MIRA INFORM REPORT

 

 

Report Date :

18.12.2014

 

IDENTIFICATION DETAILS

 

Name :

COMPAR - SOCIETA' PER AZIONI

 

 

Registered Office :

Via A. Volta,      6,

35010 - Limena (PD)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

08.12.1931

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

·         Engaged in Wholesale of footwear and accessories

·         Engaged in Retail sale of footwear and leather goods in specialised stores

·         Engaged in Retail sale of leatherwear and luggage

 

 

No of Employees :

2.029

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Slow

Litigation :

Clear 

NOTES :

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

 

ECGC Country Risk Classification List – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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 & address

 

Compar - Societa' Per Azioni

 

Via A. Volta,      6

 

35010 - Limena (PD) -IT-

 

 

Summary

 

Fiscal Code

:

00362520280

Legal Form

:

Joint stock company

start of Activities

:

08/12/1931

Equity

:

Over 2.582.254

Turnover Range

:

over 129.114.224

Number of Employees

:

2.029

Group

:

COMPAR/BATA

 

 

Activity

 

Wholesale of footwear and accessories

Retail sale of footwear and leather goods in specialised stores

Retail sale of leatherwear and luggage



Legal Data

 

Legal Form : Joint stock company

Fiscal Code : 00362520280

 

Foreign Trade Reg. no. : PD013431 since 31/12/1991

 

Chamber of Commerce no. : 103170 of Agrigento

 

Chamber of Commerce no. : 225291 of Alessandria

 

Chamber of Commerce no. : 240412 of Alessandria

 

Chamber of Commerce no. : 106529 of Ancona

 

Chamber of Commerce no. : 36310 of Aosta

 

Chamber of Commerce no. : 126626 of Ascoli Piceno

 

Chamber of Commerce no. : 99292 of L'Aquila

 

Chamber of Commerce no. : 50412 of Arezzo

 

Chamber of Commerce no. : 107903 of Asti

 

Chamber of Commerce no. : 105970 of Avellino

 

Chamber of Commerce no. : 183597 of Avellino

 

Chamber of Commerce no. : 147745 of Bari

 

Chamber of Commerce no. : 332968 of Bari

 

Chamber of Commerce no. : 121883 of Bergamo

 

Chamber of Commerce no. : 359142 of Bergamo

 

Chamber of Commerce no. : 393816 of Bergamo

 

Chamber of Commerce no. : 175297 of Biella

 

Chamber of Commerce no. : 17980 of Belluno

 

Chamber of Commerce no. : 113648 of Benevento

 

Chamber of Commerce no. : 159006 of Bologna

 

Chamber of Commerce no. : 53870 of Brindisi

 

Chamber of Commerce no. : 160497 of Brescia

 

Chamber of Commerce no. : 31523 of Bolzano

 

Chamber of Commerce no. : 92719 of Cagliari

 

Chamber of Commerce no. : 84265 of Campobasso

 

Chamber of Commerce no. : 137370 of Caserta

 

Chamber of Commerce no. : 177796 of Chieti

 

Chamber of Commerce no. : 177254 of Cuneo

 

Chamber of Commerce no. : 199788 of Como

 

Chamber of Commerce no. : 81256 of Cremona

 

Chamber of Commerce no. : 152999 of Cremona

 

Chamber of Commerce no. : 73891 of Cosenza

 

Chamber of Commerce no. : 102621 of Catania

 

Chamber of Commerce no. : 165997 of Catanzaro

 

Chamber of Commerce no. : 26985 of Ferrara

 

Chamber of Commerce no. : 148099 of Foggia

 

Chamber of Commerce no. : 212671 of Foggia

 

Chamber of Commerce no. : 180588 of Firenze

 

Chamber of Commerce no. : 126626 of Fermo

 

Chamber of Commerce no. : 34690 of Forli'

 

Chamber of Commerce no. : 302393 of Forli'

 

Chamber of Commerce no. : 328886 of Forli'

 

Chamber of Commerce no. : 126110 of Frosinone

 

Chamber of Commerce no. : 185854 of Genova

 

Chamber of Commerce no. : 19053 of Gorizia

 

Chamber of Commerce no. : 76305 of Gorizia

 

Chamber of Commerce no. : 62457 of Grosseto

 

Chamber of Commerce no. : 65489 of Imperia

 

Chamber of Commerce no. : 155327 of Lecce

 

Chamber of Commerce no. : 32809 of Livorno

 

Chamber of Commerce no. : 107024 of Latina

 

Chamber of Commerce no. : 88455 of Lucca

 

Chamber of Commerce no. : 185030 of Lucca

 

Chamber of Commerce no. : 371117 of Monza e Brianza

 

Chamber of Commerce no. : 144761 of Macerata

 

Chamber of Commerce no. : 89118 of Messina

 

Chamber of Commerce no. : 317717 of Milano

 

Chamber of Commerce no. : 371117 of Milano

 

Chamber of Commerce no. : 113556 of Mantova

 

Chamber of Commerce no. : 126726 of Modena

 

Chamber of Commerce no. : 106606 of Massa

 

Chamber of Commerce no. : 81934 of Matera

 

Chamber of Commerce no. : 278782 of Napoli

 

Chamber of Commerce no. : 622181 of Napoli

 

Chamber of Commerce no. : 166719 of Novara

 

Chamber of Commerce no. : 128785 of Oristano

 

Chamber of Commerce no. : 142334 of Palermo since 03/12/1987

 

Chamber of Commerce no. : 78603 of Piacenza

 

Chamber of Commerce no. : 53356 of Padova since 20/09/1948

 

Chamber of Commerce no. : 40917 of Pescara

 

Chamber of Commerce no. : 139434 of Perugia

 

Chamber of Commerce no. : 42374 of Pisa

 

Chamber of Commerce no. : 91395 of Pordenone

 

Chamber of Commerce no. : 180588 of Prato

 

Chamber of Commerce no. : 99181 of Parma

 

Chamber of Commerce no. : 90594 of Pesaro

 

Chamber of Commerce no. : 160179 of Pistoia

 

Chamber of Commerce no. : 150887 of Pavia

 

Chamber of Commerce no. : 183580 of Pavia

 

Chamber of Commerce no. : 76640 of Potenza

 

Chamber of Commerce no. : 58159 of Ravenna

 

Chamber of Commerce no. : 178740 of Ravenna

 

Chamber of Commerce no. : 80257 of Reggio Calabria

 

Chamber of Commerce no. : 48471 of Reggio Emilia

 

Chamber of Commerce no. : 239321 of Reggio Emilia

 

Chamber of Commerce no. : 50410 of Ragusa

 

Chamber of Commerce no. : 307566 of Roma

 

