MIRA INFORM REPORT
|
Report No. : |
354174 |
|
Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CARTIERE
DI GUARCINO S.P.A. |
|
|
|
|
Registered Office : |
Via Madonna Di Loreto, 2 03016 – Guarcino (FR) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
12.06.1991 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
· Manufacture of Paper and Cardboard · Deposit Accounts and Loans |
|
|
|
|
No. of Employees : |
From 150 to 175 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made on
e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 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 |
Company
Name and Address
CARTIERE DI GUARCINO
S.P.A.
Via Madonna
Di Loreto, 2
03016 - Guarcino (FR) -IT-
Summary
|
Fiscal
Code |
: |
01956120131 |
|
Legal
Form |
: |
Joint
stock company |
|
start
of Activities |
: |
06/06/2003 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
50.000.000/75.000.000
|
|
Number
of Employees |
: |
from
150 to 175 |
Activity
Manufacture
of paper and cardboard
Deposit
accounts and loans
Legal
Data
Legal
Form : Joint stock company
|
Fiscal
Code : 01956120131 |
|
Chamber
of Commerce no. : 229358 of Como |
|
Chamber
of Commerce no. : 142922 of Frosinone since 18/06/2003 |
|
Chamber
of Commerce no. : 1041438 of Roma |
|
Chamber
of Commerce no. : 275489 of Rimini since 25/02/1999 |
|
Firms'
Register : CO075-26821 of Como |
|
Firms'
Register : FR-2003-18740 of Frosinone since 18/06/2003 |
|
Firms'
Register : RN-1999-6403 of Rimini since 30/03/1999 |
|
V.A.T.
Code : 02657520405 |
|
Foundation
date |
:
12/06/1991 |
|
|
Establishment
date |
:
12/06/1991 |
|
|
Start
of Activities |
:
06/06/2003 |
|
|
Legal
duration |
:
31/12/2050 |
|
|
Nominal
Capital |
:
10.000.000 |
|
|
Subscribed
Capital |
:
10.000.000 |
|
|
Paid
up Capital |
:
10.000.000 |
|
Legal
mail : |
AMMINISTRAZIONE.CDGSPA@PEC.IT |
Members
|
|
Valentini |
Luigi |
|
|
Born
in Verucchio |
(FO) |
on
23/03/1936 |
-
Fiscal Code : VLNLGU36C23L797M |
|
|
Residence: |
Delle
Grazie |
,
21 |
-
47900 |
Rimini |
(RN) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Board
Chairman |
29/05/2015 |
||
|
Director |
29/05/2015 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Finanziaria
Valentini S.p.a. |
|
|
: |
Rigoletto |
,
27 |
-
47922 |
Rimini |
(RN) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Giorgilli |
Massimo |
|
|
Born
in Fiuggi |
(FR) |
on
10/12/1969 |
-
Fiscal Code : GRGMSM69T10A310C |
|
|
Residence: |
Fonte
Anticolana |
,
8 |
-
03014 |
Fiuggi |
(FR) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
29/05/2015 |
||
|
Managing
Director |
22/10/2015 |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Cologni |
Luigi |
|
|
Born
in Osio Sotto |
(BG) |
on
23/04/1964 |
-
Fiscal Code : CLGLGU64D23G160V |
|
|
Residence: |
Giuseppe
Mazzini |
,
5 |
-
24040 |
Levate |
(BG) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
22/10/2015 |
|
|
Principia |
Simone |
|
|
Born
in Alatri |
(FR) |
on
24/12/1970 |
-
Fiscal Code : PRNSMN70T24A123K |
|
|
Residence: |
Valli |
,
48 |
-
03014 |
Fiuggi |
(FR) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney
with special power |
22/10/2015 |
|
|
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.
|
|
Valentini |
Luigi |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
F.i.a.furniture
Industrial Accessories S.p.a |
Colbordolo
(PS) - IT - |
00294980412 |
Director |
Withdrawn |
Registered |
|
F.i.a.furniture
Industrial Accessories S.p.a |
Colbordolo
(PS) - IT - |
00294980412 |
Board
Chairman |
Withdrawn |
Registered |
|
M.
