MIRA INFORM REPORT
|
Report Date : |
13.12.2014 |
IDENTIFICATION DETAILS
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Name : |
ING. BONFIGLIOLI S.P.A. |
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Registered Office : |
Via S. Andrea, 11 40050 - Castello d'Argile (BO) -IT- |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
29.11.1988 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
·
Manufacture of lifting and handling equipment ·
Manufacture of cranes, capstans, manual and motor
monkey winches, transporter trollies, lifting trucks and revolving platforms |
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No of Employees : |
From 111 to 130 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
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Source
: CIA |
Company name & address
ING. BONFIGLIOLI S.P.A.
Via S.
Andrea, 11
40050 - Castello d'Argile (BO) -IT-
Summary
|
Fiscal Code |
: |
03693640371 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
29/11/1988 |
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Equity |
: |
2.500.000 |
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|
: |
25.000.000/35.000.000 |
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Number of Employees |
: |
from 111 to 130 |
Activity
Manufacture of lifting and handling equipment
Manufacture of cranes, capstans, manual and motor monkey winches,
transporter trollies, lifting trucks and revolving platforms
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 03693640371 |
|
Foreign Trade Reg. no. : BO001710 since 05/12/1991 |
|
Foreign Trade Reg. no. : 1710 of |
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Chamber of Commerce no. : 309745 of |
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Chamber of Commerce no. : 246456 of |
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Firms' Register : BO006-47200 of |
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V.A.T. Code : 00651101206 |
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Tribunal Co. Register : 47200 of since 13/07/1987 |
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Foundation date |
: 01/01/1987 |
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Establishment date |
: 15/05/1987 |
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Start of Activities |
: 29/11/1988 |
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|
Legal duration |
: 31/12/2100 |
|
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Nominal Capital |
: 516.000 |
|
|
Subscribed Capital |
: 516.000 |
|
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Paid up Capital |
: 516.000 |
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Members
|
|
Bonfiglioli |
Giancarlo |
|
|
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Born in Cento |
(FE) |
on 18/08/1939 |
- Fiscal Code : BNFGCR39M18C469Q |
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|
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Residence: |
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Sant'andrea |
, 11/2 |
- 40050 |
Castello d'Argile |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2013 |
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|
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Board Chairman |
30/04/2013 |
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No Prejudicial events are reported |
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No Protests registered |
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Bonfiglioli |
Cesare |
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|
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Born in |
(MO) |
on 20/10/1967 |
- Fiscal Code : BNFCSR67R20F257S |
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Residence: |
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S.andrea |
, 11 |
- 40050 |
Castello d'Argile |
(BO) |
- IT - |
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Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2013 |
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|
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Assistant board Chairman |
30/04/2013 |
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No Prejudicial events are reported |
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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.