Chamber of Commerce no. : 34690 of Rimini

 

Chamber of Commerce no. : 33042 of Rovigo

 

Chamber of Commerce no. : 135798 of Rovigo

 

Chamber of Commerce no. : 173609 of Salerno

 

Chamber of Commerce no. : 92079 of Siena

 

Chamber of Commerce no. : 49284 of Sondrio

 

Chamber of Commerce no. : 47828 of La Spezia

 

Chamber of Commerce no. : 87385 of Siracusa

 

Chamber of Commerce no. : 61319 of Sassari

 

Chamber of Commerce no. : 41737 of Savona

 

Chamber of Commerce no. : 80210 of Taranto

 

Chamber of Commerce no. : 124266 of Teramo

 

Chamber of Commerce no. : 34651 of Trento

 

Chamber of Commerce no. : 379965 of Torino

 

Chamber of Commerce no. : 34782 of Terni

 

Chamber of Commerce no. : 40564 of Trieste

 

Chamber of Commerce no. : 115621 of Treviso

 

Chamber of Commerce no. : 166507 of Treviso

 

Chamber of Commerce no. : 94017 of Udine

 

Chamber of Commerce no. : 142979 of Varese

 

Chamber of Commerce no. : 166719 of Verbania

 

Chamber of Commerce no. : 112972 of Venezia

 

Chamber of Commerce no. : 44853 of Vicenza

 

Chamber of Commerce no. : 74283 of Verona

 

Chamber of Commerce no. : 70964 of Viterbo

 

Chamber of Commerce no. : 164580 of Vibo Valentia

 

Firms' Register : PD060-8312 of Padova since 19/02/1996

 

V.A.T. Code : 00362520280

 

R. E. C. no. : 19438 of Padova

 

R. E. C. no. : 0019438 of Padova

 

Foundation date

: 08/12/1931

Establishment date

: 08/12/1931

Start of Activities

: 08/12/1931

Legal duration

: 31/12/2050

Nominal Capital

: 25.000.000

 

Subscribed Capital

: 25.000.000

 

Paid up Capital

: 25.000.000

 



Members

 

Orlandi

Andrea

 

 

Born in Bologna

(BO)

on 21/06/1968

- Fiscal Code : RLNNDR68H21A944W

 

 

Residence:

 

Risorgimento

, 432/5D

- 40069

Zola Predosa

(BO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

26/07/2013

 

 

 

Prejudicial events registered

 

Mortgage by Court Injunction - 13/03/2013. - 56.000 Euro.

  BANCA SELLA S. P. A.

 

No Protests registered

 

Cook

Matthew Adrian

 

 

Born in Maldon

( )

on 26/10/1962

- Fiscal Code : CKOMTH62R26Z114G

 

 

Residence:

 

Volta

, 6

- 35010

Limena

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

25/01/2012

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Crivellaro

Matteo

 

 

Born in Padova

(PD)

on 09/12/1974

- Fiscal Code : CRVMTT74T09G224Z

 

 

Residence:

 

Volta

, 6

- 35010

Limena

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/06/2011

 

 

Director

18/12/2013

 

 

Managing Director

18/12/2013

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Nicole'

Marco

 

 

Born in Padova

(PD)

on 20/08/1965

- Fiscal Code : NCLMRC65M20G224H

 

 

Residence:

 

Volta

, 6

- 35010

Limena

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

07/02/2007

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Cavaletto

Giampaolo

 

 

Born in Agna

(PD)

on 19/02/1964

- Fiscal Code : CVLGPL64B19A075I

 

 

Residence:

 

Volta

, 6

- 35010

Limena

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/06/2011

 

 

Director

18/12/2013

 

 

Assistant board Chairman

18/12/2013

 

 

Managing Director

18/12/2013

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

International Footwear Investment B.v.

 

 

 

 

Position

Since

Shares Amount

% Ownership

Partner

 

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Fuser

Giorgio

 

 

Born in Padova

(PD)

on 27/08/1963

- Fiscal Code : FSRGRG63M27G224G

 

 

Residence:

 

Volta

, 6

- 35010

Limena

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

03/01/2014

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Calderoni

Dario

 

 

Born in Desio

(MB)

on 18/11/1979

- Fiscal Code : CLDDRA79S18D286T

 

 

Residence:

 

Volta

, 6

- 35010

Limena

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

14/02/2014

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Van T'hoff

Henri Carel

 

 

Born in Istanbul

( )

on 13/09/1956

 

 

Residence:

Rossinilaan

, 30

Hilversum

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

18/12/2013

 

 

Board Chairman

18/12/2013

 

 

 

No Protests registered

 

International Footwear Investment B.v.

 

 

 

 

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.

 

Crivellaro

Matteo

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Upim S.r.l

Venezia (VE) - IT -

05034590967

Procurator

Withdrawn

Ceased

Crivellaro Matteo

Selvazzano Dentro (PD) - IT -

CRVMTT74T09G224Z

Proprietor

-

Ceased



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

International Footwear Investment B.v.

 

80035270281

24.915.000 .Eur

99,66

Euro Footwear Holdings S.a.r.l.

 

 

85.000 .Eur

0,34



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

Mediterraneo S.p.a.

Teverola - IT -

07627660637

103 .Eur

0,01

 

 

Active

Consorzio Centro Commerciale Itaca

Formia - IT -

01732250590

 

 

 

 

Active

I Gigli

Campi Bisenzio - IT -

04799320488

 

 

 

 

Active

L'ariosto S.c.r.l.

Reggio Emilia - IT -

01562760353

136 .Eur

1,31

 

 

Active

Centro Torri S.r.l.

Parma - IT -

01627270349

458 .Eur

3,44

 

 

Active

Consorzio Centro Commerciale Montecatini

Massa e Cozzile - IT -

01211220478

.Eur

4,54

 

 

Active

Consorzio Centro Commerciale Terranova

Olbia - IT -

01767370909

4.789 .Eur

3,12

 

 

Active

Consorzio Centro Commerciale Tuscia

Viterbo - IT -

01588840569

 

 

 

 

Active

Consorzio Operatori Centro Commerciale L E Porte Di Napoli

Afragola - IT -

03542341213

 

 

 

 

Active

Consorzio Operatori Centro Commerciale T iziano

San Biagio di Callalta - IT -

03372730261

258 .Eur

4,76

 

 

Active

Val Di Chienti - Societa' Consortile A R .l.

