MIRA INFORM REPORT
|
Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
TECNO POULTRY EQUIPMENT S.P.A. |
|
|
|
|
Registered Office : |
Via Leonardo Da Vinci, Sn Marsango, 35010 - Campo
San Martino (Pd) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
23.03.1977 |
|
|
|
|
Com. Reg. No.: |
PD060-10991 since 19/02/1996 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of other
agriculture, silviculture and zootechnics machinery |
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 : |
250.000 Eur |
|
Status : |
Good |
|
Payment
Behaviour : |
Usually Correct |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Italy |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Tecno Poultry Equipment S.p.a.
Via Leonardo Da Vinci, SN MARSANGO
35010 - Campo San Martino (PD) -IT-
Summary
|
Fiscal Code |
: |
80029860287 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
28/06/1980 |
|
Equity |
: |
Over 2.582.254 Eur |
|
Turnover Range |
: |
50.000.000/75.000.000 Eur |
|
Number of Employees |
: |
from 51 to 70 |
Credit Analysis
|
Credit Opinion |
: |
250.000 - Eur |
Activity
Manufacture of other
agriculture, silviculture and zootechnics machinery
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 80029860287 |
|
Foreign Trade Reg. no. : PD020675 since
27/02/1992 |
|
Chamber of Commerce no. : 130884 of Padova
since 15/06/1977 |
|
Firms' Register : PD060-10991 since
19/02/1996 |
|
V.A.T. Code : 00890950280 |
|
Foundation date |
: 23/03/1977 |
|
|
Establishment date |
: 23/03/1977 |
|
|
Start of Activities |
: 28/06/1980 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 2.500.000 |
Eur |
|
Subscribed Capital |
: 2.500.000 |
Eur |
|
Paid up Capital |
: 2.500.000 |
Eur |
Members
|
|
Cauzzo |
Antonio |
|
|
|
Born in Cittadella |
(PD) |
on 19/10/1941 |
- Fiscal Code : CZZNTN41R19C743H |
|
|
|
Residence : |
Via |
Provinciale |
, 23 |
- 35010 |
Campo San Martino |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
15/01/2008 |
|
|
|
Board Chairman |
15/01/2008 |
|
|
|
|
No Protests
registered |
|
|
Chinello |
Carlo |
|
|
|
Born in Padova |
(PD) |
on 30/07/1971 |
- Fiscal Code : CHNCRL71L30G224X |
|
|
|
Residence : |
Via |
Carnaro |
, 15 |
- 35030 |
Selvazzano Dentro |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
|
15/09/2008 |
|
|
|
|
Cauzzo |
Alessandro
Antonio |
|
|
|
Born in Campo San Martino |
(PD) |
on 26/01/1972 |
- Fiscal Code : CZZLSN72A26B564Z |
|
|
|
Residence : |
Borgo |
Vicenza |
, 16/A |
- 31033 |
Castelfranco Veneto |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
25/10/2004 |
|
|
|
Director |
15/01/2008 |
|
|
|
|
No Protests
registered |
|
|
Cauzzo |
Nicola |
|
|
|
Born in Campo San Martino |
(PD) |
on 23/01/1975 |
- Fiscal Code : CZZNCL75A23B564N |
|
|
|
Residence : |
Via |
De Gasperi |
, 68 |
- 35011 |
Campodarsego |
(PD) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
15/01/2008 |
|
|
|
|
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.
