MIRA INFORM REPORT
|
Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
BRETON S.P.A. |
|
|
|
|
Registered Office : |
Via Giuseppe Garibaldi , 27, Castello Di Godego, Post code 31030 |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
19.02.1986 |
|
|
|
|
Legal Form : |
Joint-Stock/Public Company |
|
|
|
|
Line of Business : |
manufacture of other
machine tools (including parts and accessories |
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 : |
1.629.100 (Euro) |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Italy |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
Company Name |
BRETON S.P.A. |
|
Company Type |
JOINT-STOCK/PUBLIC COMPANY |
|
Address |
VIA GIUSEPPE GARIBALDI , 27 |
|
Town |
CASTELLO DI GODEGO |
|
Post Code |
31030 |
|
Telephone Number |
04237691 |
|
Province |
CASTELLO DI GODEGO |
|
Fiscal Code |
01880270267 |
|
VAT Number |
01880270267 |
|
Activity Start Date |
28-12-1989 |
|
Incorporation Date |
19-2-1986 |
|
Closure Date |
31-12-2029 |
|
REA Inscription |
175609 on the date of 28-5-1986 |
|
CCIAA province and number |
TV 175609 |
|
Company Status |
Active |
|
Currency |
EURO (€) |
Credit Rating Summary
|
Credit Limit |
1.629.100 (Euro) |
Capital Information
|
Paid up share capital |
20.000.000 |
|
Authorised share capital |
20.000.000 |
|
Subscribed share capital |
20.000.000 |
Activity
|
SIC Code |
3500 |
|
Business Activity |
COSTRUZIONE, MONTAGGIO DI MACCHINE, IMPIANTI, APPARECCHIATURE E
COMPONENTI ACCES SORI PER L'INDUSTRIA DELLA LAVORAZIONE DELLA PIETRA NATURALE
E COMPOSITA E DEI MATERIALI AFFINI E SUCCEDANEI, NONCHE' PER L'INDUSTRIA IN
GENERE, LA LAVORAZIONE DI PIETRA NATURALE E COMPOSITA E DI MATERIALI AFFINI E
SUCCEDANEI E DI OGNI AL- TRO MATERIALE PER L'EDILIZIA; FABBRICAZIONE DI
UTENSILI E PRODOTTI PER LA LAVORA ZIONE DELLA PIETRA E DI MATERIALI AFFINI E
SUCCEDANEI (DAL 28.12.1989); COMMERCIO ELETTRONICO DI PEZZI DI RICAMBIO DI
MACCHINE, IMPIANTI ED TTREZZATURE INDUSTRIALI DI PROPRIA PRODUZIONE (DAL
23.7.2008) (CONSTRUCTION AND INSTALLATION OF MACHINERY, PLANT, EQUIPMENT AND
COMPONENTS FOR INDUSTRY SORI ACCES THE PROCESSING OF NATURAL STONE AND
RELATED COMPOSITE MATERIALS AND SUBSTITUTES AND 'INDUSTRY IN GENERAL, THE
PROCESSING OF NATURAL STONE AND COMPOSITE MATERIALS RELATED AND SUBSTITUTES
AND ALL THE MATERIAL FOR BUILDING-TRO; MANUFACTURE OF TOOLS AND PRODUCTS FOR
THE WORK FROM THE STONE AND RELATED MATERIALS AND SUBSTITUTES (FROM
28/12/1989) ELECTRONIC COMMERCE IN PARTS OF MACHINERY, PLANT AND INDUSTRIAL
PRODUCTION TTREZZATURE OWN (FROM 23/07/2008)) |
Financial Data
|
Date of Latest Accounts |
31-12-2010 |
|
Turnover |
102.528.132 |
|
Profit & Loss |
1.861.944 |
|
Number of Employees |
497 |
Subsidiaries
|
Address |
Type of Premises |
|
VIA GIUSEPPE GARIBALDI 27 - CASTELLO DI GODEGO (TV)
|
|
|
VIA BASSANESE 2 - VEDELAGO (TV) |
ESTABLISHMENT |
|