Sessantasei S.r.l. |
Imola
(BO) - IT - |
00147860340 |
Sole
Director |
Withdrawn |
Registered |
|
Confalonieri
S.p.a. |
Filago
(BG) - IT - |
00725270151 |
Director |
Active |
Registered |
|
Confalonieri
S.p.a. |
Filago
(BG) - IT - |
00725270151 |
Board
Chairman |
Active |
Registered |
|
M.
Cinque S.r.l. |
Imola
(BO) - IT - |
01760860401 |
Sole
Director |
Withdrawn |
Registered |
|
Romanore
S.p.a. |
Pomponesco
(MN) - IT - |
00379970205 |
Director |
Withdrawn |
Registered |
|
Bipan
S.p.a. |
Bicinicco
(UD) - IT - |
00961500303 |
Director |
Active |
Registered |
|
Frati
Luigi S.p.a. |
Pomponesco
(MN) - IT - |
00460240203 |
Director |
Active |
Registered |
|
Cenni
Holding Di Ec S.r.l., Mc S.r.l. EdSc S.r.l. Societa' In Accomandita Per A |
Dozza
(BO) - IT - |
03238340370 |
Director |
Withdrawn |
Registered |
|
C.m.p.
Costruzioni Meccaniche Pomponesco- S.p.a. |
Pomponesco
(MN) - IT - |
00142150200 |
Director |
Active |
Registered |
|
Industrie
Valentini - S.p.a. |
Rimini
(RN) - IT - |
00891770406 |
Chairman |
Withdrawn |
Registered |
|
Industrie
Valentini - S.p.a. |
Rimini
(RN) - IT - |
00891770406 |
Director |
Active |
Registered |
|
Industrie
Valentini - S.p.a. |
Rimini
(RN) - IT - |
00891770406 |
Board
Chairman |
Active |
Registered |
|
M.
Dodici S.r.l. |
Imola
(BO) - IT - |
01299830032 |
Sole
Director |
Withdrawn |
Registered |
|
M.
Quattordici S.r.l. |
Imola
(BO) - IT - |
01460140740 |
Sole
Director |
Withdrawn |
Registered |
|
Mdp
S.r.l. |
Imola
(BO) - IT - |
04164721005 |
Director |
Withdrawn |
Registered |
|
M.
Ventidue S.r.l. |
Imola
(BO) - IT - |
01506380748 |
Sole
Director |
Withdrawn |
Registered |
|
M.*venti
S.r.l. |
Imola
(BO) - IT - |
01525521207 |
Sole
Director |
Withdrawn |
Registered |
|
Partecipazioni
Generali - S.r.l. |
Rimini
(RN) - IT - |
01746160405 |
Sole
Director |
Withdrawn |
Ceased |
|
Santa
Domenica Immobiliare S.r.l. |
Gravellona
Toce (VB) - IT - |
00969020031 |
Sole
Director |
Withdrawn |
Ceased |
|
Tre
Stelle S.r.l. |
Imola
(BO) - IT - |
02091510368 |
Director |
Withdrawn |
Registered |
|
Immobiliare
Lucca S.p.a. |
Argelato
(BO) - IT - |
00145450466 |
Director |
Withdrawn |
Ceased |
|
Mercatone
Uno Logistics S.r.l. |
Imola
(BO) - IT - |
00504880030 |
Sole
Director |
Active |
Registered |
|
Zangheri
Legnami S.r.l. |
Rimini
(RN) - IT - |
00063220404 |
Sole
Director |
Withdrawn |
Registered |
|
Societa'
Agricola S.a.i.r. - Societa' AResponsabilita' Limitata |
Rimini
(RN) - IT - |
00723730388 |
Sole
Director |
Withdrawn |
Registered |
|
La
Cerreta S.r.l. |
Rimini
(RN) - IT - |
00368240404 |
Sole
Director |
Active |
Registered |
|
SIMCO
S.R.L. |
Rimini
(RN) - IT - |
02150780407 |
Director |
Withdrawn |
Registered |
|
M.
