MIRA INFORM REPORT

 

 

Report Date :

09.11.2013

 

IDENTIFICATION DETAILS

 

Name :

SANTONI S.P.A.

 

 

Registered Office :

Via Carlo Fenzi, 14 25100 – Brescia (BS) – IT -

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

22.12.1961

 

 

Legal Form :

Joint stock company

 

 

Line of Business :

Manufacture of textile machinery, machinery and systems for auxiliary y treatment of textiles, sewing and weaving machines (including spar e parts and accessories)

 

 

No. of Employees :

251 to 500

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but correct

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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Italy

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

ITALY - ECONOMIC OVERVIEW

 

Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is high. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, topping 126% of GDP in 2012, and investor concerns about the broader euro-zone crisis at times have caused borrowing costs on sovereign government debt to rise to euro-era. During the second half of 2011 the government passed three austerity packages to reduce its budget deficit and help bring down borrowing costs. These measures included a hike in the value-added tax, pension reforms, and cuts to public administration. The government also faces pressure from investors and European partners to sustain its recent efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2012 economic growth and labor market conditions deteriorated, with growth at -2.3% and unemployment rising to nearly 11%, with youth unemployment around 35%. The government has undertaken several reform initiatives designed to increase long-term economic growth. Italy's GDP is now 7% below its 2007 pre-crisis level

Source : CIA

Company name and address

 

Santoni S.p.A.

 

Via

Carlo Fenzi,

14

 

25100

- Brescia

(BS)

-IT-

 

 

Summary

 

Fiscal Code

:

00273280172

Legal Form

:

Joint stock company

start of Activities

:

22/12/1961

Equity

:

Over 2.582.254

Turnover Range

:

50.000.000/75.000.000

Number of Employees

:

from 251 to 500

 

 

Highlights

 

Press review dated 23.02.09: further to Santoni’s recent decision to

 

cut back its workforce, Mr Tiberio Lonati explained that Santoni’s position

 

on the matter. Here is the company’s response: Referring to the latest

 

news on magazines and the internet sites Santoni SpA underlines the following:

 

Due to the worldwide economic crisis and specifically 2009, Santoni SpA

 

has been forced to temporarily reduce its production, using government

 

aids and support (cassa integrazione) and is not firing its own employees.

 

Santoni spa does not want to loose its existing technical and professional

 

skills. In addition, Santoni herewith confirms its increase in its Research

 

eamp; Development strategy for new products in order to be one hundred percent

 

ready for the economic recovery.

 

Activity

 

Manufacture of textile machinery, machinery and systems for auxiliary y treatment of textiles, sewing and weaving machines (including spar e parts and accessories)

Wholesale of machinery for the textile industry and sewing and kniting machines

 

Legal Data

 

Legal Form : Joint stock company

Fiscal Code : 00273280172

 

Foreign Trade Reg. no. : BS036084 since 03/03/1992

 

Chamber of Commerce no. : 19526 of Brescia since 23/01/1962

 

Firms' Register : BS029-182 of Brescia since 19/02/1996

 

V.A.T. Code : 00273280172

 

R. E. C. no. : 11595 of Brescia since 18/03/1988

 

Foundation date

: 22/12/1961

Establishment date

: 22/12/1961

Start of Activities

: 22/12/1961

Legal duration

: 31/12/2050

Nominal Capital

: 41.000.000

 

Subscribed Capital

: 41.000.000

 

Paid up Capital

: 41.000.000

 

 

Members

 

 

Lonati

Ettore

 

 

 

Born in Botticino

(BS)

on 08/06/1938

- Fiscal Code : LNTTTR38H08B091N

 

 

 

Residence:

 

Sott'acqua

, 32

- 25082

Botticino

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

28/06/2008

 

 

Board Chairman

22/06/2011

 

 

Managing Director

28/06/2008

 

 

 

 

Prejudicial events registered

 

 

No Protests registered

 

 

Lonati

Tiberio

 

 

 

Born in Botticino

(BS)

on 27/06/1944

- Fiscal Code : LNTTBR44H27B091X

 

 

 

Residence:

 

Sera

, 24

- 25123

Brescia

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Managing Director

28/06/2008

 

 

Director

22/06/2011

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Garza

Gian Battista

 

 

 

Born in Castegnato

(BS)

on 19/12/1957

- Fiscal Code : GRZGBT57T19C055B

 

 

 

Residence:

 

Nikolajewka

, 20

- 25035

Ospitaletto

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

29/06/1998

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Lonati

Andrea

 

 

 

Born in Brescia

(BS)

on 15/07/1970

- Fiscal Code : LNTNDR70L15B157W

 

 

 

Residence:

 

Del Goletto

, 48

- 25123

Brescia

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

24/01/2008

 

 

Director

22/06/2011

 

 

Managing Director

22/06/2011

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Rinaldis

Massimo

 

 

 

Born in Brescia

(BS)

on 18/05/1953

- Fiscal Code : RNLMSM53E18B157Z

 

 

 

Residence:

 

Donizetti

, 20

- 25062

Concesio

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

03/10/2001

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Colombo

Marco Angelo

 

 

 

Born in Trezzo sull'Adda

(MI)

on 22/12/1965

- Fiscal Code : CLMMCN65T22L411W

 

 

 

Residence:

 

S. Chiara

, 58

- 25035

Ospitaletto

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

28/10/2002

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Andreoli

Marco

 

 

 

Born in Castegnato

(BS)

on 19/05/1953

- Fiscal Code : NDRMRC53E19C055R

 

 

 

Residence:

 

Scuole

, 25

- 25045

Castegnato

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

09/05/2005

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Lonati

Adele

 

 

 

Born in Brescia

(BS)

on 05/05/1972

- Fiscal Code : LNTDLA72E45B157C

 

 

 

Residence:

 

Vicinale Di Ringuillo

, 1

- 50055

Lastra a Signa

(FI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

24/01/2008

 

 

Director

22/06/2011

 

 

Managing Director

22/06/2011

 

 

 

 

No Prejudicial events are reported

 

 

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.

 

 

Lonati

Ettore

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Lonati S.p.a.

Monza (MI) - IT -

01232530178

Director

Withdrawn

Ceased

Lonati S.p.a.

Monza (MI) - IT -

01232530178

Procurator

Withdrawn

Ceased

Marchisio S.r.l.

Brescia (BS) - IT -

02220530014

Director

Withdrawn

Ceased

Marchisio S.r.l.

Brescia (BS) - IT -

02220530014

Managing Director

Withdrawn

Ceased

Cst-bristol Spa

Trezzo sull'Adda (MI) - IT -

01783590159

Director

Withdrawn

Registered

Dinema S.p.a.