VIA U. MASOTTO 12 - CAMPIGLIA DEI BERICI (VI) |
WAREHOUSE |
Business Activity and Financial
Ratios
|
SIC Code |
3500 |
|
Business Activity |
COSTRUZIONE, MONTAGGIO DI MACCHINE,
IMPIANTI, APPARECCHIATURE E COMPONENTI ACCES SORI PER L'INDUSTRIA DELLA
LAVORAZIONE DELLA PIETRA NATURALE E COMPOSITA E DEI MATERIALI AFFINI E
SUCCEDANEI, NONCHE' PER L'INDUSTRIA IN GENERE, LA LAVORAZIONE DI PIETRA
NATURALE E COMPOSITA E DI MATERIALI AFFINI E SUCCEDANEI E DI OGNI AL- TRO
MATERIALE PER L'EDILIZIA; FABBRICAZIONE DI UTENSILI E PRODOTTI PER LA LAVORA
ZIONE DELLA PIETRA E DI MATERIALI AFFINI E SUCCEDANEI (DAL 28.12.1989);
COMMERCIO ELETTRONICO DI PEZZI DI RICAMBIO DI MACCHINE, IMPIANTI ED
TTREZZATURE INDUSTRIALI DI PROPRIA PRODUZIONE (DAL 23.7.2008) (CONSTRUCTION AND INSTALLATION OF
MACHINERY, PLANT, EQUIPMENT AND COMPONENTS FOR INDUSTRY SORI ACCES THE
PROCESSING OF NATURAL STONE AND RELATED COMPOSITE MATERIALS AND SUBSTITUTES
AND 'INDUSTRY IN GENERAL, THE PROCESSING OF NATURAL STONE AND COMPOSITE
MATERIALS RELATED AND SUBSTITUTES AND ALL THE MATERIAL FOR BUILDING-TRO;
MANUFACTURE OF TOOLS AND PRODUCTS FOR THE WORK FROM THE STONE AND RELATED
MATERIALS AND SUBSTITUTES (FROM 28/12/1989) ELECTRONIC COMMERCE IN PARTS OF
MACHINERY, PLANT AND INDUSTRIAL PRODUCTION TTREZZATURE OWN (FROM 23/07/2008)) |
|
Company Purpose |
LA SOCIETA' HA PER OGGETTO LE SEGUENTI ATTIVITA': A) - LA
PROGETTAZIONE, LA COSTRUZIONE, IL COMMERCIO ED IL MONTAGGIO DI MACCHINE,
IMPIANTI, APPARECCHIATURE E COMPONENTI ACCESSORI PER L'INDUSTRIA IN GENERE (THE COMPANY
'DEALS WITH THE FOLLOWING ACTIVITIES': A) -
THE DESIGN, CONSTRUCTION, INSTALLATION AND TRADE
OF MACHINERY, PLANT, EQUIPMENT AND COMPONENTS
FOR INDUSTRY IN
GENERAL ACCESSORIES) |
|
Ateco Code |
28.49.09 |
|
Ateco Description |
FABBRICAZIONE DI ALTRE MACCHINE UTENSILI (INCLUSE PARTI E ACCESSORI)
NCA (manufacture of other machine tools (including parts and accessories) nca) |
|
SAE Code |
430 |
|
RAE Code |
322 |
|
Number of Employees |
497 |
|
Paid up share capital |
20.000.000 (EURO) |
|
Date of Latest Accounts |
31-12-2010 |
|
|
|
|
Key Financial Items |
|
|
Turnover |
102.528.132 |
|
Profit & Loss |
1.861.944 |
|
Shareholders Equity |
82.243.890 |
|
Fixed Assets |
76.675.321 |
Balance Sheet
(Assets)
|
Date |
31-12-2010 |
31-12-2009 |
31-12-2008 |
|
DUE FROM
SHAREHOLDERS FOR SUBSCRIBED SHARE CAPITAL UNPAID |
0 |
0 |
0 |
|
Total Fixed
Assets |
76.675.321 |
61.506.650 |
51.486.177 |
|
- Intangible assets |
576.497 |
652.049 |
890.350 |
|
- Tangible assets |
74.654.299 |
59.424.237 |
48.930.321 |
|
- - Land and Buildings |
42.026.376 |
42.631.799 |
36.846.514 |
|
- Financial assets |
1.444.525 |
1.430.364 |
1.665.506 |
|
- - Amounts owed by assoc./affiliated co.s |
0 |
0 |
0 |
|
- - Holdings |
16.335 |
1.020 |
1.020 |
|
- - Treasury stocks |
0 |
0 |
0 |
|
|
|
|
|
|
Total Current
Assets |
144.646.019 |
154.088.307 |
137.634.886 |
