MIRA INFORM REPORT

 

 

Report No. :

315677

Report Date :

06.04.2015

 

IDENTIFICATION DETAILS

 

Name :

DANA ITALIA S.P.A.

 

 

Registered Office :

Localita' Linfano,

38062- Arco, (TN)

 

 

Country :

Italy

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

28.06.1988

 

 

Legal Form :

Joint stock company with sole shareholder

 

 

Line of Business :

  • Manufacture of bearings, gears, gearing and driving elements( except hydraulics
  • Manufacture of parts and accessories for motor vehicles

 

 

No. of Employee :

from 1000 to 1500

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Italy

A1

A1

 

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

 

DANA ITALIA S.P.A.

 

Localita' Linfano,

 

38062- Arco, (TN), -IT-

 

 

Summary

 

Fiscal Code

:

09338680151

Legal Form

:

Joint stock company with sole shareholder

start of Activities

:

14/12/1998

Equity

:

Over 2.582.254

Turnover Range

:

over 129.114.224

Number of Employees

:

from 1000 to 1500

Group

:

DANA

 

 

Activity

 

Manufacture of bearings, gears, gearing and driving elements( except hydraulics)

Manufacture of parts and accessories for motor vehicles

 

Legal Data

 

Legal Form : Joint stock company with sole shareholder

Fiscal Code : 09338680151

 

Foreign Trade Reg. no. : TN019505 since 24/02/1999

 

Foreign Trade Reg. no. : 019505 of Trento since 24/02/1999

 

Chamber of Commerce no. : 254352 of Como

 

Chamber of Commerce no. : 416668 of Firenze since 25/05/1989

 

Chamber of Commerce no. : 1286904 of Milano

 

Chamber of Commerce no. : 165755 of Trento since 19/01/1999

 

Chamber of Commerce no. : 182714 of Vercelli

 

Firms' Register : TN-1999-5082 of Trento since 23/02/1999

 

V.A.T. Code : 01638270221

 

Establishment date

: 28/06/1988

Start of Activities

: 14/12/1998

Legal duration

: 31/12/2100

Nominal Capital

: 18.594.000

Subscribed Capital

: 18.594.000

Paid up Capital

: 18.594.000

 

Legal mail :

trento.dana@legalmail.it

 

Legal mail :

DANAITALIA@LEGALMAIL.IT

 

 

Members

 

Tarolli

Rino

 

Born in Riva del Garda

(TN)

on 08/06/1957

- Fiscal Code : TRLRNI57H08H330Y

 

Residence:

Ballino

, 3

- 38066

Riva del Garda

(TN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

09/07/2012

Board Chairman

09/07/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Cammarata

Girolamo

 

Born in Novi Ligure

(AL)

on 07/07/1867

- Fiscal Code : CMMGLM67L07F965P

 

Residence:

Torino

, 18

- 10093

Collegno

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

10/07/2008

 

No Prejudicial events are reported

 

No Protests registered

 

Benini

Alessandro

 

Born in Riva del Garda

(TN)

on 22/04/1966

- Fiscal Code : BNNLSN66D22H330S

 

Residence:

Fornasetta

, 33

- 38066

Riva del Garda

(TN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

09/11/2001

 

No Prejudicial events are reported

 

No Protests registered

 

Maranelli

Massimo

 

Born in Ala

(TN)

on 27/03/1968

- Fiscal Code : MRNMSM68C27A116Y

 

Residence:

Teatro

, 23

- 38061

Ala

(TN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

29/11/2010

 

No Prejudicial events are reported

 

No Protests registered

 

Olivero

Giuseppe

 

Born in Vercelli

(VC)

on 17/07/1958

- Fiscal Code : LVRGPP58L17L750E

 

Residence:

Marone

, 5

- 10010

Barone Canavese

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

09/11/2004

 

No Prejudicial events are reported

 

No Protests registered

 

Foletti

Matteo

 

Born in Rovereto

(CR)

on 19/11/1971

- Fiscal Code : FLTMTT71S19H612H

 

Residence:

Chiesa

, 2/A

- 38069

Nago-Torbole

(TN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

31/10/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Severino

Giuseppe

 

Born in Novara

(NO)

on 07/01/1960

- Fiscal Code : SVRGPP60A07F952E

 

Residence:

Nazionale Per Carema

, 46

- 11026

Pont Saint Martin

(AO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

09/11/2004

 

No Prejudicial events are reported

 

No Protests registered

 

Bernasconi

Ernesto

 

Born in Uggiate-Trevano

(CO)

on 12/03/1962

- Fiscal Code : BRNRST62C12L487C

 

Residence:

Volta

, 20

- 22029

Uggiate-Trevano

(CO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

09/11/2004

 

No Prejudicial events are reported

 

No Protests registered

 

Parodi

Maurizio

 

Born in Asti

(AT)

on 16/04/1968

- Fiscal Code : PRDMRZ68D16A479Z

 

Residence:

Bonzanigo

, 19

- 14100

Asti

(AT)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

15/01/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Santuliana

Luca

 

Born in Arco

(TN)

on 16/12/1967

- Fiscal Code : SNTLCU67T16A372Q

 

Residence:

Venezia

, 3

- 38062

Arco

(TN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

29/04/2009

 

No Prejudicial events are reported

 

No Protests registered

 

Scotti

Giovanna

 

Born in Rovereto

(CR)

on 01/09/1970

- Fiscal Code : SCTGNN70P41H612P

 

Residence:

Lungo Leno Destro

, 23/C

- 38068

Rovereto

(TN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

26/09/2011

 

No Prejudicial events are reported

 

No Protests registered

 

De Marco

Maria Cristina

 

Born in Nardo'

(LE)

on 08/03/1969

- Fiscal Code : DMRMCR69C48F842Q

 

Residence:

Valpolicella

, 43

- 37124

Verona

(VR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

31/10/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Vecchioni

Bernhard

 

