MIRA INFORM REPORT

 

 

Report Date :

10.09.2014

 

IDENTIFICATION DETAILS

 

Name :

PAVAN S.R.L.

 

 

Registered Office :

Via Monte Grappa,, 8  35015 - Galliera Veneta (PD)         

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

01.01.1984

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of machinery for the food, beverage and tobacco industries

 

 

No. of Employees

From 251 to 500

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Italy

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

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

 

PAVAN S.R.L.

 

 

Via       Monte Grappa,,  8

 

35015   - Galliera Veneta            (PD)      -IT-

 

 

Summary

 

Fiscal Code

:

01128180286

Legal Form

:

Limited liability company

start of Activities

:

01/01/1984

Equity

:

Over 2.582.254

Turnover Range

:

75.000.000/100.000.000

Number of Employees

:

from 251 to 500

 

 

Activity

 

Manufacture of machinery for the food, beverage and tobacco industry es

 

 

Legal Data

 

Legal Form : Limited liability company

Fiscal Code : 01128180286

 

Foreign Trade Reg. no. : PD014397 since 31/12/1991

 

Foreign Trade Reg. no. : 14397 of Padova since 31/12/1991

 

Chamber of Commerce no. : 1535550 of Milano

 

Chamber of Commerce no. : 184620 of Padova since 02/02/1984

 

Chamber of Commerce no. : 147507 of Pistoia

 

Chamber of Commerce no. : 229411 of Treviso

 

Firms' Register : PD060-21077 of Padova since 19/02/1996

 

V.A.T. Code : 01128180286

 

Tribunal Co. Register : 21077 of

 

Foundation date

: 28/11/1983

Establishment date

: 28/11/1983

Start of Activities

: 01/01/1984

Legal duration

: 31/12/2060

Nominal Capital

: 12.000.000

 

Subscribed Capital

: 12.000.000

 

Paid up Capital

: 12.000.000

 

 

 

Members

 

S.i.fi.s. Societa' Immobiliare Finanziar

ia Servizi S.r.l. Con Sigla: S.i.

 

 

 

 

:

 

Monte Grappa

, 8

- 35015

Galliera Veneta

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole partner

13/10/2005

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Terrin

Gaetano

 

 

Born in Padova

(PD)

on 16/07/1960

- Fiscal Code : TRRGTN60L16G224Z

 

 

Residence:

 

Cannaregio

, 6008

- 30100

Venezia

(VE)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

29/04/2014

 

 

 

Ferro

Angelo

 

 

Born in Padova

(PD)

on 15/12/1937

- Fiscal Code : FRRNGL37T15G224L

 

 

Residence:

 

San Benedetto

, 128

- 35139

Padova

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Board Chairman

29/04/2014

 

 

Director

29/04/2014

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Cavagnis

Andrea

 

 

Born in Padova

(PD)

on 04/06/1958

- Fiscal Code : CVGNDR58H04G224R

 

 

Residence:

 

Umberto I

, 55

- 35122

Padova

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

29/04/2014

 

 

Managing Director

29/04/2014

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Castelli

Giulio

 

 

Born in Verbania

(NO)

on 16/08/1936

- Fiscal Code : CSTGLI36M16G279L

 

 

Residence:

 

S. Andrea

, 10/A

- 20100

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

29/04/2014

 

 

 

Cauzzo

Pasqualino

 

 

Born in Galliera Veneta

(PD)

on 03/04/1959

- Fiscal Code : CZZPQL59D03D879P

 

 

Residence:

 

Mottinello Vecchio

, 53

- 35015

Galliera Veneta

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Manager

22/05/2008

 

 

 

Borghetto

Giancarlo

 

 

Born in Villorba

(TV)

on 08/07/1958

- Fiscal Code : BRGGCR58L08M048K

 

 

Residence:

 

Colombero

, 8/C

- 31020

Villorba

(TV)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

16/02/2012

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Morellato

Luciano

 

 

Born in Sandrigo

(VI)

on 10/03/1959

- Fiscal Code : MRLLCN59C10H829Q

 

 

Residence:

 

Martiri Della Liberazione

, 39

- 35010

Carmignano di Brenta

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Institor

22/11/2000

 

 

Responsible

22/11/2000

 

 

Director

22/05/2008

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Cane'

Fabio Cosmo Domenico

 

 

Born in Foggia

(FG)

on 04/07/1961

- Fiscal Code : CNAFCS61L04D643B

 

 

Residence:

 

De Grassi Giovannino

, 3

- 20100

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

29/04/2014

 

 

 

Mondardini

Luciano

 

 

Born in Aosta

(AO)

on 15/08/1958

- Fiscal Code : MNDLCN58M15A326O

 

 

Residence:

 

Sacro Cuore

, 37

- 36056

Tezze sul Brenta

(VI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

22/05/2008

 

 

 

Ricchiuto

Maurizio

 

 

Born in Venezia

(VE)

on 14/11/1954

- Fiscal Code : RCCMRZ54S14L736P

 

 

Residence:

 

Stangade

, 14

- 31100

Treviso

(TV)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sales director

22/05/2008

 

 

 

Rasera

Sandro

 

 

Born in Sernaglia della Battaglia

(TV)

on 28/01/1965

- Fiscal Code : RSRSDR65A28I635B

 

 

Residence:

 

Tiziano Vecellio

, 10

- 31041

Cornuda

(TV)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

01/12/2010

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Galesso

Maurizio

 

 

Born in Padova

(PD)

on 04/08/1956

- Fiscal Code : GLSMRZ56M04G224V

 

 

Residence:

 

Bassano Del Grappa

, 9

- 35030

Selvazzano Dentro

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

05/10/2011

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Idea Cinquanta Srl

 

 

 

 

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.

