MIRA INFORM REPORT

 

 

Report Date :           

09.11.2011

 

IDENTIFICATION DETAILS

 

Name :

SKF INDUSTRIE S.P.A.

 

 

Registered Office :

Via Arcivescovado,  1,

10100 – Torino (TO)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

11.07.1980

 

 

Com. Reg. No.:

TO272-1980-2866 since 19/02

 

 

Legal Form :

Joint stock company with sole shareholder

 

 

Line of Business :

Manufacture of ball bearings

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

250.000 Eur

Status :

Good

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 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 name & address 

 

Skf Industrie S.p.a.

 

Via Arcivescovado,  1

 

10100 - Torino (TO) -IT-

 

 

Summary

 

Fiscal Code

:

02663880017

Legal Form

:

Joint stock company with sole shareholder

start of Activities

:

01/10/1980

Equity

:

Over 2.582.254 Eur

Turnover Range

:

over 129.114.224 Eur

Number of Employees

:

more than 1500

Group

:

* SKF

 

 

Credit Analysis

 

Credit Opinion

:

250.000 - Eur

 

Activity

 

Manufacture of ball bearings

 

Legal Data

 

Legal Form : Joint stock company with sole shareholder

Fiscal Code : 02663880017

 

Foreign Trade Reg. no. : TO016153 since 19/12/1991

 

Chamber of Commerce no. : 132451 of Alessandria

 

Chamber of Commerce no. : 86157 of Ancona

 

Chamber of Commerce no. : 193875 of Bari

 

Chamber of Commerce no. : 262120 of Bologna

 

Chamber of Commerce no. : 100361 of Cagliari

 

Chamber of Commerce no. : 126008 of Catania

 

Chamber of Commerce no. : 301133 of Firenze

 

Chamber of Commerce no. : 74613 of Frosinone

 

Chamber of Commerce no. : 260707 of Genova

 

Chamber of Commerce no. : 22510 of Isernia

 

Chamber of Commerce no. : 1061563 of Milano

 

Chamber of Commerce no. : 75241 of Massa

 

Chamber of Commerce no. : 330665 of Napoli

 

Chamber of Commerce no. : 503524 of Napoli

 

Chamber of Commerce no. : 165413 of Padova

 

Chamber of Commerce no. : 248732 of Padova

 

Chamber of Commerce no. : 472571 of Roma

 

Chamber of Commerce no. : 685431 of Roma

 

Chamber of Commerce no. : 159820 of Taranto

 

Chamber of Commerce no. : 580415 of Torino since 27/08/1980

 

Chamber of Commerce no. : 154459 of Udine

 

Chamber of Commerce no. : 196259 of Udine

 

Chamber of Commerce no. : 129176 of Vercelli

 

Chamber of Commerce no. : 188385 of Vicenza

 

Chamber of Commerce no. : 172522 of Verona

 

Firms' Register : TO272-1980-2866 since 19/02/1996

 

V.A.T. Code : 02663880017

 

Trade Agents Licence : 29575 since 22/07/2002

 

Foundation date

: 11/07/1980

Establishment date

: 11/07/1980

Start of Activities

: 01/10/1980

Legal duration

: 31/12/2100

Nominal Capital

: 54.600.000

Eur

Subscribed Capital

: 54.600.000

Eur

Paid up Capital

: 54.600.000

Eur

 

Members

 

Riv - Skf - *officine Di Villar Perosa -

S.p.a. Con Sigla Riv - Skf S.p.a.

 

 

 

 

Residence :

Via

Arcivescovado

, 1

- 10100

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole partner

 

 

 

 

No Protests registered

 

Donato

Giuseppe

 

 

Born in Biella

(VC)

on 28/06/1944

- Fiscal Code : DNTGPP44H28A859Y

 

 

Residence :

Strada

Del Nobile

, 37

- 10131

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

04/05/2010

 

 

Board Chairman

04/05/2010

 

 

 

No Protests registered

 

Ceva

Gianpaolo

 

 

Born in Torino

(TO)

on 30/11/1949

- Fiscal Code : CVEGPL49S30L219X

 

 

Residence :

Via

Carlo Bianco

, 14

- 10100

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

23/03/2000

 

 

 

Bruno

Renato

 

 

Born in Alessandria

(AL)

on 15/10/1941

- Fiscal Code : BRNRNT41R15A182I

 

 

Residence :

Corso

Regina Margherita

, 213

- 10100

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

27/01/1998

 

 

 

No Protests registered

 

Serratrice

Claudio

 

 

Born in Torino

(TO)

on 26/07/1963

- Fiscal Code : SRRCLD63L26L219T

 

 

Residence :

Via

Della Chiesa

, 52/1

- 10040

La Loggia

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

27/01/1998

 

 

 

No Protests registered

 

Musso

Alda

 

 

Born in Torino

(TO)

on 10/01/1953

- Fiscal Code : MSSLDA53A50L219X

 

 

Residence :

Strada

Del Fioccardo

, 119

- 10100

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

26/03/2004

 

 

 

No Protests registered

 

Carminati

Sandro

 

 

Born in Torino

(TO)

on 27/08/1960

- Fiscal Code : CRMSDR60M27L219Q

 

 

Residence :

Via

Nizza

, 187

- 10100

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

27/01/1998

 

 

 

No Protests registered

 

Tortoriello

Carmelo

 

 

Born in Recco

(GE)

on 01/06/1943

- Fiscal Code : TRTCML43H01H212T

 

 

Residence :

Corso

Laghi

, 81/75

- 10090

Buttigliera Alta

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

15/04/2002

 

 

 

No Protests registered

 

Maccari

Alessandra

 

 

Born in Thionville

on 24/03/1966

- Fiscal Code : MCCLSN66C64Z110Z

 

 

Residence :

Via

Piacenza

, 34

- 10100

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

23/03/1994

 

 

 

No Protests registered

 

Borroni

Giulio

 

 

Born in Mathi

(TO)

on 05/12/1948

- Fiscal Code : BRRGLI48T05F053B

 

 

Residence :

Via

Onorato Castellino

, 11

- 10141

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

04/05/2010

 

 

Procurator

10/04/2007

 

 

 

No Protests registered

 

Casazza

Gian Paolo

 

 

Born in Vercelli

(VC)

on 27/08/1959

- Fiscal Code : CSZGPL59M27L750D

 

 

Residence :

Via

Dino Buffa

, 31/A

- 10060

Campiglione-fenile

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

26/03/2004

 

 

 

No Protests registered

 

Cazzulo

Marco

 

 

Born in Torino

(TO)

on 04/10/1963

- Fiscal Code : CZZMRC63R04L219S

 

