MIRA
INFORM REPORT
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Report Date : |
06.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
NOYFIL SA |
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Registered Office : |
Via Gaggiolo 31 Postfach 51 6855 Stabio/TI |
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Country : |
Switzerland |
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Date of Incorporation : |
10.04.1970 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Fabrication of Synthetic Fibres |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR
500.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of the company
Noyfil SA
Line of Business
Textilien
Legal domicile
6855 Stabio/TI
Business
address:
Via Gaggiolo 31
Postfach 51
6855 Stabio/TI
Switzerland
Telephone: 091
6416141
Fax: 091
6472806
Mobile phone: 079 4136683
Homepage: www.noyfil.ch
E-Mail: info.noyfilsvizzera@radicigroup.com
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Overall Assessment:
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Business connections are
permissible. |
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Detail
Assessment: |
payments: |
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No complaints |
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individual
credit limit*: |
EUR 500.000,-- |
This credit advice is based on information
available at the time of conducting the research, being the above indicated
date.
All amounts in this report are given in Swiss
Francs (CHF) unless otherwise stated.
GENERAL COMPANY DATA
OFFICIAL DATA:
Legal form: Joint stock company
Registration: 10-04-1970
First Publication: 27-04-1970
Last Publication: 13-08-2007
Share capital: 12.000.000
Paid up: 12.000.000
Divided into: 12.000
Bearer shares of 1.000
History: 26-06-1996 12.000.000 Capital increase
100.000 Capital by
incorporation
3.000.000 Capital
by incorporation
Direct
Parent com.: Pietro Radici Tessitura S.p.A., Leffe
(Bergamo), Italy/IT with a share of 100.
Registered
domicile 16-10-1975, 6855 Stabio/TI
10-04-1970, 6830 Chiasso/TI
ACTIVITY
Line of business: Fabrication, trading of synthetic fibres
Sector:
Manufacture/Wholesale
Activity:
The company is involved in the fabrication of
synthetic fibres. Noyfil
operates the following business units:
Chemicals, Plastics, Fibres,
Apparel and Power.
Marks,
Production: STARLIGHT
Noyfil SA has more than 48 production sites
and offices worldwide.
Trading
area: Foreign/Abroad
Import/Export:
The company is active in Export, but not in Import.
Export: 99% of total turnover
France, Germany, Austria, Canada,
America, Europe
EMPLOYEES
Number of employees: 180
The group employs 4,000 people, of whom:
- 2,000 in Italy
- 1,000 in Europe (excluding Italy)
- 1,000 worldwide
PAYMENT AND FINANCIAL DATA
PAYMENT
EXPERIENCES:
Legal actions: Information only available against proof of interest with a
valid signature.
There are no complaints about the mode of
payment and business conduct.
FINANCIAL
DATA:
Financial
position: The financial affairs are considered to be
in order.
Financial
Statements: The company does
not disclose detailed financial statements.
Consolidated key figures (in EUR 1.000.000):
Radici Group
31.12.2007 31.12.2006
Sales 1'193.4 1'200.0
Banker(-s)
UBS Ltd, 6830 Chiasso
Auditors
Fideconsul Societa di Revisione SA, Chiasso
Real estate property: Real estate is owned.
The current value of the manufacturing plant
in Stabio amounts to
approximately CHF 12.000.000.--.
The mortgage is not known.
Fiscal taxation: No information is available due to the local tax authority
regulation.
COMPANY AND PERSON RELATIONS
COMPANY
CONNECTIONS:
Direct Parent com.: Pietro Radici Tessitura S.p.A., Leffe (Bergamo),
Italy/IT with a share of 100.
Shareholder(s):
Familie Radici, Bergamo.
Since 1985 the company belongs to the Radici
Group.
Investments: No investments
apparent.
Associated companies: Tecnofilo SA,
Lamone/TI, Switzerland/CH
Tecnofilo SA, Via Industria, in Lamone was
registered in the commercial
register on 24.02.1984. Its fully liberalized
share capital amounts to
CHF 50,000.--.
The group further consists of the following
companies:
- Radici Partecipazioni SpA, Bergamo, Italy
- Radici Partecipazioni SpA, Gandino BG,
Italy
- Radici Immobiliare, Gandino BG, Italy
- RadiciFin SpA, Gandino BG, Italy
Noyfil Sa has worldwide 48 production sites
and offices.
BOARD
OF DIRECTORS:
Dr. Geo Camponovo, from Chiasso, in
Chiasso/TI/Switzerland,
President, collective signature.
Tiziano Dotti, from Chiasso, in
Balerna/TI/Switzerland,
Member.
Luigi Gaffuri, from Onsernone, in
Coldrerio/TI/Switzerland,
Member, collective signature.
Maurizio Radici, from Italy, in
Bergamo/Italy,
Member, collective signature.
MANAGEMENT:
Alberto Funghini, from Italy, in
Menaggio/Italy,
Director, collective signature.
Alberto Giana, from Italy, in Tremezzo/Italy,
Vice Director, collective signature.
PERSONNEL
INFORMATION:
Dr. Geo Camponovo was born in 1937 and lives
at the address Corso. S.
Gottardo 32 in Chiasso. He is married and
family father.
He is proprietor of a well-established trust
office in Chiasso and
features on the Boards of several - partly
renowned - industrial and
trading companies in the Canton of Ticino. In
most of these companies he
is however believed to merely represent the
interests of the beneficial
shareholders.
He is, inter alia, member of the Board and
shareholder of the Fiduciaria
Mega SA in Chiasso and Lugano, the biggest
Ticino-based trust company
behind Fidinam SA.
Luigi Gaffuri, born on 30.01.1944, is married
to Graziella, nee
Passanisi, born on 04.01.1947.
He is a master accountant by profession and
as such delegate and
director of the Fiduciaria Mega SA in Chiasso
and features on the Boards
of several other companies.
The mentioned persons enjoy a good reputation
in business affairs.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.67 |
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UK Pound |
1 |
Rs.75.47 |
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Euro |
1 |
Rs.61.19 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to recommend
credit dealings |
No Rating |
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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%)