MIRA INFORM REPORT
|
Report Date : |
06.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SIXTY S.P.A. |
|
|
|
|
Registered Office : |
Via Erasmo Piaggio, 35, 66100 – Chieti (CH) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
29.04.1989 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of apparel (except fur apparel) |
|
|
|
|
No. of Employees : |
from 251 to 500 |
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 and address
SIXTY S.P.A.
Via Erasmo Piaggio, 35
66100 – Chieti (CH) -IT-
Summary
|
Fiscal Code |
: |
01238070682 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
15/10/1991 |
|
Equity |
: |
Unknown. |
|
Turnover Range |
: |
100.000.000/150.000.000 |
|
Number of Employees |
: |
from 251 to 500 |
|
Firm's Status |
: |
Composition with creditors |
Activity
Manufacture of apparel (except fur apparel)
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 01238070682 |
|
Foreign Trade Reg. no. : CH009810 since 13/06/2011 |
|
Foreign Trade Reg. no. : TE003856 since 02/04/1992 |
|
Chamber of Commerce no. : 195102 of Ascoli Piceno |
|
Chamber of Commerce no. : 361089 of Bologna |
|
Chamber of Commerce no. : 473715 of Bologna |
|
Chamber of Commerce no. : 126003 of Campobasso |
|
Chamber of Commerce no. : 95775 of Chieti since 04/01/2011 |
|
Chamber of Commerce no. : 165247 of Macerata |
|
Chamber of Commerce no. : 1477669 of Milano |
|
Chamber of Commerce no. : 1975409 of Milano |
|
Chamber of Commerce no. : 1989220 of Milano |
|
Chamber of Commerce no. : 375416 of Padova |
|
Chamber of Commerce no. : 78147 of Pescara |
|
Chamber of Commerce no. : 84815 of Pescara |
|
Chamber of Commerce no. : 135771 of Pescara |
|
Chamber of Commerce no. : 90419 of Pordenone |
|
Chamber of Commerce no. : 933326 of Roma |
|
Chamber of Commerce no. : 97239 of Teramo since 09/01/1992 |
|
Chamber of Commerce no. : 154818 of Teramo |
|
Chamber of Commerce no. : 389710 of Verona |
|
Firms' Register : TE041-10611 of Teramo since 19/02/1996 |
|
V.A.T. Code : 00808920672 |
|
Foundation date |
: 29/04/1989 |
|
|
Establishment date |
: 25/05/1995 |
|
|
Start of Activities |
: 15/10/1991 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 41.000.000 |
|
|
Subscribed Capital |
: 7.020.000 |
|
|
Paid up Capital |
: 7.020.000 |
Members
|
|
Bodo |
Paolo |
|
|
Born in Biella |
(VC) |
on 10/10/1941 |
- Fiscal Code : BDOPLA41R10A859U |
|
|
Residence: |
Venti Settembre |
, 5 |
- 00187 |
Roma |
(RM) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/07/2013 |
||
|
Board Chairman |
12/09/2013 |
||
|
Managing Director |
12/09/2013 |
|
|
Prejudicial events registered |
Legal Mortgage - 04/11/2008. - 128.667
Euro.
|
|
EQUITALIA SESTRI SPA |
Distraint - 01/12/2004.
