MIRA INFORM REPORT

 

 

Report Date :

09.05.2014

 

IDENTIFICATION DETAILS

 

Name :

RADICI CHIMICA S.P.A.

 

 

Registered Office :

Via Giuseppe Verdi, 11,

24121- Bergamo (BG) 

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

19.05.1986

 

 

Legal Form :

Joint stock company with sole shareholder

 

 

Line of Business :

Manufacturer of various chemical products for industrial usage (including antidetonating and anti-freeze preparations)

 

 

No of Employees :

from 251 to 500 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 :

Slow But Correct 

 

 

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

 

Radici Chimica S.p.a.

 

Via Giuseppe Verdi, 11

 

24121 - Bergamo (BG) -IT-

 

 

Summary

 

Fiscal Code

:

08101160151

Legal Form

:

Joint stock company with sole shareholder

start of Activities

:

19/05/1986

Equity

:

Over 2.582.254

Turnover Range

:

over 129.114.224

Number of Employees

:

from 251 to 500

 

 

Activity

 

Manufacturer of various chemical products for industrial usage (including antidetonating and anti-freeze preparations)

 

 

Legal Data

 

Legal Form : Joint stock company with sole shareholder

Fiscal Code : 08101160151

 

Foreign Trade Reg. no. : BG014044 since 31/12/1991

 

Foreign Trade Reg. no. : 14044 of Bergamo since 31/12/1991

 

Foreign Trade Reg. no. : 014044 of Bergamo since 31/12/1991

 

Chamber of Commerce no. : 230124 of Bergamo since 30/07/1986

 

Chamber of Commerce no. : 1314685 of Milano

 

Chamber of Commerce no. : 1769259 of Milano

 

Chamber of Commerce no. : 153762 of Novara since 29/09/1986

 

Chamber of Commerce no. : 283892 of Varese

 

Chamber of Commerce no. : 191413 of Verbania

 

Firms' Register : BG024-29686 of Bergamo since 19/02/1996

 

V.A.T. Code : 01709360166

 

Tribunal Co. Register : 29686 of

 

Foundation date

: 21/11/1985

Establishment date

: 21/11/1985

Start of Activities

: 19/05/1986

Legal duration

: 31/12/2030

Nominal Capital

: 20.500.000

 

Subscribed Capital

: 20.500.000

 

Paid up Capital

: 20.500.000

 



Members

 

Radici Partecipazioni S.p.a.

 

 

 

 

 

Residence:

 

Verdi

, 11

- 24121

Bergamo

(BG)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole partner

19/12/2011

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Radici

Angelo

 

 

Born in Bergamo

(BG)

on 26/08/1951

- Fiscal Code : RDCNGL51M26A794J

 

 

Residence:

 

Miravalle

, 20

- 24026

Leffe

(BG)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

27/05/2013

 

 

Board Chairman

27/05/2013

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Radici

Maurizio

 

 

Born in Leffe

(BG)

on 10/06/1955

- Fiscal Code : RDCMRZ55H10E509G

 

 

Residence:

 

Gaetano Donizetti

, 15

- 24129

Bergamo

(BG)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

27/05/2013

 

 

Assistant board Chairman

27/05/2013

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Gerolla

Luigi

 

 

Born in Castell'Alfero

(AT)

on 21/05/1956

- Fiscal Code : GRLLGU56E21C127D

 

 

Residence:

 

Querena

, 44

- 24023

Clusone

(BG)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

27/05/2013

 

 



Gritti

Nicola Felice

 

 

Born in Nembro

(BG)

on 04/04/1949

- Fiscal Code : GRTNLF49D04F864L

 

 

Residence:

 

Salesiane

, 10

- 24022

Alzano Lombardo

(BG)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

01/12/2004

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Cerina

Maurizio

 

 

Born in Novara

(NO)

on 01/01/1963

- Fiscal Code : CRNMRZ63A01F952M

 

 

Residence:

 

Verdi

, 11

- 24100

Bergamo

(BG)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

26/02/2010

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Calia

Ottavio

 

 

Born in Bergamo

(BG)

on 05/11/1968

- Fiscal Code : CLATTV68S05A794Y

 

 

Residence:

 

Cavalcanti

, 12

- 24035

Mozzo

(BG)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

26/07/2005

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Meloncelli

Silvia

 

 

Born in Gazzaniga

(BG)

on 11/10/1969

- Fiscal Code : MLNSLV69R51D952H

 

 

Residence:

 

Piane

, 28

- 24020

Premolo

(BG)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

03/10/2007

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Gazzini

Pio

 

 

Born in Rovereto

(CR)

on 19/01/1960

- Fiscal Code : GZZPIO60A19H612V

 

 

Residence:

 

G.modena

, 41

- 38065

Mori

(TN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

12/12/2008

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Radici Partecipazioni S.p.a.

 

 

 

 

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.

 

Radici Partecipazioni S.p.a.

 

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Radici Tessuti S.r.l. In Liquidazione

Gandino (BG) - IT -

00221610165

Sole partner

-

In liquidation

Tessiture Pietro Radici - S.p.a.

Gandino (BG) - IT -

00792910150

Sole partner

Active

Registered

Radici Immobiliare S.p.a.

Gandino (BG) - IT -

01688790169

Sole partner

Active

Registered

Noyfil S.p.a.

Chignolo d'Isola (BG) - IT -

02604870168

Sole partner

Active

Registered

 

Radici

Angelo

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Somet Societa' Meccanica Tessile S.p.a.

Colzate (BG) - IT -

00229080163

Director

Withdrawn

Ceased

Somet Societa' Meccanica Tessile S.p.a.

Colzate (BG) - IT -

00229080163

Managing Director

Withdrawn

Ceased

Radicifin S.a.p.a. Di Paolo Partecipazioni S.r.l. Unip. Angelo Radici Partecipa

Bergamo (BG) - IT -

01612320166

Director

Withdrawn

Registered

Radicifin S.a.p.a. Di Paolo Partecipazioni S.r.l. Unip. Angelo Radici Partecipa

Bergamo (BG) - IT -

01612320166

Limited Partner

Active

Registered

Radicifin S.a.p.a. Di Paolo Partecipazioni S.r.l. Unip. Angelo Radici Partecipa

Bergamo (BG) - IT -

01612320166

Managing Director

Withdrawn

Registered

Radicifin S.a.p.a. Di Paolo Partecipazioni S.r.l. Unip. Angelo Radici Partecipa

Bergamo (BG) - IT -

01612320166

Board Chairman

Withdrawn

Registered

Radici Tessuti S.r.l. In Liquidazione

Gandino (BG) - IT -

00221610165

Director

Withdrawn

In liquidation

Tessiture Pietro Radici - S.p.a.

Gandino (BG) - IT -

00792910150

Director

Active

Registered

Tessiture Pietro Radici - S.p.a.

