MIRA
INFORM REPORT
|
Report Date : |
23.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
TEREX OPERATIONS |
|
|
|
|
Registered Office : |
Via Cisa Ligure, 51/A Lentigione, 42041 –
Brescello (Re) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
23.12.2002 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of lifting and handling
equipment |
|
|
|
|
No of Employees : |
222 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
ITALY ECONOMIC OVERVIEW
Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is higher. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, topping 133% of GDP in 2013, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2013 economic growth and labor market conditions deteriorated, with growth at -1.8% and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007 pre-crisis level
|
Source
: CIA |
Company name & address
Terex Operations Italy Srl
Via Cisa Ligure, 51/A
LENTIGIONE
42041 - Brescello (RE) -IT-
Summary
|
Fiscal Code |
: |
02028090351 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
30/12/2002 |
|
Equity |
: |
Unknown. |
|
Turnover Range |
: |
75.000.000/100.000.000 |
|
Number of Employees |
: |
222 |
Activity
Manufacturer of lifting and handling
equipment
Legal Data
Legal Form : Sole-Member Limited Liability
Company
|
Fiscal Code : 02028090351 |
|
Foreign Trade Reg. no. : RE025663 since
10/01/2003 |
|
Foreign Trade Reg. no. : 025663 of Reggio Emilia
since 10/01/2003 |
|
Chamber of Commerce no. : 439941 of Genova |
|
Chamber of Commerce no. : 67475 of Gorizia |
|
Chamber of Commerce no. : 285737 of
Perugia |
|
Chamber of Commerce no. : 245035 of Reggio
Emilia since 27/12/2002 |
|
Firms' Register : RE-2002-45629 of Reggio
Emilia since 30/12/2002 |
|
V.A.T. Code : 02028090351 |
|
Establishment date |
: 23/12/2002 |
|
|
Start of Activities |
: 30/12/2002 |
|
|
Legal duration |
: 30/12/2100 |
|
|
Nominal Capital |
: 2.100.000 |
|
|
Subscribed Capital |
: 2.100.000 |
|
|
Paid up Capital |
: 2.100.000 |
|
Members
|
|
Terex Italia
S.r.l. |
|
|
|
|
|
|
Residence: |
|
Cassoletta |
, 76 |
- 40056 |
Crespellano |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Rossi |
Paolo |
|
|
|
Born in Reggio Emilia |
(RE) |
on 04/11/1952 |
- Fiscal Code : RSSPLA52S04H223K |
|
|
|
Residence: |
|
G. Rossa |
, 6 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Technical Manager |
24/01/2003 |
|
|
|
Responsible technician |
10/02/2003 |
|
|
|
|
Corti |
Gino |
|
|
|
Born in Lecco |
(CO) |
on 22/09/1946 |
- Fiscal Code : CRTGNI46P22E507Z |
|
|
|
Residence: |
|
Martiri Della Liberta' |
, 102 |
- 23900 |
Lecco |
(LC) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
25/11/2008 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Berardinelli |
Rossana Maria
Antonia |
|
|
|
Born in Napoli |
(NA) |
on 03/06/1960 |
- Fiscal Code : BRRRSN60H43F839C |
|
|
|
Residence: |
|
Partigiani D Italia |
, 6 |
- 43123 |
Parma |
(PR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
22/09/2011 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Gentilini |
Marco |
|
|
|
Born in Imola |
(BO) |
on 26/01/1959 |
- Fiscal Code : GNTMRC59A26E289M |
|
|
|
Residence: |
|
Zoagli |
, 14 |
- 41125 |
Modena |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
22/09/2011 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Fiorani |
Cristina |
|
|
|
Born in Castelfranco Emilia |
(MO) |
on 13/02/1970 |