|
- Stocks |
25.328.458 |
26.886.279 |
34.447.596 |
|
- - Semi-finished products & Raw
materials |
13.691.581 |
13.974.390 |
16.366.242 |
|
- - Work-in-progress |
|
|
|
|
- Credits |
39.648.573 |
32.128.654 |
31.991.364 |
|
- - Short-term debtors |
37.771.160 |
30.314.203 |
27.922.161 |
|
- - Trade debtors |
23.549.431 |
16.964.064 |
21.180.189 |
|
- - Short-term trade debtors |
22.007.804 |
15.424.304 |
17.532.254 |
|
- Financial assets |
16.051.088 |
13.045.701 |
21.215.701 |
|
- - Treasury stocks |
0 |
0 |
0 |
|
- Cash and bank |
63.617.900 |
82.027.673 |
49.980.225 |
|
Prepayments
& Accrued Income |
617.127 |
552.694 |
220.537 |
|
Total Assets |
221.938.467 |
216.147.651 |
189.341.600 |
Liabilities
|
SHAREHOLDERS' EQUITY |
82.243.890 |
80.381.946 |
75.691.128 |
|
- Share capital |
20.000.000 |
20.000.000 |
20.000.000 |
|
- Share premium reserve |
0 |
0 |
0 |
|
- Revaluation reserve |
28.899.289 |
28.899.289 |
28.899.289 |
|
PROVISIONS FOR RISKS & CHARGES |
6.688.236 |
6.948.804 |
7.207.069 |
|
- Provisions for taxation |
4.481.505 |
4.816.040 |
5.143.516 |
|
PROVISION FOR SEVERANCE INDEMNITY |
5.426.634 |
5.593.976 |
6.613.761 |
|
CREDITORS |
127.020.139 |
122.751.893 |
99.256.852 |
|
- Short-term creditors |
80.174.194 |
73.628.670 |
91.882.321 |
|
- Trade creditors |
47.955.494 |
37.226.281 |
50.418.882 |
|
- Amounts due to banks - short term |
46.845.945 |
49.123.223 |
7.374.531 |
|
- Amounts due to banks - medium/long-term |
8.730.637 |
9.014.560 |
10.001.146 |
|
- Accrued expenses and deferred income |
|
|
|
|
PREPAYMENTS & ACCRUED INCOME |
559.568 |
471.032 |
572.790 |
|
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY |
221.938.467 |
216.147.651 |
189.341.600 |
|
MEMORANDUM ACCOUNTS |
20.379.923 |
20.923.106 |
20.989.504 |
|
ACCUMULATED DEPRECIATION OF TANGIBLE ASSETS |
45.328.297 |
|
|
Profit & Loss
|
PRODUCTION VALUE
|
111.485.220 |
95.037.348 |
157.080.458 |
|
- Revenues |
102.528.132 |
95.210.721 |
153.189.372 |
|
- TOTAL CHANGES |
-282.809 |
-2.391.852 |
2.663.576 |
|
- Change in stocks of finished goods &
work in progress |
|
|
|
|
- Change in stocks of finished goods &
work in progress |
-282.809 |
-2.391.852 |
2.663.576 |
|
- Other revenues |
1.164.256 |
1.807.824 |
1.227.510 |
|
PRODUCTION COSTS
|
110.413.535 |
90.050.781 |
155.466.563 |
|
- Purchase of raw materials & goods |
54.048.040 |
35.716.133 |
88.426.732 |
|
- Change in materials |
50.473 |
2.683.849 |
523.327 |
|
CONSUMPTION OF
MATERIALS |
54.098.513 |
38.399.982 |
88.950.059 |
|
OVERHEADS |
24.210.641 |
21.458.374 |
32.734.533 |
|
- Provisions for risks & other |
- |
- |
- |
|
VALUE ADDED |
33.176.066 |
35.178.992 |
35.395.866 |
|
STAFF COST |
25.080.468 |
24.195.436 |
26.941.241 |
|
- Provision for severance indemnity |
1.162.204 |
1.141.697 |
1.232.953 |
|
G.O.M. |
6.931.342 |
9.175.732 |
7.227.115 |
|
AMORT./DEPREC/WRITED.
