MIRA INFORM REPORT

 

 

Report Date :

02.08.2014

 

IDENTIFICATION DETAILS

 

Name :

MARIPLAST S.P.A.

 

 

Registered Office :

Via G. Rossa, 41, 51037 – Montale (PT)-IT

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

21.01.1970

 

 

Legal Form :

Joint stock company

 

 

Line of Business :

Manufacturer of plastics products

 

 

No of Employees :

from 11 to 15

 

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Italy

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

C2

Very High Risk

 

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 higher. 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 133% of GDP in 2013, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2013 economic growth and labor market conditions deteriorated, with growth at -1.8% and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007 pre-crisis level.

 

Source : CIA

COMPANY NAME & ADDRESS

 

Mariplast S.p.a.

 

Via

G. Rossa,

41

 

51037

- Montale

(PT)

-IT-

 

 

Summary

 

Fiscal Code

:

00420150484

Legal Form

:

Joint stock company

start of Activities

:

21/01/1970

Equity

:

Over 2.582.254

Turnover Range

:

3.000.000/3.750.000

Number of Employees

:

from 11 to 15

 

 

Activity

 

Manufacture of plastics products

 

Legal Data

 

Legal Form : Joint stock company

Fiscal Code : 00420150484

 

Foreign Trade Reg. no. : PO005913 since 27/12/1991

 

Chamber of Commerce no. : 154263 of Cremona

 

Chamber of Commerce no. : 224521 of Prato since 07/02/1970

 

Chamber of Commerce no. : 170696 of Pistoia since 17/03/2009

 

Firms' Register : PO005-2291 of Prato since 19/02/1996

 

V.A.T. Code : 00233200971

 

Foundation date

: 21/01/1970

Establishment date

: 21/01/1970

Start of Activities

: 21/01/1970

Legal duration

: 31/12/2050

Nominal Capital

: 1.292.000

 

Subscribed Capital

: 1.292.000

 

Paid up Capital

: 1.292.000

 

 

Members

 

 

Romagnoli

Tiziano

 

 

 

Born in Imola

(BO)

on 17/07/1936

- Fiscal Code : RMGTZN36L17E289H

 

 

 

Residence:

 

Santa Gonda

, 84

- 59100

Prato

(PO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Board Chairman

14/05/2013

 

 

Director

14/05/2013

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Romagnoli

Mauro

 

 

 

Born in Prato

(FI)

on 13/09/1964

- Fiscal Code : RMGMRA64P13G999M

 

 

 

Residence:

 

Fornello

, 97/2

- 50013

Campi Bisenzio

(FI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Managing Director

14/05/2013

 

 

Director

14/05/2013

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Romagnoli

Fabia

 

 

 

Born in Prato

(FI)

on 14/07/1963

- Fiscal Code : RMGFBA63L54G999D

 

 

 

Residence:

 

Del Colle

, 17

- 59100

Prato

(PO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Managing Director

14/05/2013

 

 

Director

14/05/2013

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Calvi

Maria Adele

 

 

 

Born in Casale Monferrato

(AL)

on 15/05/1936

- Fiscal Code : CLVMDL36E55B885H

 

 

 

Residence:

 

Santa Gonda

, 84

- 59100

Prato

(PO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Assistant board Chairman

14/05/2013

 

 

Director

14/05/2013

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Gold Plast S.r.l.

 

 

 

 

Position

Since

Shares Amount

% Ownership

Partner

 

 

 

 

 

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.

 

 

Romagnoli

Tiziano

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Mariplast Europa S.r.l.

Prato (FI) - IT -

01644710970

Procurator

Withdrawn

Merged

Mariplast Europa S.r.l.

Prato (FI) - IT -

01644710970

Board Chairman

Withdrawn

Merged

Promopast*consorzio Per La Promozione AlL'estero Del Commercio Internazionale

Prato (FI) - IT -

03104920487

Chairman

Withdrawn

Registered

Gold Plast S.r.l.

Prato (PO) - IT -

03435830488

Sole Director

Active

Registered

Gold Plast S.r.l.

