MIRA INFORM REPORT

 

 

Report No. :

356500

Report Date :

23.12.2015

 

IDENTIFICATION DETAILS

 

Name :

AGUSTAWESTLAND S.P.A.

 

 

Registered Office :

Piazza Monte Grappa, 4 Cascina Costa 00195 - Roma  (RM)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

01.01.2000

 

 

Legal Form :

Joint stock company with sole shareholder

 

 

Line of Business :

Manufacture of air and spacecraft and related machinery.

 

 

No. of Employee :

More than 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 :

Good

 

 

Payment Behaviour :

Regular

 

 

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

 

AGUSTAWESTLAND S.P.A.

 

Piazza Monte Grappa, 4 Cascina Costa 00195 - Roma  (RM)-IT-

 

 

 

Summary

 

Fiscal Code

:

02512010121

Legal Form

:

Joint stock company with sole shareholder

start of Activities

:

01/01/2000

Number of Employees

:

more than 1500

 

 

Activity

 

Manufacture of air and spacecraft and related machinery

 

 

Legal Data

 

Legal Form : Joint stock company with sole shareholder

Fiscal Code : 02512010121

 

Foreign Trade Reg. no. : VA049521 since 08/02/2000

 

Chamber of Commerce no. : 160964 of Ascoli Piceno

 

Chamber of Commerce no. : 100606 of Benevento

 

Chamber of Commerce no. : 105904 of Brindisi

 

Chamber of Commerce no. : 130740 of Frosinone

 

Chamber of Commerce no. : 1604533 of Milano

 

Chamber of Commerce no. : 1604633 of Milano

 

Chamber of Commerce no. : 204772 of Novara

 

Chamber of Commerce no. : 995649 of Roma since 01/08/2014

 

Chamber of Commerce no. : 263011 of Varese since 10/05/1999

 

Chamber of Commerce no. : 353585 of Venezia

 

Firms' Register : VA-1999-18223 of Varese since 10/05/1999

 

V.A.T. Code : 02512010121

 

Foundation date

: 20/06/1897

Establishment date

: 05/05/1999

Start of Activities

: 01/01/2000

Legal duration

: 31/12/2100

Nominal Capital

: 702.537.000

Subscribed Capital

: 702.537.000

Paid up Capital

: 702.537.000

 

Legal mail :

AGUSTAWESTLANDSPA@PEC.IT

 

 

Members

 

Finmeccanica - Societa' Per Azioni

 

 

Residence:

Monte Grappa

, 4

- 00195

Roma

(RM)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole partner

10/01/2014

 

Prejudicial Events found with cancellations*

 

Legal Mortgage - 26/03/2007. - 1.619.854 Euro. Event writing-off

  EQUITALIA GERIT SPA

 

No Protests registered

 

Corcione

Giuseppe

 

Born in Napoli

(NA)

on 17/10/1966

- Fiscal Code : CRCGPP66R17F839Q

 

Residence:

Roma

, 51

- 21029

Vergiate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

Attorney with special power

08/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Paralupi

Paolo

 

Born in Roma

(RM)

on 22/11/1952

- Fiscal Code : PRLPLA52S22H501T

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Stevanella

Vladimiro

 

Born in Milano

(MI)

on 04/01/1958

- Fiscal Code : STVVDM58A04F205F

 

Residence:

Giovanni Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

27/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Biaggi

Alessandro

 

Born in Busto Arsizio

(VA)

on 05/09/1969

- Fiscal Code : BGGLSN69P05B300C

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Romiti

Daniele

 

Born in Genova

(GE)

on 27/09/1958

- Fiscal Code : RMTDNL58P27D969G

 

Residence:

Giovanni Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

01/08/2014

Managing Director

01/08/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Colzani

Gian Paolo

 

Born in Besana In Brianza

(MB)

on 29/05/1960

- Fiscal Code : CLZGPL60E29A818P

 

Residence:

Ludovico Ariosto

, 3

- 21010

Arsago Seprio

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

31/01/2000

 

No Prejudicial events are reported

 

No Protests registered

 

Baricci

Alessandro

 

Born in Grosseto

(GR)

on 10/04/1962

- Fiscal Code : BRCLSN62D10E202U

 