Macerata - IT -

01341950432

493 .Eur

4,84

 

 

Active

CENTRO COMMERCIALE DI CHIUSI - SOCIETA' CONSORTILE A RESPONSABI- LITA' LIMITATA

Prato - IT -

00798090528

4.005 .Eur

4,53

 

 

Active

Consorzio Operatori 8 Gallery

Torino - IT -

08327120013

 

 

 

 

Active

Consorzio Degli Operatori Del Centro Com Merciale Roma Est

Roma - IT -

09022701008

 

 

 

 

Active

Consorzio Operatori Centro Commerciale C Arrefour Limbiate O In Sigla "cocl"

Limbiate - IT -

05269230966

 

 

 

 

Active

Il Leone Shopping Center

Lonato - IT -

02884520988

 

 

 

 

Active

Consorzio Operatori Centro Commerciale M aximall Di Pontecagnano F Aiano (sa) Od

Pontecagnano Faiano - IT -

04454960651

 

 

 

 

Active

Consorzio I Portici Di Forli'

Forli' - IT -

03467480400

 

 

 

 

Active

Consorzio Operatori Centro Commerciale Q Uarto Nuovo

Quarto - IT -

05882061210

 

 

 

 

Active

Consorzio Degli Operatori Del Centro Com merciale La Corte Del Sole

Sestu - IT -

03026950927

 

3,12

 

 

Active

Consorzio Operatori Centro Commerciale M egliadino

Megliadino San Fidenzio - IT -

04212450284

 

 

 

 

Active

Le Valli Di Carnia

Amaro - IT -

02264340304

 

 

 

 

Active

Consorzio Operatori Centro Commerciale Vibo Center

 

02876970787

 

 

 

 

Active

Consorzio Del Centro Commerciale Tiburti No

Guidonia Montecelio - IT -

10217441004

 

 

 

 

Active

Le Torri D'europa - Societa' Consortile A Responsabilita' Limitata

Trieste - IT -

90096440327

629 .Eur

1,79

 

 

Active

Consorzio Degli Operatori Del Centro Com merciale Fonti Del Coral

Livorno - IT -

01424070496

 

 

 

 

Active

Consorzio Degli Operatori Del Centro Com merciale La Grand'a Siglabile Ove Consen

Cuneo - IT -

03010910044

 

 

 

 

Active

Consorzio Degli Operatori Del Centro Com merciale Fuentes

Piantedo - IT -

00855690145

 

 

 

 

Active

Consorzio Degli Operatori Del Centro Com merciale La Fabbrica

Santo Stefano di Magra - IT -

01289090118

 

 

 

 

Active

Consorzio Centro*sesto In Sigla Centro S esto

 

05351790489

 

 

 

 

Active

Consorzio Centro*empoli

Empoli - IT -

05783950487

.Eur

1,92

 

 

Active

Consorzio Degli Operatori Del Complesso Commerciale Citta' Fiera

Martignacco - IT -

02579070307

 

 

 

 

Active

Consorzio Degli Operatori Del Centro Com Merciale Casilino

Roma - IT -

07119971005

 

 

 

 

Active

Consorzio Centro Commerciale Buonvento

Benevento - IT -

01351060627

 

 

 

 

Active

Consorzio Aurelia Antica

Grosseto - IT -

01465770533

 

 

 

 

Active

 

 

Firm's location and structure

 

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

 

-

Legal and operative seat

 

since 08/12/1931

 

 

 

 

 

 

A. Volta

, 6

- 35010

- Limena

(PD)

- IT -

 

 

 

 

Trading Style: BATA

 

 

 

 

PHONE

: 0498991211

 

-

Branch

(Branch)

 

 

 

 

 

 

Risorgimento Ang. S. Lucia

- 35100

- Padova

(PD)

- IT -

 

 

 

 

PHONE

: 049655366

 

-

Branch

(Warehouse)

since 01/01/1997

 

 

 

 

 

 

A. Volta

, 2/A

- 35010

- Limena

(PD)

- IT -

 

-

Branch

(Shop)

since 20/03/1997

 

 

 

 

 

 

C.colombo

, 79

- 35043

- Monselice

(PD)

- IT -

 

 

 

 

Trading Style: BATA SUPERSTORE

 

 

 

 

Total Surface: 750 Sq.mt.

 

-

Branch

(Warehouse)

since 01/01/2000

 

 

 

 

 

 

Alessandro Volta

, 2

- 35010

- Limena

(PD)

- IT -

 

-

Branch

(Shop)

since 27/09/2003

 

 

 

 

 

 

A. Volta

, 2

- 35010

- Limena

(PD)

- IT -

 

 

 

 

Trading Style: BATA FACTORY STORE

 

 

 

 

Total Surface: 865 Sq.mt.

 

 

 

 

PHONE

: 0825781474

 

-

Branch

 

since 10/07/2004

 

 

 

 

 

 

Malcanton

, 40/15

- 35010

- Trebaseleghe

(PD)

- IT -

 

 

 

 

Trading Style: BATA SUPERSTORE

 

-

Branch

(Warehouse)

since 01/01/2006

 

 

 

 

 

 

A. Volta

- 35010

- Villafranca Padovana

(PD)

- IT -

 

-

Branch

(Shop)

since 24/10/2006

 

 

 

 

 

 

Verga

, 1

- 35020

- Albignasego

(PD)

- IT -

 

 

 

 

Trading Style: BATA

 

 

 

 

Total Surface: 455 Sq.mt.

 

-

Branch

(Shop)

since 14/06/2007

 

 

 

 

 

 

Vallesella

, 314

- 35040

- Megliadino San Fidenzio

(PD)

- IT -

 

 

 

 

Trading Style: BATA

 

 

 

 

Total Surface: 375 Sq.mt.

 

 

 

 

PHONE

: 0735751587

 

-

Branch

(Warehouse)

since 01/07/2009

 

 

 

 

 

 

Alessandro Volta

, 64

- 35010

- Villafranca Padovana

(PD)

- IT -

 

-

Branch

(Warehouse)

since 01/07/2011

 

 

 

 

 

 

Stati Uniti

, 18

- 35100

- Padova

(PD)

- IT -

 

-

Branch

(Shop)

since 08/12/2011

 

 

 

 

 

 

Roma

, 16

- 35100

- Padova

(PD)

- IT -

 

 

 

 

Trading Style: AW LAB

 

 

 

 

Total Surface: 83 Sq.mt.

 

-

Branch

(Warehouse)

since 01/01/2014

 

 

 

 

 

 

Maestri Del Lavoro

, 1

- 35016

- Piazzola sul Brenta

(PD)

- IT -

 

-

Branch

(Shop)

since 30/07/2009

 

 

 

 

 

 

Romita

- 15100

- Alessandria

(AL)

- IT -

 

 

 

 

Trading Style: ATHLETES WORLD

 

 

 

 

Total Surface: 125 Sq.mt.

 

-

Branch

(Shop)

since 30/08/2009

 

 

 

 

 

 

Romita

- 15100

- Alessandria

(AL)

- IT -

 

 

 

 

Trading Style: BATA

 

 

 

 

Total Surface: 292 Sq.mt.