Brescia (BS) - IT -

00292820172

Chairman

Withdrawn

Registered

Dinema S.p.a.

Brescia (BS) - IT -

00292820172

Director

Active

Registered

Dinema S.p.a.

Brescia (BS) - IT -

00292820172

Managing Director

Active

Registered

Dinema S.p.a.

Brescia (BS) - IT -

00292820172

Board Chairman

Active

Registered

Alfa Acciai S.p.a.

Brescia (BS) - IT -

00988040176

Director

Active

Registered

Alfa Acciai S.p.a.

Brescia (BS) - IT -

00988040176

Managing Director

Active

Registered

Alfa Acciai S.p.a.

Brescia (BS) - IT -

00988040176

Board Chairman

Active

Registered

Vignoni S.r.l.

Brescia (BS) - IT -

01472290160

Director

Withdrawn

Registered

Vignoni S.r.l.

Brescia (BS) - IT -

01472290160

Managing Director

Withdrawn

Registered

Vignoni S.r.l.

Brescia (BS) - IT -

01472290160

Board Chairman

Withdrawn

Registered

Lonati S.p.a.

Brescia (BS) - IT -

01469680175

Managing Director

Withdrawn

Registered

Lonati S.p.a.

Brescia (BS) - IT -

01469680175

Director

Active

Registered

Lonati S.p.a.

Brescia (BS) - IT -

01469680175

Managing Director

Active

Registered

Lonati S.p.a.

Brescia (BS) - IT -

01469680175

Board Chairman

Active

Registered

Spanlon - S.r.l.

Brescia (BS) - IT -

03086190174

Director

Withdrawn

Ceased

Banca Agricola Mantovana - S.p.a.

Mantova (MN) - IT -

00141280206

Director

Withdrawn

Merged

Sangiacomo S.p.a.

Brescia (BS) - IT -

02994150171

Director

Withdrawn

Ceased

Sangiacomo S.p.a.

Brescia (BS) - IT -

02994150171

Managing Director

Withdrawn

Ceased

Sangiacomo S.p.a.

Brescia (BS) - IT -

02994150171

Board Chairman

Withdrawn

Ceased

Matec S.p.a., In Liquidazione

Brescia (BS) - IT -

01233800935

Managing Director

Withdrawn

Registered

Matec S.p.a., In Liquidazione

Brescia (BS) - IT -

01233800935

Director

Withdrawn

Registered

Matec S.p.a., In Liquidazione

Brescia (BS) - IT -

01233800935

Liquidator

Active

Registered

Matec S.p.a., In Liquidazione

Brescia (BS) - IT -

01233800935

Board Chairman

Withdrawn

Registered

Fert - Neo Solaio - S.r.l.

Corte Franca (BS) - IT -

00300050176

Chairman

Withdrawn

Ceased

Fert - Neo Solaio - S.r.l.

Corte Franca (BS) - IT -

00300050176

Managing Director

Withdrawn

Ceased

Electronic Knitting Machines S.r.l.

Rezzato (BS) - IT -

01441760178

Director

Withdrawn

Ceased

Electronic Knitting Machines S.r.l.

Rezzato (BS) - IT -

01441760178

Managing Director

Withdrawn

Ceased

Electronic Knitting Machines S.r.l.

Rezzato (BS) - IT -

01441760178

Board Chairman

Withdrawn

Ceased

Inerti Belvedere S.p.a.

Ghedi (BS) - IT -

01590840987

Director

Withdrawn

Registered

Tecnopea S.r.l.

Quinzano d'Oglio (BS) - IT -

00951760198

Director

Active

Registered

Tecnopea S.r.l.

Quinzano d'Oglio (BS) - IT -

00951760198

Board Chairman

Active

Registered

Acciaierie Laminatoi Fonderie Affini A.l.f.a. - Societa' Per Azio Ni

Brescia (BS) - IT -

00272520172

Director

Active

Registered

Acciaierie Laminatoi Fonderie Affini A.l.f.a. - Societa' Per Azio Ni

Brescia (BS) - IT -

00272520172

Assistant board Chairman

Active

Registered

Acciaierie Laminatoi Fonderie Affini A.l.f.a. - Societa' Per Azio Ni

Brescia (BS) - IT -

00272520172

Managing Director

Active

Registered

Alfa Derivati S.r.l.

Brescia (BS) - IT -

02838070171

Director

Withdrawn

Registered

Alfa Derivati S.r.l.

Brescia (BS) - IT -

02838070171

Managing Director

Withdrawn

Registered

Immobiliare Monterosa Di Ettore Lonati EC.

Brescia (BS) - IT -

00273020172

Director

Withdrawn

Registered

Immobiliare Monterosa Di Ettore Lonati EC.

Brescia (BS) - IT -

00273020172

Partner

Withdrawn

Registered

Sviluppo 74 S.p.a.

Brescia (BS) - IT -

00475240172

Director

Active

Registered

Sviluppo 74 S.p.a.

Brescia (BS) - IT -

00475240172

Sole Director

Withdrawn

Registered

Sviluppo 74 S.p.a.

Brescia (BS) - IT -

00475240172

Managing Director

Active

Registered

Sviluppo 74 S.p.a.

Brescia (BS) - IT -

00475240172

Board Chairman

Active

Registered

Cadore 81 - S.r.l.

Brescia (BS) - IT -

01663190179

Director

Withdrawn

Ceased

Immobiliare Tre Stelle S.r.l.

Brescia (BS) - IT -

02801000171

Director

Active

Registered

Immobiliare Tre Stelle S.r.l.

Brescia (BS) - IT -

02801000171

Managing Director

Active

Registered

Immobiliare Tre Stelle S.r.l.

Brescia (BS) - IT -

02801000171

Board Chairman

Active

Registered

Dinema Computers Service - S.r.l.

Brescia (BS) - IT -

02952070171

Managing Director

Withdrawn

Ceased

Dinema Computers Service - S.r.l.

Brescia (BS) - IT -

02952070171

Board Chairman

Withdrawn

Ceased

Siderurgica Investimenti S.r.l.

Bedizzole (BS) - IT -

01531000980

Director

Withdrawn

Registered

Siderurgica Investimenti S.r.l.

Bedizzole (BS) - IT -

01531000980

Director

Active

Registered

Alfa Derivati Sud S.r.l.

Tortoreto (TE) - IT -

00807920673

Director

Withdrawn

Ceased

Sud - Invest S.r.l.

Brescia (BS) - IT -

02943810172

Managing Director

Withdrawn

Ceased

Iniziative 91 - S.r.l.

Brescia (BS) - IT -

01274530227

Director

Withdrawn

Registered

Iniziative 91 - S.r.l.

