MIRA INFORM REPORT
|
Report Date : |
13.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
RADICIFIL S.P.A. |
|
|
|
|
Registered Office : |
Via Verdi , 11, Bergamo 24100 |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
05.07.1989 |
|
|
|
|
Legal Form : |
Public Company with a Sole Shareholder |
|
|
|
|
Line of Business : |
Manufacture of Plastics in Primary Forms |
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 : |
1.466.500 (Euro) |
|
Status : |
Satisfactory |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
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 |
|
|
Company Type |
PUBLIC COMPANY WITH A SOLE SHAREHOLDER |
|
Address |
VIA VERDI , 11 |
|
Town |
BERGAMO |
|
Post Code |
24100 |
|
Telephone Number |
|
|
Province |
BERGAMO |
|
Fiscal Code |
01956990160 |
|
VAT Number |
01956990160 |
|
Activity Start Date |
8-1-2007 |
|
Incorporation Date |
5-7-1989 |
|
Closure Date |
31-12-2030 |
|
REA Inscription |
250701 on the date of 1-9-1989 |
|
CCIAA province and number |
BG 250701 |
|
Company Status |
Active |
|
Currency |
EURO (€) |
Credit Summary
|
Credit Limit |
1.466.500 (Euro) |
Capital Information
|
Paid up share capital |
10.078.000 |
|
Authorised share capital |
10.078.000 |
|
Subscribed share capital |
10.078.000 |
Activity
|
SIC Code |
2821 |
|
Business Activity |
|
Financial Data
|
Date of Latest Accounts |
31-12-2009 |
|
Turnover |
85.069.343 |
|
Profit & Loss |
-2.772.186 |
|
Number of Employees |
247 |
Subsidaries
|
Address |
Type of Premesis |
|
VIA VERDI 11 - BERGAMO (BG) |
|
|
VIA EUROPA 41 - CASNIGO (BG) |
ESTABLISHMENT |
|
VIA DEL GARDA 40 - ROVERETO (TN) |
FILING |
Business Activity and Financial
Ratios
|
SIC Code |
2821 |
|
Business Activity |
|
|
Company Purpose |
|
|
Ateco Code |
20.16 |
|
Ateco Description |
FABBRICAZIONE DI MATERIE PLASTICHE IN FORME PRIMARIE (Manufacture Of Plastics In Primary Forms ) |
|
SAE Code |
430 |
|
RAE Code |
252 |
|
Number of Employees |
247 |
|
Paid up share capital |
10.078.000 (EURO) |
|
Date of Latest Accounts |
31-12-2009 |
|
|
|
|
Key Financial Items |
|
|
Turnover |
85.069.343 |
|
Profit & Loss |
-2.772.186 |
|
Shareholders Equity |
24.081.246 |
|
Fixed Assets |
28.756.916 |
Balance Sheet
(Assets)
|
Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
DUE FROM
SHAREHOLDERS FOR SUBSCRIBED SHARE CAPITAL UNPAID |
0 |
0 |
0 |
|
Total Fixed
Assets |
28.756.916 |
30.187.006 |
1.414.832 |
|
- Intangible assets |
135.985 |
163.734 |
0 |
|
- Tangible assets |
28.308.535 |
29.721.023 |
1.414.825 |
|
- - Land and Buildings |
13.962.894 |
14.228.597 |
|
|
- Financial assets |
312.396 |
302.249 |
7 |
|
- - Amounts owed by assoc./affiliated co.s |
0 |
0 |
|
|
- - Holdings |
0 |
0 |
0 |
|
- - Treasury stocks |
0 |
0 |
0 |
|
|
|
|
|
|
Total Current
Assets |
47.485.094 |
57.710.425 |
86.463 |
|
- Stocks |
16.890.095 |
23.962.146 |
0 |
|
- - Semi-finished products & Raw
materials |
12.527.131 |
15.403.574 |
0 |
|
- - Work-in-progress |
|
|
|
|
- Credits |
30.592.409 |
33.745.402 |
16.648 |
|
- - Short-term debtors |
