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MIRA INFORM REPORT

 

 

Report Date :

16.09.2014              

 

IDENTIFICATION DETAILS

 

Name :

GRUPPO MONTI S.P.A.

 

 

Registered Office :

Via Saltore, 10 31052 – Maserada Sul Piave (TV) – IT -

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

12.06.1980

 

 

Legal Form :

Joint stock company

 

 

Line of Business :

Activities of head offices

 

 

No. of Employees :

1 to 5

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

 

Status :

Holding Company

Payment Behaviour :

Unknown

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 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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 and address

 

Gruppo Monti S.p.a.

 

Via

Saltore,

10

 

31052

- Maserada sul Piave

(TV)

-IT-

 

 

Summary

 

Fiscal Code

:

01218060265

Legal Form

:

Joint stock company

start of Activities

:

12/06/1980

Equity

:

Over 2.582.254

Turnover Range

:

unknown

Number of Employees

:

from 1 to 5

 

 

Activity

 

Activities of head offices

 

 

Legal Data

 

Legal Form : Joint stock company

Fiscal Code : 01218060265

 

Chamber of Commerce no. : 149723 of Treviso since 07/09/1981

 

Firms' Register : 14193 of Treviso

 

Firms' Register : TV086-14193 of Treviso

 

V.A.T. Code : 01218060265

 

Establishment date

: 25/06/1981

Start of Activities

: 12/06/1980

Legal duration

: 31/12/2030

Nominal Capital

: 8.000.000

 

Subscribed Capital

: 8.000.000

 

Paid up Capital

: 8.000.000

 

 

 

Members

 

Monti

Ruggero

 

 

Born in Maserada sul Piave

(TV)

on 23/11/1921

- Fiscal Code : MNTRGR21S23F012D

 

 

Residence:

 

Antonio Caccianiga

, 2

- 31030

Carbonera

(TV)

- IT -

 

Position

Since

Shares Amount

% Ownership

Board Chairman

02/07/2013

 

 

Managing Director

02/07/2013

 

 

Director

02/07/2013

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Monti

Bruno

 

 

Born in Treviso

(TV)

on 31/01/1957

- Fiscal Code : MNTBRN57A31L407Y

 

 

Residence:

 

Saltore

, 1

- 31052

Maserada sul Piave

(TV)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

02/07/2013

 

 

 

Monti

Paolo

 

 

Born in Maserada sul Piave

(TV)

on 28/06/1953

- Fiscal Code : MNTPLA53H28F012A

 

 

Residence:

 

Trevisana

, 7

- 31052

Maserada sul Piave

(TV)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

02/07/2013

 

 

 

Monti

Massimo

 

 

Born in Treviso

(TV)

on 05/03/1964

- Fiscal Code : MNTMSM64C05L407Z

 

 

Residence:

 

Pietro Maffetti

, 12

- 31100

Treviso

(TV)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

02/07/2013

 

 

 

Monti

Antonio

 

 

Born in Maserada sul Piave

(TV)

on 19/05/1951

- Fiscal Code : MNTNTN51E19F012M

 

 

Residence:

 

Trevisana

, 134

- 31052

Maserada sul Piave

(TV)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

02/07/2013

 

 

 

Bonaventura

Mariantonia

 

 

Born in Treviso

(TV)

on 14/04/1955

- Fiscal Code : BNVMNT55D54L407U

 

 

Residence:

 

Gerolamo Biscaro

, 29

- 31100

Treviso

(TV)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

02/07/2013

 

 

 

Stevenson

Guy Bruno

 

 

Born in Venezia

(VE)

on 08/06/1951

- Fiscal Code : STVGBR51H08L736E

 

 

Residence:

 

Saltore

, 1

- 31052

Maserada sul Piave

(TV)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

02/07/2013

 

 

Managing Director

02/07/2013

 

 

 

No Prejudicial events are reported

 

No Protests registered

 

Companies connected to members *

 

*checkings have been performed on a national scale.

 

In this module are listed the companies in which members hold or have holded positions.

 

Monti

Ruggero

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Tessitura Monti S.p.a.

Maserada sul Piave (TV) - IT -

01141930261

Managing Director

Withdrawn

Registered

Tessitura Monti S.p.a.

Maserada sul Piave (TV) - IT -

01141930261

Director

Withdrawn

Registered

Filatura Monti S.p.a.

Montebelluna (TV) - IT -

01141920262

Managing Director

Withdrawn

Ceased

Filatura Monti S.p.a.