 

-

Branch

(Shop)

since 30/09/1985

 

 

 

 

 

 

Garibaldi, 126

- 60100

- Ancona

(AN)

- IT -

 

 

 

 

Trading Style: BATA

 

-

Branch

(Shop)

since 25/05/2006

 

 

 

 

 

S.s. Adriatica Nord

, 23

- 60019

- Senigallia

(AN)

- IT -

 

 

 

 

Trading Style: BATA

 

-

Branch

(Shop)

since 06/06/2013

 

 

 

 

 

 

Campo D'aviazione

, 17

- 60021

- Camerano

(AN)

- IT -

 

 

 

 

Trading Style: BATA

 

 

 

 

Total Surface: 460 Sq.mt.

 

-

Branch

(Shop)

since 16/07/2005

 

 

 

 

 

 

E. Ferrari Loc. Farniole

- 52045

- Foiano della Chiana

(AR)

- IT -

 

 

 

 

Trading Style: BATA FACTORY STORE

 

 

 

 

Total Surface: 380 Sq.mt.

 

-

Branch

(Shop)

since 12/12/2013

 

 

 

 

 

 

Nazionale Torrette

, 239

- 83013

- Mercogliano

(AV)

- IT -

 

 

 

 

Trading Style: BATA

 

 

 

 

Total Surface: 400 Sq.mt.

 

-

Branch

(Shop)

since 01/03/2008

 

 

 

 

 

 

Olivetti

- 70056

- Molfetta

(BA)

- IT -

 

 

 

 

Trading Style: ATHLETES WORLD

 

 

 

 

Total Surface: 170 Sq.mt.

 

-

Branch

(Shop)

since 01/03/2008

 

 

 

 

 

 

Olivetti

- 70056

- Molfetta

(BA)

- IT -

 

 

 

 

Trading Style: BATA

 

 

 

 

Total Surface: 436 Sq.mt.

 

-

Branch

(Shop)

since 29/11/2012

 

 

 

 

 

 

Noicattaro

, 2

- 70010

- Casamassima

(BA)

- IT -

 

 

 

 

Trading Style: AW LAB

 

 

 

 

Total Surface: 160 Sq.mt.

 

-

Branch

(Shop)

since 05/11/2010

 

 

 

 

 

 

Portico

, 71

- 24050

- Orio Al Serio

(BG)

- IT -

 

 

 

 

Trading Style: ATHLETES WORLD

 

 

 

 

Total Surface: 195 Sq.mt.

 

-

Branch

(Shop)

since 28/01/2011

 

 

 

 

 

 

Tiraboschi

, 53

- 24100

- Bergamo

(BG)

- IT -

 

 

 

 

Trading Style: BATA

 

 

 

 

Total Surface: 400 Sq.mt.

 

-

Branch

(Shop)

since 02/02/2011

 

 

 

 

 

 

Del Commercio

, 3

- 24051

- Antegnate

(BG)

- IT -

 

 

 

 

Trading Style: BATA

 

 

 

 

Total Surface: 460 Sq.mt.

 

-

Branch

(Shop)

since 03/02/2011

 

 

 

 

 

 

Del Commercio

, 3

- 24051

- Antegnate

(BG)

- IT -

 

 

 

 

Trading Style: ATHLETES WORLD

 

 

 

 

Total Surface: 177 Sq.mt.

 

-

Branch

(Shop)

since 25/03/2011

 

 

 

 

 

 

Portico

, 71/012

- 24050

- Orio Al Serio

(BG)

- IT -

 

 

 

 

Trading Style: BATA

 

 

 

 

Total Surface: 500 Sq.mt.

 

-

Branch

(Shop)

since 04/11/1999

 

 

 

 

 

 

Tollegna

- 13069

- Vigliano Biellese

(BI)

- IT -

 

 

 

 

Trading Style: BATA SUPERSTORE

 

 

 

 

Total Surface: 440 Sq.mt.

 

-

Branch

(Shop)

since 07/09/2005

 

 

 

 

 

S.s. Appia

, KM. 144

- 82100

- Benevento

(BN)

- IT -

 

 

 

 

Trading Style: BATA SUPERSTORE

 

 

 

 

Total Surface: 400 Sq.mt.

 

-

Branch

(Shop)

since 01/07/1966

 

 

 

 

 

 

Indipendenza

, 42

- 40100

- Bologna

(BO)

- IT -

 

-

Branch

(Shop)

since 12/10/1994

 

 

 

 

 

 

Larga

- 40100

- Bologna

(BO)

- IT -

 

 

 

 

Trading Style: SCARPISSIMA

 

-

Branch

(Shop)

since 05/04/2001

 

 

 

 

 

 

Dei Martiri Ang. Via Dei Mille

, 18/A

- 40100

- Bologna

(BO)

- IT -

 

 

 

 

Trading Style: BATA SUPERSTORE

 

 

 

 

Total Surface: 380 Sq.mt.

 

-

Branch

(Shop)

since 24/01/2004

 

 

 

 

 

 

Indipendenza

, 16/C-D-E

- 40100

- Bologna

(BO)

- IT -

 

 

 

 

Trading Style: ATHLETES WORLD

 

 

 

 

Total Surface: 240 Sq.mt.

 

-

Branch

(Shop)

since 29/09/2003

 

 

 

 

 

S.s. 7 Appia

- 72023

- Mesagne

(BR)

- IT -

 

 

 

 

Trading Style: ATHLETES WORLD

 

 

 

 

Total Surface: 211 Sq.mt.

 

-

Branch

(Shop)

since 24/04/2007

 

 

 

 

 

S.s. Appia

- 72100

- Brindisi

(BR)

- IT -

 

 

 

 

Trading Style: BATA

 

 

 

 

Total Surface: 549 Sq.mt.

 

-

Branch

(Shop)

since 26/05/1994

 

 

 

 

 

 

Alcide De Gasperi N. 6

- 25080

- Mazzano

(BS)

- IT -

 

 

 

 

Trading Style: SCARPISSIMA

 

 

 

 

Total Surface: 395 Sq.mt.

 

-

Branch

(Shop)

since 21/03/1996

 

 

 

 

 

 

E. Mattei

, 37/39

- 25030

- Roncadelle

(BS)

- IT -

 

 

 

 

Total Surface: 650 Sq.mt.

 

-

Branch

(Shop)

since 02/11/1996

 

 

 

 

 

 

Cunettone

- 25087

- Salo'

(BS)

- IT -

 

 

 

 

Trading Style: SCARPISSIMA

 

-

Branch

(Shop)

since 16/10/2004

 

 

 

 

 

 

Moie

- 25050

- Rodengo-Saiano

(BS)

- IT -

 

 

 

 

Trading Style: BATA FACTORY STORE

 

 

 

 

Total Surface: 261 Sq.mt.