Born in Muenchen

( )

on 05/09/1960

- Fiscal Code : VCCBNH60P05Z112D

 

Residence:

Loc. Pregasina

, 89

- 38066

Riva del Garda

(TN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

23/05/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Toniotti

Roberta

 

Born in Riva del Garda

(TN)

on 14/01/1980

- Fiscal Code : TNTRRT80A54H330H

 

Residence:

Verde

, 17

- 38062

Arco

(TN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

15/01/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Cosoli

Ettore

 

Born in Venezia

(VE)

on 05/03/1970

- Fiscal Code : CSLTTR70C05L736C

 

Residence:

G. Ciscato

, 2

- 35126

Padova

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/12/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Biddle

Kevin Bruce

 

Born in Windsor Ontario

( )

on 24/02/1955

 

Residence:

Bostwick Road

, 4160

- 43551

Perrysburg Ohio

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

09/07/2012

 

 

 

Position

Since

Shares Amount

% Ownership

Sole partner

 

No Protests registered

 

Turati

Davide

 

Born in Monza

(MB)

on 18/11/1974

- Fiscal Code : TRTDVD74S18F704P

 

Residence:

Giorgio Biondi

, 5/B

- 20834

Nova Milanese

(MB)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

10/09/2014

 

No Protests registered

 

Dana Europe S.a.

 

 

Position

Since

Shares Amount

% Ownership

Partner

 

No Protests registered

 

Monti

Marco

 

Born in Como

(CO)

on 09/02/1971

- Fiscal Code : MNTMRC71B09C933J

 

Residence:

Xxv Aprile

, 8

- 22012

Cernobbio

(CO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

26/06/2013

Procurator

23/03/2015

 

No Prejudicial events are reported

 

No Protests registered

 

Vince

Giuseppe

 

Born in Torino

(TO)

on 16/03/1965

- Fiscal Code : VNCGPP65C16L219B

 

Residence:

Angeloni

, 4

- 00049

Velletri

(RM)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

16/03/2015

 

No Protests registered

 

Benuzzi

Franco

 

Born in Rovereto

(CR)

on 03/10/1961

- Fiscal Code : BNZFNC61R03H612S

 

Residence:

Cerere

, 5/D

- 38062

Arco

(TN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

09/07/2012



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.

 

Tarolli

Rino

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Clark Hurth Components S.p.a.

Arco (TN) - IT -

01550500225

Attorney with special power

Withdrawn

Merged

Dana Rexroth Transmission Systems S.r.l.

Arco (TN) - IT -

06262230961

Director

Active

Registered

Dana Rexroth Transmission Systems S.r.l.

Arco (TN) - IT -

06262230961

Assistant board Chairman

Active

Registered

Dana Mechatronics Technology Center S.r.l.

Arco (TN) - IT -

02374050223

Director

Active

Registered

Dana Mechatronics Technology Center S.r.l.

Arco (TN) - IT -

02374050223

Board Chairman

Active

Registered

 

The indication "REGISTERED" as Firm Status could refer to Firms in Liquidation, Active, Inactive, etc.

For more information, in this case, we advise to request further investigations.

 


Capital Shareholders

Shareholders' list as at date of data collection:

 

Firm's Style / Name

Seat / Residence

Fiscal Code

Owned Shares

% Ownership

Dana Europe S.a.

100,00

 

Direct Participations

 

The Company under review has participations in the following Companies:

 

Firm's Style

Seat

Fiscal Code

Owned Shares Amount

% Ownership

since

until

Share Status

Dana Rexroth Transmission Systems S.r.l.

Arco - IT -

06262230961

50.000 .Eur

50,00

Active

Dana Mechatronics Technology Center S.r. l.

Arco - IT -

02374050223

50.000 .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

 

Linfano

- 38062

- Arco

(TN)

- IT -

 

PHONE

: 0464580111

 

FAX

: 0464580444

 

Legal mail

: trento.dana@legalmail.it

 

Legal mail

: DANAITALIA@LEGALMAIL.IT

 

-

Branch

(Factory)

since 21/01/1999

 

Fornaci

, Loc: LOC. LAVINI DI MARCO

- 38068

- Rovereto

(TN)

- IT -

 

PHONE

: 0464306811

 

-

Branch

(Factory)

since 01/02/2003

 

Dell' Industria

, 4

- 22070

- Montano Lucino

(CO)

- IT -

 

-

Branch

(Shop)

 

Dell' Industria

, 4

- 22070

- Montano Lucino

(CO)

- IT -

 

-

Branch

(Factory)

since 01/12/2004

 

Torino

, N.10

- 13044

- Crescentino

(VC)

- IT -

 

Employees

: 1.176

 

Fittings and Equipment for a value of 18.140.000

Eur

 

Stocks for a value of 38.490.000

Eur

 

Trade organization: direct or by agents.

The company sells in Italy and abroad.

 

Import comes generally from the following nations:

- Great Britain

 

 

 

Historical Information and/or Firm's Status

 

 

CHANGES TO THE LEGAL FORM:

 

Former legal form

New legal form

Changement Date

Joint stock company

Joint stock company with sole shareholder

10/01/1997

 

EX-MEMBERS / EX-POSITIONS:

 

Benuzzi

Franco

 

Born in Rovereto

(CR)

on 03/10/1961

- Fiscal Code : BNZFNC61R03H612S

 

Residence:

Cerere

, 5/D

- 38062

Arco

(TN)

- IT -

 

Ex-Postions

Attorney with special power

 

Sciliberto

Sebastiano

 

Born in Roma

(RM)

on 24/04/1964

- Fiscal Code : SCLSST64D24H501U

 

Residence:

Giosue' Carducci

, 4

- 00100

Roma

(RM)

- IT -

 

Ex-Postions

Temporary Auditor

 

Franzosi

Pietro

 

Born in Bolzano Novarese

(NO)

on 04/12/1952

- Fiscal Code : FRNPTR52T04A953L

 

Residence:

Galas

, 1

- 38066

Riva del Garda

(TN)

- IT -

 

Ex-Postions

Procurator

 

Dana Europe S.a.

