MIRA INFORM REPORT

 

 

Report Date :

28.08.2014

 

IDENTIFICATION DETAILS

 

Name :

RENO DE MEDICI SPA

 

 

Registered Office :

Viale Isonzo, 25 20135 - Milano    (MI)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

05.11.1983

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

·         Manufacture of paper and cardboard

·         Wholesale of paper, cardboard and stationery products

 

 

No. of Employees

From 500 to 750

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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 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 and address

 

RENO DE MEDICI SPA

 

Viale Isonzo, 25

 

20135 - Milano  (MI) -IT-

 

 

Summary

 

Fiscal Code

:

00883670150

Legal Form

:

Joint stock company

start of Activities

:

05/11/1983

Turnover Range

:

over 129.114.224

Number of Employees

:

From 500 to 750


 

 

Activity

 

Manufacture of paper and cardboard

Wholesale of paper, cardboard and stationery products

 

 

Legal Data

 

Legal Form : Joint stock company

Fiscal Code : 00883670150

 

Foreign Trade Reg. no. : MI088209 since 07/01/1992

 

Chamber of Commerce no. : 81601 of Belluno

 

Chamber of Commerce no. : 391377 of Bologna

 

Chamber of Commerce no. : 127892 of Frosinone since 09/02/1999

 

Chamber of Commerce no. : 131848 of Latina

 

Chamber of Commerce no. : 153186 of Milano since 05/10/1928

 

Chamber of Commerce no. : 456977 of Roma

 

Chamber of Commerce no. : 892817 of Torino

 

Chamber of Commerce no. : 230097 of Udine

 

Firms' Register : MI146-26581 of Milano since 19/02/1996

 

V.A.T. Code : 00883670150

 

Foundation date

: 05/10/1928

Establishment date

: 05/10/1928

Start of Activities

: 05/11/1983

Legal duration

: 31/12/2100

Nominal Capital

: 185.122.487

 

Subscribed Capital

: 185.122.487

 

Paid up Capital

: 185.122.487

 

 

 

Members

 

Carrara

Secondo

 

 

Born in Farini

( )

on 03/12/1951

- Fiscal Code : CRRSND51T03D502X

 

 

Residence:

 

Correggio

, 14

- 20063

Cernusco sul Naviglio

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

17/10/2008

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Moccagatta

Stefano

 

 

Born in Torino

(TO)

on 05/06/1952

- Fiscal Code : MCCSFN52H05L219W

 

 

Residence:

 

Isonzo

, 25

- 20135

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

18/10/2012

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Guazzoni

Laura

 

 

Born in Milano

(MI)

on 21/04/1965

- Fiscal Code : GZZLRA65D61F205I

 

 

Residence:

 

Isonzo

, 25

- 20135

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

29/04/2014

 

 

 

Marucci

Mino Leo

 

 

Born in Castel di Lama

(AP)

on 21/05/1954

- Fiscal Code : MRCMNL54E21C093A

 

 

Residence:

 

Cardani

, 4

- 20013

Magenta

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

07/06/2007

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Magnoni

Alessandro

 

 

Born in Albizzate

(VA)

on 16/06/1952

- Fiscal Code : MGNLSN52H16A167V

 

 

Residence:

 

Isonzo

, 25

- 20135

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

10/06/2013

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Lemaire

Laurent

 

 

Born in Drummond Ville

( )

on 02/01/1939

- Fiscal Code : LMRLNT39A02Z401A

 

 

Residence:

 

Isonzo

, 25

- 20135

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

29/04/2014

 

 

 

Canal

Francesco

 

 

Born in Feltre

(BL)

on 18/09/1964

- Fiscal Code : CNLFNC64P18D530H

 

 

Residence:

 

Isonzo

, 25

- 20135

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

10/06/2013

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Vigorelli

Guido Giuseppe Maria

 

 

Born in Milano

(MI)

on 09/01/1978

- Fiscal Code : VGRGGS78A09F205D

 

 

Residence:

 

Isonzo

, 25

- 20135

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

10/09/2009

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Capuano

Ignazio

 

 

Born in Palermo

(PA)

on 18/01/1957

- Fiscal Code : CPNGNZ57A18G273B

 

 

Residence:

 

Isonzo

, 25

- 20135

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

29/04/2014

 

 

Managing Director

29/04/2014

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Giliberti

Enrico

 

 

Born in Napoli

(NA)

on 29/06/1945

- Fiscal Code : GLBNRC45H29F839V

 

 

Residence:

 

Isonzo

, 25

- 20135

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

29/04/2014

 

 

 

Hall

Robert

 

 

Born in Sherbrooke

( )

on 21/03/1957

- Fiscal Code : HLLRRT57C21Z401H

 

 

Residence:

Simard Street

, 1651

Sherbrooke

- CA -

 

Position

Since

Shares Amount

% Ownership

Board Chairman

29/04/2014

 

 

Director

29/04/2014

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Cattaneo

Fiorenzo

 

 

Born in Magenta

(MI)

on 09/08/1960

- Fiscal Code : CTTFNZ60M09E801J

 

 

Residence:

 

Garibaldi

, 35

- 20010

Boffalora Sopra Ticino

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

18/10/2012

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Brentini

Giorgio

 

 

Born in Milano

(MI)

on 22/01/1939

- Fiscal Code : BRNGRG39A22F205A

 

 

Residence:

 

Amedeo D'aosta

, 0013

- 20100

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Manager

01/11/1983

 

 





 

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.