 

Ferro

Angelo

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Rcs Quotidiani S.p.a.

Milano (MI) - IT -

00748930153

Director

Withdrawn

Ceased

Societa' Cattolica Di Assicurazione - Societa' Cooperativa

Verona (VR) - IT -

00320160237

Director

Withdrawn

Registered

Tecnoalimenti Societa' Consortile Per Azioni

Milano (MI) - IT -

01213260878

Director

Active

Registered

Tecnoalimenti Societa' Consortile Per Azioni

Milano (MI) - IT -

01213260878

Memb.of the Executive Committee

Withdrawn

Registered

Tiflosystem - Societa' Per Azioni

Piombino Dese (PD) - IT -

01985200268

Director

Withdrawn

Registered

Cassa Di Risparmio Del Veneto S.p.a.

Padova (PD) - IT -

02089931204

Director

Active

Registered

Fabbrica Attivita' E Relazioni Intergenerazionali - Intrapresa Con Finalita' So

Padova (PD) - IT -

04404470280

Sole Director

Active

Registered

Editoriale Veneto S.r.l.

Padova (PD) - IT -

03637220967

Director

Active

Registered

Impresa Sociale - Strategie D'impresa Per Il Bene Comune S.r.l.

Genova (GE) - IT -

01842460998

Director

Active

Registered

Impresa Sociale - Strategie D'impresa Per Il Bene Comune S.r.l.

Genova (GE) - IT -

01842460998

Assistant board Chairman

Active

Registered

Istituto Di Certificazione Etica Nello Sport - Institute For Sport Ethics Certif

Verona (VR) - IT -

03866020237

Director

Active

Registered

Istituto Di Certificazione Etica Nello Sport - Institute For Sport Ethics Certif

Verona (VR) - IT -

03866020237

Assistant board Chairman

Active

Registered

 

Cavagnis

Andrea

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Officine Meccaniche Pavan-s.p.a.(con Sigla *o.m

Galliera Veneta (PD) - IT -

00203040282

Managing Director

Withdrawn

Ceased

S.i.fi.s. Societa' Immobiliare Finanziaria Servizi S.r.l. Con Sigla: S.i.

Galliera Veneta (PD) - IT -

00063370258

Sole Director

Withdrawn

Ceased

Mapimpianti S.p.a.

Galliera Veneta (PD) - IT -

00631640281

Director

Withdrawn

Ceased

Officine Meccaniche Giacomo Toresani S.p.a.

Milano (MI) - IT -

01255630160

Board Chairman

Withdrawn

Ceased

Alimenta S.p.a.

Padova (PD) - IT -

00838030195

Director

Withdrawn

Ceased

Veneta Alimenti Innovativi S.r.l. In Sigla V.al.in. S.r.l.

Pieve d'Alpago (BL) - IT -

00767150253

Director

Active

Registered

Veneta Alimenti Innovativi S.r.l. In Sigla V.al.in. S.r.l.

Pieve d'Alpago (BL) - IT -

00767150253

Board Chairman

Active

Registered

Camaro S.a.s. Di Lucia Ferro E C.

Padova (PD) - IT -

01050840287

Limited Partner

Withdrawn

Ceased

Montoni Trafile S.p.a.

Serravalle Pistoiese (PT) - IT -

01850280288

Board Chairman

Withdrawn

Ceased

Foodmac S.r.l.

Galliera Veneta (PD) - IT -

02572850283

Managing Director

Withdrawn

Merged

Foodmac S.r.l.

Galliera Veneta (PD) - IT -

02572850283

Director

Withdrawn

Merged

Foodmac S.r.l.

Galliera Veneta (PD) - IT -

02572850283

Board Chairman

Withdrawn

Merged

Tecnel S.r.l.

Galliera Veneta (PD) - IT -

02670510284

Director

Active

Registered

Tecnel S.r.l.

Galliera Veneta (PD) - IT -

02670510284

Managing Director

Active

Registered

Tecnel S.r.l.

Galliera Veneta (PD) - IT -

02670510284

Board Chairman

Active

Registered

Pizeta S.r.l.

Cittadella (PD) - IT -

03313940284

Director

Active

Registered

Pizeta S.r.l.

Cittadella (PD) - IT -

03313940284

Board Chairman

Active

Registered

Pavan Tecnologie S.p.a.

Galliera Veneta (PD) - IT -

03551190287

Director

Withdrawn

Registered

Pavan Tecnologie S.p.a.

Galliera Veneta (PD) - IT -

03551190287

Managing Director

Withdrawn

Registered

Impav S.p.a. In Liquidazione

Galliera Veneta (PD) - IT -

03567850288

Liquidator

Withdrawn

Ceased

Campagna Otto Di Ferro E Cavagnis S.s. Agricola

Padova (PD) - IT -

00723290284

Partner

Active

Registered

Nuova Dizma S.r.l.

Galliera Veneta (PD) - IT -

04132060288

Sole Director

Withdrawn

Registered

Idea Cinquanta Srl

Cittadella (PD) - IT -

04276200286

Sole Director

Active

Registered

Idea Cinquanta Srl

Cittadella (PD) - IT -

04276200286

Sole partner

Withdrawn

Registered

Golfetto Sangati S.r.l.

Galliera Veneta (PD) - IT -

04444310280

Director

Active

Registered

Golfetto Sangati S.r.l.

Galliera Veneta (PD) - IT -

04444310280

Board Chairman

Active

Registered

Mocenigo S.r.l.

Padova (PD) - IT -

04666750288

Director

Active

Registered

Mocenigo S.r.l.