|
|
BANCA ANTONIANA POPOLARE VENETA |
|
|
No Protests registered |
|
|
Gentile |
Domenico |
|
|
Born in Chieti |
(CH) |
on 10/11/1968 |
- Fiscal Code : GNTDNC68S10C632Z |
|
|
Residence: |
Colle Petrano |
, 77 |
- 66012 |
Casalincontrada |
(CH) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
29/07/2013 |
||
|
Managing Director |
12/09/2013 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Di Berardino |
Tonino |
|
|
Born in Bellante |
(TE) |
on 04/11/1953 |
- Fiscal Code : DBRTNN53S04A746L |
|
|
Residence: |
Tattoni |
, 4 |
- 64020 |
Bellante |
(TE) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
13/02/2014 |
|
|
Sixty S.a. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Protests registered |
|
|
Sixty International S.a. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Protests registered |
|
|
Pennetta |
Pierluigi |
|
|
Born in Teramo |
(TE) |
on 09/06/1959 |
- Fiscal Code : PNNPLG59H09L103J |
|
|
Residence: |
R.lanciani |
, 26 |
- 66100 |
Chieti |
(CH) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Receiver |
11/04/2013 |
|
|
Raimondi |
Lucio |
|
|
Born in Chieti |
(CH) |
on 12/04/1957 |
- Fiscal Code : RMNLCU57D12C632E |
|
|
Residence: |
Filippo Rega |
, 4 |
- 66100 |
Chieti |
(CH) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Receiver |
11/04/2013 |
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.
|
|
Bodo |
Paolo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Alcado S.p.a. |
Castrezzato (BS) - IT - |
00285160172 |
Director |
Withdrawn |
Bankrupt |
|
Alcado S.p.a. |
Castrezzato (BS) - IT - |
00285160172 |
Managing Director |
Withdrawn |
Bankrupt |
|
Macro S.r.l. |
Milano (MI) - IT - |
02456190285 |
Sole Director |
- |
Bankrupt |
|
BODO MERCHANDISING DI PAOLO BODO |
OCCHIEPPO INFERIORE (VC) - IT - |
BDOPLA41R10R859U |
Proprietor |
Withdrawn |
Registered |
|
Paolo Bodo E Co. S.r.l. |
Milano (MI) - IT - |
04949540159 |
Sole Director |
Withdrawn |
Registered |
|
Paolo Bodo E Co. S.r.l. |
Milano (MI) - IT - |
04949540159 |
Liquidator |
Withdrawn |
Registered |
|
Multimoda Network S.p.a. |
Milano (MI) - IT - |
12813670150 |
Director |
Withdrawn |
Bankrupt |
|
Multi Moda Active Spa |
Milano (MI) - IT - |
13076800153 |
Director |
Withdrawn |
Ceased |
|
BODO-SVILUPPI IMMOBILIARI E SPORTIVI DIPAOLO BODO eamp; C. - S.A.S. |
Occhieppo Superiore (BI) - IT - |
01659300022 |
General Partner |
Withdrawn |
Registered |
|
Gestioni Innovative S.r.l. |
Biella (BI) - IT - |
02075040028 |
Board Chairman |
Withdrawn |
Registered |
|
H.C.C. EUROPE S.R.L. |
Genova (GE) - IT - |
01328210990 |
Sole Director |
Withdrawn |
Registered |
|
Sixty Distribution S.r.l. |
Roma (RM) - IT - |
12038631003 |
Sole Director |
Active |
Registered |
|
Refrigiwear Distribution S.r.l. |
Roma (RM) - IT - |
12414321005 |
Sole Director |
Active |
