|
Report No. : |
335122 |
|
Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
F.I.S. - FABBRICA ITALIANA SINTETICI S.P .A. |
|
|
|
|
Registered Office : |
Viale Milano, 26 36075 - Montecchio Maggiore (VI) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
29.11.1984 |
|
|
|
|
Legal Form : |
Joint Stock Company With Sole Shareholder |
|
|
|
|
Line of Business : |
·
Manufacture of various chemical products for industrial
usage (including antidetonating and anti-freeze preparations) ·
Manufacture of pharmaceutical-based products and pharmaceutical
preparations |
|
|
|
|
No. of Employees : |
From 750 to 1000 |
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 Complainants |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 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 132% of GDP in 2014, 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 tax evasion. In 2014 economic growth and labor market conditions continued to deteriorate, with overall unemployment rising to 12.2% and youth unemployment around 40%. Italy's GDP is now nearly 10% below its 2007 pre-crisis level.
|
Source
: CIA |
|
F.I.S.
- FABBRICA ITALIANA SINTETICI S.P .A. |
|
Viale |
Milano, |
26
|
|
36075 |
-
Montecchio Maggiore |
(VI) |
-IT- |
|
Fiscal
Code |
: |
01712670247 |
|
Legal
Form |
: |
Joint
stock company with sole shareholder |
|
start
of Activities |
: |
14/12/1989 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
over
129.114.224 |
|
Number
of Employees |
: |
from
750 to 1000 |
Manufacture
of various chemical products for industrial usage (including antidetonating and
anti-freeze preparations)
Manufacture
of pharmaceutical-based products and pharmaceutical preparations
Legal
Form : Joint stock company with sole shareholder
|
Fiscal
Code : 01712670247 |
|
Foreign
Trade Reg. no. : VI002266 since 29/11/1991 |
|
Foreign
Trade Reg. no. : 002266 of Vicenza since 29/11/1991 |
|
Chamber
of Commerce no. : 109737 of Campobasso |
|
Chamber
of Commerce no. : 179183 of Vicenza since 16/01/1985 |
|
Firms'
Register : VI116-16638 of Vicenza since 19/02/1996 |
|
V.A.T.
Code : 01712670247 |
|
Tribunal
Co. Register : 16638 of |
|
Foundation
date |
:
29/11/1984 |
|
|
Establishment
date |
:
29/11/1984 |
|
|
Start
of Activities |
:
14/12/1989 |
|
|
Legal
duration |
:
31/12/2050 |
|
|
Nominal
Capital |
:
10.000.000 |
|
|
Subscribed
Capital |
:
10.000.000 |
|
|
Paid
up Capital |
:
10.000.000 |
|
Legal
mail : |
FIS.SPA@LEGALMAIL.IT |
|
Ferrari |
Francesco |
|
Born
in Vicenza |
(VI) |
on
28/06/1956 |
-
Fiscal Code : FRRFNC56H28L840B |
|
Residence: |
A.a.
Di Casanova |
,
7N |
-
36100 |
Vicenza |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
15/05/2014 |
|
Ferrari |
Alberto |
|
Born
in Vicenza |
(VI) |
on
03/11/1957 |
-
Fiscal Code : FRRLRT57S03L840U |
|
Residence: |
Dante |
,
53 |
-
36100 |
Vicenza |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
15/05/2014 |
|
Ferrari |
Ferruccio |
|
Born
in Vicenza |
(VI) |
on
25/02/1950 |
-
Fiscal Code : FRRFRC50B25L840M |
|
Residence: |
San
Bastiano |
,
10 |
-
36100 |
Vicenza |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
15/05/2014 |
||
|
Board
Chairman |
15/05/2014 |
||
|
Managing
Director |
15/05/2014 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Ferrari |
Antonella |
|
Born
in Vicenza |
(VI) |
on
26/09/1955 |
-
Fiscal Code : FRRNNL55P66L840D |
|
Residence: |
Dante |
,
80 |
-
36100 |
Vicenza |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
15/05/2014 |
||
|
Managing
Director |
15/05/2014 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Ferrari |
Giampaolo |
|
|
Born
in Vicenza |
(VI) |
on
19/05/1953 |
-
Fiscal Code : FRRGPL53E19L840K |
|
Residence: |
San
Bastiano |
,
13 |
-
36100 |
Vicenza |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
15/05/2014 |
||
|
Assistant
board Chairman |
15/05/2014 |
||
|
Managing
Director |
15/05/2014 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Dalla