Residence:

Belmonte

, 79A

- 21100

Varese

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Dalmasso

Emilio

 

Born in Torino

(TO)

on 27/05/1956

- Fiscal Code : DLMMLE56E27L219L

 

Residence:

Giovanni Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

20/09/2011

 

No Prejudicial events are reported

 

No Protests registered

 

Cicolella

Alfredo

 

Born in Bari

(BA)

on 16/05/1966

- Fiscal Code : CCLLRD66E16A662B

 

Residence:

Conca D'oro

, 350

- 00141

Roma

(RM)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

14/07/2005

 

No Prejudicial events are reported

 

No Protests registered

 

Battaglino

Andrea

 

Born in Roma

(RM)

on 27/03/1969

- Fiscal Code : BTTNDR69C27H501I

 

Residence:

Allumiere

, 25

- 00179

Roma

(RM)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

05/08/2005

 

No Prejudicial events are reported

 

No Protests registered

 

Grazzini

Paolo

 

Born in Pisa

(PI)

on 15/06/1965

- Fiscal Code : GRZPLA65H15G702X

 

Residence:

Ponte Valentino

, SS90 BIS

- 82100

Benevento

(BN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

16/07/2015

 

No Prejudicial events are reported

 

No Protests registered

 

Simone

Luigi Fulvio

 

Born in Acquarica del Capo

(LE)

on 16/01/1954

- Fiscal Code : SMNLFL54A16A042T

 

Residence:

Teano

, 35

- 04100

Latina

(LT)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Cerri

Franca

 

Born in Colletorto

(CB)

on 03/07/1957

- Fiscal Code : CRRFNC57L43C875D

 

Residence:

Uguaglianza

, 67

- 21029

Vergiate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

02/05/2006

 

No Prejudicial events are reported

 

No Protests registered

 

Pera

Marco

 

Born in Vercelli

(VC)

on 08/10/1966

- Fiscal Code : PREMRC66R08L750D

 

Residence:

Roma

, 51

- 21029

Vergiate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

23/06/2006

 

No Prejudicial events are reported

 

No Protests registered

 

Monticelli

Marco

 

Born in Collesalvetti

(LI)

on 20/07/1959

- Fiscal Code : MNTMRC59L20C869O

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

03/09/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Ceriotti

Alberto Virginio

 

Born in Busto Garolfo

(MI)

on 15/10/1953

- Fiscal Code : CRTLRT53R15B301Q

 

Residence:

Indipendenza

, 2

- 21018

Sesto Calende

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Bertola

Lorenzo

 

Born in Como

(CO)

on 06/03/1967

- Fiscal Code : BRTLNZ67C06C933G

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

16/07/2015

 

No Prejudicial events are reported

 

No Protests registered

 

Grillo

Marcella

 

Born in Alessandria

(AL)

on 13/07/1977

- Fiscal Code : GRLMCL77L53A182N

 

Residence:

Avv. G. Colombo

, 5

- 28053

Castelletto Sopra Ticino

(NO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

10/04/2008

 

No Prejudicial events are reported

 

No Protests registered

 

Cunico

Alessio

 

Born in Milano

(MI)

on 03/08/1975

- Fiscal Code : CNCLSS75M03F205E

 

Residence:

Prealpi

, 13

- 22066

Mariano Comense

(CO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

10/04/2008

 

No Prejudicial events are reported

 

No Protests registered

 

Collato

Michele

 

Born in Luino

(VA)

on 12/07/1972

- Fiscal Code : CLLMHL72L12E734S

 

Residence:

Pineta

, 11

- 21010

Dumenza

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

10/11/2008

 

No Prejudicial events are reported

 

No Protests registered

 

Terlingo

Roberto

 

Born in Pavia

(PV)

on 01/11/1970

- Fiscal Code : TRLRRT70S01G388S

 

Residence:

Turati

, 6

- 27010

Borgarello

(PV)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

22/04/2009

 

No Prejudicial events are reported

 

No Protests registered

 

Gasparini

Giuseppe

 

Born in Mirano

(VE)

on 27/10/1955

- Fiscal Code : GSPGPP55R27F241P

 

Residence:

Giovanni Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

De Luca

Pierluigi

 