Montebelluna (TV) - IT -

01141920262

Director

Withdrawn

Ceased

Filatura Monti S.p.a.

Montebelluna (TV) - IT -

01141920262

Managing Director

Withdrawn

Ceased

Gruppo Tessile Monti S.p.a.

Maserada sul Piave (TV) - IT -

00192050268

Managing Director

Withdrawn

Registered

Gruppo Tessile Monti S.p.a.

Maserada sul Piave (TV) - IT -

00192050268

Director

Withdrawn

Registered

Gruppo Tessile Monti S.p.a.

Maserada sul Piave (TV) - IT -

00192050268

Director

Withdrawn

Registered

Gruppo Tessile Monti S.p.a.

Maserada sul Piave (TV) - IT -

00192050268

Board Chairman

Withdrawn

Registered

Immobiliare Gruppo Monti S.r.l.

Maserada sul Piave (TV) - IT -

04024610265

Managing Director

Active

Registered

Immobiliare Gruppo Monti S.r.l.

Maserada sul Piave (TV) - IT -

04024610265

Director

Active

Registered

Immobiliare Gruppo Monti S.r.l.

Maserada sul Piave (TV) - IT -

04024610265

Board Chairman

Active

Registered

Fratelli Monti Tenuta Agricola E VallivaGrassabo'

Iesolo (VE) - IT -

00286880273

Partner

Withdrawn

Ceased

Monti Ruggero

Carbonera (TV) - IT -

MNTRGR21S23F012D

Proprietor

Withdrawn

Registered

Immobiliare M. Monti S.a.s.

Carbonera (TV) - IT -

00655330264

Limited Partner

Active

Registered

Immobiliare Tessitura Monti S.r.l.

Maserada sul Piave (TV) - IT -

03869340269

Managing Director

Withdrawn

Registered

Immobiliare Tessitura Monti S.r.l.

Maserada sul Piave (TV) - IT -

03869340269

Director

Withdrawn

Registered

Immobiliare Tessitura Monti S.r.l.

Maserada sul Piave (TV) - IT -

03869340269

Director

Withdrawn

Registered

 

Stevenson

Guy Bruno

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Tessitura Monti S.p.a.

Maserada sul Piave (TV) - IT -

01141930261

Director

Active

Registered

Gruppo Tessile Monti S.p.a.

Maserada sul Piave (TV) - IT -

00192050268

Director

Active

Registered

Gruppo Tessile Monti S.p.a.

Maserada sul Piave (TV) - IT -

00192050268

Board Chairman

Active

Registered

Finanziaria La Valle S.r.l.

Maserada sul Piave (TV) - IT -

02377600263

Managing Director

Active

Registered

Finanziaria La Valle S.r.l.

Maserada sul Piave (TV) - IT -

02377600263

Director

Active

Registered

Finanziaria La Valle S.r.l.

Maserada sul Piave (TV) - IT -

02377600263

Board Chairman

Active

Registered

Agricola Condulmer - S.p.a.

Mogliano Veneto (TV) - IT -

00222310260

Director

Active

Registered

Agricola Condulmer - S.p.a.

Mogliano Veneto (TV) - IT -

00222310260

Board Chairman

Active

Registered

Immobiliare Gruppo Monti S.r.l.

Maserada sul Piave (TV) - IT -

04024610265

Managing Director

Active

Registered

Immobiliare Gruppo Monti S.r.l.

Maserada sul Piave (TV) - IT -

04024610265

Director

Active

Registered

Investimenti Immobiliari Treviso S.p.a.

Treviso (TV) - IT -

04246420261

Director

Active

Registered

Investimenti Immobiliari Treviso S.p.a.

Treviso (TV) - IT -

04246420261

Board Chairman

Active

Registered

Verdi S.r.l.