|
|
CAUZZO |
ANTONIO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
AC. TRADING S.A.S. DI CAUZZO ANTONIO E C. |
Campo San Martino (PD) - IT - |
03707070284 |
General Partner |
Withdrawn |
Registered |
|
EUROINVEST SOCIETA' A RESPONSABILITA'
LIMITATA |
Padova (PD) - IT - |
03711540280 |
Managing
Director |
Active |
Registered |
|
EUROINVEST SOCIETA' A RESPONSABILITA'
LIMITATA |
Padova (PD) - IT - |
03711540280 |
Director |
Active |
Registered |
|
EUROINVEST SOCIETA' A RESPONSABILITA'
LIMITATA |
Padova (PD) - IT - |
03711540280 |
Partner |
Withdrawn |
Registered |
|
EUROINVEST SOCIETA' A RESPONSABILITA'
LIMITATA |
Padova (PD) - IT - |
03711540280 |
Board Chairman |
Active |
Registered |
|
FEA S.R.L. |
Bassano del Grappa (VI) - IT - |
02454870300 |
Director |
Active |
Registered |
|
FINANZIARIA FACCO S.R.L. |
Campo San Martino (PD) - IT - |
02191970280 |
Liquidator |
Withdrawn |
Ceased |
|
GIOVE 2 - S.R.L |
Torno (CO) - IT - |
09344920153 |
Board Chairman |
Withdrawn |
Ceased |
|
IM.CA. SOCIETA' A RESPONSABILITA' LIMITATA |
Padova (PD) - IT - |
03558230284 |
Director |
Active |
Registered |
|
IM.CA. SOCIETA' A RESPONSABILITA' LIMITATA |
Padova (PD) - IT - |
03558230284 |
Partner |
Withdrawn |
Registered |
|
IM.CA. SOCIETA' A RESPONSABILITA' LIMITATA |
Padova (PD) - IT - |
03558230284 |
Managing
Director |
Active |
Registered |
|
IM.CA. SOCIETA' A RESPONSABILITA' LIMITATA |
Padova (PD) - IT - |
03558230284 |
Board Chairman |
Active |
Registered |
|
MAYA YACHTING S.R.L. |
Roma (RM) - IT - |
09924131007 |
Sole Director |
Active |
Registered |
|
PROTEC S.A.S.DI BIASIBETTI VITTORIO EC |
San Giorgio in Bosco (PD) - IT - |
03340210289 |
Limited Partner |
Withdrawn |
Ceased |
|
SGF HOLDING S.P.A. |
Padova (PD) - IT - |
00968440289 |
Director |
Active |
Registered |
|
SGF S.R.L. |
Padova (PD) - IT - |
04518340288 |
Director |
Active |
Registered |
|
TECNO AGRO INTERNATIONAL S.R.L. |
Campo San Martino (PD) - IT - |
02193150287 |
Director |
Active |
Registered |
|
TECNO AGRO INTERNATIONAL S.R.L. |
Campo San Martino (PD) - IT - |
02193150287 |
Board Chairman |
Active |
Registered |
|
TECNO POOL S.P.A. |
San Giorgio in Bosco (PD) - IT - |
01822250286 |
Director |
Withdrawn |
Registered |
|
TECNO POOL S.P.A. |
San Giorgio in Bosco (PD) - IT - |
01822250286 |
Board Chairman |
Withdrawn |
Registered |
|
|
CAUZZO |
ALESSANDRO
ANTONIO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
A.G.S. TRADING S.A.S. DI CAUZZO ALESSANDRO
E C. |
Padova (PD) - IT - |
03432890287 |
Acting partner
(in work) |
Active |
Registered |
|
FINTEL 3 S.R.L. |
Padova (PD) - IT - |
04157050289 |
Director |
Active |
Registered |
|
FINTEL2 S.R.L. |
Padova (PD) - IT - |
04060840289 |
Director |
Active |
Registered |
|
IM.CA. SOCIETA' A RESPONSABILITA' LIMITATA |
Padova (PD) - IT - |
03558230284 |
Director |
Active |
Registered |
|
IM.CA. SOCIETA' A RESPONSABILITA' LIMITATA |
Padova (PD) - IT - |
03558230284 |
Managing
Director |
Active |
Registered |
|
SIPA IMMOBILIARE S.R.L. |
Belluno (BL) - IT - |
01004120257 |
Director |
Active |
Registered |
|
TECNO AGRO INTERNATIONAL S.R.L. |
Campo San Martino (PD) - IT - |
02193150287 |
Director |
Active |
Registered |
|
TELVE SEI S.R.L. |
Padova (PD) - IT - |
03998460285 |
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 |
|
Cauzzo Alessandro Antonio |
Castelfranco Veneto - IT - |
CZZLSN72A26B564Z |
1.275.000 .Eur |
51,00 |
|
Cauzzo Nicola |
Campodarsego - IT - |
CZZNCL75A23B564N |
1.225.000 .Eur |
49,00 |
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 |
|
Sapi S.p.a. |
Padova - IT - |
00667110282 |
2.550 .Eur |
0,08 |
|
|
Active |
|
Im.ca. Societa' A Responsabilita' Limitata |
Padova - IT - |
03558230284 |
1.000 .Eur |
10,00 |
|
|
Active |
Firm's location and structure
In order to carry out its activities
the firm uses the following locations:
|
- |
Legal and
operative seat |
|
since 02/07/1980 |
|
|
|
|
|
Via |
Leonardo Da Vinci |
, SN Loc. MARSANGO |
- 35010 |
- Campo San Martino |
(PD) |
- IT - |
|
|
|
|
PHONE |
: 049/9699666 |
|
- |
Branch |
(Factory ) |
since 12/03/2010 |
|
|
|
|
|
Viale |
Dell'artigianato |
, 59/B |
- 35010 |
- Santa Giustina in Colle |
(PD) |
- IT - |
|
|
|
|
Employees |
: 53 |
|
Fittings and Equipment for a value of
1.600.000 |
Eur |
|
Stocks for a value of 4.950.000 |
Eur |
|
Vehicles for a value of 230.000 |
Eur |
|
|
The firm operates abroad as importer
/ exporter. .