Born in Jesi

(AN)

on 30/08/1964

- Fiscal Code : DLCPLG64M30E388X

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

28/05/2009

 

No Prejudicial events are reported

 

No Protests registered

 

Del Sole

Roberto

 

Born in Luino

(VA)

on 28/04/1966

- Fiscal Code : DLSRRT66D28E734A

 

Residence:

Roma

, 51

- 21029

Vergiate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Protests registered

 

Bianco

Nicola

 

Born in Fontanarosa

(AV)

on 22/02/1950

- Fiscal Code : BNCNCL50B22D671O

 

Residence:

Scesa

, 40

- 21013

Gallarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

24/06/2003

 

No Prejudicial events are reported

 

No Protests registered

 

Romanazzo

Maurizio

 

Born in Taranto

(TA)

on 16/11/1969

- Fiscal Code : RMNMRZ69S16L049S

 

Residence:

Grottaglie

, 61

- 74020

Montemesola

(TA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

12/11/2001

 

No Prejudicial events are reported

 

No Protests registered

 

Sguazzini

Stefano

 

Born in Novara

(NO)

on 03/02/1961

- Fiscal Code : SGZSFN61B03F952O

 

Residence:

Cavallotti

, 7

- 28100

Novara

(NO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

23/05/2002

 

No Prejudicial events are reported

 

No Protests registered

 

Maragnani

Luca Michele

 

Born in St. Marylebone

( )

on 08/10/1969

- Fiscal Code : MRGLMC69R08Z114L

 

Residence:

Del Gregge

, 100

- 21015

Lonate Pozzolo

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

21/02/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Raggi

Marco

 

Born in Carrara

(MS)

on 02/04/1951

- Fiscal Code : RGGMRC51D02B832B

 

Residence:

Giosue' Carducci

, 106

- 54100

Massa

(MS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

26/04/2004

 

No Prejudicial events are reported

 

No Protests registered

 

Renna

Alessandro

 

Born in Galatina

(LE)

on 02/07/1969

- Fiscal Code : RNNLSN69L02D862N

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

18/01/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Gustapane

Enrico

 

Born in Lecce

(LE)

on 19/09/1972

- Fiscal Code : GSTNRC72P19E506Q

 

Residence:

Giovanni Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

02/03/2011

 

No Prejudicial events are reported

 

No Protests registered

 

Marcocci

Luciano

 

Born in Lucca

(LU)

on 26/10/1953

- Fiscal Code : MRCLCN53R26E715P

 

Residence:

Giovanni Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

07/10/2009

 

No Prejudicial events are reported

 

No Protests registered

 

Vaccaro

Vittorio

 

Born in Napoli

(NA)

on 10/07/1957

- Fiscal Code : VCCVTR57L10F839N

 

Residence:

Giovanni Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

19/03/2015

 

No Prejudicial events are reported

 

No Protests registered

 

Brena

Clemente

 

Born in Milano

(MI)

on 03/11/1960

- Fiscal Code : BRNCMN60S03F205X

 

Residence:

Giovanni Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Nannoni

Fabio

 

Born in Oleggio

(NO)

on 08/12/1957

- Fiscal Code : NNNFBA57T08G019K

 

Residence:

Giovanni Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

07/10/2009

 

No Prejudicial events are reported

 

No Protests registered

 

Mietto

Alfio

 

Born in Samarate

(VA)

on 26/01/1973

- Fiscal Code : MTTLFA73A26H736Z

 

Residence:

Roma

, 51

- 21029

Vergiate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Cafasso

Oreste

 

Born in Napoli

(NA)

on 30/08/1968

- Fiscal Code : CFSRST68M30F839H

 

Residence:

Paduni

, SNC

- 03012

Anagni

(FR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Ferroni

Massimo

 

Born in Milano

(MI)

on 14/03/1959

- Fiscal Code : FRRMSM59C14F205E

 

Residence:

Roma

, 51

- 21029

Vergiate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Puccio

Pierluca

 

Born in Bergamo

(BG)

on 08/01/1972

- Fiscal Code : PCCPLC72A08A794B

 

Residence:

Giovanni Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

02/03/2011

 

No Prejudicial events are reported

 

No Protests registered

 

D'agostino

Giorgio

 