Mogliano Veneto (TV) - IT -

04590540268

Sole 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

Monti Bruno

Maserada sul Piave - IT -

MNTBRN57A31L407Y

1.000.000 .Eur

12,50

Monti Giovanni

Maserada sul Piave - IT -

MNTGNN46T02F012A

444.445 .Eur

5,55

Monti Paolo

Maserada sul Piave - IT -

MNTPLA53H28F012A

1.333.334 .Eur

16,66

Monti Manuel

Cortina d'Ampezzo - IT -

MNTMNL50P02B744K

244.444 .Eur

3,05

Monti Massimo

Treviso - IT -

MNTMSM64C05L407Z

1.000.000 .Eur

12,50

Monti Antonio

Maserada sul Piave - IT -

MNTNTN51E19F012M

444.444 .Eur

5,55

Monti Venerio

Villorba - IT -

MNTVNR51E19F012E

444.444 .Eur

5,55

Stevenson Guy Bruno

Maserada sul Piave - IT -

STVGBR51H08L736E

1.000.000 .Eur

12,50

Barnabo' Cosima

 

BRNCSM68H55L736L

166.667 .Eur

2,08

Barnabo' Alessandro

 

BRNLSN72D12L736V

166.666 .Eur

2,08

Barnabo' Mattia

 

BRNMTT74P25L736L

166.667 .Eur

2,08

Pianca Maria Vittoria

 

PNCMVT79C64C957X

166.666 .Eur

2,08

Bonaventura Mariaantonia

 

BNVMNT55D54L407U

500.000 .Eur

6,25

Boanventura Riccardo

 

BNVRCR59T19L407B

500.000 .Eur

6,25

Monti Manuel

 

MNTMNL50P02B744K

422.223 .Eur

5,27

 

 

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

Gruppo Tessile Monti S.p.a.

Maserada sul Piave - IT -

00192050268

 

22,06

 

 

Active

Immobiliare Gruppo Monti S.r.l.

Maserada sul Piave - IT -

04024610265

70.000 .Eur

70,00

 

 

Active

Real Immobiliare S.r.l.

Maserada sul Piave - IT -

02240170262

40.000 .Eur

100,00

 

 

Active

Finanziaria La Valle S.r.l.

Maserada sul Piave - IT -

02377600263

51.000 .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

 

 

 

 

 

 

 

Saltore

, 10

- 31052

- Maserada sul Piave

(TV)

- IT -

 

 

 

 

PHONE

: 0422877250



Historical Information and/or Firm's Status

 

EX-MEMBERS / EX-POSITIONS:

 

Trinca

Flavio

 

 

Born in Montebelluna

(TV)

on 18/07/1939

- Fiscal Code : TRNFLV39L18F443Q

 

 

Residence:

 

Santa Maria In Colle

, 13

- 31044

Montebelluna

(TV)

- IT -

 

Ex-Postions

Chairman of the Board of Aud.

 

Monti

Giorgio

 

 

Born in Maserada sul Piave

(TV)

on 30/01/1923

- Fiscal Code : MNTGRG23A30F012M

 

 

Residence:

 

F. Filzi

, 16

- 31100

Treviso

(TV)

- IT -

 

Ex-Postions

Director

Director

Managing Director

 

Monti

Ruggero

 

 

Born in Maserada sul Piave

(TV)

on 23/11/1921

- Fiscal Code : MNTRGR21S23F012D

 

 

Residence:

 

Antonio Caccianiga

, 2

- 31030

Carbonera

(TV)

- IT -

 

Ex-Postions

Director

Director

 

Monti

Bruno

 

 

Born in Treviso

(TV)

on 31/01/1957

- Fiscal Code : MNTBRN57A31L407Y

 

 

Residence:

 

Saltore

, 1

- 31052

Maserada sul Piave

(TV)

- IT -

 

Ex-Postions

Director

 

Monti

Giovanni

 

 

Born in Maserada sul Piave

(TV)

on 02/12/1946

- Fiscal Code : MNTGNN46T02F012A

 

 

Residence:

 

Marconi Guglielmo

, 4

- 31052

Maserada sul Piave

(TV)

- IT -

 

Ex-Postions

Director

 

Monti

Paolo

 

 

Born in Maserada sul Piave

(TV)

on 28/06/1953

- Fiscal Code : MNTPLA53H28F012A

 

 

Residence:

 

Trevisana

, 7

- 31052

Maserada sul Piave

(TV)

- IT -

 

Ex-Postions

Director

 

Stevenson

Guy

 

 

Born in Venezia

(VE)

on 08/06/1951

- Fiscal Code : STVGYU51H08L736F

 

 

Residence:

 

Saltore

, 1

- 31052

Maserada sul Piave

(TV)

- IT -

 

Ex-Postions

Director



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

 

Meaningless Balance-sheet analysis



Financial Data

 

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Profit (Loss) for the period

-1.535.789

 

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Profit (Loss) for the period

-2.045.735

 

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Profit (Loss) for the period

-4.833.032



Balance Sheets

 

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

 

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

 

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

 

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

 

Years

2012

2011

2010

BALANCE SHEET ACCOUNTS

 

ASSETS

 

 

 

CREDITS VS PARTNERS

 

 

 

. Deposits not yet withdrawn

 

 

 

. Deposits already withdrawn

 

 

 

Total credits vs partners

 

 

 

FIXED ASSETS

 

 

 

. INTANGIBLE FIXED ASSETS

 

 

 

. . Start-up and expansion expenses

 

 

 

. . Research,develop. and advert.expens.