Padova (PD) - IT -

04666750288

Board Chairman

Active

Registered

Newco 2 S.r.l

Galliera Veneta (PD) - IT -

04819770282

Sole Director

Active

Registered

 

Morellato

Luciano

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Montoni Trafile S.p.a.

Serravalle Pistoiese (PT) - IT -

01850280288

Director

Withdrawn

Ceased

Montoni Trafile S.p.a.

Serravalle Pistoiese (PT) - IT -

01850280288

Managing Director

Withdrawn

Ceased

Immobiliare Modo - S.r.l.

Montegrotto Terme (PD) - IT -

02410130286

Director

Active

Registered

Morellato Pietro E Figli S.n.c. Di MorelLato Luciano E Francesco

Carmignano di Brenta (PD) - IT -

02078950280

Partner

Active

Registered

Tecna S.r.l.

Carmignano di Brenta (PD) - IT -

04125300287

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

Idea Cinquanta Srl

 

04276200286

10.800.000 .Eur

90,00

Imi Investimenti S.p.a.

 

97588980017

1.200.000 .Eur

10,00

 

 

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

Editoriale Veneto S.r.l.

Padova - IT -

03637220967

90.160 .Eur

4,90

 

 

Active

Impresa Sociale - Strategie D'impresa Pe r Il Bene Comune S.r.l.

Genova - IT -

01842460998

806 .Eur

2,30

 

 

Active

Veneta Alimenti Innovativi S.r.l. In Si gla V.al.in. S.r.l.

Pieve d'Alpago - IT -

00767150253

3.621.800 .Eur

99,50

 

 

Active

Tecnoalimenti Societa' Consortile Per A zioni

Milano - IT -

01213260878

32.709 .Eur

4,19

 

 

Active

Tecnel S.r.l.

Galliera Veneta - IT -

02670510284

5.304 .Eur

52,00

 

 

Active

Pizeta S.r.l.

Cittadella - IT -

03313940284

41.600 .Eur

80,80

 

 

Active

Golfetto Sangati S.r.l.

Galliera Veneta - IT -

04444310280

3.000.000 .Eur

100,00

 

 

Active



Firm's location and structure

 

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

 

-

Legal and operative seat

 

since 10/04/1990

 

 

 

 

 

 

Monte Grappa,

, 8

- 35015

- Galliera Veneta

(PD)

- IT -

 

 

 

 

PHONE

: 0499423111

 

-

Branch

 

since 08/06/1990

 

 

 

 

 

 

Europa,

, 27

- 35015

- Galliera Veneta

(PD)

- IT -

 

 

 

 

PHONE

: 049423111

 

-

Branch

(Factory)

since 20/11/2000

 

 

 

 

 

 

G. Amendola

, 7

- 51017

- Uzzano

(PT)

- IT -

 

-

Branch

(Factory)

since 01/03/2012

 

 

 

 

 

 

Ferruccio Parri

, 59/59

- 51017

- Uzzano

(PT)

- IT -

 

 

 

 

Employees

: 419

 

Fittings and Equipment for a value of 1.310.000

Eur

 

Stocks for a value of 13.360.000

Eur

 

 

The firm operates abroad as importer / exporter..

To purchase foreign products the firm uses the following channels :

- national or foreign important buyers

 

- distributors

Export represents more than 50% of the global turnover.

Products abroad are placed by :

- national or foreign important buyers

 

- importers

 

- its own sales net-work

 

- its own agents

 

- its own foreign branches

 

- joint-ventures with foreign companies

 

The subject firm uses the following own selling brands:

- PAVAN

 

- MAPIMPIANTI

 

- TORESANI

 

- STIAVELLI

 

- MONTONI

 

- DIZMA

 

 

Historical Information and/or Firm's Status

 

EX-MEMBERS / EX-POSITIONS:

 

Terrin

Gaetano

 

 

Born in Padova

(PD)

on 16/07/1960

- Fiscal Code : TRRGTN60L16G224Z

 

 

Residence:

 

Cannaregio

, 6008

- 30100

Venezia

(VE)

- IT -

 

Ex-Postions

Permanent Auditor

 

Ferro

Angelo

 

 

Born in Padova

(PD)

on 15/12/1937

- Fiscal Code : FRRNGL37T15G224L

 

 

Residence:

 

San Benedetto,

, 128

- 35139

Padova

(PD)

- IT -

 

Ex-Postions

Board Chairman

Director

 

Cavagnis

Andrea

 

 

Born in Padova

(PD)

on 04/06/1958

- Fiscal Code : CVGNDR58H04G224R

 

 

Residence:

 

Umberto I

, 55

- 35122

Padova

(PD)

- IT -

 

Ex-Postions

Managing Director

Sales director

Managing Director

 

Castelli

Giulio

 

 

Born in Verbania

(NO)

on 16/08/1936

- Fiscal Code : CSTGLI36M16G279L

 

 

Residence:

 

S. Andrea

, 10/A

- 20100

Milano

(MI)

- IT -

 

Ex-Postions

Permanent Auditor

 

Rabanser

Roland

 

 

Born in Castelrotto

(BZ)

on 13/12/1953

- Fiscal Code : RBNRND53T13C254Y

 

 

Residence:

 

Meisules

, 24

- 39046

Ortisei

(BZ)

- IT -

 

Ex-Postions

Permanent Auditor

 

Antonello

Andrea

 

 

Born in Cittadella

(PD)

on 15/09/1951

 

 

Residence:

 

Garibaldi

, 40/2

- 35018

San Martino di Lupari

(PD)

- IT -

 

Ex-Postions

Procurator

Responsible

Responsible

 

Gitti

Gregorio

 

 

Born in Brescia

(BS)

on 21/06/1964

- Fiscal Code : GTTGGR64H21B157R

 

 

Residence:

 

Torino

, 61

- 20122

Milano

(MI)

