T |
2.026.000 .Eur |
10,13 |
Direct Participations
The Company under review has participations
in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
PASTIS - CENTRO NAZIONALE PER LA RICERCA E
LO SVILUPPO DEI MATERIALI - ANGELO R |
|
01358130746 |
32.096 .Eur |
1,55 |
|
|
Active |
|
SISTEMA INTERPORTUALE JONICO SALENTINO
S.P.A. - S.I.J.S. S.P.A. |
|
03060130758 |
16.300 .Eur |
1,56 |
|
|
Active |
|
Gvm Real Estate S.r.l. |
Milano - IT - |
02280600756 |
7.992.000 .Eur |
99,90 |
|
|
Active |
|
Filograna SA |
Lugano - CH - |
|
|
100,00 |
|
|
Active |
|
Calzatur. Tirana |
|
|
|
100,00 |
|
|
Active |
|
Filanto Doo |
|
|
|
90,00 |
|
|
Active |
|
Curtiembre |
|
|
|
100,00 |
|
|
Active |
|
Immobiliare S.anna Spa |
Gallipoli - IT - |
06523070156 |
36.000 .Eur |
0,60 |
|
|
Active |
|
Universo S.r.l. |
Milano - IT - |
08463730153 |
4.648 .Eur |
10,00 |
|
|
Active |
|
FILANTO '92 *S.R.L. |
Casarano - IT - |
02431470752 |
2.143.296 .Eur |
100,00 |
|
|
Ceased |
|
Filanto Engineering E Service S.r.l. |
Patu' - IT - |
10792280157 |
10.200 .Eur |
100,00 |
|
|
Ceased |
|
Filograna Antonio S.r.l. |
Milano - IT - |
03723830158 |
87.797 .Eur |
100,00 |
|
|
Active |
|
Consorzio Energetico Salentino |
|
93059180757 |
|
|
|
|
Active |
|
Produttori Salentini Calzature Societa'
Consortile S.r.l. |
Casarano - IT - |
03631880758 |
1.900 .Eur |
19,00 |
|
|
Active |
|
Consorzio Degli Operatori Del Centro
Commerciale La Grand'a Siglabile Ove Consen |
|
03010910044 |
1.000 .Eur |
3,45 |
|
|
Active |
|
Costa Brada S.r.l. |
Gallipoli - IT - |
04133370751 |
|
100,00 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
(Factory ) |
|
|
|
|
|
Zona Industriale |
, s.n. |
- 73042 |
- Casarano |
(LE) |
- IT - |
|
- |
Branch |
(Factory ) |
since 04/11/1991 |
|
|
|
|
|
Via |
Provinciale Per Maglie |
- 73042 |
- Casarano |
(LE) |
- IT - |
|
|
|
|
PHONE |
: 0833/5111 |
|
- |
Branch |
(Store ) |
since 01/04/1999 |
|
|
|
|
|
Zona Industriale |
, S.N.C. |
- 73042 |
- Casarano |
(LE) |
- IT - |
|
|
|
|
Employees |
: 137 |
|
Fittings and Equipment for a value of
630.000 |
Eur |
|
Stocks for a value of 8.420.000 |
Eur |
|
Furniture and fittings for a value of
650.000 |
Eur |
|
Vehicles for a value of 820.000 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
Transports are usually done by own vehicles.
The company supplies wholesalers and
retailers.
To purchase foreign products the firm uses the
following channels :
|
- direct orders to foreign companies |
Products abroad are placed by :
|
- importers |
|
- trading companies |
|
- its own agents |
|
- direct orders from foreign companies |
Company generally accepts payments with terms
of 60/90 days.
Main sales modalities: issue cheques and
bank transfers.
Purchase terms: 60-90-120 days.
Subject company generally settles its
engagements by issueing of
cheques and cash orders.
Import comes generally from the following
nations:
|
- Francia |
|
- |
|
- Olanda |
|
- Cipro |
Export is mainly towards:
|
- |
|
- Polonia |
|
- Ungheria |
|
- Francia |
The subject firm uses the following own
selling brands:
|
- FILANTO |
Traded Brands / Suppliers
|
- FILANTO |
Historical Information and/or Firm's Status
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of
merging by taking over of |
|
|
|
|
Filanto '92 *s.r.l.