 

 

 

. . Industrial patent rights

 

 

 

. . Concessions,licenses,trademarks,etc.

 

 

 

. . Goodwill

 

 

 

. . Assets in formation and advance paymen.

 

 

 

. . Other intangible fixed assets

 

167

333

. Total Intangible Fixed Assets

 

167

333

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

 

 

 

. . Plant and machinery

 

 

 

. . Industrial and commercial equipment

 

 

 

. . Other assets

 

 

 

. . Assets under construction and advances

 

 

 

. Total Tangible fixed assets

 

 

 

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

21.900.429

23.716.429

27.039.429

. . . Equity invest. in subsidiary companies

21.886.957

23.702.957

27.025.957

. . . Equity invest. in associated companies

 

 

 

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

13.472

13.472

13.472

. . Financial receivables

9.703.152

9.703.152

9.703.152

. . . . Within 12 months

4.703.152

4.703.152

4.703.152

. . . . Beyond 12 months

5.000.000

5.000.000

5.000.000

. . . Receivab due from subsidiaries

9.703.152

9.703.152

9.703.152

. . . . Within 12 months

4.703.152

4.703.152

4.703.152

. . . . Beyond 12 months

5.000.000

5.000.000

5.000.000

. . . 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

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Other securities

 

 

 

. . Own shares

 

 

 

. . . Total nominal value

 

 

 

. Total financial fixed assets

31.603.581

33.419.581

36.742.581

Total fixed assets

31.603.581

33.419.748

36.742.914

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

 

 

 

. . Work in progress and semimanufactured

 

 

 

. . Work in progress on order

 

 

 

. . Finished goods

 

 

 

. . Advance payments

 

 

 

. Total Inventories

 

 

 

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

234.092

287.591

208.027

. . Beyond 12 months

56

56

56

. . Trade receivables

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from subsid. comp.

204.227

247.920

135.314

. . . . Within 12 months

204.227

247.920

135.314

. . . . 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

1.936

1.936

47.135

. . . . Within 12 months

1.880

1.880

47.079

. . . . Beyond 12 months

56

56

56

. . Receivables for anticipated taxes

27.985

24.614

18.194

. . . . Within 12 months

27.985

24.614

18.194

. . . . Beyond 12 months

 

 

 

. . Receivables due from third parties

 

13.177

7.440

. . . . Within 12 months

 

13.177

7.440

. . . . Beyond 12 months

 

 

 

. Total Credits not held as fixed assets

234.148

287.647

208.083

. FINANCIAL ASSETS

 

 

 

. . Equity invest. in subsidiary comp.

 

 

 

. . Equity invest. in associated companies

 

 

 

. . Equity invest. in holding companies

 

 

 

. . Other equity investments

154

154

154

. . Own shares

 

 

 

. . . Total nominale value

 

 

 

. . Other securities

 

 

 

. Total Financial Assets

154

154

154

. LIQUID FUNDS

 

 

 

. . Bank and post office deposits

669

2.682

18.158

. . Checks

 

 

 

. . Banknotes and coins

594

174

230

. Total Liquid funds

1.263

2.856

18.388

Total current assets

235.565

290.657

226.625

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

 

 

 

. Other adjustment accounts

 

 

 

Total adjustments accounts

 

 

 

TOTAL ASSETS

31.839.146

33.710.405

36.969.539

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

8.000.000

8.000.000

8.000.000

. Additional paid-in capital

 

 

 

. Revaluation reserves

138.264

138.264

138.264

. Legal reserve

1.600.000

1.600.000

1.600.000

. Reserve for Own shares

 

 

 

. Statute reserves

 

 

 

. Other reserves

10.193.586

12.599.321

19.056.354

. Accumulated Profits (Losses)

 

 

 

. Profit( loss) of the year

-1.535.789

-2.045.735

-4.833.032

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

18.396.061

20.291.850

23.961.586

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

 

 

 

. . Taxation fund, also differed

 

 

 

