MIRA INFORM REPORT

 

 

Report Date :

08.05.2014

 

IDENTIFICATION DETAILS

 

Name :

CLARIANT PRODOTTI (ITALIA) SPA

 

 

Registered Office :

Via Vittor Pisani, 20,

20124 – Milano (MI)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

26.06.2006

 

 

Legal Form :

Joint stock company with sole shareholder

 

 

Line of Business :

Manufacture of paints, varnishes and similar coatings, printing ink and synthetic adhesives

 

 

No. of Employees :

from 176 to 200

 

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

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

 

CLARIANT PRODOTTI (ITALIA) SPA

 

Via Vittor Pisani, 20

 

20124 – Milano (MI) -IT-

 

 

Summary

 

Fiscal Code

:

05355290965

Legal Form

:

Joint stock company with sole shareholder

start of Activities

:

03/07/2006

Equity

:

Over 2.582.254

Turnover Range

:

75.000.000/100.000.000

Number of Employees

:

from 176 to 200

Group

:

Clariant

 

 

Activity

 

Manufacture of paints, varnishes and similar coatings, printing ink and synthetic adhesives

 

 

Legal Data

 

Legal Form : Joint stock company with sole shareholder

Fiscal Code : 05355290965

 

Foreign Trade Reg. no. : MI356747 since 05/07/2006

 

Chamber of Commerce no. : 173379 of Avellino

 

Chamber of Commerce no. : 470181 of Genova

 

Chamber of Commerce no. : 1815299 of Milano since 03/07/2006

 

Chamber of Commerce no. : 232436 of Novara

 

Chamber of Commerce no. : 170156 of Pisa

 

Chamber of Commerce no. : 1049579 of Torino

 

Chamber of Commerce no. : 340794 of Vicenza

 

Firms' Register : MI-2006-172675 of Milano

 

Establishment date

: 26/06/2006

Start of Activities

: 03/07/2006

Legal duration

: 31/12/2040

Nominal Capital

: 1.000.000

Subscribed Capital

: 1.000.000

Paid up Capital

: 1.000.000

Members

 

Rampinini

Giuseppe

 

Born in Marnate

(VA)

on 17/02/1955

- Fiscal Code : RMPGPP55B17E965X

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

15/10/2010

 

No Prejudicial events are reported

 

No Protests registered

 

Cavassi

Alessandro

 

Born in Grado

(GO)

on 31/01/1959

- Fiscal Code : CVSLSN59A31E125P

 

Residence:

Vittor Pisani

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

23/04/2012

 

Peroni

Angelo

 

Born in Busto Arsizio

(VA)

on 21/12/1956

- Fiscal Code : PRNNGL56T21B300T

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

03/07/2006

 

No Prejudicial events are reported

 

No Protests registered

 

Oniga

Angelo

 

Born in Milano

(MI)

on 25/04/1948

- Fiscal Code : NGONGL48D25F205I

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

03/07/2006

 

No Prejudicial events are reported

 

No Protests registered

 

Galbiati

Elio

 

Born in Monza

(MB)

on 19/04/1952

- Fiscal Code : GLBLEI52D19F704Z

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

03/07/2006

 

No Prejudicial events are reported

 

No Protests registered

 

Grandi

Maurizio

 

Born in Como

(CO)

on 25/06/1952

- Fiscal Code : GRNMRZ52H25C933V

 

Residence:

Vittor Pisani

, 16

- 20100

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

01/07/2010

 

No Prejudicial events are reported

 

No Protests registered

 

Corbetta

Dario

 

Born in Lecco

(CO)

on 18/05/1955

- Fiscal Code : CRBDRA55E18E507K

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

03/07/2006

 

No Prejudicial events are reported

 

No Protests registered

 

Merati

Maurizio Gianpaolo

 

Born in Monza

(MB)

on 02/05/1955

- Fiscal Code : MRTMZG55E02F704X

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

03/07/2006

 

No Prejudicial events are reported

 

No Protests registered

 

Clariant (Italia) S.p.a.