- IT -

 

Ex-Postions

Director

 

Zavatta

Claudio

 

 

Born in Yverdon

( )

on 23/12/1959

- Fiscal Code : ZVTCLD59T23Z133R

 

 

Residence:

 

Postumia Di Levante

, 14/E

- 35013

Cittadella

(PD)

- IT -

 

Ex-Postions

Technical Manager

 

Borgo

Leonzio

 

 

Born in Arsiero

(VI)

on 31/01/1949

- Fiscal Code : BRGLNZ49A31A444C

 

 

Residence:

 

Nicolo' Zen

, 4

- 31033

Castelfranco Veneto

(TV)

- IT -

 

Ex-Postions

Responsible

 

Santicioli

Fabio

 

 

Born in Foiano della Chiana

(AR)

on 25/09/1962

- Fiscal Code : SNTFBA62P25D649S

 

 

Residence:

 

Giulio E Corrado Venini

, 1

- 20127

Milano

(MI)

- IT -

 

Ex-Postions

Director

 

Andretta

Cesare

 

 

Born in Cittadella

(PD)

on 07/04/1970

- Fiscal Code : NDRCSR70D07C743D

 

 

Residence:

 

De Gasperi

, 3/D

- 35019

Tombolo

(PD)

- IT -

 

Ex-Postions

Temporary Auditor

 

Zanguio

Mauro

 

 

Born in Ala

(TN)

on 23/06/1926

- Fiscal Code : ZNGMRA26H23A116U

 

 

Residence:

 

Contra' Carpagnon

, 11

- 36100

Vicenza

(VI)

- IT -

 

Ex-Postions

Chairman of the Board of Aud.

 

Antonello

Andrea

 

 

Born in Cittadella

(PD)

on 15/09/1951

- Fiscal Code : NTNNDR51P15C743B

 

 

Residence:

 

Garibaldi

, 40/2

- 35018

San Martino di Lupari

(PD)

- IT -

 

Ex-Postions

Responsible

Procurator

 

Zinetti

Antonio

 

 

Born in Cittadella

(PD)

on 07/12/1943

- Fiscal Code : ZNTNTN43T07C743H

 

 

Residence:

 

Marianna Di Savoia

, 30

- 35015

Galliera Veneta

(PD)

- IT -

 

Ex-Postions

Director

 

Zaramella

Ugo

 

 

Born in PADOVA

(PD)

on 01/04/1946

- Fiscal Code : ZRMGUO46D01G224I

 

 

Residence:

 

DEL DOMINICHINO

, 177

- 35100

Padova

(PD)

- IT -

 

Ex-Postions

Director

 

Sartorio

Pericle

 

 

Born in Venezia

(VE)

on 17/05/1923

- Fiscal Code : SRTPCL23E17L736Z

 

 

Residence:

 

Castello

, 4705

- 30100

Venezia

(VE)

- IT -

 

Ex-Postions

Director

 

Zanguio

Mauro

 

 

Born in Ala

(TN)

on 23/06/1926

- Fiscal Code : ZNGMRA26H23A116U

 

 

Residence:

 

Carpagnon

, 11

- 36100

Vicenza

(VI)

- IT -

 

Ex-Postions

Director

Chairman of the Board of Aud.

 

Trombi

Gino

 

 

Born in Tizzano Val Parma

(PR)

on 27/05/1923

- Fiscal Code : TRMGNI23E27L183P

 

 

Residence:

 

Foro Buonaparte

, 22

- 20100

Milano

(MI)

- IT -

 

Ex-Postions

Director

 

Ruzzene

Domenico

 

 

Born in Vicenza

(VI)

on 07/12/1964

- Fiscal Code : RZZDNC64T07L840K

 

 

Residence:

 

Del Mercato Nuovo

, 44/G

- 36100

Vicenza

(VI)

- IT -

 

Ex-Postions

Temporary Auditor

 

Lunelli

Luigi

 

 

Born in TRENTO

(TN)

on 14/04/1939

- Fiscal Code : LNLLGU39D14L378O

 

 

Residence:

 

DUOMO

, 9

- 38100

Trento

(TN)

- IT -

 

Ex-Postions

Director

 

Zanotto

Giorgio

 

 

Born in Verona

(VR)

on 19/12/1920

- Fiscal Code : ZNTGRG20T19L781R

 

 

Residence:

 

Ottolini

, 9

- 37100

Verona

(VR)

- IT -

 

Ex-Postions

Board Chairman

 

Pavan

Paolo

 

 

Born in Galliera Veneta

(PD)

on 08/11/1947

- Fiscal Code : PVNPLA47S08D879E

 

 

Residence:

 

Maello

, 25/A

- 36061

Bassano del Grappa

(VI)

- IT -

 

Ex-Postions

Director

 

 

CEASINGS/INCORPORATIONS/MERGES:

 

The firm absorbed by merging of

 

 

 

Officine Meccaniche Pavan S.p.A.

 

 

Date

:

08/06/1990

 

The firm absorbed by merging of

 

 

 

Mapimpianti S.p.A.

 

 

Date

:

08/06/1990

 

The firm absorved

 

 

 

Sirmi S.R.L.

 

 

, MILANO

- IT -

 

 

Fiscal Code: 02265870168

 

 

Date

:

30/10/1996

 

The firm absorved

 

 

 

Officine Meccaniche Giacomo Torresani S.

 

 

, MILANO

- IT -

 

 

Fiscal Code: 01255630160

 

 

Date

:

30/10/1996

 

The firm absorved

 

 

 

Tag - S.R.L.

 

 

, RIESE PIO X

- IT -

 

 

Fiscal Code: 00571170265

 

 

Date

:

30/10/1996

 

The firm absorved

 

 

 

Foodmac S.r.l.