30.013.094 |
32.675.382 |
16.648 |
|
- - Trade debtors |
21.706.656 |
24.103.618 |
|
|
- - Short-term trade debtors |
21.521.639 |
23.605.514 |
|
|
- Financial assets |
0 |
0 |
0 |
|
- - Treasury stocks |
0 |
0 |
0 |
|
- Cash and bank |
2.590 |
2.877 |
69.815 |
|
Prepayments
& Accrued Income |
307.684 |
49.935 |
0 |
|
Total Assets |
76.549.694 |
87.947.366 |
1.501.295 |
Liabilities
|
SHAREHOLDERS'
EQUITY |
24.081.246 |
26.853.431 |
73.660 |
|
- Share capital |
10.078.000 |
10.077.999 |
78.000 |
|
- Share premium reserve |
8.000.000 |
8.000.000 |
0 |
|
- Revaluation reserve |
8.779.770 |
8.785.966 |
0 |
|
PROVISIONS FOR
RISKS & CHARGES |
2.300.465 |
1.921.800 |
0 |
|
- Provisions for taxation |
1.556.101 |
1.579.879 |
0 |
|
PROVISION FOR
SEVERANCE INDEMNITY |
3.245.762 |
3.357.487 |
0 |
|
CREDITORS |
46.827.098 |
55.670.574 |
1.427.635 |
|
- Short-term creditors |
41.885.931 |
49.082.349 |
7.635 |
|
- Trade creditors |
15.679.827 |
12.110.787 |
7.635 |
|
- Amounts due to banks - short term |
4.941.167 |
6.588.225 |
0 |
|
- Amounts due to banks - medium/long-term |
1.647.065 |
1.647.065 |
0 |
|
- Accrued expenses and deferred income |
|
|
|
|
PREPAYMENTS & ACCRUED INCOME |
95.123 |
144.074 |
0 |
|
TOTAL
LIABILITIES AND SHAREHOLDERS EQUITY |
76.549.694 |
87.947.366 |
1.501.295 |
|
MEMORANDUM
ACCOUNTS |
0 |
0 |
0 |
|
ACCUMULATED
DEPRECIATION OF TANGIBLE ASSETS |
3.572 |
|
|
Profit & Loss
|
PRODUCTION VALUE |
85.828.569 |
760.836 |
4.500 |
|
- Revenues |
85.069.343 |
756.336 |
- |
|
- TOTAL CHANGES |
-2.902.443 |
- |
- |
|
- Change in stocks of finished goods & work in progress |
- |
|
|
|
- Change in stocks of finished goods & work in progress |
-2.902.443 |
- |
- |
|
- Other revenues |
3.661.669 |
4.500 |
4.500 |
|
PRODUCTION COSTS |
86.914.313 |
757.395 |
10.406 |
|
- Purchase of raw materials & goods |
47.637.293 |
748.424 |
- |
|
- Change in materials |
4.169.608 |
- |
- |
|
CONSUMPTION OF MATERIALS |
51.806.901 |
748.424 |
- |
|
OVERHEADS |
22.156.919 |
5.837 |
7.341 |
|
- Provisions for risks & other |
150.000 |
- |
- |
|
VALUE ADDED |
12.014.749 |
6.575 |
-2.841 |
|
STAFF COST |
9.261.282 |
- |
- |
|
- Provision for severance indemnity |
407.711 |
- |
- |
|
G.O.M. |
-1.058.202 |
2.075 |
-7.341 |
|
AMORT./DEPREC/WRITED. OF FIXED ASSETS |
3.233.751 |
- |
- |
|
- Amortisation / depreciation / writedowns |
3.031.066 |
- |
- |
|
- Amortisation of intangible assets |
79.367 |
- |
- |
|
- Depreciation of tangible assets |
2.951.699 |
- |
- |
|
PROFIT / (LOSS) FROM ORDINARY OPERATING
ACTIVITIES |
-4.291.953 |
2.075 |
-7.341 |
|
OTHER INCOME / CHARGES |
3.193.680 |
2.945 |
1.817 |
|
- Interest receivable & similar income |
447 |
1.579 |
382 |
|
OPERATING PROFIT / (LOSS) |
-1.098.273 |
5.020 |
-5.524 |
|
FINANCIAL CHARGES |
1.269.869 |
- |
- |
|
PROFIT / (LOSS) BEFORE EXTRAORDINARY OP.S |
-2.368.142 |
5.020 |
-5.524 |
|
ADJUSTMENTS TO VALUE OF FINANCIAL ASSETS (+-) |
- |
- |
- |
|
EXTRAORDINARY INCOME/CHARGES (+-) |
-417.065 |
406 |
1 |
|
PROFIT / (LOSS) BEFORE TAXATION |
-2.785.207 |