 

 

Ex-Postions

Sole partner

 

Delmastro

Massimo

 

Born in Torino

(TO)

on 27/02/1961

- Fiscal Code : DLMMSM61B27L219P

 

Residence:

C. Angelini

, 5

- 13044

Crescentino

(VC)

- IT -

 

Ex-Postions

Procurator

 

Da Silva

Josemir

 

Born in Bento Goncalves

( )

on 21/04/1962

- Fiscal Code : DSLJMR62D21Z602O

 

Residence:

Fornaci

, 16

- 38062

Arco

(TN)

- IT -

 

Ex-Postions

Procurator

 

DAMENO

VIRGINIO

 

Born in MAGENTA

(MI)

on 29/09/1948

- Fiscal Code : DMNVGN48P29E801Y

 

Residence:

MENTANA

, 2

- 20013

Magenta

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

ANDREATTA

GIULIANO

 

Born in BASELGA DI PINE'

(TN)

on 02/12/1949

- Fiscal Code : NDRGLN49T02A694U

 

Residence:

- 38042

Baselga di Pine'

(TN)

- IT -

 

Ex-Postions

Attorney with special power

 

GIRARDI

ANGELO

 

Born in RIVA DEL GARDA

(TN)

on 06/09/1962

- Fiscal Code : GRRNGL62P06H330C

 

Residence:

LUNGO AVISIO

, 26

- 38015

Lavis

(TN)

- IT -

 

Ex-Postions

Attorney with special power

 

Consolati

Renzo

 

Born in Riva del Garda

(TN)

on 28/01/1949

- Fiscal Code : CNSRNZ49A28B157Z

 

Residence:

Cattoni

, 7/C

- 38066

Riva del Garda

(TN)

- IT -

 

Ex-Postions

Procurator

Procurator

 

Verholle

Frantz

 

Born in Algeri

( )

on 09/04/1960

- Fiscal Code : VRHFNT60D09Z301H

 

Residence:

Moreno

, 23

- 12038

Savigliano

(CN)

- IT -

 

Ex-Postions

Procurator

 

Osello

Pietro

 

Born in Venezia

(VE)

on 26/05/1967

- Fiscal Code : SLLPTR67E26L736L

 

Residence:

Alla Pelegrina

, 30

- 38100

Trento

(TN)

- IT -

 

Ex-Postions

Attorney with special power

Procurator

 

ANDREATTA

SERGIO

 

Born in TRENTO

(TN)

on 24/08/1961

- Fiscal Code : NDRSRG61M24L378W

 

Residence:

LUTTI

, 4

- 38066

Riva del Garda

(TN)

- IT -

 

Ex-Postions

Procurator

 

Melisse

Marco

 

Born in Roma

(RM)

on 18/10/1966

- Fiscal Code : MLSMRC66R18H501C

 

Residence:

Giosue' Carducci

, 4

- 00100

Roma

(RM)

- IT -

 

Ex-Postions

Temporary Auditor

Permanent Auditor

 

Allegranza

Franco

 

Born in Torino

(TO)

on 04/06/1951

- Fiscal Code : LLGFNC51H04L219F

 

Residence:

Faldella

, 86/L

- 13044

Crescentino

(VC)

- IT -

 

Ex-Postions

Procurator

 

Amilicia

Carlo

 

Born in Torino

(TO)

on 17/05/1960

- Fiscal Code : MLCCRL60E17L219F

 

Residence:

Silone

, 4

- 10090

Rivalta di Torino

(TO)

- IT -

 

Ex-Postions

Procurator

 

Von Kuensberg

Cornelia

 

Born in Erlangen

( )

on 18/03/1965

- Fiscal Code : VNKCNL65C58Z112I

 

Residence:

Usserdorfstrasse

, 14

Weiningen

- CH -

 

Ex-Postions

Director

Board Chairman

 

DANA CORPORATION

 

 

Ex-Postions

Sole partner

 

Zanivan

Gianluca

 

Born in Rovereto

(CR)

on 02/10/1971

- Fiscal Code : ZNVGLC71R02H612N

 

Residence:

Della Fitta

, 9

- 38060

Nago-Torbole

(TN)

- IT -

 

Ex-Postions

Procurator

 

DALCEGGIO

DIEGO

 

Born in PIEVE TESINO

(TN)

on 18/05/1963

- Fiscal Code : DLCDGI63E18G656H

 

Residence:

TRENTO

, 55/A

- 38050

Castelnuovo

(TN)

- IT -

 

Ex-Postions

Procurator

 

DOSSI

ANDREA

 

Born in ROVERETO

(CR)

on 25/09/1961

- Fiscal Code : DSSNDR61P25H612G

 

Residence:

MARCOLINI

, 11

- 38060

Calliano

(TN)

- IT -

 

Ex-Postions

Procurator

 

DANA CORPORATION

 

 

Ex-Postions

Sole partner

 

Biddle

Kevin Bruce

 

Born in Windsor Ontario

( )

on 24/02/1955

 

Residence:

Bostwick Road

, 4160

- 43551

Perrysburg Ohio

- IT -

 

Ex-Postions

Director

 

Zubialde Legarreta

Jorge

 

Born in Toronto

( )

on 21/07/1967

 

Ex-Postions

Director

 

Dana Europe S.a.