 

Capuano

Ignazio

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Cartiera Alto Milanese S.p.a.

Milano (MI) - IT -

00220250120

Board Chairman

Withdrawn

Registered

Aticarta Spa

Milano (MI) - IT -

06131130582

Director

Withdrawn

Ceased

Secit S.r.l. Societa' Ecologica Italiana

Perugia (PG) - IT -

01487180158

Director

Withdrawn

Composition with creditors

Emmaus Pack Srl

Milano (MI) - IT -

08777150155

Director

Withdrawn

Registered

Comieco Consorzio Nazionale Per Il Recupero Ed Il Riciclo Degli I Mballaggi A Ba

Milano (MI) - IT -

97207800158

Director

Active

Registered

Comieco Consorzio Nazionale Per Il Recupero Ed Il Riciclo Degli I Mballaggi A Ba

Milano (MI) - IT -

97207800158

Assistant board Chairman

Withdrawn

Registered

Comieco Consorzio Nazionale Per Il Recupero Ed Il Riciclo Degli I Mballaggi A Ba

Milano (MI) - IT -

97207800158

Board Chairman

Active

Registered

Termica Boffalora S.r.l.

Milano (MI) - IT -

02316140967

Director

Withdrawn

Registered

Part.e.l.l. S.p.a.

Valmadrera (LC) - IT -

01438190355

Director

Withdrawn

Registered

Red.im Srl

Milano (MI) - IT -

12956310150

Director

Withdrawn

Registered

R.d.m. Ovaro S.p.a.

Ovaro (UD) - IT -

13391610154

Director

Active

Registered

R.d.m. Ovaro S.p.a.

Ovaro (UD) - IT -

13391610154

Board Chairman

Active

Registered

Ecoboard S.r.l.

Milano (MI) - IT -

03575010966

Director

Withdrawn

Ceased

QUINTUS S.R.L.

Milano (MI) - IT -

03574300962

Sole Director

Withdrawn

Registered

TRENTINO RICERCA S.R.L.

Rovereto (TN) - IT -

01914770225

Director

Withdrawn

Registered

Careo S.r.l.

Milano (MI) - IT -

05945190964

Director

Active

Registered

Careo S.r.l.

Milano (MI) - IT -

05945190964

Board Chairman

Active

Registered

R.d.m. Tissue Core S.r.l.

Milano (MI) - IT -

06475060965

Director

Withdrawn

Registered

R.d.m. Tissue Core S.r.l.

Milano (MI) - IT -

06475060965

Board Chairman

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

Fallimento Exeufis Spa In Liquidazione

 

00739960151

 

 

Cascades Sas

 

 

 

 

Caisse De Depot Et Placement Du Quebec

 

 

 

 

 

 

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

R.d.m. Ovaro S.p.a.

Ovaro - IT -

13391610154

10.000.000 .Eur

80,00

 

 

Active

Pac Service S.p.a.

Vigonza - IT -

01880470289

333.300 .Eur

33,33

 

 

Active

Emmaus Pack Srl

Milano - IT -

08777150155

102.780 .Eur

51,39

 

 

Active

Manucor S.p.a.

Milano - IT -

11065600154

2.275.000 .Eur

22,75

 

 

Active

Careo S.r.l.

Milano - IT -

05945190964

70.000 .Eur

70,00

 

 

Active

Zar S.r.l.

Silea - IT -

04461980262

30.000 .Eur

33,33

 

 

Active

Cartiera Alto Milanese S.p.a.

Milano - IT -

00220250120

200.000 .Eur

100,00

 

 

Active

Consorzio Interaziendale Canavesano Per La Formazione Professionale -c.ia.c.- So

Valperga - IT -

05157480012

130 .Eur

0,27

 

 

Active

Consorzio Interaziendale Canavesano Per La Formazione Professionale -c.ia.c.- So

Valperga - IT -

92500110017

130 .Eur

0,27

 

 

Active

Ctm. Centro Taglio Magenta S.r.l.

Milano - IT -

13237120152

51.000 .Eur

100,00

 

 

Active

Gas Intensive Soc. Consortile A Responsa bilita' Limitata

Milano - IT -

03305420964

1.000 .Eur

0,34

 

 

Active

Torri Del Garda Resort S.r.l. In Liquida zione

Verbania - IT -

02159380035

1.450.000 .Eur

100,00

 

 

Active

R.d.m. Tissue Core S.r.l.

Milano - IT -

06475060965

60.000 .Eur

100,00

 

 

Active

 

Firm's location and structure

 

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

 

-

Legal and operative seat

 

 

 

 

 

 

 

Isonzo

, 25

- 20100

- Milano

(MI)

- IT -

 

-

Branch

(Factory)

since 14/12/1997

 

 

 

 

 

 

Cartiera

, 27

- 33025

- Ovaro

(UD)

- IT -

 

 

 

 

PHONE

: 066790200

 

-

Branch

(Factory)

since 14/12/1997

 

 

 

 

 

 

Z. Nerozzi

, 44

- 40043

- Marzabotto

(BO)

- IT -

 

 

 

 

PHONE

: 02752881

 

-

Branch

(Factory)

since 01/01/1999

 

 

 

 

 

 

Giacomo De Medici

, 39

- 20013

- Magenta

(MI)

- IT -

 

 

 

 

PHONE

: 02979601

 

 

 

 

FAX

: 0297960323

 

-

Branch

(Factory)

since 01/12/1998

 

 

 

 

 

- 32035

- Santa Giustina

(BL)

- IT -

 

-

Branch

(Factory)

since 01/01/1999

 

 

 

 

 

 

Casilina Km. 134

, SNC

- 03030

- Villa Santa Lucia

(FR)

- IT -

 

 

 

 

Employees

: 557

 

Fittings and Equipment for a value of 72.230.000

Eur

 

Stocks for a value of 38.690.000

Eur

 

Trade organization: direct or by agents.