 

 

Residence:

Vittor Pisani

, 20

- 20100

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole partner

 

No Prejudicial events are reported

 

No Protests registered

 

Cantone

Alberto

 

Born in Galliate

(NO)

on 05/05/1962

- Fiscal Code : CNTLRT62E05D872N

 

Residence:

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

24/10/2011

Director

23/04/2012

Managing Director

23/04/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Capuzzi

Sergio

 

Born in Milano

(MI)

on 18/03/1956

- Fiscal Code : CPZSRG56C18F205M

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

03/07/2006

Responsible technician

 

No Prejudicial events are reported

 

No Protests registered

 

Gamarino

Roberta

 

Born in Casale Monferrato

(AL)

on 29/01/1969

- Fiscal Code : GMRRRT69A69B885Q

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

03/07/2006

 

No Prejudicial events are reported

 

No Protests registered

 

Marin Rojas

Jose' Luis

 

Born in Citta' Del Messico

( )

on 27/11/1963

- Fiscal Code : MRNJLS63S27Z514B

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

03/07/2006

 

No Prejudicial events are reported

 

No Protests registered

 

Cavallo

Davide Adriano

 

Born in Torino

(TO)

on 14/02/1972

- Fiscal Code : CVLDDD72B14L219G

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

15/10/2010

 

No Prejudicial events are reported

 

No Protests registered

 

Piatti

Stefano

 

Born in Tradate

(VA)

on 02/10/1970

- Fiscal Code : PTTSFN70R02L319U

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

15/10/2010

 

No Prejudicial events are reported

 

No Protests registered

 

Fantoni

Alessandro

 

Born in Milano

(MI)

on 14/07/1967

- Fiscal Code : FNTLSN67L14F205F

 

Residence:

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

01/04/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Iaconelli

Giuseppina

 

Born in Milano

(MI)

on 25/06/1966

- Fiscal Code : CNLGPP66H65F205W

 

Residence:

Vittor Pisani

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

15/10/2010

 

No Prejudicial events are reported

 

No Protests registered

 

Casale

Bruno

 

Born in Chivasso

(TO)

on 23/02/1956

- Fiscal Code : CSLBRN56B23C665J

 

Residence:

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

18/06/2013

Attorney with special power

18/06/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Tesch

Michael Christoph

 

Born in Baden Baden

( )

on 28/03/1962

- Fiscal Code : TSCMHL62C28Z112V

 

Residence:

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

30/03/2012

Procurator

30/03/2012

Board Chairman

29/03/2013

Director

29/03/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Di Stefano

Davide

 

Born in Cesano Maderno

(MB)

on 16/04/1965

- Fiscal Code : DSTDVD65D16C566E

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

03/07/2006

 

No Prejudicial events are reported

 

No Protests registered

 

Giudetti

Angelo

 

Born in Taranto

(TA)

on 22/04/1960

- Fiscal Code : GDTNGL60D22L049H

 

Residence:

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

30/03/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Votino

Domenico

 

Born in Palermo

(PA)

on 31/07/1969

- Fiscal Code : VTNDNC69L31G273A

 

Residence:

Lodovico Muratori

, 29

- 20135

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

02/12/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Lipari

Mario

 

Born in Varese

(VA)

on 16/11/1967

- Fiscal Code : LPRMRA67S16L682G

 

Residence:

Vittor Pisani

, 16

- 20100

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

21/11/2008

 

No Prejudicial events are reported

 

No Protests registered

 

Moresca

Daniela

 

Born in Milano

(MI)

on 22/05/1968

- Fiscal Code : MRSDNL68E62F205R

 

Residence:

Vittor Pisani

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

15/10/2010

 

No Prejudicial events are reported

 

No Protests registered

 

Bartoli

Anna Maria

 

Born in Pavia

(PV)

on 02/10/1967

- Fiscal Code : BRTNMR67R42G388C

 

Residence:

Vittor Pisani

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

24/03/2009

 

No Prejudicial events are reported

 

No Protests registered

 

Grillo

Silvia Piera Angela

 

Born in Milano

(MI)

on 13/10/1969

- Fiscal Code : GRLSVP69R53F205Q

 

Residence:

Vittor Pisani

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

23/06/2010

 

No Prejudicial events are reported

 

No Protests registered

 

Pratesi

Samuele

 

Born in Firenze

(FI)

on 20/09/1976

- Fiscal Code : PRTSML76P20D612E

 

Residence:

Vittor Pisani

, 16

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

23/06/2010

 

No Prejudicial events are reported

 

No Protests registered

 

Woerndle

Alexander

 

Born in Wolfratshausen

( )

on 24/07/1976

- Fiscal Code : WRNLND76L24Z112G

 

Residence:

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

20/11/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Parletta

Carmine

 

Born in Avellino

(AV)

on 08/08/1977

- Fiscal Code : PRLCMN77M08A509W

 

Residence:

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

07/11/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Durr

Uwe

 

Born in Nuernberg

( )

on 22/04/1969

- Fiscal Code : DRRWUE69D22Z112N

 

Residence:

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

18/06/2013

Attorney with special power

01/07/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Loi

Francesco

 

Born in Cagliari

(CA)

on 07/08/1956

- Fiscal Code : LOIFNC56M07B354K

 

Residence:

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

18/06/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Zedda

Massimo

 

Born in Cagliari

(CA)

on 03/04/1963

- Fiscal Code : ZDDMSM63D03B354T

 

Residence:

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

18/06/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Giampietri

Maurizio

 

Born in Pontremoli

(MS)

on 19/12/1959

- Fiscal Code : GMPMRZ59T19G870K

 

Residence:

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

18/06/2013

 

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.