Settantasei S.r.l. |
Imola
(BO) - IT - |
00858900186 |
Director |
Withdrawn |
Registered |
|
M.
Settanta S.r.l. |
Imola
(BO) - IT - |
00652010232 |
Sole
Director |
Withdrawn |
Registered |
|
M.
Settanta S.r.l. |
Imola
(BO) - IT - |
00652010232 |
General
Partner |
Withdrawn |
Registered |
|
M.*diciannove
S.r.l. |
Imola
(BO) - IT - |
01525531206 |
Sole
Director |
Withdrawn |
Registered |
|
M.
Ventiquattro S.r.l. |
Imola
(BO) - IT - |
01567841208 |
Sole
Director |
Withdrawn |
Registered |
|
M.ventinove
S.r.l. |
Imola
(BO) - IT - |
01664551205 |
Sole
Director |
Withdrawn |
Registered |
|
M.trenta
S.r.l. |
Imola
(BO) - IT - |
01664541206 |
Sole
Director |
Withdrawn |
Merged |
|
Finanziaria
Valentini - S.p.a. |
Rimini
(RN) - IT - |
00328820402 |
Sole
Director |
Withdrawn |
Ceased |
|
M.*ventuno
S.r.l. |
Imola
(BO) - IT - |
01525501209 |
Sole
Director |
Withdrawn |
Registered |
|
M.
Trentuno S.r.l. |
Imola
(BO) - IT - |
01669161208 |
Director |
Withdrawn |
Registered |
|
Valori
Franco E C. S.r.l. |
Cascina
(PI) - IT - |
01206790501 |
Director |
Active |
Registered |
|
M.
Trentaquattro S.r.l. |
Imola
(BO) - IT - |
01857061202 |
Sole
Director |
Withdrawn |
Registered |
|
M.
Trentasei S.r.l. |
Imola
(BO) - IT - |
01579960228 |
Sole
Director |
Withdrawn |
Registered |
|
M.trentasette
S.r.l. |
Imola
(BO) - IT - |
01857051203 |
Sole
Director |
Withdrawn |
Registered |
|
M.
Quarantatre S.r.l. |
Imola
(BO) - IT - |
01956771206 |
Sole
Director |
Withdrawn |
Registered |
|
M.quarantotto
S.r.l. |
Imola
(BO) - IT - |
01956851206 |
Sole
Director |
Withdrawn |
Registered |
|
M.
Quarantadue S.r.l. |
Imola
(BO) - IT - |
01956881203 |
Sole
Director |
Withdrawn |
Registered |
|
E'
Oro S.r.l. |
Imola
(BO) - IT - |
02674950403 |
Director |
Withdrawn |
Registered |
|
M.
Cinquantuno S.r.l. |
Imola
(BO) - IT - |
02109691200 |
Sole
Director |
Withdrawn |
Registered |
|
M.
Cinquantadue S.r.l. |
Imola
(BO) - IT - |
02109701207 |
Sole
Director |
Withdrawn |
Registered |
|
Pgmus
S.r.l. |
Rimini
(RN) - IT - |
03175720402 |
Sole
Director |
Withdrawn |
Ceased |
|
M.