Sales area on a national scale.

Transports are mainly done using own vehicles and third parties ones

The company supplies wholesalers and retailers.

 

Subject generally proposes terms of sale between 30 and 60 days.

Financial means used for sale: bank transfers and bank orders.

Purchase terms: 60-90-120 days.

Subject mostly pays its suppliers by issueing of drafts and/or by

by bank transfers.

 

Import comes generally from the following nations:

- Spain

 

- Germany

 

- Holland

 

- Belgium

 

- Finland

 

- Austria

 

- Great Britain

 

 

Traded Brands / Suppliers

 

- SAFFA

 

- SARRIO'

 

- PUBBLICA AMMINISTRAZIONE

 

 

Historical Information and/or Firm's Status

 

COMPANY STYLE MODIFICATIONS:

 

Former Style

New Style

Changement Date

Soc.An.Fin.Fiammiferi e Affini SpA

 

24/07/1937

 

EX-MEMBERS / EX-POSITIONS:

 

Pivato

Sergio

 

 

Born in Milano

(MI)

on 13/11/1945

- Fiscal Code : PVTSRG45S13F205X

 

 

Residence:

 

Mario Pagano

, 14

- 20100

Milano

(MI)

- IT -

 

Ex-Postions

Chairman of the Board of Aud.

 

Cavallera

Pier Giorgio

 

 

Born in Torino

(TO)

on 23/03/1946

- Fiscal Code : CVLPRG46C23L219O

 

 

Residence:

 

Abbondio Sangiorgio

, 13

- 20145

Milano

(MI)

- IT -

 

Ex-Postions

Director

 

Del Cane

Mario

 

 

Born in Cermignano

(TE)

on 18/11/1950

- Fiscal Code : DLCMRA50S18C517R

 

 

Residence:

 

Canova

, 19

- 21052

Busto Arsizio

(VA)

- IT -

 

Ex-Postions

Director

 

Tavormina

Carlo

 

 

Born in Roma

(RM)

on 24/10/1964

- Fiscal Code : TVRCRL64R24H501S

 

 

Residence:

 

Isonzo

, 25

- 20135

Milano

(MI)

- IT -

 

Ex-Postions

Permanent Auditor

 

Rossini

Emanuele

 

 

Born in San Marino

( )

on 05/06/1965

- Fiscal Code : RSSMNL65H05Z130E

 

 

Residence:

 

Dei Bossi

, 4

- 20121

Milano

(MI)

- IT -

 

Ex-Postions

Director

 

Rosina

Erminio

 

 

Born in Casale Monferrato

(AL)

on 13/11/1955

- Fiscal Code : RSNRMN55S13B885R

 

 

Residence:

 

Campagna

, 14

- 27100

Pavia

(PV)

- IT -

 

Ex-Postions

Procurator

 

Giorgis

Silvano

 

 

Born in Ovaro

(UD)

on 29/04/1953

- Fiscal Code : GRGSVN53D29G198M

 

 

Residence:

 

Mione

, 74

- 33025

Ovaro

(UD)

- IT -

 

Ex-Postions

Procurator

 

Leo

Mirko

 

 

Born in Lecce

(LE)

on 08/05/1975

- Fiscal Code : LEOMRK75E08E506B

 

 

Residence:

 

Dei Bossi

, 4

- 20121

Milano

(MI)

- IT -

 

Ex-Postions

Director

 

Garribba

Sergio

 

 

Born in Cles

(TN)

on 11/07/1939

- Fiscal Code : GRRSRG39L11C794A

 

 

Residence:

 

Meravigli

, 3

- 20123

Milano

(MI)

- IT -

 

Ex-Postions

Director

 

Dube'

Christian

 

 

Born in Quebec

( )

on 03/10/1956

- Fiscal Code : DBUCRS56R03Z401Q

 

 

Residence:

 

Dei Bossi

, 4

- 20121

Milano

(MI)

- IT -

 

Ex-Postions

Director

Board Chairman

 

Lemaire

Bernard

 

 

Born in Drummond Ville - Quebec

( )

on 06/05/1936

- Fiscal Code : LMRBNR36E06Z401D

 

 

Residence:

 

Dei Bossi

, 4

- 20121

Milano

(MI)

- IT -

 

Ex-Postions

Director

Assistant board Chairman

 

Hall

Robert

 

 

Born in Sherbrooke

( )

on 21/03/1957

 

 

Residence:

Simard Street

, 1651

Sherbrooke

- CA -

 

Ex-Postions

Director

 

Hall

Robert

 

 

Born in Sherbrooke

( )

on 21/03/1957

 

 

Residence:

Simard Street

, 1651

Sherbrooke

- CA -

 

Ex-Postions

Director

 

LOCATELLI

STEFANO

 

 

Born in MILANO

(MI)

on 11/04/1953

- Fiscal Code : LCTSFN53D11F205H

 

Ex-Postions

Procurator

 

GROELLER

MICHAEL

 

