MIRA INFORM REPORT

 

 

Report Date :

21.06.2014

 

 

IDENTIFICATION DETAILS

 

Name :

SABAF S.P.A.

 

 

Registered Office :

Via Dei Carpini, 1,

25035 – Ospitaletto (BS)           

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

04.10.1993

 

 

Com. Reg. No.:

IT – 35029

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

·         Engaged in the designing, production & marketing of Taps, thermostats, Burners & Components for Gas Kitchens, through the following processes such as Die - Casting, Sand – blasting, Coinage, Enameling, Machining, Cleaning & Assembling.

·         Manufacturer of other taps and valves

·         Wholesaler of wood, construction materials and sanitary fixtures, flat glass, paints and colours

 

 

No of Employees :

from 500 to 750 employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

NOTES :

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

 

ECGC Country Risk Classification List – 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

 

Sabaf S.p.a.

 

Via Dei Carpini, 1

 

25035 - Ospitaletto        (BS)      -IT-

 

 

Summary

 

Fiscal Code

:

03244470179

Legal Form

:

Joint stock company

start of Activities

:

07/10/1993

Equity

:

Over 2.582.254

Turnover Range

:

100.000.000/150.000.000

Number of Employees

:

from 500 to 750

 

 

Activity

 

·         Engaged in the designing, production & marketing of Taps, thermostats, Burners & Components for Gas Kitchens, through the following processes such as Die - Casting, Sand – blasting, Coinage, Enameling, Machining, Cleaning & Assembling.

·         Manufacturer of other taps and valves

·         Wholesaler of wood, construction materials and sanitary fixtures, flat glass, paints and colours

 

 

Legal Data

 

Legal Form : Joint stock company

Fiscal Code : 03244470179

 

Foreign Trade Reg. no. : BS053568 since 19/01/1995

 

Foreign Trade Reg. no. : 053568 of Brescia since 19/01/1995

 

Chamber of Commerce no. : 347512 of Brescia since 01/12/1993

 

Firms' Register : BS029-52821 of Brescia since 19/02/1996

 

V.A.T. Code : 01786910982

 

Foundation date

: 04/10/1993

Establishment date

: 04/10/1993

Start of Activities

: 07/10/1993

Legal duration

: 31/12/2070

Nominal Capital

: 11.533.450

Subscribed Capital

: 11.533.450

Paid up Capital

: 11.533.450

Registration No.:

IT- 35029

 



Members

 

Saleri

Gianbattista

 

Born in Brescia

(BS)

on 13/11/1963

- Fiscal Code : SLRGBT63S13B157N

 

Residence:

Garibaldi

, 30

- 25073

Bovezzo

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Assistant board Chairman

08/05/2012

Director

08/05/2012

Managing Director

08/05/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Cossu

Leonardo

 

Born in Verona

(VR)

on 23/05/1958

- Fiscal Code : CSSLRD58E23L781C

 

Residence:

Castello Di Casaglio

, 29

- 25064

Gussago

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

08/05/2012



Franceschetti

Maria Chiara

 

Born in Iseo

(BS)

on 22/06/1969

- Fiscal Code : FRNMCH69H62E333R

 

Residence:

Fermi

, 21

- 25060

Cellatica

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

29/04/2014



Bragantini

Salvatore

 

Born in Imola

(BO)

on 17/09/1943

- Fiscal Code : BRGSVT43P17E289U

 

Residence:

Italia

, 68

- 20100

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

08/05/2012



Saleri

Giuseppe

 

Born in Lumezzane

(BS)

on 21/08/1931

- Fiscal Code : SLRGPP31M21E738W

 

Residence:

Rango

, 56

- 25065

Lumezzane

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Board Chairman

08/05/2012

Director

08/05/2012

Managing Director

08/05/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Camodeca

Renato Serafino

 

Born in Mantova

(MN)

on 28/11/1966

- Fiscal Code : CMDRTS66S28E897U

 

Residence:

Lama

, 16

- 25133

Brescia

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

08/05/2012



Saleri

Cinzia

 

Born in Brescia

(BS)

on 18/12/1961

- Fiscal Code : SLRCNZ61T58B157Z

 

Residence:

Dei Carpini

, 1

- 25035

Ospitaletto

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

08/05/2012

Managing Director

08/05/2012

Vice-Chairman

08/05/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Bartoli

Alberto

 

Born in Brescia

(BS)

on 06/06/1960

- Fiscal Code : BRTLRT60H06B157J

 

Residence:

Vivaldi

, 6

- 25100

Brescia

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

08/05/2012

Managing Director

08/05/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Saleri

Ettore

 

Born in Brescia

(BS)

on 24/04/1973

- Fiscal Code : SLRTTR73D24B157M

 

Residence:

Garibaldi

, 37B

- 25069

Villa Carcina

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

08/05/2012

Assistant board Chairman

08/05/2012

Managing Director

08/05/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Gardoni

Fausto Francesco

 

Born in San Paolo

(BS)

on 17/12/1942

- Fiscal Code : GRDFTF42T17G407I

 

Residence:

Xx Settembre

, 18

- 25020

San Paolo

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

08/05/2012



Giacomelli

Maria Maddalena

 

Born in Brescia

(BS)

on 06/08/1968

- Fiscal Code : GCMMMD68M46B157V

 

Residence:

A. Molinari

, 4

- 25050

Rodengo-Saiano

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

31/05/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Cavalli

Giuseppe

 

Born in Brescia

(BS)

on 07/11/1960

- Fiscal Code : CVLGPP60S07B157R

 

Residence:

Carpione

, 18

- 25084

Gargnano

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

08/05/2012



Rizza

Riccardo

 

Born in Salo'

