MIRA
INFORM REPORT
|
Report Date : |
23.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
SCRIBA NANOTECNOLOGIE S.R.L. |
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|
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Registered Office : |
Via Piero Gobetti,52/3 40100- Bologna(BO) |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.10.2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Scientific Research and Development |
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 : |
25.000 - Eur |
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|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
Scriba Nanotecnologie S.r.l.
Via Piero Gobetti,52/3
40100- Bologna(BO) -IT-
Summary
|
Fiscal Code |
: |
02542781204 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
01/10/2006 |
|
Equity |
: |
400.000 Eur |
|
Turnover Range |
: |
250.000/375.000 Eur |
|
Number of Employees |
: |
from 1 to 5 |
Credit Analysis
|
Credit Opinion |
: |
25.000 - Eur |
Highlights
|
SCRIBA Nanotecnologie develops identification, anti-counterfaction,
security and |
|
health products based on nanotechnologies. |
|
It is a spin-off company from the National Research Council - ISMN
Bologna. |
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It is owned by 3 senior nanotecnologists and IMA SpA, the leading
company |
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in the field of pharmaceutical packaging. |
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Scriba has fully developed the tagging system NU-CODE™ that allows the
|
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permanent recording of digital data, on specially modified holograms. |
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Digital data recorded on the EN-TAG™ can be easily read either by
commercial digital |
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cameras or custom designed cameras. NU-CODE™ is the proper tool to
implement the |
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RESPONSIBLE PACKAGING criteria for pharmaceutical products. |
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The activity started steam ahead in the last 4 months of 2006. |
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Works were started that were invoiced in the following year. This
explains the |
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scanty sales in 2006. |
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The company is rated trustworthy. |
Activity
SCIENTIFIC RESEARCH AND DEVELOPMENT
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 02542781204 |
|
Chamber of Commerce no. : 447542 of Bologna since 18/03/2005 |
|
V.A.T. Code : 02542781204 |
|
Foundation date |
: 14/03/2005 |
|
|
Establishment date |
: 14/03/2005 |
|
|
Start of Activities |
: 01/10/2006 |
|
|
Legal duration |
: 31/12/2050 |
|
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Nominal Capital |
: 25.555 |
Eur |
|
Subscribed Capital |
: 25.555 |
Eur |
|
Paid up Capital |
: 25.555 |
Eur |
Members
|
Biscarini |
Fabio |
|
|
|
Born in Perugia |
(PG) |
on 15/04/1962 |
- Fiscal Code : BSCFBA62D15G478D |
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|
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Residence : |
Via |
Brunelli |
, 4 |
- 40135 |
Bologna |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
31/08/2009 |
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|
|
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No Protests registered |
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|
Ragazzini |
Pierantonio |
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|
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Born in Forli' |
(FO) |
on 26/04/1954 |
- Fiscal Code : RGZPNT54D26D704F |
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|
|
Residence : |
Via |
Pallotta |
, 26 |
- 47100 |
Forli' |
(FO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
31/08/2009 |
|
|
|
|
No Protests registered |
|
|
Bugamelli |
Fabrizio |
|
|
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Born in Castiglione dei Pepoli |
(BO) |
on 06/11/1969 |
- Fiscal Code : BGMFRZ69S06C296O |
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|
|
Residence : |
Via |
Iotti |
, 52 |
- 40056 |
Crespellano |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
31/08/2009 |
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|
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Board Chairman |
31/08/2009 |
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|
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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.
|
|
BUGAMELLI |
FABRIZIO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
ALMACUBE |
Bologna (BO) - IT - |
02119541205 |
Managing
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 |
|
I.m.a. Industria Macchine Automatiche S. P.a. In Sigla Ima S.p.a. |
Ozzano dell'Emilia - IT - |
00307140376 |
12.522 .Eur |
49,00 |
|
Biscarini Fabio |
Bologna - IT - |
BSCFBA62D15G478D |
6.853 .Eur |
26,81 |
|
Cavallini Massimiliano |
|
CVLMSM67B19H980R |
6.179 .Eur |
24,18 |
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 |
(Office ) |
|
|
|
|
|
Via |
Piero Gobetti |
, 52/3 |
- 40100 |
- Bologna |
(BO) |
- IT - |
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PHONE |
: 051/4200332 |
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FAX |
: 051/4200317 |
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Email |
: info@scriba-nanotec.com |
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Employees |
: 1 |
|
Fittings and Equipment for a value of 3.000 |
Eur |
|
Stocks for a value of 26.000 |
Eur |
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Historical Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
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Biscarini |
Fabio |
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|
|
Born in Perugia |
on 15/04/1962 |
- Fiscal Code : BSCFBA62D15G478D |
|
|
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Residence : |
Via |
Brunelli |
, 4 |
- 40135 |
Bologna |
(BO) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
|
Matacotta |
Francesco Cino |
|
|
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Born in Ancona |
on 17/02/1956 |
- Fiscal Code : MTCFNC56B17A271O |
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|
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Residence : |
Via |
La Tinta |
, 23 |
- 56100 |
Pisa |
(PI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
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
Company's starting of activities dates back to some years ago (2006).
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
During the last years the subject suffered net losses and in 2010 r.o.e.
is -2,85%.
The operating result in 2010 was positive (0,45%) and in line with the
sector's average.
The amount of the operating result is equal to Eur. 1.906 with an
increase of more then 100% if the compared to the previous financial year.
The G.O.M. amounted to Eur. 30.219 growing by 65,12% if compared to the
year before.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,32 increasing compared to last year
(0,12)
With regard to equity capital, an amount of Eur. 322.491 is registered.
, unchanged if compared to 2009.
The financial management has recorded total debts amounting to Eur.
103.185, , showing an upward trend if compared to 2009.