Prato (PO) - IT -

03435830488

Partner

Withdrawn

Registered

I.m.a. - Industrie Meccanotessili E Associate - Societa' Consortile A R.

Prato (PO) - IT -

01623870977

Chairman

Withdrawn

Ceased

"officine Meccaniche Delta Societa' A REsponsabilita' Limitata "in Forma Abbrev

Prato (PO) - IT -

00684060486

Limited Partner

Withdrawn

Registered

Marifan Di Burberi Ademaro E C. - S.a.s.

Montemurlo (FI) - IT -

00754880482

Limited Partner

Withdrawn

Registered

 

 

Romagnoli

Mauro

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Domino Di Romagnoli Fabia E C. S.a.s.

Prato (PO) - IT -

02047050485

Limited Partner

Withdrawn

Ceased

Mariplast Europa S.r.l.

Prato (FI) - IT -

01644710970

Sole Director

Withdrawn

Merged

Mariplast Europa S.r.l.

Prato (FI) - IT -

01644710970

Procurator

Withdrawn

Merged

Mariplast Europa S.r.l.

Prato (FI) - IT -

01644710970

Board Chairman

Withdrawn

Merged

Gold Plast S.r.l.

Prato (PO) - IT -

03435830488

Partner

Withdrawn

Registered

"officine Meccaniche Delta Societa' A REsponsabilita' Limitata "in Forma Abbrev

Prato (PO) - IT -

00684060486

Managing Director

Withdrawn

Registered

Marifan Di Burberi Ademaro E C. - S.a.s.

Montemurlo (FI) - IT -

00754880482

Limited Partner

Withdrawn

Registered

DOMINO DI ROMAGNOLI FABIA E C. S.A.S.

Prato (PO) - IT -

02047050485

Limited Partner

Withdrawn

Registered

 

 

Romagnoli

Fabia

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Domino Di Romagnoli Fabia E C. S.a.s.

Prato (PO) - IT -

02047050485

General Partner

Withdrawn

Ceased

Mariplast Europa S.r.l.

Prato (FI) - IT -

01644710970

Managing Director

Withdrawn

Merged

Gold Plast S.r.l.

Prato (PO) - IT -

03435830488

Partner

Withdrawn

Registered

Farmacia San Lorenzo Del Dr. Massimo Ippolito E C. S.a.s.

Firenze (FI) - IT -

04861830489

Limited Partner

Active

Registered

Farmacia Venturi S.a.s. Del Dottor Francesco Venturi

Castelfiorentino (FI) - IT -

05275860483

Limited Partner

Active

Registered

Societa' Di Modugno Del Dr.claudio Di Modugno E C. S.a.s.

San Casciano in Val di Pesa (FI) - IT -

05417700480

Limited Partner

Active

Registered

Marifan Di Burberi Ademaro E C. - S.a.s.

Montemurlo (FI) - IT -

00754880482

General Partner

Withdrawn

Registered

Marifan Di Burberi Ademaro E C. - S.a.s.

Montemurlo (FI) - IT -

00754880482

Liquidator

Withdrawn

Registered

DOMINO DI ROMAGNOLI FABIA E C. S.A.S.

Prato (PO) - IT -

02047050485

General Partner

Withdrawn

Registered

L. E M. - Lavoro E Medicina S.r.l.

Prato (PO) - IT -

01900000975

Director

Withdrawn

Registered

La Scala Della D.ssa Paola Sestini E C.S.a.s.

San Miniato (PI) - IT -

02062580507

Limited Partner

Active

Registered

Farmacia Bottari Del Dr. Sergio BottariS.a.s.

Prato (PO) - IT -

01814500979

Limited Partner

Active

Registered

 

 

Calvi

Maria Adele

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Gold Plast S.r.l.

Prato (PO) - IT -

03435830488

Partner

Withdrawn

Registered

"officine Meccaniche Delta Societa' A REsponsabilita' Limitata "in Forma Abbrev

Prato (PO) - IT -

00684060486

General Partner

Withdrawn

Registered

"officine Meccaniche Delta Societa' A REsponsabilita' Limitata "in Forma Abbrev

Prato (PO) - IT -

00684060486

Board Chairman

Withdrawn

Registered

Marifan Di Burberi Ademaro E C. - S.a.s.