(BS)

on 22/03/1965

- Fiscal Code : RZZRCR65C22H717N

 

Residence:

Palazzi

, 9

- 25086

Rezzato

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

08/05/2012



Picchi

Nicla

 

Born in Lumezzane

(BS)

on 12/07/1960

- Fiscal Code : PCCNCL60L52E738H

 

Residence:

Arnaldo Soldini

, 12

- 25124

Brescia

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

08/05/2012



Cancarini

Alberto

 

Born in Brescia

(BS)

on 13/03/1967

- Fiscal Code : CNCLRT67C13B157P

 

Residence:

Padile

, 36 ESP.A

- 25063

Gardone Val Trompia

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

27/09/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Dora

Massimo

 

Born in Brescia

(BS)

on 22/11/1970

- Fiscal Code : DROMSM70S22B157A

 

Residence:

Cave

, 73

- 25082

Botticino

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

31/05/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Beschi

Gianluca

 

Born in Brescia

(BS)

on 11/12/1968

- Fiscal Code : BSCGLC68T11B157S

 

Residence:

De Gasperi

, 57

- 25040

Monticelli Brusati

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

31/05/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Belpietro

Nicola

 

Born in Brescia

(BS)

on 15/10/1966

- Fiscal Code : BLPNCL66R15B157F

 

Residence:

Della Baitella

, 2

- 25045

Castegnato

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

31/05/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Gorini

Luca

 

Born in Genova

(GE)

on 05/02/1969

- Fiscal Code : GRNLCU69B05D969U

 

Residence:

Cavour

, 86

- 25082

Botticino

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

31/05/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Benedetti

Pietro

 

Born in Brescia

(BS)

on 16/02/1966

- Fiscal Code : BNDPTR66B16B157W

 

Residence:

Ombrini

, 65

- 25080

Nuvolento

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

31/05/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Bonfadelli

Andrea

 

Born in Asola

(MN)

on 17/10/1977

- Fiscal Code : BNFNDR77R17A470A

 

Residence:

Val Sugana

, 8

- 25123

Brescia

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

01/08/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Giuseppe Saleri Sapa

 

 

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.

 

Saleri

Gianbattista

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Nuova Sabaf S.p.a.

Lumezzane (BS) - IT -

01538160985

Director

Withdrawn

Merged

Nuova Sabaf S.p.a.

Lumezzane (BS) - IT -

01538160985

Managing Director

Withdrawn

Merged

La Peschiera Soc Arl

Parma (PR) - IT -

00339080343

Director

Withdrawn

Ceased

Salfin S.p.a.

Brescia (BS) - IT -

02155000173

Director

Withdrawn

Ceased

Sabaf Investimenti S.r.l.

Lumezzane (BS) - IT -

00874630171

Liquidator

Withdrawn

Ceased

Immobiliare Arco S.r.l.

Brescia (BS) - IT -

03367980178

Managing Director

Active

Registered

Immobiliare Arco S.r.l.

Brescia (BS) - IT -

03367980178

Director

Active

Registered

Immobiliare Arco S.r.l.

Brescia (BS) - IT -

03367980178

Managing Director

Withdrawn

Registered

Immobiliare Arco S.r.l.

Brescia (BS) - IT -

03367980178

Board Chairman

Active

Registered

Mella 2000 S.r.l.

Brescia (BS) - IT -

03431540172

Director

Withdrawn

Ceased

Desenzano 2002 S.r.l.

Brescia (BS) - IT -

03434700179

Managing Director

Active

Registered

Desenzano 2002 S.r.l.

Brescia (BS) - IT -

03434700179

Director

Active

Registered

Desenzano 2002 S.r.l.

Brescia (BS) - IT -

03434700179

Board Chairman

Active

Registered

Chiese 2000 S.r.l.

Brescia (BS) - IT -

03493200178

Managing Director

Active

Registered

Chiese 2000 S.r.l.

Brescia (BS) - IT -

03493200178

Director

Active

Registered

Chiese 2000 S.r.l.

Brescia (BS) - IT -

03493200178

Managing Director

Withdrawn

Registered

Chiese 2000 S.r.l.

Brescia (BS) - IT -

03493200178

Board Chairman

Active

Registered

Sviluppo Immobiliare Latina S.r.l.

Brescia (BS) - IT -

13220310158

Director

Withdrawn

Registered

Sviluppo Immobiliare Latina S.r.l.

Brescia (BS) - IT -

13220310158

Sole Director

Active

Registered

Sviluppo Immobiliare Latina S.r.l.

Brescia (BS) - IT -

13220310158

Board Chairman

Withdrawn

Registered

West Energy S.p.a.

Brescia (BS) - IT -

02227300981

Director

Withdrawn

Registered

Tre Laghi S.a.s. Di S.a.r.a. 2 S.r.l.

Brescia (BS) - IT -

02230650984

Director

Withdrawn

Registered

Tre Laghi S.a.s. Di S.a.r.a. 2 S.r.l.

Brescia (BS) - IT -

02230650984

Managing Director

Withdrawn

Registered

H.b. Ampezzo S.r.l.

Brescia (BS) - IT -

03586570404

Managing Director

Active

Registered

H.b. Ampezzo S.r.l.

Brescia (BS) - IT -

03586570404

Director

Active

Registered

H.b. Ampezzo S.r.l.

Brescia (BS) - IT -

03586570404

Board Chairman

Active

Registered

Mella 2000 S.r.l.

Brescia (BS) - IT -

02356400982

Managing Director

Active

Registered

Mella 2000 S.r.l.

Brescia (BS) - IT -

02356400982

Director

Active

Registered

Mella 2000 S.r.l.