|
|
Bonfiglioli |
Giancarlo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
S.andrea S.r.l. |
|
02084270376 |
Sole Director |
Active |
Registered |
|
KING S.R.L. |
|
03470920376 |
Sole Director |
Withdrawn |
Registered |
|
KING S.R.L. |
|
03470920376 |
Liquidator |
Withdrawn |
Registered |
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Esperia S.a.s. Dell'ing. Giancarlo Bonfiglioli E C. |
|
03995630377 |
General Partner |
Active |
Registered |
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Domus S.a.s. Di Gianluca Arena E C. |
|
03534520378 |
General Partner |
Withdrawn |
Registered |
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San Benedetto S.p.a. |
|
03865820371 |
Sole Director |
Active |
Registered |
|
San Benedetto S.p.a. |
|
03865820371 |
General Partner |
Withdrawn |
Registered |
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Tre Erre S.a.s. Dell'ing. Giancarlo Bonfiglioli E C. |
|
03940630373 |
General Partner |
Active |
Registered |
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WASP S.R.L. |
|
04086760370 |
Sole Director |
Withdrawn |
Registered |
|
ACHA S.R.L. |
- - |
04136310374 |
Director |
Active |
Registered |
|
OLEODINAMICA BONFIGLIOLI DI G. BONFIGLIOLI |
Castello d'Argile (BO) - IT - |
BNFGCR39M18C469Q |
Proprietor |
Withdrawn |
Registered |
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IMMOBILIARE CINQUERRE SOCIETA PER AZIONI |
|
01095130371 |
Sole Director |
Withdrawn |
Registered |
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La Torre S.r.l. |
|
02401411208 |
Sole Director |
Active |
Registered |
|
Castello Pepoli S.p.a. |
|
02417061203 |
Sole Director |
Active |
Registered |
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Bonfiglioli |
Cesare |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Societa' Agricola Corte De' Gozzadini S.r.l. |
|
03982360376 |
Sole Director |
Active |
Registered |
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Esperia S.a.s. Dell'ing. Giancarlo Bonfiglioli E C. |
Bologna (BO) - IT - |
03995630377 |
Limited Partner |
Active |
Registered |
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Tre Erre S.a.s. Dell'ing. Giancarlo Bonfiglioli E C. |
Bologna (BO) - IT - |
03940630373 |
Limited Partner |
Active |
Registered |
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Azienda Agricola Cesare Bonfiglioli |
Castello d'Argile (BO) - IT - |
BNFCSR67R20F257S |
Proprietor |
Active |
Registered |
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AURORA S.A.S. DI ROSANNA GUALANDI E C. |
Bologna (BO) - IT - |
04015400379 |
Limited Partner |
Withdrawn |
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 |
|
Bonfiglioli Giancarlo |
Castello d'Argile - IT - |
BNFGCR39M18C469Q |
258.000 .Eur |
50,00 |
|
Bonfiglioli Cesare |
Castello d'Argile - IT - |
BNFCSR67R20F257S |
258.000 .Eur |
50,00 |
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 |
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since 15/05/1987 |
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S. Andrea |
, 11 |
- 40050 |
- Castello d'Argile |
(BO) |
- IT - |
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PHONE |
: 0516867214 |
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PHONE |
: 0516867097 |
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PHONE |
: 051686724 |
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FAX |
: 0516867222 |
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- |
Branch |
(Warehouse) |
since 01/04/1992 |
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Suore |
- 40050 |
- Castello d'Argile |
(BO) |
- IT - |
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PHONE |
: 0516867214 |
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- |
Branch |
(Warehouse) |
since 01/04/2000 |
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Muzza Nord |
, SNC |
- 40014 |
- Crevalcore |
(BO) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/02/2006 |
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La Torre |
- 06059 |
- Todi |
(PG) |
- IT - |
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Employees |
: 130 |
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Fittings and Equipment for a value of 210.000 |
Eur |
|
Stocks for a value of 18.640.000 |
Eur |
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|
The firm operates abroad as exporter..
Export represents up to 20% of the global turnover.
