MIRA INFORM REPORT

 

 

Report Date :           

29.02.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

BONOMELLI - S.R.L.

 

 

Registered Office :

Via Mattei, 6,

40069 - Zola Predosa (BO)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

28.05.1985

 

 

Com. Reg. No.:

BO006-41231 since 19/02/1996

 

 

Legal Form :

Sole-Member Limited Liability Company

 

 

Line of Business :

Manufacture of bakery and farinaceous products

 

 

No. of Employees :

131 to 150 employee

 

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 :

300.000 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 

 

Bonomelli - S.r.l.

 

Via Mattei, 6

 

40069 - Zola Predosa  (BO) -IT-

 

 

Summary

 

Fiscal Code

:

03492910371

Legal Form

:

Sole-Member Limited Liability Company

start of Activities

:

28/05/1985

Equity

:

Over 2.582.254 Eur

Turnover Range

:

100.000.000/150.000.000 Eur

Number of Employees

:

from 131 to 150

Group

:

MONTENEGRO

 

 

Credit Analysis

 

Credit Opinion

:

300.000 - Eur

 

Activity

 

Manufacture of bakery and farinaceous products

Processing of te and other infusions

Manufacture of condiments and spices

Wholesale of coffee, tea, cocoa and spices

 

Legal Data

 

Legal Form : Sole-Member Limited Liability Company

Fiscal Code : 03492910371

 

Foreign Trade Reg. no. : BO028069 since 08/03/1993

 

Foreign Trade Reg. no. : 28069 of Bologna since 08/03/1993

 

Foreign Trade Reg. no. : 028069 of Bologna since 08/03/1993

 

Chamber of Commerce no. : 294516 of Bologna since 08/07/1985

 

Chamber of Commerce no. : 226278 of Foggia

 

Chamber of Commerce no. : 235452 of Lecco

 

Firms' Register : BO006-41231 since 19/02/1996

 

V.A.T. Code : 01590761209

 

Tribunal Co. Register : 41231 of Bologna since 27/06/1985

 

Foundation date

: 28/05/1985

Establishment date

: 28/05/1985

Start of Activities

: 28/05/1985

Legal duration

: 31/12/2050

Nominal Capital

: 8.500.000

Eur

Subscribed Capital

: 8.500.000

Eur

Paid up Capital

: 8.500.000

Eur

 

Members

 

 

Carroli

Roberto

 

 

 

Born in Bologna

(BO)

on 20/11/1953

- Fiscal Code : CRRRRT53S20A944J

 

 

 

Residence :

Via

Michelangelo

, 8

- 40033

Casalecchio di Reno

(BO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

29/06/2010

 

 

 

 

No Protests registered

 

 

Rizzoli

Roberto

 

 

 

Born in Bologna

(BO)

on 19/11/1949

- Fiscal Code : RZZRRT49S19A944E

 

 

 

Residence :

Via

Vito Volterra

, 3

- 40135

Bologna

(BO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

13/01/2010

 

 

Person in charge

 

 

 

General Director

23/12/1997

 

 

 

 

No Protests registered

 

 

Monetti

Giancarlo

 

 

 

Born in Bologna

(BO)

on 22/08/1946

- Fiscal Code : MNTGCR46M22A944R

 

 

 

Residence :

Via

Ronca

, 29

- 40050

Monte San Pietro

(BO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

18/04/2007

 

 

Attorney with special power

13/01/2010

 

 

General joint Manager

23/04/2001

 

 

 

 

No Protests registered

 

 

Casalini

Vanes

 

 

 

Born in Castello di Serravalle

(BO)

on 20/03/1958

- Fiscal Code : CSLVNS58C20C191W

 

 

 

Residence :

Via

La Pira

, 10

- 40100

Bologna

(BO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

29/06/2006

 

 

 

 

No Protests registered

 

 

Vannini

Andrea

 

 

 

Born in Bologna

(BO)

on 30/12/1959

- Fiscal Code : VNNNDR59T30A944Y

 

 

 

Residence :

Via

Don Marella

, 11

- 40100

Bologna

(BO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

29/06/2010

 

 

 

 

No Protests registered

 

 

Yea

Stefano

 

 

 

Born in Bologna

(BO)

on 02/02/1956

- Fiscal Code : YEASFN56B02A944B

 

 

 

Residence :

Via

Masini

, 54

- 40069

Zola Predosa

(BO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

18/04/2007

 

 

Attorney with special power

29/06/2010

 

 

 

 

No Protests registered

 

 

Dondi

Doriano

 

 

 

Born in Bologna

(BO)

on 08/04/1950

- Fiscal Code : DNDDRN50D08A944U

 

 

 

 

Residence :

Via

Ragazzi Del '99

, 3

- 40100

Bologna

(BO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

07/01/2002

 