OF FIXED ASSETS |
6.121.421 |
5.153.688 |
5.348.042 |
|
- Amortisation / depreciation / writedowns
|
5.106.812 |
4.878.335 |
5.061.652 |
|
- Amortisation of intangible assets |
466.069 |
566.215 |
2.117.719 |
|
- Depreciation of tangible assets |
4.640.743 |
4.312.120 |
2.943.933 |
|
PROFIT / (LOSS)
FROM ORDINARY OPERATING ACTIVITIES |
809.921 |
4.022.044 |
1.879.073 |
|
OTHER INCOME /
CHARGES |
1.662.297 |
2.933.227 |
5.703.461 |
|
- Interest receivable & similar income
|
1.688.465 |
2.374.125 |
5.721.120 |
|
OPERATING PROFIT
/ (LOSS) |
2.472.218 |
6.955.271 |
7.582.534 |
|
FINANCIAL
CHARGES |
1.384.790 |
1.771.045 |
2.558.987 |
|
PROFIT / (LOSS)
BEFORE EXTRAORDINARY OP.S |
1.087.428 |
5.184.226 |
5.023.547 |
|
ADJUSTMENTS TO
VALUE OF FINANCIAL ASSETS (+-) |
- |
- |
- |
|
EXTRAORDINARY
INCOME/CHARGES (+-) |
1.341.613 |
118.232 |
-603.627 |
|
PROFIT / (LOSS)
BEFORE TAXATION |
2.429.041 |
5.302.458 |
4.419.920 |
|
TAXATION |
567.097 |
611.640 |
1.794.703 |
|
PROFIT (LOSS)
FOR THE PERIOD |
1.861.944 |
4.690.818 |
2.625.217 |
|
CASH FLOW |
7.983.365 |
9.844.506 |
7.973.259 |
|
EMPLOYEES |
465,03 |
490 |
518,43 |
Ratios
|
Date |
2010 |
2009 |
2008 |
|
Returns Ratios |
|||
|
R.O.E. (Return On Equity) |
2.26 |
5.84 |
3.47 |
|
R.O.I. (Return On Investment) |
0.37 |
1.86 |
0.99 |
|
R.O.S. (Return On Sales) |
1.05 |
5.24 |
1.05 |
|
R.O.A. (Return On Assests) |
0.48 |
2.31 |
0.85 |
|
G.O.M on Returns |
6.76 |
9.64 |
4.72 |
|
Turnover Ratio |
|||
|
Invested Capital Turnover |
46.2 |
44.05 |
80.91 |
|
Current Assets Turnover |
70.88 |
61.79 |
111.3 |
|
Warehouse Turnover |
404.79 |
354.12 |
444.7 |
|
Equity and
Financial Ratios |
|||
|
Fixed Assets Cover |
107.26 |
130.69 |
147.01 |
|
Banks on Current Assets |
38.42 |
37.73 |
12.62 |
|
Short-term Banks on Current Assets |
6.04 |
5.85 |
7.27 |
|
Gearing |
62.94 |
62.81 |
60.02 |
|
Shareholders' Equity / Invested Capital |
37.06 |
37.19 |
39.98 |
|
Financial Charges on Turnover |
1.35 |
1.86 |
1.67 |
|
Financial Charges on G.O.M. |
19.98 |
19.3 |
35.41 |
|
Productivity
Ratios |
|||
|
Turnover per Employee |
220476.38 |
194307.59 |
295487.09 |
|
Operating Value Added per Employee |
71341.78 |
71793.86 |
68275.11 |
|
Labour Cost per Employee |
53933.01 |
49378.44 |
51966.98 |
|
Labour Cost on Turnover |
24.46 |
25.41 |
17.59 |
|
Value Added on Turnover |
32.36 |
36.95 |
23.11 |
|
Liquidity Ratios
|
|||
|
Current Ratio |
177.6 |
206.24 |
144.7 |
|
Acid-Test Ratio |
146.23 |
169.96 |
107.45 |
|
Days of Credit to Customers or Duration of Amounts owed by Customers |
82.69 |
64.14 |
49.77 |
|
Days of Credit from Suppliers or Duration of Amounts owed to Suppliers
|