 

Clariant (Italia) S.p.a.

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Clariant Masterbatches (italia) Spa

Milano (MI) - IT -

11649230155

Sole partner

Active

Registered

Italtinto S.r.l.

Milano (MI) - IT -

01807730997

Sole partner

Active

Registered

 

Cantone

Alberto

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Hodgsons Italia S.r.l.

Milano (MI) - IT -

12223890158

Procurator

Withdrawn

Merged

 

Tesch

Michael Christoph

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Cws-boco Italia S.p.a.

Lacchiarella (MI) - IT -

00826650152

Director

Withdrawn

Registered

Cws-boco Italia S.p.a.

Lacchiarella (MI) - IT -

00826650152

Procurator

Withdrawn

Registered

Cws-boco Italia S.p.a.

Lacchiarella (MI) - IT -

00826650152

Memb.of the Executive Committee

Withdrawn

Registered

Societa' Sarda Di Bentonite S.r.l., In Breve Ssb S.r.l.

Santa Giusta (OR) - IT -

01055730921

Director

Active

Registered

Societa' Sarda Di Bentonite S.r.l., In Breve Ssb S.r.l.

Santa Giusta (OR) - IT -

01055730921

Board Chairman

Active

Registered

Clariant Masterbatches (italia) Spa

Milano (MI) - IT -

11649230155

Managing Director

Active

Registered

Clariant Masterbatches (italia) Spa

Milano (MI) - IT -

11649230155

Director

Active

Registered

Clariant Masterbatches (italia) Spa

Milano (MI) - IT -

11649230155

Attorney with special power

Active

Registered

EUROSEI REGGIANI SPA

Reggio Emilia (RE) - IT -

01610590356

Director

Withdrawn

Registered

Sued - Chemie Catalysts Italia S.r.l., In Breve Scci S.r.l.

Novara (NO) - IT -

11807290157

Director

Active

Registered

Clariant (Italia) S.p.a.

Milano (MI) - IT -

08054500015

Managing Director

Active

Registered

Clariant (Italia) S.p.a.

Milano (MI) - IT -

08054500015

Director

Active

Registered

Clariant (Italia) S.p.a.

Milano (MI) - IT -

08054500015

Procurator

Active

Registered

Clariant (Italia) S.p.a.

Milano (MI) - IT -

08054500015

Board Chairman

Active

Registered

Italtinto S.r.l.

Milano (MI) - IT -

01807730997

Managing Director

Active

Registered

Italtinto S.r.l.

Milano (MI) - IT -

01807730997

Director

Active

Registered

Italtinto S.r.l.

Milano (MI) - IT -

01807730997

Responsible technician

Active

Registered

Sud - Chemie Imic Italia S.r.l.

Silvano Pietra (PV) - IT -

02281720181

Director

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

Clariant (Italia) S.p.a.

Milano - IT -

08054500015

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

Consorzio Depuratore Di Santa Croce Sull 'arno S.p.a.

Santa Croce sull'Arno - IT -

00652790502

103 .Eur

Active

Consorzio Recupero Cromo S.p.a.

Santa Croce sull'Arno - IT -

00492250501

249 .Eur

0,02

Active



Firm's location and structure

 

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

 

-

Legal and operative seat

 

Vittor Pisani

, 20

- 20100

- Milano

(MI)

- IT -

 

-

Branch

since 03/07/2006

 

Manzoni

, 37

- 20037

- Paderno Dugnano

(MI)

- IT -

 

PHONE

: 02363161

 

FAX

: 029103712

 

-

Branch

(Warehouse)

since 07/02/2007

 

Petrarca

, 6

- 20020

- Robecchetto Con Induno

(MI)

- IT -

 

-

Branch

(Warehouse)

since 01/07/2010

 

Del Platano

, 5/7

- 56022

- Castelfranco di Sotto

(PI)

- IT -

 

-

Branch

(Warehouse)

since 01/07/2010

 

Dell'industria

, 48

- 36071

- Arzignano

(VI)