Brescia (BS) - IT -

01274530227

Sole Director

Active

Registered

S.f.i.m. Di Lonati Cav. Francesco E C. Societa' In Accomandita Semplice

Brescia (BS) - IT -

09166500158

General Partner

Active

Registered

Marzoli S.p.a.

Palazzolo sull'Oglio (BS) - IT -

01957420167

Managing Director

Withdrawn

Registered

Marzoli S.p.a.

Palazzolo sull'Oglio (BS) - IT -

01957420167

Board Chairman

Withdrawn

Registered

Hopa - Societa' Per Azioni - Holding DiPartecipazioni Aziendali In Sigla Hopa

Brescia (BS) - IT -

03051180176

Director

Withdrawn

Ceased

Hopa - Societa' Per Azioni - Holding DiPartecipazioni Aziendali In Sigla Hopa

Brescia (BS) - IT -

03051180176

Assistant board Chairman

Withdrawn

Ceased

Hopa - Societa' Per Azioni - Holding DiPartecipazioni Aziendali In Sigla Hopa

Brescia (BS) - IT -

03051180176

Managing Director

Withdrawn

Ceased

Hopa - Societa' Per Azioni - Holding DiPartecipazioni Aziendali In Sigla Hopa

Brescia (BS) - IT -

03051180176

Memb.of the Executive Committee

Withdrawn

Ceased

Hopa - Societa' Per Azioni - Holding DiPartecipazioni Aziendali In Sigla Hopa

Brescia (BS) - IT -

03051180176

Board Chairman

Withdrawn

Ceased

Finnord S.r.l.

Brescia (BS) - IT -

02998010173

Sole Director

Withdrawn

Ceased

Servizi Energetici Industriali S.r.l.

Catania (CT) - IT -

01953310982

Director

Active

Registered

Servizi Energetici Industriali S.r.l.

Catania (CT) - IT -

01953310982

Director

Withdrawn

Registered

Servizi Energetici Industriali S.r.l.

Catania (CT) - IT -

01953310982

Managing Director

Active

Registered

Servizi Energetici Industriali S.r.l.

Catania (CT) - IT -

01953310982

Board Chairman

Active

Registered

Tonigest Sistemi S.r.l.

Brescia (BS) - IT -

01416310207

Liquidator

Withdrawn

Ceased

Broli Due S.r.l.

Bedizzole (BS) - IT -

03038970178

Sole Director

Withdrawn

Ceased

C.s.t. Net S.p.a.

Trezzo sull'Adda (MI) - IT -

12250920159

Director

Withdrawn

Registered

Lonati Group Service S.r.l.

Brescia (BS) - IT -

02438680122

Director

Withdrawn

Registered

Lonati Group Service S.r.l.

Brescia (BS) - IT -

02438680122

Managing Director

Withdrawn

Registered

Lonati Group Service S.r.l.

Brescia (BS) - IT -

02438680122

Board Chairman

Withdrawn

Registered

M.c.m. S.r.l.

Brescia (BS) - IT -

03453390175

Managing Director

Withdrawn

Merged

M.c.m. S.r.l.

Brescia (BS) - IT -

03453390175

Director

Withdrawn

Merged

M.c.m. S.r.l.

Brescia (BS) - IT -

03453390175

Board Chairman

Withdrawn

Merged

Effebi Finanziaria S.r.l.

Brescia (BS) - IT -

03115690178

Sole Director

Withdrawn

Ceased

Acciaierie E Ferriere Mediterranee S.p.a. A.fe.m. Societa' Per

Campofelice di Roccella (PA) - IT -

00101490829

Director

Withdrawn

Ceased

Earchimede S.p.a.

Brescia (BS) - IT -

03560930178

Director

Withdrawn

Ceased

Holinvest S.r.l.

Brescia (BS) - IT -

03562710172

Director

Withdrawn

Ceased

Holinvest S.r.l.

Brescia (BS) - IT -

03562710172

Board Chairman

Withdrawn

Ceased

Morgante Srl

Brescia (BS) - IT -

03608180174

Director

Active

Registered

Morgante Srl

Brescia (BS) - IT -

03608180174

Managing Director

Active

Registered

Mil Meccanotessile Internazionale LonatiS.r.l.

Brescia (BS) - IT -

03556010175

Director

Active

Registered

Mil Meccanotessile Internazionale LonatiS.r.l.

Brescia (BS) - IT -

03556010175

Managing Director

Active

Registered

Mil Meccanotessile Internazionale LonatiS.r.l.

Brescia (BS) - IT -

03556010175

Board Chairman

Active

Registered

ALFA DERIVATI S.R.L.

- -

02838070171

Managing Director

Withdrawn

Registered

Csl S.r.l.

Brescia (BS) - IT -

02231490984

Sole Director

Withdrawn

Registered

Expo Sviluppo S.r.l.

Brescia (BS) - IT -

02832430983

Director

Active

Registered

Palazzo Morgante Srl

Brescia (BS) - IT -

03097040988

Director

Withdrawn

Registered

Banca Agricola Mantovana S.p.a. In Breve Bam S.p.a. Ovvero B.a.m. S.p.a.

Mantova (MN) - IT -

02017160207

Director

Withdrawn

Ceased

Immobiliare Cadore Di Ettore Lonati E C.S.n.c.

Brescia (BS) - IT -

00874550171

Partner

Withdrawn

Ceased

Immobiliare Adige Di Ettore Lonati E C.S.n.c.

Brescia (BS) - IT -

00874490170

Director

Withdrawn

Ceased

Immobiliare Adige Di Ettore Lonati E C.S.n.c.

Brescia (BS) - IT -

00874490170

Partner

Withdrawn

Ceased

Immobiliare Falco Di Ettore Lonati E C.S.n.c.

Brescia (BS) - IT -

00874570179

Director

Withdrawn

Ceased

Immobiliare Falco Di Ettore Lonati E C.S.n.c.

Brescia (BS) - IT -

00874570179

Partner

Withdrawn

Ceased

Eventi Moda S.r.l.

Milano (MI) - IT -

04073390967

Director

Withdrawn

Registered

Antica S.r.l.

Brescia (BS) - IT -

03078270984

Director

Active

Registered

Locate District Srl

Brescia (BS) - IT -

03098120987

Director

Active

Registered

 

 

Lonati

Tiberio

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Solis S.r.l.

Brescia (BS) - IT -

00396360489

Sole Director

-

Ceased

Lonati S.p.a.

Monza (MI) - IT -

01232530178

Director

Withdrawn

Ceased

Snia S.p.a.

Milano (MI) - IT -

00736220153

Director

Withdrawn

Registered

Marchisio S.r.l.

Brescia (BS) - IT -

02220530014

Managing Director

Withdrawn

Ceased

Marchisio S.r.l.