 

 

Ex-Postions

Sole partner

 

Vergottini

Dario

 

Born in Bellano

(CO)

on 16/12/1973

- Fiscal Code : VRGDRA73T16A745H

 

Residence:

Don Milani

, 16

- 23880

Casatenovo

(LC)

- IT -

 

Ex-Postions

Procurator

 

Fonseca

Eduardo Celso

 

Born in San Paolo

(BS)

on 23/03/1972

- Fiscal Code : FNSDDC72C23Z602Y

 

Residence:

Dante

, 25

- 38066

Riva del Garda

(TN)

- IT -

 

Ex-Postions

Procurator

 

De Frenza

Rocco

 

Born in Ortona

(CH)

on 10/08/1949

- Fiscal Code : DFRRCC49M10G141O

 

Residence:

Dei Tigli

, 16/F

- 38066

Riva del Garda

(TN)

- IT -

 

Ex-Postions

Procurator

 

Maraschin

Michele

 

Born in Rovereto

(CR)

on 02/12/1965

- Fiscal Code : MRSMHL65T02H612Y

 

Residence:

Rosmini

, 24

- 38060

Isera

(TN)

- IT -

 

Ex-Postions

Procurator

 

Biddle

Kevin Bruce

 

Born in Windsor Ontario

( )

on 24/02/1955

 

Residence:

Bostwick Road

, 4160

- 43551

Perrysburg Ohio

- IT -

 

Ex-Postions

Director

 

Dana Europe S.a.

 

 

Ex-Postions

Sole partner

 

Bradu

Pascal

 

Born in Noyon

( )

on 05/10/1972

- Fiscal Code : BRDPCL72R05Z110S

 

Residence:

319 Ravinenview Way

, .

Oakville On Lew

- CA -

 

Ex-Postions

Procurator

 

Biddle

Kevin Bruce

 

Born in Windsor Ontario

( )

on 24/02/1955

 

Residence:

Bostwick Road

, 4160

- 43551

Perrysburg Ohio

- IT -

 

Ex-Postions

Director

 

Dana Europe S.a.

 

 

Ex-Postions

Sole partner

 

Kluc

Andrea

 

Born in Rovereto

(CR)

on 11/10/1978

- Fiscal Code : KLCNDR78R11H612N

 

Residence:

Scuole

, 27

- 38068

Rovereto

(TN)

- IT -

 

Ex-Postions

Procurator

 

Tucunduva Neto

Horacio

 

Born in Assis

( )

on 01/01/1961

- Fiscal Code : TCNHRC61A01Z602L

 

Residence:

Morette

, 3

- 37121

Verona

(VR)

- IT -

 

Ex-Postions

Procurator

 

Biddle

Kevin Bruce

 

Born in Windsor Ontario

( )

on 24/02/1955

 

Residence:

Bostwick Road

, 4160

- 43551

Perrysburg Ohio

- IT -

 

Ex-Postions

Director

 

Dana Europe S.a.

 

 

Ex-Postions

Sole partner

 

Dana Europe S.a.

 

 

Ex-Postions

Partner

 

CASTELLANO

PASQUALE

 

Born in GHILARZA

(OR)

on 21/08/1945

- Fiscal Code : CSTPQL45M21E004N

 

Residence:

ALZAIA NAVIGLIO PAVESE

, 106

- 20100

Milano

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Doni

Roberto

 

Born in Loreo

(RO)

on 21/08/1949

- Fiscal Code : DNORRT49M21E689F

 

Residence:

Per Telve

, 79/2

- 38051

Borgo Valsugana

(TN)

- IT -

 

Ex-Postions

Attorney with special power

 

MARCHI

ALBINO

 

Born in ARCO

(TN)

on 22/06/1947

- Fiscal Code : MRCLBN47H22A372T

 

Residence:

SPACCATO

, 11

- 38062

Arco

(TN)

- IT -

 

Ex-Postions

Attorney with special power

 

Tosi

Paolo

 

Born in Arco

(TN)

on 26/05/1946

- Fiscal Code : TSOPLA46E26A372S

 

Residence:

Don Bosco

, 1

- 38066

Riva del Garda

(TN)

- IT -

 

Ex-Postions

Procurator

Attorney with special power

 

Sinibaldi

Giampietro

 

Born in Riva del Garda

(TN)

on 02/02/1954

- Fiscal Code : SNBGPT54B02H330P

 

Residence:

Don Porta

, 9

- 38066

Riva del Garda

(TN)

- IT -

 

Ex-Postions

Attorney with special power

 

Panizzolo

Fabrizio

 

Born in Camponogara

(VE)

on 21/07/1955

- Fiscal Code : PNZFRZ55L21B554Z

 

Residence:

Beato Pellegrino

, 152

- 35100

Padova

(PD)

- IT -

 

Ex-Postions

Procurator

Attorney with special power

 

GRAZIANI

RENATO LUIGI

 

Born in IMPERIA

(IM)

on 10/11/1948

- Fiscal Code : GRZRTL48S10E290R

 

Residence:

ROSSINI

, 19

- 20020

Lainate

(MI)

- IT -

 

Ex-Postions

Attorney with special power

 

Sciardiglia

Daniele

 

Born in Roma

(RM)

on 20/06/1975

- Fiscal Code : SCRDNL75H20H501O

 

Residence:

Giosue' Carducci

, 4

- 00100

Roma

(RM)

- IT -

 

Ex-Postions

Temporary Auditor

 

Dana International Luxembourg S.a R.l.