 

Residence :

Via

Albergian

, 31/8

- 10064

Pinerolo

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

03/03/2006

 

 

 

No Protests registered

 

Covini

Carlo

 

 

Born in Torino

(TO)

on 07/08/1966

- Fiscal Code : CVNCRL66M07L219F

 

 

Residence :

Via

Boucheron

, 14 BIS

- 10122

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

01/06/2006

 

 

 

No Protests registered

 

Neubert

Manfred Erich

 

 

Born in Friedrichshafen

on 19/10/1953

- Fiscal Code : NBRMFR53R19Z111N

 

 

Residence :

Tempelhof Landsberger Strasse

, 52

Berlino

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

01/09/2010

 

 

 

No Protests registered

 

Bolzoni

Simonetta

 

 

Born in Pinerolo

(TO)

on 26/07/1967

- Fiscal Code : BLZSNT67L66G674T

 

 

Residence :

Via

Dell'arcivescovado

, 1

- 10100

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

29/03/2007

 

 

 

No Protests registered

 

Sthen

Tryggve

 

 

Born in Vasteras

on 28/12/1952

- Fiscal Code : STHTYG52T28Z132Y

 

 

Residence :

Golfbanev

, 24

Hovas

- SE -

 

Position

Since

Shares Amount

% Ownership

Director

04/05/2010

 

 

 

No Protests registered

 

Borelli

Antonella

 

 

Born in Torino

(TO)

on 23/05/1964

- Fiscal Code : BRLNNL64E63L219O

 

 

Residence :

Via

Boston

, 121

- 10100

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

16/09/2008

 

 

 

No Protests registered

 

Abba'

Stefano

 

 

Born in Torino

(TO)

on 16/04/1968

- Fiscal Code : BBASFN68D16L219A

 

 

Residence :

Corso

Duca Degli Abruzzi

, 72

- 10100

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

16/09/2008

 

 

 

No Protests registered

 

Franza

Flavio

 

 

Born in Pinerolo

(TO)

on 25/10/1964

- Fiscal Code : FRNFLV64R25G674D

 

 

Residence :

Frazione

Caserme

, 7

- 10069

Villar Perosa

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

27/05/2010

 

 

Institor

05/12/2008

 

 

 

No Protests registered

 

Parisi

Pasquale

 

 

Born in Torino

(TO)

on 21/07/1962

- Fiscal Code : PRSPQL62L21L219V

 

 

Residence :

Via

Ventimiglia

, 20

- 10126

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

05/12/2008

 

 

 

No Protests registered

 

Nervo

Aurelio

 

 

Born in Bra

(CN)

on 27/04/1955

- Fiscal Code : NRVRLA55D27B111K

 

 

Residence :

Via

San Tommaso

, 6

- 10122

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Managing Director

01/09/2010

 

 

Director

01/09/2010

 

 

 

No Protests registered

 

Laurenti

Umberto

 

 

Born in Pinerolo

(TO)

on 28/11/1963

- Fiscal Code : LRNMRT63S28G674M

 

 

Residence :

Via

Vittorio Emanuele Ii

, 40

- 10060

Pinasca

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

27/05/2010

 

 

 

No Protests registered

 

Lemma

Luca

 

 

Born in Torino

(TO)

on 15/11/1975

- Fiscal Code : LMMLCU75S15L219A

 

 

Residence :

Via

Dell Arcivescovado

, 1

- 10121

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

06/12/2010

 

 

 

No Protests registered

 

Lovaldi

Roberto

 

 

Born in Torino

(TO)

on 09/09/1966

- Fiscal Code : LVLRRT66P09L219A

 

 

Residence :

Via

Dei Boschetti

, 32

- 12038

Savigliano

(CN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

14/04/2011

 

 

 

No Protests registered

 

Clementi

Stephane

 

 

Born in Mont-saint-martin

on 15/12/1968

- Fiscal Code : CLMSPH68T15Z110K

 

 

Residence :

Via

Stura

, 6/5

- 10025

Pino Torinese

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

17/05/2011

 

 

 

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.

 

DONATO

GIUSEPPE

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

BOGNIER CONSULTING S.A.S. DI GIUSEPPE DONATO E C.

Torino (TO) - IT -

10238740012

General Partner

Active

Registered

CENTRO ESTERO PER L'INTERNAZIONALIZZAZIONE S.C.P.A. SIGLABILE CEIPIEMONTE S.C.P.

Torino (TO) - IT -

09489220013

Director

Active

Registered

CENTRO ESTERO PER L'INTERNAZIONALIZZAZIONE S.C.P.A. SIGLABILE CEIPIEMONTE S.C.P.

Torino (TO) - IT -

09489220013

Board Chairman

Active

Registered

CENTRO SICUREZZA APPLICATA ALL'ORGANIZZAZIONE - C.S.A.O.

Torino (TO) - IT -

04961740018

Board of Directors' chairman

Active

Registered

DE TOMASO AUTOMOBILI S.P.A.

Livorno (LI) - IT -

09839910016

Director

Withdrawn

Registered

GLO S.R.L.

Poggio Rusco (MN) - IT -

09223810152

Director

Withdrawn

Registered

GLO S.R.L.

Poggio Rusco (MN) - IT -

09223810152

Board Chairman

Withdrawn

Registered

OFFICINE MECCANICHE DI VILLAR PEROSA S.P.A. SIGLABILE OMVP S.P.A

Torino (TO) - IT -

08095090018

Director

Withdrawn

Registered

OFFICINE MECCANICHE DI VILLAR PEROSA S.P.A. SIGLABILE OMVP S.P.A

Torino (TO) - IT -

08095090018

Board Chairman

Withdrawn

Registered

RFT - S.P.A.

Torino (TO) - IT -

01047060015

Director

Withdrawn

Registered

RFT - S.P.A.

Torino (TO) - IT -

01047060015

Director

Withdrawn

Registered

RFT - S.P.A.

Torino (TO) - IT -

01047060015

Board Chairman

Withdrawn

Registered

RIV - SKF - *OFFICINE DI VILLAR PEROSA - S.P.A. CON SIGLA RIV - SKF S.P.A.

Torino (TO) - IT -

00512490012

Managing Director

Withdrawn

Registered

RIV - SKF - *OFFICINE DI VILLAR PEROSA - S.P.A. CON SIGLA RIV - SKF S.P.A.

Torino (TO) - IT -

00512490012

Director

Active

Registered

RIV - SKF - *OFFICINE DI VILLAR PEROSA - S.P.A. CON SIGLA RIV - SKF S.P.A.