 

 

 

No Protests registered

 

 

Pirazzoli

Gianluigi

 

 

 

Born in Bologna

(BO)

on 16/09/1948

- Fiscal Code : PRZGLG48P16A944Z

 

 

 

Residence :

Via

Masia

, 2/3

- 40100

Bologna

(BO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

07/01/2002

 

 

 

 

No Protests registered

 

 

Panzani

Andrea

 

 

 

Born in Sasso Marconi

(BO)

on 25/01/1962

- Fiscal Code : PNZNDR62A25A944N

 

 

 

 

Residence :

Via

Yuri Gagarin

, 46

- 40037

Sasso Marconi

(BO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

17/12/2008

 

 

 

 

No Protests registered

 

 

Montenegro S.r.l.

 

 

 

 

 

 

Residence :

Via

Enrico Fermi

, 4

- 40069

Zola Predosa

(BO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole partner

 

 

 

 

 

No Protests registered

 

 

Lucchini

Pierino

 

 

 

Born in Milano

(MI)

on 26/03/1930

- Fiscal Code : LCCPRN30C26F205V

 

 

 

Residence :

Via

Filippo Turati

, 32

- 20121

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Chairman

17/07/1992

 

 

Director

17/07/1992

 

 

 

 

No Protests registered

 

 

Bertacchi

Fabrizia

 

 

 

Born in Dolzago

(CO)

on 20/03/1965

- Fiscal Code : BRTFRZ65C60D327A

 

 

 

Residence :

Via

Giovanni Xxiii

, 24

- 23843

Dolzago

(LC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

29/06/2010

 

 

 

 

No Protests registered

 

 

Stucchi

Carlo

 

 

 

Born in Milano

(MI)

on 19/05/1955

- Fiscal Code : STCCRL55E19F205Z

 

 

 

Residence :

Via

Venosta Felice

, 29

- 20143

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

07/01/2002

 

 

 

 

No Protests registered

 

 

Silipo

Paolo

 

 

 

Born in Bologna

(BO)

on 11/10/1971

- Fiscal Code : SLPPLA71R11A944C

 

 

 

Residence :

Via

Della Quercia

, 24

- 40050

Monterenzio

(BO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

18/05/2009

 

 

 

 

No Protests registered

 

 

Fumagalli

Maria Elena

 

 

 

Born in Lecco

(CO)

on 30/10/1956

- Fiscal Code : FMGMLN56R70E507I

 

 

 

Residence :

Via

Fiume

, 36

- 20050

Sovico

(MB)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

29/06/2010

 

 

 

 

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.

 

 

RIZZOLI

ROBERTO

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

AM. COS. SERVIZI COMMERCIALI S.R.L.

Milano (MI) - IT -

12022780154

Director

Withdrawn

Ceased

B.M. INV. S.R.L.

Zola Predosa (BO) - IT -

04100230376

Attorney with special power

Withdrawn

Ceased

BONOMELLI - SOCIETA' PER AZIONI

Dolzago (CO) - IT -

00210010138

Attorney with special power

Withdrawn

Ceased

BONOMELLI HOLDING S.R.L.

Bologna (BO) - IT -

02329621201

Sole Director

Withdrawn

Ceased

BONOMELLI S.P.A.

Bologna (BO) - IT -

03657500371

Attorney with special power

Withdrawn

Ceased

BUTON S.P.A.

San Lazzaro di Savena (BO) - IT -

00304770373

Director

Withdrawn

Ceased

BUTON S.P.A.

San Lazzaro di Savena (BO) - IT -

00304770373

Director

Withdrawn

Ceased

BUTON S.P.A.

San Lazzaro di Savena (BO) - IT -

00304770373

Assistant board Chairman

Withdrawn

Ceased

CANNAMELA S.P.A.

Castel Maggiore (BO) - IT -

00338750136

Director

Withdrawn

Ceased

CANNAMELA S.P.A.

Castel Maggiore (BO) - IT -

00338750136

Attorney with special power

Withdrawn

Ceased

CANNAMELA S.P.A.

Castel Maggiore (BO) - IT -

00338750136

Board Chairman

Withdrawn

Ceased

CANNAMELA SPEZIE ED ERBE AROMATICHE S.R.L.

Bologna (BO) - IT -

02448351201

Sole Director

Active

Registered

COMPAGNIA SVILUPPI INDUSTRIALI ED IMMOBILIARI S.P.A.

Milano (MI) - IT -

02225831201

Sole Director

Withdrawn

Registered

GIO.*BUTON E C. S.P.A.

San Lazzaro di Savena (BO) - IT -

01026700375

Director

Withdrawn

Ceased

GIO.*BUTON E C. S.P.A.