- IT -

 

-

Branch

(Store)

since 01/07/2010

 

Starzo Arco Torre

, SNC

- 83029

- Solofra

(AV)

- IT -

 

-

Branch

(Factory)

since 01/01/2014

 

Zibido

, 3

- 20080

- Zibido San Giacomo

(MI)

- IT -

 

-

Branch

(Warehouse)

since 01/01/2014

 

Piani

, 82

- 16042

- Carasco

(GE)

- IT -

 

-

Branch

(Factory)

since 01/07/2013

 

Giacomo Fauser

, 36/B

- 28100

- Novara

(NO)

- IT -

 

Employees

: 185

 

Active partners

: 21

 

Fittings and Equipment for a value of 3.350.000

Eur

 

Stocks for a value of 12.080.000

Eur

 

 


Historical Information and/or Firm's Status

 

EX-MEMBERS / EX-POSITIONS:

 

Rampinini

Giuseppe

 

Born in Marnate

(VA)

on 17/02/1955

- Fiscal Code : RMPGPP55B17E965X

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Taglioretti

Luigi

 

Born in Busto Arsizio

(VA)

on 17/04/1947

- Fiscal Code : TGLLGU47D17B300Q

 

Residence:

Piani

, 82

- 16042

Carasco

(GE)

- IT -

 

Ex-Postions

Board Chairman

Director

 

Piolini

Augusto

 

Born in Milano

(MI)

on 15/12/1943

- Fiscal Code : PLNGST43T15F205E

 

Residence:

Traiano Marco Ulpio

, 18

- 20149

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Grandi

Maurizio

 

Born in Como

(CO)

on 25/06/1952

- Fiscal Code : GRNMRZ52H25C933V

 

Residence:

Vittor Pisani

, 16

- 20100

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Clavenna

Angelo

 

Born in Rho

(MI)

on 03/10/1952

- Fiscal Code : CLVNGL52R03H264S

 

Residence:

Traiano Marco Ulpio

, 18

- 20149

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Cortesi

Giovanni

 

Born in Scanzorosciate

(BG)

on 16/07/1948

- Fiscal Code : CRTGNN48L16I506S

 

Residence:

Traiano Marco Ulpio

, 18

- 20149

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Gabelli

Gabriele

 

Born in Varano De' Melegari

(PR)

on 02/09/1944

- Fiscal Code : GBLGRL44P02L672A

 

Residence:

Vittor Pisani

, 16

- 20124

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Giannini

Gabriella

 

Born in Villanterio

(PV)

on 30/06/1954

- Fiscal Code : GNNGRL54H70L994J

 

Residence:

Traiano Marco Ulpio

, 18

- 20149

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Kussmaul

Ulrich

 

Born in Kirchheim / Teck

( )

on 24/06/1949

 

Residence:

Hebelstrasse

, 134

Basel 4053

- DE -

 

Ex-Postions

Director

 

Wester

Norbert

 

Born in Linz Am Rhein

( )

on 29/12/1951

 

Residence:

Robert Stolz - Strasse

, 132

D- 65812 Bad Soden Amtaunus

- DE -

 

Ex-Postions

Director

 

Strebel

Dominik

 

Born in Muri Ag

( )

on 13/07/1963

- Fiscal Code : STRDNK63L13Z133H

 

Residence:

Piani

, 82

- 16042

Carasco

(GE)

- IT -

 

Ex-Postions

Attorney with special power

Responsible technician

 

Cavallo

Davide Adriano

 

Born in Torino

(TO)

on 14/02/1972

- Fiscal Code : CVLDDD72B14L219G

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Piatti

Stefano

 

Born in Tradate

(VA)

on 02/10/1970

- Fiscal Code : PTTSFN70R02L319U

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Esnault

Patrice

 

Born in Viroflay

( )

on 24/12/1956

- Fiscal Code : SNLPRC56T24Z110V

 

Residence:

Piani

, 82

- 16042

Carasco

(GE)

- IT -

 

Ex-Postions

Attorney with special power

Technical Manager

 

Rampinini

Giuseppe

 

Born in Marnate

(VA)

on 17/02/1955

- Fiscal Code : RMPGPP55B17E965X

 

Residence:

Pisani Vittor

, 16

- 20124

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Blaser

Monika

 

Born in Langnau Im Emmental

( )

on 06/12/1984

- Fiscal Code : BLSMNK84T46Z133A

 

Residence:

Vittor Pisani

, 16

- 20124

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Heilmann-cozzio

Katrin

 