Gandino (BG) - IT -

00792910150

Sole Director

Withdrawn

Registered

Tessiture Pietro Radici - S.p.a.

Gandino (BG) - IT -

00792910150

Board Chairman

Active

Registered

Radici Novacips S.p.a.

Chignolo d'Isola (BG) - IT -

00917130163

Director

Active

Registered

Radici Novacips S.p.a.

Chignolo d'Isola (BG) - IT -

00917130163

Sole Director

Withdrawn

Registered

Radici Novacips S.p.a.

Chignolo d'Isola (BG) - IT -

00917130163

Board Chairman

Active

Registered

Radici Yarn S.p.a.

Bergamo (BG) - IT -

01594710160

Director

Active

Registered

Radici Yarn S.p.a.

Bergamo (BG) - IT -

01594710160

Assistant board Chairman

Active

Registered

Radici Yarn S.p.a.

Bergamo (BG) - IT -

01594710160

Board Chairman

Withdrawn

Registered

Noy Ambiente S.p.a.

Segrate (MI) - IT -

01376750137

Sole Director

Withdrawn

Registered

Gruppo Tessile Radici S.p.a.

Bergamo (BG) - IT -

01554570166

Director

Withdrawn

Registered

Gruppo Tessile Radici S.p.a.

Bergamo (BG) - IT -

01554570166

Assistant board Chairman

Withdrawn

Registered

Societa' Industriale Cremonese Sicrem SpA Enunciabile Anche In Forma Abbreviata

Pizzighettone (CR) - IT -

02015940287

Director

Withdrawn

Registered

Radicifil S.p.a.

Bergamo (BG) - IT -

01956990160

Director

Active

Registered

Radicifil S.p.a.

Bergamo (BG) - IT -

01956990160

Assistant board Chairman

Active

Registered

Radici Service S.p.a.

Bergamo (BG) - IT -

00373100163

Sole Director

Withdrawn

In liquidation

Gorispac S.r.l. - In Liquidazione

Bergamo (BG) - IT -

00435170311

Director

Withdrawn

Registered

Gorispac S.r.l. - In Liquidazione

Bergamo (BG) - IT -

00435170311

Sole Director

Withdrawn

Registered

Gorispac S.r.l. - In Liquidazione

Bergamo (BG) - IT -

00435170311

Assistant board Chairman

Withdrawn

Registered

Artenius Italia Spa

San Giorgio di Nogaro (UD) - IT -

01616420301

Director

Withdrawn

Bankrupt

Societa' Elettrica Radici S.p.a.

Bergamo (BG) - IT -

01554580165

Director

Active

Registered

Eutron S.p.a.

Treviolo (BG) - IT -

01805190160

Director

Withdrawn

Registered

Geoenergie S.p.a.

Bergamo (BG) - IT -

00998130165

Director

Active

Registered

Geoenergie S.p.a.

Bergamo (BG) - IT -

00998130165

Procurator

Withdrawn

Registered

Geoenergie S.p.a.

Bergamo (BG) - IT -

00998130165

Board Chairman

Active

Registered

Val Lesina S.p.a.

Andalo Valtellino (SO) - IT -

01676390162

Director

Withdrawn

Ceased

Savio Macchine Tessili S.p.a.

Pordenone (PN) - IT -

01291010930

Director

Withdrawn

Registered

Radici Partecipazioni S.p.a.

Bergamo (BG) - IT -

00644560161

Director

Active

Registered

Radici Partecipazioni S.p.a.

Bergamo (BG) - IT -

00644560161

Managing Director

Withdrawn

Registered

Radici Partecipazioni S.p.a.

Bergamo (BG) - IT -

00644560161

Board Chairman

Active

Registered

Itema Holding S.p.a.

Colzate (BG) - IT -

01574930168

Director

Withdrawn

Ceased

Itema Holding S.p.a.

Colzate (BG) - IT -

01574930168

Board Chairman

Withdrawn

Registered

Radicifibres S.p.a.

Bergamo (BG) - IT -

00919330167

Director

Active

Registered

Radicifibres S.p.a.

Bergamo (BG) - IT -

00919330167

Board Chairman

Active

Registered

I.r.t.a. S.p.a.

Castione della Presolana (BG) - IT -

02125200168

Director

Active

Registered

Eutron Infosecurity S.r.l.

Treviolo (BG) - IT -

02342130164

Director

Withdrawn

Merged

Banca Di Bergamo S.p.a.

Bergamo (BG) - IT -

02348370160

Director

Withdrawn

Ceased

Teleradiodiffusioni Bergamasche S.r.l.

Bergamo (BG) - IT -

00626270169

Director

Active

Registered

Teleradiodiffusioni Bergamasche S.r.l.

Bergamo (BG) - IT -

00626270169

Board Chairman

Active

Registered

Gefira S.p.a.

Bergamo (BG) - IT -

00977650167

Director

Active

Registered

Gefira S.p.a.

Bergamo (BG) - IT -

00977650167

Board Chairman

Active

Registered

Radici Chem.fin S.p.a.

Gandino (BG) - IT -

02500260167

Sole Director

Withdrawn

Ceased

Radici Immobiliare S.p.a.

Gandino (BG) - IT -

01688790169

Sole Director

Active

Registered

Gruppo Radici S.p.a.

Bergamo (BG) - IT -

01957400169

Director

Withdrawn

Registered

Geogreen S.p.a.

Bergamo (BG) - IT -

01833520164

Director

Active

Registered

Geogreen S.p.a.

Bergamo (BG) - IT -

01833520164

Board Chairman

Active

Registered

Banca Popolare Di Intra S.p.a.

Verbania (VB) - IT -

00118720036

Director

Withdrawn

Registered

Novel S.p.a.

Bergamo (BG) - IT -

08527840154

Director

Withdrawn

Ceased

Novel S.p.a.

Bergamo (BG) - IT -

08527840154

Sole Director

Withdrawn

Ceased

Novel S.p.a.

Bergamo (BG) - IT -

08527840154

Assistant board Chairman

Withdrawn

Ceased

Noyfil S.p.a.

Chignolo d'Isola (BG) - IT -

02604870168

Director

Active

Registered

Noyfil S.p.a.

Chignolo d'Isola (BG) - IT -

02604870168

Procurator

Withdrawn

Registered

Radici Partecipazioni Lux S.p.a.

Bergamo (BG) - IT -

02657740169

Sole Director

Withdrawn

Ceased

CONSORZIO RADICI ACQUISTO ENERGIA PISTOIA

Bergamo (BG) - IT -

02736700168

Sole Director

Withdrawn

Registered

Banco Di Brescia San Paolo Cab Societa'Per Azioni Con Denominazione Abbreviata

Brescia (BS) - IT -

03480180177

Director

Withdrawn

Registered

Consorzio Radici Acquisto Energia Cremona In Liquidazione

Bergamo (BG) - IT -

02804210165

Liquidator

Withdrawn

Ceased

Consorzio Radici Acquisto Energia Cremona In Liquidazione

Bergamo (BG) - IT -

02804210165

Director

Withdrawn

Ceased

Radici Partecipazioni S.p.a.