Cinquantatre S.r.l. |
Imola
(BO) - IT - |
02109711206 |
Sole
Director |
Withdrawn |
Registered |
|
Residenza
Cristina S.a.s. Di Zannoni AdrIana E C. |
Rimini
(RN) - IT - |
02261870402 |
Limited
Partner |
Withdrawn |
Registered |
|
Sviluppo
Adriatico - S.p.a. |
Rimini
(FO) - IT - |
00531960409 |
Sole
Director |
Withdrawn |
Ceased |
|
Immobiliare
Adriana S.a.s. Di ValentiniLuigi E C. |
Rimini
(RN) - IT - |
00909150401 |
Sole
Director |
Withdrawn |
Registered |
|
Immobiliare
Adriana S.a.s. Di ValentiniLuigi E C. |
Rimini
(RN) - IT - |
00909150401 |
General
Partner |
Withdrawn |
Registered |
|
Immobiliare
Adriana S.a.s. Di ValentiniLuigi E C. |
Rimini
(RN) - IT - |
00909150401 |
Legal
representative |
Withdrawn |
Registered |
|
Residenze
Covignano S.a.s. Di ValentiniLuigi E C. |
Rimini
(RN) - IT - |
02251400400 |
General
Partner |
Withdrawn |
Registered |
|
Residenze
Covignano S.a.s. Di ValentiniLuigi E C. |
Rimini
(RN) - IT - |
02251400400 |
Legal
representative |
Withdrawn |
Registered |
|
Valentini
Luigi |
Rimini
(RN) - IT - |
VLNLGU36C23L797M |
Proprietor |
Withdrawn |
Registered |
|
Gruppo
Frati S.p.a. |
Pomponesco
(MN) - IT - |
13428370152 |
Director |
Withdrawn |
Merged |
|
Valfina
S.p.a. |
Rimini
(RN) - IT - |
03541410407 |
Director |
Active |
Registered |
|
Valfina
S.p.a. |
Rimini
(RN) - IT - |
03541410407 |
Board
Chairman |
Active |
Registered |
|
La
Fenice Holding S.r.l. |
Imola
(BO) - IT - |
08941061007 |
Director |
Withdrawn |
Registered |
|
La
Fenice Torino S.r.l. |
Imola
(BO) - IT - |
09514021006 |
Sole
Director |
Withdrawn |
Registered |
|
La
Fenice Ancona S.r.l. |
Imola
(BO) - IT - |
09513781006 |
Sole
Director |
Withdrawn |
Registered |
|
M.
Business S.r.l. |
Imola
(BO) - IT - |
09561521007 |
Director |
Withdrawn |
The
company is insolvent. |
|
M.
Outlet S.r.l. |
Imola
(BO) - IT - |
09684971006 |
Sole
Director |
Withdrawn |
Registered |
|
It
Brand S.r.l. |
Roma
(RM) - IT - |
09248691009 |
Director |
Withdrawn |
Registered |
|
M.
Sessantanove S.r.l. |
Imola
(BO) - IT - |
03945710873 |
Sole
Director |
Withdrawn |
Registered |
|
Arbea
S.p.a. |
Milano
(MI) - IT - |
03412790960 |
Sole
Director |
Withdrawn |
Ceased |
|
Zeste
S.p.a. |
Rimini
(RN) - IT - |
03359710963 |
Sole
partner |
Withdrawn |
Registered |
|
Chimica
Pomponesco S.p.a. |
Pomponesco
(MN) - IT - |
02039570201 |
Director |
Active |
Registered |
|
M.
Settantaquattro S.r.l. |
Imola
(BO) - IT - |
02014680033 |
Sole
Director |
Withdrawn |
Registered |
|
Mercatone
Uno Holding S.p.a. |
Imola
(BO) - IT - |
02620711206 |
Director |
Withdrawn |
Ceased |
|
Mercatone
Uno Services S.p.a. |
Imola
(BO) - IT - |
02620671202 |
Director |
Withdrawn |
The
company is insolvent. |
|
Mercatone
Uno Servizi Immobiliari S.r.l. |
Imola
(BO) - IT - |
02599541204 |
Sole
Director |
Withdrawn |
Registered |
|
M.
Estate S.p.a. |
Imola
(BO) - IT - |
02620721205 |
Director |
Withdrawn |
Registered |
|
M.