Brescia (BS) - IT -

02356400982

Managing Director

Withdrawn

Registered

Mella 2000 S.r.l.

Brescia (BS) - IT -

02356400982

Board Chairman

Active

Registered

Getto S.r.l.

Ospitaletto (BS) - IT -

02382380984

Director

Active

Registered

Getto S.r.l.

Ospitaletto (BS) - IT -

02382380984

Managing Director

Active

Registered

Consorzio Operatori Del Complesso Polifunzionale Le Vele

Desenzano del Garda (BS) - IT -

02505440988

Director

Withdrawn

Registered

Consorzio Operatori Del Complesso Polifunzionale Le Vele

Desenzano del Garda (BS) - IT -

02505440988

Board of Directors' chairman

Active

Registered

Silmax S.r.l.

Brescia (BS) - IT -

02579200987

Director

Active

Registered

Silmax S.r.l.

Brescia (BS) - IT -

02579200987

Managing Director

Active

Registered

Mincio S.r.l. In Liquidazione

Brescia (BS) - IT -

02686670981

Liquidator

Withdrawn

Ceased

Idea Immobiliare S.n.c. Di Immobiliare ARco S.r.l.

Brescia (BS) - IT -

03348270962

Director

Withdrawn

Registered

Idea Immobiliare S.n.c. Di Immobiliare ARco S.r.l.

Brescia (BS) - IT -

03348270962

Managing Director

Withdrawn

Registered

Primo Accordo S.r.l.

Brescia (BS) - IT -

02860430368

Director

Withdrawn

Ceased

Trust Ever Company S.r.l.

Brescia (BS) - IT -

03610680401

Managing Director

Active

Registered

Trust Ever Company S.r.l.

Brescia (BS) - IT -

03610680401

Director

Active

Registered

Trust Ever Company S.r.l.

Brescia (BS) - IT -

03610680401

Board Chairman

Active

Registered

Immobiliare Arena 2010 S.r.l.

Brescia (BS) - IT -

03274050982

Director

Active

Registered

Immobiliare Arena 2010 S.r.l.

Brescia (BS) - IT -

03274050982

Board Chairman

Active

Registered

Bathroom Solution S.r.l.

Brescia (BS) - IT -

03272800982

Sole Director

Withdrawn

Registered

Bathroom Solution S.r.l.

Brescia (BS) - IT -

03272800982

Sole partner

Active

Registered

Lonato 2011 S.r.l.

Brescia (BS) - IT -

03380580989

Director

Active

Registered

Lonato 2011 S.r.l.

Brescia (BS) - IT -

03380580989

Board Chairman

Active

Registered

2020 Servizi Immobiliari Srl

Lonato Del Garda (BS) - IT -

03526980986

Director

Active

Registered

2020 Servizi Immobiliari Srl

Lonato Del Garda (BS) - IT -

03526980986

Board Chairman

Active

Registered

 

Saleri

Giuseppe

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Sabaf Di Saleri Battista E Figli Societa' Per Azioni

Lumezzane (BS) - IT -

00278270178

Chairman

Withdrawn

Merged

Sabaf Di Saleri Battista E Figli Societa' Per Azioni

Lumezzane (BS) - IT -

00278270178

Managing Director

Withdrawn

Merged

Nuova Sabaf S.p.a.

Lumezzane (BS) - IT -

01538160985

Chairman

Withdrawn

Merged

Nuova Sabaf S.p.a.

Lumezzane (BS) - IT -

01538160985

Managing Director

Withdrawn

Merged

Nuova Sabaf S.p.a.

Lumezzane (BS) - IT -

01538160985

Managing Director

Withdrawn

Merged

Osvaldo E Baldo S.r.l.

Castenedolo (BS) - IT -

00534960174

Sole Director

Withdrawn

Registered

Salfin S.p.a.

Brescia (BS) - IT -

02155000173

Chairman

Withdrawn

Ceased

Salfin S.p.a.

Brescia (BS) - IT -

02155000173

Managing Director

Withdrawn

Ceased

Giuseppe Saleri Societa' In AccomanditaPer Azioni

Ospitaletto (BS) - IT -

03276800178

Director

Active

Registered

Giuseppe Saleri Societa' In AccomanditaPer Azioni

Ospitaletto (BS) - IT -

03276800178

General Partner

Active

Registered

Giuseppe Saleri Societa' In AccomanditaPer Azioni

Ospitaletto (BS) - IT -

03276800178

Managing Director

Active

Registered

Giuseppe Saleri Societa' In AccomanditaPer Azioni

Ospitaletto (BS) - IT -

03276800178

Board Chairman

Active

Registered

Sabaf Immobiliare S.r.l.

Ospitaletto (BS) - IT -

02192840987

Director

Active

Registered

Sabaf Immobiliare S.r.l.

Ospitaletto (BS) - IT -

02192840987

Managing Director

Active

Registered

Sabaf Immobiliare S.r.l.

Ospitaletto (BS) - IT -

02192840987

Board Chairman

Active

Registered

Getto S.r.l.

Ospitaletto (BS) - IT -

02382380984

Director

Withdrawn

Registered

Getto S.r.l.

Ospitaletto (BS) - IT -

02382380984

Managing Director

Withdrawn

Registered

Getto S.r.l.

Ospitaletto (BS) - IT -

02382380984

Board Chairman

Withdrawn

Registered

 

Saleri

Cinzia

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Getto S.r.l.

Ospitaletto (BS) - IT -

02382380984

Director

Active

Registered

Getto S.r.l.

Ospitaletto (BS) - IT -

02382380984

Managing Director

Active

Registered

Getto S.r.l.

