MIRA INFORM REPORT
|
Report Date : |
10.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
SCARPA E COLOMBO S.R.L. |
|
|
|
|
Registered Office : |
Via Resegone, 3, 20025 - Legnano (MI) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
23.01.1942 |
|
|
|
|
Com. Reg. No.: |
MI146-341669 since 19/02/1996 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of metal tanks, reservoirs, radiators and containers |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
25.000 Eur |
|
|
|
|
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 & address
Scarpa E Colombo S.r.l.
Via Resegone, 3
20025 - Legnano (MI) -IT-
Summary
|
Fiscal Code |
: |
00689680155 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
23/01/1942 |
|
Equity |
: |
150.000 Eur |
|
|
: |
3.000.000/3.750.000 Eur |
|
Number of Employees |
: |
from 26 to 35 |
Credit Analysis
|
Credit Opinion |
: |
25.000 - Eur |
Activity
Manufacture of metal tanks, reservoirs, radiators and containers
General mechanics
Manufacture of parts and accessories for motor vehicles
Legal Data
Legal Form : Limited liability company
|
Fiscal Code : 00689680155 |
|
Foreign Trade Reg. no. : MI206272 since 20/04/1994 |
|
Foreign Trade Reg. no. : 3127 of Milano |
|
Foreign Trade Reg. no. : 206272 of Milano since 20/04/1994 |
|
Foreign Trade Reg. no. : 0003127 of Milano |
|
Foreign Trade Reg. no. : 024185 of |
|
Chamber of Commerce no. : 362454 of Milano since 02/07/1947 |
|
Firms' Register : MI146-341669 since 19/02/1996 |
|
V.A.T. Code : 11172830157 |
|
Tribunal Co. Register : 341669 of Milano since 15/02/1994 |
|
Tribunal Co. Register : 17201 of |
|
Foundation date |
: 23/01/1942 |
|
|
Establishment date |
: 23/01/1942 |
|
|
Start of Activities |
: 23/01/1942 |
|
|
Legal duration |
: 31/12/2060 |
|
|
Nominal Capital |
: 99.000 |
Eur |
|
Subscribed Capital |
: 99.000 |
Eur |
|
Paid up Capital |
: 99.000 |
Eur |
Members
|
|
Scarpa |
Albertina |
|
|
|
Born in Legnano |
(MI) |
on 01/05/1951 |
- Fiscal Code : SCRLRT51E41E514K |
|
|
|
Residence : |
Via |
Galvani |
, 105 |
- 20025 |
Legnano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
05/10/2007 |
|
|
|
Managing Director |
26/11/2007 |
|
|
|
|
No Protests registered |
|
|
Scarpa |
Giuseppe |
|
|
|
Born in |
(VA) |
on 07/08/1965 |
- Fiscal Code : SCRGPP65M07B300G |
|
|
|
Residence : |
Via |
Cesare Battisti |
, 23 |
- 20025 |
Legnano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
05/10/2007 |
|
|
|
Managing Director |
26/11/2007 |
|
|
|
|
No Protests registered |
|
|
Maculan |
Narciso |
|
|
|
Born in Saonara |
(PD) |
on 30/01/1939 |
- Fiscal Code : MCLNCS39A30I418O |
|
|
|
Residence : |
Via |
San Giovanni Bosco |
, 8 |
- 20017 |
|
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
05/10/2007 |
|
|
|
Managing Director |
26/11/2007 |
|
|
|
Board Chairman |
05/10/2007 |
|
|
|
|
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 have
holded positions.
|
|
SCARPA |
ALBERTINA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
FRECCIA INTERNATIONAL S.R.L. |
Cerro Maggiore (MI) - IT - |
10731870159 |
Director |
Active |
Registered |
|
|
SCARPA |
GIUSEPPE |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
FRECCIA INTERNATIONAL S.R.L. |
Cerro Maggiore (MI) - IT - |
10731870159 |
Director |
Active |
Registered |
|
MANIERO SAN MAGNO SOCIETA' COOPERATIVA A R.L. |
Legnano (MI) - IT - |
08895160151 |
Director |
Active |
Registered |
|
MANIERO SAN MAGNO SOCIETA' COOPERATIVA A R.L. |
Legnano (MI) - IT - |
08895160151 |
Managing
Director |
Withdrawn |
Registered |
|
MANIERO SAN MAGNO SOCIETA' COOPERATIVA A R.L. |
Legnano (MI) - IT - |
08895160151 |
Board Chairman |
Active |
Registered |
|
|
MACULAN |
NARCISO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
FRECCIA INTERNATIONAL S.R.L. |
Cerro Maggiore (MI) - IT - |
10731870159 |
Board Chairman |
Active |
Registered |
|
GESTIONI MACULAN S.R.L. |
Padova (PD) - IT - |
01424440285 |
Director |
Active |
Registered |
|
GESTIONI MACULAN S.R.L. |
Padova (PD) - IT - |
01424440285 |
Board Chairman |
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 |
|
Scarpa Venanzio |
Legnano - IT - |
SCRVNZ24P18E514R |
37.125 .Eur |
37,50 |
|
Scarpa Carlo |
Legnano - IT - |