 

 

Ex-Postions

Sole partner

 

Tomaselli

Fabio

 

Born in Glarus

( )

on 05/07/1971

- Fiscal Code : TMSFBA71L05Z133J

 

Residence:

Montebello

, 8

- 38051

Borgo Valsugana

(TN)

- IT -

 

Ex-Postions

Procurator

 

Di Francesco

Piergiorgio

 

Born in Venezia

(VE)

on 20/01/1967

- Fiscal Code : DFRPGR67A20L736J

 

Residence:

Jacopo Da Ponte

, 7

- 30100

Venezia

(VE)

- IT -

 

Ex-Postions

Procurator

 

Colombo

Paolo

 

Born in MONZA

(MB)

on 30/07/1960

- Fiscal Code : CLMPLA60L30F704D

 

Residence:

GIOVANNI BATTISTA

, 18/C

- 38065

Mori

(TN)

- IT -

 

Ex-Postions

Procurator

 

Giachetti

Lorenzo

 

Born in Novara

(NO)

on 11/01/1959

- Fiscal Code : GCHLNZ59A11F952U

 

Residence:

Pascal

, 4

- 28100

Novara

(NO)

- IT -

 

Ex-Postions

Procurator

 

Blasich

Roberto

 

Born in Vicenza

(VI)

on 30/09/1958

- Fiscal Code : BLSRRT58P30L840A

 

Residence:

Verdi

, 20

- 36010

Monticello Conte Otto

(VI)

- IT -

 

Ex-Postions

Procurator

 

Maranelli

Fabio

 

Born in ALA

(TN)

on 03/10/1963

- Fiscal Code : MRNFBA63R03A116F

 

Residence:

PASSO BUOLE

, 26

- 38061

Ala

(TN)

- IT -

 

Ex-Postions

Procurator

 

Villa

Rolando

 

Born in Merano

(BZ)

on 20/10/1950

- Fiscal Code : VLLRND50R20F132Y

 

Residence:

S. Marcello

, 14

- 38062

Arco

(TN)

- IT -

 

Ex-Postions

Procurator

Attorney with special power

 

Roulet

Philippe Ernest

 

Born in NEUCHATEL

( )

on 11/05/1943

- Fiscal Code : RLTPLP43E11Z133U

 

Residence:

MONNAZ

- CH -

 

Ex-Postions

Chairman

Board Chairman

Director

 

Pacini

Franco

 

Born in Firenze

(FI)

on 12/12/1961

- Fiscal Code : PCNFNC61T12D612I

 

Residence:

Linfano

- 38062

Arco

(TN)

- IT -

 

Ex-Postions

Director

 

Venini

Valentino

 

Born in GRIANTE

(CO)

on 25/06/1953

- Fiscal Code : VNNVNT53H25E172L

 

Residence:

VIGNOLO

, 1

- 22011

Griante

(CO)

- IT -

 

Ex-Postions

Attorney with special power

 

Bernelli

Maria Teresa

 

Born in Mondovi'

(CN)

on 08/08/1950

- Fiscal Code : BRNMTR50M48F351V

 

Residence:

Iv Novembre

, 29

- 38073

Cavedine

(TN)

- IT -

 

Ex-Postions

Permanent Auditor

 

Orioli

Francesco

 

Born in Roma

(RM)

on 06/08/1964

- Fiscal Code : RLOFNC64M06H501Z

 

Residence:

Savoia

, 37

- 00100

Roma

(RM)

- IT -

 

Ex-Postions

Temporary Auditor

 

Monti

Pietro

 

Born in Baselga di Pine'

(TN)

on 17/07/1943

- Fiscal Code : MNTPTR43L17A694C

 

Residence:

Via Bellavista Ii

, 21

- 38068

Rovereto

(TN)

- IT -

 

Ex-Postions

Chairman of the Board of Aud.

Permanent Auditor

 

Malgarini

Claudio

 

Born in Roma

(RM)

on 16/03/1957

- Fiscal Code : MLGCLD57C16H501K

 

Residence:

Cassia

, 531

- 00189

Roma

(RM)

- IT -

 

Ex-Postions

Chairman of the Board of Aud.

 

Temple

Ronald Stanley

 

Born in Londra

( )

on 28/04/1940

- Fiscal Code : TMPRLD40D24Z114L

 

Residence:

Racecourse Road WY60QT

Wolverhampton

- GB -

 

Ex-Postions

Board Chairman

Director

 

Dana Europe S.a.

 

 

Ex-Postions

Sole partner

 

Zubialde Legarreta

Jorge

 

Born in Toronto

( )

on 21/07/1967

 

Ex-Postions

Director

 

Biddle

Kevin Bruce

 

Born in Windsor Ontario

( )

on 24/02/1955

 

Residence:

Bostwick Road

, 4160

- 43551

Perrysburg Ohio

- IT -

 

Ex-Postions

Director

 

Gottardi

Alfredo

 

Born in Bolzano

(BZ)

on 30/07/1945

- Fiscal Code : GTTLRD45L30A952T

 

Residence:

Carducci

, 16

- 38060

Tenno

(TN)

- IT -

 

Ex-Postions

Procurator

Director

 

Rizzo

Pietro

 

Born in Siena

(SI)

on 06/05/1958

- Fiscal Code : RZZPTR58E06I726H

 

Residence:

Brodano

, 6/4

- 41058

Vignola

(MO)

- IT -

 

Ex-Postions

General Director

General Director

 

CEASINGS/INCORPORATIONS/MERGES:

 

The firm absorved

 

Metaltecno S.r.l.

 

Saletti

, 66041

, Atessa

(CH)

- IT -

 

Fiscal Code: 81000510693

 

Date

:

03/12/1999

 

The firm absorved

 

Spicer Italcardano S.p.a.

 

Torino

, 10

, 13044

, Crescentino

(VC)

- IT -

 

Fiscal Code: 00817560154

 

Date

:

26/11/2004

 

Project of merging by taking over of

 

Metaltecno S.r.l.

 

Saletti

, 66041

, Atessa

(CH)

- IT -

 

Fiscal Code: 81000510693

 

Date

Merging/splitting-up project:

27/05/1999

 

The firm absorbed by merging of

 

Metaltecno S.r.l.

 

Saletti

, 66041

, Atessa

(CH)

- IT -

 

Fiscal Code: 81000510693

 

Date

:

03/12/1999

 

Project of merging by taking over of

 

Spicer Italcardano S.p.a.

 

Torino

, 10

, 13044

, Crescentino

(VC)

- IT -

 

Fiscal Code: 00817560154

 

Date

Merging/splitting-up project:

29/03/2004

 

The firm absorbed by merging of

 

Spicer Italcardano S.p.a.