 

Born in MAURITZEN

( )

on 14/04/1941

- Fiscal Code : GRLMCL41D14F205H

 

 

Residence:

BRAHMSPLATZ

, 6

VIENNA

- AT -

 

Ex-Postions

Director

 

Pelle

Enzo

 

 

Born in Latina

(LT)

on 17/08/1968

- Fiscal Code : PLLNZE68M17E472M

 

 

Residence:

 

Durini

, 16/18

- 20122

Milano

(MI)

- IT -

 

Ex-Postions

Procurator

 

Hall

Robert

 

 

Born in Sherbrooke

( )

on 21/03/1957

 

 

Residence:

Simard Street

, 1651

Sherbrooke

- CA -

 

Ex-Postions

Director

 

Dell'aria Burani

Ugo

 

 

Born in Milano

(MI)

on 21/09/1951

- Fiscal Code : DLLGUO51P21F205W

 

 

Residence:

 

Fratelli Cervi

, 661

- 20090

Segrate

(MI)

- IT -

 

Ex-Postions

Assistant board Chairman

Director

 

De Min

Giancarlo

 

 

Born in BELLUNO

(BL)

on 24/06/1950

- Fiscal Code : DMNGCR50H24A757R

 

 

Residence:

 

DEI BOSSI

, 4

- 20100

Milano

(MI)

- IT -

 

Ex-Postions

Director

 

Garofano

Giuseppe

 

 

Born in Nereto

(TE)

on 25/01/1944

- Fiscal Code : GRFGPP44A25F870A

 

 

Residence:

 

Achille Mauri

, 2

- 20100

Milano

(MI)

- IT -

 

Ex-Postions

Assistant board Chairman

Board Chairman

Board Chairman

Director

 

Hall

Robert

 

 

Born in Sherbrooke

( )

on 21/03/1957

 

 

Residence:

Simard Street

, 1651

Sherbrooke

- CA -

 

Ex-Postions

Director

 

Hall

Robert

 

 

Born in Sherbrooke

( )

on 21/03/1957

 

 

Residence:

Simard Street

, 1651

Sherbrooke

- CA -

 

Ex-Postions

Director

 

Raponi

Loreto

 

 

Born in Monte San Giovanni Campano

(FR)

on 21/05/1954

- Fiscal Code : RPNLRT54E21F620C

 

 

Residence:

 

Della Chimica

, 1

- 04011

Aprilia

(LT)

- IT -

 

Ex-Postions

Procurator

 

Rossini

Ambrogio

 

 

Born in Acquaviva

( )

on 02/11/1936

- Fiscal Code : RSSMRG36S02Z130T

 

 

Residence:

 

Via Del Ghiandaio

, 5

San Marino

- SM -

 

Ex-Postions

Director

 

BAGLIONI

MARCO

 

 

Born in BRESCIA

(BS)

on 21/01/1957

- Fiscal Code : BGLMRC57A21B157A

 

 

Residence:

 

DEI BOSSI

, 4

- 20100

Milano

(MI)

- IT -

 

Ex-Postions

Director

 

TAGLIABUE

MASSIMO

 

 

Born in MILANO

(MI)

on 19/03/1960

- Fiscal Code : TGLMSM60C19F205V

 

 

Residence:

 

DEI BOSSI

, 4

- 20100

Milano

(MI)

- IT -

 

Ex-Postions

Procurator

 

Hall

Robert

 

 

Born in Sherbrooke

( )

on 21/03/1957

 

 

Residence:

Simard Street

, 1651

Sherbrooke

- CA -

 

Ex-Postions

Director

 

Hall

Robert

 

 

Born in Sherbrooke

( )

on 21/03/1957

 

 

Residence:

Simard Street

, 1651

Sherbrooke

- CA -

 

Ex-Postions

Director

 

Hall

Robert

 

 

Born in Sherbrooke

( )

on 21/03/1957

 

 

Residence:

Simard Street

, 1651

Sherbrooke

- CA -

 

Ex-Postions

Director

 

Hall

Robert

 

 

Born in Sherbrooke

( )

on 21/03/1957

 

 

Residence:

Simard Street

, 1651

Sherbrooke

- CA -

 

Ex-Postions

Director

 

Antonini

Graziano

 

 

Born in Pontremoli

(MS)

on 22/12/1951

- Fiscal Code : NTNGZN51T22G870N

 

 

Residence:

 

Liberta'

, 55

- 20019

Settimo Milanese

(MI)

- IT -

 

Ex-Postions

Procurator

 

Peretti

Carlo

 

 

Born in Firenze

(FI)

on 05/03/1930

- Fiscal Code : PRTCRL30C05D612A

 

 

Residence:

 

Piave

, 174

- 21057

Olgiate Olona

(VA)

- IT -

 

Ex-Postions

Assistant board Chairman

Director

 

Ciardullo

Riccardo

 

 

Born in Polistena

(RC)

on 14/09/1966

- Fiscal Code : CRDRCR66P14G791E

 

 

Residence:

 

Vigo

, 15

- 36050

Sovizzo

(VI)

- IT -

 

Ex-Postions

Director

 

Nicastro

Vincenzo

 

 

Born in Roma

(RM)

on 22/02/1947

- Fiscal Code : NCSVCN47B22H501M

 

 

Residence:

 

Dei Pellegrini

, 6

- 20122

Milano

(MI)

- IT -

 

Ex-Postions

Director

 