Registered |
|
|
Gentile |
Domenico |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Primum Health Italia S.r.l. |
Montesilvano (PE) - IT - |
02054570680 |
Director |
Active |
Registered |
|
Primum Health Italia S.r.l. |
Montesilvano (PE) - IT - |
02054570680 |
Board Chairman |
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 |
|
Sixty S.a. |
3.484.000 .Eur |
49,62 |
||
|
Sixty International S.a. |
3.146.000 .Eur |
44,81 |
||
|
Crescent Hydepark European Opportunities Fund I |
390.000 .Eur |
5,55 |
Firm's
location and structure
|
- |
Legal and operative seat |
since 13/12/1991 |
|
Erasmo Piaggio |
, 35 |
- 66100 |
- Chieti |
(CH) |
- IT - |
|
Total Surface: 50 Sq.mt. |
|
PHONE |
: 08715891 |
|
FAX |
: 0871562496 |
|
Email |
: SIXTY@LEGALMAIL.IT |
|
- |
Branch |
(Factory) |
since 01/11/1993 |
until 22/12/2010 |
|
Piaggio |
, 35 |
- 66100 |
- Chieti |
(CH) |
- IT - |
|
- |
Branch |
(Store) |
since 02/02/2004 |
until 01/07/1999 |
|
Mammarella |
, 36 |
- 66100 |
- Chieti |
(CH) |
- IT - |
|
- |
Branch |
(Sales office) |
since 06/05/1991 |
until 02/04/2002 |
|
Penne, |
, 127 |
- 66100 |
- Chieti |
(CH) |
- IT - |
|
Total Surface: 50 Sq.mt. |
|
- |
Branch |
(Store) |
since 01/11/1998 |
until 15/11/1999 |
|
Marino Turchi |
- 66100 |
- Chieti |
(CH) |
- IT - |
|
- |
Branch |
(office) |
since 03/05/1999 |
until 10/05/2013 |
|
Marino Turchi |
, 25 |
- 66100 |
- Chieti |
(CH) |
- IT - |
|
- |
Branch |
(Store) |
since 15/12/1999 |
until 30/06/2004 |
|
Penne |
, 139/A |
- 66100 |
- Chieti |
(CH) |
- IT - |
|
- |
Branch |
(Store) |
since 16/06/2003 |
until 30/06/2004 |
|
Piaggio |
, 28 |
- 66100 |
- Chieti |
(CH) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 17/09/2007 |
|
Penne |
, 127 |
- 66100 |
- Chieti |
(CH) |
- IT - |
|
- |
Branch |
(Store) |
since 18/04/2012 |
|
Marino Turchi |
, 25 |
- 66100 |
- Chieti |
(CH) |
- IT - |
|
- |
Branch |
(Store) |
since 05/09/2008 |
|
Case Bruciate |
, SN |
- 65010 |
- Collecorvino |
(PE) |
- IT - |
|
- |
Branch |
(Store) |
since 05/12/2011 |
|
Dell' Industria |
, 8/12 |
- 37060 |
- Sona |
(VR) |
- IT - |
|
Employees |
: 336 |
|
Fittings and Equipment for a value of 800.000 |
Eur |
|
Stocks for a value of 8.850.000 |
Eur |
Trade organization: direct or by agents.
The company sells in Italy and abroad.
Transports are mainly done using own vehicles and third parties ones
The company supplies wholesalers and retailers.
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export trade is the 25 % of the global turnover.
Products abroad are placed by :
|
- importers |
|
- its own agents |
Subject generally proposes terms of sale between 30 and 60 days.
Financial means used for sale: bank transfers and bank orders.
Purchase terms: 60-90-120 days.
Main used payment modalities are by cash orders and bank transfers.