. . Other funds

 

 

 

Total Reserves for Risks and Charges

 

 

 

Employee termination indemnities

 

 

 

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

5.543.085

5.518.555

5.107.953

. . . . Beyond 12 months

7.900.000

7.900.000

7.900.000

. . Bonds

7.900.000

7.900.000

7.900.000

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

7.900.000

7.900.000

7.900.000

. . Convertible bonds repayable

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to shareholders for financing

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to banks

527.964

531.268

505.868

. . . . Within 12 months

527.964

531.268

505.868

. . . . Beyond 12 months

 

 

 

. . Due to other providers of finance

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Advances from customers

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Trade payables

16.162

12.197

29.144

. . . . Within 12 months

16.162

12.197

29.144

. . . . Beyond 12 months

 

 

 

. . Securities issued

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to subsidiary companies

4.464.345

4.528.990

4.463.102

. . . . Within 12 months

4.464.345

4.528.990

4.463.102

. . . . 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

159.692

102.795

 

. . . . Within 12 months

159.692

102.795

 

. . . . Beyond 12 months

 

 

 

. . Due to social security and welfare inst.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Other payables

374.922

343.305

109.839

. . . . Within 12 months

374.922

343.305

109.839

. . . . Beyond 12 months

 

 

 

Total accounts payable

13.443.085

13.418.555

13.007.953

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

 

 

 

Total adjustment accounts

 

 

 

TOTAL LIABILITIES

31.839.146

33.710.405

36.969.539

 

 

 

 

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

 

 

 

Investment accounts

 

 

 

Risk accounts

 

16.517.996

15.228.122

Civil and fiscal norms relation

 

 

 

 

 

 

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

 

 

 

. Revenues from sales and services

 

 

 

. Changes in work in progress

 

 

 

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

 

 

 

. Other income and revenues

1

520

1

. . Contributions for operating expenses

 

 

 

. . Different income and revenues

1

520

1

Total value of production

1

520

1

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

 

 

 

. Services received

 

 

 

. Leases and rentals

65.781

60.340

86.221

. Payroll and related costs

 

 

 

. . Wages and salaries

 

 

 

. . Social security contributions

 

 

 

. . Employee termination indemnities

 

 

 

. . Pension and similar

 

 

 

. . Other costs

 

 

 

. Amortization and depreciation

167

167

167

. . Amortization of intangible fixed assets

167

167

167

. . Amortization of tangible fixed assets

 

 

 

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

 

 

 

. Changes in raw materials

 

 

 

. Provisions to risk reserves

 

 

 

. Other provisions

 

 

 

. Other operating costs

1.949

1.598

4.974

Total production costs

67.897

62.105

91.362

Diff. between value and cost of product.

-67.896

-61.585

-91.361

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

198

231

581

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

198

231

581

. Other financial income

172.136

171.678

185.858

. . Financ.income from receivables

172.135

171.665

185.855

. . . Towards subsidiary companies

172.135

171.665

185.855

. . . Towards associated companies

 

 

 

. . . Towards holding companies

 

 

 

. . . Towards other companies

 

 

 

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

 

 

 

. . Financ.income from secur. cur.assets

 

 

 

. . Financ.income other than the above

1

13

3

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

1

13

3

. Interest and other financial expense

-204.727

-465.004

-450.513

. . Towards subsidiary companies

-133.955

-133.589

-122.869

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

204.727

331.415

327.644

Total financial income and expense

-32.393

-293.095

-264.074

ADJUSTMENTS TO FINANCIAL ASSETS

 

 

 

. Revaluations

73.000

74.000

2.258.000

. . Of equity investments

73.000

74.000

2.258.000

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

 

 

 

. . Of securities incl.among current assets

 

 

 

. Devaluation

-1.523.000

-1.773.000

-6.769.000

. . Of equity investments

-1.523.000

-1.773.000

-6.769.000

. . Of financial fixed assets (no equity inv)

 

 

 

. . Of securities included among current ass

 

 

 

Total adjustments to financial assets

-1.450.000

-1.699.000

-4.511.000

EXTRAORDINARY INCOME AND EXPENSE

 

 

 

. Extraordinary income

1

 

 

. . Gains on disposals

 

 

 

. . Other extraordinary income

1

 

 

. Extraordinary expense

-6.000

 

-6.864

. . Losses on disposals

 

 

 

. . Taxes relating to prior years

 

 

 

. . Other extraordinary expense

-6.000

 

-6.864

Total extraordinary income and expense

-5.999

-1

-6.864

Results before income taxes

-1.556.288

-2.053.681

-4.873.299

. Taxes on current income

-20.499

-7.946

-40.267

. . current taxes

 

 

 

. . differed taxes(anticip.)