San Lazzaro di Savena (BO) - IT -

01026700375

Assistant board Chairman

Withdrawn

Ceased

IMMOBILIARE*LU.PO.LA. S.R.L.

Bologna (BO) - IT -

02258420377

Director

Withdrawn

Ceased

MASSIMO D'AZEGLIO 19 S.R.L.

Bologna (BO) - IT -

02231440377

Director

Withdrawn

Ceased

MB INVESTIMENTI S.R.L.

Zola Predosa (BO) - IT -

01988881205

Procurator

Withdrawn

Ceased

MONFORTE*52 S.R.L.

Bologna (BO) - IT -

03669370375

Director

Withdrawn

Ceased

MONTENEGRO - S.P.A.

Zola Predosa (BO) - IT -

00308600378

Attorney with special power

Withdrawn

Ceased

MONTENEGRO S.R.L.

Zola Predosa (BO) - IT -

12654600159

Managing Director

Active

Registered

MONTENEGRO S.R.L.

Zola Predosa (BO) - IT -

12654600159

Director

Active

Registered

S.T.A. SVILUPPO TECNOLOGIE ALIMENTARI S.R.L. CON ABBEVAZIONE IN S.T.A. S.R.L.

Teramo (TE) - IT -

00819650672

Managing Director

Withdrawn

Ceased

S.T.A. SVILUPPO TECNOLOGIE ALIMENTARI S.R.L. CON ABBEVAZIONE IN S.T.A. S.R.L.

Teramo (TE) - IT -

00819650672

Director

Withdrawn

Ceased

SLL GROUP - S.R.L.

Bologna (BO) - IT -

02050770375

Director

Withdrawn

Registered

SLL GROUP - S.R.L.

Bologna (BO) - IT -

02050770375

Managing Director

Withdrawn

Registered

VITALIA S.R.L.

Casalecchio di Reno (BO) - IT -

00807510268

Sole Director

Withdrawn

Ceased

VITALIA S.R.L.

Casalecchio di Reno (BO) - IT -

00807510268

Attorney with special power

Withdrawn

Ceased

 

 

LUCCHINI

PIERINO

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

CAMPUS BIO-MEDICO S.P.A. IN FORMA ABBREVIATA CBM SPA

Milano (MI) - IT -

04050471004

Director

Active

Registered

CAMPUS BIO-MEDICO S.P.A. IN FORMA ABBREVIATA CBM SPA

Milano (MI) - IT -

04050471004

Board Chairman

Active

Registered

CBM SOCIETA' IN ACCOMANDITA PER AZIONI DI PAOLO ARULLANI PIERO LU CCHINI E C.

Milano (MI) - IT -

10303760150

General Partner

Active

Registered

FAI PARTECIPAZIONI S.R.L.

Milano (MI) - IT -

07554950969

Sole Director

Active

Registered

FAI PARTECIPAZIONI S.R.L.

Milano (MI) - IT -

07554950969

Sole partner

Active

Registered

FIDUCIARIA GIARDINI S.P.A.

Milano (MI) - IT -

05065450156

Director

Active

Registered

FIDUCIARIA GIARDINI S.P.A.

Milano (MI) - IT -

05065450156

Board Chairman

Active

Registered

IMMOBILIARE VERITAS SPA

Milano (MI) - IT -

06851160157

Temporary Auditor

Active

Registered

T.C.A. SPA

Milano (MI) - IT -

00869330159

 

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

Montenegro S.r.l.

Zola Predosa - IT -

12654600159

8.500.000 .Eur

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

Cannamela S.p.a.

Castel Maggiore - IT -

00338750136

960.609 .Eur

100,00

 

 

Ceased

Solengo S.p.a.

Teramo - IT -

01044760674

87.898.536 .Eur

97,36

 

 

Active

Caf Dell'industria Dell'emilia-romagna S.p.a. In Forma Abbreviata Cafindustria

Bologna - IT -

04165140379

104 .Eur

0,02

 

 

Active

P.r. S.r.l. Powerreserve Sport Foods In Forma Abbreviata P.r. S.r.l.

Belluno - IT -

00775970254

5.200 .Eur

25,00

 

 

Active

B.m. Inv. S.r.l.

Zola Predosa - IT -

04100230376

14.776.090 .Eur

57,22

 

 

Ceased

Vitalia S.r.l.

Casalecchio di Reno - IT -

00807510268

51.361 .Eur

51,00

 

 

Ceased

BONOMELLI INTERNATIONAL S.R.L.