Stella |
Fabio |
|
Born
in Vicenza |
(VI) |
on
18/04/1958 |
-
Fiscal Code : DLLFBA58D18L840G |
|
Residence: |
Caviglia |
,
14 |
-
36100 |
Vicenza |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
19/03/2013 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Maci |
Roberto |
|
Born
in Rapallo |
(GE) |
on
08/05/1957 |
-
Fiscal Code : MCARRT57E08H183F |
|
Residence: |
Santa
Maria |
,
112 |
-
16035 |
Rapallo |
(GE) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
26/02/2010 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Zaccaria |
Antonio |
|
Born
in Camisano Vicentino |
(VI) |
on
22/03/1954 |
-
Fiscal Code : ZCCNTN54C22B485A |
|
Residence: |
Roma |
,
46 |
-
36043 |
Camisano
Vicentino |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
15/05/2014 |
|
Holding
F.i.s. - S.p.a. |
|
Residence: |
Milano |
,
26 |
-
36075 |
Montecchio
Maggiore |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole
partner |
22/07/2013 |
|
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Ferrari |
Stefania |
|
Born
in Vicenza |
(VI) |
on
08/11/1960 |
-
Fiscal Code : FRRSFN60S48L840L |
|
Residence: |
Burci |
,
9 |
-
36100 |
Vicenza |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
15/05/2014 |
|
Destro |
Franco |
|
Born
in Padova |
(PD) |
on
13/03/1959 |
-
Fiscal Code : DSTFNC59C13G224T |
|
Residence: |
Moiacche |
,
7 |
-
35030 |
Rubano |
(PD) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
23/04/2015 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Guidolin |
Giorgio |
|
Born
in Longare |
(VI) |
on
20/09/1952 |
-
Fiscal Code : GDLGRG52P20E671L |
|
Residence: |
Giorgione |
,
107 |
-
36100 |
Vicenza |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
30/04/2004 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Vignaga |
Nicola |
|
Born
in Noventa Vicentina |
(VI) |
on
06/12/1964 |
-
Fiscal Code : VGNNCL64T06F964Y |
|
Residence: |
Petrarca |
,
30 |
-
37047 |
San
Bonifacio |
(VR) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
23/04/2015 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Bortoli |
Assunta |
|
Born
in Rovolon |
(PD) |
on
21/02/1956 |
-
Fiscal Code : BRTSNT56B61H622M |
|
Residence: |
Genova |
,
6 |
-
36100 |
Vicenza |
(VI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
23/04/2015 |
|
No
Protests registered |
|
Donalisio |
Sergio |
|
Born
in La Spezia |
(SP) |
on
02/07/1967 |
-
Fiscal Code : DNLSRG67L02E463J |
|
Residence: |
E.
Solvay |
,
11 |
-
57016 |
Rosignano
Marittimo |
(LI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
19/03/2013 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Moro |
Franco |
|
Born
in Este |
(PD) |
on
09/10/1962 |
-
Fiscal Code : MROFNC62R09D442K |
|
Residence: |
Solferino |
,
1 |
-
13100 |
Vercelli |
(VC) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
06/10/2011 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
D'ippolito |
Rocco |
|
Born
in Termoli |
(CB) |
on
15/01/1963 |
-
Fiscal Code : DPPRCC63A15L113X |
|
Residence: |
G.
Pascoli |
,
43/C |
-
86039 |
Termoli |
(CB) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
23/02/2012 |
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Bertani |
Claudio |
|
Born
in Padova |
(PD) |
on
16/10/1970 |
-
Fiscal Code : BRTCLD70R16G224Z |
|
Residence: |
Del
Santuario |
,
28 |
-
35010 |
Villafranca
Padovana |
(PD) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
29/04/2013 |
|
|
No
Prejudicial events are reported |
|
No
Protests registered |
|
Perfetti |
Giuliano |
|
Born
in Roma |
(RM) |
on
27/01/1973 |
-
Fiscal Code : PRFGLN73A27H501M |
|
Residence: |
Meravigli |
,
16 |
-
20123 |
Milano |
(MI) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
17/04/2014 |
|
No
Protests registered |
*checkings
have been performed on a national scale.
In
this module are listed the companies in which members hold or have holded
positions.
|
Ferrari |
Ferruccio |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
F.i.s.