To purchase foreign products the
firm uses the following channels :
|
- direct orders to foreign companies |
Export represents up to 20% of
the global turnover.
Products abroad are placed by :
|
- its own sales net-work |
|
- its own agents |
Import comes generally from the
following nations:
|
- Belgio |
Export is mainly towards:
|
- Grecia |
|
- Francia |
Historical Information and/or Firm's Status
COMPANY
STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Facco Impianti Avicoli S.r.l. |
Tecno Impianti Avicoli S.r.l. |
03/05/1995 |
EX-MEMBERS
/ EX-POSITIONS:
|
|
Lago |
Leopoldo |
|
|
|
Born in CITTADELLA |
on 13/05/1945 |
- Fiscal Code : LGALLD45E13C743M |
|
|
|
Residence : |
Via |
CASARETTA |
, 102 |
- 35013 |
Cittadella |
(PD) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Finco |
Luigi |
|
|
|
Born in Campo San Martino |
on 14/08/1927 |
- Fiscal Code : FNCLGU27M14B564Q |
|
Ex-Postions |
|
Chairman |
|
|
Lago |
Leopoldo |
|
|
|
Born in Cittadella |
on 13/05/1945 |
- Fiscal Code : LGALLD45E13C743M |
|
Ex-Postions |
|
Managing Director |
|
|
Facco |
Eugenio |
|
|
|
Born in Campo San Martino |
on 13/03/1922 |
- Fiscal Code : FCCGNE22C13B564V |
|
Ex-Postions |
|
Chairman |
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 1980
The balance-sheet analysis has
been made on the base of the latest 2 financial years.
Under an economic point of view,
profits were registered during the last years with a r.o.e. of 16,5% in 2010
and during the last financial year an increase in sales volume was registered
(+26,15% in 2010).
The operating result was
positive in the last financial year (3,14%) falling within the field's average.
An operating result of Eur.
1.524.950 has been registered. ,showing stability in respect to the value of
2009.
The G.O.M. amounted to Eur.
2.081.008 , stable if compared to the year before.
The ratio between shareholder's
equity and borrowed capital is not well balanced, the indebtedness level is
equal to 6,92 which is decreasing.
It's shareholders funds amount
to Eur. 5.291.435 , unchanged as opposed to the preceding year.
During the last financial year
total debts volume reached Eur. 41.177.438 (Eur. 2.507.268 were m/l term ones)
while during the financial year 2009 the amount was equal to Eur. 33.082.313.
The recourse to bank credit is
slightly high and also borrowings from suppliers appear to be high, with an average
payment period equal to 113,38 gg. but lined up with the field's average.
Liquidity is good (1,14)
Trade credits average terms are
slow, on average 186,93 days. even if compared to the average of the sector.
As far as the cash flow is
concerned during the latest financial year it amounted to Eur. 1.429.150
Labour cost expenses amount to
Eur. 2.340.800 , representing 3,55% on the total of production costs. , whereas
the incidence of such costs on sales revenues is equal to 3,48%.