Bergamo (BG) - IT -

00229000161

Director

Withdrawn

Ceased

Somet Weave Tech S.p.a.

Colzate (BG) - IT -

02768960169

Director

Withdrawn

Ceased

Promatech S.p.a.

Colzate (BG) - IT -

02770010169

Director

Withdrawn

Merged

Vamatex S.p.a.

Colzate (BG) - IT -

02771170160

Director

Withdrawn

Merged

Duemilatre S.p.a.

Bergamo (BG) - IT -

02828950168

Sole Director

Withdrawn

Registered

BERGAMO STADIO S.P.A.

- -

02828410163

Director

Withdrawn

Registered

Radici Partecipazioni S.p.a.

Bergamo (BG) - IT -

00644560161

Director

Withdrawn

Registered

Radici Partecipazioni S.p.a.

Bergamo (BG) - IT -

00644560161

Board Chairman

Withdrawn

Registered

Novel S.p.a.

Milano (MI) - IT -

03261530962

Director

Active

Registered

Novel S.p.a.

Milano (MI) - IT -

03261530962

Assistant board Chairman

Withdrawn

Registered

R E Z S.p.a.- In Liquidazione

Bergamo (BG) - IT -

02913800161

Director

Withdrawn

Ceased

R E Z S.p.a.- In Liquidazione

Bergamo (BG) - IT -

02913800161

Liquidator

Withdrawn

Ceased

Itema S.p.a.

Colzate (BG) - IT -

02915320168

Director

Active

Registered

Itema S.p.a.

Colzate (BG) - IT -

02915320168

Director

Withdrawn

Registered

Quattro Luglio S.r.l.

Bergamo (BG) - IT -

03413950167

Director

Active

Registered

Quattro Luglio S.r.l.

Bergamo (BG) - IT -

03413950167

Board Chairman

Active

Registered

Diciotto Settembre S.r.l.

Bergamo (BG) - IT -

03426840165

Director

Withdrawn

Registered

Immobiliare Cabrini S.r.l.

Clusone (BG) - IT -

03418810168

Director

Active

Registered

Valiant S.p.a.

Bergamo (BG) - IT -

03536950169

Sole Director

Withdrawn

Registered

Angelo Radici Partecipazioni S.r.l.

Bergamo (BG) - IT -

03585390168

Sole Director

Active

Registered

Angelo Radici Partecipazioni S.r.l.

Bergamo (BG) - IT -

03585390168

Sole partner

Active

Registered

Finlux S.r.l.- In Liquidazione

Bergamo (BG) - IT -

02919000162

Sole Director

Withdrawn

Ceased

Pratrivero S.p.a.

Trivero (BI) - IT -

03075090161

Director

Active

Registered

Pratrivero S.p.a.

Trivero (BI) - IT -

03075090161

Director

Withdrawn

Registered

R E R S.p.a.

Bergamo (BG) - IT -

03117170161

Sole Director

Withdrawn

Ceased

035 Investimenti S.p.a.

Bergamo (BG) - IT -

03828750160

Director

Active

Registered

 

Radici

Maurizio

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Somet Societa' Meccanica Tessile S.p.a.

Colzate (BG) - IT -

00229080163

Director

Withdrawn

Ceased

Somet Societa' Meccanica Tessile S.p.a.

Colzate (BG) - IT -

00229080163

Managing Director

Withdrawn

Ceased

Radicifin S.a.p.a. Di Paolo Partecipazioni S.r.l. Unip. Angelo Radici Partecipa

Bergamo (BG) - IT -

01612320166

Director

Withdrawn

Registered

Radicifin S.a.p.a. Di Paolo Partecipazioni S.r.l. Unip. Angelo Radici Partecipa

Bergamo (BG) - IT -

01612320166

Attorney with special power

Withdrawn

Registered

Radicifin S.a.p.a. Di Paolo Partecipazioni S.r.l. Unip. Angelo Radici Partecipa

Bergamo (BG) - IT -

01612320166

Limited Partner

Active

Registered

M.r. 81 - S.r.l.

Bergamo (BG) - IT -

00922570163

Director

Withdrawn

Ceased

Radici Tessuti S.r.l. In Liquidazione

Gandino (BG) - IT -

00221610165

Director

Withdrawn

In liquidation

Radici Tessuti S.r.l. In Liquidazione

Gandino (BG) - IT -

00221610165

Board Chairman

Withdrawn

In liquidation

Tessiture Pietro Radici - S.p.a.

Gandino (BG) - IT -

00792910150

Director

Active

Registered

Tessiture Pietro Radici - S.p.a.

Gandino (BG) - IT -

00792910150

Attorney with special power

Withdrawn

Registered

Tessiture Pietro Radici - S.p.a.

Gandino (BG) - IT -

00792910150

Assistant board Chairman

Active

Registered

Radici Manifattura Automatica S.p.a.

Gandino (BG) - IT -

01216650166

Sole Director

Withdrawn

Merged

Polymekon S.p.a.

Bergamo (BG) - IT -

01657730154

Sole Director

Withdrawn

Ceased

M.t.m. Manifattura Tessuti Milano S.p.a.

Gandino (BG) - IT -

01243070156

Director

Withdrawn

Ceased

M.t.m. Manifattura Tessuti Milano S.p.a.

Gandino (BG) - IT -

01243070156

Sole Director

Withdrawn

Ceased

M.t.m. Manifattura Tessuti Milano S.p.a.

Gandino (BG) - IT -

01243070156

Board Chairman

Withdrawn

Ceased

Radici Novacips S.p.a.

Chignolo d'Isola (BG) - IT -

00917130163

Director

Active

Registered

Radici Novacips S.p.a.

Chignolo d'Isola (BG) - IT -

00917130163

Attorney with special power

Withdrawn

Registered

Radici Commerciale Brescia S.p.a.- In LiQuidazione

Bergamo (BG) - IT -

01787400165

Attorney with special power

Withdrawn

In liquidation

Radici Yarn S.p.a.

Bergamo (BG) - IT -

01594710160

Director

Active

Registered

Radici Yarn S.p.a.

Bergamo (BG) - IT -

01594710160

Procurator

Active

Registered

Radici Yarn S.p.a.

Bergamo (BG) - IT -

01594710160

Board Chairman

Active

Registered

Gruppo Tessile Radici S.p.a.

Bergamo (BG) - IT -

01554570166

Director

Withdrawn

Registered

Gruppo Tessile Radici S.p.a.

Bergamo (BG) - IT -

01554570166

Attorney with special power

Withdrawn

Registered

Gruppo Tessile Radici S.p.a.

Bergamo (BG) - IT -

01554570166

Board Chairman

Withdrawn

Registered

Radici Film S.p.a.