Products abroad are placed by :
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- importers |
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- its own agents |
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- direct orders from foreign companies |
Export is mainly towards:
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- Italy |
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- France |
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- Austria |
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- Belgium |
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- Great Britain |
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- Greece |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited liability company |
Joint stock company |
20/10/1989 |
EX-MEMBERS / EX-POSITIONS:
|
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Bonfiglioli |
Giancarlo |
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|
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Born in Cento |
(FE) |
on 18/08/1939 |
- Fiscal Code : BNFGCR39M18C469Q |
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Residence: |
|
Sant'andrea |
, 11/2 |
- 40050 |
Castello d'Argile |
(BO) |
- IT - |
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Ex-Postions |
|
Sole Director |
|
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Petrolati |
Alberto |
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Born in Rocca di Papa |
(RM) |
on 01/09/1940 |
- Fiscal Code : PTRLRT40P01H404B |
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|
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Residence: |
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Mazzini |
, 7 |
- 40100 |
Bologna |
(BO) |
- IT - |
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Ex-Postions |
|
Permanent Auditor |
|
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Righetti |
Andrea |
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|
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Born in Bologna |
(BO) |
on 02/05/1955 |
- Fiscal Code : RGHNDR55E02A944E |
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Residence: |
|
Minghetti |
, 1 |
- 40100 |
Bologna |
(BO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
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Gottardi |
Massimiliano |
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|
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Born in Bologna |
(BO) |
on 03/06/1966 |
- Fiscal Code : GTTMSM66H03A944H |
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Residence: |
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Cesare Battisti |
, 3 |
- 40123 |
Bologna |
(BO) |
- IT - |
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Ex-Postions |
|
Temporary Auditor |
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Casanova |
Antonio |
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Born in Cento |
(FE) |
on 13/06/1927 |
- Fiscal Code : CSNNTN27H13C469C |
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|
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Residence: |
|
Donati |
, 3 |
- 44042 |
Cento |
(FE) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
Protests
Protests checking on the subject firm has given a negative result.
Data Base Prejudicial Events Search
Search performed on a National Scale
|
|
|
Prejudicial Events Search Result: |
Distraint on 16/02/2007.
|
DOLGETTA RAFFAELE |
Search performed on a specialized data base.
Legal Procedures
None reported, standing to the latest received edition of the Official
Publications.
Financial and Economical Analysis
Subject is active since 1988
The analysis is based on the latest 3 balance sheets.
Under the financial profile unstable results are noted. with a negative
economic result in the last financial year. The turnover is falling if compared
with the previous financial year (eamp;FAT1eamp;%).
The operating result is negative.
the operating loss amounts to Eur. -627.606.
The gross operating margin for the fiscal year 2013 is negative, for an
amount of Eur. -462.168.
Short-term debts volume if compared to net worth, as it comes out from
the total indebtedness (12,16) which is rising compared to 2012.
With regard to equity capital, an amount of Eur. 2.443.311 is
registered. showing a -44,61% drop.
Total debts recorded amounted to Eur. 33.489.516 (Eur. 3.436.257 of
which were m/l term debts) increasing if compared to the previous year, during
which they were equal to Eur. 27.074.122 (23,69%).
Debt/equity ratio is high and the recourse to commercial borrowings is
substantial and higher than sector's average.
Neverthless available funds are good.
Accounts receivable average term is high (195,31 days). besides being
higher than the sector's average.
(Eur. -1.802.970) is the negative value of the cash flow.
Labour cost expenses amount to Eur. 4.172.681 , representing 14,02% on
the total of production costs. , whereas the incidence of such costs on sales
revenues is equal to 16,39%.
The financial management is marked by a high incidence of financial
charges in relation to sales revenues (-3,19%).