- Fiscal Code : FRNCST70B53C107B |
|
|
|
Residence: |
|
Emilia Est |
, 36 |
- 41013 |
Castelfranco Emilia |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
23/12/2013 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Ferrandino |
Stefano |
|
|
|
Born in Milano |
(MI) |
on 24/07/1964 |
- Fiscal Code : FRRSFN64L24F205J |
|
|
|
Residence: |
|
Garibaldi |
, 56 |
- 42016 |
Guastalla |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
25/11/2008 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Avegno |
Luca |
|
|
|
Born in Genova |
(GE) |
on 27/08/1969 |
- Fiscal Code : VGNLCU69M27D969C |
|
|
|
Residence: |
|
Cordanieri |
, 1/A |
- 16100 |
Genova |
(GE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
22/09/2011 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Altieri |
Maurizio |
|
|
|
Born in Ravenna |
(RA) |
on 28/02/1959 |
- Fiscal Code : LTRMRZ59B28H199A |
|
|
|
Residence: |
|
Monreale |
, 1 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
10/12/2007 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Scardua |
Roberto |
|
|
|
Born in Sermide |
(MN) |
on 22/07/1952 |
- Fiscal Code : SCRRRT52L22I632T |
|
|
|
Residence: |
|
P. Nenni |
, 6 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
10/12/2007 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Ottolina |
Vittorio
Annibale |
|
|
|
Born in Macherio |
(MB) |
on 24/09/1951 |
- Fiscal Code : TTLVTR51P24E786F |
|
|
|
Residence: |
|
Marsala |
, 52 |
- 20050 |
Lesmo |
(MB) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
25/11/2008 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Battigaglia |
Giulio |
|
|
|
Born in Cutro |
(CZ) |
on 16/11/1957 |
- Fiscal Code : BTTGLI57S16D236V |
|
|
|
Residence: |
|
M. Del Rio |
, 6 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Technical Manager |
24/01/2003 |
|
|
|
Attorney with special power |
10/12/2007 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Hoffmann |
Klaus Peter |
|
|
|
Born in Hagen |
( ) |
on 29/04/1962 |
- Fiscal Code : HFFKSP62D29Z112U |
|
|
|
Residence: |
Thuringerweg |
, 20 |
Schwerte |
- DE - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
17/06/2014 |
|
|
|
Board Chairman |
17/06/2014 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Luini |
Guido Maria |
|
|
|
Born in Milano |
(MI) |
on 09/11/1951 |
- Fiscal Code : LNUGMR51S09F205O |
|
|
|
Residence: |
|
Cisa Ligure |
, 51/A |
- 42041 |
Brescello |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
18/03/2014 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Fearon |
Matthew Sean |
|
|
|
Born in Ohio |
( ) |
on 29/07/1961 |
- Fiscal Code : FRNMTH61L29Z404N |
|
|
|
Residence: |
226th Avenue |
, 2609 |
Sammamish |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
17/06/2014 |
|
|
|
|
Forini |
Carlo |
|
|
|
Born in Perugia |
(PG) |
on 22/12/1968 |
- Fiscal Code : FRNCRL68T22G478A |
|
|
|
Residence: |
|
Del Parmigianino |
, 4 |
- 43121 |
Parma |
(PR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
22/09/2011 |
|
|
|
|
No Prejudicial events
are reported |
|
|
No Protests
registered |
|
|
Rosso |
Pier Mario
Giuseppe |
|
|
|
Born in Asti |
(AT) |
on 06/09/1958 |
- Fiscal Code : RSSPMR58P06A479I |
|
|
|
Residence: |
|
Cisa Ligure |
, 51/A |
- 42041 |
Brescello |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
18/03/2014 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Bradley |
Kevin Patrick |