Import comes generally from the following nations:
|
- Germany |
|
- Belgium |
|
- Spain |
|
- Greece |
|
- France |
|
- Great Britain |
Export is mainly towards:
|
- Italy |
|
- Austria |
|
- Belgium |
|
- France |
|
- Greece |
|
- Ireland |
The subject firm uses the following own selling brands:
|
- Murphy eamp; Nye |
|
- Killah |
|
- Miss Sixty |
|
- Energie |
|
- Roberta di Camerino |
|
- Barracuda |
|
- Sixty |
|
- Richlu |
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 |
25/05/1995 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Sixty S.r.l. |
Sixty S.p.A. |
25/05/1995 |
EX-MEMBERS / EX-POSITIONS:
|
|
Gemma |
Sergio |
|
|
Born in Roma |
(RM) |
on 26/03/1937 |
- Fiscal Code : GMMSRG37C26H501D |
|
|
Residence: |
Di Villa Patrizi |
, 13 |
- 00161 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Chairman of the Board of Aud. |
|
|
Cantalamessa |
Carlo |
|
|
Born in Colli del Tronto |
(AP) |
on 23/11/1960 |
- Fiscal Code : CNTCRL60S23C877E |
|
|
Residence: |
Vittorio Emanuele |
, 13 |
- 63100 |
Ascoli Piceno |
(AP) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
|
Pellegrini |
Silvia |
|
|
Born in Brescia |
(BS) |
on 20/01/1969 |
- Fiscal Code : PLLSLV69A60B157M |
|
|
Residence: |
Ripamonti Giuseppe |
, 227 |
- 20100 |
Milano |
(MI) |
- IT - |
|
Ex-Postions |
|
Director |
|
Manager |
|
|
Velluto |
Mirco |
|
|
Born in Pescara |
(PE) |
on 24/01/1974 |
- Fiscal Code : VLLMRC74A24G482E |
|
|
Residence: |
S. Maria |
, 12 |
- 65010 |
Brittoli |
(PE) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Hassan |
Vittorio |
|
|
Born in Libia |
( ) |
on 28/07/1955 |
- Fiscal Code : HSSVTR55L28Z326J |
|
|
Residence: |
Merulana |
, 13 |
- 00119 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Director |
|
Board Chairman |
|
|
Bongiovanni |
Pietro |
|
|
Born in Roma |
(RM) |
on 26/10/1946 |
- Fiscal Code : BNGPTR46R26H501E |
|
|
Residence: |
Cortina D Ampezzo |
, 60 |
- 00135 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Managing Director |
|
Director |
|
|
Tavoletti |
Ernesto |
|
|
Born in Ascoli Piceno |
(AP) |
on 10/07/1971 |
- Fiscal Code : TVLRST71L10A462B |
|
|
Residence: |
Vittorio Emanuele |
, 13 |
- 63100 |
Ascoli Piceno |
(AP) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Di Russo |
Antonio |
|
|
Born in PIANELLA |
(PE) |
on 05/03/1944 |
- Fiscal Code : DRSNTN44C05G555O |
|
|
Residence: |
V. VENETO |
, 55 |
- 65100 |
Pescara |
(PE) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
|
|
Sala |
Giulio |
|
|
Born in Foggia |
(FG) |
on 12/06/1965 |
- Fiscal Code : SLAGLI65H12D643K |
|
|
Residence: |
Archiano |
, 21 |
- 00199 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Director |
|
Manager |
|
|
Trischitta |
Rocco |
|
|
Born in Roma |
(RM) |
on 15/02/1968 |
- Fiscal Code : TRSRCC68B15H501U |
|
|
Residence: |
Simone Simoni |
, 7 |
- 00136 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Rossi |
Renato |
|
|
Born in Frosinone |
(FR) |
on 12/04/1953 |
- Fiscal Code : RSSRNT53D12D810R |
|
|
Residence: |
Dell'olgiata |
, 15 |
- 00100 |
Roma |
(RM) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Managing Director |
|
Managing Director |
|
Director |
|
|
Guccione |
Maurizio |
|
|
Born in Avezzano |
(AQ) |
on 26/06/1949 |
- Fiscal Code : GCCMRZ49H26A515Q |
|
|
Residence: |
Patini |
, 60 |
- 65100 |
Pescara |
(PE) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
Director |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
|
, 64010 |
, Colonnella |
(TE) |
- IT - |
|
|
Fiscal Code: 01593720673 |
|
|
Date |
Merging/splitting-up project: |
22/06/2005 |
|
|
The firm absorbed by merging of |
|
|
|
|
, 64010 |
, Colonnella |
(TE) |
- IT - |
|
|
Fiscal Code: 01593720673 |
|
|
Date |
: |
25/10/2005 |
|
|
Project of merging by taking over of |
|
|
|
|
Case Bruciate |
, 65010 |
, Collecorvino |
(PE) |
- IT - |
|
|
Fiscal Code: 01327340939 |
|
|
Date |
Merging/splitting-up project: |
28/06/2007 |
|
|