 

Torino

, 10

, 13044

, Crescentino

(VC)

- IT -

 

Fiscal Code: 00817560154

 

Date

:

26/11/2004

 

Project of splitting-up and tranfer into

 

Glacier Vandervell Italy S.r.l.

 

Martino Aichner

, 9

, 38100

, Trento

(TN)

- IT -

 

Fiscal Code: 02018310223

 

Date

Merging/splitting-up project:

09/03/2007

 

Splitting-up and transfer of assets to

 

Glacier Vandervell Italy S.r.l.

 

Martino Aichner

, 9

, 38100

, Trento

(TN)

- IT -

 

Fiscal Code: 02018310223

 

Date

Splitting-up:

16/03/2007



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:

 

Prejudicial Events found with cancellations*

 

Judicial Mortgage - Mod.60 on 21/10/2009.

  DOSSI IERTA

 

Legal Mortgage on 18/04/2007. for an amount of 1.293.653 Euro.

  EQUITALIA NOMOS SPA

 

Legal Mortgage on 31/08/2006. for an amount of 80.836 Euro. Event writing-off

  EQUITALIA NOMOS SPA



Search performed on a specialized data base.

*Concerns also partially erased events.

 

Legal Procedures

 

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



Financial and Economical Analysis

 

The company is active since 1998

Balance sheets for the years 2011, 2012 and 2013 were analyzed.

During the last years, it achieved profits (r.o.e. 38,75% on 2013) but without a significant increase in the turnover.

The operating result in 2013 was positive (20,1%) and even better than sector's average.

The amount of the operating result is equal to Eur. 51.488.996 with no increase in relation to the financial year 2012.

The G.O.M. amounted to Eur. 66.511.372 , stable if compared to the year before.

The financial status of the company is fairly balanced with an indebtedness level of 1,73 even though on the increase if compared to 2012.

It's shareholders funds amount to Eur. 81.688.899 showing a -22,96% drop.

Eur. 141.289.040 is the amount of total debts, both commercial and of different nature, , a more or less stable value.

The company does not exceed in bank credits; payments average period is instead slightly high (94,07 gg.) but lined up with the field's average.

Liquidity is good (1,24)

As to due from customers, the average terms are 18,2 days. , a better value than the sector's average.

2013 financial year closed with a cash flow of Eur. 39.928.009

In the last financial year labour cost was of Eur. 57.476.851, with a 10,4% incidence on total costs of production. , with a 9,6% incidence on turnover.

The incidence of the financial charges is of -0,76% on the sales amount.

 

Financial Data

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

598.582.745

Profit (Loss) for the period

31.653.488

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

620.200.721

Profit (Loss) for the period

32.939.608

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

591.527.261

Profit (Loss) for the period

32.160.865

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

433.480.801

Profit (Loss) for the period

13.844.999

 

Complete balance-sheet for the year

al 31/12/2009

(in Eur

x 1)

 

Item Type

Value

Sales

298.742.610

Profit (Loss) for the period

-2.009.088



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

. . Research,develop. and advert.expens.

. . Industrial patent rights

7.159

2.688

5.799

. . Concessions,licenses,trademarks,etc.

1.626.398

2.032.997

2.439.596

. . Goodwill

. . Assets in formation and advance paymen.

31.600

. . Other intangible fixed assets

710.715

624.293

424.779

. Total Intangible Fixed Assets

2.375.872

2.659.978

2.870.174

. TANGIBLE FIXED ASSETS

. . Real estate

18.139.138

18.990.310

19.829.351

. . Plant and machinery

15.051.161

14.372.232

12.738.157

. . Industrial and commercial equipment

3.089.510

2.908.582

2.672.058

. . Other assets

732.148

547.762

475.754

. . Assets under construction and advances

5.716.774

3.616.565

5.541.751

. Total Tangible fixed assets

42.728.731

40.435.451

41.257.071

. FINANCIAL FIXED ASSETS

. . Equity investments

32.742.909

22.505.331

23.174.466

. . . Equity invest. in subsidiary companies

27.371.981

16.277.742

14.361.413

. . . Equity invest. in associated companies

5.367.829

6.224.490

8.809.954

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

3.099

3.099

3.099

. . Financial receivables

28.737

29.888

28.262

. . . . Within 12 months

. . . . Beyond 12 months

28.737

29.888

28.262

. . . 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

28.737

29.888

28.262

. . . . Within 12 months

. . . . Beyond 12 months

28.737

29.888

28.262

. . Other securities

. . Own shares

. . . Total nominal value

. Total financial fixed assets

32.771.646

22.535.219

23.202.728

Total fixed assets

77.876.249

65.630.648

67.329.973

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

20.866.705

23.341.581

26.509.271

. . Work in progress and semimanufactured

12.698.635

12.878.004

14.514.276

. . Work in progress on order

. . Finished goods

4.927.598

6.186.121

4.637.352

. . Advance payments

11.142

. Total Inventories

38.492.938

42.405.706

45.672.041

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

136.123.674

150.844.243

143.500.911

. . Beyond 12 months

. . Trade receivables

30.259.924

23.868.607

34.574.905

. . . . Within 12 months

30.259.924

23.868.607

34.574.905

. . . . Beyond 12 months

. . Receivables due from subsid. comp.

5.094.641

2.463.727

2.722.663

. . . . Within 12 months

5.094.641

2.463.727

2.722.663

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

11.918.358

9.028.574

32.672.031

. . . . Within 12 months

11.918.358

9.028.574

32.672.031

. . . . Beyond 12 months

. . Receivables due from holding comp.