 

02021490137

15.442 .Eur

99,66

 

 

Active

Tecnoalimenti Societa' Consortile Per Azioni

Milano - IT -

01213260878

4.853 .Eur

0,62

 

 

Active

 

Firm's location and structure

 

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

 

-

Legal and operative seat

 

since 30/06/1993

 

 

 

 

 

Via

Mattei

, 6

- 40069

- Zola Predosa

(BO)

- IT -

 

 

 

 

PHONE

: 051/6170521

 

 

 

 

PHONE

: 051/4998511

 

 

 

 

PHONE

: 0341/453111

 

 

 

 

FAX

: 051/4998555

 

 

 

 

FAX

: 0341/453153

 

 

 

 

Website

: WWW.CANNAMELA.IT

 

-

Branch

(Factory )

since 15/09/1992

 

 

 

 

 

Viale

Montecuccoli

, 1

- 22042

- Dolzago

(LC)

- IT -

 

 

 

 

PHONE

: 051/6170521

 

-

Branch

(office )

since 15/09/1992

 

 

 

 

 

Via

Enrico Fermi

, 4

- 40069

- Zola Predosa

(BO)

- IT -

 

 

 

 

PHONE

: 051/6170521

 

-

Branch

(Sales office )

since 31/07/2001

 

 

 

 

 

Via

San Lazzaro

, 6

- 40064

- Ozzano dell'Emilia

(BO)

- IT -

 

-

Branch

(Sales office )

since 01/01/2003

 

 

 

 

 

Via

Tomba Forella

, 3

- 40068

- San Lazzaro di Savena

(BO)

- IT -

 

 

 

 

PHONE

: 051/222545

 

-

Branch

(Factory )

since 31/07/2001

 

 

 

 

 

Via

Manfredonia

, KM. 5 Loc. BORGO ARPINOVA

- 71100

- Foggia

(FG)

- IT -

 

 

 

 

Employees

: 142

 

Fittings and Equipment for a value of 3.360.000

Eur

 

Stocks for a value of 8.420.000

Eur

 

 

 

The subject firm uses the following own selling brands:

- Bonomelli

 

- Cannamela

 

- Pizza Catari

 

- Polenta Valsugana

 

- Infre'

 

 

Historical Information and/or Firm's Status

 

CHANGES TO THE LEGAL FORM:

 

Former legal form

New legal form

Changement Date

Limited liability company

Sole-Member Limited Liability Company

02/07/1999

 

COMPANY STYLE MODIFICATIONS:

 

Former Style

New Style

Changement Date

Multifinanziaria Srl

Finimont Srl

25/02/1987

Finimont Srl

Bonomelli Srl

15/09/1992

 

EX-MEMBERS / EX-POSITIONS:

 

 

Sll Group - S.r.l.

 

 

- Fiscal Code : 02050770375

 

 

 

Residence :

Galleria

Cavour

, 4

- 40124

Bologna

(BO)

- IT -

 

Ex-Postions

Sole partner

 

 

Lucchini

Piero

 

 

 

Born in Milano

on 26/03/1930

- Fiscal Code : LCCPRI30C26F205Q

 

 

 

Residence :

Via

Tibaldi

, 59

- 20136

Milano

(MI)

- IT -

 

Ex-Postions

Chairman

Director

 

 

Ariotti

Ruggero

 

 

 

Born in BOLOGNA

on 29/09/1940

- Fiscal Code : RTTRGR40P29A944D

 

 

 

Residence :

Strada

MAGGIORE

, 31

- 40100

Bologna

(BO)

- IT -

 

Ex-Postions

Director

Managing Director

 

 

Lucchini

Piero

 

 

 

Born in MILANO

on 26/03/1930

 

 

 

Residence :

Via

TIBALDI

, 59

- 20100

Milano

(MI)

- IT -

 

Ex-Postions

Chairman

Director

 

 

Vitelli Recchioni

Filippo

 

 

 

Born in Bologna

on 19/04/1969

- Fiscal Code : VTLFPP69D19A944N

 

 

 

Residence :

Via

Mezzofanti

, 22

- 40100

Bologna

(BO)

- IT -

 

Ex-Postions

Director

 

 

Stucchi

Carlo

 

 

 

Born in Milano

on 19/05/1955

- Fiscal Code : STCCRL55E19F205Z

 

 

 

Residence :

Via

Venosta Felice

, 29

- 20143

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

 

Morreale

Carlo

 

 

 

Born in Oggiono

on 06/11/1962

- Fiscal Code : MRRCRL62S06G009G

 

 

 

Residence :

Via

Verdi

, 6

- 23884

Castello di Brianza

(LC)

- IT -

 

Ex-Postions

Attorney with special power

 

CEASINGS/INCORPORATIONS/MERGES:

 

 

The firm absorbed by merging of

 

 

 

Bofina Srl

 

 

 

, 20100

, Milano

(MI)

- IT -

 

 

 

Date

:

15/09/1992

 

 

The firm absorbed by merging of

 

 

 

S.a.m. Strategie Automazione Mercato - S.r.l.