San Giorgio di Nogaro (UD) - IT -

01800660167

Director

Withdrawn

Ceased

Radici Film S.p.a.

San Giorgio di Nogaro (UD) - IT -

01800660167

Sole Director

Withdrawn

Ceased

Radici Film S.p.a.

San Giorgio di Nogaro (UD) - IT -

01800660167

Chairman and Managing Director

Withdrawn

Ceased

Societa' Industriale Cremonese Sicrem SpA Enunciabile Anche In Forma Abbreviata

Pizzighettone (CR) - IT -

02015940287

Director

Withdrawn

Registered

Societa' Industriale Cremonese Sicrem SpA Enunciabile Anche In Forma Abbreviata

Pizzighettone (CR) - IT -

02015940287

Attorney with special power

Withdrawn

Registered

Societa' Industriale Cremonese Sicrem SpA Enunciabile Anche In Forma Abbreviata

Pizzighettone (CR) - IT -

02015940287

Assistant board Chairman

Withdrawn

Registered

Radicifil S.p.a.

Bergamo (BG) - IT -

01956990160

Director

Active

Registered

Radicifil S.p.a.

Bergamo (BG) - IT -

01956990160

Sole Director

Withdrawn

Registered

Radicifil S.p.a.

Bergamo (BG) - IT -

01956990160

Board Chairman

Active

Registered

Gorispac S.r.l. - In Liquidazione

Bergamo (BG) - IT -

00435170311

Director

Withdrawn

Registered

Gorispac S.r.l. - In Liquidazione

Bergamo (BG) - IT -

00435170311

Attorney with special power

Withdrawn

Registered

Gorispac S.r.l. - In Liquidazione

Bergamo (BG) - IT -

00435170311

Board Chairman

Withdrawn

Registered

Societa' Elettrica Radici S.p.a.

Bergamo (BG) - IT -

01554580165

Director

Active

Registered

Eutron S.p.a.

Treviolo (BG) - IT -

01805190160

Director

Withdrawn

Registered

Hotel Excelsior San Marco Esercizi Grandi Alberghi S.p.a.

Bergamo (BG) - IT -

01954370167

Chairman

Withdrawn

Merged

Hotel Excelsior San Marco Esercizi Grandi Alberghi S.p.a.

Bergamo (BG) - IT -

01954370167

Board Chairman

Withdrawn

Merged

Geoenergie S.p.a.

Bergamo (BG) - IT -

00998130165

Director

Active

Registered

Geoenergie S.p.a.

Bergamo (BG) - IT -

00998130165

Sole Director

Withdrawn

Registered

Geoenergie S.p.a.

Bergamo (BG) - IT -

00998130165

Assistant board Chairman

Active

Registered

Val Lesina S.p.a.

Andalo Valtellino (SO) - IT -

01676390162

Director

Withdrawn

Ceased

Val Lesina S.p.a.

Andalo Valtellino (SO) - IT -

01676390162

Attorney with special power

Withdrawn

Ceased

Polymekon S.p.a.

Bergamo (BG) - IT -

01657730154

Sole Director

Withdrawn

Ceased

Savio Macchine Tessili S.p.a.

Pordenone (PN) - IT -

01291010930

Director

Withdrawn

Registered

Savio Macchine Tessili S.p.a.

Pordenone (PN) - IT -

01291010930

Managing Director

Withdrawn

Registered

Savio Macchine Tessili S.p.a.

Pordenone (PN) - IT -

01291010930

Board Chairman

Withdrawn

Registered

Sgat Fabrics S.p.a.

Lallio (BG) - IT -

03391190158

Director

Withdrawn

Ceased

Sgat Fabrics S.p.a.

Lallio (BG) - IT -

03391190158

Sole Director

Withdrawn

Ceased

Texpro Tre S.p.a.

Bergamo (BG) - IT -

01679210300

Procurator

Withdrawn

Ceased

Radici Partecipazioni S.p.a.

Bergamo (BG) - IT -

00644560161

Director

Active

Registered

Radici Partecipazioni S.p.a.

Bergamo (BG) - IT -

00644560161

Attorney with special power

Withdrawn

Registered

Radici Partecipazioni S.p.a.

Bergamo (BG) - IT -

00644560161

Assistant board Chairman

Active

Registered

Itema Holding S.p.a.

Colzate (BG) - IT -

01574930168

Director

Withdrawn

Registered

Radicifibres S.p.a.

Bergamo (BG) - IT -

00919330167

Director

Active

Registered

Radicifibres S.p.a.

Bergamo (BG) - IT -

00919330167

Attorney with special power

Withdrawn

Registered

Radicifibres S.p.a.

Bergamo (BG) - IT -

00919330167

Assistant board Chairman

Active

Registered

Consorzio Elettrico Radici

Bergamo (BG) - IT -

01711070167

Director

Withdrawn

Registered

Immobiliare Isabella S.r.l.

Leffe (BG) - IT -

01215810167

Sole Director

Withdrawn

Merged

Lurofin S.r.l. Unipersonale

Bergamo (BG) - IT -

01235360169

Sole Director

Active

Registered

Lurofin S.r.l. Unipersonale

Bergamo (BG) - IT -

01235360169

Sole partner

Active

Registered

Fin.ge.co. S.p.a. (financial General Consulting)

Bergamo (BG) - IT -

01032110163

Sole Director

Withdrawn

Merged

Fin.ge.co. S.p.a. (financial General Consulting)

Bergamo (BG) - IT -

01032110163

Legal Owners' representative

Withdrawn

Merged

Ubi - Insurance Broker S.r.l.

Bergamo (BG) - IT -

01934300169

Director

Withdrawn

Registered

Actea S.r.l.

Lallio (BG) - IT -

02102890163

Director

Withdrawn

Registered

PROMEDIL DUE S.P.A. IN LIQUIDAZIONE

Bergamo (BG) - IT -

02351450164

Director

Withdrawn

Registered

Ratex S.p.a.

Bergamo (BG) - IT -

01693140160

Sole Director

Withdrawn

Ceased

Rea Dalmine S.p.a.

Dalmine (BG) - IT -

02486950161

Director

Withdrawn

Registered

Radici Chem.fin S.p.a.

Gandino (BG) - IT -

02500260167

Attorney with special power

Withdrawn

Ceased

Radicifil S.p.a.

Bergamo (BG) - IT -

01471630168

Procurator

Withdrawn

Merged

Radici Immobiliare S.p.a.

Gandino (BG) - IT -

01688790169

Attorney with special power

Withdrawn

Registered

Selmar S.r.l.

Bergamo (BG) - IT -

02054620162

Limited Partner

Withdrawn

Registered

Rafin S.r.l.

Bergamo (BG) - IT -

02419570169

Sole Director

Withdrawn

Ceased

Geogreen S.p.a.

Bergamo (BG) - IT -

01833520164

Director

Active

Registered

Geogreen S.p.a.