Born in Roma

(RM)

on 12/07/1970

- Fiscal Code : DGSGRG70L12H501O

 

Residence:

Giovanni Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

02/03/2011

 

No Prejudicial events are reported

 

No Protests registered

 

Biganzoli

Sergio

 

Born in Gallarate

(VA)

on 29/03/1956

- Fiscal Code : BGNSRG56C29D869Y

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

04/06/2014

 

No Protests registered

 

Pizzolla

Pierpaolo

 

Born in Bernalda

(MT)

on 10/06/1968

- Fiscal Code : PZZPPL68H10A801L

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

20/04/2011

 

No Prejudicial events are reported

 

No Protests registered

 

D'agostino

Domenico

 

Born in Reggio Calabria

(RC)

on 16/09/1969

- Fiscal Code : DGSDNC69P16H224M

 

Residence:

Giovanni Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Protests registered

 

Sorice

Michele

 

Born in Napoli

(NA)

on 27/03/1971

- Fiscal Code : SRCMHL71C27F839I

 

Residence:

Del Gregge

, 100

- 21015

Lonate Pozzolo

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

20/09/2011

 

No Prejudicial events are reported

 

No Protests registered

 

Aranzanu

Gianluca

 

Born in Cagliari

(CA)

on 04/08/1968

- Fiscal Code : RNZGLC68M04B354Y

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

27/05/2015

 

No Protests registered

 

Parrella

Andrea

 

Born in Roma

(RM)

on 23/01/1966

- Fiscal Code : PRRNDR66A23H501M

 

Residence:

Tiburtina

, 965

- 00156

Roma

(RM)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

01/08/2014

Board Chairman

01/08/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Ponsonby

John

 

Born in Beirut

( )

on 08/08/1955

- Fiscal Code : PNSJHN55M08Z229T

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

20/09/2011

 

No Prejudicial events are reported

 

No Protests registered

 

Zolesi

Paolo

 

Born in Genova

(GE)

on 13/03/1970

- Fiscal Code : ZLSPLA70C13D969Q

 

Residence:

Ponte Valentino

, SS90BIS

- 82100

Benevento

(BN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Bianco

Maurizio

 

Born in Ortona

(CH)

on 25/08/1977

- Fiscal Code : BNCMRZ77M25G141A

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/10/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Viola

Marco

 

Born in Cassino

(FR)

on 22/02/1973

- Fiscal Code : VLIMRC73B22C034A

 

Residence:

Giovanni Agusta

, 1

- 03100

Frosinone

(FR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Della Bella

Vittorio

 

Born in Busto Arsizio

(VA)

on 25/08/1961

- Fiscal Code : DLLVTR61M25B300C

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

18/01/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Todisco

Vincenzo

 

Born in Monopoli

(BA)

on 07/08/1964

- Fiscal Code : TDSVCN64M07F376A

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

18/01/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Marrocu

Francesca

 

Born in Oristano

(OR)

on 01/10/1967

- Fiscal Code : MRRFNC67R41G113O

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

18/01/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Cuscianna

Jacopo

 

Born in Roma

(RM)

on 06/05/1976

- Fiscal Code : CSCJCP76E06H501U

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

18/01/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Cardillo

Francesco

 

Born in Bolzano

(BZ)

on 02/08/1975

- Fiscal Code : CRDFNC75M02A952C

 

Residence:

Barberini

, 86

- 00187

Roma

(RM)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Luglini

Raffaella

 

Born in L'Aquila

(AQ)

on 29/04/1971

- Fiscal Code : LGLRFL71D69A345B

 

Residence:

Giovanni Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

01/08/2014

 

No Prejudicial events are reported

 

Girardi

Emanuele

 

Born in Zevio

(VR)

on 17/03/1971

- Fiscal Code : GRRMNL71C17M172S

 

Residence:

Roma

, 51

- 21029

Vergiate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

06/05/2015

 

No Prejudicial events are reported

 

No Protests registered

 

Perfetto

Tobia

 

Born in Napoli

(NA)

on 29/05/1972

- Fiscal Code : PRFTBO72E29F839J

 

Residence:

Roma

, 51

- 21029

Vergiate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

06/05/2015

 

No Prejudicial events are reported

 