Torino (TO) - IT -

00512490012

Director

Withdrawn

Registered

RIV - SKF - *OFFICINE DI VILLAR PEROSA - S.P.A. CON SIGLA RIV - SKF S.P.A.

Torino (TO) - IT -

00512490012

Board Chairman

Active

Registered

SKF BALL SCREWS E SERVICES S.P.A. SIGLABILE SKF BSS S.P.A.

Torino (TO) - IT -

03753540016

Director

Withdrawn

Registered

SKF BALL SCREWS E SERVICES S.P.A. SIGLABILE SKF BSS S.P.A.

Torino (TO) - IT -

03753540016

Director

Withdrawn

Registered

SKF BALL SCREWS E SERVICES S.P.A. SIGLABILE SKF BSS S.P.A.

Torino (TO) - IT -

03753540016

Board Chairman

Withdrawn

Registered

SKF MULTITEC S.P.A.

Torino (TO) - IT -

07722640013

Director

Withdrawn

Ceased

SKF MULTITEC S.P.A.

Torino (TO) - IT -

07722640013

Director

Withdrawn

Ceased

SKF MULTITEC S.P.A.

Torino (TO) - IT -

07722640013

Board Chairman

Withdrawn

Ceased

SOMECAT - S.P.A.

Pianezza (TO) - IT -

00511740011

Director

Withdrawn

Registered

SOMECAT - S.P.A.

Pianezza (TO) - IT -

00511740011

Board Chairman

Withdrawn

Registered

 

TORTORIELLO

CARMELO

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

OFFICINE MECCANICHE DI VILLAR PEROSA S.P.A. SIGLABILE OMVP S.P.A

Torino (TO) - IT -

08095090018

Attorney with special power

Withdrawn

Registered

RFT - S.P.A.

Torino (TO) - IT -

01047060015

Attorney with special power

Withdrawn

Registered

 

MACCARI

ALESSANDRA

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

RIV - SKF - *OFFICINE DI VILLAR PEROSA - S.P.A. CON SIGLA RIV - SKF S.P.A.

Torino (TO) - IT -

00512490012

Procurator

Active

Registered

 

BORRONI

GIULIO

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

GLO S.R.L.

Poggio Rusco (MN) - IT -

09223810152

Director

Active

Registered

OFFICINE MECCANICHE DI VILLAR PEROSA S.P.A. SIGLABILE OMVP S.P.A

Torino (TO) - IT -

08095090018

Director

Withdrawn

Registered

OFFICINE MECCANICHE DI VILLAR PEROSA S.P.A. SIGLABILE OMVP S.P.A

Torino (TO) - IT -

08095090018

Director

Withdrawn

Registered

RFT - S.P.A.

Torino (TO) - IT -

01047060015

Director

Active

Registered

RFT - S.P.A.

Torino (TO) - IT -

01047060015

Director

Withdrawn

Registered

RIV - SKF - *OFFICINE DI VILLAR PEROSA - S.P.A. CON SIGLA RIV - SKF S.P.A.

Torino (TO) - IT -

00512490012

Director

Active

Registered

RIV - SKF - *OFFICINE DI VILLAR PEROSA - S.P.A. CON SIGLA RIV - SKF S.P.A.

Torino (TO) - IT -

00512490012

Director

Withdrawn

Registered

RIV - SKF - *OFFICINE DI VILLAR PEROSA - S.P.A. CON SIGLA RIV - SKF S.P.A.

Torino (TO) - IT -

00512490012

Procurator

Active

Registered

SKF BALL SCREWS E SERVICES S.P.A. SIGLABILE SKF BSS S.P.A.

Torino (TO) - IT -

03753540016

Director

Active

Registered

SKF BALL SCREWS E SERVICES S.P.A. SIGLABILE SKF BSS S.P.A.

Torino (TO) - IT -

03753540016

Director

Withdrawn

Registered

SKF LUBRICATION SYSTEMS ITALY S.R.L.

Milano (MI) - IT -

00793090150

Director

Active

Registered

SKF MULTITEC S.P.A.

Torino (TO) - IT -

07722640013

Director

Withdrawn

Ceased

SOCIETA' EDOARDO AGNELLI R.L.*ATTIVITA' DEL TEMPO LIBERO

Torino (TO) - IT -

04513890014

Director

Active

Registered

SOMECAT - S.P.A.

Pianezza (TO) - IT -

00511740011

Director

Active

Registered

 

CAZZULO

MARCO

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

PINEROLO VACANZE S.A.S. DI CAZZULO MARCO E C. SIGLABILE PINER

Moncalieri (TO) - IT -

08082350011

General Partner

Withdrawn

Ceased

PINEROLO VACANZE S.A.S. DI CAZZULO MARCO E C. SIGLABILE PINER

Moncalieri (TO) - IT -

08082350011

Liquidator

Withdrawn

Ceased

 

COVINI

CARLO

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

RT E T S.R.L.

Torino (TO) - IT -

07899370014

Sole Director

Withdrawn

Registered

RT E T S.R.L.

Torino (TO) - IT -

07899370014

Sole partner

Withdrawn

Registered

 

NERVO

AURELIO

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

GLO S.R.L.

Poggio Rusco (MN) - IT -

09223810152

Director

Active

Registered

GLO S.R.L.

Poggio Rusco (MN) - IT -

09223810152

Board Chairman

Active

Registered

ISTITUTO SUPERIORE MARIO BOELLA SULLE TECNOLOGIE DELL'INFORMAZIONE E DELLE TELEC

Torino (TO) - IT -

97600940015

Director

Active

Registered

RFT - S.P.A.

Torino (TO) - IT -

01047060015

Director

Active

Registered

RFT - S.P.A.

Torino (TO) - IT -

01047060015

Board Chairman

Active

Registered

RIV - SKF - *OFFICINE DI VILLAR PEROSA - S.P.A. CON SIGLA RIV - SKF S.P.A.

Torino (TO) - IT -

00512490012

Managing Director

Active

Registered

RIV - SKF - *OFFICINE DI VILLAR PEROSA - S.P.A. CON SIGLA RIV - SKF S.P.A.

Torino (TO) - IT -

00512490012

Director

Active

Registered

SKF BALL SCREWS E SERVICES S.P.A. SIGLABILE SKF BSS S.P.A.

Torino (TO) - IT -

03753540016

Director

Active

Registered

SKF BALL SCREWS E SERVICES S.P.A. SIGLABILE SKF BSS S.P.A.

Torino (TO) - IT -

03753540016

Board Chairman

Active

Registered

SKF LUBRICATION SYSTEMS ITALY S.R.L.