 

 

 

Europa

, 27

, 35015

, Galliera Veneta

(PD)

- IT -

 

 

Fiscal Code: 02572850283

 

 

Date

:

27/05/1999

 

The firm absorved

 

 

 

SIRMI S.R.L.

 

 

, MILANO

- IT -

 

 

Fiscal Code: 02265870168

 

 

Date

:

30/10/1996

 

The firm absorved

 

 

 

Officine Meccaniche Giacomo Toresani S.p.a.

 

 

 

Ornato

, 0148

, 20100

, Milano

(MI)

- IT -

 

 

Fiscal Code: 01255630160

 

 

Date

:

30/10/1996

 

The firm absorved

 

 

 

T.A.G. S.r.l.

 

 

 

Castellana

, 67/A/B

, 31039

, Riese Pio X

(TV)

- IT -

 

 

Fiscal Code: 00571170265

 

 

Date

:

30/10/1996

 

The firm absorved

 

 

 

Montoni Trafile S.p.a.

 

 

 

Redolone

, 51030

, Serravalle Pistoiese

(PT)

- IT -

 

 

Fiscal Code: 01850280288

 

 

Date

:

15/10/2003

 

The firm absorved

 

 

 

Co.ve.pa. Compagnia Veneta Di Partecipazione S.p.a. In Sigla Co.ve.

 

 

 

San Benedetto

, 134

, 35139

, Padova

(PD)

- IT -

 

 

Fiscal Code: 01132920289

 

 

Date

:

15/10/2003

 

Project of merging by taking over of

 

 

 

Officine Meccaniche Giacomo Toresani S.p.a.

 

 

 

Ornato

, 0148

, 20100

, Milano

(MI)

- IT -

 

 

Fiscal Code: 01255630160

 

 

Date

Merging/splitting-up project:

29/03/1996

 

The firm absorbed by merging of

 

 

 

T.A.G. S.r.l.

 

 

 

Castellana

, 67/A/B

, 31039

, Riese Pio X

(TV)

- IT -

 

 

 

Fiscal Code: 00571170265

 

 

Date

:

30/10/1996

 

Project of merging by taking over of

 

 

 

Foodmac S.r.l.

 

 

 

Europa

, 27

, 35015

, Galliera Veneta

(PD)

- IT -

 

 

Fiscal Code: 02572850283

 

 

Date

Merging/splitting-up project:

07/04/1999

 

The firm absorbed by merging of

 

 

 

Foodmac S.r.l.

 

 

 

Europa

, 27

, 35015

, Galliera Veneta

(PD)

- IT -

 

 

Fiscal Code: 02572850283

 

 

Date

:

27/05/1999

 

Project of merging by taking over of

 

 

 

Co.ve.pa. Compagnia Veneta Di Partecipazione S.p.a. In Sigla Co.ve.

 

 

 

San Benedetto

, 134

, 35139

, Padova

(PD)

- IT -

 

 

Fiscal Code: 01132920289

 

 

Date

Merging/splitting-up project:

18/06/2003

 

The firm absorbed by merging of

 

 

 

Montoni Trafile S.p.a.

 

 

 

Redolone

, 51030

, Serravalle Pistoiese

(PT)

- IT -

 

 

Fiscal Code: 01850280288

 

 

Date

:

15/10/2003

 

Project of merging by taking over of

 

 

 

S.i.fi.s. Societa' Immobiliare Finanziaria Servizi S.r.l. Con Sigla: S.i.

 

 

 

Monte Grappa

, 8

, 35015

, Galliera Veneta

(PD)

- IT -

 

 

Fiscal Code: 00063370258

 

 

Date

Merging/splitting-up project:

19/10/2005

 

The firm absorbed by merging of

 

 

 

S.i.fi.s. Societa' Immobiliare Finanziaria Servizi S.r.l. Con Sigla: S.i.

 

 

 

Monte Grappa

, 8

, 35015

, Galliera Veneta

(PD)

- IT -

 

 

Fiscal Code: 00063370258

 

 

Date

:

16/12/2005

 

Project of merging by taking over of

 

 

 

FINBOX SRL

 

 

, Galliera Veneta (pd)

- IT -

 

 

Date

Merging/splitting-up project:

22/05/2008

 

The firm absorbed by merging of

 

 

 

Finbox S.r.l.

 

 

 

Montegrappa

, 8

, 35015

, Galliera Veneta

(PD)

- IT -

 

 

Fiscal Code: 04282840281

 

 

Date

:

17/07/2008

 

Project of merging by taking over of

 

 

 

Pavan Tecnologie S.p.a.

 

 

 

Monte Grappa

, 8

, 35015

, Galliera Veneta

(PD)

- IT -

 

 

Fiscal Code: 03551190287

 

 

Date

Merging/splitting-up project:

31/03/2009

 

The firm absorbed by merging of

 

 

 

Pavan Tecnologie S.p.a.

 

 

 

Monte Grappa

, 8

, 35015

, Galliera Veneta

(PD)

- IT -

 

 

Fiscal Code: 03551190287

 

 

Date

:

25/06/2009

 

The firm absorbed by merging of

 

 

 

Pavan Tecnologie S.p.a.

 

 

 

Monte Grappa

, 8

, 35015

, Galliera Veneta

(PD)

- IT -

 

 

Fiscal Code: 03551190287

 

 

Date

:

16/09/2009

 

Project of merging by taking over of

 

 

 

Newco 2 S.r.l.

 

 

Fiscal Code: 04582490282

 

 

Date

Merging/splitting-up project:

05/10/2011

 

Resolution of merging of

 

 

 

Newco 2 S.r.l.