 

-

Branch

(Shop)

since 21/06/2014

 

 

 

 

 

 

Italia

, 31

- 25100

- Brescia

(BS)

- IT -

 

 

 

 

Trading Style: BATA

 

 

 

 

Total Surface: 131 Sq.mt.

 

-

Branch

(Shop)

since 18/12/1971

 

 

 

 

 

Via Portici

, 78

- 39012

- Merano

(BZ)

- IT -

 

 

 

 

Total Surface: 100 Sq.mt.

 

-

Branch

(Shop)

since 13/10/1989

 

 

 

 

 

Via Wolfgang Goethe

, 18

- 39100

- Bolzano

(BZ)

- IT -

 

 

 

 

Total Surface: 124 Sq.mt.

 

-

Branch

(Shop)

since 29/11/2007

 

 

 

 

 

Via S. Valentino

, 9A

- 39041

- Brennero

(BZ)

- IT -

 

 

 

 

Trading Style: BATA FACTORY STORE

 

 

 

 

Total Surface: 379 Sq.mt.

 

-

Branch

 

 

 

 

 

 

RAGGIUNTO IL N. MAX DI UNITA LOCALI

- VISUALIZZABILI

 

 

 

 

Employees

: 2.029

 

Fittings and Equipment for a value of 7.930.000

Eur

 

Stocks for a value of 46.420.000

Eur

 

The firm has a direct commercial organization

Sales area on a national scale.

 

 

Import comes generally from the following nations:

- Holland

 

- Germany

 

- Spain

 

- France

 

The subject firm uses the following own selling brands:

- Bata

 

- Scarpissima

 

- Bata City

 

- Bata Superstore

 

- Athletes World

 

- Dry-Shod

 

 

Historical Information and/or Firm's Status

 

EX-MEMBERS / EX-POSITIONS:

 

Bata

Monica

 

 

Born in Toronto

( )

on 29/07/1955

- Fiscal Code : BTAMNC55L69Z401H

 

 

Residence:

Avenue Du Dr. Brouardel

, 4

Parigi

- FR -

 

Ex-Postions

Director

Board Chairman

Assistant board Chairman

 

Martini

Giuseppe

 

 

Born in Venezia

(VE)

on 13/10/1943

- Fiscal Code : MRTGPP43R13L736R

 

 

Residence:

 

Del Roccolo

, 20

- 36057

Arcugnano

(VI)

- IT -

 

Ex-Postions

Managing Director

 

Di Palma Castiglione

Ruggero

 

 

Born in AVIGNONE

( )

on 16/05/1918

 

Ex-Postions

Honorary President

 

Cesari

Sergio

 

 

Born in PESARO

(PS)

on 27/05/1931

- Fiscal Code : CSRSRG31E27G479M

 

 

Residence:

YOUGE STREET NORTH YORK

, M4N2N6

ONTARIO

- CA -

 

Ex-Postions

Director

 

Borgherini

Alberto

 

 

Born in Padova

(PD)

on 07/02/1966

- Fiscal Code : BRGLRT66B07G224A

 

 

Residence:

 

Pellegrino Beato

, 143

- 35137

Padova

(PD)

- IT -

 

Ex-Postions

Temporary Auditor

 

Terrin

Maria Luisa

 

 

Born in Padova

(PD)

on 05/11/1955

- Fiscal Code : TRRMLS55S45G224M

 

 

Residence:

 

Marsala

, 37

- 35122

Padova

(PD)

- IT -

 

Ex-Postions

Temporary Auditor

 

Le Menaheze

Francois

 

on 04/04/1960

 

 

Residence:

Blvd. Saint marcel

, 23 bis

Parigi

- FR -

 

Ex-Postions

Director

 

Rizzo

Rino

 

 

Born in Este

(PD)

on 23/05/1946

- Fiscal Code : RZZRNI46E23D442Z

 

 

Residence:

Windsor Park Road

, 59

Singapore

- SG -

 

Ex-Postions

Director

Board Chairman

 

Grassi

Paolo

 

 

Born in Sabaudia

(LT)

on 25/03/1966

- Fiscal Code : GRSPLA66C25H647R

 

 

Residence:

 

Volta

, 6

- 35010

Limena

(PD)

- IT -

 

Ex-Postions

Procurator

 

Taccini

Salvatore

 

 

Born in Catania

(CT)

on 12/06/1967

- Fiscal Code : TCCSVT67H12C351X

 

 

Residence:

 

Volta

, 6

- 35010

Limena

(PD)

- IT -

 

Ex-Postions

Procurator

 

Bolis

Fabrizio

 

 

Born in Bergamo

(BG)

on 21/05/1962

- Fiscal Code : BLSFRZ62E21A794U

 

 

Residence:

 

Volta

, 6

- 35010

Limena

(PD)

- IT -

 

Ex-Postions

Procurator

 

Sweetenham

Paul David

 

 

Born in Winchester

( )

on 07/11/1964

 

 

Residence:

 

A. Volta

, 6

- 35010

Limena

(PD)

- IT -

 

Ex-Postions

Managing Director

 

Van T'hoff

Henri Carel

 

 

Born in Istanbul

( )

on 13/09/1956

 

 

Residence:

Rossinilaan

, 30

Hilversum

- NL -

 

Ex-Postions

Director

Board Chairman

 

Sweetenham

Paul David

 

 

Born in Winchester

( )

on 07/11/1964

- Fiscal Code : SWTPDV64S07Z114S

 

 

Residence:

 

Volta

, 6

- 35010

Limena

(PD)

- IT -

 

Ex-Postions

Procurator

 

Entrecanales Gonzalez

Marcos

 

 

Born in Poissy - Yvelines

( )

on 03/04/1978

- Fiscal Code : NTRMCS78D03Z110S

 

 

Residence:

 

Volta

, 6

- 35010

Limena

(PD)

- IT -

 

Ex-Postions

Procurator

 

Salmaso

Silvano

 

 

Born in Legnaro

(PD)

on 21/09/1960

- Fiscal Code : SLMSVN60P21E515D

 

 

Residence:

 

Volta

, 6

- 35010

Limena

(PD)

- IT -

 

Ex-Postions

Procurator

 

Van T'hoff

Henri Carel

 

 

Born in Istanbul

( )

on 13/09/1956

 

 

Residence:

Rossinilaan

, 30

Hilversum

- NL -

 

Ex-Postions

Director

Board Chairman

 

Soldini

Rossano

 

 

Born in Subbiano

(AR)

on 08/01/1945

- Fiscal Code : SLDRSN45A08I991O

 