Brescia (BS) - IT -

02220530014

Director

Withdrawn

Ceased

Marchisio S.r.l.

Brescia (BS) - IT -

02220530014

Managing Director

Withdrawn

Ceased

Dinema S.p.a.

Brescia (BS) - IT -

00292820172

Director

Active

Registered

Dinema S.p.a.

Brescia (BS) - IT -

00292820172

Managing Director

Active

Registered

Banca Nazionale Del Lavoro S.p.a

Roma (RM) - IT -

00651990582

Director

Withdrawn

Ceased

Alfa Acciai S.p.a.

Brescia (BS) - IT -

00988040176

Director

Active

Registered

Cilmac S.r.l.

Roncadelle (BS) - IT -

00268310174

Director

Withdrawn

Ceased

Cilmac S.r.l.

Roncadelle (BS) - IT -

00268310174

Managing Director

Withdrawn

Ceased

Cilmac S.r.l.

Roncadelle (BS) - IT -

00268310174

Board Chairman

Withdrawn

Ceased

Robotica S.r.l.

Milano (MI) - IT -

06325800156

Managing Director

Withdrawn

Registered

Vignoni S.r.l.

Brescia (BS) - IT -

01472290160

Director

Withdrawn

Registered

Vignoni S.r.l.

Brescia (BS) - IT -

01472290160

Managing Director

Withdrawn

Registered

Lonati S.p.a.

Brescia (BS) - IT -

01469680175

Managing Director

Withdrawn

Registered

Lonati S.p.a.

Brescia (BS) - IT -

01469680175

Director

Active

Registered

Lonati S.p.a.

Brescia (BS) - IT -

01469680175

Managing Director

Active

Registered

Spanlon - S.r.l.

Brescia (BS) - IT -

03086190174

Chairman

Withdrawn

Ceased

Spanlon - S.r.l.

Brescia (BS) - IT -

03086190174

Sole Director

Withdrawn

Ceased

Spanlon - S.r.l.

Brescia (BS) - IT -

03086190174

Managing Director

Withdrawn

Ceased

Sangiacomo S.p.a.

Brescia (BS) - IT -

02994150171

Director

Withdrawn

Ceased

Sangiacomo S.p.a.

Brescia (BS) - IT -

02994150171

Managing Director

Withdrawn

Ceased

Matec S.p.a., In Liquidazione

Brescia (BS) - IT -

01233800935

Managing Director

Withdrawn

Registered

Matec S.p.a., In Liquidazione

Brescia (BS) - IT -

01233800935

Director

Withdrawn

Registered

Matec S.p.a., In Liquidazione

Brescia (BS) - IT -

01233800935

Attorney with special power

Withdrawn

Registered

Electronic Knitting Machines S.r.l.

Rezzato (BS) - IT -

01441760178

Director

Withdrawn

Ceased

Electronic Knitting Machines S.r.l.

Rezzato (BS) - IT -

01441760178

Managing Director

Withdrawn

Ceased

Tecnopea S.r.l.

Quinzano d'Oglio (BS) - IT -

00951760198

Director

Active

Registered

Tecnopea S.r.l.

Quinzano d'Oglio (BS) - IT -

00951760198

Managing Director

Active

Registered

SALDATRICI ROTATIVE AUTOMATICHE *S.R.A.- S.R.L.

Scandicci (FI) - IT -

00423470483

Managing Director

Withdrawn

Registered

SALDATRICI ROTATIVE AUTOMATICHE *S.R.A.- S.R.L.

Scandicci (FI) - IT -

00423470483

Sole Director

Withdrawn

Registered

Acciaierie Laminatoi Fonderie Affini A.l.f.a. - Societa' Per Azio Ni

Brescia (BS) - IT -

00272520172

Director

Active

Registered

Acciaierie Laminatoi Fonderie Affini A.l.f.a. - Societa' Per Azio Ni

Brescia (BS) - IT -

00272520172

Assistant board Chairman

Withdrawn

Registered

Acciaierie Laminatoi Fonderie Affini A.l.f.a. - Societa' Per Azio Ni

Brescia (BS) - IT -

00272520172

Managing Director

Withdrawn

Registered

Sviluppo 74 S.p.a.

Brescia (BS) - IT -

00475240172

Director

Active

Registered

Sviluppo 74 S.p.a.

Brescia (BS) - IT -

00475240172

Managing Director

Active

Registered

Cadore 81 - S.r.l.

Brescia (BS) - IT -

01663190179

Managing Director

Withdrawn

Ceased

Immobiliare Tre Stelle S.r.l.

Brescia (BS) - IT -

02801000171

Director

Active

Registered

Immobiliare Tre Stelle S.r.l.

Brescia (BS) - IT -

02801000171

Managing Director

Active

Registered

Dinema Computers Service - S.r.l.

Brescia (BS) - IT -

02952070171

Managing Director

Withdrawn

Ceased

Iniziative 91 - S.r.l.

Brescia (BS) - IT -

01274530227

Managing Director

Withdrawn

Registered

Iniziative 91 - S.r.l.

Brescia (BS) - IT -

01274530227

Legal Owners' representative

Withdrawn

Registered

Iniziative 91 - S.r.l.

Brescia (BS) - IT -

01274530227

Board Chairman

Withdrawn

Registered

Marzoli S.p.a.

Palazzolo sull'Oglio (BS) - IT -

01957420167

Director

Withdrawn

Registered

Valori Finanziaria Societa' Per Azioni

Verona (VR) - IT -

01323540383

Director

Withdrawn

Registered

Alimvest S.p.a.

Piacenza (PC) - IT -

01148490335

Director

Active

Registered

Alimvest S.p.a.

Piacenza (PC) - IT -

01148490335

Board Chairman

Active

Registered

Fabritex - S.r.l.

Brescia (BS) - IT -

04556030486

Sole Director

Active

Registered

Hopa - Societa' Per Azioni - Holding DiPartecipazioni Aziendali In Sigla Hopa

Brescia (BS) - IT -

03051180176

Director

Withdrawn

Ceased

Fingruppo Holding S.p.a. In Liquidazione

Brescia (BS) - IT -

02891290179

Director

Withdrawn

Registered

Lonati Group Service S.r.l.

Brescia (BS) - IT -

02438680122

Director

Withdrawn

Registered

Lonati Group Service S.r.l.

Brescia (BS) - IT -

02438680122

Managing Director

Withdrawn

Registered

M.c.m. S.r.l.

Brescia (BS) - IT -

03453390175

Director

Withdrawn

Merged

M.c.m. S.r.l.

Brescia (BS) - IT -

03453390175

Managing Director

Withdrawn

Merged

Montini S.p.a.

Roncadelle (BS) - IT -

03579140173

Director

Withdrawn

Registered

Montini S.p.a.