|
|
|
Born in New Jersey |
( ) |
on 22/06/1962 |
- Fiscal Code : BRDKNP62H22Z404X |
|
|
|
Residence: |
Hyctory Lane |
, 32 |
Fairfield |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
17/06/2014 |
|
|
|
|
Cohen |
Eric I |
|
|
|
Born in New York |
( ) |
on 19/10/1958 |
- Fiscal Code : CHNRCE58R19Z404W |
|
|
|
Residence: |
Burham Hill Road |
, 32 |
Wesport Ct |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
17/06/2014 |
|
|
|
|
Zavagno |
Mara |
|
|
|
Born in Spilimbergo |
(PN) |
on 14/11/1973 |
- Fiscal Code : ZVGMRA73S54I904H |
|
|
|
Residence: |
|
Livenza |
, 1/B |
- 33097 |
Spilimbergo |
(PN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
03/09/2013 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Mocci |
Riccardo |
|
|
|
Born in Cagliari |
(CA) |
on 29/12/1975 |
- Fiscal Code : MCCRCR75T29B354P |
|
|
|
Residence: |
|
Michelangelo |
, 31 |
- 41051 |
Castelnuovo Rangone |
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
23/12/2013 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Workman |
Christopher John |
|
|
|
Born in St. Louis |
( ) |
on 17/10/1963 |
- Fiscal Code : WRKCRS63R17Z404A |
|
|
|
Residence: |
|
Cisa Ligure |
, 51/A |
- 42041 |
Brescello |
(RE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
18/03/2014 |
|
|
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Carducci |
Fabrizio |
|
|
|
Born in Perugia |
(PG) |
on 17/06/1971 |
- Fiscal Code : CRDFRZ71H17G478F |
|
|
|
Residence: |
|
Del Vecchio Padiglione |
, 5 |
- 06131 |
Perugia |
(PG) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
01/05/2014 |
|
|
|
|
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.
|
|
Terex Italia
S.r.l. |
|
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Terexlift s.r.l. |
Umbertide (PG) - IT - |
00249210543 |
Sole partner |
Active |
Registered |
|
|
Hoffmann |
Klaus Peter |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Donati Sollevamenti S.r.l. |
Daverio (VA) - IT - |
00195340120 |
Board Chairman |
Withdrawn |
Registered |
|
Demag Cranes E Components S.p.a. |
Agrate Brianza (MB) - IT - |
00768160152 |
Director |
Withdrawn |
Registered |
|
Ansaldoreggiane S.r.l. In Liquidazione |
Brescello (RE) - IT - |
01157950096 |
Liquidator |
Active |
Registered |
The indication "REGISTERED" as Firm
Status could refer to Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we
advise to request further investigations.
Capital Shareholders
Shareholders' list as at date of data
collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Terex Italia S.r.l. |
Crespellano - IT - |
10388810151 |
|
100,00 |
Direct Participations
The Company under review has participations
in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Ansaldoreggiane S.r.l. In Liquidazione |
Brescello - IT - |
01157950096 |
10.000 .Eur |
100,00 |
|
|
Active |
|
Consorzio Per La Ricerca E Lo Sviluppo D i
Tecnologie Per Il Trasporto Innovativo |
Rotondella - IT - |
00673630778 |
|
|
|
|
Active |
Firm's location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
|
|
|
|
|
|
|
Cisa Ligure |
, 51/A |
- 42041 |
- Brescello |
(RE) |
- IT - |
|
- |
Branch |
(Factory) |
since 31/12/2002 |
|
|
|
|
|
|
Cisa Ligure |
, 51/A |
- 42041 |
- Brescello |
(RE) |
- IT - |
|
- |
Branch |
(office) |
since 01/10/2008 |
|
|
|
|
|
|
Ferdinando Maria Perrone |
, 29-31 |
- 16100 |
- Genova |
(GE) |
- IT - |
|
- |
Branch |
(office) |