Ospitaletto (BS) - IT -

02382380984

Board Chairman

Active

Registered

 

Bartoli

Alberto

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Faringosi Hinges S.r.l.

Ospitaletto (BS) - IT -

04873470159

Managing Director

Active

Registered

Faringosi Hinges S.r.l.

Ospitaletto (BS) - IT -

04873470159

Director

Active

Registered

Faringosi Hinges S.r.l.

Ospitaletto (BS) - IT -

04873470159

Board Chairman

Active

Registered

Bioteke S.r.l.

Chignolo Po (PV) - IT -

04598310151

Attorney with special power

Withdrawn

Ceased

F.lli Guidetti S.r.l.

Brescia (BS) - IT -

01428780173

Permanent Auditor

Withdrawn

Registered

Immobiliare Arco S.r.l.

Brescia (BS) - IT -

03367980178

Director

Withdrawn

Registered

Euro Edes S.p.a.

Torino (TO) - IT -

07434090010

Permanent Auditor

Withdrawn

Registered

Giuseppe Saleri Societa' In AccomanditaPer Azioni

Ospitaletto (BS) - IT -

03276800178

Procurator

Active

Registered

Desenzano 2002 S.r.l.

Brescia (BS) - IT -

03434700179

Director

Withdrawn

Registered

Sviluppo Immobiliare Latina S.r.l.

Brescia (BS) - IT -

13220310158

Director

Withdrawn

Registered

West Energy S.p.a.

Brescia (BS) - IT -

02227300981

Director

Withdrawn

Registered

West Energy S.p.a.

Brescia (BS) - IT -

02227300981

Managing Director

Active

Registered

H.b. Ampezzo S.r.l.

Brescia (BS) - IT -

03586570404

Director

Withdrawn

Registered

Nuovo Molino S.p.a.

Brescia (BS) - IT -

02704600986

Director

Withdrawn

Registered

Nuovo Molino S.p.a.

Brescia (BS) - IT -

02704600986

Board Chairman

Withdrawn

Registered

Garda - Societa' Di Gestione Del RisparmIo Societa' Per Azioni

Milano (MI) - IT -

05392240965

Director

Withdrawn

Registered

Garda - Societa' Di Gestione Del RisparmIo Societa' Per Azioni

Milano (MI) - IT -

05392240965

Board Chairman

Withdrawn

Registered

Alla 176 Societa' Semplice

Brescia (BS) - IT -

98089800175

Partner

Withdrawn

Ceased

Alla 176 Societa' Semplice

Brescia (BS) - IT -

98089800175

Partner

Withdrawn

Ceased

Alla 176 Societa' Semplice

Brescia (BS) - IT -

98089800175

Liquidator

Withdrawn

Ceased

Mella 2000 S.r.l.

Brescia (BS) - IT -

02356400982

Director

Withdrawn

Registered

Mozart S.a.s. Di Alberto Bartoli E C.

Brescia (BS) - IT -

02538660982

General Partner

Active

Registered

Santa Radegonda Srl

Brescia (BS) - IT -

02568710988

Director

Withdrawn

Registered

Mr Sviluppo S.r.l.

Brescia (BS) - IT -

02609690983

Chairman of the Board of Aud.

Withdrawn

Registered

 

Saleri

Ettore

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Sabaf Immobiliare S.r.l.

Ospitaletto (BS) - IT -

02192840987

Director

Active

Registered

Sabaf Immobiliare S.r.l.

Ospitaletto (BS) - IT -

02192840987

Managing Director

Active

Registered

Getto S.r.l.

Ospitaletto (BS) - IT -

02382380984

Director

Active

Registered

Getto S.r.l.

Ospitaletto (BS) - IT -

02382380984

Managing Director

Active

Registered

Santa Radegonda Srl

Brescia (BS) - IT -

02568710988

Director

Active

Registered

Momento Divino S.r.l. - UnipersonaleE Nell'ipotesi

Concesio (BS) - IT -

02674430984

Sole Director

Withdrawn

Registered

Momento Divino S.r.l. - UnipersonaleE Nell'ipotesi

Concesio (BS) - IT -

02674430984

Person in charge

Withdrawn

Registered

Momento Divino S.r.l. - UnipersonaleE Nell'ipotesi

Concesio (BS) - IT -

02674430984

Sole partner

Withdrawn

Registered

 

The indication "REGISTERED" as Firm Status could refer to Firms in Liquidation, Active, Inactive, etc.

For more information, in this case, we advise to request further investigations.



Capital Shareholders

 

Shareholders' list as at date of data collection:

Firm's Style / Name

Seat / Residence

Fiscal Code

Owned Shares

% Ownership

Giuseppe Saleri Sapa

03276800178

5.849.996 .Eur

50,72



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

Lumenergia S.p.a.

Lumezzane - IT -

03405300173

2.250 .Eur

0,75

Active

El.va. S.r.l. In Liquidazione

Breno - IT -

02194120966

2.043 .Eur

2,04

Active

Faringosi Hinges S.r.l.

Ospitaletto - IT -

04873470159

90.000 .Eur

100,00

Active

Consorzio Bresciano Per La Ricerca Appli Cata E L'innovazione Tecnologica Nel Se

Brescia - IT -

03067310171

5.200 .Eur

0,59

Active

Sabaf Immobiliare S.r.l.