Milano (MI) - IT -

00793090150

Director

Active

Registered

SOMECAT - S.P.A.

Pianezza (TO) - IT -

00511740011

Director

Active

Registered

SOMECAT - S.P.A.

Pianezza (TO) - IT -

00511740011

Board Chairman

Active

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

Riv - Skf - *officine Di Villar Perosa - S.p.a. Con Sigla Riv - Skf S.p.a.

Torino - IT -

00512490012

 

100,00

 

Direct Participations

 

The Company under review has participations in the following Companies:

 

Firm's Style

Seat

Fiscal Code

Owned Shares Amount

% Ownership

since

until

Share Status

Officine Meccaniche Di Villar Perosa S.p.a. Siglabile Omvp S.p.a

Torino - IT -

08095090018

 

100,00

 

 

Active

 

Firm's location and structure

 

In order to carry out its activities the firm uses the following locations:

 

-

Registered office

since 29/11/1990

 

 

 

 

 

Via

Arcivescovado

, 1

- 10100

- Torino

(TO)

- IT -

 

 

 

 

PHONE

: 011/5172229

 

 

 

 

PHONE

: 011/98521

 

 

 

 

FAX

: 011/8126860

 

 

 

 

FAX

: 011/9852550

 

 

 

 

Website

: www.skf.com

 

-

Secondary office

(Factory )

since 01/10/1980

until 13/12/1995

 

 

 

 

 

Via

Casilina

, KM.140

- 03043

- Cassino

(FR)

- IT -

 

 

 

 

Trading Style: SKF INDUSTRIE - S.P.A.

 

-

Secondary office

(Factory )

since 01/01/1993

until 13/12/1995

 

 

 

 

 

Via

Dante Alighieri

, 6

- 10069

- Villar Perosa

(TO)

- IT -

 

-

Secondary office

(Factory )

since 01/10/1980

until 13/12/1995

 

 

 

 

 

Via

Nazionale

, 26

- 10069

- Villar Perosa

(TO)

- IT -

 

-

Secondary office

(Factory )

until 13/12/1995

 

 

 

 

 

Via

San Colombano

, 3

- 54100

- Massa

(MS)

- IT -

 

 

 

 

Trading Style: RIV-SKF INDUSTRIE

 

-

Secondary office

 

 

 

 

 

 

Via

Pinerolo

, 42

- 10060

- Airasca

(TO)

- IT -

 

-

Secondary office

 

 

 

 

 

 

Via

Delle Camelie

, 8

- 70026

- Modugno

(BA)

- IT -

 

-

Secondary office

 

 

 

 

 

 

Via

Pinerolo

, 54

- 10060

- Airasca

(TO)

- IT -

 

-

Branch

(Branch )

since 01/04/2001

 

 

 

 

 

Via

Pinerolo

, 54/A

- 10060

- Airasca

(TO)

- IT -

 

-

Branch

(Purchases office )

since 01/01/2002

 

 

 

 

 

Via

Pinerolo

, 44/A

- 10060

- Airasca

(TO)

- IT -

 

-

Branch

(Branch )

since 01/05/2004

 

 

 

 

 

Corso

Giulio Cesare

, 424/29

- 10100

- Torino

(TO)

- IT -

 

-

Branch

(Workshop )

since 01/01/2007

 

 

 

 

 

Via

Appia Km 648 S.n.c.

- 74100

- Taranto

(TA)

- IT -

 

-

Branch

(Workshop )

since 01/01/2011

 

 

 

 

 

Via

Carlo Borra

, 51

- 10064

- Pinerolo

(TO)

- IT -

 

-

Branch

(Administrative office )

since 01/05/1990

 

 

 

 

 

Via

Pinerolo

, 44

- 10060

- Airasca

(TO)

- IT -

 

 

 

 

PHONE

: 011/9852111

 

 

 

 

FAX

: 011/9852278

 

-

Branch

 

since 01/10/1980

 

 

 

 

 

Via

Martin Luther King

, 38/3

- 40100

- Bologna

(BO)

- IT -

 

-

Branch

(Sales department )

since 19/04/1995

 

 

 

 

 

Via

Kuliscioff

, 37

- 20100

- Milano

(MI)

- IT -

 

 

 

 

Employees

: 2.846

 

Fittings and Equipment for a value of 29.680.000

Eur

 

Stocks for a value of 81.230.000

Eur

 

Work in progress for a value of 19.000

Eur

 

Trade organization: direct or by agents.

Sales are on an international scale.

Transports are usually done by own vehicles.

The company sells mainly to converting industries.

 

Purchase terms: 60-90-120 days.

The most used payment modality is the bank transfer one.

 

Import comes generally from the following nations:

- Austria

 

- Germania

 

- Olanda

 

- Gran Bretagna

 

- Spagna

 

 

Historical Information and/or Firm's Status

 

COMPANY STYLE MODIFICATIONS:

 

Former Style

New Style

Changement Date

RIV-SKF Industrie SpA

 

04/01/1988

 

EX-MEMBERS / EX-POSITIONS:

 

Bindella

Carlo Maria

 

 

Born in Acqui Terme

on 06/12/1954

- Fiscal Code : BNDCLM54T06A052R

 

 

Residence :

Via

Berna

, 15

- 20147

Milano

(MI)

- IT -

 

Ex-Postions

Permanent Auditor

 

Donato

Giuseppe

 

 

Born in Biella

on 28/06/1944

- Fiscal Code : DNTGPP44H28A859Y

 

 

Residence :

Strada

Del Nobile

, 37

- 10131

Torino

(TO)

- IT -

 

Ex-Postions

Managing Director

Director

 

Rossi

Marco

 

 

Born in Torino

on 27/09/1959

- Fiscal Code : RSSMRC59P27L219M

 

 

Residence :

Corso

Vittorio Emanuele Ii

, 85

- 10128

Torino

(TO)

- IT -

 

Ex-Postions

Director

 

Gai

Renato

 

 

Born in TORINO

on 22/09/1945

- Fiscal Code : GAIRNT45P22L219W

 

 

Residence :

Corso

GIULIO CESARE

, 424/29

- 10100

Torino

(TO)

- IT -

 

Ex-Postions

Director

Director

 

Musso

Alda

 

 

Born in Torino

on 10/01/1953

- Fiscal Code : MSSLDA53A50L219X

 

 

Residence :

Strada

Del Fioccardo

, 119

- 10100

Torino

(TO)

- IT -

 

Ex-Postions

Procurator

 

Francese

Pier Giorgio

 

 

Born in TORINO

on 13/07/1946

- Fiscal Code : FRNPGR46L13L219G

 

 