 

Residence:

 

Ristoro

, 170

- 52100

Arezzo

(AR)

- IT -

 

Ex-Postions

Director

 

Orzali

Antonio

 

 

Born in Padova

(PD)

on 26/07/1941

- Fiscal Code : RZLNTN41L26G224A

 

 

Residence:

 

Modena Gustavo

, 20

- 35128

Padova

(PD)

- IT -

 

Ex-Postions

Permanent Auditor

 

Santesso

Erasmo

 

 

Born in Padova

(PD)

on 21/01/1948

- Fiscal Code : SNTRSM48A21G224S

 

 

Residence:

 

Feltre

, 21

- 32100

Belluno

(BL)

- IT -

 

Ex-Postions

Permanent Auditor

 

Terrin

Demetrio

 

 

Born in Padova

(PD)

on 15/07/1922

- Fiscal Code : TRRDTR22L15G224Q

 

 

Residence:

 

Altinate

, 38

- 35100

Padova

(PD)

- IT -

 

Ex-Postions

Chairman of the Board of Aud.

 

Sturaro

Angelo

 

 

Born in MONSELICE

(PD)

on 29/07/1946

- Fiscal Code : STRNGL46L29F382P

 

 

Residence:

 

D. ALIGHIERI

, 15

- 35010

Vigodarzere

(PD)

- IT -

 

Ex-Postions

Procurator

Manager

 

Marchetti

Sandro

 

 

Born in PADOVA

(PD)

on 23/07/1947

- Fiscal Code : MRCSDR47L23G224D

 

 

Residence:

 

CRISOLORA MANUELE

, 6

- 35100

Padova

(PD)

- IT -

 

Ex-Postions

Procurator

Manager

 

Varotto

Giovanni

 

 

Born in ESTE

(PD)

on 07/07/1954

- Fiscal Code : VRTGNN54L07D442J

 

 

Residence:

 

VOLTA A.

, 2

- 35010

Limena

(PD)

- IT -

 

Ex-Postions

Attorney General

Procurator

Manager

 

Maggiolo

Pietro

 

 

Born in TEOLO

(PD)

on 25/10/1947

- Fiscal Code : MGGPTR47R25L100G

 

 

Residence:

 

DELLE INDUSTRIE

, 41

- 35010

Limena

(PD)

- IT -

 

Ex-Postions

Procurator

Manager

 

Clemons

George Nigel John

 

 

Born in Wakefield

( )

on 10/11/1966

- Fiscal Code : CLMGGN66S10Z114I

 

 

Residence:

Route De St. Cergue

, 41

Arzier

- CH -

 

Ex-Postions

Board Chairman

Director

 

Longo

Roberto

 

 

Born in Venezia

(VE)

on 23/10/1957

- Fiscal Code : LNGRRT57R23L736D

 

 

Residence:

 

F.lli Bandiera

, 3

- 35010

Cadoneghe

(PD)

- IT -

 

Ex-Postions

General Director

Managing Director

Director

Board Chairman

 

COIN

VITTORIO

 

 

Born in DOLO

(VE)

on 12/06/1939

- Fiscal Code : CNOVTR39H12D325P

 

Ex-Postions

Director

 

Gunnarsson

Bengt Gunnar

 

 

Born in Svezia

( )

on 11/07/1943

- Fiscal Code : GNNBGT43L11Z132D

 

 

Residence:

 

A. Volta

, 6

- 35010

Limena

(PD)

- IT -

 

Ex-Postions

Director

 

Schiavon

Ivano

 

 

Born in CASALE SUL SILE

(TV)

on 22/01/1951

- Fiscal Code : SCHVNI51A22B744D

 

 

Residence:

 

A.VOLTA

, 2

- 35010

Limena

(PD)

- IT -

 

Ex-Postions

Attorney with special power

Attorney with special power

 

Carretta

Ezio

 

 

Born in Venezia

(VE)

on 09/06/1957

- Fiscal Code : CRRZEI57H09L736U

 

 

Residence:

 

Riccati

, 14

- 31100

Treviso

(TV)

- IT -

 

Ex-Postions

Attorney with special power

 

Tronchetti

Fabio

 

 

Born in Capannori

(LU)

on 08/07/1946

- Fiscal Code : TRNFBA46L08B648D

 

 

Residence:

 

Buonaparte

, 70

- 20121

Milano

(MI)

- IT -

 

Ex-Postions

Managing Director

Assistant board Chairman

Director

General Director

 

Rossi

Romolo

 

 

Born in Nibbiola

(NO)

on 03/09/1928

- Fiscal Code : RSSRML28P03F886Y

 

 

Residence:

 

delle Coste Proh

- 28072

Briona

(NO)

- IT -

 

Ex-Postions

Director

 

Rossi

Luigino

 

 

Born in Noventa Padovana

(PD)

on 22/05/1936

- Fiscal Code : RSSLGN36E22F962N

 

 

Residence:

 

S. Marco

, 3902

- 30124

Venezia

(VE)

- IT -

 

Ex-Postions

Director

 

Buso

Andrea

 

 

Born in Padova

(PD)

on 19/01/1971

- Fiscal Code : BSUNDR71A19G224E

 

 

Residence:

 

Don Andrea Santoro

, 16

- 35020

Saonara

(PD)

- IT -

 

Ex-Postions

Permanent Auditor

 

FERRARO

DIEGO

 

 

Born in BRESCIA

(BS)

on 20/05/1945

- Fiscal Code : FRRDGI45E20B157J

 

 

Residence:

 

CESARE ORLANDO

, 4

- 35041

Battaglia Terme

(PD)

- IT -

 

Ex-Postions

Procurator

 

PINTON

CORRADO

 

 

Born in CADONEGHE

(PD)

on 14/08/1947

- Fiscal Code : PNTCRD47M14B345I

 

 

Residence:

 

MACCHIAVELLI

, 7

- 35010

Cadoneghe

(PD)

- IT -

 

Ex-Postions

Procurator

 

BURKHALTER

MARTIN

 

 

Born in LANGNAU IM EMMENTAL BE

( )

on 30/03/1952

- Fiscal Code : BRKMTN52C30Z133N

 

 

Residence:

 

A. VOLTA

, 2

- 35010

Limena

(PD)

- IT -

 

Ex-Postions

Director



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 1931

The economic-financial analysis is based on the latest 3 b/s.

Unstable economic results mark the company's financial state of affairs. with a loss in the last financial year.

A loss is registered as to the operating result (-5,94%).

The amount of the operating loss for 2013 is equal to Eur. -8.801.498.

The economic management produced a gross operating margin of Eur. 1.804.608 with a -66,09% fall.

The financial status of the company is fairly balanced with an indebtedness level of 2,13 even though on the increase if compared to 2012.