The firm absorbed by merging of |
|
|
|
|
Tiburtina Km. 208+800 |
, 65024 |
, Manoppello |
(PE) |
- IT - |
|
|
Fiscal Code: 01377370448 |
|
|
Date |
: |
25/09/2007 |
|
|
Project of merging by taking over of |
|
|
|
|
Roma |
, 48 |
, 64010 |
, Colonnella |
(TE) |
- IT - |
|
|
Fiscal Code: 01571960671 |
|
|
Date |
Merging/splitting-up project: |
29/06/2009 |
|
|
The firm absorbed by merging of |
|
|
|
|
Roma |
, 48 |
, 64010 |
, Colonnella |
(TE) |
- IT - |
|
|
Fiscal Code: 01571960671 |
|
|
Date |
: |
21/12/2009 |
|
|
Project of merging by taking over of |
|
|
|
|
Case Bruciate |
, SNC |
, 65010 |
, Collecorvino |
(PE) |
- IT - |
|
|
Fiscal Code: 01242040689 |
|
|
Date |
Merging/splitting-up project: |
25/03/2010 |
|
|
Resolution of merging of |
|
|
|
|
Case Bruciate |
, SNC |
, 65010 |
, Collecorvino |
(PE) |
- IT - |
|
|
Fiscal Code: 01242040689 |
|
|
Date |
: |
09/04/2010 |
|
|
The firm absorbed by merging of |
|
|
|
|
Case Bruciate |
, SNC |
, 65010 |
, Collecorvino |
(PE) |
- IT - |
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|
Fiscal Code: 01242040689 |
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|
Date |
: |
18/06/2010 |
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|
The firm absorbed by merging of |
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Tiburtina Km. 208+800 |
, 65024 |
, Manoppello |
(PE) |
- IT - |
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Fiscal Code: 01377370448 |
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|
Date |
: |
18/12/2007 |
Protests
Protests checking on the subject firm has given a negative result.
Data
Base Prejudicial Events Search
Search performed on a National Scale
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Prejudicial Events Search Result: |
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Prejudicial Events found with cancellations* |
Legal Mortgage on 29/08/2007. for an amount of 362.125 Euro.
Event writing-off
|
EQUITALIA PRAGMA SPA |
Search performed on a specialized data base.
*Concerns also partially erased events.
Legal
Procedures
In the name of the firm we report the following events:
Composition with creditors since 15/10/2013
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Communications linked to procedures |
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Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
UNICREDIT BANCA D'IMPRESA S.P.A. |
PESCARA |
CORSO UMBERTO I ,55 |
65100 |
Pescara (PE) |
3226 |
15400 |
|
BANCA POPOLARE DI ANCONA |
FILIALE DI PESCARA |
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Banca Popolare di Vicenza |
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MONTE DEI PASCHI DI SIENA SPA |
1030 |
0 |
Financial
and Economical Analysis
The company is active since 1991
An eco-fin analysis has been made on the base od the b/s fo the years
2010, 2011 and 2012.
From a financial point of view, losses have been registered during the
last years. During the last financial years the downward trend in the turnover
caused the a.m. losses.
The return on investment in the last financial year was negative
(-353,28%).
The operating loss is equal to Eur. -281.896.921.
It has been registered a negative gross operating margin value of (Eur.
-80.394.120).
Unbalanced financial position : net worth does not cover debts; the
gearing ratio is in fact high which tends upward.
The amount of equity capital is lower than the economic results; the
shareholders funds are equal to Eur. -335.991.755.
Total indebtedness was equal to Eur. 375.385.791 (Eur. 1.867.201 was the
value of m/l term debts) , a more or less stable value.
Payments average period is high and higher than the sector.
Liquid assets are not adequatel to subject's needs.
As to due from customers, the average terms are 18,55 days. , that compared
to the sector's average is shorter.
Managerial cash flow has a minus sign and is equal to Eur. -147.552.000.