Estate S.p.a. |
Imola
(BO) - IT - |
02620721205 |
Sole
Director |
Withdrawn |
Registered |
|
Corbetta
F.i.a. S.r.l. |
Atri
(TE) - IT - |
02933890135 |
Director |
Active |
Registered |
|
Corbetta
F.i.a. S.r.l. |
Atri
(TE) - IT - |
02933890135 |
Board
Chairman |
Active |
Registered |
|
Bio
Energia Guarcino S.r.l. |
Guarcino
(FR) - IT - |
02454520608 |
Director |
Withdrawn |
Registered |
|
Bio
Energia Guarcino S.r.l. |
Guarcino
(FR) - IT - |
02454520608 |
Board
Chairman |
Withdrawn |
Registered |
|
Ellegi
Distribuzione S.r.l. |
Rimini
(RN) - IT - |
03599800400 |
Sole
Director |
Withdrawn |
Registered |
|
Golden
Air S.r.l. |
Rimini
(RN) - IT - |
01283780557 |
Sole
Director |
Withdrawn |
Registered |
|
Golden
Air S.r.l. |
Rimini
(RN) - IT - |
01283780557 |
Liquidator |
Withdrawn |
Registered |
|
Frati
Laminati S.r.l. In Liquidazione |
Pomponesco
(MN) - IT - |
01975580182 |
Director |
Withdrawn |
Registered |
|
Melli
Salotti S.r.l. |
Imola
(BO) - IT - |
02220010348 |
Sole
Director |
Active |
Registered |
|
M.uno
Trading S.r.l. |
Imola
(BO) - IT - |
03072331204 |
Director |
Active |
Registered |
|
M.a.
S.r.l. |
Dozza
(BO) - IT - |
02959591203 |
Director |
Active |
Registered |
|
Finanziaria
Valentini S.p.a. |
Rimini
(RN) - IT - |
03842170403 |
Director |
Active |
Registered |
|
Finanziaria
Valentini S.p.a. |
Rimini
(RN) - IT - |
03842170403 |
Board
Chairman |
Active |
Registered |
|
Valentini
Project And Contract G.t. S.r.L. |
Rimini
(RN) - IT - |
03984950406 |
Managing
Director |
Withdrawn |
Registered |
|
Valentini
Project And Contract G.t. S.r.L. |
Rimini
(RN) - IT - |
03984950406 |
Director |
Withdrawn |
Registered |
|
Cve
S.r.l. |
Dozza
(BO) - IT - |
03220701209 |
Director |
Active |
Registered |
|
Cve
S.r.l. |
Dozza
(BO) - IT - |
03220701209 |
Board
Chairman |
Active |
Registered |
|
|
Giorgilli |
Massimo |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Consorzio
Filiera Carta - In Liquidazione |
Isola
del Liri (FR) - IT - |
02496010600 |
Liquidator |
Active |
Registered |
|
Bio
Energia Guarcino S.r.l. |
Guarcino
(FR) - IT - |
02454520608 |
Sole
Director |
Active |
Registered |
|
Italian
System For Renewable Energy S.r.l. |
Pistoia
(PT) - IT - |
01737340479 |
Director |
Active |
Registered |
|
Italian
System For Renewable Energy S.r.l. |
Pistoia
(PT) - IT - |
01737340479 |
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 |
|
Finanziaria
Valentini S.p.a. |
Rimini
- IT - |
03842170403 |
9.000.000
.Eur |
90,00 |
|
Valentini
Gianluigi |
Rimini
- IT - |
VLNGLG67C18H294E |
1.000.000
.Eur |
10,00 |
Direct
Participations
The
Company under review has participations in the following Companies:
|
Firm's
Style |
Seat |
Fiscal
Code |
Owned
Shares Amount |
%
Ownership |
since
|
until
|
Share
Status |
|
Consorzio
Filiera Carta - In Liquidazion e |
Isola
del Liri - IT - |
02496010600 |
Active |
||||
|
Bio
Energia Guarcino S.r.l. |
Guarcino
- IT - |
02454520608 |
220.000
.Eur |
20,00 |
Active |
||
|
Italian
System For Renewable Energy S.r. l. |
Pistoia
- IT - |
01737340479 |
3.200
.Eur |
32,00 |
Active |
Firm's
location and structure
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
since
19/11/1998 |
|
Madonna
Di Loreto |
,
2 |
-
03016 |
-
Guarcino |
(FR) |
-
IT - |
|
Trading
Style: CARTIERE DI GUARCINO S.P.A |
|
Legal
mail |
:
AMMINISTRAZIONE.CDGSPA@PEC.IT |
|
Employees |
:
174 |
|
Assistants |
:
1 |
|
Fittings
and Equipment for a value of 20.040.000 |
Eur |
|
Stocks
for a value of 22.040.000 |
Eur |
Historical Information and/or Firm's Status
CHANGES
TO THE LEGAL FORM:
|
Former
legal form |
New
legal form |
Changement
Date |
|
Limited
partnership stock company |
Limited
liability company |
14/09/2001 |
|
Limited
liability company |
Joint
stock company |
18/06/2003 |
COMPANY
STYLE MODIFICATIONS:
|
Former
Style |
New
Style |
Changement
Date |
|
VALFINA
S.R.L. |
Cartiere
di Guarcino SpA |
18/06/2003 |
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
Company's
starting of activities dates back to 2003.