The equity capital is equal to Eur. 34.030.568 showing a -22,57% drop.

During the last financial year debts totalled Eur. 100.131.810 (Eur. 5.555.556 of which were m/l term debts) , with no sensible variation.

The company does not exceed in bank borrowings; the recourse to suppliers' credit is also limited which is also lower than the sector average.

The liquidity level is positive (1,11).

Trade credits average terms are 23,96 days. , on the same levels as the sector's average.

The financial management generated a negative cash flow (Eur. -4.623.466).

Labour cost expenses amount to Eur. 63.532.320 , representing 17,63% on the total of production costs. , whereas the incidence on sales revenues is of 18,75%.

Financial charges have a limited incidence (-0,32%) on sales volume.

Financial Data

 

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

338.820.354

Profit (Loss) for the period

-14.919.692

 

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

342.560.990

Profit (Loss) for the period

-3.437.765

 

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

353.761.418

Profit (Loss) for the period

2.275.652

 

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

367.851.585

Profit (Loss) for the period

1.423.251

 

 

Complete balance-sheet for the year

al 31/12/2009

(in Eur

x 1)

 

Item Type

Value

Sales

355.120.049

Profit (Loss) for the period

843.593

 

 

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

1.186.851

723.172

613.441

. . Concessions,licenses,trademarks,etc.

 

 

 

. . Goodwill

677.911

899.911

1.186.911

. . Assets in formation and advance paymen.

13.265

262.691

403.959

. . Other intangible fixed assets

17.667.889

20.016.955

19.435.394

. Total Intangible Fixed Assets

19.545.916

21.902.729

21.639.705

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

5.415.312

5.605.083

5.815.125

. . Plant and machinery

 

 

 

. . Industrial and commercial equipment

7.930.391

8.713.277

8.457.532

. . Other assets

1.908.395

1.798.867

1.951.931

. . Assets under construction and advances

 

 

 

. Total Tangible fixed assets

15.254.098

16.117.227

16.224.588

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

47.842

47.274

46.918

. . . Equity invest. in subsidiary companies

 

 

 

. . . Equity invest. in associated companies

26.701

26.701

26.701

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

21.141

20.573

20.217

. . Financial receivables

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . 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

47.842

47.274

46.918

Total fixed assets

34.847.856

38.067.230

37.911.211

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

293.729

35.151

93.628

. . Work in progress and semimanufactured

 

 

 

. . Work in progress on order

 

 

 

. . Finished goods

46.129.997

49.791.973

46.272.230

. . Advance payments

 

 

213.003

. Total Inventories

46.423.726

49.827.124

46.578.861

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

27.442.050

35.036.564

38.989.402

. . Beyond 12 months

9.262.645

7.808.836

4.072.671

. . Trade receivables

22.553.733

27.466.835

33.230.943

. . . . Within 12 months

22.048.769

27.254.661

32.793.365

. . . . Beyond 12 months

504.964

212.174

437.578

. . Receivables due from subsid. comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from assoc. comp.

536.713

480.949

404.875

. . . . Within 12 months

536.713

480.949

404.875

. . . . Beyond 12 months

 

 

 

. . Receivables due from holding comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Fiscal Receivables

4.849.224

6.880.520

3.392.207

. . . . Within 12 months

1.893.473

4.033.226

2.509.418

. . . . Beyond 12 months

2.955.751

2.847.294

882.789

. . Receivables for anticipated taxes

4.800.000

4.447.883

2.539.401

. . . . Within 12 months

 

594.802

641.204

. . . . Beyond 12 months

4.800.000

3.853.081

1.898.197

. . Receivables due from third parties

3.965.025

3.569.213

3.494.647

. . . . Within 12 months

2.963.095

2.672.926

2.640.540

. . . . Beyond 12 months

1.001.930

896.287

854.107

. Total Credits not held as fixed assets

36.704.695

42.845.400

43.062.073

. 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

22.077.873

5.955.187

12.248.040

. . Checks

 

 

 

. . Banknotes and coins

48.726

31.773

20.268

. Total Liquid funds

22.126.599

5.986.960

12.268.308

Total current assets

105.255.020

98.659.484

101.909.242

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

 

 

 

. Other adjustment accounts

7.995.510

10.227.632

10.907.926

Total adjustments accounts

7.995.510

10.227.632

10.907.926

TOTAL ASSETS

148.098.386

146.954.346

150.728.379

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

25.000.000

25.000.000

25.000.000

. Additional paid-in capital

 

 

 

. Revaluation reserves

 

 

 

. Legal reserve

3.361.337

3.361.337

3.247.554

. Reserve for Own shares

 

 

 

. Statute reserves

 

 

 

. Other reserves

20.588.923

19.026.688

16.864.822

. Accumulated Profits (Losses)

 

 

 

. Profit( loss) of the year

-14.919.692

-3.437.765

2.275.652

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

34.030.568

43.950.260

47.388.028

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

1.589.460

 

 

. . Taxation fund, also differed

 

701.433

614.000

. . Other funds

3.213.000

522.120

477.000

Total Reserves for Risks and Charges

4.802.460

1.223.553

1.091.000

Employee termination indemnities

9.048.492

9.294.969

9.342.460

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

94.576.254

84.605.832

92.722.819

. . . . Beyond 12 months

5.555.556

7.777.778

 

. . 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

20.830.261

17.620.453

19.776.447

. . . . Within 12 months

15.274.705

9.842.675

19.776.447

. . . . Beyond 12 months

5.555.556

7.777.778

 

. . Due to other providers of finance

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Advances from customers

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Trade payables

58.137.021

55.258.850

53.351.955

. . . . Within 12 months

58.137.021

55.258.850

53.351.955

. . . . 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

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to holding companies

800.000

800.000

800.000

. . . . Within 12 months

800.000

800.000

800.000

. . . . Beyond 12 months

 

 

 

. . Due to the tax authorities

10.065.948

8.337.764

6.428.106

. . . . Within 12 months

10.065.948

8.337.764

6.428.106

. . . . Beyond 12 months

 

 

 

. . Due to social security and welfare inst.