Ospitaletto - IT -

02192840987

25.000 .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

 

Dei Carpini

, 1

- 25035

- Ospitaletto

(BS)

- IT -

 

PHONE

: 0030/8252211

 

PHONE

: 0306843001

 

FAX

: 0306848249

 

-

Branch

(Factory)

since 14/04/1994

until 30/11/2002

 

Veneto

, 52/54

- 25069

- Villa Carcina

(BS)

- IT -

 

PHONE

: 0308252211

 

-

Branch

(Factory)

since 05/12/1994

until 31/03/2002

 

Tito Speri

, 9/B

- 25065

- Lumezzane

(BS)

- IT -

 

PHONE

: 0308252211

 

-

Branch

(Factory)

since 30/12/1995

until 30/11/2002

 

Martiri Della Liberta'

, 66

- 25035

- Ospitaletto

(BS)

- IT -

 

PHONE

: 0308252211

 

-

Branch

(Warehouse)

since 16/11/1998

until 26/10/1999

 

Oberdan

, 22

- 25065

- Lumezzane

(BS)

- IT -

 

PHONE

: 0308252211

 

-

Branch

since 07/01/2002

until 07/05/2002

 

Dei Carpini

, 1

- 25035

- Ospitaletto

(BS)

- IT -

 

-

Branch

(Office with warehouse)

since 07/05/2002

 

Rango

, 23

- 25065

- Lumezzane

(BS)

- IT -

 

Employees

: 565

 

Assistants

: 7

 

Fittings and Equipment for a value of 24.270.000

Eur

 

Stocks for a value of 20.780.000

Eur

 

 

Historical Information and/or Firm's Status

 

CHANGES TO THE LEGAL FORM:

 

Former legal form

New legal form

Changement Date

Limited liability company

Joint stock company

01/06/1994

 

EX-MEMBERS / EX-POSITIONS:

 

Saleri

Gianbattista

 

Born in Brescia

(BS)

on 13/11/1963

- Fiscal Code : SLRGBT63S13B157N

 

Residence:

Garibaldi

, 30

- 25073

Bovezzo

(BS)

- IT -

 

Ex-Postions

Managing Director

 

Bettinzoli

Angelo

 

Born in Brescia

(BS)

on 08/09/1942

- Fiscal Code : BTTNGL42P08B157Y

 

Residence:

Donizetti

, 25

- 25062

Concesio

(BS)

- IT -

 

Ex-Postions

Director

Managing Director

 

Saleri

Giuseppe

 

Born in Lumezzane

(BS)

on 21/08/1931

- Fiscal Code : SLRGPP31M21E738W

 

Residence:

Rango

, 56

- 25065

Lumezzane

(BS)

- IT -

 

Ex-Postions

Managing Director

 

Camodeca

Renato Serafino

 

Born in Mantova

(MN)

on 28/11/1966

- Fiscal Code : CMDRTS66S28E897U

 

Residence:

Lama

, 16

- 25133

Brescia

(BS)

- IT -

 

Ex-Postions

Permanent Auditor

 

Bartoli

Alberto

 

Born in Brescia

(BS)

on 06/06/1960

- Fiscal Code : BRTLRT60H06B157J

 

Residence:

Vivaldi

, 6

- 25100

Brescia

(BS)

- IT -

 

Ex-Postions

Managing Director

 

Saleri

Ettore

 

Born in Brescia

(BS)

on 24/04/1973

- Fiscal Code : SLRTTR73D24B157M

 

Residence:

Garibaldi

, 37B

- 25069

Villa Carcina

(BS)

- IT -

 

Ex-Postions

Managing Director

 

Giacomelli

Maria Maddalena

 

Born in Brescia

(BS)

on 06/08/1968

- Fiscal Code : GCMMMD68M46B157V

 

Residence:

A. Molinari

, 4

- 25050

Rodengo-Saiano

(BS)

- IT -

 

Ex-Postions

Procurator

 

Rizza

Riccardo

 

Born in Salo'

(BS)

on 22/03/1965

- Fiscal Code : RZZRCR65C22H717N

 

Residence:

Palazzi

, 9

- 25086

Rezzato

(BS)

- IT -

 

Ex-Postions

Temporary Auditor

 

Tedeschi

Marco

 

Born in Brescia

(BS)

on 26/06/1961

- Fiscal Code : TDSMRC61H26B157U

 

Residence:

Sabotino

, 33

- 25100

Brescia

(BS)

- IT -

 

Ex-Postions

Procurator

 

Piras

Marco

 

Born in Brescia

(BS)

on 23/09/1950

- Fiscal Code : PRSMRC50P23B157Y

 

Residence:

G.matteotti

, 16

- 25050

Rodengo-Saiano

(BS)

- IT -

 

Ex-Postions

Procurator

 

Ghedini

Raffaele

 

Born in Bergamo

(BG)

on 12/04/1958

- Fiscal Code : GHDRFL58D12A794J

 

Residence:

Volturno Cedri

, 80

- 20047

Brugherio

(MI)

- IT -

 

Ex-Postions

Director

 

Giua

Alberto Federico

 

Born in Somma Lombardo

(VA)

on 01/05/1951

- Fiscal Code : GIULRT51E01I819T

 

Residence:

Binda

, 7

- 21013

Gallarate

(VA)

- IT -

 

Ex-Postions

Director

 

Gitti

Gregorio

 

Born in Brescia

(BS)

on 21/06/1964

- Fiscal Code : GTTGGR64H21B157R

 

Residence:

Renato Fucini

, 8

- 25123

Brescia

(BS)

- IT -

 

Ex-Postions

Director

 

Lucchini

Italo

 

Born in Bergamo

(BG)

on 28/12/1943

- Fiscal Code : LCCTLI43T28A794U

 

Residence:

Mg Cornasello

, 5

- 24100

Bergamo

(BG)

- IT -

 

Ex-Postions

Chairman of the Board of Aud.