Born in Teufen

( )

on 16/02/1967

- Fiscal Code : HLMKRN67B56Z133Y

 

Residence:

Vittor Pisani

, 16

- 20124

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Muller

Roman Torsten

 

Born in Sackingen

( )

on 07/11/1960

- Fiscal Code : MLLRNT60S07Z112I

 

Residence:

Vittor Pisani

, 16

- 20124

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Martini

Oscar

 

Born in Milano

(MI)

on 17/07/1970

- Fiscal Code : MRTSCR70L17F205V

 

Residence:

Vittor Pisani

, 16

- 20124

Milano

(MI)

- IT -

 

Ex-Postions

Procurator

 

Diana

Caterina

 

Born in Udine

(UD)

on 06/05/1968

- Fiscal Code : DNICRN68E46L483S

 

Residence:

Vittor Pisani

, 16

- 20124

Milano

(MI)

- IT -

 

Ex-Postions

Procurator

 

Saxer

Matthias Beat

 

Born in Sevelen

( )

on 14/09/1966

 

Residence:

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Seita

Roberto

 

Born in Vercelli

(VC)

on 20/02/1952

- Fiscal Code : STERRT52B20L750G

 

Residence:

Vittor Pisani

, 16

- 20124

Milano

(MI)

- IT -

 

Ex-Postions

Assistant Manager

Managing Director

Director

 

CEASINGS/INCORPORATIONS/MERGES:

 

Project of merging by taking over of

 

Clariant Distribuzione (italia) Spa

 

Vittor Pisani

, 16

, 20124

, Milano

(MI)

- IT -

 

Fiscal Code: 05355300962

 

Date

Merging/splitting-up project:

01/03/2010

 

The firm absorbed by merging of

 

Clariant Distribuzione (italia) Spa

 

Vittor Pisani

, 16

, 20124

, Milano

(MI)

- IT -

 

Fiscal Code: 05355300962

 

Date

:

18/06/2010

 

Project of merging by taking over of

 

Sued - Chemie Catalysts Italia S.r.l., In Breve Scci S.r.l.

 

Giacomo Fauser

, 36/B

, 28100

, Novara

(NO)

- IT -

 

Fiscal Code: 11807290157

 

Date

Merging/splitting-up project:

01/03/2013

 

The firm absorbed by merging of

 

Sued - Chemie Catalysts Italia S.r.l., In Breve Scci S.r.l.

 

Giacomo Fauser

, 36/B

, 28100

, Novara

(NO)

- IT -

 

Fiscal Code: 11807290157

 

Date

:

01/07/2013

 

Project of merging by taking over of

 

Italtinto S.r.l.

 

Vittor Pisani

, 20

, 20124

, Milano

(MI)

- IT -

 

Fiscal Code: 01807730997

 

Date

Merging/splitting-up project:

23/07/2013

 

The firm absorbed by merging of

 

Italtinto S.r.l.

 

Vittor Pisani

, 20

, 20124

, Milano

(MI)

- IT -

 

Fiscal Code: 01807730997

 

Date

:

02/12/2013



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 2006.

Balance sheets for the years 2010, 2011 and 2012 were analyzed.

Under the financial profile unstable results are noted. with a loss in the last financial year. The turnover is falling if compared with the previous financial year (eamp;FAT1eamp;%).

A loss is registered as to the operating result (-1,16%).

The operating result is negative (Eur. -785.687).

The G.O.M. amounted to Eur. 3.392.152 with a 59,93% increase as opposed to the preceding year.

From a financial aspect the company's status covers total short-term debts; the indebtedness volume in 2012 is in fact 0,55 but slighlty increasing.

It's shareholders funds amount to Eur. 39.617.367 , unchanged as opposed to the preceding year.

Total debts (both short and M/L term) equals Eur. 21.790.215, showing a stable trend as opposed to 2011 (Eur. 19.779.691).

Bank exsposure is limited and the suppliers' credit is modest too, 56,07 gg. is the payment average period which is also lower than the sector average.

The liquidity level is positive (2,24).

On average trade credits are collected in 71,8 days. , shorter than the sector's average.

As far as the cash flow is concerned during the latest financial year it amounted to Eur. 1.682.375

Labour cost expenses amount to Eur. 9.101.576 , representing 8,48% on the total of production costs. , whereas the incidence on sales revenues is of 9,73%.

If compared to the sales volume (-0,12%), the impact of the financial charges is limited.