In the last financial year labour cost was of Eur. 14.376.106, with a
4,09% incidence on total costs of production. , whereas the incidence of such
costs on sales revenues is equal to 12,26%.
The incidence percentage of financial charges on sales volume is equal
to -10,81%.
The presence of detrimental items, apart from the financial-economic
analysis, makes the company not suitable for business transactions on credit
basis.
Financial
Data
|
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
117.235.862 |
|
Profit (Loss) for the period |
-349.054.801 |
|
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
213.873.288 |
|
Profit (Loss) for the period |
-62.489.484 |
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
292.634.886 |
|
Profit (Loss) for the period |
-48.087.556 |
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
359.901.384 |
|
Profit (Loss) for the period |
-31.760.840 |
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
452.092.078 |
|
Profit (Loss) for the period |
-19.519.472 |
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 |
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- Balance Sheet as at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1 |
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PROFIT AND LOSS ACCOUNTS |
|
VALUE OF PRODUCTION |
|||
|
. Revenues from sales and services |
117.235.862 |
213.873.288 |
292.634.886 |
|
. Changes in work in progress |
-49.928.630 |
-9.055.742 |
-20.652.444 |
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. Changes in semi-manufact. products |
|||
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. Capitalization of internal work |
|||
|
. Other income and revenues |
1.924.610 |
3.021.999 |
4.266.336 |
|
. . Contributions for operating expenses |
1.905.348 |
21.757 |
23.013 |
|
. . Different income and revenues |
19.262 |
3.000.242 |
4.243.323 |
|
Total value of production |
69.231.842 |
207.839.545 |
276.248.778 |
|
PRODUCTION COSTS |
|||
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. Raw material,other materials and consum. |
54.684.567 |
112.219.688 |
127.364.997 |
|
. Services received |
52.658.796 |
84.834.346 |
100.662.349 |
|
. Leases and rentals |
5.130.345 |
5.876.097 |
7.386.559 |
|
. Payroll and related costs |
14.376.106 |
19.443.803 |
21.739.814 |
|
. . Wages and salaries |
10.291.429 |
13.963.072 |
15.596.274 |
|
. . Social security contributions |
2.993.124 |
4.165.352 |
4.657.808 |
|
. . Employee termination indemnities |
1.054.670 |
1.144.405 |
1.220.299 |
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. . Pension and similar |
|||
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. . Other costs |
36.883 |
170.974 |
265.433 |
|
. Amortization and depreciation |
201.502.801 |
6.484.784 |
18.861.755 |
|
. . Amortization of intangible fixed assets |
303.655 |
312.158 |
708.192 |
|
. . Amortization of tangible fixed assets |
1.867.537 |
2.278.721 |
2.645.138 |
|
. . Depreciation of tangible fixed assets |
35.721.338 |
||
|
. . Writedown of current receiv.and of liquid |
163.610.271 |
3.893.905 |
15.508.425 |
|
. Changes in raw materials |
20.816.361 |
3.343.596 |
2.559.641 |
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. Provisions to risk reserves |
280.000 |
||
|
. Other provisions |
|||
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. Other operating costs |
1.959.787 |
820.692 |
679.394 |
|
Total production costs |
351.128.763 |
233.303.006 |
279.254.509 |
|
Diff. between value and cost of product. |
-281.896.921 |
-25.463.461 |
-3.005.731 |
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FINANCIAL INCOME AND EXPENSE |
|||
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. Income from equity investments |
213.654 |
||
|
. . In subsidiary companies |
|||
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. . In associated companies |
|||
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. . In other companies |
|||
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. Other financial income |
202.386 |
364.547 |
154.511 |
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. . Financ.income from receivables |