Montemurlo (FI) - IT -

00754880482

Limited Partner

Withdrawn

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

Romagnoli Tiziano

Prato - IT -

RMGTZN36L17E289H

452.200 .Eur

35,00

Calvi Maria Adele

Prato - IT -

CLVMDL36E55B885H

323.000 .Eur

25,00

Gold Plast S.r.l.

 

03435830488

516.800 .Eur

40,00

 

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

 

since 21/01/1970

 

 

 

 

 

 

G. Rossa

, 41

- 51037

- Montale

(PT)

- IT -

 

 

 

 

PHONE

: 0574623575

 

 

 

 

FAX

: 0574623895

 

-

Branch

(Factory)

since 18/02/2009

 

 

 

 

 

 

Guido Rossa

, 41/C

- 51037

- Montale

(PT)

- IT -

 

-

Branch

(Warehouse)

since 10/02/2010

 

 

 

 

 

 

Guido Rossa

, 41/B

- 51037

- Montale

(PT)

- IT -

 

 

 

 

Employees

: 14

 

Fittings and Equipment for a value of 4.290.000

Eur

 

Stocks for a value of 1.210.000

Eur

 

 

The firm operates abroad as importer / exporter..

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

Products abroad are placed by :

- its own agents

 

Import comes generally from the following nations:

- Italy

 

Export is mainly towards:

- Greece

 

- Austria

 

- Hungary

 

- Bulgaria

 

- Somalia

 

- Gabon

 

- Guyana

 

 

 

Historical Information and/or Firm's Status

 

CHANGES TO THE LEGAL FORM:

 

Former legal form

New legal form

Changement Date

Limited partnership

Joint stock company

05/12/1978

 

COMPANY STYLE MODIFICATIONS:

 

Former Style

New Style

Changement Date

Mariplast di Tiziano Romagnoli e C. S.a.S.

 

05/12/1978

 

EX-MEMBERS / EX-POSITIONS:

 

 

Romagnoli

Elena

 

 

 

Born in Prato

(FI)

on 07/10/1966

- Fiscal Code : RMGLNE66R47G999V

 

 

 

Residence:

 

Fontaine Rd

, 40

Greenville

- IT -

 

Ex-Postions

Managing Director

Director

 

 

Calvi

Maria Adele

 

 

 

Born in Casale Monferrato

(AL)

on 15/05/1936

- Fiscal Code : CLVMDL36E55B885H

 

 

 

Residence:

 

Santa Gonda

, 84

- 59100

Prato

(PO)

- IT -

 

Ex-Postions

Managing Director

 

CEASINGS/INCORPORATIONS/MERGES:

 

 

The firm absorved

 

 

 

Etruria Manifattura Filati S.R.L.

 

 

 

, PRATO, VIA BOTTICELLI 67

- IT -

 

 

 

Date

:

23/12/1996

 

 

The firm absorved

 

 

 

ETRURIA - MANIFATTURA FILATI - S.R.L.

 

 

 

 

SANDRO BOTTICELLI

, 67

, 50047

, Prato

(PO)

- IT -

 

 

 

Date

:

23/12/1996

 

 

The firm absorved

 

 

 

Mariplast Europa S.r.l.

 

 

 

 

Botticelli

, 67

, 50047

, Prato

(FI)

- IT -

 

 

 

Fiscal Code: 01644710970

 

 

 

Date

:

27/12/2000

 

 

The firm absorbed by merging of

 

 

 

ETRURIA - MANIFATTURA FILATI - S.R.L.

 

 

 

 

SANDRO BOTTICELLI

, 67

, 50047

, Prato

(PO)

- IT -

 

 

 

Date

:

23/12/1996

 

 

Project of merging by taking over of

 

 

 

Mariplast Europa S.r.l.