Bank and suppliers credit recourse is limited, 32,92 gg. is payment average
period below the sector's average.
The management determines a good range of liquidity.
As to due from customers, the average terms are 83,35 days. , shorter
than the sector's average.
As far as the cash flow is concerned during the latest financial year it
amounted to Eur. 19.122
Limited financial charges in relation to sales volume.
Financial Data
|
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|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
367.785 |
|
Profit (Loss) for the period |
-9.191 |
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
372.610 |
|
Profit (Loss) for the period |
-13.391 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
586.086 |
|
Profit (Loss) for the period |
-6.666 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
461.764 |
|
Profit (Loss) for the period |
-9.479 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
91.935 |
|
Profit (Loss) for the period |
-67.360 |
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 |
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- 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 |
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RATIOS |
Value Type |
as at 31/12/2010 |
as at 31/12/2009 |
as at 31/12/2008 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,72 |
0,62 |
0,51 |
0,29 |
|
Elasticity Ratio |
Units |
0,28 |
0,38 |
0,48 |
0,52 |
|
Availability of stock |
Units |
0,06 |
0,05 |
0,04 |
0,02 |
|
Total Liquidity Ratio |
Units |
0,22 |
0,33 |
0,44 |
0,56 |
|
Quick Ratio |
Units |
0,00 |
0,08 |
0,00 |
0,04 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,32 |
0,12 |
3,23 |
2,09 |
|
Self Financing Ratio |
Units |
0,76 |
0,63 |
0,23 |
0,17 |
|
Capital protection Ratio |
Units |
0,95 |
0,96 |
0,90 |
0,60 |
|
Liabilities consolidation quotient |
Units |
n.c. |
n.c. |
n.c. |
0,13 |
|
Financing |
Units |
0,32 |
0,24 |
3,23 |
2,60 |
|
Permanent Indebtedness Ratio |
Units |
0,76 |
0,63 |
0,23 |
0,28 |
|
M/L term Debts Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,07 |
0,00 |
n.c. |
0,29 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,06 |
1,03 |
0,46 |
0,82 |
|
Current ratio |
Units |
1,15 |
2,47 |
0,63 |
1,01 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,90 |
2,15 |
0,57 |
0,79 |
|
Structure's primary quotient |
Units |
1,06 |
1,03 |
0,46 |
0,52 |
|
Treasury's primary quotient |
Units |
0,00 |
0,51 |
0,00 |
0,07 |
|
Rate of indebtedness ( Leverage ) |
% |
132,00 |
157,70 |
424,05 |
445,44 |
|
Current Capital ( net ) |
Value |
15.825 |
118.642 |
-152.666 |
-12.096 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
5,20 |
1,57 |
3,14 |
6,78 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 2,85 |
- 4,04 |
- 5,13 |
8,61 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
- 0,21 |
- 1,50 |
11,88 |
24,12 |
|
Return on Investment ( R.O.I. ) |
% |
0,45 |
- 0,18 |
7,16 |
4,21 |
|
Return/ Sales |
% |
0,52 |
- 0,25 |
6,73 |
6,72 |
|
Extra Management revenues/charges incid. |
% |
- 482,21 |
n.c. |
- 16,89 |
42,10 |
|
Cash Flow |
Value |
19.122 |
5.835 |
18.433 |
70.546 |
|
Operating Profit |
Value |
1.906 |
-925 |
39.466 |
27.748 |
|
Gross Operating Margin |
Value |
30.219 |
18.301 |
64.565 |
113.772 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
83,35 |
95,87 |
145,08 |
193,55 |
|
Debts to suppliers average term |
Days |
32,92 |
43,37 |
230,00 |
116,44 |
|
Average stock waiting period |
Days |
25,09 |
24,76 |
15,73 |
37,22 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,86 |
0,71 |
1,06 |
1,12 |
|
Rate of stock return |
Units |
14,35 |
14,54 |
22,86 |
8,80 |
|
Labour cost incidence |
% |
n.c. |
n.c. |
5,21 |
11,61 |
|
Net financial revenues/ charges incidence |
% |
- 0,32 |
- 0,70 |
- 2,00 |
- 0,59 |
|
Labour cost on purchasing expenses |
% |
n.c. |
n.c. |
5,54 |
16,44 |
|
Short-term financing charges |
% |
1,17 |
4,25 |
2,91 |
0,95 |
|
Capital on hand |
% |
115,74 |
140,38 |
93,96 |
106,51 |
|
Sales pro employee |
Value |
n.c. |
|
586.086 |
167.065 |
|
Labour cost pro employee |
Value |
n.c. |
|
30.545 |
37.184 |
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:
25.000Eur.
Market / Territory Data
|
Population living in the province |
: |
944.297 |
|
Population living in the region |
: |
4.151.369 |
|
Number of families in the region |
: |
1.748.359 |
Monthly family expences average in the region (in Eur.) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
2.063 |
|
- per energy consume |
: |
143 |
Sector Data
The values are calculated on a base of 179 significant companies.
The companies cash their credits on an average of 193 dd.
The average duration of suppliers debts is about 116 dd.
The sector's profitability is on an average of 6,78%.
The labour cost affects the turnover in the measure of 11,61%.
Goods are held in stock in a range of 37 dd.
The difference between the sales volume and the resources used to
realize it is about 1,12.
The employees costs represent the 16,44% of the production costs.
Statistical Detrimental Data
The area is statistically considered lowly risky.
In the region 18.860 protested subjects are found; in the province they
count to 3.720.
The insolvency index for the region is 0,46, , while for the province it
is 0,40.
Total Bankrupt companies in the province : 4.335.
Total Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.95 |
|
|
1 |
Rs.75.76 |
|
Euro |
1 |
Rs.66.01 |
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.