-20.499

-7.946

-40.267

. Net income for the period

-1.535.789

-2.045.735

-4.833.032

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

-1.535.789

-2.045.735

-4.833.032

 

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

0,99

0,99

0,99

0,72

Elasticity Ratio

Units

0,01

0,01

0,01

0,27

Availability of stock

Units

n.c.

n.c.

n.c.

0,02

Total Liquidity Ratio

Units

0,01

0,01

0,01

0,25

Quick Ratio

Units

0,00

0,00

0,00

0,01

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

0,30

0,27

0,21

0,76

Self Financing Ratio

Units

0,58

0,60

0,65

0,50

Capital protection Ratio

Units

0,65

0,71

0,87

0,62

Liabilities consolidation quotient

Units

1,43

1,43

1,55

0,29

Financing

Units

0,73

0,66

0,54

0,95

Permanent Indebtedness Ratio

Units

0,83

0,84

0,86

0,69

M/L term Debts Ratio

Units

0,25

0,23

0,21

0,13

Net Financial Indebtedness Ratio

Units

0,46

0,42

0,35

0,39

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

0,83

0,84

0,87

1,00

Current ratio

Units

0,04

0,05

0,04

0,92

Acid Test Ratio-Liquidity Ratio

Units

0,04

0,05

0,04

0,91

Structure's primary quotient

Units

0,58

0,61

0,65

0,76

Treasury's primary quotient

Units

0,00

0,00

0,00

0,03

Rate of indebtedness ( Leverage )

%

173,08

166,13

154,29

194,34

Current Capital ( net )

Value

-5.307.520

-5.227.898

-4.881.328

-14.487

RETURN

 

 

 

 

 

Return on Sales

%

n.c.

n.c.

n.c.

16,31

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

%

-8,35

-10,08

-20,17

1,57

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

%

-8,46

-10,12

-20,34

2,32

Return on Investment ( R.O.I. )

%

-0,21

-0,18

-0,25

-0,29

Return/ Sales

%

n.c.

n.c.

n.c.

1,46

Extra Management revenues/charges incid.

%

n.c.

n.c.

n.c.

57,83

Cash Flow

Value

-1.535.622

-2.045.568

-4.832.865

43.237

Operating Profit

Value

-67.896

-61.585

-91.361

-9.449

Gross Operating Margin

Value

-67.729

-61.418

-91.194

-1.331

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

n.c.

n.c.

n.c.

103,71

Debts to suppliers average term

Days

24520,49

27093,59

18756,55

110,56

Average stock waiting period

Days

n.c.

n.c.

n.c.

23,72

Rate of capital employed return ( Turnover )

Units

n.c.

n.c.

n.c.

0,06

Rate of stock return

Units

n.c.

n.c.

n.c.

15,16

Labour cost incidence

%

n.c.

n.c.

n.c.

32,17

Net financial revenues/ charges incidence

%

n.c.

n.c.

n.c.

-2,14

Labour cost on purchasing expenses

%

n.c.

n.c.

n.c.

28,63

Short-term financing charges

%

1,52

3,47

3,46

3,24

Capital on hand

%

n.c.

n.c.

n.c.

1456,40

Sales pro employee

Value

 

 

 

165.171

Labour cost pro employee

Value

 

 

 

38.853



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

:

838.732

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 41 significant companies.

 

The companies cash their credits on an average of 104 dd.

The average duration of suppliers debts is about 111 dd.

The sector's profitability is on an average of 16,31%.

The labour cost affects the turnover in the measure of 32,17%.

Goods are held in stock in a range of 24 dd.

The difference between the sales volume and the resources used to realize it is about 0,06.

The employees costs represent the 28,63% of the production costs.

 

 

Statistical Detrimental Data

 

Statistcally the trade activity shows periods of crisis.

The area is statistically considered lowly risky.

In the region 13.782 protested subjects are found; in the province they count to 2.280.

The insolvency index for the region is 0,30, , while for the province it is 0,28.

Total Bankrupt companies in the province : 3.317.

Total Bankrupt companies in the region : 16.714.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.99

UK Pound

1

Rs.99.09

Euro

1

Rs.79.03

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

PDT

 

               

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.