No Protests registered

 

Pisanu Petrini

Angelo

 

Born in Sassari

(SS)

on 09/10/1973

- Fiscal Code : PSNNGL73R09I452A

 

Residence:

Monte Grappa

, 4

- 00195

Roma

(RM)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

07/08/2014

 

No Protests registered

 

Ferri

Ferruccio

 

Born in Sora

(FR)

on 10/04/1971

- Fiscal Code : FRRFRC71D10I838Z

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

27/10/2014

 

No Protests registered

 

Anchisi

Corrado

 

Born in Saronno

(VA)

on 02/01/1975

- Fiscal Code : NCHCRD75A02I441X

 

Residence:

Giovanni Agusta

, 1

- 03100

Frosinone

(FR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

04/11/2014

 

No Protests registered

 

Sottotetti

Gianfranco

 

Born in Voghera

(PV)

on 22/09/1954

- Fiscal Code : STTGFR54P22M109L

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Protests registered

 

Cereti

Luigi

 

Born in Torino

(TO)

on 21/08/1963

- Fiscal Code : CRTLGU63M21L219C

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Protests registered

 

Luzi

Luciano

 

Born in Roma

(RM)

on 20/07/1964

- Fiscal Code : LZULCN64L20H501Q

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

04/06/2014

 

No Protests registered

 

Higgins

Clive James

 

Born in Yeovil

( )

on 04/05/1977

- Fiscal Code : HGGCVJ77E04Z114G

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

27/11/2014

 

No Protests registered

 

Colombo

Valter

 

Born in Gallarate

(VA)

on 24/09/1958

- Fiscal Code : CLMVTR58P24D869O

 

Residence:

Roma

, 51

- 21029

Vergiate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

19/03/2015

 

No Protests registered

 

Dell'andrea

Claudio

 

Born in Cortina d'Ampezzo

(BL)

on 02/04/1968

- Fiscal Code : DLLCLD68D02A266O

 

Residence:

Giovanni Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Protests registered

 

Edwardws

Raymond Edgar

 

Born in Usk

( )

on 18/09/1951

- Fiscal Code : DWRRMN51P18Z114B

 

Residence:

G. Agusta

, 520

- 21017

Samarate

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

27/05/2015

 

No Protests registered

 

Abdel Nour

Pierre

 

Born in Alessandria D'egitto

( )

on 07/10/1960

- Fiscal Code : BDLPRR60R07Z336H

 

Residence:

Clerici

, SNC

- 20091

Bresso

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Protests registered

 

Petrosso

Paolo

 

Born in Roma

(RM)

on 01/08/1978

- Fiscal Code : PTRPLA78M01H501I

 

Residence:

Indipendenza

, 2

- 21018

Sesto Calende

(VA)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

08/11/2014

 

No Protests registered

 

*Concerns also partially erased events.

 

 

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.

 

Finmeccanica - Societa' Per Azioni

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Ansaldo Energia S.p.a.

Genova (GE) - IT -

00734630155

Sole partner

Withdrawn

Registered

Bredamenarinibus - Societa' Per Azioni

Bologna (BO) - IT -

00550290373

Sole partner

Active

Registered

Ansaldobreda S.p.a.

Napoli (NA) - IT -

00109940478

Sole partner

Active

Registered

Selex Elsag S.p.a.

Genova (GE) - IT -

00808100010

Sole partner

Withdrawn

Merged

Fata Group S.p.a In Liquidazione

Pianezza (TO) - IT -

09113610159

Sole partner

-

In liquidation

Whitehead Sistemi Subacquei S.p.a. WassS.p.a.

Roma (RM) - IT -

03064480100

Sole partner

Active

Registered

Selex Sistemi Integrati S.p.a. - In Liquidazione

Roma (RM) - IT -

05576291008

Sole partner

Withdrawn

In liquidation

Elsag Datamat Spa

Genova (GE) - IT -

03751500103

Sole partner

Active

Merged

Als S.p.a.

Roma (RM) - IT -

05857791007

Sole partner

Active

Merged

Selex Service Management S.p.a.

Roma (RM) - IT -

01148980996

Sole partner

Withdrawn

Registered

Alenia Aermacchi S.p.a.