 

Seccamani Mazzoli

Giovannimaria

 

Born in Brescia

(BS)

on 09/11/1952

- Fiscal Code : SCCGNN52S09B157Z

 

Residence:

Trieste

, 25

- 25100

Brescia

(BS)

- IT -

 

Ex-Postions

Permanent Auditor

 

Bellini

Pierluigi

 

Born in Verolanuova

(BS)

on 23/12/1950

- Fiscal Code : BLLPLG50T23L777Y

 

Residence:

Camozzi

, 1

- 25030

Roccafranca

(BS)

- IT -

 

Ex-Postions

Chairman of the Board of Aud.

Temporary Auditor

 

Ballerio

Eugenio

 

Born in Brescia

(BS)

on 26/01/1938

- Fiscal Code : BLLGNE38A26B157X

 

Residence:

Cefalonia

, 55

- 25124

Brescia

(BS)

- IT -

 

Ex-Postions

Permanent Auditor

 

Pasotti

Flavio

 

Born in Brescia

(BS)

on 12/11/1960

- Fiscal Code : PSTFLV60S12B157R

 

Residence:

Agostino Gallo

, 13

- 25121

Brescia

(BS)

- IT -

 

Ex-Postions

Director

 

Papa

Franco Carlo

 

Born in Milano

(MI)

on 23/05/1957

- Fiscal Code : PPAFNC57E23F205D

 

Residence:

Dei Grimani

, 16

- 20144

Milano

(MI)

- IT -

 

Ex-Postions

Director



CEASINGS/INCORPORATIONS/MERGES:

 

The firm absorved

 

Salfin S.p.a.

 

Creta

, 2

, 25124

, Brescia

(BS)

- IT -

 

Fiscal Code: 02155000173

 

Date

:

21/07/1994

 

The firm absorved

 

Salfin S.p.a.

 

Creta

, 2

, 25124

, Brescia

(BS)

- IT -

 

Fiscal Code: 02155000173

 

Date

:

21/07/1994

 

The firm absorbed by merging of

 

Salfin S.p.a.

 

Creta

, 2

, 25124

, Brescia

(BS)

- IT -

 

Fiscal Code: 02155000173

 

Date

:

21/07/1994




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

 

Subject is active since 1993

 

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

 

During the last years, it achieved profits (r.o.e. 2,15% on 2012)

 

The operating result in 2012 was positive (3,29%) and reflects the field's average.

 

The operating result is positive and amounts to Eur. 4.988.000 recording a drop as opposed to the year before (-60,42%).

 

During the latest financial year the gross operating margin amounted to Eur. 17.019.000 showing a drop (-26,49%).

 

The company has an excellent net worth if compared to its debts, with a low indebtedness (0,39) which is yet rising if compared to 2011.

 

The equity capital is equal to Eur. 104.133.000 , unchanged as opposed to the preceding year.

 

During the last financial year total debts volume reached Eur. 45.166.000 (Eur. 2.739.000 were m/l term ones) , with no sensible variation.

 

The company does not exceed in bank borrowings; the recourse to suppliers' credit is also limited below the

sector's average.

 

Payments are supported by good current assets.

 

Trade credits are collected slowly, average term is 106,84 days. within the standard level of the average of the sector.

 

As far as the cash flow is concerned during the latest financial year it amounted to Eur. 14.233.000

Labour cost expenses amount to Eur. 25.934.000 , representing 22,5% on the total of production costs. , with a 22,32% incidence on turnover.

 

The financial charges are lower than the financial incomes.

 

Financial Data

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

116.202.000

Profit (Loss) for the period

2.236.000

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

132.514.000

Profit (Loss) for the period

11.122.000

 

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

132.176.431

Profit (Loss) for the period

13.245.691




Balance Sheets

 

From our constant monitoring of the relevant Public Administration offices, no more recent balance sheets result to have been filed.

 

- Balance Sheet as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1

 

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

 

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

 

Years

2012

2011

2010

BALANCE SHEET ACCOUNTS

 

ASSETS

CREDITS VS PARTNERS

. Deposits not yet withdrawn

. Deposits already withdrawn

Total credits vs partners

FIXED ASSETS

. INTANGIBLE FIXED ASSETS

. . Start-up and expansion expenses

. . Research,develop. and advert.expens.

2.388.000

2.345.000

. . Industrial patent rights

948.000

1.115.000

. . Concessions,licenses,trademarks,etc.

. . Goodwill

. . Assets in formation and advance paymen.

. . Other intangible fixed assets

586.000

438.000

. Total Intangible Fixed Assets

3.922.000

3.898.000

4.141.235

. TANGIBLE FIXED ASSETS

. . Real estate

6.215.000

6.514.000

-117.176.018

. . Plant and machinery

24.266.000

27.843.000

133.837.000

. . Industrial and commercial equipment

. . Other assets

3.980.000

4.136.000

22.951.000

. . Assets under construction and advances

2.530.000

2.180.000

3.073.000

. Total Tangible fixed assets

36.991.000

40.673.000

42.684.982

. FINANCIAL FIXED ASSETS

. . Equity investments

42.129.000

35.027.000

35.998.577

. . . Equity invest. in subsidiary companies

42.096.000

34.994.000

35.965.577

. . . Equity invest. in associated companies

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

33.000

33.000

33.000

. . Financial receivables

1.523.000

7.000

9.708

. . . . Within 12 months

. . . . Beyond 12 months

1.523.000

7.000

9.708

. . . Receivab due from subsidiaries

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from assoc.comp.