Hall

Robert

 

 

Born in Sherbrooke

( )

on 21/03/1957

 

 

Residence:

Simard Street

, 1651

Sherbrooke

- CA -

 

Ex-Postions

Director

 

Hall

Robert

 

 

Born in Sherbrooke

( )

on 21/03/1957

 

 

Residence:

Simard Street

, 1651

Sherbrooke

- CA -

 

Ex-Postions

Director

 

Hall

Robert

 

 

Born in Sherbrooke

( )

on 21/03/1957

 

 

Residence:

Simard Street

, 1651

Sherbrooke

- CA -

 

Ex-Postions

Director

 

De Mozzi

Myrta

 

 

Born in Vicenza

(VI)

on 01/03/1971

- Fiscal Code : DMZMRT71C41L840N

 

 

Residence:

 

San Gregorio

, 43/A

- 20100

Milano

(MI)

- IT -

 

Ex-Postions

Temporary Auditor

 

 

CEASINGS/INCORPORATIONS/MERGES

 

The firm absorbed by merging of

 

 

 

Reno De Medici Spa

 

 

 

Isonzo

, 25

, 20135

, Milano

(MI)

- IT -

 

 

Date

:

30/10/1996

 

The firm absorved

 

 

 

ITAL-PAC SPA

 

 

, MILANO

- IT -

 

 

Date

:

01/11/1985

 

The firm absorved

 

 

 

MILANAGRICOLA

 

 

, GENOVA

- IT -

 

 

Date

:

01/11/1985

 

The firm absorved

 

 

 

ITAL-PAC SPA

 

 

, MILANO

- IT -

 

 

Date

:

01/11/1985

 

The firm absorbed by merging of

 

 

 

ITAL-PAC SPA

 

 

, 20100

, Milano

(MI)

- IT -

 

 

Date

:

01/11/1985

 

The firm absorbed by merging of

 

 

 

PARTEFIN SRL

 

 

, 20100

, Milano

(MI)

- IT -

 

 

Date

:

31/12/1987

 

The firm absorbed by merging of

 

 

 

JANUA S.R.L.

 

 

, GENOVA

- IT -

 

 

Date

:

22/11/1995

 

Project of merging by taking over of

 

 

 

Saffapack Srl

 

 

 

Dei Bossi

, 0004

, 20121

, Milano

(MI)

- IT -

 

 

Fiscal Code: 08231800155

 

 

Date

Merging/splitting-up project:

06/05/1996

 

The firm absorbed by merging of

 

 

 

Saffapack Srl

 

 

 

Dei Bossi

, 0004

, 20121

, Milano

(MI)

- IT -

 

 

Fiscal Code: 08231800155

 

 

Date

:

21/10/1996

 

Project of merging by taking over of

 

 

 

Reno De Medici S.p.a.

 

 

 

Di Porta Vittoria

, 0032

, 20122

, Milano

(MI)

- IT -

 

 

Fiscal Code: 00827500158

 

 

Date

Merging/splitting-up project:

18/07/1997

 

The firm absorbed by merging of

 

 

 

Reno De Medici S.p.a.

 

 

 

Di Porta Vittoria

, 0032

, 20122

, Milano

(MI)

- IT -

 

 

Fiscal Code: 00827500158

 

 

Date

:

04/12/1997

 

The firm absorbed by merging of

 

 

 

Reno De Medici S.p.a.

 

 

 

Di Porta Vittoria

, 0032

, 20122

, Milano

(MI)

- IT -

 

 

Fiscal Code: 00827500158

 

 

Date

:

30/06/1998

 

Project of merging by taking over of

 

 

 

SARRIO S.A.

 

 

, El Prat De Llobregat

- IT -

 

 

Date

Merging/splitting-up project:

07/04/1998

 

Project of merging by taking over of

 

 

 

SARRIO S.A.

 

 

, El Prat De Llobregat

- IT -

 

 

Date

Merging/splitting-up project:

15/05/1998

 

The firm absorbed by merging of

 

 

 

SARRIO S.A.

 

 

, El Prat De Llobregat (barcell)

- IT -

 

 

Date

:

20/10/1998

 

Project of merging by taking over of

 

 

 

Saffapack Sud Srl

 

 

 

dei Bossi

, 4

, 20100

, Milano

(MI)

- IT -

 

 

Fiscal Code: 08224300155

 

 

Date

Merging/splitting-up project:

13/03/2000

 

The firm absorbed by merging of

 

 

 

Saffapack Sud Srl

 

 

 

dei Bossi

, 4

, 20100

, Milano

(MI)

- IT -

 

 

Fiscal Code: 08224300155

 

 

Date

:

31/10/2000

 

Splitting-up project and setting-up of new co

 

 

Date

Merging/Splitting-up Project-New Company:

28/12/2005

 

Splitting-up and setting-up of a new company

 

 

 

RDM REALTY SPA

 

 

, Milano

- IT -

 

 

Date

Splitting-up:

07/02/2005

 

Splitting-up and setting-up of a new company

 

 

 

RDM REALTY S.P.A.

 

 

, Milano

- IT -

 

 

Date

Splitting-up:

19/06/2006

 

Project of merging by taking over of

 

 

 

CASCADES ITALIA S.R.L.

 

 

, 20100

, Milano

(MI)

- IT -

 

 

Fiscal Code: 05838690963

 

 

Date

Merging/splitting-up project:

13/09/2007

 

The firm absorbed by merging of

 

 

 

CASCADES ITALIA S.R.L.