Roma (RM) - IT -

03902621212

Sole partner

Active

Registered

Oto Melara S.p.a.

La Spezia (SP) - IT -

01125920114

Sole partner

Active

Registered

Ote S.p.a.

Firenze (FI) - IT -

01313030999

Sole partner

-

Ceased

Fata S.p.a.

Pianezza (TO) - IT -

09080800015

Sole partner

Active

Registered

Selex Sensors And Airborne Systems S.p.a. In Liquidazione

Campi Bisenzio (FI) - IT -

05515240488

Sole partner

-

In liquidation

Selex Es S.p.a.

Roma (RM) - IT -

10111831003

Sole partner

Active

Registered

Finmeccanica Global Services S.p.a.

Roma (RM) - IT -

08436391000

Sole partner

Active

Registered

 

Romiti

Daniele

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Alenia Aeronavali S.p.a.

Venezia (VE) - IT -

00164190274

Director

Withdrawn

Merged

Alenia Aermacchi S.p.a.

Venegono Superiore (VA) - IT -

04443740156

Procurator

Withdrawn

Registered

Alenia Aermacchi S.p.a.

Roma (RM) - IT -

03902621212

Attorney with special power

Withdrawn

Registered

Alenia Aermacchi S.p.a.

Roma (RM) - IT -

03902621212

General Director

Withdrawn

Registered

 

Parrella

Andrea

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Finmeccanica - Societa' Per Azioni

Roma (RM) - IT -

00401990585

Attorney with special power

Active

Registered

Telespazio S.p.a.

Roma (RM) - IT -

01366520284

Director

Active

Registered

Telespazio S.p.a.

Roma (RM) - IT -

01366520284

Assistant board Chairman

Active

Registered

Emittenti Titoli S.p.a.

Milano (MI) - IT -

12144770158

Director

Active

Registered

Trenitalia S.p.a.

Roma (RM) - IT -

05403151003

Procurator

Withdrawn

Registered

Ferrovie Dello Stato Italiane S.p.a.

Roma (RM) - IT -

06359501001

Procurator

Withdrawn

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

Finmeccanica - Societa' Per Azioni

Roma - IT -

00401990585

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

Sistemi Dinamici S.p.a.

Pisa - IT -

01148640509

80.000 .Eur

40,00

Active

Cobat, Consorzio Nazionale Raccolta E Ri ciclo

Roma - IT -

03900281001

Active

Consorzio Cals Italia

Roma - IT -

06057911007

Active

Distretto Tecnologico Aerospaziale S.c. A R.l.

Brindisi - IT -

02252090747

10.500 .Eur

7,00

Active

Agustawestland-politecnico Advanced Roto Rcraft Center Societa' A Responsabilita'

Milano - IT -

06828300969

320.000 .Eur

80,00

Active

Rotorsim S.r.l.

Sesto Calende - IT -

02428340026

4.900.000 .Eur

50,00

Active

Consorzio Tessera

Venezia - IT -

03995250275

Active



Firm's location and structure

 

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

 

-

Legal and operative seat

(Head office)

 

Monte Grappa

, 4

- 00100

- Roma

(RM)

- IT -

 

Trading Style: Augusta Westland Italy

 

Legal mail

: AGUSTAWESTLANDSPA@PEC.IT

 

-

Branch

(Factory)

since 01/01/2000

 

Roma

, 51

- 21029

- Vergiate

(VA)

- IT -

 

Trading Style: Agusta Westland Italy

 

PHONE

: 082482453447

 

PHONE

: 08315311

 

PHONE

: 07752051

 

PHONE

: 022401427

 

PHONE

: 0331940111

 

-

Branch

(Store)

since 01/01/2000

 

Adriatico

, 50

- 21017

- Samarate

(VA)

- IT -

 

PHONE

: 0331229111

 

-

Branch

(Factory)

since 01/01/2000

 

Paduni

- 03012

- Anagni

(FR)

- IT -

 

Trading Style: Agusta Westland Italy

 

-

Branch

(Workshop)

since 01/01/2000

 

Clerici

- 20091

- Bresso

(MI)

- IT -

 

-

Branch

(Factory)

since 01/01/2000

 

Santa Teresa Pinti

- 72100

- Brindisi

(BR)