1.516.000

. . . . Within 12 months

. . . . Beyond 12 months

1.516.000

. . . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from third parties

7.000

7.000

9.708

. . . . Within 12 months

. . . . Beyond 12 months

7.000

7.000

9.708

. . Other securities

. . Own shares

2.339.000

328.000

. . . Total nominal value

. Total financial fixed assets

45.991.000

35.362.000

36.008.285

Total fixed assets

86.904.000

79.933.000

82.834.502

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

8.678.000

7.510.726

. . Work in progress and semimanufactured

8.679.000

9.831.000

. . Work in progress on order

. . Finished goods

20.780.000

7.076.000

6.084.000

. . Advance payments

. Total Inventories

20.780.000

24.433.000

23.425.726

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

39.213.000

42.990.000

41.389.402

. . Beyond 12 months

3.319.000

3.151.000

1.386.306

. . Trade receivables

34.487.000

39.561.000

40.173.836

. . . . Within 12 months

34.487.000

39.561.000

40.173.836

. . . . Beyond 12 months

. . Receivables due from subsid. comp.

226.000

. . . . Within 12 months

226.000

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

2.367.000

. . . . Within 12 months

2.367.000

. . . . Beyond 12 months

. . Receivables due from holding comp.

1.546.000

. . . . Within 12 months

1.546.000

. . . . Beyond 12 months

. . Fiscal Receivables

1.895.000

1.493.000

338.824

. . . . Within 12 months

1.895.000

1.493.000

338.824

. . . . Beyond 12 months

. . Receivables for anticipated taxes

3.319.000

3.151.000

1.386.306

. . . . Within 12 months

. . . . Beyond 12 months

3.319.000

3.151.000

1.386.306

. . Receivables due from third parties

464.000

390.000

650.742

. . . . Within 12 months

464.000

390.000

650.742

. . . . Beyond 12 months

. Total Credits not held as fixed assets

42.532.000

46.141.000

42.775.708

. 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

. . Checks

. . Banknotes and coins

. Total Liquid funds

1.601.000

9.180.000

5.026.100

Total current assets

64.913.000

79.754.000

71.227.534

ADJUSTMENT ACCOUNTS

. Discount on loans

. Other adjustment accounts

Total adjustments accounts

TOTAL ASSETS

151.817.000

159.687.000

154.062.036

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

11.533.000

11.533.000

11.533.450

. Additional paid-in capital

10.002.000

10.002.000

10.002.000

. Revaluation reserves

. Legal reserve

2.307.000

2.307.000

2.307.000

. Reserve for Own shares

. Statute reserves

-328.000

. Other reserves

78.055.000

73.827.000

69.759.276

. Accumulated Profits (Losses)

. Profit( loss) of the year

2.236.000

11.122.000

13.245.691

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

104.133.000

108.791.000

106.519.417

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

310.000

. . Taxation fund, also differed

27.000

46.000

150.267

. . Other funds

399.000

467.000

60.087

Total Reserves for Risks and Charges

426.000

513.000

520.354

Employee termination indemnities

2.092.000

2.199.000

2.309.707

ACCOUNTS PAYABLE

. . . . Within 12 months

42.427.000

40.473.000

34.305.880

. . . . Beyond 12 months

2.739.000

7.711.000

10.406.678

. . 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

21.842.000

16.256.000

11.451.105

. . . . Within 12 months

19.103.000

8.545.000

3.744.427

. . . . Beyond 12 months

2.739.000

7.711.000

7.706.678

. . Due to other providers of finance

33.000

33.000

55.410

. . . . Within 12 months

33.000

33.000

55.410

. . . . Beyond 12 months

. . Advances from customers

147.000

559.000

46.000

. . . . Within 12 months

147.000

559.000

46.000

. . . . Beyond 12 months

. . Trade payables

17.079.000

24.928.000

21.029.676

. . . . Within 12 months

17.079.000

24.928.000

21.029.676

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

2.700.000

. . . . Within 12 months

. . . . Beyond 12 months

2.700.000

. . Due to associated companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to holding companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to the tax authorities

669.000

688.000

3.149.800

. . . . Within 12 months

669.000

688.000

3.149.800

. . . . Beyond 12 months

. . Due to social security and welfare inst.

1.913.000

2.026.000

1.949.000

. . . . Within 12 months

1.913.000

2.026.000

1.949.000

. . . . Beyond 12 months

. . Other payables

3.483.000

3.694.000

4.331.567

. . . . Within 12 months

3.483.000

3.694.000

4.331.567

. . . . Beyond 12 months

Total accounts payable

45.166.000

48.184.000

44.712.558

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

Total adjustment accounts

TOTAL LIABILITIES

151.817.000

159.687.000

154.062.036

 

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

116.202.000

132.514.000

132.176.431

. Changes in work in progress

. Changes in semi-manufact. products

. Capitalization of internal work

1.056.000

976.000

909.116

. Other income and revenues

2.992.000

3.960.000

3.845.485

. . Contributions for operating expenses

. . Different income and revenues

2.992.000

3.960.000

3.845.485

Total value of production

120.250.000

137.450.000

136.931.032

PRODUCTION COSTS

. Raw material,other materials and consum.

42.330.000

52.279.000

49.907.820

. Services received

25.862.000

29.141.000

27.285.058

. Leases and rentals

3.898.000

3.496.000

3.443.000

. Payroll and related costs

25.934.000

27.359.000

27.566.627

. . Wages and salaries

18.020.000

18.366.000

17.590.627

. . Social security contributions

5.918.000

6.029.000

5.783.000

. . Employee termination indemnities

1.607.000

. . Pension and similar

. . Other costs

1.996.000

2.964.000

2.586.000

. Amortization and depreciation

11.997.000

10.423.000

10.714.691

. . Amortization of intangible fixed assets

1.017.000

1.037.000

922.000

. . Amortization of tangible fixed assets

9.372.000

9.186.000

9.235.691

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

1.608.000

200.000

557.000

. Changes in raw materials

3.654.000

-1.008.000

-4.075.861

. Provisions to risk reserves

34.000

113.000

160.000

. Other provisions

13.000

. Other operating costs

1.553.000

3.031.000

1.348.478

Total production costs

115.262.000

124.847.000

116.349.813

Diff. between value and cost of product.