 

 

Financial Data

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

93.557.788

Profit (Loss) for the period

-857.114

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

101.457.943

Profit (Loss) for the period

-2.520.285

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

184.836.541

Profit (Loss) for the period

12.792.778

 

Complete balance-sheet for the year

al 31/12/2009

(in Eur

x 1)

 

Item Type

Value

Sales

28.987.597

Profit (Loss) for the period

-110.953



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

266.524

399.786

533.048

. . Research,develop. and advert.expens.

. . Industrial patent rights

. . Concessions,licenses,trademarks,etc.

17.998

3.536

7.075

. . Goodwill

937.962

1.071.957

1.205.951

. . Assets in formation and advance paymen.

1.328.276

146.691

392.340

. . Other intangible fixed assets

392.340

392.340

. Total Intangible Fixed Assets

2.943.100

2.014.310

2.138.414

. TANGIBLE FIXED ASSETS

. . Real estate

9.897.897

10.546.929

10.642.799

. . Plant and machinery

3.314.524

3.549.700

3.158.741

. . Industrial and commercial equipment

38.193

44.085

12.689

. . Other assets

368.577

323.997

243.747

. . Assets under construction and advances

2.252.683

849.499

1.535.750

. Total Tangible fixed assets

15.871.874

15.314.210

15.593.726

. FINANCIAL FIXED ASSETS

. . Equity investments

12.566

12.566

12.566

. . . Equity invest. in subsidiary companies

. . . Equity invest. in associated companies

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

12.566

12.566

12.566

. . Financial receivables

11.467

12.265

11.406

. . . . Within 12 months

. . . . Beyond 12 months

11.467

12.265

11.406

. . . Receivab due from subsidiaries

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from assoc.comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from third parties

11.467

12.265

11.406

. . . . Within 12 months

. . . . Beyond 12 months

11.467

12.265

11.406

. . Other securities

. . Own shares

. . . Total nominal value

. Total financial fixed assets

24.033

24.831

23.972

Total fixed assets

18.839.007

17.353.351

17.756.112

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

2.016.940

2.051.689

2.025.763

. . Work in progress and semimanufactured

466.137

415.088

484.895

. . Work in progress on order

. . Finished goods

9.599.921

8.756.580

6.836.905

. . Advance payments

. Total Inventories

12.082.998

11.223.357

9.347.563

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

35.454.401

36.409.823

48.959.601

. . Beyond 12 months

1.286.690

1.337.365

1.326.775

. . Trade receivables

18.660.408

23.479.329

24.743.183

. . . . Within 12 months

18.660.408

23.479.329

24.743.183

. . . . Beyond 12 months

. . Receivables due from subsid. comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from holding comp.

1.962.328

129.021

18.474.376

. . . . Within 12 months

1.962.328

129.021

18.474.376

. . . . Beyond 12 months

. . Fiscal Receivables

55

493.521

56.159

. . . . Within 12 months

55

493.521

56.159

. . . . Beyond 12 months

. . Receivables for anticipated taxes

1.307.069

1.339.461

1.342.413

. . . . Within 12 months

20.379

2.096

15.638

. . . . Beyond 12 months

1.286.690

1.337.365

1.326.775

. . Receivables due from third parties

14.811.231

12.305.856

5.670.245

. . . . Within 12 months

14.811.231

12.305.856

5.670.245

. . . . Beyond 12 months

. Total Credits not held as fixed assets

36.741.091

37.747.188

50.286.376

. 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

70.074

278.702

200.341

. . Checks

. . Banknotes and coins

10.934

12.758

6.697

. Total Liquid funds

81.008

291.460

207.038

Total current assets

48.905.097

49.262.005

59.840.977

ADJUSTMENT ACCOUNTS

. Discount on loans

. Other adjustment accounts

139.577

195.374

173.180

Total adjustments accounts

139.577

195.374

173.180

TOTAL ASSETS

67.883.681

66.810.730

77.770.269

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

1.000.000

1.000.000

1.000.000

. Additional paid-in capital

368.898

368.898

368.898

. Revaluation reserves

1.059.071

1.059.071

1.059.071

. Legal reserve

200.000

200.000

200.000

. Reserve for Own shares

. Statute reserves

. Other reserves

24.040.210

26.560.495

26.530.085

. Accumulated Profits (Losses)

