MIRA INFORM REPORT

 

 

Report Date :

03.03.2012

 

IDENTIFICATION DETAILS

 

Name :

BERNARDI GROUP SPA

 

 

Registered Office :

VIa delle Industrie 1 Ronchis, 33050

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

15.06.1987

 

 

Com. Reg. No.:

00636420226

 

 

Legal Form :

Public Parent

 

 

Line of Business :

Retail sale of clothing

 

 

No. of Employees :

791

 

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

Payment Behaviour :

No Complaints

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 30, 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

 

Top of Form

Bottom of Form


Top of Form

Company name and address

Bernardi Group SpA

                                                                                                                                                   

 

VIa delle Industrie 1

 

 

Ronchis, 33050

Italy

 

Tel:

39 (0431) 568111

Fax:

+39 0431 567066

 

www.bernardi.net

 

Employees:

791

Company Type:

Public Parent

Corporate Family:

2 Companies

 

 

Incorporation Date:

15-Jun-1987

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Dec-2010

Reporting Currency:

Euro

Annual Sales:

137.2

Total Assets:

87.8

                                      

Business Description       

 

Bernardi Group SpA is primarily engaged in retail sale of adults’ fur and leather clothing; retail sale of children’s and infants’ clothing; retail sale of other women’s clothing; and retail sale of footwear and leather goods.

          

Industry                                                                                                                               

 

Industry

Retail (Apparel)

ANZSIC 2006:

4251 - Clothing Retailing

NACE 2002:

5242 - Retail sale of clothing

NAICS 2002:

448140 - Family Clothing Stores

UK SIC 2003:

5242 - Retail sale of clothing

US SIC 1987:

5651 - Family Clothing Stores

                      

Key Executives           

   

 

Name

Title

Giovanni Nistri

President

Diego Di Tommaso

Vice president

Silvia Di Tommaso

Managing director

 

 

Corporate Overview

 

Location
VIa delle Industrie 1
Ronchis, 33050
Italy

 

Tel:

39 (0431) 568111

Fax:

+39 0431 567066

 

www.bernardi.net

Sales EUR(mil):

137.2

Assets EUR(mil):

87.8

Employees:

791

Fiscal Year End:

31-Dec-2010

 

Industry:

Retail (Apparel)

Incorporation Date:

15-Jun-1987

Company Type:

Public Parent

Quoted Status:

Not Quoted

Previous Name:

Bernardi SpA

Registered No.(ITA):

00636420226

 

Managing director:

Silvia Di Tommaso

Contents

Industry Codes

Business Description

Financial Data

Subsidiaries

Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

3712

-

Clothing and Footwear Wholesaling

4251

-

Clothing Retailing

 

NACE 2002 Codes:

5242

-

Retail sale of clothing

5142

-

Wholesale of clothing and footwear

 

NAICS 2002 Codes:

424320

-

Men's and Boys' Clothing and Furnishings Merchant Wholesalers

448140

-

Family Clothing Stores

424330

-

Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers

 

US SIC 1987:

5136

-

Men's and Boy's Clothing and Furnishings

5651

-

Family Clothing Stores

5137

-

Women's, Children's, and Infants' Clothing and Accessories

 

UK SIC 2003:

5142

-

Wholesale of clothing and footwear

5242

-

Retail sale of clothing

 

 

Business Description

Wholesale and retail trade in clothing

 

 

More Business Descriptions

Bernardi Group SpA is primarily engaged in retail sale of adults’ fur and leather clothing; retail sale of children’s and infants’ clothing; retail sale of other women’s clothing; and retail sale of footwear and leather goods.