Residence :

Piazza

BONGHI

, 14

- 10100

Torino

(TO)

- IT -

 

Ex-Postions

Procurator

 

Tortoriello

Carmelo

 

 

Born in Recco

on 01/06/1943

- Fiscal Code : TRTCML43H01H212T

 

 

Residence :

Corso

Laghi

, 81/75

- 10090

Buttigliera Alta

(TO)

- IT -

 

Ex-Postions

Procurator

 

Gremlin

Arne Gunnar

 

 

Born in ESKILSTUNA

on 20/05/1945

- Fiscal Code : GRMRGN45E20Z132Y

 

 

Residence :

SCHWANENHOF

, 3

WUERZBURG

- DE -

 

Ex-Postions

Director

Board Chairman

 

Mondelli

Alberto

 

 

Born in COMO

on 20/10/1958

- Fiscal Code : MNDLRT58R20C933L

 

 

Residence :

Corso

PESCHIERA

, 336/B

- 10100

Torino

(TO)

- IT -

 

Ex-Postions

Procurator

 

Ferrero

Gianluca

 

 

Born in Torino

on 06/09/1969

- Fiscal Code : FRRGLC69P06L219A

 

 

Residence :

Via

Bianca Della Valle

, 19

- 10040

Rivalta di Torino

(TO)

- IT -

 

Ex-Postions

Temporary Auditor

 

Borroni

Giulio

 

 

Born in Mathi

on 05/12/1948

- Fiscal Code : BRRGLI48T05F053B

 

 

Residence :

Via

Onorato Castellino

, 11

- 10141

Torino

(TO)

- IT -

 

Ex-Postions

Director

 

Napione

Roberto

 

 

Born in Torino

on 01/03/1964

- Fiscal Code : NPNRRT64C01L219F

 

 

Residence :

Via

Stupinigi

, 140/8

- 10048

Vinovo

(TO)

- IT -

 

Ex-Postions

Attorney with special power

Institor

Institor

 

De Lucis Armando E C. S.a.s.

 

 

- Fiscal Code : 05636180019

 

Ex-Postions

Attorney with special power

 

Gay

Carlo

 

 

Born in Torino

on 12/11/1950

- Fiscal Code : GYACRL50S12G674Z

 

 

Residence :

Via

Juvarra

, 19

- 10069

Villar Perosa

(TO)

- IT -

 

Ex-Postions

Attorney with special power

 

Nada

Franco

 

 

Born in Torino

on 30/12/1962

- Fiscal Code : NDAFNC62T30L219U

 

 

Residence :

Via

Palmieri

, 14

- 10100

Torino

(TO)

- IT -

 

Ex-Postions

Temporary Auditor

 

Miglietta

Ezio

 

 

Born in Padova

on 29/08/1962

- Fiscal Code : MGLZEI62M29G224U

 

 

Residence :

Via

Grazia Deledda

, 20

- 10024

Moncalieri

(TO)

- IT -

 

Ex-Postions

Procurator

 

Bosco

Luca

 

 

Born in Chieri

on 08/05/1969

- Fiscal Code : BSCLCU69E08C627R

 

 

Residence :

Galleria

San Federico

, 54

- 10121

Torino

(TO)

- IT -

 

Ex-Postions

Temporary Auditor

 

PIERONI

ALBERTO

 

 

Born in MASSA

on 23/08/1960

- Fiscal Code : PRNLRT60M23F023F

 

 

Residence :

Via

CAMPONUOVO

, 8/A

- 54100

Massa

(MS)

- IT -

 

Ex-Postions

Procurator

 

Lantare'

Giancarlo

 

 

Born in Bibiana

on 07/05/1957

- Fiscal Code : LNTGCR57E07A853G

 

 

Residence :

Via

Olivet

, 21

- 10062

Luserna San Giovanni

(TO)

- IT -

 

Ex-Postions

Attorney with special power

 

Loustanau

Jean Gerard

 

 

Born in St. Andre' De Seignanx Landes

on 25/08/1947

- Fiscal Code : LSTJGR47M25Z110X

 

 

Residence :

Rue E. Et M. Cochard

, 4

Fondettes Indre Et Loire

- FR -

 

Ex-Postions

Procurator

 

Agnello

Maria Luisa

 

 

Born in Torino

on 01/03/1950

- Fiscal Code : GNLMLS50C41L219W

 

 

Residence :

Corso

Racconigi

, 105/BIS

- 10100

Torino

(TO)

- IT -

 

Ex-Postions

Procurator

 

Sthen

Tryggve

 

 

Born in Vasteras

on 28/12/1952

- Fiscal Code : STHTYG52T28Z132Y

 

 

Residence :

Golfbanev

, 24

Hovas

- SE -

 

Ex-Postions

Director

 

CEASINGS/INCORPORATIONS/MERGES:

 

The firm absorbed by merging of

 

 

 

SKF Cuscinetti Speciali S.p.A.

 

 

Corso

Vittorio Emanuele

, 48

, 10100

, Torino

(TO)

- IT -

 

 

Fiscal Code: 05366020013

 

 

Date

:

18/11/1992

 

The firm absorbed by merging of

 

 

 

Skf*componenti Industriali S.p.a.

 

 

Corso

Lombardia

, 7

, 10099

, San Mauro Torinese

(TO)

- IT -

 

 

Fiscal Code: 00515430015

 

 

Date

:

20/05/1994

 

Project of merging by taking over of

 

 

 

Skf Multitec S.p.a.

 

 

Corso

Giulio Cesare

, 424/29

, 10100

, Torino

(TO)

- IT -

 

 

 

Fiscal Code: 07722640013

 

 

Date

Merging/splitting-up project :

22/05/2007

 

The firm absorbed by merging of

 

 

 

Skf Multitec S.p.a.

 

 

Corso

Giulio Cesare

, 424/29

, 10100

, Torino

(TO)

- IT -

 

 

Fiscal Code: 07722640013

 

 

Date

:

31/10/2007

 

Project of merging by taking over of

 

 

 

Rft - S.p.a.

 

 

Via

Arcivescovado

, 1

, 10100

, Torino

(TO)

- IT -

 

 

Fiscal Code: 01047060015

 

 

Date

Merging/splitting-up project :

20/05/2010

 

Resolution of merging of

 

 

 

Rft - S.p.a.

 

 

Via

Arcivescovado

, 1

, 10100

, Torino

(TO)

- IT -

 

 

Fiscal Code: 01047060015

 

 

Date

:

14/07/2010

 

Project of merging by taking over of

 

 

 

Skf Lubrication Systems Italy S.r.l.