71.335.862

96.506.563

51.255.373

. . . . Within 12 months

71.335.862

96.506.563

51.255.373

. . . . Beyond 12 months

. . Fiscal Receivables

5.758.721

8.980.446

8.899.750

. . . . Within 12 months

5.758.721

8.980.446

8.899.750

. . . . Beyond 12 months

. . Receivables for anticipated taxes

6.056.897

5.582.315

4.775.400

. . . . Within 12 months

6.056.897

5.582.315

4.775.400

. . . . Beyond 12 months

. . Receivables due from third parties

5.699.271

4.414.011

8.600.789

. . . . Within 12 months

5.699.271

4.414.011

8.600.789

. . . . Beyond 12 months

. Total Credits not held as fixed assets

136.123.674

150.844.243

143.500.911

. 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

77.276

71.245

1.106.881

. . Checks

. . Banknotes and coins

9.621

11.100

14.582

. Total Liquid funds

86.897

82.345

1.121.463

Total current assets

174.703.509

193.332.294

190.294.415

ADJUSTMENT ACCOUNTS

. Discount on loans

3.554.618

1.748.195

. Other adjustment accounts

2.963.179

Total adjustments accounts

3.554.618

2.963.179

1.748.195

TOTAL ASSETS

256.134.376

261.926.121

259.372.583

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

18.594.000

18.594.000

18.594.000

. Additional paid-in capital

. Revaluation reserves

7.888.504

7.888.504

7.888.504

. Legal reserve

3.718.800

3.718.800

3.718.800

. Reserve for Own shares

. Statute reserves

. Other reserves

19.575.911

15.908.331

10.192.469

. Accumulated Profits (Losses)

258.196

26.986.168

541.165

. Profit( loss) of the year

31.653.488

32.939.608

32.160.865

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

81.688.899

106.035.411

73.095.803

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

. . Taxation fund, also differed

12.338.730

3.285.156

3.430.472

. . Other funds

11.149.659

9.919.072

6.321.348

Total Reserves for Risks and Charges

23.488.389

13.204.228

9.751.820

Employee termination indemnities

8.748.487

9.161.831

9.361.364

ACCOUNTS PAYABLE

. . . . Within 12 months

141.289.040

132.246.529

164.131.473

. . . . Beyond 12 months

. . Bonds

. . . . Within 12 months

. . . . Beyond 12 months

. . Convertible bonds repayable

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to shareholders for financing

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to banks

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to other providers of finance

. . . . Within 12 months

. . . . Beyond 12 months

. . Advances from customers

1.130.684

1.062.420

894.824

. . . . Within 12 months

1.130.684

1.062.420

894.824

. . . . Beyond 12 months

. . Trade payables

105.196.725

96.599.671

118.011.638

. . . . Within 12 months

105.196.725

96.599.671

118.011.638

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

15.002.836

11.612.810

16.314.537

. . . . Within 12 months

15.002.836

11.612.810

16.314.537

. . . . Beyond 12 months

. . Due to associated companies

3.324.733

1.455.685

592.232

. . . . Within 12 months

3.324.733

1.455.685

592.232

. . . . Beyond 12 months

. . Due to holding companies

1.041.281

362.614

5.895.727

. . . . Within 12 months

1.041.281

362.614

5.895.727

. . . . Beyond 12 months

. . Due to the tax authorities

2.594.804

3.843.899

7.456.779

. . . . Within 12 months

2.594.804

3.843.899

7.456.779

. . . . Beyond 12 months

. . Due to social security and welfare inst.

2.537.858

2.905.276

2.752.240

. . . . Within 12 months

2.537.858

2.905.276

2.752.240

. . . . Beyond 12 months

. . Other payables

10.460.119

14.404.154

12.213.496

. . . . Within 12 months

10.460.119

14.404.154

12.213.496

. . . . Beyond 12 months

Total accounts payable

141.289.040

132.246.529

164.131.473

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

919.561

1.278.122

3.032.123

Total adjustment accounts

919.561

1.278.122

3.032.123

TOTAL LIABILITIES

256.134.376

261.926.121

259.372.583

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

20.656.538

16.456.368

Risk accounts

24.948.279

14.494.686

Civil and fiscal norms relation

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

598.582.745

620.200.721

591.527.261

. Changes in work in progress

-1.437.892

-87.503

76.725

. Changes in semi-manufact. products

. Capitalization of internal work

. Other income and revenues

6.950.311

5.488.105

6.668.207

. . Contributions for operating expenses

300.908

199.991

383.423

. . Different income and revenues

6.649.403

5.288.114

6.284.784

Total value of production

604.095.164

625.601.323

598.272.193

PRODUCTION COSTS

. Raw material,other materials and consum.

406.960.572

421.868.379

417.107.876

. Services received

66.245.794

60.076.767

. Leases and rentals

69.734.280

7.718.047

7.434.806

. Payroll and related costs

57.476.851

58.181.705

61.573.293

. . Wages and salaries

41.059.085

41.777.574

44.053.270

. . Social security contributions

13.397.432

13.319.477

14.357.523

. . Employee termination indemnities

1.134.717

1.229.112

1.324.672

. . Pension and similar

1.845.565

1.778.823

1.778.112

. . Other costs

40.052

76.719

59.716

. Amortization and depreciation

8.274.521

7.881.369

8.311.713

. . Amortization of intangible fixed assets

679.564

593.765

531.455

. . Amortization of tangible fixed assets

7.594.957

7.287.604

7.710.314

. . Depreciation of tangible fixed assets

69.944

. . Writedown of current receiv.and of liquid

. Changes in raw materials

2.474.876

3.167.690

-5.103.033

. Provisions to risk reserves

4.232.481

3.702.828

2.687.662

. Other provisions

2.515.374

2.508.850

412.426

. Other operating costs

937.213

890.587

776.251

Total production costs

552.606.168

572.165.249

553.277.761

Diff. between value and cost of product.