- Fabbrica Italiana Sintetici - S.p.a. |
Vicenza
(VI) - IT - |
00167030246 |
Director |
Withdrawn |
Ceased |
|
Brevetti
C.e.a. S.p.a. |
Sovizzo
(VI) - IT - |
01852870243 |
Managing
Director |
Active |
Registered |
|
Brevetti
C.e.a. S.p.a. |
Sovizzo
(VI) - IT - |
01852870243 |
Director |
Active |
Registered |
|
S.t.s.
Societa' Termolese Sintetici - S.p.a. |
Termoli
(CB) - IT - |
00617800701 |
Managing
Director |
Withdrawn |
Ceased |
|
S.t.s.
Societa' Termolese Sintetici - S.p.a. |
Termoli
(CB) - IT - |
00617800701 |
Director |
Withdrawn |
Ceased |
|
S.t.s.
Societa' Termolese Sintetici - S.p.a. |
Termoli
(CB) - IT - |
00617800701 |
Legal
representative |
Withdrawn |
Ceased |
|
Holding
F.i.s. - S.p.a. |
Montecchio
Maggiore (VI) - IT - |
01348120930 |
Director |
Active |
Registered |
|
Holding
F.i.s. - S.p.a. |
Montecchio
Maggiore (VI) - IT - |
01348120930 |
Assistant
board Chairman |
Active |
Registered |
|
Aksi
S.r.l. |
Sovizzo
(VI) - IT - |
02644000248 |
Liquidator |
Withdrawn |
Ceased |
|
Petrarca
Iniziative Immobiliari - S.r.l. |
Montecchio
Maggiore (VI) - IT - |
01611260934 |
Director |
Active |
Registered |
|
Finanziaria
Investimenti Mobiliari Immobiliari - S.a.s. - Di Ferrari Ferruccio E |
Montecchio
Maggiore (VI) - IT - |
03174940159 |
General
Partner |
Active |
Registered |
|
Floralia
-s.a.s.- Di Ferrari Dott.sa Antonella E C. |
Milano
(MI) - IT - |
80088260155 |
Limited
Partner |
Active |
Registered |
|
Brevetti
C.e.a. S.p.a. |
Vicenza
(VI) - IT - |
00149520249 |
Chairman |
Withdrawn |
Ceased |
|
Ninetrees
Participations S.r.l. |
Pordenone
(PN) - IT - |
01682840937 |
Director |
Withdrawn |
Registered |
|
Ninetrees
Participations S.r.l. |
Pordenone
(PN) - IT - |
01682840937 |
Assistant
board Chairman |
Withdrawn |
Registered |
|
Hfga
S.r.l. |
Vicenza
(VI) - IT - |
03938270240 |
Sole
Director |
Active |
Registered |
|
Ferrari |
Antonella |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Golf
Club Asiago - S.p.a. |
Asiago
(VI) - IT - |
00286600242 |
Director |
Withdrawn |
Registered |
|
Holding
F.i.s. - S.p.a. |
Montecchio
Maggiore (VI) - IT - |
01348120930 |
Director |
Active |
Registered |
|
Immobiliare
Rdf S.r.l. |
Sovizzo
(VI) - IT - |
03277960245 |
Director |
Active |
Registered |
|
Immobiliare
Golf Colli Berici S.r.l. |
Brendola
(VI) - IT - |
03452480241 |
Managing
Director |
Withdrawn |
Registered |
|
Immobiliare
Golf Colli Berici S.r.l. |
Brendola
(VI) - IT - |
03452480241 |
Director |
Active |
Registered |
|
Immobiliare
Golf Colli Berici S.r.l. |
Brendola
(VI) - IT - |
03452480241 |
Board
Chairman |
Withdrawn |
Registered |
|
Finanziaria
Investimenti Mobiliari Immobiliari - S.a.s. - Di Ferrari Ferruccio E |
Montecchio
Maggiore (VI) - IT - |
03174940159 |
General
Partner |
Active |
Registered |
|
Finanziaria
Investimenti Mobiliari Immobiliari - S.a.s. - Di Ferrari Ferruccio E |
Montecchio
Maggiore (VI) - IT - |
03174940159 |
Limited
Partner |
Withdrawn |
Registered |
|
Floralia
-s.a.s.- Di Ferrari Dott.sa Antonella E C. |
Milano
(MI) - IT - |
80088260155 |
General
Partner |
Active |
Registered |
|
Immobiliare
Dfr S.r.l. |
Sovizzo
(VI) - IT - |
03036730244 |
Director |
Active |
Registered |
|
Ninetrees