Roncadelle (BS) - IT -

03579140173

Memb.of the Executive Committee

Withdrawn

Registered

Morgante Srl

Brescia (BS) - IT -

03608180174

Director

Active

Registered

Morgante Srl

Brescia (BS) - IT -

03608180174

Managing Director

Active

Registered

Morgante Srl

Brescia (BS) - IT -

03608180174

Board Chairman

Active

Registered

Mil Meccanotessile Internazionale LonatiS.r.l.

Brescia (BS) - IT -

03556010175

Director

Active

Registered

Mil Meccanotessile Internazionale LonatiS.r.l.

Brescia (BS) - IT -

03556010175

Managing Director

Active

Registered

ALFA DERIVATI S.R.L.

- -

02838070171

Director

Withdrawn

Registered

Expo Sviluppo S.r.l.

Brescia (BS) - IT -

02832430983

Director

Active

Registered

Expo Sviluppo S.r.l.

Brescia (BS) - IT -

02832430983

Managing Director

Active

Registered

Expo Sviluppo S.r.l.

Brescia (BS) - IT -

02832430983

Board Chairman

Active

Registered

Palazzo Morgante Srl

Brescia (BS) - IT -

03097040988

Director

Withdrawn

Registered

Palazzo Morgante Srl

Brescia (BS) - IT -

03097040988

Board Chairman

Withdrawn

Registered

Societa' Agricola Cascina Sei Ore S.r.l.

Brescia (BS) - IT -

02355930989

Director

Active

Registered

Societa' Agricola Cascina Sei Ore S.r.l.

Brescia (BS) - IT -

02355930989

Sole Director

Withdrawn

Registered

Societa' Agricola Cascina Sei Ore S.r.l.

Brescia (BS) - IT -

02355930989

Managing Director

Active

Registered

Societa' Agricola Cascina Sei Ore S.r.l.

Brescia (BS) - IT -

02355930989

Board Chairman

Active

Registered

Sorin Spa

Milano (MI) - IT -

04160490969

Director

Withdrawn

Registered

Sorin Spa

Milano (MI) - IT -

04160490969

Memb.of the Executive Committee

Withdrawn

Registered

Villa Bredina '04 S.r.l.

Brescia (BS) - IT -

02579320983

Director

Withdrawn

Registered

Villa Bredina '04 S.r.l.

Brescia (BS) - IT -

02579320983

Managing Director

Withdrawn

Registered

Villa Bredina '04 S.r.l.

Brescia (BS) - IT -

02579320983

Board Chairman

Withdrawn

Registered

Leonardo Da Vinci Park Societa' A Responsabilita' Limitata, In Si Gla Leonardo D

Brescia (BS) - IT -

02671110985

Director

Withdrawn

Registered

Leonardo Da Vinci Park Societa' A Responsabilita' Limitata, In Si Gla Leonardo D

Brescia (BS) - IT -

02671110985

Board Chairman

Withdrawn

Registered

Antica S.r.l.

Brescia (BS) - IT -

03078270984

Director

Active

Registered

Antica S.r.l.

Brescia (BS) - IT -

03078270984

Board Chairman

Active

Registered

Locate District Srl

Brescia (BS) - IT -

03098120987

Director

Active

Registered

Vittoria S.r.l.

Brescia (BS) - IT -

03534260983

Director

Active

Registered

Vittoria S.r.l.

Brescia (BS) - IT -

03534260983

Board Chairman

Active

Registered

 

 

Lonati

Adele

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Matec S.p.a., In Liquidazione

Brescia (BS) - IT -

01233800935

Procurator

Active

Registered

Antares Private Equity S.p.a.

Milano (MI) - IT -

06407480968

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

Lonati S.p.a.

Brescia - IT -

01469680175

39.770.000 .Eur

97,00

Immobiliare Tre Stelle S.r.l.

Brescia - IT -

02801000171

1.230.000 .Eur

3,00

 

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

Next Technology Tecnotessile Societa' Na zionale Di Ricerca R.l.

Prato - IT -

00640450482

20.400 .Eur

3,15

 

 

Active

Mil Meccanotessile Internazionale Lonati S.r.l.

Brescia - IT -

03556010175

465 .Eur

3,00

 

 

Active

Tecnopea S.r.l.

Quinzano d'Oglio - IT -

00951760198

6.500 .Eur

65,00

 

 

Active

Energia Libera Brescia Societa' Consorti Le A Responsabilita' Limitata In Sigla

Brescia - IT -

03588010177

2.040 .Eur

11,11

 

 

Active

Csmt Gestione S.c.a.r.l.

Brescia - IT -

02835410982

20.608 .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 14/09/1989

 

 

 

 

 

 

Carlo Fenzi

, 14

- 25100

- Brescia

(BS)

- IT -

 

 

 

 

PHONE

: 030376711

 

 

 

 

FAX

: 0303366478

 

-

Branch

(Warehouse)

since 01/11/1999

 

 

 

 

 

 

S.eufemia

, 106/E

- 25100

- Brescia

(BS)

- IT -

 

-

Branch

(Store)

since 01/11/1999

 

 

 

 

 

 

Cossa

, 5/7

- 25100

- Brescia

(BS)

- IT -

 

-

Branch

(Showroom)

since 02/12/1999

 

 

 

 

 

 

Pietro Cossa

, 15

- 25100

- Brescia

(BS)

- IT -

 

-

Branch

(Workshop)

since 01/12/1999

 

 

 

 

 

 

San Polo

, 183

- 25100

- Brescia

(BS)

- IT -

 

-

Branch

(office)

since 01/02/2002

 

 

 

 

 

 

Cossa

, 10-12

- 25100

- Brescia

(BS)

- IT -

 

-

Branch

(Warehouse)

since 01/07/2005

 

 

 

 

 

 

Della Musia

, 50/52

- 25100

- Brescia

(BS)

- IT -

 

-

Branch

(Warehouse)

since 27/06/2007

 

 

 

 

 

 

Bormioli

, 60/62

- 25100

- Brescia

(BS)

- IT -

 

 

 

 

Employees

: 413

 

Fittings and Equipment for a value of 3.030.000

Eur

 

Stocks for a value of 56.720.000

Eur

 

 

The firm operates abroad as importer / exporter..

To purchase foreign products the firm uses the following channels :

- direct orders to foreign companies

Export represents from 20% to 50% of the global turnover.

Products abroad are placed by :

- its own agents

 

- direct orders from foreign companies

 

Export is mainly towards:

- Greece

 

- Ireland

 

 

Historical Information and/or Firm's Status

 

EX-MEMBERS / EX-POSITIONS:

 

 

Consoli

Giovanni

 

 

 

Born in Marcheno

(BS)

on 20/11/1935

- Fiscal Code : CNSGNN35S20E928M

 

 

 

Residence:

 

Bruno Boni

, 4

- 25100

Brescia

(BS)

- IT -

 

Ex-Postions

Chairman of the Board of Aud.