The financial management has a
limited economic impact, equal to -0,21% on the sales.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
67.179.247 |
|
Profit (Loss) for the period |
873.092 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
53.251.764 |
|
Profit (Loss) for the period |
633.551 |
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 31/12/2010 - 12 Mesi - Currency: Eur - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2009 - 12 Mesi - Currency: Eur - Amounts x 1 |
|
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|
|
RATIOS |
Value
Type |
as at 31/12/2010 |
as at 31/12/2009 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
Rigidity Ratio |
Units |
0,07 |
0,05 |
0,24 |
|
Elasticity Ratio |
Units |
0,91 |
0,92 |
0,75 |
|
Availability of stock |
Units |
0,10 |
0,17 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,81 |
0,76 |
0,44 |
|
Quick Ratio |
Units |
0,04 |
0,00 |
0,01 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
Net Short-term indebtedness |
Units |
6,92 |
7,33 |
2,16 |
|
Self Financing Ratio |
Units |
0,11 |
0,11 |
0,24 |
|
Capital protection Ratio |
Units |
0,36 |
0,37 |
0,73 |
|
Liabilities consolidation quotient |
Units |
0,09 |
0,04 |
0,24 |
|
Financing |
Units |
7,78 |
7,49 |
2,80 |
|
Permanent Indebtedness Ratio |
Units |
0,18 |
0,14 |
0,41 |
|
M/L term Debts Ratio |
Units |
0,07 |
0,03 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
2,34 |
2,38 |
1,27 |
|
CORRELATION |
|
|
|
|
|
Fixed assets ratio |
Units |
2,70 |
3,08 |
1,70 |
|
Current ratio |
Units |
1,14 |
1,12 |
1,26 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,02 |
0,92 |
0,83 |
|
Structure's primary quotient |
Units |
1,66 |
2,39 |
1,05 |
|
Treasury's primary quotient |
Units |
0,05 |
0,00 |
0,02 |
|
Rate of indebtedness ( Leverage ) |
% |
916,63 |
892,58 |
409,15 |
|
Current Capital ( net ) |
Value |
5.605.873 |
3.856.889 |
585.650 |
|
RETURN |
|
|
|
|
|
Return on Sales |
% |
2,13 |
1,92 |
3,38 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
16,50 |
14,34 |
4,44 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
28,13 |
25,90 |
13,50 |
|
Return on Investment ( R.O.I. ) |
% |
3,14 |
3,78 |
4,84 |
|
Return/ Sales |
% |
2,27 |
2,80 |
4,43 |
|
Extra Management revenues/charges incid. |
% |
57,25 |
42,53 |
34,26 |
|
Cash Flow |
Value |
1.429.150 |
1.021.850 |
187.403 |
|
Operating Profit |
Value |
1.524.950 |
1.489.545 |
213.008 |
|
Gross Operating Margin |
Value |
2.081.008 |
1.878.529 |
336.914 |
|
MANAGEMENT |
|
|
|
|
|
Credits to clients average term |
Days |
186,93 |
193,12 |
104,44 |
|
Debts to suppliers average term |
Days |
113,38 |
107,34 |
122,62 |
|
Average stock waiting period |
Days |
26,55 |
44,65 |
90,71 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,39 |
1,35 |
1,05 |
|
Rate of stock return |
Units |
13,56 |
8,06 |
3,92 |
|
Labour cost incidence |
% |
3,48 |
4,14 |
17,51 |
|
Net financial revenues/ charges incidence |
% |
- 0,21 |
- 0,59 |
- 1,60 |
|
Labour cost on purchasing expenses |
% |
3,55 |
4,18 |
17,77 |
|
Short-term financing charges |
% |
1,74 |
3,88 |
2,97 |
|
Capital on hand |
% |
72,20 |
74,06 |
94,78 |
|
Sales pro employee |
Value |
1.343.584 |
1.133.016 |
202.614 |
|
Labour cost pro employee |
Value |
46.816 |
46.925 |
33.583 |
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:
250.000Eur.
Market / Territory Data
|
Population living in the province |
: |
882.779 |
|
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 448 significant companies.
The companies cash their credits
on an average of 104 dd.
The average duration of
suppliers debts is about 122 dd.
The sector's profitability is on
an average of 3,38%.
The labour cost affects the
turnover in the measure of 17,51%.
Goods are held in stock in a
range of 90 dd.
The difference between the sales
volume and the resources used to realize it is about 1,05.
The employees costs represent
the 17,77% of the production costs.
Statistical Detrimental Data
The area is statistically
considered moderately risky.
In the region 13.782 protested
subjects are found; in the province they count to 2.646.
The insolvency index for the
region is 0,30, , while for the province it is 0,30.
Total Bankrupt companies in the
province : 3.821.
Total Bankrupt companies in the
region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.27 |
|
UK Pound |
1 |
Rs.73.34 |
|
Euro |
1 |
Rs.64.58 |
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.