MIRA INFORM REPORT

 

 

Report Date :           

15.03.2012

 

IDENTIFICATION DETAILS

 

Name :

GIEMINOX TECTUBI RACCORDI S.R.L.

 

 

Registered Office :

Via Lago Di Vico,22,

36015 – Schio (VI)

 

 

Country :

Italy

 

 

Date of Incorporation :

27.01.2011

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of soldered tubes and pipes

 

 

No. of Employees :

36 to 50 Employee

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New company

 

 

Payment Behaviour :

Unknown

 

 

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 

 

Gieminox Tectubi Raccordi S.r.l.

 

Via Lago Di Vico, 22

 

36015 - Schio (VI) -IT-

 

 

Summary

 

Fiscal Code

:

03670350242

Legal Form

:

Limited liability company

start of Activities

:

01/02/2011

Number of Employees

:

from 36 to 50

 

 

Highlights

 

The company under review has been established to take over the assets of a

 

previous established Gieminox (in 1980), now LWP Srl.

 

The new-co. has been established to face the crisis of the market started in 2008.

 

Nowadays the management has found a new important partner (Valter Alberici of Allied

 

International Group) and foresees for the end of 2012 a turnover of EUR 15 mio.

 

Also employees number should be increased during the year.

 

On the base of the results of our investigation, we think that business transactions

 

on credit basis are feasible even though a proper credit opinion cannot be

 

rated.

 

Activity

 

Manufacture of soldered tubes and pipes and similars

 

Legal Data

 

Legal Form : Limited liability company

Fiscal Code : 03670350242

 

Chamber of Commerce no. : 344108 of Vicenza since 04/02/2011

 

V.A.T. Code : 03670350242

 

Establishment date

: 27/01/2011

Start of Activities

: 01/02/2011

Legal duration

: 31/12/2050

Nominal Capital

: 2.000.000

Eur

Subscribed Capital

: 2.000.000

Eur

Paid up Capital

: 2.000.000

Eur

 

Members

 

 

Giusivi

Gian Piero

 

 

 

Born in Pecorara

(PC)

on 13/04/1962

- Fiscal Code : GSVGPR62D13G399O

 

 

 

Residence :

Via

Montebello

, 41

- 29100

Piacenza

(PC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

11/02/2011

 

 

 

 

No Protests registered

 

 

Alberici

Valter

 

 

 

Born in Borgonovo Val Tidone

(PC)

on 30/08/1960

- Fiscal Code : LBRVTR60M30B025P

 

 

 

Residence :

Via

Sozzi

, 2

- 29010

Nibbiano

(PC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Managing Director

11/02/2011

 

 

Director

11/02/2011

 

 

Board Chairman

11/02/2011

 

 

 

 

No Protests registered

 

 

Lucietto

Umberto

 

 

 

Born in Schio

(VI)

on 28/03/1979

- Fiscal Code : LCTMRT79C28I531F

 

 

 

Residence :

Via

Sette Comuni

, 3

- 36015

Schio

(VI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Managing Director

11/02/2011

 

 

Director

11/02/2011

 

 

Assistant board Chairman

11/02/2011

 

 

 

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.

 

 

ALBERICI

VALTER

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

ALLIED INTERNATIONAL S.R.L.

Nibbiano (PC) - IT -

01294450331

Director

Active

Registered

ALLIED INTERNATIONAL S.R.L.

Nibbiano (PC) - IT -

01294450331

Managing Director

Active

Registered

ALLIED INTERNATIONAL S.R.L.

Nibbiano (PC) - IT -

01294450331

Board Chairman

Active

Registered

CARBO GAM S.P.A.

Carbonara Scrivia (AL) - IT -

02272750064

Director

Active

Registered

CARBO GAM S.P.A.

Carbonara Scrivia (AL) - IT -

02272750064

Assistant board Chairman

Active

Registered

CARIM S.R.L.

Milano (MI) - IT -

04662830969

Sole Director

Active

Registered

ERREFFE S.R.L.

Rivanazzano (PV) - IT -

02115380186

Sole Director

Withdrawn

Registered

GREFE S.R.L.

Nibbiano (PC) - IT -

01379580333

Sole Director

Withdrawn

Registered

I.S. INTERNATIONAL S.R.L.

Castel San Giovanni (PC) - IT -

01047560337

Sole Director

Withdrawn

Ceased

I.S. INTERNATIONAL S.R.L.

Castel San Giovanni (PC) - IT -

01526670334

Sole Director

Active

Registered

OMP-MONGIARDINO S.R.L.

Genova (GE) - IT -

01925810994

Director

Active

Registered

OMP-MONGIARDINO S.R.L.