since 01/05/2014 |
|
|
|
|
|
|
Buzzacchero |
, SNC |
- 06019 |
- Umbertide |
(PG) |
- IT - |
|
|
|
|
Employees |
: 222 |
|
Fittings and Equipment for a value of
350.000 |
Eur |
|
Stocks for a value of 35.210.000 |
Eur |
|
|
Historical Information and/or Firm's Status
EX-MEMBERS /
EX-POSITIONS:
|
|
Masoni |
Fausto |
|
|
|
Born in Reggio Emilia |
(RE) |
on 20/05/1951 |
- Fiscal Code : MSNFST51E20H223J |
|
|
|
Residence: |
|
Zini |
, 11 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Avegno |
Luca |
|
|
|
Born in Genova |
(GE) |
on 27/08/1969 |
- Fiscal Code : VGNLCU69M27D969C |
|
|
|
Residence: |
|
Cordanieri |
, 1/A |
- 16100 |
Genova |
(GE) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Damiani |
Riccardo |
|
|
|
Born in Bologna |
(BO) |
on 07/01/1959 |
- Fiscal Code : DMNRCR59A07A945A |
|
|
|
Residence: |
|
Prati Di Soletto |
, 244 |
- 40050 |
Castello di Serravalle |
(BO) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Ongarini |
Claudio |
|
|
|
Born in Reggiolo |
(RE) |
on 25/04/1953 |
- Fiscal Code : NGRCLD53D25H225E |
|
|
|
Residence: |
|
Cherubini |
, 6 |
- 42046 |
Reggiolo |
(RE) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Luini |
Guido Maria |
|
|
|
Born in Milano |
(MI) |
on 09/11/1951 |
- Fiscal Code : LNUGMR51S09F205O |
|
|
|
Residence: |
|
Cisa Ligure |
, 51/A |
- 42041 |
Brescello |
(RE) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Regnani |
Rita |
|
|
|
Born in Reggio Emilia |
(RE) |
on 30/11/1954 |
- Fiscal Code : RGNRTI54S70H223B |
|
|
|
Residence: |
|
A. Mazzoli |
, 11 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Corsi |
Mario |
|
|
|
Born in Trieste |
(TS) |
on 18/07/1954 |
- Fiscal Code : CRSMRA54L18L424W |
|
|
|
Residence: |
|
Vittor Pisani |
, 16 |
- 20124 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Conti |
Renato |
|
|
|
Born in Montecatini-Terme |
(PT) |
on 01/06/1943 |
- Fiscal Code : CNTRNT43H01A561G |
|
|
|
Residence: |
|
G. Fasce |
, 1-9 |
- 16100 |
Genova |
(GE) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Fantuzzi |
Luciano |
|
|
|
Born in Gattatico |
(RE) |
on 30/12/1935 |
- Fiscal Code : FNTLCN35T30D934F |
|
|
|
Residence: |
|
Nizzoli |
, 19 |
- 42041 |
Brescello |
(RE) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Director |
|
|
MAUCCI |
MARCO |
|
|
|
Born in MILANO |
(MI) |
on 08/10/1956 |
- Fiscal Code : MCCMRC56R08F205M |
|
|
|
Residence: |
|
FRASSINI |
, 43 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Technical Manager |
|
|
Lamberti |
Danilo |
|
|
|
Born in Reggio Emilia |
(RE) |
on 12/09/1976 |
- Fiscal Code : LMBDNL76P12H223Z |
|
|
|
Residence: |
|
Caselette |
, 31 |
- 42019 |
Scandiano |
(RE) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Mercati |
Stefano |
|
|
|
Born in Sassuolo |
(MO) |
on 07/05/1968 |
- Fiscal Code : MRCSFN68E07I462F |
|
|
|
Residence: |
|
Margherita |
, 261 |
- 41028 |
Serramazzoni |
(MO) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Giacomini |
Lino |
|
|
|
Born in Vezzano sul Crostolo |
(RE) |
on 21/02/1950 |
- Fiscal Code : GCMLNI50B21L820S |
|
|
|
Residence: |
|
A.grandi |
, 5/6 |
- 42020 |
Albinea |
(RE) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Liboni |
Luigi |
|
|
|
Born in Ferrara |
(FE) |
on 04/10/1949 |
- Fiscal Code : LBNLGU49R04D548P |
|
|
|
Residence: |
|
A. Volta |
, 54 |
- 44012 |
Bondeno |
(FE) |
- IT - |
|
Ex-Postions |
|
Responsible technician |