 

 

 

Galleria

Cavour

, 4

, 40124

, Bologna

(BO)

- IT -

 

 

 

Fiscal Code: 03306860374

 

 

 

Date

:

31/12/1993

 

 

Project of merging by taking over of

 

 

 

Vitalia S.r.l.

 

 

 

Via

Mazzini

, 6

, 40033

, Casalecchio di Reno

(BO)

- IT -

 

 

 

Fiscal Code: 00807510268

 

 

 

Date

Merging/splitting-up project :

11/06/1999

 

 

The firm absorbed by merging of

 

 

 

Vitalia S.r.l.

 

 

 

Via

Mazzini

, 6

, 40033

, Casalecchio di Reno

(BO)

- IT -

 

 

 

Fiscal Code: 00807510268

 

 

 

Date

:

01/12/1999

 

 

The firm absorved

 

 

 

B.m. Inv. S.r.l.

 

 

 

Via

Mattei

, 6

, 40069

, Zola Predosa

(BO)

- IT -

 

 

 

Fiscal Code: 04100230376

 

 

 

Date

:

01/12/1999

 

 

The firm absorved

 

 

 

Vitalia S.r.l.

 

 

 

Via

Mazzini

, 6

, 40033

, Casalecchio di Reno

(BO)

- IT -

 

 

 

Fiscal Code: 00807510268

 

 

 

Date

:

01/12/1999

 

 

Project of merging by taking over of

 

 

 

Cannamela S.p.a.

 

 

 

Via

Andrea Costa

, 12-14

, 40013

, Castel Maggiore

(BO)

- IT -

 

 

 

Fiscal Code: 00338750136

 

 

 

Date

Merging/splitting-up project :

13/04/2001

 

 

The firm absorbed by merging of

 

 

 

Cannamela S.p.a.

 

 

 

Via

Andrea Costa

, 12-14

, 40013

, Castel Maggiore

(BO)

- IT -

 

 

 

Fiscal Code: 00338750136

 

 

 

Date

:

31/07/2001

 

 

The firm absorved

 

 

 

Cannamela S.p.a.

 

 

 

Via

Andrea Costa

, 12-14

, 40013

, Castel Maggiore

(BO)

- IT -

 

 

 

Fiscal Code: 00338750136

 

 

 

Date

:

31/07/2001

 

Splitting-up and setting-up of a new company

 

 

 

BONOMELLI HOLDING S.R.L. SCISSIONE PARZIALE

 

 

 

, 40100

, Bologna

(BO)

- IT -

 

 

 

Date

Splitting-up :

20/01/2003




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.

 

Bankers

 

The firm operates with:

 

Bank Name

Agency Name

Address

ZIP Code

City

ABI Code

CAB Code

CREDITO EMILIANO SPA

FILIALE DI CASALECCHIO DI RENO

VIA PORRETTANA, 390

40033

Casalecchio di Reno (BO)

3032

36670

 

Financial and Economical Analysis

 

Subject is active since 1985

The economic-financial analysis has been made on the base of the b/s of the latests three years.

Under an economic point of view, profits were registered during the last years with a r.o.e. of 3,82% in 2010 but without a significant increase in the turnover.

The operating result in 2010 was positive (6,44%) falling within the field's average.

The amount of the operating result for the year 2010 is of Eur. 6.321.088 ,showing stability in respect to the value of 2009.

The economic management produced a gross operating margin of Eur. 16.194.777 on the same levels as the previous financial year.

The company has an excellent net worth if compared to its debts, with a low indebtedness (0,39) which is yet rising if compared to 2009.

Subject can manage an equity capital funds for an amount of Eur. 63.706.013 , unchanged if compared to 2009.

Total indebtedness amounts to Eur. 30.833.697, with a growth equal to 30,77%.

Moderate recourse to bank credit while the exposure towards suppliers is rather high but lined up with the field's average.

It shows a good range of liquidity.

Trade credits average terms are 85,63 days. , on the same levels as the sector's average.

2010 financial year closed with a cash flow of Eur. 12.305.222

Labour cost amounts to Eur. 8.766.059, with a 8,64% incidence on production costs. and a 8,19% incidence on sales volumes.

High incidence of financial charges on turnover.