154.511 |
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. . . Towards subsidiary companies |
|||
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. . . Towards associated companies |
|||
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. . . Towards holding companies |
|||
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. . . Towards other companies |
|||
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. . Financ.income from secur. t.f.assets |
577 |
238 |
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. . Financ.income from secur. cur.assets |
|||
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. . Financ.income other than the above |
|||
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. . . - Subsidiary companies |
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. . . - Associated companies |
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. . . - Holding companies |
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. . . - Other companies |
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. Interest and other financial expense |
-12.873.982 |
-14.476.736 |
-2.993.692 |
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. . Towards subsidiary companies |
|||
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. . Towards associated companies |
|||
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. . Towards holding companies |
|||
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. . Towards other companies |
|||
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Total financial income and expense |
-12.671.596 |
-14.112.189 |
-2.625.527 |
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ADJUSTMENTS TO FINANCIAL ASSETS |
|||
|
. Revaluations |
1.077.016 |
628.600 |
|
|
. . Of equity investments |
1.077.016 |
628.600 |
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. . Of financ.fixed assets not repres.E.I. |
|||
|
. . Of securities incl.among current assets |
|||
|
. Devaluation |
-22.438.776 |
-27.877.989 |
-33.712.749 |
|
. . Of equity investments |
-22.438.776 |
-27.873.156 |
-33.712.749 |
|
. . Of financial fixed assets (no equity inv) |
-4.833 |
||
|
. . Of securities included among current ass |
|||
|
Total adjustments to financial assets |
-22.438.776 |
-26.800.973 |
-33.084.149 |
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EXTRAORDINARY INCOME AND EXPENSE |
|||
|
. Extraordinary income |
5.407.959 |
1.759.034 |
1.645.785 |
|
. . Gains on disposals |
|||
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. . Other extraordinary income |
5.407.959 |
1.759.034 |
1.645.785 |
|
. Extraordinary expense |
-3.273.819 |
-9.791.402 |
-10.920.002 |
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. . Losses on disposals |
|||
|
. . Taxes relating to prior years |
|||
|
. . Other extraordinary expense |
-3.273.819 |
-9.791.402 |
-10.920.002 |
|
Total extraordinary income and expense |
2.134.140 |
-8.032.368 |
-9.274.217 |
|
Results before income taxes |
-314.873.153 |
-74.408.991 |
-47.989.624 |
|
. Taxes on current income |
34.181.648 |
-11.919.507 |
97.932 |
|
. . current taxes |
2.100.537 |
2.757.459 |
|
|
. . differed taxes(anticip.) |
34.181.648 |
-14.020.044 |
-2.659.527 |
|
. Net income for the period |
-349.054.801 |
-62.489.484 |
-48.087.556 |
|
. Adjustments in tax regulations pursuance |
|||
|
. Provisions in tax regulations pursuance |
|||
|
. Profit (loss) of the year |
-349.054.801 |
-62.489.484 |
-48.087.556 |
|
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 |
0,46 |
0,21 |
0,20 |
0,14 |
|
Elasticity Ratio |
Units |
0,54 |
0,79 |
0,80 |
0,84 |
|
Availability of stock |
Units |
0,11 |
0,20 |
0,23 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,43 |
0,58 |
0,57 |
0,53 |
|
Quick Ratio |
Units |
0,20 |
0,04 |
0,02 |
0,03 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
n.c. |
25,37 |
11,20 |
3,78 |
|
Self Financing Ratio |
Units |
n.c. |
0,03 |
0,07 |
0,17 |
|
Capital protection Ratio |
Units |
n.c. |
5,25 |
2,37 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,01 |
0,02 |
0,04 |
0,14 |
|
Financing |
Units |
n.c. |
26,78 |
11,88 |
4,55 |
|