The
economic-financial analysis has been made on the base of the b/s of the latests
three years.
During
the last years, net losses were registered; in 2014 r.o.e. is -0,49%.
The
operating result in 2014 was positive (3,19%) and in line with the sector's
average.
The
amount of the operating result for the year 2014 is of Eur. 2.435.004 with a
37,46% growth.
The
G.O.M. amounted to Eur. 4.989.366 stable if compared to the financial year
2013.
The
analysis shows a fair financial position as the indebtedness volume is
acceptable (2,7) but with an increase as against the previous accounting
period.
With
regard to equity capital, an amount of Eur. 14.533.020 is registered. on the
same levels as the year before.
Total
indebtedness was equal to Eur. 56.680.433 (Eur. 16.705.353 was the value of m/l
term debts) , a more or less stable value.
Financial
indebtedness is considered fair whereas the recourse to commercial borrowings
is high even in comparison with the sector's.
Even
liquidity range appears to be not completely sufficient.
Trade
credits average terms are 80,42 days. , a value lower than the sector's
average.
As
far as the cash flow is concerned during the latest financial year it amounted
to Eur. 2.483.728
Subordinate
employment cost is of Eur. 7.105.598, i.e. 12,17% on total production costs. ,
whereas the incidence on sales revenues is of 12,05%.
The
financial management is marked by a high incidence of financial charges in
relation to sales revenues (-3,61%).
Financial
Data
|
|
Complete
balance-sheet for the year |
al
31/12/2014 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
58.943.296 |
|
Profit
(Loss) for the period |
-70.634 |
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
53.332.217 |
|
Profit
(Loss) for the period |
-148.560 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
52.491.262 |
|
Profit
(Loss) for the period |
-189.583 |
|
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
45.706.141 |
|
Profit
(Loss) for the period |
-247.155 |
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 31/12/2014 - 12 Mesi - Currency: - Amounts x 1 |
|
-
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value
Type |
as
at 31/12/2014 |
as
at 31/12/2013 |
as
at 31/12/2012 |
Sector
Average |
|
COMPOSITION
ON INVESTMENT |
|||||
|
Rigidity
Ratio |
Units |
0,50 |
0,52 |
0,51 |
0,43 |
|
Elasticity
Ratio |
Units |
0,50 |
0,48 |
0,49 |
0,55 |
|
Availability
of stock |
Units |
0,29 |
0,28 |
0,30 |
0,12 |
|
Total
Liquidity Ratio |
Units |
0,21 |
0,20 |
0,18 |
0,40 |
|
Quick
Ratio |
Units |
0,01 |
0,00 |
0,01 |
0,01 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
2,70 |
2,57 |
2,54 |
1,49 |
|
Self
Financing Ratio |
Units |
0,19 |
0,19 |
0,21 |
0,29 |
|
Capital
protection Ratio |
Units |
0,32 |
0,33 |
0,33 |
0,76 |
|
Liabilities
consolidation quotient |
Units |
0,46 |
0,51 |
0,39 |
0,29 |
|
Financing |
Units |
3,90 |
3,81 |
3,46 |
2,09 |
|
Permanent
Indebtedness Ratio |
Units |
0,43 |
0,45 |
0,41 |
0,47 |
|
M/L
term Debts Ratio |
Units |
0,24 |
0,26 |
0,21 |
0,13 |
|
Net
Financial Indebtedness Ratio |
Units |
1,73 |
1,89 |
1,65 |
0,66 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
0,86 |
0,87 |
0,81 |
1,13 |
|
Current
ratio |
Units |
0,95 |
0,96 |
0,91 |
1,18 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
0,40 |
0,39 |
0,34 |