Financial Data

 

 

 

Complete balance-sheet for the year

31/12/2010

(in Eur

x 1 )

 

Item Type

Value

Sales

107.037.756

Profit (Loss) for the period

2.436.249

 

 

 

Complete balance-sheet for the year

31/12/2009

(in Eur

x 1 )

 

Item Type

Value

Sales

105.829.383

Profit (Loss) for the period

2.768.312

 

 

 

Complete balance-sheet for the year

31/12/2008

(in Eur

x 1 )

 

Item Type

Value

Sales

113.553.865

Profit (Loss) for the period

4.426.465

 

 

 

Complete balance-sheet for the year

31/12/2007

(in Eur

x 1 )

 

Item Type

Value

Sales

103.916.689

Profit (Loss) for the period

2.003.025

 

 

 

Complete balance-sheet for the year

31/12/2006

(in Eur

x 1 )

 

Item Type

Value

Sales

99.824.568

Profit (Loss) for the period

826.854


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

870

1.283

249

. . Concessions,licenses,trademarks,etc.

17.244.182

15.266.840

20.685.575

. . Goodwill

4.260.000

6.390.000

8.623.291

. . Assets in formation and advance paymen.

 

 

 

. . Other intangible fixed assets

309.159

442.207

590.600

. Total Intangible Fixed Assets

21.814.211

22.100.330

29.899.715

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

7.753.549

8.156.470

8.559.390

. . Plant and machinery

2.938.532

3.242.806

3.550.158

. . Industrial and commercial equipment

426.335

221.277

304.989

. . Other assets

83.206

127.117

156.172

. . Assets under construction and advances

12.660

115.500

39.335

. Total Tangible fixed assets

11.214.282

11.863.170

12.610.044

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

1.806.436

1.806.436

1.806.436

. . . Equity invest. in subsidiary companies

 

 

 

. . . Equity invest. in associated companies

1.770.067

1.770.067

1.770.067

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

36.369

36.369

36.369

. . Financial receivables

7.078

8.378

8.669

. . . . Within 12 months

7.078

8.378

 

. . . . Beyond 12 months

 

 

8.669

. . . 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

7.078

8.378

8.669

. . . . Within 12 months

7.078

8.378

 

. . . . Beyond 12 months

 

 

8.669

. . Other securities

 

 

 

. . Own shares

 

 

 

. . . Total nominal value

 

 

 

. Total financial fixed assets

1.813.514

1.814.814

1.815.105

Total fixed assets

34.842.007

35.778.314

44.324.864

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

4.454.347

4.327.292

5.088.814

. . Work in progress and semimanufactured

346.922

778.808

164.625

. . Work in progress on order

 

 

 

. . Finished goods

3.619.091

3.422.306

3.658.039

. . Advance payments

 

 

 

. Total Inventories

8.420.360

8.528.406

8.911.478

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

42.076.035

37.897.438

31.127.271

. . Beyond 12 months

6.834.859

6.055.222

5.309.440

. . Trade receivables

25.460.607

25.489.192

25.233.126

. . . . Within 12 months

25.460.607

25.489.192

25.233.126

. . . . Beyond 12 months

 

 

 

. . Receivables due from subsid. comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from assoc. comp.

 

1.418.736

942.538

. . . . Within 12 months

 

1.418.736

942.538

. . . . Beyond 12 months

 

 

 

. . Receivables due from holding comp.

15.922.866

10.528.522

4.295.969

. . . . Within 12 months

15.922.866

10.528.522

4.295.969

. . . . Beyond 12 months

 

 

 

. . Fiscal Receivables

205.178

320.199

251.508

. . . . Within 12 months

 

141.220

251.508

. . . . Beyond 12 months

205.178

178.979

 

. . Receivables for anticipated taxes

7.154.926

6.098.488

5.516.450

. . . . Within 12 months

525.245

222.245

207.010

. . . . Beyond 12 months

6.629.681

5.876.243

5.309.440

. . Receivables due from third parties

167.317

97.523

197.120

. . . . Within 12 months

167.317

97.523

197.120

. . . . Beyond 12 months

 

 

 

. Total Credits not held as fixed assets

48.910.894

43.952.660

36.436.711

. FINANCIAL ASSETS

 

 

 

. . Equity invest. in subsidiary comp.

80.350

80.350

80.350

. . Equity invest. in associated companies

12.911

12.911

12.911

. . Equity invest. in holding companies

 

 

 

. . Other equity investments

1.182

682

682

. . Own shares

 

 

 

. . . Total nominale value

 

 

 

. . Other securities

 

 

 

. Total Financial Assets

94.443

93.943

93.943

. LIQUID FUNDS

 

 

 

. . Bank and post office deposits

5.812.428

67.384

150.805

. . Checks

 

 

 

. . Banknotes and coins

7.554

10.275

6.951

. Total Liquid funds

5.819.982

77.659

157.756

Total current assets

63.245.679

52.652.668

45.599.888

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

 

 

 

. Other adjustment accounts

44.401

42.052

34.780

Total adjustments accounts

44.401

42.052

34.780

TOTAL ASSETS

98.132.087

88.473.034

89.959.532

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

8.500.000

8.500.000

8.500.000

. Additional paid-in capital

 