220.6 |
234.4 |
149.81 |
|
Days of Stocks or Duration of Stocks |
88.93 |
101.66 |
80.95 |
|
Rate of intensity of Current Assets |
139.85 |
160.51 |
87.33 |
|
Incidence Ratios
for Cost |
|||
|
Consumption of Materials on Costs |
49 |
42.64 |
57.22 |
|
External Costs on Costs |
70.92 |
66.47 |
78.27 |
|
Labour Costs on Costs |
22.72 |
26.87 |
17.33 |
|
Depreciation and Devaluation on Costs |
5.54 |
5.72 |
3.44 |
IVS & Protest Graphics
|
Entity |
IVS Indicator |
Arches Parameter |
|
BRETON S.P.A. |
6 / 6 |
0 |
|
TONCELLI LUCA (Director) |
6 / 6 |
0 |
|
CHIAVACCI ROBERTO (Director) |
6 / 6 |
0 |
|
TONCELLI DARIO (Director) |
6 / 6 |
0 |
Industry Risk Indicator
|
Industry Risk Score |
2 / 5 - Moderate risk |
Protested Bills
|
Body |
Don't Exist |
Possible Match |
Exact Match |
|
BRETON S.P.A. |
|
|
|
|
|
|||
|
LUCA TONCELLI (executive) |
|
|
|
|
|
|||
|
ROBERTO CHIAVACCI (executive) |
|
|
|
|
|
|||
|
DARIO TONCELLI (executive) |
|
|
|
Directors Information
|
Power of Statute (board) |
LA GESTIONE DELL'IMPRESA SOCIALE SPETTA ESCLUSIVAMENTE AGLI AMMINISTRATORI, I QUALI COMPIONO TUTTE LE OPERAZIONI NECESSARIE PER IL RAGGIUNGIMENTO DELL'OGGETTO SOCIALE ESSENDO DOTATI DI OGNI POTERE PE... (THE SOCIAL ENTERPRISE MANAGEMENT IT IS ONLY TO DIRECTORS, WHICH ALL OPERATIONS REQUIRED TO PERFORM achieve the corporate IT IS EQUIPPED WITH ALL POWER EP) |
|
Type |
Executive |
|
Forename |
LUCA |
|
Surname |
TONCELLI |
|
Date of Birth |
30-7-1958 |
|
Gender |
Male |
|
Place of Birth |
BASSANO DEL GRAPPA (VI) |
|
Resident Address |
VLE ASIAGO , 34 36061 - BASSANO DEL GRAPPA
(VI) |
|
Director Fiscal Code |
TNCLCU58L30A703R |
|
BOARD OF DIRECTORS PRESIDENT since |
5-5-2009 |
|
COUNCILLOR since |
5-5-2009 |
|
MANAGING DIRECTOR since |
5-5-2009 |
|
|
|
|
Type |
Executive |
|
Forename |
ROBERTO |
|
Surname |
CHIAVACCI |
|
Date of Birth |
9-2-1938 |
|
Gender |
Male |
|
Place of Birth |
CASTELFRANCO VENETO (TV) |
|
Resident Address |
VIA BORGO PIEVE , 17 31033 - CASTELFRANCO VENETO
(TV) |
|
Director Fiscal Code |
CHVRRT38B09C111B |
|
BOARD OF DIRECTORS VICE PRESIDENT since |
5-5-2009 |
|
COUNCILLOR since |
5-5-2009 |
|
MANAGING DIRECTOR since |
5-5-2009 |
|
|
|
|
Type |
Executive |
|
Forename |
DARIO |
|
Surname |
TONCELLI |
|
Date of Birth |
10-8-1960 |
|
Gender |
Male |
|
Place of Birth |
BASSANO DEL GRAPPA (VI) |
|
Resident Address |
VIA SAN PANCRAZIO , 3 36061 - BASSANO DEL GRAPPA
(VI) |
|
Director Fiscal Code |
TNCDRA60M10A703Y |
|
COUNCILLOR since |
5-5-2009 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.87 |
|
UK Pound |
1 |
Rs.78.11 |
|
Euro |
1 |
Rs.68.36 |
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.