 

 

Fiscal Code: 04582490282

 

 

Date

:

27/10/2011

 

The firm absorbed by merging of

 

 

 

Newco 2 S.r.l.

 

 

Fiscal Code: 04582490282

 

 

Date

:

30/11/2011



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.

 

 

Bankers

 

The firm operates with:

 

Bank Name

Agency Name

Address

ZIP Code

City

ABI Code

CAB Code

BANCA POPOLARE DI VICENZA SCPA

GALLIERA VENETA

VIA ROMA, 164

35015

Galliera Veneta

5728

62580



Financial and Economical Analysis

 

Subject is active since 1984

The eonomic-financial analysis is based on the latest 3 b/s.

During the last years, it achieved profits (r.o.e. 23,52% on 2013) but without a significant increase in the turnover.

The operating result in 2013 was positive (14,4%) and in line with the sector's average.

The operating result is positive and amounts to Eur. 15.844.988 with a 23,62% growth.

The G.O.M. amounted to Eur. 19.287.033 on the same levels as the previous financial year.

Very good financial situation: shareholder's equity covers short-terms debts with an indebtedness level equal to 0,57 and with an upward trend compared to the previous year.

It's shareholders funds amount to Eur. 43.806.844 , unchanged if compared to 2012.

During the last financial year total debts volume reached Eur. 56.672.388 (Eur. 2.970.417 were m/l term ones) , a more or less stable value.

The financial exposure is moderate, on the other hand the recourse to commercial credit is high, with a high average payment period however still within the sector's average.

Liquidity is however good.

On average trade credits are collected in 38,51 days. , that compared to the sector's average is shorter.

2013 financial year closed with a cash flow of Eur. 13.744.089

Labour cost expenses amount to Eur. 22.740.442 , representing 26,65% on the total of production costs. , whereas the incidence on sales revenues is of 23,45%.

The financial charges are lower than the financial incomes.

 

Financial Data

 

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

96.971.249

Profit (Loss) for the period

10.302.044

 

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

98.733.544

Profit (Loss) for the period

8.778.120

 

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

89.145.066

Profit (Loss) for the period

5.144.551

 

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

84.713.625

Profit (Loss) for the period

4.855.721

 

 

Complete balance-sheet for the year

al 31/12/2009

(in Eur

x 1)

 

Item Type

Value

Sales

72.956.107

Profit (Loss) for the period

1.936.081




 

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 31/12/2013 - 12 Mesi - Currency: - Amounts x 1

 

- 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

 

Years

2013

2012

2011

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

920

1.380

1.840

. . Research,develop. and advert.expens.

 

 

 

. . Industrial patent rights

68.749

106.089

115.116

. . Concessions,licenses,trademarks,etc.

 

 

 

. . Goodwill

8.839.179

10.555.024

12.317.087

. . Assets in formation and advance paymen.

 

 

 

. . Other intangible fixed assets

 

 

 

. Total Intangible Fixed Assets

8.908.848

10.662.493

12.434.043

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

20.729.324

22.805.440

21.267.290

. . Plant and machinery

1.140.398

1.363.762

1.224.562

. . Industrial and commercial equipment

167.825

186.301

163.108

. . Other assets

530.912

466.356

400.750

. . Assets under construction and advances

 

 

1.681.077

. Total Tangible fixed assets

22.568.459

24.821.859

24.736.787

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

22.003.931

22.029.754

22.029.754

. . . Equity invest. in subsidiary companies

21.865.443

21.865.443

21.865.443

. . . Equity invest. in associated companies

 

 

 

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

138.488

164.311

164.311

. . Financial receivables

663.580

637.873

613.163

. . . . Within 12 months

25.066

637.873

613.163

. . . . Beyond 12 months

638.514

 

 

. . . Receivab due from subsidiaries

663.580

 

 

. . . . Within 12 months

25.066

 

 

. . . . Beyond 12 months

638.514

 

 

. . . 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

 

637.873

613.163

. . . . Within 12 months

 

637.873

613.163

. . . . Beyond 12 months

 

 

 

. . Other securities

 

 

 

. . Own shares

 

 

 

. . . Total nominal value

 

 

 

. Total financial fixed assets

22.667.511

22.667.627

22.642.917

Total fixed assets

54.144.818

58.151.979

59.813.747

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

2.320.596

2.123.595

2.126.018

. . Work in progress and semimanufactured

10.359.822

7.513.158

6.372.538

. . Work in progress on order

 

 

 

. . Finished goods

632.726

661.488

522.014

. . Advance payments

51.711

627.157

247.228

. Total Inventories

13.364.855

10.925.398

9.267.798

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

12.350.051

21.632.847

16.151.071

. . Beyond 12 months

938.373

347.469

46.460

. . Trade receivables

10.372.426

20.108.029

13.687.278

. . . . Within 12 months

10.372.426

19.782.238

13.687.278

. . . . Beyond 12 months

 

325.791

 

. . Receivables due from subsid. comp.