 

 

 

 

Botticelli

, 67

, 50047

, Prato

(FI)

- IT -

 

 

 

Fiscal Code: 01644710970

 

 

 

Date

Merging/splitting-up project:

28/06/2000

 

 

The firm absorbed by merging of

 

 

 

Mariplast Europa S.r.l.

 

 

 

 

Botticelli

, 67

, 50047

, Prato

(FI)

- IT -

 

 

 

Fiscal Code: 01644710970

 

 

 

Date

:

27/12/2000

 

 

Project of merging by taking over of

 

 

 

"officine Meccaniche Delta Societa' A REsponsabilita' Limitata "in Forma Abbrev

 

 

 

 

Pollative

, 119/S

, 50047

, Prato

(PO)

- IT -

 

 

 

Fiscal Code: 00684060486

 

 

 

Date

Merging/splitting-up project:

01/10/2008

 

 

The firm absorbed by merging of

 

 

 

"officine Meccaniche Delta Societa' A REsponsabilita' Limitata "in Forma Abbrev

 

 

 

 

Pollative

, 119/S

, 50047

, Prato

(PO)

- IT -

 

 

 

Fiscal Code: 00684060486

 

 

 

Date

:

16/12/2008

 

 

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

 

Company's starting of activities dates back to 1970.

An eco-fin analysis has been made on the base od the b/s fo the years 2011, 2012 and 2013.

During the last years, it achieved profits (r.o.e. 0,51% on 2013) but without a significant increase in the turnover.

The return on Investment in the last financial year was positive (1,67%) falling within the field's average.

The amount of the operating result for the year 2013 is of Eur. 132.277 rising (+66,81%) in relation to the previous year.

A gross operating margine for a value of Eur. 623.078 was reached. stable if compared to the financial year 2012.

From a financial aspect the company's status covers total short-term debts; the indebtedness volume in 2013 is in fact 0,67 and with an upward trend compared to the previous year.

Subject can manage an equity capital funds for an amount of Eur. 3.512.652 , stable in comparison with the value of the previous year.

During the last financial year debts totalled Eur. 3.983.867 (Eur. 1.617.477 of which were m/l term debts) with no important change.

Financial indebdtedness is under control whereas debts to suppliers are frequent besides being higher than sector's average.

Liquid assets are good.

Trade credits are collected slowly, average term is 217,67 days. and higher than the average of the sector.

2013 financial year closed with a cash flow of Eur. 508.736

In the last financial year labour cost was of Eur. 747.014, with a 21,9% incidence on total costs of production. , with a 23,51% incidence on turnover.

Finacial chareges are high: the incidence on sales volume amounts to -3,63%




Financial Data

 

 

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

3.176.785

Profit (Loss) for the period

17.935

 

 

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

3.031.479

Profit (Loss) for the period

11.936

 

 

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

3.415.533

Profit (Loss) for the period

4.193

 

 

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

3.728.379

Profit (Loss) for the period

34.154



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 31/12/2013 - 12 Mesi - Currency: - Amounts x 1

 

- 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

 

Years

2013

2012

2011

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

 

 

 

. . Concessions,licenses,trademarks,etc.

 

 

 

. . Goodwill

 

 

 

. . Assets in formation and advance paymen.

 

 

 

. . Other intangible fixed assets

 

 

 

. Total Intangible Fixed Assets

285.044

312.893

355.762

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

 

 

 

. . Plant and machinery

 

 

 

. . Industrial and commercial equipment

 

 

 

. . Other assets

 

 

 

. . Assets under construction and advances

 

 

 

. Total Tangible fixed assets

3.414.617

3.709.365

3.989.581

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

 

 

565.221

. . . Equity invest. in subsidiary companies

 

 

517.849

. . . Equity invest. in associated companies

 

 

47.350

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

 

 

22

. . Financial receivables

 

100.850

98.405

. . . . Within 12 months

 

 

40.439

. . . . Beyond 12 months

 

 

57.966

. . . 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

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Other securities

 

 

 

. . Own shares

 

 

 

. . . Total nominal value

 

 

 