4.988.000

12.603.000

20.581.219

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

792.000

2.717.000

207

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

41.000

57.000

14.589

. . 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

-613.000

53.000

-885.169

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

Total financial income and expense

220.000

2.827.000

-870.373

ADJUSTMENTS TO FINANCIAL ASSETS

. Revaluations

. . Of equity investments

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

. . Of securities incl.among current assets

. Devaluation

-2.051.000

-1.484.000

. . Of equity investments

-2.051.000

-1.484.000

. . Of financial fixed assets (no equity inv)

. . Of securities included among current ass

Total adjustments to financial assets

-2.051.000

-1.484.000

EXTRAORDINARY INCOME AND EXPENSE

. Extraordinary income

623.000

497.000

93.739

. . Gains on disposals

375.000

38.000

. . Other extraordinary income

248.000

459.000

93.739

. Extraordinary expense

-72.000

-90.000

-11.326

. . Losses on disposals

. . Taxes relating to prior years

. . Other extraordinary expense

-72.000

-90.000

-11.326

Total extraordinary income and expense

551.000

407.000

82.413

Results before income taxes

3.708.000

14.353.000

19.793.259

. Taxes on current income

1.472.000

3.231.000

6.547.568

. . current taxes

2.707.000

4.958.000

. . differed taxes(anticip.)

-1.235.000

-1.727.000

. Net income for the period

2.236.000

11.122.000

13.245.691

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

2.236.000

11.122.000

13.245.691

 

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

0,57

0,50

0,54

0,26

Elasticity Ratio

Units

0,43

0,50

0,46

0,73

Availability of stock

Units

0,14

0,15

0,15

0,23

Total Liquidity Ratio

Units

0,29

0,35

0,31

0,44

Quick Ratio

Units

0,01

0,06

0,03

0,02

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

0,39

0,29

0,27

1,74

Self Financing Ratio

Units

0,69

0,68

0,69

0,29

Capital protection Ratio

Units

0,87

0,79

0,77

0,64

Liabilities consolidation quotient

Units

0,11

0,24

0,37

0,22

Financing

Units

0,43

0,44

0,42

2,30

Permanent Indebtedness Ratio

Units

0,72

0,74

0,77

0,46

M/L term Debts Ratio

Units

0,03

0,06

0,08

0,11

Net Financial Indebtedness Ratio

Units

0,19

0,07

0,06

0,49

CORRELATION

Fixed assets ratio

Units

1,25

1,49

1,44

1,63

Current ratio

Units

1,53

1,97

2,08

1,32

Acid Test Ratio-Liquidity Ratio

Units

1,04

1,37

1,39

0,86

Structure's primary quotient

Units

1,20

1,36

1,29

1,05

Treasury's primary quotient

Units

0,04

0,23

0,15

0,04

Rate of indebtedness ( Leverage )

%

145,79

146,78

144,63

349,01

Current Capital ( net )

Value

22.486.000

39.281.000

36.921.654

753.266

RETURN

Return on Sales

%

12,25

16,26

18,13

5,13

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

%

2,15

10,22

12,44

7,27

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

%

3,56

13,19

18,58

15,95

Return on Investment ( R.O.I. )

%

3,29

7,89

13,36

5,36

Return/ Sales

%

4,29

9,51

15,57

5,57

Extra Management revenues/charges incid.

%

44,83

88,25

64,36

42,11

Cash Flow

Value

14.233.000

21.545.000

23.960.382

344.143

Operating Profit

Value

4.988.000

12.603.000

20.581.219

359.008

Gross Operating Margin

Value

17.019.000

23.152.000

31.455.910

705.726

MANAGEMENT

Credits to clients average term

Days

106,84

107,48

109,42

101,37

Debts to suppliers average term

Days

85,29

105,68

105,94

115,52

Average stock waiting period

Days

64,38

66,38

63,80

80,62

Rate of capital employed return ( Turnover )

Units

0,77

0,83

0,86

1,07

Rate of stock return

Units

5,59

5,42

5,64

4,40

Labour cost incidence

%

22,32

20,65

20,86

16,91

Net financial revenues/ charges incidence

%

0,19

2,13

-0,66

-1,19

Labour cost on purchasing expenses

%

22,50

21,91

23,69

17,25

Short-term financing charges

%

1,36

n.c.

1,98

2,71

Capital on hand

%

130,65

120,51

116,56

93,00

Sales pro employee

Value

197.959

222.338

228.283

223.920

Labour cost pro employee

Value

44.180

45.904

47.610

35.625

 

Market / Territory Data

 

Population living in the province

:

1.169.259

Population living in the region

:

9.393.092

Number of families in the region

:

3.858.736

 

Monthly family expenses 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 918 significant companies.

The companies cash their credits on an average of 101 dd.

The average duration of suppliers debts is about 116 dd.

The sector's profitability is on an average of 5,13%.

The labour cost affects the turnover in the measure of 16,91%.

Goods are held in stock in a range of 81 dd.

The difference between the sales volume and the resources used to realize it is about 1,07.

The employees costs represent the 17,25% of the production costs.



Statistical Detrimental Data

 

Statistically the trade activity shows periods of crisis.

The area is statistically considered moderately risky.

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

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

Total Bankrupt companies in the province : 3.452.

Total Bankrupt companies in the region : 39.612.

 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.28

UK Pound

1

Rs.102.77

Euro

1

Rs.82.12

 

 

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.