700.935

 

1.233.583

. . . . Within 12 months

700.935

 

1.233.583

. . . . 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

 

 

 

. . Fiscal Receivables

1.038.767

854.808

243.950

. . . . Within 12 months

113.639

847.102

211.346

. . . . Beyond 12 months

925.128

7.706

32.604

. . Receivables for anticipated taxes

951.512

891.512

853.145

. . . . Within 12 months

951.512

891.512

853.145

. . . . Beyond 12 months

 

 

 

. . Receivables due from third parties

224.784

125.967

179.575

. . . . Within 12 months

211.539

111.995

165.719

. . . . Beyond 12 months

13.245

13.972

13.856

. Total Credits not held as fixed assets

13.288.424

21.980.316

16.197.531

. 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

216.703

234.335

974.092

. Total Financial Assets

216.703

234.335

974.092

. LIQUID FUNDS

 

 

 

. . Bank and post office deposits

28.834.549

13.837.202

5.168.271

. . Checks

 

 

 

. . Banknotes and coins

16.551

16.950

19.033

. Total Liquid funds

28.851.100

13.854.152

5.187.304

Total current assets

55.721.082

46.994.201

31.626.725

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

172.676

 

 

. Other adjustment accounts

 

154.227

157.649

Total adjustments accounts

172.676

154.227

157.649

TOTAL ASSETS

110.038.576

105.300.407

91.598.121

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

12.000.000

12.000.000

12.000.000

. Additional paid-in capital

 

 

 

. Revaluation reserves

 

 

 

. Legal reserve

2.021.553

1.582.647

1.325.417

. Reserve for Own shares

 

 

 

. Statute reserves

 

 

 

. Other reserves

710.324

 

 

. Accumulated Profits (Losses)

18.772.923

17.794.024

13.506.710

. Profit( loss) of the year

10.302.044

8.778.120

5.144.551

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

43.806.844

40.154.791

31.976.678

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

116.375

54.769

54.769

. . Taxation fund, also differed

86.962

92.938

95.739

. . Other funds

2.526.385

2.176.348

1.810.502

Total Reserves for Risks and Charges

2.729.722

2.324.055

1.961.010

Employee termination indemnities

6.786.144

6.889.215

6.960.797

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

53.701.971

52.302.589

46.426.647

. . . . Beyond 12 months

2.970.417

3.554.795

4.139.216

. . 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

3.373.746

4.129.299

4.679.222

. . . . Within 12 months

495.828

574.504

540.006

. . . . Beyond 12 months

2.877.918

3.554.795

4.139.216

. . Due to other providers of finance

181.657

 

 

. . . . Within 12 months

89.158

 

 

. . . . Beyond 12 months

92.499

 

 

. . Advances from customers

23.066.093

16.646.704

13.004.987

. . . . Within 12 months

23.066.093

16.646.704

13.004.987

. . . . Beyond 12 months

 

 

 

. . Trade payables

20.197.526

23.634.408

18.752.277

. . . . Within 12 months

20.197.526

23.634.408

18.752.277

. . . . Beyond 12 months

 

 

 

. . Securities issued

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to subsidiary companies

4.523.082

5.037.412

9.259.258

. . . . Within 12 months

4.523.082

5.037.412

9.259.258

. . . . Beyond 12 months

 

 

 

. . Due to associated companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to holding companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to the tax authorities

1.249.771

2.615.840

1.169.004

. . . . Within 12 months

1.249.771

2.615.840

1.169.004

. . . . Beyond 12 months

 

 

 

. . Due to social security and welfare inst.

1.609.106

1.483.008

1.107.173

. . . . Within 12 months

1.609.106

1.483.008

1.107.173

. . . . Beyond 12 months

 

 

 

. . Other payables

2.471.407

2.310.713

2.593.942

. . . . Within 12 months

2.471.407

2.310.713

2.593.942

. . . . Beyond 12 months

 

 

 

Total accounts payable

56.672.388

55.857.384

50.565.863

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

43.478

74.962

133.773

Total adjustment accounts

43.478

74.962

133.773

TOTAL LIABILITIES

110.038.576

105.300.407

91.598.121

 

 

 

 

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

 

 

 

Investment accounts

 

 

 

Risk accounts

19.082.873

 

 

Civil and fiscal norms relation

 

 

 

 

 

 

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

 

 

 

. Revenues from sales and services

96.971.249

98.733.544

89.145.066

. Changes in work in progress

2.817.902

1.280.094

1.478.489

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

 

 

 

. Other income and revenues

1.375.930

1.326.837

1.427.325

. . Contributions for operating expenses

 

 

 

. . Different income and revenues

1.375.930

1.326.837

1.427.325

Total value of production

101.165.081

101.340.475

92.050.880

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

46.568.474

49.529.302

46.399.456

. Services received

 

13.376.077

11.644.334

. Leases and rentals

12.429.603

51.053

273.815

. Payroll and related costs

22.740.442

21.711.254

21.094.239

. . Wages and salaries

16.278.457

15.535.376

15.030.978

. . Social security contributions

5.306.692

4.953.712

4.858.592

. . Employee termination indemnities

1.155.293

1.222.166

1.204.669

. . Pension and similar

 

 

 

. . Other costs

 

 

 

. Amortization and depreciation

3.442.045

3.549.663

4.113.885

. . Amortization of intangible fixed assets

1.766.040

1.811.914

1.810.692

. . Amortization of tangible fixed assets

1.380.681

1.399.451

2.130.792

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

295.324

338.298

172.401

. Changes in raw materials

-197.001

2.423

99.217

. Provisions to risk reserves

 

57.000

20.235

. Other provisions

 

 

 

. Other operating costs

336.530

246.411

234.573

Total production costs

85.320.093

88.523.183

83.879.754

Diff. between value and cost of product.