SCRCRL34B14E514N |
37.125 .Eur |
37,50 |
|
Scarpa Albertina |
Legnano - IT - |
SCRLRT51E41E514K |
12.375 .Eur |
12,50 |
|
Scarpa Giuseppe |
Legnano - IT - |
SCRGPP65M07B300G |
12.375 .Eur |
12,50 |
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 |
|
Immobiliare Astra Spa |
Legnano - IT - |
06002380159 |
2.184 .Eur |
0,32 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 22/11/1989 |
|
|
|
|
|
Via |
Resegone |
, 3 |
- 20025 |
- Legnano |
(MI) |
- IT - |
|
|
|
|
PHONE |
: 0331/442253 |
|
|
|
|
FAX |
: 0331/544831 |
|
- |
Branch |
(Warehouse ) |
since 20/10/1993 |
|
|
|
|
|
Via |
Kennedy |
, 9 |
- 20023 |
- Cerro Maggiore |
(MI) |
- IT - |
|
|
|
|
Employees |
: 26 |
|
|
|
|
Assistants |
: 5 |
|
|
|
|
Family members |
: 2 |
|
Fittings and Equipment for a value of 280.000 |
Eur |
|
Stocks for a value of 710.000 |
Eur |
|
Furniture and fittings for a value of 36.000 |
Eur |
The firm operates abroad as importer / exporter. .
Export represents from 20% to 50% of the global turnover.
Products abroad are placed by :
|
- importers |
|
- direct orders from foreign companies |
Export is mainly towards:
|
- Grecia |
|
- |
|
- Gran Bretagna |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
General partnership |
Limited liability company |
26/03/1990 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Scarpa e |
|
26/03/1990 |
COMPANY'S CAPITAL CHANGES:
|
Former Type |
Former Amount |
New Type |
New Amount |
Changement Date |
|
|
17.352 |
|
49.579 |
26/03/1990 |
Eur
EX-MEMBERS / EX-POSITIONS:
|
|
Scarpa |
Venanzio |
|
|
|
Born in Legnano |
on 18/09/1924 |
- Fiscal Code : SCRVNZ24P18E514R |
|
|
Residence : |
Via |
A. Vespucci |
, 24 |
- 20010 |
Legnano |
(MI) |
- IT - |
|
Ex-Postions |
|
Chairman |
|
Board Chairman |
|
|
Scarpa |
Carlo |
|
|
|
Born in Legnano |
on 14/02/1934 |
- Fiscal Code : SCRCRL34B14E514N |
|
|
|
Residence : |
Via |
Cesare Battisti |
, 25 |
- 20010 |
Legnano |
(MI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
Managing Director |
|
|
Scarpa |
Albertina |
|
|
|
Born in Legnano |
on 01/05/1951 |
- Fiscal Code : SCRLRT51E41E514K |
|
|
Residence : |
Via |
Galvani |
, 105 |
- 20025 |
Legnano |
(MI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Scarpa |
Giuseppe |
|
|
|
Born in |
on 07/08/1965 |
- Fiscal Code : SCRGPP65M07B300G |
|
|
|
Residence : |
Via |
Cesare Battisti |
, 23 |
- 20025 |
Legnano |
(MI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
|
Marculan |
Narciso |
|
|
|
Born in Saonara |
on 30/01/1939 |
- Fiscal Code : MRCNCS39A30I418E |
|
|
|
Residence : |
Via |
Cavour |
, 30 |
- 21100 |
|
(VA) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Maculan |
Narciso |
|
|
|
Born in Saonara |
on 30/01/1939 |
- Fiscal Code : MCLNCS39A30I418O |
|
|
|
Residence : |
Via |
San Giovanni Bosco |
, 8 |
- 20017 |
|
(MI) |
- IT - |
|
Ex-Postions |
|
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.
Immovables *
*Subject to survey.
None reported in the name of the Firm.
Financial and Economical Analysis
Subject is active since 1942
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
Under the financial profile unstable results are noted. with a loss in
the last financial year. In the last financial year a drop in sales has been
registered (-21,48%).
The operating result was positive in the last financial year (7,8%)
falling within the field's average.
The amount of the operating result for the year 2009 is of Eur. 228.372
, with no sizeable change as opposed to the year before.
The G.O.M. amounted to Eur. 329.545 on the same levels as the previous
financial year.
Financial condition is not balanced as own capitals do not cover debts,
indebtedness level is in fact high (12,85) which is anyway decreasing.
The management generated equity capital for an amount of Eur. 143.352 ,
unchanged if compared to 2008.
Total indebtedness was equal to Eur. 2.135.730 (Eur. 290.253 was the
value of m/l term debts) with no important change.
Available funds are good.
During financial year 2009 the cash flow amounted to Eur. 90.637
In the last financial year labour cost was of Eur. 1.068.572, with a
31,94% incidence on total costs of production. , with a 29,14% incidence on
turnover.