 

 

, 20100

, Milano

(MI)

- IT -

 

 

Fiscal Code: 05838690963

 

 

Date

:

26/02/2008

 

Splitting-up and setting-up of new Co. Resol.

 

 

 

RDM REALTY SPA

 

 

, Milano

- IT -

 

 

Date

Splitting-up:

07/02/2005



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.

 

 

Bankers

 

The firm operates with:

 

Bank Name

Agency Name

Address

ZIP Code

City

ABI Code

CAB Code

BANCA POP. EMILIA ROMAGNA

 

 

 

 

5387

0

INTESA SANPAOLO SPA

 

 

 

 

3069

0



Financial and Economical Analysis

 

Subject is active since 1983

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

In the economic management , good and bad results followed on by turns. anyway in 2013 a positive result was achieved (r.o.e. 0,46%).

The operating result was positive in the last financial year (2,29%) falling within the field's average.

The amount of the operating result for the year 2013 is of Eur. 7.031.000 increasing if compared to the yeart 2012.

During the latest financial year the gross operating margin amounted to Eur. 24.403.000 showing an upward trend if compared to 2012.

The company has an excellent net worth if compared to its debts, with a low indebtedness (0,85) but slighlty increasing.

The equity capital is equal to Eur. 146.386.000 on stable levels.

During the last financial year total debts volume reached Eur. 146.905.000 (Eur. 19.615.000 were m/l term ones) showing a stable trend as opposed to 2012 (Eur. 165.566.000).

The financial exposure is moderate, on the other hand the recourse to commercial credit is high, with a high average payment period and higher than sector's average.

The liquidity level is not completely good.

Accounts receivable average term is 47,22 days. , that compared to the sector's average is shorter.

As far as the cash flow is concerned during the latest financial year it amounted to Eur. 17.913.000

Labour cost amounts to Eur. 30.843.000, with a 13,45% incidence on production costs. , with a 14,29% incidence on turnover.

The incidence of the financial charges is of -0,72% on the sales amount.





Financial Data

 

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

215.899.000

Profit (Loss) for the period

676.000

 

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

230.774.000

Profit (Loss) for the period

-9.932.000

 

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

284.150.000

Profit (Loss) for the period

4.004.000



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.

612.000

1.249.000

1.461.000

. . Goodwill

 

 

 

. . Assets in formation and advance paymen.

474.000

 

 

. . Other intangible fixed assets

 

 

 

. Total Intangible Fixed Assets

1.086.000

1.249.000

1.461.000

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

51.284.000

55.682.000

58.005.000

. . Plant and machinery

72.136.000

81.643.000

96.244.000

. . Industrial and commercial equipment

98.000

83.000

215.000

. . Other assets

22.000

24.000

63.000

. . Assets under construction and advances

5.053.000

2.828.000

2.200.000

. Total Tangible fixed assets

128.593.000

140.260.000

156.727.000

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

76.376.000

81.659.000

106.971.000

. . . Equity invest. in subsidiary companies

75.746.000

79.771.000

101.366.000

. . . Equity invest. in associated companies

630.000

1.888.000

5.605.000

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

 

 

 

. . Financial receivables

455.000

296.000

138.000

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

455.000

296.000

138.000

. . . 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

455.000

296.000

138.000

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

455.000

296.000

138.000

. . Other securities

 

191.000

195.000

. . Own shares

 

 

 

. . . Total nominal value

 

 

 

. Total financial fixed assets

76.831.000

82.146.000

107.304.000

Total fixed assets

206.510.000

223.655.000

265.492.000

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

13.566.000

15.524.000

21.687.000

. . Work in progress and semimanufactured

 

 

 

. . Work in progress on order

 

 

 

. . Finished goods

25.126.000

23.238.000

23.295.000

. . Advance payments

 

 

 

. Total Inventories

38.692.000

38.762.000

44.982.000

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

56.892.000

59.523.000

76.624.000

. . Beyond 12 months

2.632.000

 

 

. . Trade receivables

28.319.000

30.473.000

45.420.000

. . . . Within 12 months

28.319.000

30.473.000

45.420.000

. . . . Beyond 12 months

 

 

 

. . Receivables due from subsid. comp.

4.145.000

4.270.000

10.013.000

. . . . Within 12 months

4.145.000

4.270.000

10.013.000

. . . . Beyond 12 months

 

 

 

. . Receivables due from assoc. comp.

16.686.000

23.454.000

18.808.000

. . . . Within 12 months

16.686.000

23.454.000

18.808.000

. . . . Beyond 12 months

 

 

 

. . Receivables due from holding comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Fiscal Receivables

217.000

355.000

1.750.000

. . . . Within 12 months

217.000

355.000

1.750.000

. . . . Beyond 12 months

 

 

 

. . Receivables for anticipated taxes

2.632.000

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

2.632.000

 

 

. . Receivables due from third parties

7.525.000

971.000

633.000

. . . . Within 12 months

7.525.000

971.000

633.000

. . . . Beyond 12 months

 

 

 

. Total Credits not held as fixed assets

59.524.000

59.523.000

76.624.000

. 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

 

 

 

. LIQUID FUNDS

 

 

 

. . Bank and post office deposits

2.265.000

2.618.000

2.189.000

. . Checks

 

 

 

. . Banknotes and coins

13.000

11.000

10.000

. Total Liquid funds

2.278.000

2.629.000

2.199.000

Total current assets

100.494.000

100.914.000

123.805.000

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

 