Bergamo (BG) - IT -

01833520164

Assistant board Chairman

Active

Registered

Geogreen S.p.a.

Bergamo (BG) - IT -

01833520164

Board Chairman

Withdrawn

Registered

Dila S.r.l.

Bergamo (BG) - IT -

00849330196

Sole Director

Withdrawn

Ceased

Edizioni Sportive Di P. Satriani E C. S.d.f.

Bergamo (BG) - IT -

01258180163

Partner

Withdrawn

Ceased

Il Poggio Di Radici Maurizio Sas.

Leffe (BG) - IT -

02005850165

General Partner

Active

Registered

Excelsior S. Marco Esercizi Grandi Alberghi S.p.a.

Bergamo (BG) - IT -

00223780164

Chairman

Withdrawn

Ceased

Excelsior S. Marco Esercizi Grandi Alberghi S.p.a.

Bergamo (BG) - IT -

00223780164

Legal Owners' representative

Withdrawn

Ceased

Novel S.p.a.

Bergamo (BG) - IT -

08527840154

Director

Withdrawn

Ceased

Atalanta Bergamasca Calcio S.p.a.

Bergamo (BG) - IT -

80000130163

Director

Active

Registered

Societa' Calcio Leffe S.r.l. -in Liquidazione

Leffe (BG) - IT -

00951200161

Liquidator

Withdrawn

Ceased

U.c. Albinoleffe S.r.l.

Bergamo (BG) - IT -

02403060169

Director

Withdrawn

Registered

Noyfil S.p.a.

Chignolo d'Isola (BG) - IT -

02604870168

Director

Active

Registered

Noyfil S.p.a.

Chignolo d'Isola (BG) - IT -

02604870168

Assistant board Chairman

Active

Registered

CONSORZIO RADICI ACQUISTO ENERGIA PISTOIA

Bergamo (BG) - IT -

02736700168

Procurator

Withdrawn

Registered

Consorzio Radici Acquisto Energia - In Liquidazione

Bergamo (BG) - IT -

02736720166

Sole Director

Withdrawn

Ceased

Consorzio Radici Acquisto Energia - In Liquidazione

Bergamo (BG) - IT -

02736720166

Liquidator

Withdrawn

Ceased

Consorzio Radici Acquisto Energia Udine- In Liquidazione

Bergamo (BG) - IT -

02736710167

Sole Director

Withdrawn

Ceased

Consorzio Radici Acquisto Energia Udine- In Liquidazione

Bergamo (BG) - IT -

02736710167

Liquidator

Withdrawn

Ceased

Hotel Excelsior San Marco S.r.l.

Bergamo (BG) - IT -

02730180169

Director

Active

Registered

Hotel Excelsior San Marco S.r.l.

Bergamo (BG) - IT -

02730180169

Sole Director

Withdrawn

Registered

Hotel Excelsior San Marco S.r.l.

Bergamo (BG) - IT -

02730180169

Board Chairman

Active

Registered

CONSORZIO RADICI ACQUISTO ENERGIA MILANO

- -

02807710161

Chairman of the Steer.committee

Withdrawn

Registered

Radici Partecipazioni S.p.a.

Bergamo (BG) - IT -

00229000161

Director

Withdrawn

Ceased

Somet Weave Tech S.p.a.

Colzate (BG) - IT -

02768960169

Director

Withdrawn

Ceased

Promatech S.p.a.

Colzate (BG) - IT -

02770010169

Director

Withdrawn

Merged

Vamatex S.p.a.

Colzate (BG) - IT -

02771170160

Director

Withdrawn

Merged

S. LUCIO - ACQUE MINERALI S.R.L.

Gazzaniga (BG) - IT -

00429050164

Sole Director

Withdrawn

Registered

So.ma Finanz S.p.a. In Liquidazione

Bergamo (BG) - IT -

03415510159

Liquidator

Withdrawn

Ceased

TE.GE.CO. S.A.S. DI M. CALDANI E C. IN LIQUIDAZIONE

Bergamo (BG) - IT -

00444960488

Limited Partner

Withdrawn

Registered

CONSORZIO RADICI ACQUISTO ENERGIA GORIZIA

- -

02829490164

Director

Withdrawn

Registered

Te.ge.co. S.a.s. Di M. Caldani E C. In Liquidazione

Bergamo (BG) - IT -

00444960488

Limited Partner

Withdrawn

Ceased

Novel S.p.a.

Milano (MI) - IT -

03261530962

Director

Active

Registered

Novel S.p.a.

Milano (MI) - IT -

03261530962

Assistant board Chairman

Active

Registered

S. Lucio - Acque Minerali S.r.l.

Gazzaniga (BG) - IT -

00429050164

Sole Director

Withdrawn

Ceased

GAMA CONSULT S.R.L.

- -

02230980985

Director

Withdrawn

Registered

R E Z S.p.a.- In Liquidazione

Bergamo (BG) - IT -

02913800161

Director

Withdrawn

Ceased

Itema S.p.a.

Colzate (BG) - IT -

02915320168

Director

Active

Registered

Maurizio Radici Partecipazioni S.r.l.

Bergamo (BG) - IT -

03421900162

Sole Director

Active

Registered

Maurizio Radici Partecipazioni S.r.l.

Bergamo (BG) - IT -

03421900162

Liquidator

Withdrawn

Registered

Maurizio Radici Partecipazioni S.r.l.

Bergamo (BG) - IT -

03421900162

Sole partner

Active

Registered

RADICI FILM S.P.A.

- -

03000020168

Director

Withdrawn

Registered

RADICI FILM S.P.A.

- -

03000020168

Sole Director

Withdrawn

Registered

Consorzio Radici Idro Energia - In Liquidazione

Lallio (BG) - IT -

03040070165

Director

Withdrawn

Ceased

Consorzio Radici Idro Energia - In Liquidazione

Lallio (BG) - IT -

03040070165

Liquidator

Withdrawn

Ceased

Pratrivero S.p.a.

Trivero (BI) - IT -

03075090161

Director

Active

Registered

Pratrivero S.p.a.

Trivero (BI) - IT -

03075090161

Director

Withdrawn

Registered

Jaguar Iniziative Immobiliari S.p.a. InBreve Jaguar 2i S.p.a.

Bergamo (BG) - IT -

03075250161

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

Radici Partecipazioni S.p.a.

Bergamo - IT -

00644560161

 

100,00


direct participations

 

The Company under review has no participations in other Companies.