51.488.996

53.436.074

44.994.432

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

106.608

199.578

708.956

. . Financ.income from receivables

. . . Towards subsidiary companies

. . . Towards associated companies

. . . Towards holding companies

. . . Towards other companies

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

. . Financ.income from secur. cur.assets

. . Financ.income other than the above

106.608

708.956

. . . - Subsidiary companies

. . . - Associated companies

35.181

265.371

. . . - Holding companies

479

281.192

. . . - Other companies

70.948

162.393

. Interest and other financial expense

-4.667.717

-5.127.280

-4.756.676

. . Towards subsidiary companies

. . Towards associated companies

-5.303.973

-3.707.116

. . Towards holding companies

-521

. . Towards other companies

4.667.717

4.756.676

Total financial income and expense

-4.561.109

-4.927.702

-4.047.720

ADJUSTMENTS TO FINANCIAL ASSETS

. Revaluations

11.094.239

1.916.329

5.306.352

. . Of equity investments

11.094.239

1.916.329

5.306.352

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

. . Of securities incl.among current assets

. Devaluation

-2.356.661

-3.604.573

. . Of equity investments

-2.356.661

-3.604.573

. . Of financial fixed assets (no equity inv)

. . Of securities included among current ass

Total adjustments to financial assets

8.737.578

-1.688.244

5.306.352

EXTRAORDINARY INCOME AND EXPENSE

. Extraordinary income

651.387

2.254.198

572.476

. . Gains on disposals

. . Other extraordinary income

651.387

2.254.198

572.476

. Extraordinary expense

-8.101.028

-141.265

-287.001

. . Losses on disposals

. . Taxes relating to prior years

-7.897.863

. . Other extraordinary expense

-203.165

-141.265

-287.001

Total extraordinary income and expense

-7.449.641

2.112.933

285.475

Results before income taxes

48.215.824

48.933.061

46.538.539

. Taxes on current income

16.562.336

15.993.453

14.377.674

. . current taxes

. . differed taxes(anticip.)

. Net income for the period

31.653.488

32.939.608

32.160.865

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

31.653.488

32.939.608

32.160.865

 

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

0,30

0,25

0,26

0,25

Elasticity Ratio

Units

0,68

0,74

0,73

0,74

Availability of stock

Units

0,15

0,16

0,18

0,21

Total Liquidity Ratio

Units

0,53

0,58

0,56

0,47

Quick Ratio

Units

0,00

0,00

0,00

0,01

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

1,73

1,25

2,23

1,91

Self Financing Ratio

Units

0,32

0,40

0,28

0,25

Capital protection Ratio

Units

0,38

0,51

0,31

0,72

Liabilities consolidation quotient

Units

0,06

0,07

0,06

0,20

Financing

Units

1,73

1,25

2,25

2,52

Permanent Indebtedness Ratio

Units

0,35

0,44

0,32

0,40

M/L term Debts Ratio

Units

0,03

0,03

0,04

0,11

Net Financial Indebtedness Ratio

Units

0,00

0,00

0,00

0,37

CORRELATION

Fixed assets ratio

Units

1,16

1,76

1,22

1,40

Current ratio

Units

1,24

1,46

1,16

1,20

Acid Test Ratio-Liquidity Ratio

Units

0,96

1,14

0,88

0,81

Structure's primary quotient

Units

1,05

1,62

1,09

0,88

Treasury's primary quotient

Units

0,00

0,00

0,01

0,03

Rate of indebtedness ( Leverage )

%

313,55

247,02

354,84

396,60

Current Capital ( net )

Value

33.414.469

61.085.765

26.162.942

739.298

RETURN

Return on Sales

%

6,67

6,58

6,84

3,87

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

%

38,75

31,06

44,00

2,90

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

%

59,02

46,15

63,67

10,01

Return on Investment ( R.O.I. )

%

20,10

20,40

17,35

3,63

Return/ Sales

%

8,60

8,62

7,61

3,64

Extra Management revenues/charges incid.

%

61,48

61,64

71,48

27,87

Cash Flow

Value

39.928.009

40.820.977

40.472.578

218.595

Operating Profit

Value

51.488.996

53.436.074

44.994.432

183.990

Gross Operating Margin

Value

66.511.372

67.529.121

56.406.233

453.866

MANAGEMENT

Credits to clients average term

Days

18,20

13,85

21,04

94,73

Debts to suppliers average term

Days

94,07

79,89

104,60

115,71

Average stock waiting period

Days

23,15

24,61

27,80

57,59

Rate of capital employed return ( Turnover )

Units

2,34

2,37

2,28

1,07

Rate of stock return

Units

15,55

14,63

12,95

6,09

Labour cost incidence

%

9,60

9,38

10,41

18,09

Net financial revenues/ charges incidence

%

-0,76

-0,79

-0,68

-1,09

Labour cost on purchasing expenses

%

10,40

10,17

11,13

17,83

Short-term financing charges

%

3,30

3,88

2,90

2,64

Capital on hand

%

42,79

42,23

43,85

93,64

Sales pro employee

Value

333.286

526.933

307.446

185.995

Labour cost pro employee

Value

32.002

49.432

32.002

32.632

 

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

:

497.546

Population living in the region

:

974.613

Number of families in the region

:

383.892

 

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

 

- per food products

:

373

- per non food products

:

2.001

- per energy consume

:

121

 

Sector Data

 

The values are calculated on a base of 258 significant companies.

The companies cash their credits on an average of 95 dd.

The average duration of suppliers debts is about 116 dd.

The sector's profitability is on an average of 3,87%.

The labour cost affects the turnover in the measure of 18,09%.

Goods are held in stock in a range of 58 dd.

The difference between the sales volume and the resources used to realize it is about 1,07.

The employees costs represent the 17,83% 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 2.078 protested subjects are found; in the province they count to 850.

The insolvency index for the region is 0,22, , while for the province it is 0,17.

Total Bankrupt companies in the province : 1.091.

Total Bankrupt companies in the region : 2.539.

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.59

UK Pound

1

Rs.92.46

Euro

1

Rs.67.51

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

ASH

 

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.