 

 

. Other adjustment accounts

329.000

332.000

1.434.000

Total adjustments accounts

329.000

332.000

1.434.000

TOTAL ASSETS

307.333.000

324.901.000

390.731.000

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

185.122.000

185.122.000

185.122.000

. Additional paid-in capital

 

 

 

. Revaluation reserves

 

 

 

. Legal reserve

408.000

408.000

208.000

. Reserve for Own shares

 

 

 

. Statute reserves

 

 

 

. Other reserves

2.802.000

2.063.000

447.000

. Accumulated Profits (Losses)

-42.622.000

-32.690.000

-36.616.000

. Profit( loss) of the year

676.000

-9.932.000

4.004.000

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

146.386.000

144.971.000

153.165.000

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

 

 

 

. . Taxation fund, also differed

 

573.000

570.000

. . Other funds

4.806.000

3.685.000

7.567.000

Total Reserves for Risks and Charges

4.806.000

4.258.000

8.137.000

Employee termination indemnities

8.950.000

9.767.000

11.195.000

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

127.290.000

119.455.000

154.383.000

. . . . Beyond 12 months

19.615.000

46.111.000

63.460.000

. . 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

53.257.000

68.791.000

82.683.000

. . . . Within 12 months

34.637.000

26.015.000

27.819.000

. . . . Beyond 12 months

18.620.000

42.776.000

54.864.000

. . Due to other providers of finance

764.000

1.335.000

1.486.000

. . . . Within 12 months

483.000

632.000

464.000

. . . . Beyond 12 months

281.000

703.000

1.022.000

. . Advances from customers

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Trade payables

58.337.000

70.806.000

79.406.000

. . . . Within 12 months

58.337.000

70.806.000

79.406.000

. . . . Beyond 12 months

 

 

 

. . Securities issued

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to subsidiary companies

714.000

1.428.000

6.370.000

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

714.000

1.428.000

6.370.000

. . Due to associated companies

4.335.000

3.651.000

6.471.000

. . . . Within 12 months

4.335.000

3.651.000

6.471.000

. . . . Beyond 12 months

 

 

 

. . Due to holding companies

22.045.000

13.043.000

32.428.000

. . . . Within 12 months

22.045.000

13.043.000

32.428.000

. . . . Beyond 12 months

 

 

 

. . Due to the tax authorities

1.834.000

849.000

2.810.000

. . . . Within 12 months

1.834.000

849.000

2.810.000

. . . . Beyond 12 months

 

 

 

. . Due to social security and welfare inst.

2.090.000

2.114.000

2.283.000

. . . . Within 12 months

2.090.000

2.114.000

2.283.000

. . . . Beyond 12 months

 

 

 

. . Other payables

3.529.000

3.549.000

3.906.000

. . . . Within 12 months

3.529.000

2.345.000

2.702.000

. . . . Beyond 12 months

 

1.204.000

1.204.000

Total accounts payable

146.905.000

165.566.000

217.843.000

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

286.000

339.000

391.000

Total adjustment accounts

286.000

339.000

391.000

TOTAL LIABILITIES

307.333.000

324.901.000

390.731.000

 

 

 

 

 

 

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

215.899.000

230.774.000

284.150.000

. Changes in work in progress

2.359.000

4.153.000

-1.860.000

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

 

169.000

 

. Other income and revenues

18.096.000

14.076.000

14.715.000

. . Contributions for operating expenses

240.000

268.000

607.000

. . Different income and revenues

17.856.000

13.808.000

14.108.000

Total value of production

236.354.000

249.172.000

297.005.000

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

96.994.000

105.282.000

134.089.000

. Services received

78.605.000

86.266.000

100.072.000

. Leases and rentals

1.230.000

1.322.000

1.220.000

. Payroll and related costs

30.843.000

33.705.000

37.585.000

. . Wages and salaries

20.434.000

22.665.000

26.725.000

. . Social security contributions

7.096.000

8.169.000

9.179.000

. . Employee termination indemnities

 

 

 

. . Pension and similar

 

 

 

. . Other costs

3.313.000

2.871.000

1.681.000

. Amortization and depreciation

17.237.000

16.921.000

16.502.000

. . Amortization of intangible fixed assets

514.000

518.000

517.000

. . Amortization of tangible fixed assets

12.339.000

14.228.000

15.805.000

. . Depreciation of tangible fixed assets

3.963.000

1.914.000

 

. . Writedown of current receiv.and of liquid

421.000

261.000

180.000

. Changes in raw materials

1.361.000

2.660.000

403.000

. Provisions to risk reserves

135.000

27.000

158.000

. Other provisions

 

 

 

. Other operating costs

2.918.000

3.424.000

3.462.000

Total production costs

229.323.000

249.607.000

293.491.000

Diff. between value and cost of product.