Firm's location and structure

 

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

 

-

Legal and operative seat

 

since 09/06/1994

 

 

 

 

 

 

Giuseppe Verdi

, 11

- 24100

- Bergamo

(BG)

- IT -

 

 

 

 

PHONE

: 035220065

 

-

Branch

(Sales office)

since 01/01/2011

 

 

 

 

 

Via Lavizzari

, 4

- Mendrisio

- IT -

 

-

Branch

 

 

 

 

 

 

 

G.fauser

, 50

- 28100

- Novara

(NO)

- IT -

 

-

Branch

(Warehouse)

since 29/11/2011

 

 

 

 

 

 

Carlo Panseri

, 118

- 28100

- Novara

(NO)

- IT -

 

 

 

 

Employees

: 318

 

Fittings and Equipment for a value of 45.680.000

Eur

 

Stocks for a value of 27.810.000

Eur

 

Sales are on an international scale.

 

The firm operates abroad as importer / exporter..

To purchase foreign products the firm uses the following channels :

 

- trading companies

 

- direct orders to foreign companies

Export represents more than 50% of the global turnover.

Products abroad are placed by :

- its own sales net-work

 

- its own agents

 

- direct orders from foreign companies

 

Export is mainly towards:

- Belgium

 

- Greece

 

- Bulgaria

 

- Poland

 

- Hungary

 

- Austria

 

- Italy

 

- France

 

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

30/07/1986

 

EX-MEMBERS / EX-POSITIONS:

 

Radici

Angelo

 

 

Born in Bergamo

(BG)

on 26/08/1951

- Fiscal Code : RDCNGL51M26A794J

 

 

Residence:

 

Miravalle

, 20

- 24026

Leffe

(BG)

- IT -

 

Ex-Postions

Board Chairman

 

Zambetti

Guido

 

 

Born in Bergamo

(BG)

on 09/03/1947

- Fiscal Code : ZMBGDU47C09A794P

 

 

Residence:

 

Guido Sylva

, 7

- 24128

Bergamo

(BG)

- IT -

 

Ex-Postions

Permanent Auditor

 

Radici

Maurizio

 

 

Born in Leffe

(BG)

on 10/06/1955

- Fiscal Code : RDCMRZ55H10E509G

 

 

Residence:

 

Gaetano Donizetti

, 15

- 24129

Bergamo

(BG)

- IT -

 

Ex-Postions

Director

Attorney with special power

 

Radici

Angelo

 

 

Born in Bergamo

(BG)

on 26/08/1951

- Fiscal Code : RDCNGL51M26A794J

 

 

Residence:

 

Miravalle

, 20

- 24026

Leffe

(BG)

- IT -

 

Ex-Postions

Sole Director

 

Invernizzi

Giuseppe

 

 

Born in Lodi

(MI)

on 10/02/1941

- Fiscal Code : NVRGPP41B10E648X

 

 

Residence:

 

Brigata Lupi

, 6

- 24100

Bergamo

(BG)

- IT -

 

Ex-Postions

Attorney General

 

Pomodoro

Dario

 

 

Born in TARANTO

(TA)

on 20/01/1951

- Fiscal Code : PMDDRA51A20L049K

 

 

Residence:

 

PALEOCAPA

, 9

- 24100

Bergamo

(BG)

- IT -

 

Ex-Postions

Attorney with special power

 

Pomodoro

Dario

 

 

Born in Taranto

(TA)

on 20/01/1951

- Fiscal Code : PMDDRA51A20L049K

 

 

Residence:

 

Pitagora

, 25

- 20052

Monza

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Mion

Emanuele

 

 

Born in Cavalese

(TN)

on 20/06/1961

- Fiscal Code : MNIMNL61H20C372U

 

 

Residence:

 

Garibaldi

, 1

- 24059

Urgnano

(BG)

- IT -

 

Ex-Postions

Temporary Auditor

 

Radici Chem.fin S.p.a.

 

 

- Fiscal Code : 02500260167

 

 

Residence:

 

Ugo Foscolo

, 152

- 24024

Gandino

(BG)

- IT -

 

Ex-Postions

Sole partner

Sole partner

 

Magnati

Michele

 

 

Born in BERGAMO

(BG)

on 16/12/1968

- Fiscal Code : MGNMHL68T16A794Q

 

 

Residence:

 

VERDI

, 11

- 24100

Bergamo

(BG)

- IT -

 

Ex-Postions

Procurator

 

Rovelli

Corrado

 

 

Born in Ponte San Pietro

(BG)

on 26/01/1969

- Fiscal Code : RVLCRD69A26G856D

 

 

Residence:

 

Baccanello

, 16

- 24030

Terno d'Isola

(BG)

- IT -

 

Ex-Postions

Temporary Auditor

 

RADICI

ANGELO

 

 

Born in BERGAMO

(BG)

on 26/08/1951

- Fiscal Code : RDCNGL51M26A794J

 

 

Residence:

 

IA MIRAVALLE

, 20

- 24026

Leffe

(BG)

- IT -

 

Ex-Postions

Director

 

Simoni

Sergio

 

 

Born in Bergamo

(BG)

on 13/05/1954

- Fiscal Code : SMNSRG54E13A794P

 

 

Residence:

 

Vivaldi

, 2

- 24030

Mozzo

(BG)

- IT -

 

Ex-Postions

Attorney with special power

 

FRIGO

EMILIO

 

 

Born in ROANA

(VI)

on 16/04/1956

- Fiscal Code : FRGMLE56D16H361X

 

 

Residence:

 

FUSINATO

, 55

- 35100

Padova

(PD)

- IT -

 

Ex-Postions

Works Manager

Procurator

 

GIUSTO

CLEANTO

 

 

Born in ZERO BRANCO

(TV)

on 24/01/1934

- Fiscal Code : GSTCNT34A24M171A

 

 

Residence:

 

CANOVA

, 17

- 20100

Milano

(MI)

- IT -

 

Ex-Postions

Director

 

Guerini

Adriano

 

 

Born in Gazzaniga

(BG)

on 12/09/1953

- Fiscal Code : GRNDRN53P12D952F

 

 

Residence:

 

Leonardo Da Vinci

, 5

- 24026

Leffe

(BG)

- IT -

 

Ex-Postions

Attorney with special power



Protests

 

Protests checking on the subject firm has given a negative result.



Data Base Prejudicial Events Search

 

Search performed on a National Scale

 

 

Prejudicial Events Search Result: NEGATIVE

 

Search performed on a specialized data base.



Legal Procedures

 

None reported, standing to the latest received edition of the Official Publications.



Financial and Economical Analysis

 

The company is active since 1986

The analysis is based on the latest 3 balance sheets.

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

The operating result is negative.

The operating loss is equal to Eur. -11.112.842.

At the end of the latest financial year, a negative gross operating margin of Eur. -5.323.132 was registered.

The analysis shows a fair financial position as the indebtedness volume is acceptable (3,02) but with an increase as against the previous accounting period.

With regard to equity capital, an amount of Eur. 43.092.428 is registered. , unchanged if compared to 2011.

In the year 2012 total debts amounted to Eur. 229.001.105 , a more or less stable value.

Bank borrowings' volume is slightly high but the recourse to suppliers' credit is modest which is also lower than the sector average.

Payments are supported by good current assets.