 

 

Lonati

Francesco

 

 

 

Born in Botticino

(BS)

on 28/02/1911

- Fiscal Code : LNTFNC11B28B091N

 

 

 

Residence:

 

Valsorda

, 28

- 25100

Brescia

(BS)

- IT -

 

Ex-Postions

Chairman

Managing Director

Procurator

 

 

Lonati

Fausto

 

 

 

Born in Botticino

(BS)

on 22/02/1941

- Fiscal Code : LNTFST41B22B091R

 

 

 

Residence:

 

Mediana

, 12

- 25123

Brescia

(BS)

- IT -

 

Ex-Postions

Director

Managing Director

 

 

Ranzini

Fausto

 

 

 

Born in Brescia

(BS)

on 06/01/1959

- Fiscal Code : RNZFST59A06B157L

 

 

 

Residence:

 

San Rocchino

, 62

- 25100

Brescia

(BS)

- IT -

 

Ex-Postions

Temporary Auditor

 

 

Vincetti

Mario

 

 

 

Born in Gavardo

(BS)

on 04/02/1944

- Fiscal Code : VNCMRA44B04D940V

 

 

 

Residence:

 

Bergamo

, 9

- 25086

Rezzato

(BS)

- IT -

 

Ex-Postions

Permanent Auditor

 

CEASINGS/INCORPORATIONS/MERGES

 

 

Project of merging by taking over of

 

 

 

M.c.m. S.r.l.

 

 

 

 

Carlo Fenzi

, 14

, 25100

, Brescia

(BS)

- IT -

 

 

 

Fiscal Code: 03453390175

 

 

 

Date

Merging/splitting-up project:

04/10/2004

 

 

The firm absorbed by merging of

 

 

 

M.c.m. S.r.l.

 

 

 

 

Carlo Fenzi

, 14

, 25100

, Brescia

(BS)

- IT -

 

 

 

Fiscal Code: 03453390175

 

 

 

Date

:

17/12/2004

 

 

Project of merging by taking over of

 

 

 

Sangiacomo S.p.a.

 

 

 

 

Bormioli

, 60/62

, 25100

, Brescia

(BS)

- IT -

 

 

 

Fiscal Code: 02994150171

 

 

 

Date

Merging/splitting-up project:

04/12/2006

 

 

The firm absorbed by merging of

 

 

 

Sangiacomo S.p.a.

 

 

 

 

Bormioli

, 60/62

, 25100

, Brescia

(BS)

- IT -

 

 

 

Fiscal Code: 02994150171

 

 

 

Date

:

27/06/2007



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.



Financial and Economical Analysis

 

The company is active since 1961

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

Under the financial profile unstable results are noted. with a negative economic result in the last financial year. In the last financial year a drop in sales has been registered (-19,48%).

The operating result is negative.

the operating loss amounts to Eur. -3.671.348.

The gross operating margin of the latest financial year is of Eur. 618.281 recording a -90,1% decrease.

The financial status of the company is fairly balanced with an indebtedness level of 1,73 yet on the increase as against the previous accounting period.

It's shareholders funds amount to Eur. 43.204.019 on stable levels.

In the year 2012 total debts amounted to Eur. 74.945.095 with no important change.

The recourse to financial credit is within the limits; on the other hand the recourse to suppliers' credit is rated as fairly high even in comparison with the sector's.

Liquid assets are good.

As far as the collection of credit goes, the average is high (137,05 days). and higher than the average of the sector.

Eur. 1.726.196 is the value of cash flow during the year 2012

In the last financial year labour cost was of Eur. 17.909.718, with a 25,6% incidence on total costs of production. , whereas the incidence on sales revenues is of 29,18%.

Financial charges have a limited incidence (-0,28%) on sales volume.

 


Financial Data

 

 

 

Complete balance-sheet for the year

31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

61.385.265

Profit (Loss) for the period

-2.391.735

 

 

 

Complete balance-sheet for the year

31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

76.240.656

Profit (Loss) for the period

-416.891

 

 

 

Complete balance-sheet for the year

31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

100.576.236

Profit (Loss) for the period

3.706.204

 

 

 

Complete balance-sheet for the year

31/12/2009

(in Eur

x 1)

 

Item Type

Value

Sales

42.932.647

Profit (Loss) for the period

-10.408.592

 

 

 

Complete balance-sheet for the year

31/12/2008

(in Eur

x 1)

 

Item Type

Value

Sales

67.886.480

Profit (Loss) for the period

-10.551.426



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 31/12/2012 - 12 Mesi - Currency: - Amounts x 1

 

- Balance Sheet as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1

 

- Balance Sheet as at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1

 

Years

2012

2011

2010

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.

338.014

1.029.755

2.138.768

. . Industrial patent rights

260.727

329.665

256.973

. . Concessions,licenses,trademarks,etc.

8.157

4.433

 

. . Goodwill

 

 

 

. . Assets in formation and advance paymen.

262.082

149.447

90.950

. . Other intangible fixed assets

62.792

156.486

257.271

. Total Intangible Fixed Assets

931.772

1.669.786

2.743.962

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

27.256.380

27.947.028

27.908.587

. . Plant and machinery

1.848.088

2.166.928

3.072.053

. . Industrial and commercial equipment

1.184.168

837.953

804.492

. . Other assets

656.070

889.218

1.068.946

. . Assets under construction and advances

262.512

259.505

46.920

. Total Tangible fixed assets

31.207.218

32.100.632

32.900.998

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

2.183.131

2.183.131

2.680.676

. . . Equity invest. in subsidiary companies

2.125.147

2.125.147

2.622.692

. . . Equity invest. in associated companies

 

 

 

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

57.984

57.984

57.984

. . Financial receivables

10.080

14.516

33.144

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

10.080

14.516

33.144

. . . 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

10.080

14.516

33.144

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

10.080

14.516

33.144

. . Other securities

 

 

 

. . Own shares

 

 

 

. . . Total nominal value

 

 

 

. Total financial fixed assets

2.193.211

2.197.647

2.713.820

Total fixed assets

34.332.201

35.968.065

38.358.780

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

28.104.114

30.478.335

28.616.874

. . Work in progress and semimanufactured

15.192.322

16.766.855

15.883.420

. . Work in progress on order

 

 

 

. . Finished goods

13.420.658

12.755.004

13.221.959

. . Advance payments

 

637.050

614.800

. Total Inventories

56.717.094

60.637.244

58.337.053

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

27.490.740

26.724.252

38.369.716

. . Beyond 12 months

4.160.665

1.197.169

718.892

. . Trade receivables

23.368.243

19.857.375

22.788.049

. . . . Within 12 months

19.784.870

19.046.574

22.462.116

. . . . Beyond 12 months

3.583.373

810.801

325.933

. . Receivables due from subsid. comp.