 

 

Via

Visconti Di Modrone Uberto

, 18

, 20122

, Milano

(MI)

- IT -

 

 

Fiscal Code: 00793090150

 

 

Date

Merging/splitting-up project :

27/06/2011

 

Resolution of merging of

 

 

 

Somecat - S.p.a.

 

 

Via

Savonera - Druento

, 15

, 10044

, Pianezza

(TO)

- IT -

 

 

Fiscal Code: 00511740011

 

 

Date

:

27/09/2011

 

Protests

 

Protests checking on the subject firm has given a negative result.

 

Legal Procedures

 

None reported, standing to the latest received edition of the Official Publications.

Financial and Economical Analysis

 

Company's starting of activities dates back to 1980.

An eco-fin analysis has been made on the base od the b/s fo the years 2008, 2009 and 2010.

Under the financial profile unstable results are noted. anyway in 2010 a positive result was achieved (r.o.e. 25,51%). Upward trend as to the turnover in the last financial year (+32,81%).

The return on Investment in the last financial year was positive (14,62%) and in line with the sector's average.

The amount of the operating result for the year 2010 is of Eur. 74.820.335 rising (+more then 100%) in relation to the previous year.

During the latest financial year the gross operating margin amounted to Eur. 98.753.935 showing an upward trend if compared to 2009.

Company's financial status is balanced since indebtedness is not high (1,54) with an improving trend as on the decrease.

It's shareholders funds amount to Eur. 176.870.292 , with an upward trend.

The financial management has recorded total debts amounting to Eur. 272.382.167, , showing an upward trend if compared to 2009.

Financial debts exposure is under control while the recourse to commercial credit is rather frequent but lined up with the field's average.

Liquidity is good (1,38)

Credits are collected in 82,6 days on the average. , in line with the sector's average.

During financial year 2010 the cash flow amounted to Eur. 68.997.679

During 2010 financial year labour costs amounted to Eur. 151.372.127, with a 17,4% incidence on production costs. and a 17,24% incidence on sales volumes.

Limited financial charges in relation to sales volume.


Financial Data

 

 

Complete balance-sheet for the year

31/12/2010

(in Eur

x 1 )

 

Item Type

Value

Sales

878.276.460

Profit (Loss) for the period

45.118.833

 

 

Complete balance-sheet for the year

31/12/2009

(in Eur

x 1 )

 

Item Type

Value

Sales

661.271.724

Profit (Loss) for the period

-19.514.606

 

 

Complete balance-sheet for the year

31/12/2008

(in Eur

x 1 )

 

Item Type

Value

Sales

906.151.129

Profit (Loss) for the period

21.274.500

 

 

Complete balance-sheet for the year

31/12/2007

(in Eur

x 1 )

 

Item Type

Value

Sales

901.762.315

Profit (Loss) for the period

15.823.090

 

 

Complete balance-sheet for the year

31/12/2006

(in Eur

x 1 )

 

Item Type

Value

Sales

838.576.241

Profit (Loss) for the period

6.141.074

 

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 31/12/2010 - 12 Mesi - Currency: Eur - Amounts x 1

 

- Balance Sheet as at 31/12/2009 - 12 Mesi - Currency: Eur - Amounts x 1

 

- Balance Sheet as at 31/12/2008 - 12 Mesi - Currency: Eur - Amounts x 1

 

Years

2010

2009

2008

BALANCE SHEET ACCOUNTS

 

ASSETS

 

 

 

CREDITS VS PARTNERS

 

 

 

. Deposits not yet withdrawn

 

 

 

. Deposits already withdrawn

 

 

 

Total credits vs partners

 

 

 

FIXED ASSETS

 

 

 

. INTANGIBLE FIXED ASSETS

 

 

 

. . Start-up and expansion expenses

 

 

 

. . Research,develop. and advert.expens.

 

 

 

. . Industrial patent rights

 

343.928

687.856

. . Concessions,licenses,trademarks,etc.

 

 

 

. . Goodwill

 

 

 

. . Assets in formation and advance paymen.

 

 

2.741.000

. . Other intangible fixed assets

 

 

16.010

. Total Intangible Fixed Assets

 

343.928

3.444.866

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

72.201.922

75.349.203

77.970.892

. . Plant and machinery

21.918.518

26.951.039

29.948.205

. . Industrial and commercial equipment

7.756.875

9.820.568

8.681.710

. . Other assets

2.371.063

2.455.464

2.649.287

. . Assets under construction and advances

4.853.052

5.923.995

8.416.315

. Total Tangible fixed assets

109.101.430

120.500.269

127.666.409

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

22.213.254

24.554.425

28.944.618

. . . Equity invest. in subsidiary companies

18.856.389

24.547.560

26.420.218

. . . Equity invest. in associated companies

3.350.000

 

2.517.535

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

6.865

6.865

6.865

. . Financial receivables

3.926.660

3.874.681

4.493.160

. . . . Within 12 months

1.758.935

1.324.595

1.268.082

. . . . Beyond 12 months

2.167.725

2.550.086

3.225.078

. . . Receivab due from subsidiaries

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from assoc.comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from holding comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from third parties

3.926.660

3.874.681

4.493.160

. . . . Within 12 months

1.758.935

1.324.595

1.268.082

. . . . Beyond 12 months

2.167.725

2.550.086

3.225.078

. . Other securities

 

 

 

. . Own shares

 

 

 

. . . Total nominal value

 

 

 

. Total financial fixed assets

26.139.914

28.429.106

33.437.778

Total fixed assets

135.241.344

149.273.303

164.549.053

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

34.609.912

26.706.861

28.639.199

. . Work in progress and semimanufactured

1.713.333

1.559.476

2.163.905

. . Work in progress on order

18.907

111.342

240.495

. . Finished goods

44.888.657

49.508.938

45.399.477

. . Advance payments

 

 

 

. Total Inventories

81.230.809

77.886.617

76.443.076

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

285.199.462

182.176.155

202.731.563

. . Beyond 12 months

3.972.478

5.035.875

2.178.548

. . Trade receivables

201.507.420

157.996.963

176.002.954

. . . . Within 12 months

201.507.420

157.996.963

176.002.954

. . . . Beyond 12 months

 

 

 

. . Receivables due from subsid. comp.

6.046.846

2.969.523

6.356.610

. . . . Within 12 months

6.046.846

2.969.523

6.356.610

. . . . Beyond 12 months

 

 

 

. . Receivables due from assoc. comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from holding comp.