Accounts receivable average term is 40,36 days. , shorter than the sector's average.

A negative cash flow marked the year 2012 totalling Eur. -4.107.335.

Labour cost amounts to Eur. 16.041.118, with a 4,5% incidence on production costs. , whereas 4,71% is the incidence on sales revenues.

Limited financial charges in relation to sales volume.

 

Financial Data

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

340.933.164

Profit (Loss) for the period

-9.894.845

 

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

409.893.590

Profit (Loss) for the period

12.541.695

 

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

260.691.785

Profit (Loss) for the period

22.385.386

 

 

Complete balance-sheet for the year

al 31/12/2009

(in Eur

x 1)

 

Item Type

Value

Sales

176.163.583

Profit (Loss) for the period

2.657.283



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

194.468

214.709

3.976

. . Research,develop. and advert.expens.

347.656

 

 

. . Industrial patent rights

 

 

 

. . Concessions,licenses,trademarks,etc.

1.749

1.738

2.607

. . Goodwill

 

 

 

. . Assets in formation and advance paymen.

 

365.252

273.195

. . Other intangible fixed assets

263.748

316.499

36.211

. Total Intangible Fixed Assets

807.621

898.198

315.989

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

15.595.570

15.021.569

15.283.159

. . Plant and machinery

45.439.115

47.239.124

48.629.314

. . Industrial and commercial equipment

237.925

346.817

218.441

. . Other assets

621.934

164.459

75.100

. . Assets under construction and advances

2.609.096

2.099.152

1.482.155

. Total Tangible fixed assets

64.503.640

64.871.121

65.688.169

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

 

 

 

. . . Equity invest. in subsidiary companies

 

 

 

. . . Equity invest. in associated companies

 

 

 

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

 

 

 

. . Financial receivables

22.791

22.780

21.135

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

22.791

22.780

21.135

. . . 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

22.791

22.780

21.135

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

22.791

22.780

21.135

. . Other securities

 

 

 

. . Own shares

 

 

 

. . . Total nominal value

 

 

 

. Total financial fixed assets

22.791

22.780

21.135

Total fixed assets

65.334.052

65.792.099

66.025.293

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

10.809.160

11.345.112

10.450.713

. . Work in progress and semimanufactured

4.700.218

5.355.984

4.745.201

. . Work in progress on order

 

 

 

. . Finished goods

12.298.951

11.786.997

6.238.304

. . Advance payments

 

 

 

. Total Inventories

27.808.329

28.488.093

21.434.218

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

118.895.463

113.911.095

128.607.832

. . Beyond 12 months

385.519

78.495

59.211

. . Trade receivables

38.224.182

35.496.082

26.415.179

. . . . Within 12 months

38.224.182

35.476.798

26.415.179

. . . . Beyond 12 months

 

19.284

 

. . Receivables due from subsid. comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from assoc. comp.

 

 

57.798.181

. . . . Within 12 months

 

 

57.798.181

. . . . Beyond 12 months

 

 

 

. . Receivables due from holding comp.

48.045.459

47.124.200

44.120.191

. . . . Within 12 months

48.045.459

47.124.200

44.120.191

. . . . Beyond 12 months

 

 

 

. . Fiscal Receivables

466.951

764.070

8.784

. . . . Within 12 months

347.868

755.499

213

. . . . Beyond 12 months

119.083

8.571

8.571

. . Receivables for anticipated taxes

266.436

199.281

171.933

. . . . Within 12 months

 

199.281

171.933

. . . . Beyond 12 months

266.436

 

 

. . Receivables due from third parties

32.277.954

30.405.957

152.775

. . . . Within 12 months

32.277.954

30.355.317

102.135

. . . . Beyond 12 months

 

50.640

50.640

. Total Credits not held as fixed assets

119.280.982

113.989.590

128.667.043

. 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

65.905.406

77.888.943

1.176.303

. . Checks

 

 

 

. . Banknotes and coins

7.585

1.280

553

. Total Liquid funds

65.912.991

77.890.223

1.176.856

Total current assets

213.002.302

220.367.906

151.278.117

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

 

168.899

 

. Other adjustment accounts

353.518

 

84.755

Total adjustments accounts

353.518

168.899

84.755

TOTAL ASSETS

278.689.872

286.328.904

217.388.165

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

20.500.000

20.500.000

20.500.000

. Additional paid-in capital

 

 

 

. Revaluation reserves

4.931.154

4.931.154

4.931.154

. Legal reserve

3.395.392

2.768.307

1.649.038

. Reserve for Own shares

 

 

 

. Statute reserves

 

 

 

. Other reserves

24.160.727

12.246.117

 

. Accumulated Profits (Losses)

 

 

 

. Profit( loss) of the year

-9.894.845

12.541.695

22.385.386

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

43.092.428

52.987.273

49.465.578

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

 

 

 

. . Taxation fund, also differed

729.646

832.571

936.033

. . Other funds

850.024

856.300

521.000

Total Reserves for Risks and Charges

1.579.670

1.688.871

1.457.033

Employee termination indemnities

4.488.026

4.465.959

4.400.690

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

196.157.598

186.625.909

160.683.188

. . . . Beyond 12 months

32.843.507

40.049.129

1.285.203

. . 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

136.169.254

111.333.285

88.605.940

. . . . Within 12 months

104.169.254

72.333.285

88.573.427

. . . . Beyond 12 months

32.000.000

39.000.000

32.513

. . Due to other providers of finance

1.049.129

1.252.690

1.454.212

. . . . Within 12 months

205.622

203.561

201.522

. . . . Beyond 12 months

843.507

1.049.129

1.252.690

. . Advances from customers

 

5.450

 

. . . . Within 12 months

 

5.450

 

. . . . Beyond 12 months

 

 

 

. . Trade payables

54.369.542

50.269.656

51.510.097

. . . . Within 12 months

54.369.542

50.269.656

51.510.097

. . . . 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

 

 

8.423.962

. . . . Within 12 months

 

 

8.423.962

. . . . Beyond 12 months

 

 

 

. . Due to holding companies

1.418.782

1.139.553

7.171.058

. . . . Within 12 months

1.418.782

1.139.553

7.171.058

. . . . Beyond 12 months

 

 

 

. . Due to the tax authorities

654.962

630.868

1.583.022

. . . . Within 12 months

654.962

630.868

1.583.022

. . . . Beyond 12 months

 

 

 

. . Due to social security and welfare inst.