Participations S.r.l. |
Pordenone
(PN) - IT - |
01682840937 |
Director |
Withdrawn |
Registered |
|
Ninetrees
Participations S.r.l. |
Pordenone
(PN) - IT - |
01682840937 |
Board
Chairman |
Withdrawn |
Registered |
|
Hfc
S.r.l. |
Vicenza
(VI) - IT - |
03938260241 |
Sole
Director |
Active |
Registered |
|
Ferrari |
Giampaolo |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Brevetti
C.e.a. S.p.a. |
Sovizzo
(VI) - IT - |
01852870243 |
Managing
Director |
Withdrawn |
Registered |
|
Brevetti
C.e.a. S.p.a. |
Sovizzo
(VI) - IT - |
01852870243 |
Director |
Withdrawn |
Registered |
|
Golf
Club Asiago - S.p.a. |
Asiago
(VI) - IT - |
00286600242 |
Director |
Withdrawn |
Registered |
|
Golf
Club Asiago - S.p.a. |
Asiago
(VI) - IT - |
00286600242 |
Director |
Withdrawn |
Registered |
|
Holding
F.i.s. - S.p.a. |
Montecchio
Maggiore (VI) - IT - |
01348120930 |
Director |
Active |
Registered |
|
Holding
F.i.s. - S.p.a. |
Montecchio
Maggiore (VI) - IT - |
01348120930 |
Board
Chairman |
Active |
Registered |
|
Petrarca
Iniziative Immobiliari - S.r.l. |
Montecchio
Maggiore (VI) - IT - |
01611260934 |
Director |
Withdrawn |
Registered |
|
Finanziaria
Investimenti Mobiliari Immobiliari - S.a.s. - Di Ferrari Ferruccio E |
Montecchio
Maggiore (VI) - IT - |
03174940159 |
Limited
Partner |
Active |
Registered |
|
Floralia
-s.a.s.- Di Ferrari Dott.sa Antonella E C. |
Milano
(MI) - IT - |
80088260155 |
Limited
Partner |
Active |
Registered |
|
S.i.co.
- Societa' Immobiliare Costruzioni- Di Ferrari Giampaolo E C.- S.a.s. In |
Montecchio
Maggiore (VI) - IT - |
01796800249 |
General
Partner |
Active |
Registered |
|
Golf
Meltar S.r.l. |
Asiago
(VI) - IT - |
03250920240 |
Director |
Withdrawn |
Registered |
|
Ninetrees
Participations S.r.l. |
Pordenone
(PN) - IT - |
01682840937 |
Director |
Withdrawn |
Registered |
|
Airon
S.r.l. |
Vicenza
(VI) - IT - |
03938250242 |
Sole
Director |
Active |
Registered |
The
indication "REGISTERED" as Firm Status could refer to Firms in
Liquidation, Active, Inactive.
For
more information, in this case, we advise to request further investigations.
Shareholders'
list as at date of data collection:
|
Firm's
Style / Name |
Seat
/ Residence |
Fiscal
Code |
Owned
Shares |
%
Ownership |
|
Holding
F.i.s. - S.p.a. |
Montecchio
Maggiore - IT - |
01348120930 |
100,00 |
The
Company under review has participations in the following Companies:
|
Firm's
Style |
Seat |
Fiscal
Code |
Owned
Shares Amount |
%
Ownership |
since
|
until
|
Share
Status |
|
Italian
Biocatalysis Center (ibc) |
Pavia
- IT - |
02221580182 |
Active |
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
(Factory) |
since
23/01/1998 |
|
Milano |
,
26 |
-
36077 |
-
Montecchio Maggiore |
(VI) |
-
IT - |
|
PHONE |
:
0444708011 |
|
FAX |
:
0444698094 |
|
Legal
mail |
:
FIS.SPA@LEGALMAIL.IT |
|
- |
Branch |
(Factory) |
since
12/11/2001 |
|
Massimo
D'antona |
,
S.N.C. |
-
86039 |
-
Termoli |
(CB) |
-
IT - |
|
PHONE |
:
087575351 |
|
FAX |
:
0875751827 |
|
Employees |
:
896 |
|
Fittings
and Equipment for a value of 54.620.000 |
Eur |
|
Stocks
for a value of 96.270.000 |
Eur |
|
Work
in progress for a value of 1.870.000 |
Eur |
The
firm operates abroad as importer / exporter..