13.806.302

13.806.302

1.043.934

. Profit( loss) of the year

-857.114

-2.520.285

12.792.778

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

39.617.367

40.474.481

42.994.766

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

. . Taxation fund, also differed

2.206.650

2.000.000

. . Other funds

2.465.685

2.810.777

2.542.617

Total Reserves for Risks and Charges

4.672.335

4.810.777

2.542.617

Employee termination indemnities

1.790.261

1.728.300

1.929.053

ACCOUNTS PAYABLE

. . . . Within 12 months

21.790.215

19.779.691

30.288.215

. . . . Beyond 12 months

. . 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

133.416

6.306

. . . . Within 12 months

133.416

6.306

. . . . Beyond 12 months

. . Due to other providers of finance

. . . . Within 12 months

. . . . Beyond 12 months

. . Advances from customers

. . . . Within 12 months

. . . . Beyond 12 months

. . Trade payables

13.253.568

10.311.834

12.213.836

. . . . Within 12 months

13.253.568

10.311.834

12.213.836

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to associated companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to holding companies

1.268.352

1.918.201

5.407.750

. . . . Within 12 months

1.268.352

1.918.201

5.407.750

. . . . Beyond 12 months

. . Due to the tax authorities

335.594

317.793

258.737

. . . . Within 12 months

335.594

317.793

258.737

. . . . Beyond 12 months

. . Due to social security and welfare inst.

668.953

662.927

1.052.587

. . . . Within 12 months

668.953

662.927

1.052.587

. . . . Beyond 12 months

. . Other payables

6.130.332

6.568.936

11.348.999

. . . . Within 12 months

6.130.332

6.568.936

11.348.999

. . . . Beyond 12 months

Total accounts payable

21.790.215

19.779.691

30.288.215

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

13.503

17.481

15.618

Total adjustment accounts

13.503

17.481

15.618

TOTAL LIABILITIES

67.883.681

66.810.730

77.770.269

 

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

93.557.788

101.457.943

184.836.541

. Changes in work in progress

836.255

551.677

2.805.616

. Changes in semi-manufact. products

. Capitalization of internal work

113.774

148.036

70.143

. Other income and revenues

11.979.812

10.560.590

9.415.137

. . Contributions for operating expenses

. . Different income and revenues

11.979.812

10.560.590

9.415.137

Total value of production

106.487.629

112.718.246

197.127.437

PRODUCTION COSTS

. Raw material,other materials and consum.

63.585.052

70.426.520

163.802.309

. Services received

27.963.541

29.712.485

19.270.383

. Leases and rentals

1.688.802

1.733.706

1.406.714

. Payroll and related costs

9.101.576

9.471.848

9.206.263

. . Wages and salaries

6.300.420

6.145.898

6.477.834

. . Social security contributions

2.109.149

2.109.050

2.143.446

. . Employee termination indemnities

493.593

495.062

496.566

. . Pension and similar

. . Other costs

198.414

721.838

88.417

. Amortization and depreciation

2.539.489

2.540.304

3.519.206

. . Amortization of intangible fixed assets

279.795

270.795

1.370.839

. . Amortization of tangible fixed assets

2.011.379

1.909.017

1.846.908

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

248.315

360.492

301.459

. Changes in raw materials

-23.386

-1.324.118

-3.473.550

. Provisions to risk reserves

1.638.350

2.000.000

. Other provisions

. Other operating costs

779.892

576.856

560.556

Total production costs

107.273.316

115.137.601

194.291.881

Diff. between value and cost of product.

-785.687

-2.419.355

2.835.556

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

4.011

76.841

59.978

. . 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

-116.023

-106.569

-47.717

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

Total financial income and expense

-112.012

-29.728

12.261

ADJUSTMENTS TO FINANCIAL ASSETS

. Revaluations

. . Of equity investments

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

. . Of securities incl.among current assets

. Devaluation

. . Of equity investments

. . Of financial fixed assets (no equity inv)

. . Of securities included among current ass

Total adjustments to financial assets

EXTRAORDINARY INCOME AND EXPENSE

. Extraordinary income

344.315

67.563

16.841.630

. . Gains on disposals

16.841.630

. . Other extraordinary income

344.315

67.563

. Extraordinary expense

-59

. . Losses on disposals

. . Taxes relating to prior years

-59

. . Other extraordinary expense

Total extraordinary income and expense

344.256

67.563

16.841.630

Results before income taxes

-553.443

-2.381.520

19.689.447

. Taxes on current income

303.671

138.765

6.896.669

. . current taxes

271.279

135.813

5.783.733

. . differed taxes(anticip.)