|
|
|
Via |
Provinciale Per Maglie |
, 73042 |
, Casarano |
(LE) |
- IT - |
|
|
|
Fiscal Code: 02431470752 |
|
|
|
Date |
Merging/splitting-up project : |
29/09/1998 |
|
|
The firm
absorbed by merging of |
|
|
|
|
|
|
|
Via |
PROV. LE PER MAGLIE |
, 73042 |
, Casarano |
(LE) |
- IT - |
|
|
|
Fiscal Code: 02431470752 |
|
|
|
Date |
: |
18/06/1999 |
|
|
Project of
merging by taking over of |
|
|
|
|
|
|
|
Via |
Provinciale Per Maglie Z.i |
, 73042 |
, Casarano |
(LE) |
- IT - |
|
|
|
Fiscal Code: 01834320754 |
|
|
|
Date |
Merging/splitting-up project : |
26/07/2001 |
|
|
The firm
absorbed by merging of |
|
|
|
|
|
|
|
Via |
Provinciale Per Maglie Z.i |
, 73042 |
, Casarano |
(LE) |
- IT - |
|
|
|
Fiscal Code: 01834320754 |
|
|
|
Date |
: |
05/12/2001 |
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.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA DI ROMA SPA |
|
|
|
|
3002 |
0 |
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
69.902.119 |
|
Profit (Loss) for the period |
48.203 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
82.264.879 |
|
Profit (Loss) for the period |
-11.832.990 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
100.571.107 |
|
Profit (Loss) for the period |
-4.668.096 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
91.935.973 |
|
Profit (Loss) for the period |
-2.074.587 |
|
|
|
Complete balance-sheet for the year |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
100.693.754 |
|
Profit (Loss) for the period |
-1.140.674 |
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 31/12/2008 - 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 31/12/2008 |
as at 31/12/2007 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
Rigidity Ratio |
Units |
0,61 |
0,37 |
0,16 |
|
Elasticity Ratio |
Units |
0,38 |
0,62 |
0,82 |
|
Availability of stock |
Units |
0,09 |
0,13 |
0,22 |
|
Total Liquidity Ratio |
Units |
0,28 |
0,48 |
0,54 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,04 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,54 |
n.c. |
3,60 |
|
Self Financing Ratio |
Units |
0,31 |
n.c. |
0,15 |
|
Capital protection Ratio |
Units |
0,27 |
n.c. |
0,65 |
|
Liabilities consolidation quotient |
Units |
0,34 |
0,10 |
0,19 |
|
Financing |
Units |
2,01 |
n.c. |
4,71 |
|
Permanent Indebtedness Ratio |
Units |
0,47 |
0,03 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,16 |
0,10 |
0,12 |
|
Net Financial Indebtedness Ratio |
Units |
0,94 |
n.c. |
1,16 |
|
CORRELATION |
|
|
|
|
|
Fixed assets ratio |
Units |
0,77 |
0,08 |
1,89 |
|
Current ratio |
Units |
0,78 |
0,67 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,59 |
0,52 |
0,83 |
|
Structure's primary quotient |
Units |
0,50 |
n.c. |
1,01 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,07 |
|
Rate of indebtedness ( Leverage ) |
% |
321,90 |
n.c. |
628,15 |
|
Current Capital ( net ) |
Value |
-9.202.039 |
-21.032.638 |
260.096 |
|
RETURN |
|
|
|
|
|
Return on Sales |
% |
1,15 |
- 13,26 |
2,70 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
0,17 |
n.c. |
6,58 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
0,84 |
n.c. |
24,44 |
|
Return on Investment ( R.O.I. ) |
% |
3,49 |
- 1,14 |
5,31 |
|
Return/ Sales |
% |
4,46 |
- 0,95 |
3,61 |
|
Extra Management revenues/charges incid. |
% |
1,54 |
n.c. |
21,09 |
|
Cash Flow |
Value |
804.063 |
-10.909.476 |
84.129 |
|
Operating Profit |
Value |
3.120.621 |
-784.325 |
106.060 |
|
Gross Operating Margin |
Value |
3.876.481 |
139.189 |
175.502 |
|
MANAGEMENT |
|
|
|
|
|
Credits to clients average term |
Days |
123,84 |
105,30 |
99,01 |
|
Debts to suppliers average term |
Days |
71,89 |
82,11 |
131,97 |
|
Average stock waiting period |
Days |
43,34 |
40,82 |
51,83 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,78 |
1,20 |
1,46 |
|
Rate of stock return |
Units |
8,30 |
8,81 |
6,91 |
|
Labour cost incidence |
% |
7,59 |
7,42 |
16,19 |
|
Net financial revenues/ charges incidence |
% |
- 3,49 |
- 5,47 |
- 1,14 |
|
Labour cost on purchasing expenses |
% |
7,91 |
7,57 |
16,19 |
|
Short-term financing charges |
% |
6,77 |
7,16 |
2,70 |
|
Capital on hand |
% |
127,57 |
83,17 |
68,48 |
|
Sales pro employee |
Value |
482.083 |
442.284 |
179.384 |
|
Labour cost pro employee |
Value |
36.616 |
32.824 |
30.943 |
Market / Territory Data
|
Population living in the province |
: |
805.397 |
|
Population living in the region |
: |
4.068.167 |
|
Number of families in the region |
: |
1.407.246 |
Monthly family expenses average in the
region (in Eur.) :
|
- per food products |
: |
476 |
|
- per non food products |
: |
1.433 |
|
- per energy consume |
: |
85 |
Sector Data
The values are calculated on a base of 1.066
significant companies.
The companies cash their credits on an
average of 99 dd.
The average duration of suppliers debts is
about 131 dd.
The sector's profitability is on an average
of 2,70%.
The labour cost affects the turnover in the
measure of 16,19%.
Goods are held in stock in a range of 51 dd.
The difference between the sales volume and
the resources used to realize it is about 1,46.
The employees costs represent the 16,19% of
the production costs.
Statistical Detrimental Data
The area is statistically considered
remarkably risky.
In the region 41.341 protested subjects are
found; in the province they count to 9.216.
The insolvency index for the region is 1,02,
, while for the province it is 1,15.
Total Bankrupt companies in the province :
2.339.
Total Bankrupt companies in the region :
15.496.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.59 |
|
|
1 |
Rs.73.44 |
|
Euro |
1 |
Rs.64.87 |
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 |
|
-- |
NB |
New Business |
-- |
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.