0,81 |
|
Structure's
primary quotient |
Units |
0,38 |
0,38 |
0,41 |
0,65 |
|
Treasury's
primary quotient |
Units |
0,02 |
0,01 |
0,01 |
0,02 |
|
Rate
of indebtedness ( Leverage ) |
% |
524,92 |
516,15 |
480,73 |
347,40 |
|
Current
Capital ( net ) |
Value |
-1.852.077 |
-1.502.282 |
-3.349.825 |
277.456 |
|
RETURN |
|||||
|
Return
on Sales |
% |
4,21 |
4,70 |
5,07 |
3,75 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
-0,49 |
-1,02 |
-1,29 |
0,03 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
2,41 |
1,06 |
-1,24 |
0,71 |
|
Return
on Investment ( R.O.I. ) |
% |
3,19 |
2,35 |
2,30 |
2,25 |
|
Return/
Sales |
% |
4,13 |
3,32 |
3,11 |
2,41 |
|
Extra
Management revenues/charges incid. |
% |
-2,90 |
-8,39 |
-11,63 |
15,06 |
|
Cash
Flow |
Value |
2.483.728 |
2.508.915 |
2.659.407 |
375.939 |
|
Operating
Profit |
Value |
2.435.004 |
1.771.381 |
1.630.215 |
75.030 |
|
Gross
Operating Margin |
Value |
4.989.366 |
4.428.856 |
4.479.205 |
984.767 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
80,42 |
84,42 |
69,29 |
115,37 |
|
Debts
to suppliers average term |
Days |
176,99 |
174,12 |
174,82 |
130,42 |
|
Average
stock waiting period |
Days |
134,59 |
144,71 |
148,23 |
51,55 |
|
Rate
of capital employed return ( Turnover ) |
Units |
0,77 |
0,71 |
0,74 |
0,94 |
|
Rate
of stock return |
Units |
2,67 |
2,49 |
2,43 |
6,98 |
|
Labour
cost incidence |
% |
12,05 |
12,04 |
11,65 |
14,75 |
|
Net
financial revenues/ charges incidence |
% |
-3,61 |
-2,83 |
-2,33 |
-2,34 |
|
Labour
cost on purchasing expenses |
% |
12,17 |
11,90 |
10,38 |
14,06 |
|
Short-term
financing charges |
% |
3,77 |
2,73 |
2,40 |
3,03 |
|
Capital
on hand |
% |
129,43 |
141,33 |
135,11 |
105,97 |
|
Sales
pro employee |
Value |
265.510 |
266.661 |
322.032 |
268.685 |
|
Labour
cost pro employee |
Value |
32.007 |
32.114 |
37.504 |
34.580 |
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 |
:
|
|
|
Population
living in the region |
:
|
|
|
Number
of families in the region |
:
|
|
Monthly
family expences average in the region (in Eur..) :
|
-
per food products |
:
|
|
|
-
per non food products |
:
|
|
|
-
per energy consume |
:
|
|
Sector
Data
The
values are calculated on a base of 210 significant companies.
The
companies cash their credits on an average of 115 dd.
The
average duration of suppliers debts is about 130 dd.
The
sector's profitability is on an average of 3,75%.
The
labour cost affects the turnover in the measure of 14,75%.
Goods
are held in stock in a range of 52 dd.
The
difference between the sales volume and the resources used to realize it is
about 0,94.
The
employees costs represent the 14,06% of the production costs.
Statistical
Detrimental Data
Statistcally
the trade activity shows periods of crisis.
The
area is statistically considered remarkably risky.
In
the region 53.924 protested subjects are found; in the province they count to
6.385.
The
insolvency index for the region is 1,04, , while for the province it is 1,31.
Total
Bankrupt companies in the province : 1.671.
Total
Bankrupt companies in the region : 37.442.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.85 |
|
|
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.73.16 |
|
ITL |
1 |
Rs.72.34 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
NIT |
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.