. Total financial fixed assets

307.656

700.115

663.626

Total fixed assets

4.007.317

4.722.373

5.008.969

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

 

 

 

. . Work in progress and semimanufactured

 

 

 

. . Work in progress on order

 

 

 

. . Finished goods

 

 

 

. . Advance payments

 

 

 

. Total Inventories

1.214.914

1.224.849

1.168.241

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

2.520.246

2.204.378

2.290.783

. . Beyond 12 months

39.187

41.250

38.331

. . Trade receivables

1.920.768

 

1.741.374

. . . . Within 12 months

1.920.768

 

1.741.374

. . . . Beyond 12 months

 

 

 

. . Receivables due from subsid. comp.

30.918

 

30.918

. . . . Within 12 months

30.918

 

30.918

. . . . Beyond 12 months

 

 

 

. . Receivables due from assoc. comp.

421.181

 

380.886

. . . . Within 12 months

421.181

 

380.886

. . . . Beyond 12 months

 

 

 

. . Receivables due from holding comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Fiscal Receivables

71.512

 

80.917

. . . . Within 12 months

71.512

 

80.917

. . . . Beyond 12 months

 

 

 

. . Receivables for anticipated taxes

39.187

 

38.331

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

39.187

 

38.331

. . Receivables due from third parties

75.867

 

56.688

. . . . Within 12 months

75.867

 

56.688

. . . . Beyond 12 months

 

 

 

. Total Credits not held as fixed assets

2.559.433

2.245.628

2.329.114

. 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

 

 

 

. Total Financial Assets

131.625

129.750

111.000

. LIQUID FUNDS

 

 

 

. . Bank and post office deposits

 

 

 

. . Checks

 

 

 

. . Banknotes and coins

 

 

 

. Total Liquid funds

1.214

7.043

569

Total current assets

3.907.186

3.607.270

3.608.924

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

 

 

 

. Other adjustment accounts

3.377

3.217

2.713

Total adjustments accounts

3.377

3.217

2.713

TOTAL ASSETS

7.917.880

8.332.860

8.620.606

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

1.292.000

1.292.000

1.292.000

. Additional paid-in capital

 

 

 

. Revaluation reserves

 

 

 

. Legal reserve

81.442

80.846

80.636

. Reserve for Own shares

 

 

 

. Statute reserves

 

 

 

. Other reserves

2.121.275

2.109.935

2.105.952

. Accumulated Profits (Losses)

 

 

 

. Profit( loss) of the year

17.935

11.936

4.193

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

3.512.652

3.494.717

3.482.781

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

 

 

 

. . Taxation fund, also differed

 

 

 

. . Other funds

 

 

 

Total Reserves for Risks and Charges

186.213

193.716

187.566

Employee termination indemnities

203.098

199.667

164.413

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

2.366.390

2.585.000

2.688.528

. . . . Beyond 12 months

1.617.477

1.837.677

2.037.296

. . Bonds

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Convertible bonds repayable

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to shareholders for financing

1.357.949

 

1.605.406

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

1.357.949

 

1.605.406

. . Due to banks

1.595.443

 

2.102.214

. . . . Within 12 months

1.339.412

 

1.713.213

. . . . Beyond 12 months

256.031

 

389.001

. . Due to other providers of finance

40.756

 

73.909

. . . . Within 12 months

37.259

 

31.020

. . . . Beyond 12 months

3.497

 

42.889

. . Advances from customers

 

 

66.137

. . . . Within 12 months

 

 

66.137

. . . . Beyond 12 months

 

 

 

. . Trade payables

844.534

 

739.164

. . . . Within 12 months

844.534

 

739.164

. . . . 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

20.743

 

 

. . . . Within 12 months

20.743

 

 

. . . . Beyond 12 months

 

 

 

. . Due to holding companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to the tax authorities

61.433

 

58.368

. . . . Within 12 months

61.433

 

58.368

. . . . Beyond 12 months

 

 

 

. . Due to social security and welfare inst.