|
|
Savazzi |
Aldo |
|
|
|
Born in Suzzara |
(MN) |
on 08/12/1938 |
- Fiscal Code : SVZLDA38T08L020H |
|
|
|
Residence: |
|
Curtatone Montanara |
, 96 |
- 46029 |
Suzzara |
(MN) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Lugli |
Paolo |
|
|
|
Born in Bergamo |
(BG) |
on 18/12/1965 |
- Fiscal Code : LGLPLA65T18A794S |
|
|
|
Residence: |
|
E. Fermi |
, 5 |
- 40033 |
Casalecchio di Reno |
(BO) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Petilli |
Francesco |
|
|
|
Born in ROMA |
(RM) |
on 08/03/1950 |
- Fiscal Code : PTLFNC50C08H501G |
|
|
|
Residence: |
|
BELLARIA |
, 4 |
- 42100 |
Reggio Emilia |
(RE) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm
absorved |
|
|
|
|
|
|
|
|
Timavo |
, 69 |
, 34074 |
, Monfalcone |
(GO) |
- IT - |
|
|
|
Fiscal Code: 01029500319 |
|
|
|
Date |
: |
03/05/2004 |
|
|
Project of
merging by taking over of |
|
|
|
|
|
|
|
|
Timavo |
, 69 |
, 34074 |
, Monfalcone |
(GO) |
- IT - |
|
|
|
Fiscal Code: 01029500319 |
|
|
|
Date |
Merging/splitting-up project: |
27/01/2004 |
|
|
The firm
absorbed by merging of |
|
|
|
|
|
|
|
|
Timavo |
, 69 |
, 34074 |
, Monfalcone |
(GO) |
- IT - |
|
|
|
Fiscal Code: 01029500319 |
|
|
|
Date |
: |
03/05/2004 |
Protests
Protests checking on the subject firm has
given a negative result.
Data Base Prejudicial Events
Search
Search performed on a National Scale
|
|
|
Prejudicial
Events Search Result: NEGATIVE |
Search performed on a specialized data base.
Legal Procedures
None reported, standing to the latest
received edition of the Official Publications.
Financial and Economical Analysis
Company's starting of activities dates back
to 2002.
Balance sheets for the years 2010, 2011 and
2012 were analyzed.
During the last years, the subject company
registered net losses. Losses are due to turnover decrease registered over the
last years.
The return on investment in the last
financial year was negative (-9,39%).
The operating result is negative (Eur.
-14.672.624).
At the end of the latest financial year, a
negative gross operating margin of Eur. -11.176.949 was registered.
Short term indebtedness as opposed to the
net worth is fairly high as the gearing ratio shows
The amount of equity capital is lower than
the economic results; the shareholders funds are equal to Eur. -10.166.349.
In the year 2012 total debts amounted to
Eur. 139.685.619 , with no sensible variation.
The recourse to suppliers' credit is
substantial with long payments average period and higher than the sector.
Liquidity is however good.
On average trade credits are collected in
65,82 days. , lower than the sector's average.
(Eur. -14.392.305) is the negative value of
the cash flow.
Labour cost amounts to Eur. 15.371.283, with
a 15,39% incidence on production costs. , with a 19,75% incidence on turnover.
Financial charges have a high incidence
(-3,2%) on turnover figures.
Financial Data
|
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
77.834.366 |
|
Profit (Loss) for the period |
-15.891.175 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
118.646.214 |
|
Profit (Loss) for the period |
-52.898.282 |
|
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
122.807.891 |
|
Profit (Loss) for the period |
-48.562.278 |
Balance Sheets
From our constant monitoring of the relevant
Public Administration offices, no more recent balance sheets result to have
been filed.