Genova (GE) - IT -

01925810994

Assistant board Chairman

Active

Registered

RACCORDI FORGIATI S.R.L.

Nibbiano (PC) - IT -

01422090330

Sole Director

Active

Registered

TECTUBI RACCORDI S.P.A.

Podenzano (PC) - IT -

01230470997

Managing Director

Active

Registered

TECTUBI RACCORDI S.P.A.

Podenzano (PC) - IT -

01230470997

Director

Active

Registered

TECTUBI RACCORDI S.P.A.

Podenzano (PC) - IT -

01230470997

Managing Director

Withdrawn

Registered

TECTUBI RACCORDI S.P.A.

Podenzano (PC) - IT -

01230470997

Board Chairman

Active

Registered

 

 

LUCIETTO

UMBERTO

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

ECOR RESEARCH S.P.A.

Schio (VI) - IT -

03511040242

Director

Active

Registered

LUCIETTO S.R.L.

Schio (VI) - IT -

03576090249

Director

Withdrawn

Registered

LWP S.R.L.

Schio (VI) - IT -

01246510240

Managing Director

Withdrawn

Registered

LWP S.R.L.

Schio (VI) - IT -

01246510240

Director

Withdrawn

Registered

PALAZZO CARDUCCI S.R.L.

Schio (VI) - IT -

03170450245

Managing Director

Active

Registered

PALAZZO CARDUCCI S.R.L.

Schio (VI) - IT -

03170450245

Director

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

Tectubi Raccordi S.p.a.

Podenzano - IT -

01230470997

1.400.000 .Eur

70,00

Ecor Research S.p.a.

Schio - IT -

03511040242

600.000 .Eur

30,00

 

Direct Participations

 

The Company under review has no participations in other Companies.

 

Firm's location and structure

 

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

 

-

Legal and operative seat

 

 

 

 

 

 

Via

Lago Di Vico

, 22

- 36015

- Schio

(VI)

- IT -

 

 

 

 

PHONE

: 0445/575959

 

 

 

 

FAX

: 0445/575305

 

 

 

 

Employees

: 42

 

 

 

 

 

 

 

Historical Information and/or Firm's Status

 

EX-MEMBERS / EX-POSITIONS:

 

 

Lwp S.r.l.

 

 

- Fiscal Code : 01246510240

 

 

 

Residence :

Via

Lago Di Vico

, 22

- 36015

Schio

(VI)

- IT -

 

Ex-Postions

Sole partner

 

 

Lucietto

Sergio

 

 

 

Born in Schio

on 26/04/1946

- Fiscal Code : LCTSRG46D26I531L

 

 

 

Residence :

Via

Brolo Del Conte

, 6

- 36015

Schio

(VI)

- IT -

 

Ex-Postions

Director

Board Chairman

 

 

Lucietto

Giovanna

 

 

 

Born in Schio

on 23/04/1983

- Fiscal Code : LCTGNN83D63I531V

 

 

 

Residence :

Via

Brolo Del Conte

, 6

- 36015

Schio

(VI)

- IT -

 

Ex-Postions

Director

 

CEASINGS/INCORPORATIONS/MERGES:

 

 

The firm absorbed by merging of

 

 

 

Lwp S.r.l.

 

 

 

Via

Lago Di Vico

, 22

, 36015

, Schio

(VI)

- IT -

 

 

 

Fiscal Code: 01246510240

 

 

 

Date

:

27/01/2011

 

Protests

 

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

 

Data Base Prejudicial Events Search

 

Search performed on a National Scale

 

 

 

Prejudicial Events Search Result: NEGATIVE

 

Search performed on a specialized data base.

 

Legal Procedures

 

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

 

 

Market / Territory Data

 

Population living in the province

:

831.356

Population living in the region

:

4.699.950

Number of families in the region

:

1.813.210

 

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

 

- per food products

:

456

- per non food products

:

2.052

- per energy consume

:

127

 

Sector Data

 

The values are calculated on a base of 185 significant companies.

 

The companies cash their credits on an average of 119 dd.

The average duration of suppliers debts is about 130 dd.

The sector's profitability is on an average of 4,84%.

The labour cost affects the turnover in the measure of 12,07%.

Goods are held in stock in a range of 62 dd.

The difference between the sales volume and the resources used to realize it is about 1,21.

The employees costs represent the 12,51% of the production costs.

 

 

Statistical Detrimental Data

 

The area is statistically considered lowly risky.

In the region 13.782 protested subjects are found; in the province they count to 2.234.

The insolvency index for the region is 0,30, , while for the province it is 0,27.

Total Bankrupt companies in the province : 2.546.

Total Bankrupt companies in the region : 16.714.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.90

UK Pound

1

Rs.78.15

Euro

1

Rs.65.09

 

 

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.