575.998

647.302

595.980

. . . . Within 12 months

575.998

647.302

595.980

. . . . Beyond 12 months

 

 

 

. . Other payables

34.763.438

61.396.234

2.624.120

. . . . Within 12 months

34.763.438

61.396.234

2.624.120

. . . . Beyond 12 months

 

 

 

Total accounts payable

229.001.105

226.675.038

161.968.391

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

528.643

511.763

96.473

Total adjustment accounts

528.643

511.763

96.473

TOTAL LIABILITIES

278.689.872

286.328.904

217.388.165

 

 

 

 

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

 

 

 

Investment accounts

 

 

 

Risk accounts

 

17.627

 

Civil and fiscal norms relation

 

 

 

 

 

 

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

 

 

 

. Revenues from sales and services

340.933.164

409.893.590

260.691.785

. Changes in work in progress

16.787

5.103.980

5.242.719

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

215.904

421.998

143.412

. Other income and revenues

3.886.537

3.910.229

530.463

. . Contributions for operating expenses

86.010

97.800

14.250

. . Different income and revenues

3.800.527

3.812.429

516.213

Total value of production

345.052.392

419.329.797

266.608.379

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

268.491.947

312.014.211

159.467.913

. Services received

64.265.232

65.386.829

51.779.732

. Leases and rentals

268.400

373.238

94.944

. Payroll and related costs

16.041.118

16.820.966

15.247.954

. . Wages and salaries

11.693.070

12.497.879

11.653.740

. . Social security contributions

3.390.060

3.308.862

2.802.035

. . Employee termination indemnities

858.634

868.941

789.023

. . Pension and similar

 

 

 

. . Other costs

99.354

145.284

3.156

. Amortization and depreciation

5.787.510

7.328.132

6.764.844

. . Amortization of intangible fixed assets

161.134

110.073

39.443

. . Amortization of tangible fixed assets

5.626.376

6.904.059

6.275.401

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

 

314.000

450.000

. Changes in raw materials

696.550

-1.949.895

-1.625.584

. Provisions to risk reserves

2.200

350.442

516.000

. Other provisions

 

 

 

. Other operating costs

612.277

645.729

344.589

Total production costs

356.165.234

400.969.652

232.590.392

Diff. between value and cost of product.

-11.112.842

18.360.145

34.017.987

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

 

 

 

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

3.285.823

2.114.271

542.960

. . 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

 

13.093

 

. . Financ.income other than the above

 

2.101.178

542.960

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

1.461.017

 

. . . - Other companies

 

640.161

 

. Interest and other financial expense

-5.463.405

-4.715.603

-3.000.223

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

 

4.715.603

 

Total financial income and expense

-2.177.582

-2.601.332

-2.457.263

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

40.807

 

 

. . Gains on disposals

 

 

 

. . Other extraordinary income

40.807

 

 

. Extraordinary expense

 

 

-11.150

. . Losses on disposals

 

 

 

. . Taxes relating to prior years

 

 

 

. . Other extraordinary expense

 

 

-11.150

Total extraordinary income and expense

40.807

 

-11.150

Results before income taxes

-13.249.617

15.758.813

31.549.574

. Taxes on current income

-3.354.772

3.217.118

9.164.188

. . current taxes

272.508

5.592.524

10.883.209

. . differed taxes(anticip.)

-170.080

-130.810

-271.663

. Net income for the period

-9.894.845

12.541.695

22.385.386

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

-9.894.845

12.541.695

22.385.386

 

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

0,23

0,23

0,30

0,33

Elasticity Ratio

Units

0,76

0,77

0,70

0,65

Availability of stock

Units

0,10

0,10

0,10

0,15

Total Liquidity Ratio

Units

0,66

0,67

0,60

0,47

Quick Ratio

Units

0,24

0,27

0,01

0,01

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

3,02

2,05

3,22

1,60

Self Financing Ratio

Units

0,15

0,19

0,23

0,28

Capital protection Ratio

Units

0,75

0,38

0,13

0,69

Liabilities consolidation quotient

Units

0,19

0,24

0,04

0,21

Financing

Units

5,31

4,28

3,27

2,10

Permanent Indebtedness Ratio

Units

0,29

0,34

0,25

0,47

M/L term Debts Ratio

Units

0,13

0,16

0,03

0,10

Net Financial Indebtedness Ratio

Units

1,65

0,65

1,80

0,66

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

1,23

1,48

0,84

1,28

Current ratio

Units

1,09

1,18

0,94

1,17

Acid Test Ratio-Liquidity Ratio

Units

0,94

1,03

0,81

0,90

Structure's primary quotient

Units

0,66

0,81

0,75

0,90

Treasury's primary quotient

Units

0,34

0,42

0,01

0,02

Rate of indebtedness ( Leverage )

%

646,73

540,37

439,47

353,06

Current Capital ( net )

Value

16.844.704

33.741.997

-9.405.071

592.597

RETURN

 

 

 

 

 

Return on Sales

%

-1,20

4,85

11,18

3,97

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

%

-22,96

23,67

45,25

2,57

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

%

-30,75

29,74

63,78

9,20

Return on Investment ( R.O.I. )

%

-3,99

6,41

15,65

3,84

Return/ Sales

%

-3,26

4,48

13,05

4,05

Extra Management revenues/charges incid.

%

n.c.

68,31

65,80

25,15

Cash Flow

Value

-4.107.335

19.869.827

29.150.230

316.000

Operating Profit

Value

-11.112.842

18.360.145

34.017.987

279.308

Gross Operating Margin

Value

-5.323.132

26.038.719

40.787.991

532.534

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

40,36

31,18

36,48

104,54

Debts to suppliers average term

Days

60,31

48,99

114,31

96,16

Average stock waiting period

Days

29,36

25,02

29,60

50,38

Rate of capital employed return ( Turnover )

Units

1,22

1,43

1,20

1,16

Rate of stock return

Units

12,26

14,39

12,16

7,14

Labour cost incidence

%

4,71

4,10

5,85

13,54

Net financial revenues/ charges incidence

%

-0,64

-0,63

-0,94

-1,46

Labour cost on purchasing expenses

%

4,50

4,20

6,56

13,80

Short-term financing charges

%

2,39

2,08

1,85

3,24

Capital on hand

%

81,74

69,85

83,39

86,41

Sales pro employee

Value

1.051.938

780.749

849.158

352.121

Labour cost pro employee

Value

49.494

32.039

49.667

44.319

 

 

Market / Territory Data

 

Population living in the province

:

1.022.428

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 435 significant companies.

The companies cash their credits on an average of 105 dd.

The average duration of suppliers debts is about 96 dd.

The sector's profitability is on an average of 3,97%.

The labour cost affects the turnover in the measure of 13,54%.

Goods are held in stock in a range of 50 dd.

The difference between the sales volume and the resources used to realize it is about 1,16.

The employees costs represent the 13,80% of the production costs.



Statistical Detrimental Data

 

Statistically the trade activity shows periods of crisis.

The area is statistically considered lowly risky.

In the region 50.886 protested subjects are found; in the province they count to 4.150.

The insolvency index for the region is 0,55, , while for the province it is 0,41.

Total Bankrupt companies in the province : 4.376.

Total Bankrupt companies in the region : 39.612.

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.59.99

UK Pound

1

Rs.101.75

Euro

1

Rs.83.48

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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.