28.386

 

41.374

. . . . Within 12 months

28.386

 

41.374

. . . . Beyond 12 months

 

 

 

. . Other payables

34.623

 

39.252

. . . . Within 12 months

34.623

 

39.252

. . . . Beyond 12 months

 

 

 

Total accounts payable

3.983.867

4.422.677

4.725.824

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

32.050

22.083

60.022

Total adjustment accounts

32.050

22.083

60.022

TOTAL LIABILITIES

7.917.880

8.332.860

8.620.606

 

 

 

 

 

 

 

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

3.176.785

3.031.411

3.415.533

. Changes in work in progress

59.635

50.973

-79.009

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

195.542

176.825

94.520

. Other income and revenues

110.879

129.820

125.428

. . Contributions for operating expenses

31.680

6.000

 

. . Different income and revenues

79.199

123.820

125.428

Total value of production

3.542.841

3.389.029

3.556.472

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

1.412.328

1.365.663

1.567.983

. Services received

489.612

 

534.934

. Leases and rentals

173.691

653.945

152.526

. Payroll and related costs

747.014

737.603

764.022

. . Wages and salaries

562.794

553.209

587.521

. . Social security contributions

148.208

147.254

140.104

. . Employee termination indemnities

33.877

35.264

34.077

. . Pension and similar

 

 

 

. . Other costs

2.135

1.876

2.320

. Amortization and depreciation

490.801

500.684

492.794

. . Amortization of intangible fixed assets

78.227

66.162

60.204

. . Amortization of tangible fixed assets

412.574

434.522

432.590

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

 

 

 

. Changes in raw materials

69.570

-5.635

-84.416

. Provisions to risk reserves

 

31.301

 

. Other provisions

 

 

 

. Other operating costs

27.548

26.173

23.492

Total production costs

3.410.564

3.309.734

3.451.335

Diff. between value and cost of product.

132.277

79.295

105.137

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

150

150

 

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

 

150

 

. Other financial income

8.177

5.139

4.103

. . Financ.income from receivables

 

 

 

. . . Towards subsidiary companies

 

 

 

. . . Towards associated companies

 

 

 

. . . Towards holding companies

 

 

 

. . . Towards other companies

 

 

 

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

5.354

 

1.388

. . Financ.income from secur. cur.assets

 

4.642

 

. . Financ.income other than the above

 

497

 

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

 

497

 

. Interest and other financial expense

-123.708

-131.570

-164.500

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

 

131.570

 

Total financial income and expense

-115.381

-126.281

-160.397

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

33.705

93.001

113.536

. . Gains on disposals

33.107

10.045

 

. . Other extraordinary income

598

82.956

113.536

. Extraordinary expense

-1.751

-8.292

-22.552

. . Losses on disposals

 

 

-12.019

. . Taxes relating to prior years

 

 

 

. . Other extraordinary expense

-1.751

-8.292

-10.533

Total extraordinary income and expense

31.954

84.709

90.984

Results before income taxes

48.850

37.723

35.724

. Taxes on current income

30.915

25.787

31.531

. . current taxes

28.852

28.706

29.987

. . differed taxes(anticip.)

2.063

-2.919

1.544

. Net income for the period

17.935

11.936

4.193

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

17.935

11.936

4.193

 

Ratios

 

RATIOS

Value Type

as at 31/12/2013

as at 31/12/2012

as at 31/12/2011

Sector Average

COMPOSITION ON INVESTMENT

 

 

 

 

 

Rigidity Ratio

Units

0,51

0,57

0,58

0,33

Elasticity Ratio

Units

0,49

0,43

0,42

0,65

Availability of stock

Units

0,15

0,15

0,14

0,14

Total Liquidity Ratio

Units

0,34

0,29

0,28

0,47

Quick Ratio

Units

0,02

0,02

0,01

0,01

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

0,67

0,74

0,77

2,54

Self Financing Ratio

Units

0,44

0,42

0,40

0,22

Capital protection Ratio

Units

0,63

0,63

0,63

0,74

Liabilities consolidation quotient

Units

0,77

0,79

0,82

0,24

Financing

Units

1,13

1,27

1,36

3,21

Permanent Indebtedness Ratio

Units

0,67

0,66

0,66

0,41

M/L term Debts Ratio

Units

0,23

0,24

0,26

0,13

Net Financial Indebtedness Ratio

Units

0,85

n.c.