Permanent Indebtedness Ratio |
Units |
n.c. |
0,05 |
0,11 |
0,33 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,02 |
0,03 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
n.c. |
18,32 |
7,20 |
1,26 |
|
CORRELATION |
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|
Fixed assets ratio |
Units |
n.c. |
0,24 |
0,54 |
1,87 |
|
Current ratio |
Units |
0,12 |
0,89 |
0,94 |
1,17 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,09 |
0,66 |
0,67 |
0,79 |
|
Structure's primary quotient |
Units |
n.c. |
0,16 |
0,37 |
1,13 |
|
Treasury's primary quotient |
Units |
0,04 |
0,04 |
0,03 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
n.c. |
3002,00 |
1354,89 |
587,75 |
|
Current Capital ( net ) |
Value |
-330.342.133 |
-37.000.494 |
-21.462.547 |
209.248 |
|
RETURN |
|||||
|
Return on Sales |
% |
-125,86 |
-26,19 |
-9,99 |
2,26 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
n.c. |
-478,37 |
-160,55 |
3,48 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
n.c. |
-569,61 |
-160,22 |
12,19 |
|
Return on Investment ( R.O.I. ) |
% |
-353,28 |
-6,49 |
-0,74 |
3,83 |
|
Return/ Sales |
% |
-240,45 |
-11,91 |
-1,03 |
3,45 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
n.c. |
n.c. |
20,46 |
|
Cash Flow |
Value |
-147.552.000 |
-56.004.700 |
-29.225.801 |
50.400 |
|
Operating Profit |
Value |
-281.896.921 |
-25.463.461 |
-3.005.731 |
68.610 |
|
Gross Operating Margin |
Value |
-80.394.120 |
-18.698.677 |
15.856.024 |
124.742 |
|
MANAGEMENT |
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|
Credits to clients average term |
Days |
18,55 |
197,71 |
82,36 |
120,68 |
|
Debts to suppliers average term |
Days |
343,82 |
127,19 |
147,97 |
115,81 |
|
Average stock waiting period |
Days |
27,18 |
133,98 |
113,17 |
78,40 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,47 |
0,55 |
0,72 |
1,14 |
|
Rate of stock return |
Units |
13,25 |
2,69 |
3,18 |
4,57 |
|
Labour cost incidence |
% |
12,26 |
9,09 |
7,43 |
12,27 |
|
Net financial revenues/ charges incidence |
% |
-10,81 |
-6,60 |
-0,90 |
-1,84 |
|
Labour cost on purchasing expenses |
% |
4,09 |
8,33 |
7,78 |
12,16 |
|
Short-term financing charges |
% |
3,43 |
4,14 |
0,84 |
3,35 |
|
Capital on hand |
% |
68,06 |
183,36 |
138,68 |
87,41 |
|
Sales pro employee |
Value |
292.358 |
483.876 |
715.488 |
245.343 |
|
Labour cost pro employee |
Value |
35.850 |
43.990 |
53.153 |
32.046 |
Remarks
1) Protests checking (relative to the last five years) performed by
crossing and matching the members names and the Firm's Style with the reported addresses,
is supplied by the Informatic Registry managed by the Italian Chamber of
Commerce. If the fiscal code is not indicated, the eventual homonymous cases
are submitted to expert staff evaluation in order to limit wrong matching
risks.
2) The Legal Data, supplied and retrived from the Firm's Registry of the
Italian Chamber of Commerce, are in line with the last registered
modifications.
3) Risk evaluation and Credit Opinion have been performed on the base of
the actual data at the moment of their availability.
Market
/ Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expences 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 864 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 116 dd.
The sector's profitability is on an average of 2,26%.
The labour cost affects the turnover in the measure of 12,27%.
Goods are held in stock in a range of 78 dd.
The difference between the sales volume and the resources used to
realize it is about 1,14.
The employees costs represent the 12,16% 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 11.587 protested subjects are found; in the province they
count to 3.035.
The insolvency index for the region is 0,90, , while for the province it
is 0,79.
Total Bankrupt companies in the province : 1.253.
Total Bankrupt companies in the region : 5.123.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.05 |
|
|
1 |
Rs.101.32 |
|
Euro |
1 |
Rs.83.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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|
Report Prepared
by : |
NNA |
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.