3.122.150

3.267.589

3.285.527

. . . . Within 12 months

3.122.150

3.267.589

3.285.527

. . . . Beyond 12 months

 

 

 

. . Other payables

7.176.430

7.098.954

9.080.784

. . . . Within 12 months

7.176.430

7.098.954

9.080.784

. . . . Beyond 12 months

 

 

 

Total accounts payable

100.131.810

92.383.610

92.722.819

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

85.056

101.954

184.072

Total adjustment accounts

85.056

101.954

184.072

TOTAL LIABILITIES

148.098.386

146.954.346

150.728.379

 

 

 

 

 

 

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

338.820.354

342.560.990

353.761.418

. Changes in work in progress

 

 

 

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

 

 

 

. Other income and revenues

12.695.134

12.475.942

13.813.779

. . Contributions for operating expenses

161.072

41.193

49.689

. . Different income and revenues

12.534.062

12.434.749

13.764.090

Total value of production

351.515.488

355.036.932

367.575.197

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

191.982.713

201.155.092

207.752.909

. Services received

27.980.933

28.326.999

27.932.443

. Leases and rentals

53.498.291

51.681.194

49.892.976

. Payroll and related costs

63.532.320

63.630.962

59.661.402

. . Wages and salaries

45.627.806

44.857.979

42.945.116

. . Social security contributions

14.146.063

13.876.255

13.298.585

. . Employee termination indemnities

3.715.376

4.782.981

3.378.428

. . Pension and similar

 

 

 

. . Other costs

43.075

113.747

39.273

. Amortization and depreciation

10.296.226

11.230.578

10.709.960

. . Amortization of intangible fixed assets

5.546.768

5.950.101

5.702.309

. . Amortization of tangible fixed assets

3.488.458

4.000.008

4.042.651

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

1.261.000

1.280.469

965.000

. Changes in raw materials

3.403.398

-3.461.267

-4.409.187

. Provisions to risk reserves

309.880

75.000

 

. Other provisions

 

 

 

. Other operating costs

9.313.225

8.381.744

9.240.887

Total production costs

360.316.986

361.020.302

360.781.390

Diff. between value and cost of product.

-8.801.498

-5.983.370

6.793.807

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

5.145

 

5.145

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

43.321

212.940

165.582

. . 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

-1.139.095

-681.801

-760.911

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

 

 

 

Total financial income and expense

-1.090.629

-468.861

-590.184

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

249.133

2.709.736

686.156

. . Gains on disposals

 

227.369

 

. . Other extraordinary income

249.133

2.482.367

686.156

. Extraordinary expense

-4.407.238

-189.182

-516.809

. . Losses on disposals

 

 

 

. . Taxes relating to prior years

-899.000

-55.000

-149.000

. . Other extraordinary expense

-3.508.238

-134.182

-367.809

Total extraordinary income and expense

-4.158.105

2.520.554

169.347

Results before income taxes

-14.050.232

-3.931.677

6.372.970

. Taxes on current income

869.460

-493.912

4.097.318

. . current taxes

1.232.549

1.382.137

4.075.000

. . differed taxes(anticip.)

-363.089

-1.876.049

22.318

. Net income for the period

-14.919.692

-3.437.765

2.275.652

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

-14.919.692

-3.437.765

2.275.652

 

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

0,24

0,26

0,25

0,13

Elasticity Ratio

Units

0,71

0,67

0,68

0,85

Availability of stock

Units

0,31

0,34

0,31

0,54

Total Liquidity Ratio

Units

0,40

0,33

0,37

0,22

Quick Ratio

Units

0,15

0,04

0,08

0,04

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

2,13

1,79

1,70

4,36

Self Financing Ratio

Units

0,23

0,30

0,31

0,14

Capital protection Ratio

Units

0,70

0,51

0,42

0,56

Liabilities consolidation quotient

Units

0,15

0,20

0,10

0,15

Financing

Units

2,94

2,10

1,96

5,86

Permanent Indebtedness Ratio

Units

0,33

0,42

0,38

0,31

M/L term Debts Ratio

Units

0,10

0,12

0,06

0,10

Net Financial Indebtedness Ratio

Units

0,00

0,26

0,16

0,98

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

1,40

1,60

1,50

2,02

Current ratio

Units

1,11

1,17

1,10

1,15

Acid Test Ratio-Liquidity Ratio

Units

0,62

0,58

0,60

0,36

Structure's primary quotient

Units

0,98

1,15

1,25

1,06

Treasury's primary quotient

Units

0,23

0,07

0,13

0,07

Rate of indebtedness ( Leverage )

%

435,19

334,37

318,07

707,22

Current Capital ( net )

Value

10.678.766

14.053.652

9.186.423

61.776

RETURN

 

 

 

 

 

Return on Sales

%

-1,36

2,27

3,67

2,62

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

%

-43,84

-7,82

4,80

6,19

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

%

-41,29

-8,95

13,45

15,72

Return on Investment ( R.O.I. )

%

-5,94

-4,07

4,51

3,25

Return/ Sales

%

-2,60

-1,75

1,92

2,94

Extra Management revenues/charges incid.

%

n.c.

n.c.

33,50

31,16

Cash Flow

Value

-4.623.466

7.792.813

12.985.612

20.178

Operating Profit

Value

-8.801.498

-5.983.370

6.793.807

23.558

Gross Operating Margin

Value

1.804.608

5.322.208

17.503.767

40.605

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

23,96

28,87

33,82

26,46

Debts to suppliers average term

Days

77,59

71,78

68,26

152,76

Average stock waiting period

Days

49,33

52,36

47,40

158,60

Rate of capital employed return ( Turnover )

Units

2,29

2,33

2,35

1,10

Rate of stock return

Units

7,30

6,87

7,59

2,21

Labour cost incidence

%

18,75

18,58

16,86

10,29

Net financial revenues/ charges incidence

%

-0,32

-0,14

-0,17

-1,31

Labour cost on purchasing expenses

%

17,63

17,63

16,54

10,25

Short-term financing charges

%

1,14

0,74

0,82

2,10

Capital on hand

%

43,71

42,90

42,61

90,76

Sales pro employee

Value

170.862

175.402

188.471

267.102

Labour cost pro employee

Value

32.038

32.581

31.785

30.754

 

Market / Territory Data

 

Population living in the province

:

882.779

Population living in the region

:

4.699.950

Number of families in the region

:

1.813.210

 

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

 

- per food products

:

456

- per non food products

:

2.052

- per energy consume

:

127



Sector Data

 

The values are calculated on a base of 2.211 significant companies.

The companies cash their credits on an average of 26 dd.

The average duration of suppliers debts is about 153 dd.

The sector's profitability is on an average of 2,62%.

The labour cost affects the turnover in the measure of 10,29%.

Goods are held in stock in a range of 159 dd.

The difference between the sales volume and the resources used to realize it is about 1,10.

The employees costs represent the 10,25% of the production costs.



Statistical Detrimental Data

 

Statistically the trade activity passes through serious crises.

The area is statistically considered moderately risky.

In the region 13.782 protested subjects are found; in the province they count to 2.646.

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

Total Bankrupt companies in the province : 3.821.

Total Bankrupt companies in the region : 16.714.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.58

UK Pound

1

Rs.99.98

Euro

1

Rs.79.39

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

MNL

 

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.