139.861

428.925

59.707

. . . . Within 12 months

139.861

428.925

59.707

. . . . Beyond 12 months

 

 

 

. . Receivables due from assoc. comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from holding comp.

2.782.117

1.948.715

8.020.867

. . . . Within 12 months

2.562.304

1.948.715

8.020.867

. . . . Beyond 12 months

219.813

 

 

. . Fiscal Receivables

3.902.198

4.315.935

6.809.893

. . . . Within 12 months

3.902.198

4.315.935

6.809.893

. . . . Beyond 12 months

 

 

 

. . Receivables for anticipated taxes

879.107

857.844

1.093.726

. . . . Within 12 months

521.628

471.476

700.767

. . . . Beyond 12 months

357.479

386.368

392.959

. . Receivables due from third parties

579.879

512.627

316.366

. . . . Within 12 months

579.879

512.627

316.366

. . . . Beyond 12 months

 

 

 

. Total Credits not held as fixed assets

31.651.405

27.921.421

39.088.608

. FINANCIAL ASSETS

 

 

 

. . Equity invest. in subsidiary comp.

 

 

 

. . Equity invest. in associated companies

 

 

 

. . Equity invest. in holding companies

 

 

 

. . Other equity investments

 

 

 

. . Own shares

 

 

 

. . . Total nominale value

 

 

 

. . Other securities

581.340

685.915

806.581

. Total Financial Assets

581.340

685.915

806.581

. LIQUID FUNDS

 

 

 

. . Bank and post office deposits

20.197

2.972

40.130

. . Checks

 

 

 

. . Banknotes and coins

25.866

31.880

26.632

. Total Liquid funds

46.063

34.852

66.762

Total current assets

88.995.902

89.279.432

98.299.004

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

 

 

 

. Other adjustment accounts

502.969

585.357

461.239

Total adjustments accounts

502.969

585.357

461.239

TOTAL ASSETS

123.831.072

125.832.854

137.119.023

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

41.000.000

41.000.000

41.000.000

. Additional paid-in capital

 

 

 

. Revaluation reserves

 

 

 

. Legal reserve

 

 

 

. Reserve for Own shares

 

 

 

. Statute reserves

 

 

 

. Other reserves

4.595.754

5.012.645

-3

. Accumulated Profits (Losses)

 

 

-24.693.559

. Profit( loss) of the year

-2.391.735

-416.891

3.706.204

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

43.204.019

45.595.754

20.012.642

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

137.944

137.944

160.551

. . Taxation fund, also differed

327

615

804

. . Other funds

262.632

489.903

1.371.959

Total Reserves for Risks and Charges

400.903

628.462

1.533.314

Employee termination indemnities

4.851.451

5.043.379

5.226.236

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

74.880.744

74.217.667

105.987.569

. . . . Beyond 12 months

64.351

133.475

4.072.244

. . 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

3.937

2.848.396

6.584.422

. . . . Within 12 months

3.937

2.848.396

3.847.545

. . . . Beyond 12 months

 

 

2.736.877

. . Due to other providers of finance

126.342

649.709

1.012.468

. . . . Within 12 months

62.293

523.367

462.329

. . . . Beyond 12 months

64.049

126.342

550.139

. . Advances from customers

915.257

693.779

1.079.724

. . . . Within 12 months

915.257

693.779

1.079.724

. . . . Beyond 12 months

 

 

 

. . Trade payables

15.177.824

13.782.772

28.497.240

. . . . Within 12 months

15.177.522

13.775.639

27.712.012

. . . . Beyond 12 months

302

7.133

785.228

. . Securities issued

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to subsidiary companies

186.211

62.710

144.828

. . . . Within 12 months

186.211

62.710

144.828

. . . . Beyond 12 months

 

 

 

. . Due to associated companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to holding companies

53.960.713

51.839.147

66.607.053

. . . . Within 12 months

53.960.713

51.839.147

66.607.053

. . . . Beyond 12 months

 

 

 

. . Due to the tax authorities

1.010.780

944.515

1.380.895

. . . . Within 12 months

1.010.780

944.515

1.380.895

. . . . Beyond 12 months

 

 

 

. . Due to social security and welfare inst.

1.223.964

1.188.597

1.561.962

. . . . Within 12 months

1.223.964

1.188.597

1.561.962

. . . . Beyond 12 months

 

 

 

. . Other payables

2.340.067

2.341.517

3.191.221

. . . . Within 12 months

2.340.067

2.341.517

3.191.221

. . . . Beyond 12 months

 

 

 

Total accounts payable

74.945.095

74.351.142

110.059.813

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

429.604

214.117

287.018

Total adjustment accounts

429.604

214.117

287.018

TOTAL LIABILITIES

123.831.072

125.832.854

137.119.023

 

 

 

 

 

 

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

61.385.265

76.240.656

100.576.236

. Changes in work in progress

-841.878

413.148

5.531.914

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

119.663

116.999

157.164

. Other income and revenues

5.616.053

6.360.020

4.093.069

. . Contributions for operating expenses

435.801

206.630

74.120

. . Different income and revenues

5.180.252

6.153.390

4.018.949

Total value of production

66.279.103

83.130.823

110.358.383

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

28.493.162

39.505.039

51.087.520

. Services received

13.886.168

16.424.238

18.140.753

. Leases and rentals

1.703.584

1.563.907

1.559.430

. Payroll and related costs

17.909.718

20.434.417

22.800.458

. . Wages and salaries

12.967.930

14.727.818

16.398.435

. . Social security contributions

3.961.655

4.653.297

5.232.408

. . Employee termination indemnities

943.277

1.015.222

1.120.275

. . Pension and similar

 

 

 

. . Other costs

36.856

38.080

49.340

. Amortization and depreciation

4.117.931

4.664.561

4.873.779

. . Amortization of intangible fixed assets

1.151.618

1.517.203

1.506.636

. . Amortization of tangible fixed assets

2.571.132

2.717.593

2.951.113

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

395.181

429.765

416.030

. Changes in raw materials

2.441.220

-1.864.792

3.849.226

. Provisions to risk reserves

70.810

157.067

388.379

. Other provisions

100.888

55.497

340.852

. Other operating costs

1.226.970

821.134

1.806.878

Total production costs

69.950.451

81.761.068

104.847.275

Diff. between value and cost of product.