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
25.458.375 |
|
Profit (Loss) for the period |
-1.968.408 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
37.835.720 |
|
Profit (Loss) for the period |
85.154 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
40.125.753 |
|
Profit (Loss) for the period |
246.234 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
36.529.234 |
|
Profit (Loss) for the period |
257.638 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
29.746.639 |
|
Profit (Loss) for the period |
25.974 |
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 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
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RATIOS |
Value Type |
as at 31/12/2013 |
as at 31/12/2012 |
as at 31/12/2011 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,05 |
0,04 |
0,05 |
0,18 |
|
Elasticity Ratio |
Units |
0,94 |
0,93 |
0,93 |
0,79 |
|
Availability of stock |
Units |
0,51 |
0,49 |
0,42 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,43 |
0,45 |
0,50 |
0,52 |
|
Quick Ratio |
Units |
0,01 |
0,00 |
0,03 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
12,16 |
5,11 |
5,34 |
3,01 |
|
Self Financing Ratio |
Units |
0,07 |
0,13 |
0,13 |
0,19 |
|
Capital protection Ratio |
Units |
1,59 |
0,86 |
0,82 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,13 |
0,21 |
0,14 |
0,16 |
|
Financing |
Units |
13,71 |
6,14 |
6,19 |
3,56 |
|
Permanent Indebtedness Ratio |
Units |
0,17 |
0,28 |
0,23 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,10 |
0,15 |
0,10 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
7,25 |
3,27 |
2,40 |
0,69 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
3,70 |
6,67 |
4,98 |
1,65 |
|
Current ratio |
Units |
1,15 |
1,35 |
1,26 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,53 |
0,65 |
0,69 |
0,86 |
|
Structure's primary quotient |
Units |
1,44 |
3,18 |
2,83 |
1,02 |
|
Treasury's primary quotient |
Units |
0,01 |
0,00 |
0,04 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
1508,41 |
741,90 |
754,07 |
509,92 |
|
Current Capital ( net ) |
Value |
4.554.415 |
7.891.082 |
6.324.372 |
330.495 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
-7,08 |
1,02 |
1,18 |
3,79 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-80,56 |
1,93 |
5,69 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-71,67 |
9,41 |
16,41 |
18,82 |
|
Return on Investment ( R.O.I. ) |
% |
-1,70 |
2,89 |
3,76 |
4,89 |
|
Return/ Sales |
% |
-2,47 |
2,50 |
3,05 |
4,78 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
9,01 |
20,09 |
29,96 |
|
Cash Flow |
Value |
-1.802.970 |
384.398 |
475.165 |
165.166 |
|
Operating Profit |
Value |
-627.606 |
945.422 |
1.225.761 |
225.594 |
|
Gross Operating Margin |
Value |
-462.168 |
1.244.666 |
1.454.692 |
376.080 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
195,31 |
110,34 |
114,30 |
111,07 |
|
Debts to suppliers average term |
Days |
190,59 |
117,39 |
127,16 |
127,44 |
|
Average stock waiting period |
Days |
263,61 |
151,19 |
124,40 |
62,88 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,69 |
1,16 |
1,23 |
1,10 |
|
Rate of stock return |
Units |
1,37 |
2,38 |
2,89 |
5,58 |
|
Labour cost incidence |
% |
16,39 |
11,17 |
9,84 |
18,94 |
|
Net financial revenues/ charges incidence |
% |
-3,19 |
-1,40 |
-1,29 |
-1,15 |
|
Labour cost on purchasing expenses |
% |
14,02 |
10,56 |
9,29 |
18,99 |
|
Short-term financing charges |
% |
3,56 |
3,71 |
3,46 |
2,55 |
|
Capital on hand |
% |
144,77 |
86,51 |
81,31 |
90,89 |
|
Sales pro employee |
Value |
195.833 |
286.634 |
668.762 |
199.007 |
|
Labour cost pro employee |
Value |
32.097 |
32.010 |
65.816 |
34.820 |
Remarks
1) Protests checking (relative to the last five years) performed by crossing
and matching the members names and the Firm's Style with the reported
addresses, is supplied by the Informatic Registry managed by the Italian
Chamber of Commerce. If the fiscal code is not indicated, the eventual
homonymous cases are submitted to expert staff evaluation in order to limit
wrong matching risks.
2) The Legal Data, supplied and retrived from the Firm's Registry of the
Italian Chamber of Commerce, are in line with the last registered
modifications.
3) Risk evaluation and Credit Opinion have been performed on the base of
the actual data at the moment of their availability.
Market / Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector Data
The values are calculated on a base of 1.964 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 127 dd.
The sector's profitability is on an average of 3,79%.
The labour cost affects the turnover in the measure of 18,94%.
Goods are held in stock in a range of 63 dd.
The difference between the sales volume and the resources used to
realize it is about 1,10.
The employees costs represent the 18,99% of the production costs.
Statistical Detrimental Data
Statistcally the trade activity shows periods of crisis.
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.62.44 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.