15.844.988

12.817.292

8.171.126

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

401.038

17.322

574.665

. . In subsidiary companies

401.038

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

670.446

243.329

359.482

. . Financ.income from receivables

 

 

 

. . . Towards subsidiary companies

 

 

 

. . . Towards associated companies

 

 

 

. . . Towards holding companies

 

 

 

. . . Towards other companies

 

 

 

. . Financ.income from secur. t.f.assets

 

78.780

70.675

. . Financ.income from secur. cur.assets

9.433

 

 

. . Financ.income other than the above

661.013

 

 

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

661.013

 

 

. Interest and other financial expense

-376.861

-149.441

-279.312

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

376.861

 

 

Total financial income and expense

694.623

111.210

654.835

ADJUSTMENTS TO FINANCIAL ASSETS

 

 

 

. Revaluations

14.602

124.267

 

. . Of equity investments

 

 

 

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

 

 

 

. . Of securities incl.among current assets

14.602

124.267

 

. Devaluation

 

 

-105.432

. . Of equity investments

 

 

 

. . Of financial fixed assets (no equity inv)

 

 

 

. . Of securities included among current ass

 

 

-105.432

Total adjustments to financial assets

14.602

124.267

-105.432

EXTRAORDINARY INCOME AND EXPENSE

 

 

 

. Extraordinary income

143.631

911.429

220.415

. . Gains on disposals

14.977

911.429

 

. . Other extraordinary income

128.654

 

220.415

. Extraordinary expense

-300.000

 

 

. . Losses on disposals

 

 

 

. . Taxes relating to prior years

 

 

 

. . Other extraordinary expense

-300.000

 

 

Total extraordinary income and expense

-156.369

911.429

220.415

Results before income taxes

16.397.844

13.964.198

8.940.944

. Taxes on current income

6.095.800

5.186.078

3.796.393

. . current taxes

6.161.776

5.227.246

3.644.416

. . differed taxes(anticip.)

-65.976

-41.168

151.977

. Net income for the period

10.302.044

8.778.120

5.144.551

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

10.302.044

8.778.120

5.144.551

 

RATIOS

Value Type

as at 31/12/2013

as at 31/12/2012

as at 31/12/2011

Sector Average

COMPOSITION ON INVESTMENT

 

 

 

 

 

Rigidity Ratio

Units

0,49

0,55

0,65

0,18

Elasticity Ratio

Units

0,51

0,45

0,35

0,80

Availability of stock

Units

0,12

0,10

0,10

0,24

Total Liquidity Ratio

Units

0,38

0,34

0,24

0,48

Quick Ratio

Units

0,26

0,13

0,07

0,03

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

0,57

0,96

1,29

3,25

Self Financing Ratio

Units

0,40

0,38

0,35

0,19

Capital protection Ratio

Units

0,49

0,48

0,46

0,63

Liabilities consolidation quotient

Units

0,18

0,20

0,24

0,19

Financing

Units

1,29

1,39

1,58

3,80

Permanent Indebtedness Ratio

Units

0,49

0,48

0,47

0,36

M/L term Debts Ratio

Units

0,09

0,10

0,12

0,11

Net Financial Indebtedness Ratio

Units

0,00

0,00

0,00

0,63

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

0,99

0,87

0,72

1,75

Current ratio

Units

1,04

0,90

0,68

1,21

Acid Test Ratio-Liquidity Ratio

Units

0,79

0,69

0,48

0,81

Structure's primary quotient

Units

0,81

0,69

0,53

1,03

Treasury's primary quotient

Units

0,54

0,27

0,13

0,06

Rate of indebtedness ( Leverage )

%

251,19

262,24

286,45

516,42

Current Capital ( net )

Value

2.019.111

-5.308.388

-14.799.922

422.465

RETURN

 

 

 

 

 

Return on Sales

%

14,17

12,49

10,39

3,35

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

%

23,52

21,86

16,09

5,13

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

%

37,43

34,78

27,96

14,77

Return on Investment ( R.O.I. )

%

14,40

12,17

8,92

4,16

Return/ Sales

%

16,34

12,98

9,17

4,11

Extra Management revenues/charges incid.

%

65,02

68,49

62,96

28,57

Cash Flow

Value

13.744.089

12.327.783

9.258.436

122.482

Operating Profit

Value

15.844.988

12.817.292

8.171.126

144.752

Gross Operating Margin

Value

19.287.033

16.423.955

12.305.246

241.990

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

38,51

73,32

55,27

111,85

Debts to suppliers average term

Days

150,84

163,95

172,92

128,30

Average stock waiting period

Days

49,62

39,84

37,43

80,43

Rate of capital employed return ( Turnover )

Units

0,88

0,94

0,97

1,08

Rate of stock return

Units

7,26

9,04

9,62

4,45

Labour cost incidence

%

23,45

21,99

23,66

19,12

Net financial revenues/ charges incidence

%

0,72

0,11

0,73

-1,08

Labour cost on purchasing expenses

%

26,65

24,53

25,15

19,02

Short-term financing charges

%

0,66

0,27

0,55

2,68

Capital on hand

%

113,48

106,65

102,75

91,91

Sales pro employee

Value

136.579

145.624

217.958

198.432

Labour cost pro employee

Value

32.028

32.022

51.575

35.779

 

 

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

:

882.779

Population living in the region

:

4.699.950

Number of families in the region

:

1.813.210

 

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

 

- per food products

:

456

- per non food products

:

2.052

- per energy consume

:

127

 

 

Sector Data

 

The values are calculated on a base of 1.206 significant companies.

 

The companies cash their credits on an average of 112 dd.

The average duration of suppliers debts is about 128 dd.

The sector's profitability is on an average of 3,35%.

The labour cost affects the turnover in the measure of 19,12%.

Goods are held in stock in a range of 80 dd.

The difference between the sales volume and the resources used to realize it is about 1,08.

The employees costs represent the 19,02% of the production costs.

 

 

Statistical Detrimental Data

 

Statistcally the trade activity shows periods of crisis.

The area is statistically considered moderately risky.

In the region 13.782 protested subjects are found; in the province they count to 2.646.

The insolvency index for the region is 0,30, , while for the province it is 0,30.

Total Bankrupt companies in the province : 3.821.

Total Bankrupt companies in the region : 16.714.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.42

UK Pound

1

Rs.97.24

Euro

1

Rs.77.92

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIS

 

               

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.