 

 

. Revaluation reserves

20.039.440

20.039.440

20.039.440

. Legal reserve

2.044.785

1.906.370

1.685.047

. Reserve for Own shares

 

 

 

. Statute reserves

 

 

 

. Other reserves

30.685.539

28.055.643

23.850.501

. Accumulated Profits (Losses)

 

 

 

. Profit( loss) of the year

2.436.249

2.768.312

4.426.465

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

63.706.013

61.269.765

58.501.453

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

 

 

 

. . Taxation fund, also differed

153.122

188.659

220.905

. . Other funds

1.681.372

1.528.672

1.723.129

Total Reserves for Risks and Charges

1.834.494

1.717.331

1.944.034

Employee termination indemnities

1.753.380

1.907.713

1.974.169

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

30.833.697

23.514.210

27.341.829

. . . . Beyond 12 months

 

63.565

196.734

. . 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

5.818.322

1.118.600

838.091

. . . . Within 12 months

5.818.322

1.118.600

838.091

. . . . Beyond 12 months

 

 

 

. . Due to other providers of finance

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Advances from customers

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Trade payables

19.679.715

17.417.920

21.070.606

. . . . Within 12 months

19.679.715

17.417.920

21.070.606

. . . . Beyond 12 months

 

 

 

. . Securities issued

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to subsidiary companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to associated companies

43.435

156.631

422.191

. . . . Within 12 months

43.435

156.631

422.191

. . . . Beyond 12 months

 

 

 

. . Due to holding companies

2.400.125

1.869.549

1.608.640

. . . . Within 12 months

2.400.125

1.869.549

1.608.640

. . . . Beyond 12 months

 

 

 

. . Due to the tax authorities

382.321

464.547

475.386

. . . . Within 12 months

382.321

400.982

278.652

. . . . Beyond 12 months

 

63.565

196.734

. . Due to social security and welfare inst.

424.888

420.085

424.594

. . . . Within 12 months

424.888

420.085

424.594

. . . . Beyond 12 months

 

 

 

. . Other payables

2.084.891

2.130.443

2.699.055

. . . . Within 12 months

2.084.891

2.130.443

2.699.055

. . . . Beyond 12 months

 

 

 

Total accounts payable

30.833.697

23.577.775

27.538.563

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

4.503

450

1.313

Total adjustment accounts

4.503

450

1.313

TOTAL LIABILITIES

98.132.087

88.473.034

89.959.532

 

 

 

 

 

 

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

107.037.756

105.829.383

113.553.865

. Changes in work in progress

363.134

378.450

-199.559

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

 

 

 

. Other income and revenues

404.366

544.169

714.957

. . Contributions for operating expenses

 

 

 

. . Different income and revenues

404.366

544.169

714.957

Total value of production

107.805.256

106.752.002

114.069.263

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

25.623.035

26.400.252

31.887.844

. Services received

54.479.374

53.346.632

55.389.505

. Leases and rentals

1.187.133

1.163.308

1.159.894

. Payroll and related costs

8.766.059

8.731.405

8.529.508

. . Wages and salaries

6.302.746

6.288.405

6.141.537

. . Social security contributions

2.020.511

1.964.022

1.961.311

. . Employee termination indemnities

442.802

478.978

426.660

. . Pension and similar

 

 

 

. . Other costs

 

 

 

. Amortization and depreciation

9.868.973

9.529.340

9.487.843

. . Amortization of intangible fixed assets

8.208.813

7.818.748

7.844.449

. . Amortization of tangible fixed assets

1.439.989

1.412.836

1.423.225

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

220.171

297.756

220.169

. Changes in raw materials

471.179

761.523

-1.227.756

. Provisions to risk reserves

 

 

 

. Other provisions

471.681

270.627

237.409

. Other operating costs

616.734

755.833

799.008

Total production costs

101.484.168

100.958.920

106.263.255

Diff. between value and cost of product.

6.321.088

5.793.082

7.806.008

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

 

 

 

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

202.530

148.247

140.932

. . Financ.income from receivables

45

45

45

. . . 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

202.485

148.202

140.887

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

 

 

 

. Interest and other financial expense

-2.294.127

-1.454.311

-1.574.963

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

 

-15.458

32.222

Total financial income and expense

-2.091.597

-1.306.064

-1.434.031

ADJUSTMENTS TO FINANCIAL ASSETS

 

 

 

. Revaluations

 

 

 

. . Of equity investments

 

 

 

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

 

 

 

. . Of securities incl.among current assets

 

 

 

. Devaluation

 

 

 

. . Of equity investments

 

 

 

. . Of financial fixed assets (no equity inv)

 

 

 

. . Of securities included among current ass

 

 

 

Total adjustments to financial assets

 

 

 

EXTRAORDINARY INCOME AND EXPENSE

 

 

 

. Extraordinary income

 

 

 

. . Gains on disposals

 

 

 

. . Other extraordinary income

 

 

 

. Extraordinary expense

 

 

 

. . Losses on disposals

 

 

 

. . Taxes relating to prior years

 

 

 

. . Other extraordinary expense

 

 

 

Total extraordinary income and expense

 

 

 

Results before income taxes

4.229.491

4.487.018

6.371.977

. Taxes on current income

1.793.242

1.718.706

1.945.512

. . current taxes

2.881.000

2.300.000

3.082.009

. . differed taxes(anticip.)