7.031.000

-435.000

3.514.000

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

3.374.000

3.598.000

7.307.000

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

270.000

347.000

425.000

. . Financ.income from receivables

 

 

 

. . . Towards subsidiary companies

 

 

 

. . . Towards associated companies

 

 

 

. . . Towards holding companies

 

 

 

. . . Towards other companies

 

 

 

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

 

 

 

. . Financ.income from secur. cur.assets

 

 

 

. . Financ.income other than the above

 

 

 

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

 

 

 

. Interest and other financial expense

-5.202.000

-6.302.000

-6.528.000

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

 

 

 

Total financial income and expense

-1.558.000

-2.357.000

1.204.000

ADJUSTMENTS TO FINANCIAL ASSETS

 

 

 

. Revaluations

 

 

 

. . Of equity investments

 

 

 

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

 

 

 

. . Of securities incl.among current assets

 

 

 

. Devaluation

-7.640.000

-6.167.000

-5.668.000

. . Of equity investments

-7.640.000

-6.167.000

-5.668.000

. . Of financial fixed assets (no equity inv)

 

 

 

. . Of securities included among current ass

 

 

 

Total adjustments to financial assets

-7.640.000

-6.167.000

-5.668.000

EXTRAORDINARY INCOME AND EXPENSE

 

 

 

. Extraordinary income

93.000

 

 

. . Gains on disposals

 

 

 

. . Other extraordinary income

93.000

 

 

. Extraordinary expense

 

 

-318.000

. . Losses on disposals

 

 

 

. . Taxes relating to prior years

 

 

-318.000

. . Other extraordinary expense

 

 

 

Total extraordinary income and expense

93.000

 

-318.000

Results before income taxes

-2.074.000

-8.959.000

-1.268.000

. Taxes on current income

-2.750.000

973.000

-5.272.000

. . current taxes

1.477.000

1.023.000

690.000

. . differed taxes(anticip.)

-3.343.000

-50.000

-5.962.000

. Net income for the period

676.000

-9.932.000

4.004.000

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

676.000

-9.932.000

4.004.000

 

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

0,67

0,69

0,68

0,43

Elasticity Ratio

Units

0,33

0,31

0,32

0,55

Availability of stock

Units

0,13

0,12

0,12

0,12

Total Liquidity Ratio

Units

0,20

0,19

0,20

0,40

Quick Ratio

Units

0,01

0,01

0,01

0,01

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

0,85

0,81

0,99

1,49

Self Financing Ratio

Units

0,48

0,45

0,39

0,29

Capital protection Ratio

Units

-0,27

-0,21

-0,23

0,76

Liabilities consolidation quotient

Units

0,22

0,47

0,48

0,29

Financing

Units

1,00

1,14

1,42

2,09

Permanent Indebtedness Ratio

Units

0,57

0,62

0,58

0,47

M/L term Debts Ratio

Units

0,09

0,17

0,19

0,13

Net Financial Indebtedness Ratio

Units

0,35

0,47

0,54

0,66

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

0,85

0,90

0,86

1,13

Current ratio

Units

0,79

0,84

0,80

1,18

Acid Test Ratio-Liquidity Ratio

Units

0,49

0,52

0,51

0,81

Structure's primary quotient

Units

0,71

0,65

0,58

0,65

Treasury's primary quotient

Units

0,02

0,02

0,01

0,02

Rate of indebtedness ( Leverage )

%

209,95

224,11

255,10

347,40

Current Capital ( net )

Value

-26.796.000

-18.541.000

-30.578.000

277.456

RETURN

 

 

 

 

 

Return on Sales

%

8,30

3,03

7,22

3,75

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

%

0,46

-6,85

2,61

0,03

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

%

-1,42

-6,18

-0,83

0,71

Return on Investment ( R.O.I. )

%

2,29

-0,13

0,90

2,25

Return/ Sales

%

3,26

-0,19

1,24

2,41

Extra Management revenues/charges incid.

%

9,61

n.c.

113,94

15,06

Cash Flow

Value

17.913.000

6.989.000

20.506.000

375.939

Operating Profit

Value

7.031.000

-435.000

3.514.000

75.030

Gross Operating Margin

Value

24.403.000

16.513.000

20.174.000

984.767

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

47,22

47,54

57,54

115,37

Debts to suppliers average term

Days

173,93

165,99

190,68

130,42

Average stock waiting period

Days

64,52

60,47

56,99

51,55

Rate of capital employed return ( Turnover )

Units

0,70

0,71

0,73

0,94

Rate of stock return

Units

5,58

5,95

6,32

6,98

Labour cost incidence

%

14,29

14,61

13,23

14,75

Net financial revenues/ charges incidence

%

-0,72

-1,02

0,42

-2,34

Labour cost on purchasing expenses

%

13,45

13,50

12,81

14,06

Short-term financing charges

%

3,54

3,81

3,00

3,03

Capital on hand

%

142,35

140,79

137,51

105,97

Sales pro employee

Value

351.055

349.128

327.739

268.685

Labour cost pro employee

Value

50.151

50.990

43.350

34.580

 

 

 

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

:

3.839.216

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 210 significant companies.

 

The companies cash their credits on an average of 115 dd.

The average duration of suppliers debts is about 130 dd.

The sector's profitability is on an average of 3,75%.

The labour cost affects the turnover in the measure of 14,75%.

Goods are held in stock in a range of 52 dd.

The difference between the sales volume and the resources used to realize it is about 0,94.

The employees costs represent the 14,06% of the production costs.

 


 

Statistical Detrimental Data

 

Statistcally the trade activity shows periods of crisis.

The area is statistically considered lowly risky.

In the region 50.886 protested subjects are found; in the province they count to 24.765.

The insolvency index for the region is 0,55, , while for the province it is 0,66.

Total Bankrupt companies in the province : 22.523.

Total Bankrupt companies in the region : 39.612.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.46

UK Pound

1

Rs.100.14

Euro

1

Rs.79.65

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIS

 

               

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.