|
- Balance Sheet as
at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value
Type |
as at 31/12/2012 |
as at 31/12/2011 |
as at 31/12/2010 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,16 |
0,25 |
0,30 |
0,18 |
|
Elasticity Ratio |
Units |
0,84 |
0,71 |
0,70 |
0,79 |
|
Availability of stock |
Units |
0,23 |
0,17 |
0,24 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,61 |
0,54 |
0,46 |
0,52 |
|
Quick Ratio |
Units |
0,03 |
0,03 |
0,03 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
n.c. |
n.c. |
n.c. |
3,01 |
|
Self Financing Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,19 |
|
Capital protection Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,34 |
1,01 |
1,13 |
0,16 |
|
Financing |
Units |
n.c. |
n.c. |
n.c. |
3,56 |
|
Permanent Indebtedness Ratio |
Units |
0,16 |
0,31 |
0,41 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,23 |
0,50 |
0,51 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
n.c. |
n.c. |
0,69 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,01 |
1,24 |
1,38 |
1,65 |
|
Current ratio |
Units |
1,22 |
1,44 |
1,56 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,89 |
1,09 |
1,03 |
0,86 |
|
Structure's primary quotient |
Units |
n.c. |
n.c. |
n.c. |
1,02 |
|
Treasury's primary quotient |
Units |
0,04 |
0,06 |
0,07 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
n.c. |
n.c. |
n.c. |
509,92 |
|
Current Capital ( net ) |
Value |
23.501.644 |
33.021.298 |
45.858.723 |
330.495 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
-18,49 |
-29,35 |
-27,29 |
3,79 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
n.c. |
n.c. |
n.c. |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
n.c. |
n.c. |
n.c. |
18,82 |
|
Return on Investment ( R.O.I. ) |
% |
-9,39 |
-26,48 |
-20,40 |
4,89 |
|
Return/ Sales |
% |
-18,85 |
-34,19 |
-30,07 |
4,78 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
n.c. |
29,96 |
|
Cash Flow |
Value |
-14.392.305 |
-34.819.987 |
-33.511.695 |
165.166 |
|
Operating Profit |
Value |
-14.672.624 |
-40.561.926 |
-36.925.241 |
225.594 |
|
Gross Operating Margin |
Value |
-11.176.949 |
-21.329.632 |
-13.014.665 |
376.080 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
65,82 |
80,95 |
64,13 |
111,07 |
|
Debts to suppliers average term |
Days |
260,24 |
247,43 |
310,67 |
127,44 |
|
Average stock waiting period |
Days |
162,86 |
79,59 |
126,88 |
62,88 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,50 |
0,77 |
0,68 |
1,10 |
|
Rate of stock return |
Units |
2,21 |
4,52 |
2,84 |
5,58 |
|
Labour cost incidence |
% |
19,75 |
17,79 |
19,99 |
18,94 |
|
Net financial revenues/ charges incidence |
% |
-3,20 |
-2,71 |
-2,93 |
-1,15 |
|
Labour cost on purchasing expenses |
% |
15,39 |
14,21 |
17,39 |
18,99 |
|
Short-term financing charges |
% |
1,92 |
2,31 |
2,17 |
2,55 |
|
Capital on hand |
% |
200,82 |
129,11 |
147,39 |
90,89 |
|
Sales pro employee |
Value |
162.154 |
180.039 |
160.114 |
199.007 |
|
Labour cost pro employee |
Value |
32.023 |
32.031 |
32.004 |
34.820 |
Market / Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
487.003Monthly
family expenses average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector Data
The values are calculated on a base of 1.964
significant companies.
The companies cash their credits on an
average of 111 dd.
The average duration of suppliers debts is
about 127 dd.
The sector's profitability is on an average of
3,79%.
The labour cost affects the turnover in the
measure of 18,94%.
Goods are held in stock in a range of 63 dd.
The difference between the sales volume and
the resources used to realize it is about 1,10.
The employees costs represent the 18,99% of
the production costs.
Statistical Detrimental Data
Statistically the trade activity shows
periods of crisis.
The area is statistically considered lowly
risky.
In the region 18.860 protested subjects are
found; in the province they count to 1.775.
The insolvency index for the region is 0,46,
, while for the province it is 0,38.
Total Bankrupt companies in the province :
1.365.
Total Bankrupt companies in the region :
14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.23 |
|
UK Pound |
1 |
Rs.102.86 |
|
Euro |
1 |
Rs.81.44 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.