- IT -

 

Trading Style: Agusta Westland Italy

 

-

Branch

(Operating branch)

since 01/02/2000

 

Indipendenza

, 2

- 21018

- Sesto Calende

(VA)

- IT -

 

PHONE

: 0331924421

 

-

Branch

(Factory)

since 01/01/2000

 

Ponte Valentino

, SNC

- 82100

- Benevento

(BN)

- IT -

 

Trading Style: Agusta Westland Italy

 

-

Branch

(Administrative office)

since 15/12/2001

 

Barberini

, 86

- 00100

- Roma

(RM)

- IT -

 

-

Branch

(Operating branch)

since 01/06/2007

 

Del Gregge

, 100

- 21015

- Lonate Pozzolo

(VA)

- IT -

 

-

Branch

(Factory)

since 01/01/2000

 

G. Augusta

, 1

- 03100

- Frosinone

(FR)

- IT -

 

-

Branch

(Factory)

since 02/09/2003

 

Ss Bellinzago

- 28062

- Cameri

(NO)

- IT -

 

-

Branch

(Workshop)

since 09/03/2010

 

Triestina

, 214

- 30100

- Venezia

(VE)

- IT -

 

-

Branch

(Factory)

since 10/06/2011

 

Salaria

, 825

- 00100

- Roma

(RM)

- IT -

 

-

Branch

(Factory)

since 01/08/2014

 

Giovanni Agusta

, 520

- 21017

- Samarate

(VA)

- IT -

 

Employees

: 5.760

 

Fittings and Equipment for a value of 78.500.000

Eur

 

Stocks for a value of 2.187.690.000

Eur

 

Work in progress for a value of 573.690.000

Eur

 

Trade organization: direct or by agents.

The company sells in Italy and abroad.

 

Import comes generally from the following nations:

- Svizzera

 

- Germany

 

- France

 

- Great Britain

 

- Belgium

 

The subject firm uses the following own selling brands:

- AGUSTA

 

 

Historical Information and/or Firm's Status

 

COMPANY STYLE MODIFICATIONS:

 

Former Style

New Style

Changement Date

Agusta SpA

Agustawestland SpA

01/06/2011

 

CEASINGS/INCORPORATIONS/MERGES:

 

The firm took over the activity of

 

Finmeccanica - Societa' Per Azioni

 

Monte Grappa

, 4

, 00195

, Roma

(RM)

- IT -

 

Fiscal Code: 00401990585

 

Date

:

05/05/1999

 

The firm absorbed by merging of

 

Amtech S.p.a.

 

Giovanni Agusta

, 520

, 21017

, Samarate

(VA)

- IT -

 

Fiscal Code: 02011590128

 

Date

:

06/12/2000

 

Project of merging by taking over of

 

Amtech S.p.a.

 

Giovanni Agusta

, 520

, 21017

, Samarate

(VA)

- IT -

 

Fiscal Code: 02011590128

 

Date

Merging/splitting-up project:

04/05/2000

 

Project of merging by taking over of

 

AGUSTAWESTLAND NV

 

, Amsterdam

- IT -

 

Date

Merging/splitting-up project:

11/06/2013

 

The firm absorbed by merging of

 

AUGUSTAWESTLAND N.V.

 

, Amsterdam

- IT -

 

Date

:

17/12/2013

 

Project of splitting-up and tranfer into

 

Finmeccanica - Societa' Per Azioni

 

Monte Grappa

, 4

, 00195

, Roma

(RM)

- IT -

 

Fiscal Code: 00401990585

 

Date

Merging/splitting-up project:

30/07/2015

 

Res.of Splitting-up and transfer of assets to

 

Finmeccanica - Societa' Per Azioni

 

Monte Grappa

, 4

, 00195

, Roma

(RM)

- IT -

 

Fiscal Code: 00401990585

 

Date

Splitting-up:

29/09/2015



Protests

 

Protests checking on the subject firm has given a negative result.

 

 

Data Base Prejudicial Events Search

 

Search performed on a National Scale

 

Prejudicial Events Search Result: NEGATIVE

 

Search performed on a specialized data base.