 

5.052.149

6.525.959

. . . . Within 12 months

 

5.052.149

6.525.959

. . . . Beyond 12 months

 

 

 

. . Fiscal Receivables

1.661.921

3.414.963

3.217.840

. . . . Within 12 months

1.661.921

3.414.963

3.217.840

. . . . Beyond 12 months

 

 

 

. . Receivables for anticipated taxes

5.747.318

5.664.675

10.361.278

. . . . Within 12 months

1.774.840

628.800

8.182.730

. . . . Beyond 12 months

3.972.478

5.035.875

2.178.548

. . Receivables due from third parties

74.208.435

12.113.757

2.445.470

. . . . Within 12 months

74.208.435

12.113.757

2.445.470

. . . . Beyond 12 months

 

 

 

. Total Credits not held as fixed assets

289.171.940

187.212.030

204.910.111

. FINANCIAL ASSETS

 

 

 

. . Equity invest. in subsidiary comp.

5.691.171

 

 

. . Equity invest. in associated companies

 

 

 

. . Equity invest. in holding companies

 

 

 

. . Other equity investments

 

 

 

. . Own shares

 

 

 

. . . Total nominale value

 

 

 

. . Other securities

 

 

 

. Total Financial Assets

5.691.171

 

 

. LIQUID FUNDS

 

 

 

. . Bank and post office deposits

8.273

15.379

1.741.402

. . Checks

 

 

 

. . Banknotes and coins

57.478

49.404

57.176

. Total Liquid funds

65.751

64.783

1.798.578

Total current assets

376.159.671

265.163.430

283.151.765

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

 

 

 

. Other adjustment accounts

507.547

 

410.653

Total adjustments accounts

507.547

543.438

410.653

TOTAL ASSETS

511.908.562

414.980.171

448.111.471

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

54.600.000

54.600.000

54.600.000

. Additional paid-in capital

 

 

 

. Revaluation reserves

23.808.194

43.322.800

43.322.800

. Legal reserve

10.920.000

10.920.000

10.920.000

. Reserve for Own shares

 

 

 

. Statute reserves

 

 

 

. Other reserves

42.423.265

42.423.263

31.648.764

. Accumulated Profits (Losses)

 

 

 

. Profit( loss) of the year

45.118.833

-19.514.606

21.274.500

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

176.870.292

131.751.457

161.766.064

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

 

 

 

. . Taxation fund, also differed

332.285

251.822

498.328

. . Other funds

18.924.858

18.462.712

17.334.850

Total Reserves for Risks and Charges

19.257.143

18.714.534

17.833.178

Employee termination indemnities

43.374.764

45.172.625

49.827.826

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

272.382.167

217.628.566

217.121.689

. . . . Beyond 12 months

 

446.620

893.254

. . Bonds

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Convertible bonds repayable

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to shareholders for financing

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to banks

1.383.037

2.261.631

3.920.289

. . . . Within 12 months

1.383.037

2.261.631

3.920.289

. . . . Beyond 12 months

 

 

 

. . Due to other providers of finance

 

 

18.000.000

. . . . Within 12 months

 

 

18.000.000

. . . . Beyond 12 months

 

 

 

. . Advances from customers

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Trade payables

120.929.347

102.381.504

98.505.326

. . . . Within 12 months

120.929.347

102.381.504

98.505.326

. . . . Beyond 12 months

 

 

 

. . Securities issued

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to subsidiary companies

42.209.037

41.682.071

22.476.243

. . . . Within 12 months

42.209.037

41.682.071

22.476.243

. . . . Beyond 12 months

 

 

 

. . Due to associated companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to holding companies

55.185.354

44.725.643

45.358.929

. . . . Within 12 months

55.185.354

44.725.643

45.358.929

. . . . Beyond 12 months

 

 

 

. . Due to the tax authorities

7.166.553

4.295.568

4.903.686

. . . . Within 12 months

7.166.553

3.848.948

4.010.432

. . . . Beyond 12 months

 

446.620

893.254

. . Due to social security and welfare inst.

7.507.362

6.609.417

5.776.746

. . . . Within 12 months

7.507.362

6.609.417

5.776.746

. . . . Beyond 12 months

 

 

 

. . Other payables

38.001.477

16.119.352

19.073.724

. . . . Within 12 months

38.001.477

16.119.352

19.073.724

. . . . Beyond 12 months

 

 

 

Total accounts payable

272.382.167

218.075.186

218.014.943

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

24.196

 

669.460

Total adjustment accounts

24.196

1.266.369

669.460

TOTAL LIABILITIES

511.908.562

414.980.171

448.111.471

 

 

 

 

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

 

 

 

Investment accounts

 

 

 

Risk accounts

 

 

 

Civil and fiscal norms relation

 

 

 

 

 

 

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

 

 

 

. Revenues from sales and services

878.276.460

661.271.724

906.151.129

. Changes in work in progress

-2.982.028

-2.667.691

5.318.840

. Changes in semi-manufact. products

-92.435

-129.153

44.097

. Capitalization of internal work

 

 

1.226.000

. Other income and revenues

69.335.827

62.368.650

71.320.970

. . Contributions for operating expenses

489.500

932.944

431.277

. . Different income and revenues

68.846.327

61.435.706

70.889.693

Total value of production

944.537.824

720.843.530

984.061.036

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

552.442.405

409.811.804

592.962.016

. Services received

138.473.249

123.398.102

153.733.875

. Leases and rentals

4.520.537

4.374.383

4.144.804

. Payroll and related costs

151.372.127

132.025.534

146.039.574

. . Wages and salaries

106.523.048

91.768.469

103.003.481

. . Social security contributions

34.954.880

30.869.560

33.511.596

. . Employee termination indemnities

4.958.170

4.676.195

5.406.193

. . Pension and similar

3.655.418

3.209.625

3.124.832

. . Other costs

1.280.611

1.501.685

993.472

. Amortization and depreciation

23.878.846

25.873.960

27.530.257

. . Amortization of intangible fixed assets

343.928

359.938

356.736

. . Amortization of tangible fixed assets

22.613.918

24.902.760

26.344.870

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

921.000

611.262

828.651

. Changes in raw materials

-8.278.935

-1.133.287

-5.175.665

. Provisions to risk reserves

5.475.478

2.071.600

1.500.957

. Other provisions

 

 

 

. Other operating costs

1.833.782

2.219.762

2.453.056

Total production costs

869.717.489

698.641.858

923.188.874

Diff. between value and cost of product.