To
purchase foreign products the firm uses the following channels :
|
-
national or foreign important buyers |
|
-
trading companies |
|
-
direct orders to foreign companies |
Export
represents more than 50% of the global turnover.
Products
abroad are placed by :
|
-
national or foreign important buyers |
|
-
importers |
|
-
trading companies |
|
-
its own agents |
|
-
direct orders from foreign companies |
Export
is mainly towards:
|
-
France |
|
-
Italy |
|
-
Belgium |
|
-
Bulgaria |
|
-
|
|
-
Ireland |
|
-
Great Britain |
CEASINGS/INCORPORATIONS/MERGES:
|
The
firm absorbed by merging of |
|
F.i.s.
- Fabbrica Italiana Sintetici - S.p.a. |
|
Giusti,8 |
,
36100 |
,
Vicenza |
(VI) |
-
IT - |
|
Fiscal
Code: 00167030246 |
|
Date
|
:
|
14/12/1989 |
|
Project
of merging by taking over of |
|
S.t.s.
Societa' Termolese Sintetici - S.p.a. |
|
Zona
Industriale |
,
86039 |
,
Termoli |
(CB) |
-
IT - |
|
Fiscal
Code: 00617800701 |
|
Date
|
Merging/splitting-up
project: |
26/02/2001 |
|
The
firm absorbed by merging of |
|
S.t.s.
Societa' Termolese Sintetici - S.p.a. |
|
Zona
Industriale |
,
86039 |
,
Termoli |
(CB) |
-
IT - |
|
Fiscal
Code: 00617800701 |
|
Date
|
:
|
18/10/2001 |
Protests
checking on the subject firm has given a negative result.
Search
performed on a National Scale
|
Prejudicial
Events Search Result: NEGATIVE |
Search
performed on a specialized data base.
None
reported, standing to the latest received edition of the Official Publications.
The
company is active since 1989
The
analysis is based on the latest 3 balance sheets.
During
the last years, it achieved profits (r.o.e. 14,02% on 2013) keeping the
turnover steady during the last two years.
The
operating result in 2013 was positive (10,49%) and reflects the field's
average.
An
operating result of Eur. 32.391.947 has been registered. showing a downwards
trend equal to -48,59% if compared to the value of the financial year 2012.
The
gross operating margin of the latest financial year is of Eur. 51.395.420 with
a -36,58% fall.
The
company has an excellent net worth if compared to its debts, with a low
indebtedness (0,7) which is yet rising if compared to 2012.
The
equity capital is equal to Eur. 146.053.313 , unchanged as opposed to the
preceding year.
During
the last financial year total debts volume reached Eur. 156.132.789 (Eur.
25.543.221 were m/l term ones) while during the financial year 2012 the amount
was equal to Eur. 103.402.440.
The
company does not exceed in bank credits; payments average period is instead
slightly high (125,58 gg.) and higher than sector's average.
Liquidity
is good (1,43)
Trade
credits average terms are 58,19 days. , lower than the sector's average.
As
far as the cash flow is concerned during the latest financial year it amounted
to Eur. 39.474.714
Subordinate
employment cost is of Eur. 55.571.657, i.e. 18,25% on total production costs. ,
whereas the incidence of such costs on sales revenues is equal to 18,26%.
The
financial management has a limited economic impact, equal to -0,44% on the
sales.