5.426 |
-5.523 |
|
TAXATION |
-13.021 |
11.622 |
-1.142 |
|
PROFIT (LOSS) FOR THE PERIOD |
-2.772.186 |
-6.196 |
-4.381 |
|
CASH FLOW |
461.565 |
-6.196 |
-4.381 |
|
EMPLOYEES |
247 |
- |
|
Ratios
|
Date |
2009 |
2008 |
2007 |
|
Returns Ratios |
|||
|
R.O.E. (Return On Equity) |
0 |
0 |
0 |
|
R.O.I. (Return On Investment) |
-5.61 |
0 |
-0.49 |
|
R.O.S. (Return On Sales) |
-1.28 |
0.46 |
0 |
|
R.O.A. (Return On Assests) |
-1.42 |
0 |
-0.39 |
|
G.O.M on Returns |
-1.24 |
0.27 |
0 |
|
Turnover Ratio |
|||
|
Invested Capital Turnover |
111.13 |
0.86 |
0 |
|
Current Assets Turnover |
179.15 |
1.31 |
0 |
|
Warehouse Turnover |
503.66 |
3.16 |
0 |
|
Equity and
Financial Ratios |
|||
|
Fixed Assets Cover |
83.74 |
88.96 |
5.21 |
|
Banks on Current Assets |
13.87 |
14.27 |
0 |
|
Short-term Banks on Current Assets |
3.47 |
2.85 |
0 |
|
Gearing |
68.54 |
69.47 |
95.09 |
|
Shareholders' Equity / Invested Capital |
31.46 |
30.53 |
4.91 |
|
Financial Charges on Turnover |
1.49 |
0 |
0 |
|
Financial Charges on G.O.M. |
-120 |
0 |
0 |
|
Productivity
Ratios |
|||
|
Turnover per Employee |
344410.3 |
0 |
0 |
|
Operating Value Added per Employee |
48642.71 |
0 |
0 |
|
Labour Cost per Employee |
37495.07 |
0 |
0 |
|
Labour Cost on Turnover |
10.89 |
0 |
0 |
|
Value Added on Turnover |
14.12 |
0.87 |
0 |
|
Liquidity Ratios
|
|||
|
Current Ratio |
112.46 |
115.16 |
1132.46 |
|
Acid-Test Ratio |
72.23 |
66.49 |
1132.46 |
|
Days of Credit to Customers or Duration of Amounts owed by Customers |
91.86 |
11472.81 |
0 |
|
Days of Credit from Suppliers or Duration of Amounts owed to Suppliers
|
81.05 |
5780.34 |
374.42 |
|
Days of Stocks or Duration of Stocks |
71.48 |
11405.48 |
0 |
|
Rate of intensity of Current Assets |
55.5 |
7495.39 |
0 |
|
Incidence Ratios
for Cost |
|||
|
Consumption of Materials on Costs |
59.61 |
98.82 |
0 |
|
External Costs on Costs |
85.27 |
99.59 |
70.55 |
|
Labour Costs on Costs |
10.66 |
0 |
0 |
|
Depreciation and Devaluation on Costs |
3.72 |
0 |
0 |
Protested Bills
|
Body |
Don't Exist |
Possible Match |
Exact Match |
|
RADICIFIL S.P.A. |
|
|
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|
RADICIFIBRES S.P.A. CON SOCIO UNICO |
|
|
|
|
MAURIZIO RADICI (executive) |
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|
|
|
ANGELO RADICI (executive) |
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|
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|
ALESSANDRO MANZONI (executive) |
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|
|
|
STEFANO LORO (executive) |
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|
|
|
FEDERICO PREVITALI (executive) |
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|
|
|
SILVIA MELONCELLI (executive) |
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|
|
|
OTTAVIO CALIA (executive) |
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|
|
|
NICOLA FELICE GRITTI (executive) |
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|
|
Directors Information
|
Power of Statute (board) |