32.392

2.952

1.112.936

. Net income for the period

-857.114

-2.520.285

12.792.778

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

-857.114

-2.520.285

12.792.778

 

 

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

0,28

0,26

0,23

0,29

Elasticity Ratio

Units

0,72

0,74

0,77

0,70

Availability of stock

Units

0,18

0,17

0,12

0,16

Total Liquidity Ratio

Units

0,54

0,57

0,65

0,51

Quick Ratio

Units

0,00

0,00

0,00

0,02

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

0,55

0,48

0,70

1,70

Self Financing Ratio

Units

0,58

0,61

0,55

0,25

Capital protection Ratio

Units

1,00

1,04

0,68

0,74

Liabilities consolidation quotient

Units

0,08

0,09

0,06

0,25

Financing

Units

0,55

0,49

0,70

2,65

Permanent Indebtedness Ratio

Units

0,61

0,63

0,58

0,47

M/L term Debts Ratio

Units

0,03

0,03

0,02

0,15

Net Financial Indebtedness Ratio

Units

0,00

0,00

0,00

1,09

CORRELATION

Fixed assets ratio

Units

2,20

2,43

2,53

1,41

Current ratio

Units

2,24

2,49

1,98

1,33

Acid Test Ratio-Liquidity Ratio

Units

1,69

1,92

1,67

1,01

Structure's primary quotient

Units

2,10

2,33

2,42

0,80

Treasury's primary quotient

Units

0,00

0,01

0,01

0,03

Rate of indebtedness ( Leverage )

%

171,35

165,07

180,88

397,48

Current Capital ( net )

Value

27.114.882

29.482.314

29.552.762

426.243

RETURN

Return on Sales

%

1,80

0,02

8,83

4,43

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

%

-2,16

-6,23

29,75

2,69

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

%

-1,40

-5,88

45,79

7,32

Return on Investment ( R.O.I. )

%

-1,16

-3,62

3,65

3,84

Return/ Sales

%

-0,84

-2,38

1,53

4,21

Extra Management revenues/charges incid.

%

n.c.

n.c.

451,16

38,95

Cash Flow

Value

1.682.375

20.019

16.311.984

207.698

Operating Profit

Value

-785.687

-2.419.355

2.835.556

192.997

Gross Operating Margin

Value

3.392.152

2.120.949

6.354.762

422.876

MANAGEMENT

Credits to clients average term

Days

71,80

83,31

48,19

130,87

Debts to suppliers average term

Days

56,07

43,22

34,39

110,41

Average stock waiting period

Days

46,49

39,82

18,21

50,99

Rate of capital employed return ( Turnover )

Units

1,38

1,52

2,38

1,00

Rate of stock return

Units

7,74

9,04

19,77

7,04

Labour cost incidence

%

9,73

9,34

4,98

13,96

Net financial revenues/ charges incidence

%

-0,12

-0,03

0,01

-1,78

Labour cost on purchasing expenses

%

8,48

8,23

4,74

14,31

Short-term financing charges

%

0,53

0,54

0,16

2,92

Capital on hand

%

72,56

65,85

42,08

100,22

Sales pro employee

Value

329.428

101.457.943

644.029

280.328

Labour cost pro employee

Value

32.047

9.471.848

32.077

35.422

 

 

Remarks

 

1) Protests checking (relative to the last five years) performed by crossing and matching the members names and the Firm's Style with the reported addresses, is supplied by the Informatic Registry managed by the Italian Chamber of Commerce. If the fiscal code is not indicated, the eventual homonymous cases are submitted to expert staff evaluation in order to limit wrong matching risks.

 

2) The Legal Data, supplied and retrived from the Firm's Registry of the Italian Chamber of Commerce, are in line with the last registered modifications.

 

3) Risk evaluation and Credit Opinion have been performed on the base of the actual data at the moment of their availability.

 

 

Market / Territory Data

 

Population living in the province

:

3.839.216

Population living in the region

:

9.393.092

Number of families in the region

:

3.858.736

 

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

 

- per food products

:

460

- per non food products

:

2.090

- per energy consume

:

114

 

 

Sector Data

 

The values are calculated on a base of 329 significant companies.

 

The companies cash their credits on an average of 131 dd.

The average duration of suppliers debts is about 110 dd.

The sector's profitability is on an average of 4,43%.

The labour cost affects the turnover in the measure of 13,96%.

Goods are held in stock in a range of 51 dd.

The difference between the sales volume and the resources used to realize it is about 1,00.

The employees costs represent the 14,31% of the production costs.

 

 

Statistical Detrimental Data

 

Statistically the trade activity shows trifling crises.

The area is statistically considered lowly risky.

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

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

Total Bankrupt companies in the province : 22.523.

Total Bankrupt companies in the region : 39.612.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.04

UK Pound

1

Rs.101.97

Euro

1

Rs.83.58

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

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.