-1.087.758

-581.294

-1.136.497

. Net income for the period

2.436.249

2.768.312

4.426.465

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

2.436.249

2.768.312

4.426.465

 

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

0,36

0,40

0,49

0,36

Elasticity Ratio

Units

0,64

0,60

0,50

0,58

Availability of stock

Units

0,09

0,10

0,09

0,12

Total Liquidity Ratio

Units

0,56

0,50

0,40

0,42

Quick Ratio

Units

0,06

0,00

0,00

0,01

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

0,39

0,38

0,46

2,08

Self Financing Ratio

Units

0,65

0,69

0,65

0,22

Capital protection Ratio

Units

0,83

0,82

0,77

0,66

Liabilities consolidation quotient

Units

0,06

0,08

0,07

0,27

Financing

Units

0,48

0,38

0,47

3,08

Permanent Indebtedness Ratio

Units

0,67

0,71

0,67

0,46

M/L term Debts Ratio

Units

0,02

0,02

0,02

0,12

Net Financial Indebtedness Ratio

Units

0,00

0,02

0,01

0,69

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

1,88

1,77

1,36

1,16

Current ratio

Units

2,05

2,24

1,66

1,14

Acid Test Ratio-Liquidity Ratio

Units

1,78

1,88

1,34

0,86

Structure's primary quotient

Units

1,83

1,71

1,31

0,68

Treasury's primary quotient

Units

0,19

0,01

0,00

0,02

Rate of indebtedness ( Leverage )

%

154,04

144,40

153,77

438,55

Current Capital ( net )

Value

32.411.982

29.138.458

18.258.059

177.800

RETURN

 

 

 

 

 

Return on Sales

%

11,50

11,62

12,25

4,57

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

%

3,82

4,52

7,56

4,28

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

%

6,64

7,32

10,89

11,42

Return on Investment ( R.O.I. )

%

6,44

6,55

8,67

3,74

Return/ Sales

%

5,91

5,47

6,87

3,72

Extra Management revenues/charges incid.

%

38,54

47,79

56,70

25,24

Cash Flow

Value

12.305.222

12.297.652

13.914.308

140.498

Operating Profit

Value

6.321.088

5.793.082

7.806.008

117.422

Gross Operating Margin

Value

16.194.777

15.325.128

17.296.225

261.449

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

85,63

86,71

79,99

110,74

Debts to suppliers average term

Days

97,98

86,51

94,03

117,18

Average stock waiting period

Days

28,32

29,01

28,22

43,75

Rate of capital employed return ( Turnover )

Units

1,09

1,20

1,26

0,99

Rate of stock return

Units

12,71

12,41

12,74

8,23

Labour cost incidence

%

8,19

8,25

7,51

15,09

Net financial revenues/ charges incidence

%

- 1,95

- 1,23

- 1,26

- 1,50

Labour cost on purchasing expenses

%

8,64

8,65

8,02

14,79

Short-term financing charges

%

7,44

6,17

5,71

2,72

Capital on hand

%

91,68

83,60

79,22

100,97

Sales pro employee

Value

817.082

789.771

834.954

231.895

Labour cost pro employee

Value

66.916

65.159

62.716

32.825

 

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:

 

300.000 Eur.

 

 

Market / Territory Data

 

Population living in the province

:

944.297

Population living in the region

:

4.151.369

Number of families in the region

:

1.748.359

 

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

 

- per food products

:

425

- per non food products

:

2.063

- per energy consume

:

143

 

Sector Data

 

The values are calculated on a base of 335 significant companies.

 

The companies cash their credits on an average of 110 dd.

The average duration of suppliers debts is about 117 dd.

The sector's profitability is on an average of 4,57%.

The labour cost affects the turnover in the measure of 15,09%.

Goods are held in stock in a range of 43 dd.

The difference between the sales volume and the resources used to realize it is about 0,99.

The employees costs represent the 14,79% of the production costs.

 

Statistical Detrimental Data


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.49.14

UK Pound

1

Rs.77.86

Euro

1

Rs.66.06

 

 

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.