AL CONSIGLIO DI AMMINISTRAZIONE COMPETONO TUTTI I POTERI PER LA GESTIONE
ORDINARIA E STRAORDINARIA DELLA SOCIETA'. LA LEGALE RAPPRESENTANZA DELLA
SOCIETA' SPETTA AL PRESIDENTE DEL CONSIGLIO DI AMMINI... |
|
Type |
Executive |
|
Forename |
MAURIZIO |
|
Surname |
RADICI |
|
Date of Birth |
10-6-1955 |
|
Gender |
Male |
|
Place of Birth |
LEFFE (BG) |
|
Resident Address |
VIA GAETANO DONIZETTI , 15 24129 - BERGAMO
(BG) |
|
Director Fiscal Code |
RDCMRZ55H10E509G |
|
COUNCILLOR since |
7-1-2009 |
|
BOARD OF DIRECTORS PRESIDENT since |
7-1-2009 |
|
|
|
|
Type |
Executive |
|
Forename |
ANGELO |
|
Surname |
RADICI |
|
Date of Birth |
26-8-1951 |
|
Gender |
Male |
|
Place of Birth |
BERGAMO (BG) |
|
Resident Address |
VIA MIRAVALLE , 20 24026 - LEFFE (BG) |
|
Director Fiscal Code |
RDCNGL51M26A794J |
|
COUNCILLOR since |
7-1-2009 |
|
BOARD OF DIRECTORS VICE PRESIDENT since |
7-1-2009 |
|
Type |
Executive |
|
Forename |
ALESSANDRO |
|
Surname |
MANZONI |
|
Date of Birth |
30-6-1957 |
|
Gender |
Male |
|
Place of Birth |
BERGAMO (BG) |
|
Resident Address |
VIA F.LLI BANDIERA , 54 24048 - TREVIOLO
(BG) |
|
Director Fiscal Code |
MNZLSN57H30A794K |
|
COUNCILLOR since |
7-1-2009 |
|
|
|
|
Type |
Executive |
|
Forename |
STEFANO |
|
Surname |
LORO |
|
Date of Birth |
17-4-1965 |
|
Gender |
Male |
|
Place of Birth |
BASSANO DEL GRAPPA (VI) |
|
Resident Address |
VIA BROSETA , 37 24100 - BERGAMO (BG) |
|
Director Fiscal Code |
LROSFN65D17A703P |
|
SOLICITOR since |
12-12-2008 |
|
COUNCILLOR since |
7-1-2009 |
|
|
|
|
Type |
Executive |
|
Forename |
FEDERICO |
|
Surname |
PREVITALI |
|
Date of Birth |
2-12-1958 |
|
Gender |
Male |
|
Place of Birth |
BERGAMO (BG) |
|
Resident Address |
VIA VERDI , 11 24121 - BERGAMO (BG) |
|
Director Fiscal Code |
PRVFRC58T02A794Q |
|
SOLICITOR since |
29-7-2009 |
|
|
|
|
Type |
Executive |
|
Forename |
SILVIA |
|
Surname |
MELONCELLI |
|
Date of Birth |
11-10-1969 |
|
Gender |
Female |
|
Place of Birth |
GAZZANIGA (BG) |
|
Resident Address |
VIA VERDI , 11 24100 - BERGAMO (BG) |
|
Director Fiscal Code |
MLNSLV69R51D952H |
|
SPECIAL SOLICITOR since |
27-11-2009 |
|
|
|
|
Type |
Executive |
|
Forename |
OTTAVIO |
|
Surname |
CALIA |
|
Date of Birth |
5-11-1968 |
|
Gender |
Male |
|
Place of Birth |
BERGAMO (BG) |
|
Resident Address |
VIA VERDI , 11 24100 - BERGAMO (BG) |
|
Director Fiscal Code |
CLATTV68S05A794Y |
|
SPECIAL SOLICITOR since |
27-11-2009 |
|
|
|
|
Type |
Executive |
|
Forename |
NICOLA FELICE |
|
Surname |
GRITTI |
|
Date of Birth |
4-4-1949 |
|
Gender |
Male |
|
Place of Birth |
NEMBRO (BG) |
|
Resident Address |
VIA VERDI , 11 24100 - BERGAMO (BG) |
|
Director Fiscal Code |
GRTNLF49D04F864L |
|
SOLICITOR since |
8-2-2010 |
|
|
|
|
Type |
Company |
|
Name |
RADICIFIBRES S.P.A. CON SOCIO UNICO |
|
Address |
VERDI VIA, 11 24121 - BERGAMO (BG) |
|
Director Fiscal Code |
00919330167 |
|
SOLE PARTNER since |
22-10-2008 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.79 |
|
UK Pound |
1 |
Rs.73.19 |
|
Euro |
1 |
Rs.63.59 |
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.