The incidence percentage of financial charges on sales volume is equal
to -1,84%.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
3.667.245 |
|
Profit (Loss) for the period |
-10.536 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.671.016 |
|
Profit (Loss) for the period |
11.585 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.240.397 |
|
Profit (Loss) for the period |
2.806 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
4.238.394 |
|
Profit (Loss) for the period |
-143.544 |
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
3.270.876 |
|
Profit (Loss) for the period |
3.377 |
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 |
0,21 |
0,22 |
0,21 |
0,22 |
|
Elasticity Ratio |
Units |
0,79 |
0,78 |
0,78 |
0,76 |
|
Availability of stock |
Units |
0,24 |
0,30 |
0,31 |
0,17 |
|
Total Liquidity Ratio |
Units |
0,55 |
0,48 |
0,46 |
0,51 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
12,85 |
13,08 |
13,06 |
2,75 |
|
Self Financing Ratio |
Units |
0,05 |
0,05 |
0,04 |
0,20 |
|
Capital protection Ratio |
Units |
0,38 |
0,28 |
0,28 |
0,60 |
|
Liabilities consolidation quotient |
Units |
0,51 |
0,47 |
0,46 |
0,19 |
|
Financing |
Units |
14,90 |
15,32 |
14,99 |
3,52 |
|
Permanent Indebtedness Ratio |
Units |
0,37 |
0,35 |
0,34 |
0,39 |
|
M/L term Debts Ratio |
Units |
0,32 |
0,30 |
0,29 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,50 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,80 |
1,62 |
1,61 |
1,58 |
|
Current ratio |
Units |
1,26 |
1,21 |
1,21 |
1,20 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,87 |
0,74 |
0,71 |
0,90 |
|
Structure's primary quotient |
Units |
0,24 |
0,23 |
0,23 |
0,95 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,00 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
2.042,43 |
2.033,03 |
2.023,03 |
495,08 |
|
Current Capital ( net ) |
Value |
475.460 |
418.016 |
392.012 |
405.400 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
2,47 |
1,94 |
1,72 |
4,15 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
- 7,35 |
7,53 |
1,97 |
8,42 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
56,07 |
58,87 |
64,78 |
25,86 |
|
Return on Investment ( R.O.I. ) |
% |
7,80 |
6,84 |
7,44 |
5,83 |
|
Return/ Sales |
% |
6,23 |
4,58 |
5,05 |
4,62 |
|
Extra Management revenues/charges incid. |
% |
- 4,61 |
5,41 |
1,30 |
33,44 |
|
Cash Flow |
Value |
90.637 |
90.441 |
73.033 |
187.504 |
|
Operating Profit |
Value |
228.372 |
214.140 |
214.216 |
173.580 |
|
Gross Operating Margin |
Value |
329.545 |
292.996 |
284.443 |
342.709 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
n.c. |
n.c. |
112,89 |
109,79 |
|
Debts to suppliers average term |
Days |
n.c. |
n.c. |
190,00 |
133,23 |
|
Average stock waiting period |
Days |
69,83 |
73,02 |
78,12 |
51,20 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,25 |
1,49 |
1,47 |
1,28 |
|
Rate of stock return |
Units |
5,16 |
4,93 |
4,60 |
7,02 |
|
Labour cost incidence |
% |
29,14 |
27,19 |
28,03 |
18,76 |
|
Net financial revenues/ charges incidence |
% |
- 1,84 |
- 2,06 |
- 2,44 |
- 1,05 |
|
Labour cost on purchasing expenses |
% |
31,94 |
28,41 |
30,17 |
18,55 |
|
Short-term financing charges |
% |
3,36 |
4,19 |
4,86 |
2,45 |
|
Capital on hand |
% |
79,84 |
66,98 |
67,89 |
77,96 |
|
Sales pro employee |
Value |
96.506 |
103.800 |
151.442 |
192.289 |
|
Labour cost pro employee |
Value |
28.120 |
28.227 |
42.455 |
35.243 |
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 |
: |
3.839.216 |
|
Population living in the region |
: |
9.393.092 |
|
Number of families in the region |
: |
3.858.736 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
460 |
|
- per non food products |
: |
2.090 |
|
- per energy consume |
: |
114 |
Sector Data
The values are calculated on a base of 258 significant companies.
The companies cash their credits on an average of 109 dd.
The average duration of suppliers debts is about 133 dd.
The sector's profitability is on an average of 4,15%.
The labour cost affects the turnover in the measure of 18,76%.
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 1,28.
The employees costs represent the 18,55% of the production costs.
Statistical Detrimental Data
The area is statistically considered lowly risky.
In the region 50.886 protested subjects are found; in the province they
count to 24.765.
The insolvency index for the region is 0,55, , while for the province it
is 0,66.
Total Bankrupt companies in the province : 22.523.
Total Bankrupt companies in the region : 39.612.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.02 |
|
|
1 |
Rs.72.70 |
|
Euro |
1 |
Rs.62.54 |
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.