74.820.335

22.201.672

60.872.162

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

3.396.000

 

2.714.880

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

285.713

 

635.064

. . Financ.income from receivables

68.617

 

198.342

. . . Towards subsidiary companies

 

 

 

. . . Towards associated companies

 

 

 

. . . Towards holding companies

 

 

 

. . . Towards other companies

 

 

 

. . Financ.income from secur. t.f.assets

 

 

 

. . Financ.income from secur. cur.assets

 

 

 

. . Financ.income other than the above

217.096

 

436.722

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

 

 

 

. Interest and other financial expense

-5.697.684

-3.229.741

-5.875.367

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

 

-3.229.741

 

Total financial income and expense

-2.015.971

-3.229.741

-2.525.423

ADJUSTMENTS TO FINANCIAL ASSETS

 

 

 

. Revaluations

 

 

 

. . Of equity investments

 

 

 

. . Of financ.fixed assets not repres.E.I.

 

 

 

. . Of securities incl.among current assets

 

 

 

. Devaluation

-600.000

-27.060.004

-7.561.701

. . Of equity investments

-600.000

-27.060.004

-7.561.701

. . Of financial fixed assets (no equity inv)

 

 

 

. . Of securities included among current ass

 

 

 

Total adjustments to financial assets

-600.000

-27.060.004

-7.561.701

EXTRAORDINARY INCOME AND EXPENSE

 

 

 

. Extraordinary income

2.600.559

 

1.038.603

. . Gains on disposals

 

 

 

. . Other extraordinary income

2.600.559

 

1.038.603

. Extraordinary expense

-2.160.000

-1.981.584

-8.461.681

. . Losses on disposals

 

 

 

. . Taxes relating to prior years

 

 

 

. . Other extraordinary expense

-2.160.000

-1.981.584

-8.461.681

Total extraordinary income and expense

440.559

-1.981.584

-7.423.078

Results before income taxes

72.644.923

-10.069.657

43.361.960

. Taxes on current income

27.526.090

9.444.949

22.087.460

. . current taxes

7.513.099

9.444.949

17.802.633

. . differed taxes(anticip.)

633.277

 

4.284.827

. Net income for the period

45.118.833

-19.514.606

21.274.500

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

45.118.833

-19.514.606

21.274.500

 

RATIOS

Value Type

as at 31/12/2010

as at 31/12/2009

as at 31/12/2008

Sector Average

COMPOSITION ON INVESTMENT

 

 

 

 

 

Rigidity Ratio

Units

0,26

0,36

0,36

0,26

Elasticity Ratio

Units

0,73

0,64

0,63

0,73

Availability of stock

Units

0,16

0,19

0,17

0,23

Total Liquidity Ratio

Units

0,58

0,45

0,46

0,44

Quick Ratio

Units

0,01

0,00

0,00

0,02

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

1,54

1,65

1,33

1,74

Self Financing Ratio

Units

0,35

0,32

0,36

0,29

Capital protection Ratio

Units

0,44

0,73

0,53

0,64

Liabilities consolidation quotient

Units

0,16

0,21

0,23

0,22

Financing

Units

1,54

1,66

1,34

2,30

Permanent Indebtedness Ratio

Units

0,43

0,43

0,47

0,46

M/L term Debts Ratio

Units

0,08

0,11

0,11

0,11

Net Financial Indebtedness Ratio

Units

0,01

0,02

0,12

0,49

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

1,63

1,19

1,29

1,63

Current ratio

Units

1,38

1,22

1,30

1,32

Acid Test Ratio-Liquidity Ratio

Units

1,08

0,86

0,95

0,86

Structure's primary quotient

Units

1,31

0,88

0,98

1,05

Treasury's primary quotient

Units

0,02

0,00

0,00

0,04

Rate of indebtedness ( Leverage )

%

289,43

314,97

277,01

349,01

Current Capital ( net )

Value

103.777.504

47.534.864

66.030.076

753.266

RETURN

 

 

 

 

 

Return on Sales

%

7,86

0,96

5,38

5,13

Return on Equity - Net- ( R.O.E. )

%

25,51

- 14,81

13,15

7,27

Return on Equity - Gross - ( R.O.E. )

%

41,07

- 7,64

26,80

15,95

Return on Investment ( R.O.I. )

%

14,62

5,35

13,58

5,36

Return/ Sales

%

8,52

3,36

6,71

5,57

Extra Management revenues/charges incid.

%

60,30

- 87,90

34,94

42,11

Cash Flow

Value

68.997.679

6.359.354

48.804.757

344.143

Operating Profit

Value

74.820.335

22.201.672

60.872.162

359.007

Gross Operating Margin

Value

98.753.935

48.096.348

88.417.428

705.726

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

82,60

90,38

69,91

101,37

Debts to suppliers average term

Days

113,02

126,43

79,74

115,52

Average stock waiting period

Days

33,30

42,40

30,34

80,62

Rate of capital employed return ( Turnover )

Units

1,72

1,59

2,02

1,07

Rate of stock return

Units

10,81

8,49

11,85

4,40

Labour cost incidence

%

17,24

19,97

16,11

16,91

Net financial revenues/ charges incidence

%

- 0,23

- 0,49

- 0,27

- 1,19

Labour cost on purchasing expenses

%

17,40

18,90

15,81

17,25

Short-term financing charges

%

2,09

1,48

2,69

2,71

Capital on hand

%

58,29

62,75

49,45

93,00

Sales pro employee

Value

309.907

160.308

305.306

223.919

Labour cost pro employee

Value

53.412

32.006

49.204

35.625

 

Credit Opinion

 

On the basis of the above mentioned, and the sales volume obtained, we deem that the maximum exposure for short and medium term transactions ( 90 - 120 days ) could be of:

 

250.000Eur.

 

 

Market / Territory Data

 

Population living in the province

:

2.236.941

Population living in the region

:

4.330.172

Number of families in the region

:

1.889.207

 

Monthly family expenses average in the region (in Eur.) :

 

- per food products

:

429

- per non food products

:

1.789

- per energy consume

:

135

Sector Data

 

The values are calculated on a base of 918 significant companies.

The companies cash their credits on an average of 101 dd.

The average duration of suppliers debts is about 115 dd.

The sector's profitability is on an average of 5,13%.

The labour cost affects the turnover in the measure of 16,91%.

Goods are held in stock in a range of 80 dd.

The difference between the sales volume and the resources used to realize it is about 1,07.

The employees costs represent the 17,25% of the production costs.

 

Statistical Detrimental Data

 

The area is statistically considered moderately risky.

In the region 27.019 protested subjects are found; in the province they count to 16.723.

The insolvency index for the region is 0,63, , while for the province it is 0,76.

Total Bankrupt companies in the province : 7.726.

Total Bankrupt companies in the region : 14.165.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.38

UK Pound

1

Rs.79.20

Euro

1

Rs.67.84

 

 

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.