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
304.333.271 |
|
Profit
(Loss) for the period |
20.471.241 |
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
306.311.979 |
|
Profit
(Loss) for the period |
42.315.101 |
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
222.592.703 |
|
Profit
(Loss) for the period |
29.113.098 |
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
177.326.888 |
|
Profit
(Loss) for the period |
22.926.416 |
|
Complete
balance-sheet for the year |
al
31/12/2009 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
158.856.506 |
|
Profit
(Loss) for the period |
17.582.786 |
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 |
|
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|
|
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 |
0,39 |
0,41 |
0,39 |
0,33 |
|
Elasticity
Ratio |
Units |
0,60 |
0,58 |
0,61 |
0,65 |
|
Availability
of stock |
Units |
0,31 |
0,37 |
0,33 |
0,15 |
|
Total
Liquidity Ratio |
Units |
0,29 |
0,21 |
0,27 |
0,47 |
|
Quick
Ratio |
Units |
0,11 |
0,12 |
0,10 |
0,01 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
0,70 |
0,29 |
0,33 |
1,60 |
|
Self
Financing Ratio |
Units |
0,47 |
0,59 |
0,54 |
0,28 |
|
Capital
protection Ratio |
Units |
0,79 |
0,66 |
0,73 |
0,69 |
|
Liabilities
consolidation quotient |
Units |
0,23 |
0,50 |
0,73 |
0,21 |
|
Financing |
Units |
1,07 |
0,66 |
0,81 |
2,10 |
|
Permanent
Indebtedness Ratio |
Units |
0,57 |
0,72 |
0,73 |
0,47 |
|
M/L
term Debts Ratio |
Units |
0,10 |
0,14 |
0,19 |
0,10 |
|
Net
Financial Indebtedness Ratio |
Units |
0,24 |
0,12 |
0,26 |
0,66 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
1,44 |
1,74 |
1,86 |
1,28 |
|
Current
ratio |
Units |
1,43 |
2,16 |
2,31 |
1,17 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
0,69 |
0,79 |
1,04 |
0,90 |
|
Structure's
primary quotient |
Units |
1,20 |
1,41 |
1,37 |
0,90 |
|
Treasury's
primary quotient |
Units |
0,25 |
0,44 |
0,38 |
0,02 |
|
Rate
of indebtedness ( Leverage ) |
% |
211,38 |
170,68 |
186,00 |
353,06 |
|
Current
Capital ( net ) |
Value |
55.919.827 |
83.389.315 |
90.924.809 |
592.597 |
|
RETURN |
|||||
|
Return
on Sales |
% |
12,97 |
19,70 |
20,35 |
3,97 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
14,02 |
27,20 |
20,46 |
2,57 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
21,31 |
40,18 |
31,03 |
9,20 |
|
Return
on Investment ( R.O.I. ) |
% |
10,49 |
23,73 |
17,33 |
3,84 |
|
Return/
Sales |
% |
10,64 |
20,57 |
20,61 |
4,05 |
|
Extra
Management revenues/charges incid. |
% |
63,20 |
67,16 |
63,47 |
25,15 |
|
Cash
Flow |
Value |
39.474.714 |
60.347.105 |
45.306.505 |
316.000 |
|
Operating
Profit |
Value |
32.391.947 |
63.007.874 |
45.866.401 |
279.308 |
|
Gross
Operating Margin |
Value |
51.395.420 |
81.039.878 |
62.175.308 |
532.534 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
58,19 |
22,16 |
66,84 |
104,54 |
|
Debts
to suppliers average term |
Days |
125,58 |
70,89 |
95,86 |
96,16 |
|
Average
stock waiting period |
Days |
113,88 |
115,65 |
142,31 |
50,38 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,99 |
1,15 |
0,84 |
1,16 |
|
Rate
of stock return |
Units |
3,16 |
3,11 |
2,53 |
7,14 |
|
Labour
cost incidence |
% |
18,26 |
16,29 |
18,70 |
13,54 |
|
Net
financial revenues/ charges incidence |
% |
-0,44 |
-0,50 |
-0,75 |
-1,46 |
|
Labour
cost on purchasing expenses |
% |
18,25 |
18,22 |
19,34 |
13,80 |
|
Short-term
financing charges |
% |
1,16 |
2,63 |
1,91 |
3,24 |
|
Capital
on hand |
% |
101,45 |
86,69 |
118,88 |
86,41 |
|
Sales
pro employee |
Value |
391.677 |
445.868 |
171.225 |
352.121 |
|
Labour
cost pro employee |
Value |
71.520 |
72.637 |
32.022 |
44.319 |
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.
|
Population
living in the province |
:
|
831.356 |
|
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 |
The
values are calculated on a base of 435 significant companies.
The
companies cash their credits on an average of 105 dd.
The
average duration of suppliers debts is about 96 dd.
The
sector's profitability is on an average of 3,97%.
The
labour cost affects the turnover in the measure of 13,54%.
Goods
are held in stock in a range of 50 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,16.
The
employees costs represent the 13,80% of the production costs.
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
2.234.
The
insolvency index for the region is 0,30, , while for the province it is 0,27.
Total
Bankrupt companies in the province : 2.546.
Total
Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.01 |
|
UK Pound |
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.51.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.