-3.671.348

1.369.755

5.511.108

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

 

 

 

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

377.935

612.806

538.339

. . Financ.income from receivables

 

 

 

. . . Towards subsidiary companies

 

 

 

. . . Towards associated companies

 

 

 

. . . Towards holding companies

 

 

 

. . . Towards other companies

 

 

 

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

23.793

44.772

58.485

. . Financ.income from secur. cur.assets

 

 

 

. . Financ.income other than the above

 

 

 

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

 

 

 

. Interest and other financial expense

-547.153

-1.459.813

-1.488.774

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

 

 

 

Total financial income and expense

-169.218

-847.007

-950.435

ADJUSTMENTS TO FINANCIAL ASSETS

 

 

 

. Revaluations

 

 

20.084

. . Of equity investments

 

 

 

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

 

 

 

. . Of securities incl.among current assets

 

 

20.084

. Devaluation

-104.575

-120.666

-49.306

. . Of equity investments

 

 

 

. . Of financial fixed assets (no equity inv)

 

 

 

. . Of securities included among current ass

-104.575

-120.666

-49.306

Total adjustments to financial assets

-104.575

-120.666

-29.222

EXTRAORDINARY INCOME AND EXPENSE

 

 

 

. Extraordinary income

767.148

332.669

459.457

. . Gains on disposals

 

 

 

. . Other extraordinary income

767.148

332.669

459.457

. Extraordinary expense

-219.551

-660.167

-106.721

. . Losses on disposals

 

 

 

. . Taxes relating to prior years

 

 

 

. . Other extraordinary expense

-219.551

-660.167

-106.721

Total extraordinary income and expense

547.597

-327.498

352.736

Results before income taxes

-3.397.544

74.584

4.884.187

. Taxes on current income

-1.005.809

491.475

1.177.983

. . current taxes

296.344

563.564

946.865

. . differed taxes(anticip.)

-21.551

235.693

231.118

. Net income for the period

-2.391.735

-416.891

3.706.204

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

-2.391.735

-416.891

3.706.204

 

RATIOS

Value Type

as at 31/12/2012

as at 31/12/2011

as at 31/12/2010

Sector Average

COMPOSITION ON INVESTMENT

 

 

 

 

 

Rigidity Ratio

Units

0,28

0,29

0,28

0,18

Elasticity Ratio

Units

0,72

0,71

0,72

0,80

Availability of stock

Units

0,46

0,48

0,43

0,24

Total Liquidity Ratio

Units

0,26

0,23

0,29

0,48

Quick Ratio

Units

0,01

0,01

0,01

0,03

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

1,73

1,63

5,29

3,25

Self Financing Ratio

Units

0,35

0,36

0,15

0,19

Capital protection Ratio

Units

0,11

0,11

-1,23

0,63

Liabilities consolidation quotient

Units

0,07

0,07

0,09

0,19

Financing

Units

1,73

1,63

5,50

3,80

Permanent Indebtedness Ratio

Units

0,39

0,40

0,21

0,36

M/L term Debts Ratio

Units

0,04

0,04

0,07

0,11

Net Financial Indebtedness Ratio

Units

0,00

0,08

0,38

0,63

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

1,40

1,41

0,76

1,75

Current ratio

Units

1,19

1,20

0,93

1,21

Acid Test Ratio-Liquidity Ratio

Units

0,43

0,39

0,38

0,81

Structure's primary quotient

Units

1,26

1,27

0,52

1,03

Treasury's primary quotient

Units

0,01

0,01

0,01

0,06

Rate of indebtedness ( Leverage )

%

286,62

275,97

685,16

516,42

Current Capital ( net )

Value

14.115.158

15.061.765

-7.688.565

422.465

RETURN

 

 

 

 

 

Return on Sales

%

2,81

5,57

8,53

3,35

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

%

-5,54

-0,91

18,52

5,13

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

%

-7,86

0,16

24,41

14,77

Return on Investment ( R.O.I. )

%

-2,96

1,09

4,02

4,16

Return/ Sales

%

-5,98

1,80

5,48

4,11

Extra Management revenues/charges incid.

%

n.c.

-30,44

67,25

28,57

Cash Flow

Value

1.726.196

4.247.670

8.579.983

122.482

Operating Profit

Value

-3.671.348

1.369.755

5.511.108

144.752

Gross Operating Margin

Value

618.281

6.246.880

11.114.118

241.990

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

137,05

93,76

81,57

111,85

Debts to suppliers average term

Days

566,14

411,29

484,40

128,30

Average stock waiting period

Days

332,62

286,32

208,81

80,43

Rate of capital employed return ( Turnover )

Units

0,50

0,61

0,73

1,08

Rate of stock return

Units

1,08

1,26

1,72

4,45

Labour cost incidence

%

29,18

26,80

22,67

19,12

Net financial revenues/ charges incidence

%

-0,28

-1,11

-0,94

-1,08

Labour cost on purchasing expenses

%

25,60

24,99

21,75

19,02

Short-term financing charges

%

0,73

1,96

1,35

2,68

Capital on hand

%

201,73

165,05

136,33

91,91

Sales pro employee

Value

144.776

172.881

218.169

198.432

Labour cost pro employee

Value

42.239

46.336

49.458

35.779

 

 

SOURCES

 

Our Company collects data from public registers, lists, archives or contained in Acts and/or documents (held by the National Chamber of Commerce or Immovables Territorial Agency), users, reporters or however generally accessible (for example, from categorical lists, statistical institutes, press reports and from public inspection internet sites).

 

The present report is supplied for Your exclusive use and is bond to the general conditions of the contract. Personal Data collection and treatment, reported, are conform to our company's activities and to Your mandate conferred to us by Your request, for the purposes in relation to Marketing Management, Sales and Monetary Administration. It does not contain, nor could contain, information cancelled by a justified opposition right.

 

 

Market / Territory Data

 

Population living in the province

:

1.169.259

Population living in the region

:

9.393.092

Number of families in the region

:

3.858.736

 

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

 

- per food products

:

460

- per non food products

:

2.090

- per energy consume

:

114

 

Sector Data

 

The values are calculated on a base of 1.206 significant companies.

 

The companies cash their credits on an average of 112 dd.

The average duration of suppliers debts is about 128 dd.

The sector's profitability is on an average of 3,35%.

The labour cost affects the turnover in the measure of 19,12%.

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 1,08.

The employees costs represent the 19,02% of the production costs.

 

Statistical Detrimental Data

 

Statistcally the trade activity shows periods of crisis.

The area is statistically considered moderately risky.

In the region 50.886 protested subjects are found; in the province they count to 5.551.

The insolvency index for the region is 0,55, , while for the province it is 0,48.

Total Bankrupt companies in the province : 3.452.

Total Bankrupt companies in the region : 39.612.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.73

UK Pound

1

Rs.100.92

Euro

1

Rs.84.06

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.