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

137.2

Assets:

87.8

Current Assets:

58.0

 

Total Liabilities:

87.8

 

Net Worth:

29.3

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

8.4%

NA

 

 

Subsidiaries

Company

Percentage Owned

Country

Go Kids SRL

 

 

Ingrosso B SRL

 

 

Samos Immobiliare SRL

 

 

Tinos Immobiliare SRL

 

 

Postalmarket SpA

 

 

 

 

 

 

 

Key Corporate Relationships

Bank:

Banca di Cividale, UniCredit Banca

 

 

 

 

 

 

 

 

 

 

 

Corporate Structure News

 

Bernardi Group SpA
Total Corporate Family Members: 2

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
( mil)

Employees

Bernardi Group SpA

Parent

Ronchis, UD

Italy

Retail (Apparel)

137.2

791

Go Kids SRL

Subsidiary

Ronchis, Udine

Italy

Retail (Apparel)

12.6

57

 

 

 

 

Executives Report

 

 

Executives

 

Name

Title

Function

Giovanni Nistri

 

President

President

Silvia Di Tommaso

 

Managing director

Managing Director

Diego Di Tommaso

 

Vice president

Other

 

 

Annual Profit & Loss

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

1

1

1

Consolidated

No

No

No

 

 

 

 

Total income

140.1

132.4

140.5

Net sales

137.2

126.6

138.6

Other operating income

3.0

5.8

1.8

Raw materials and consumables employed

71.7

69.2

80.2

Other expenses

39.2

33.4

34.1

Total payroll costs

25.4

26.3

28.5

Fixed asset depreciation and amortisation

7.1

7.7

7.9

Other operating costs

1.3

1.3

2.1

Net operating income

-4.6

-5.4

-12.3

Total financial income

0.3

0.1

0.2

Total expenses

0.4

0.7

1.3

Profit before tax

-4.7

-6.0

-13.4

Extraordinary result

0.0

-0.3

-0.5

Profit after extraordinary items and before tax

-4.7

-6.4

-13.8

Total taxation

0.3

-0.9

-2.8

Net loss

4.9

5.5

11.1

 

 

 

Annual Balance Sheet

Financials in: EUR (mil)

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

1

1

1

Consolidated

No

No

No

 

 

 

 

Total stockholders equity

29.3

34.2

29.7

Provision for risks

0.5

0.7

0.6

Provision for pensions

5.3

5.3

5.6

Mortgages and loans

-

-

0.5

Trade creditors

36.4

21.1

26.8

Bank loans and overdrafts

2.6

0.6

2.1

Other current liabilities

12.4

21.0

19.8

Accruals and deferred income

1.3

0.9

1.0

Total current liabilities

52.7

43.6

49.7

Total liabilities (including net worth)

87.8

83.8

86.2

Intangibles

4.7

7.4

7.6

Buildings

2.1

2.2

2.4

Total tangible fixed assets

13.3

15.5

18.5

Long-term investments

10.7

10.8

10.0

Total financial assets

10.7

10.8

10.0

Receivables due after 1 year

1.2

0.8

1.1

Total non-current assets

29.9

34.5

37.3

Finished goods

33.3

28.5

28.6

Net stocks and work in progress

33.7

28.5

28.6

Trade debtors

2.8

4.9

2.1

Other receivables

11.8

9.5

11.4

Cash and liquid assets

8.8

5.3

5.7

Accruals

0.9

1.1

1.1

Total current assets

58.0

49.3

48.9

Total assets

87.8

83.8

86.2

 

 

 

Annual Ratios

Financials in: EUR (mil)

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

1

1

1

Consolidated

No

No

No

 

 

 

 

Current ratio

1.10

1.10

1.00

Quick ratio

0.50

0.50

0.40

Current liabilities to net worth

0.02%

0.01%

0.02%

Sales per employee

0.12

0.13

0.13

Profit per employee

0.00

-0.01

-0.01

Average wage per employee

0.02

0.03

0.03

Net worth

29.3

34.2

29.7

Number of employees

1,131

1,005

1,015

 

Bottom of Form

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.35

UK Pound

1

Rs.78.68

Euro

1

Rs.65.63

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.