1,09

1,12

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

1,33

1,17

1,13

1,17

Current ratio

Units

1,65

1,40

1,34

1,10

Acid Test Ratio-Liquidity Ratio

Units

1,14

0,92

0,91

0,82

Structure's primary quotient

Units

0,88

0,74

0,70

0,68

Treasury's primary quotient

Units

0,06

0,05

0,04

0,03

Rate of indebtedness ( Leverage )

%

225,41

238,44

247,52

455,17

Current Capital ( net )

Value

1.540.796

1.022.270

920.398

135.108

RETURN

 

 

 

 

 

Return on Sales

%

16,01

16,91

14,55

3,71

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

%

0,51

0,34

0,12

2,32

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

%

1,39

1,08

1,03

8,76

Return on Investment ( R.O.I. )

%

1,67

0,95

1,22

3,87

Return/ Sales

%

4,16

2,62

3,08

3,60

Extra Management revenues/charges incid.

%

13,56

15,05

3,99

16,69

Cash Flow

Value

508.736

512.620

496.987

147.669

Operating Profit

Value

132.277

79.295

105.137

140.969

Gross Operating Margin

Value

623.078

611.280

597.931

283.954

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

217,67

n.c.

183,54

110,91

Debts to suppliers average term

Days

150,07

n.c.

117,98

113,90

Average stock waiting period

Days

137,68

145,46

123,13

47,23

Rate of capital employed return ( Turnover )

Units

0,40

0,36

0,40

1,09

Rate of stock return

Units

2,61

2,47

2,92

7,61

Labour cost incidence

%

23,51

24,33

22,37

15,52

Net financial revenues/ charges incidence

%

-3,63

-4,17

-4,70

-1,76

Labour cost on purchasing expenses

%

21,90

22,29

22,14

15,56

Short-term financing charges

%

3,11

2,97

3,48

3,19

Capital on hand

%

249,24

274,88

252,39

91,39

Sales pro employee

Value

226.913

131.803

148.501

214.336

Labour cost pro employee

Value

53.358

32.069

33.218

32.630

 

Remarks

 

1) Protests checking (relative to the last five years) performed by crossing and matching the members names and the Firm's Style with the reported addresses, is supplied by the Informatic Registry managed by the Italian Chamber of Commerce. If the fiscal code is not indicated, the eventual homonymous cases are submitted to expert staff evaluation in order to limit wrong matching risks.

 

2) The Legal Data, supplied and retrived from the Firm's Registry of the Italian Chamber of Commerce, are in line with the last registered modifications.

 

3) Risk evaluation and Credit Opinion have been performed on the base of the actual data at the moment of their availability.

 

Market / Territory Data

 

Population living in the province

:

277.028

Population living in the region

:

3.598.269

Number of families in the region

:

1.474.681

 

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

 

- per food products

:

444

- per non food products

:

2.009

- per energy consume

:

122

 

Sector Data

 

The values are calculated on a base of 2.727 significant companies.

 

The companies cash their credits on an average of 111 dd.

The average duration of suppliers debts is about 114 dd.

The sector's profitability is on an average of 3,71%.

The labour cost affects the turnover in the measure of 15,52%.

Goods are held in stock in a range of 47 dd.

The difference between the sales volume and the resources used to realize it is about 1,09.

The employees costs represent the 15,56% of the production costs.

 

Statistical Detrimental Data

 

Statistcally the trade activity shows periods of crisis.

The area is statistically considered remarkably risky.

In the region 24.960 protested subjects are found; in the province they count to 2.482.

The insolvency index for the region is 0,70, , while for the province it is 0,91.

Total Bankrupt companies in the province : 1.559.

Total Bankrupt companies in the region : 20.423.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 60.85

UK Pound

1

Rs. 102.68

Euro

1

Rs. 81.46

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

DPT

 

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.