 

 

Legal Procedures

 

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

 

 

Bankers

 

The firm operates with:

 

Bank Name

Agency Name

Address

ZIP Code

City

ABI Code

CAB Code

BANCA INTESA SPA

3069

0

BANCA POPOLARE DI BERGAMO SPA

5428

0

BANCA POPOLARE DI NOVARA

5608

0

BANCA DI LEGNANO S. P. A.

3204

0



Financial and Economical Analysis

 

Subject is active since 2000

The economic-financial analysis has been made on the base of the b/s of the latests three years.

During the last years, it recorded positive net results (r.o.e. 11,09% in 2014) with a remarkable upward trend (+8,21% on 2014 compared to 2013 and +17,78% on 2013 compared to 2012).

The operating result in 2014 was positive (3,27%) and in line with the sector's average.

The amount of the operating result for the year 2014 is of Eur. 216.204.000 rising (+61,12%) in relation to the previous year.

The gross operating margin of the latest financial year is of Eur. 383.510.000 , stable if compared to the year before.

Company's financial status is balanced since indebtedness is not high (1,59) and falling as against the previous year (2,21).

It's shareholders funds amount to Eur. 2.218.659.000 , increasing by 62,7% if compared to the year before.

Total debts recorded amounted to Eur. 3.900.206.000 (Eur. 356.788.000 of which were m/l term debts) , showing an upward trend if compared to 2013.

The recourse to financial credit is within the limits; on the other hand the recourse to suppliers' credit is rated as fairly high and higher than sector's average.

Liquid assets are good.

On average trade credits are collected in 63,19 days. , in line with the sector's average.

2014 financial year closed with a cash flow of Eur. 316.884.000

Labour cost expenses amount to Eur. 382.803.000 , representing 14,49% on the total of production costs. and a 13,07% incidence on sales volumes.

No incidence of financial charges as lower than the incomes.




Financial Data

 

Complete balance-sheet for the year

al 31/12/2014

(in Eur

x 1)

 

Item Type

Value

Sales

2.927.838.000

Profit (Loss) for the period

246.021.000

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

2.705.604.000

Profit (Loss) for the period

102.542.000

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

2.297.025.000

Profit (Loss) for the period

170.867.000

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

2.429.510.307

Profit (Loss) for the period

144.411.373

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

2.197.105.000

Profit (Loss) for the period

146.599.000



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

 

Years

2014

2013

2012

 

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.

761.566.000

579.631.000

452.285.000

. . Industrial patent rights

. . Concessions,licenses,trademarks,etc.

91.643.000

104.237.000

119.543.000

. . Goodwill

336.814.000

336.814.000

336.814.000

. . Assets in formation and advance paymen.

. . Other intangible fixed assets

9.060.000

11.833.000

14.703.000

. Total Intangible Fixed Assets

1.199.083.000

1.032.515.000

923.345.000

. TANGIBLE FIXED ASSETS

. . Real estate

118.213.000

116.413.000

117.163.000

. . Plant and machinery

65.004.000

68.956.000

68.110.000

. . Industrial and commercial equipment

13.496.000

15.781.000

19.278.000

. . Other assets

79.763.000

86.658.000

57.355.000

. . Assets under construction and advances

. Total Tangible fixed assets

276.476.000

287.808.000

261.906.000

. FINANCIAL FIXED ASSETS

. . Equity investments

956.211.000

77.886.000

64.886.000

. . . Equity invest. in subsidiary companies

956.211.000

77.886.000

64.886.000

. . . Equity invest. in associated companies

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

. . Financial receivables

178.402.000

88.275.000

24.199.000

. . . . Within 12 months

. . . . Beyond 12 months

178.402.000

88.275.000

24.199.000

. . . Receivab due from subsidiaries

56.164.000

. . . . Within 12 months

. . . . Beyond 12 months

56.164.000

. . . Receivables due from assoc.comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from third parties

122.238.000

88.275.000

24.199.000

. . . . Within 12 months

. . . . Beyond 12 months

122.238.000

88.275.000

24.199.000

. . Other securities

. . Own shares

. . . Total nominal value

. Total financial fixed assets

1.134.613.000

166.161.000

89.085.000

Total fixed assets

2.610.172.000

1.486.484.000

1.274.336.000

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

756.894.000

732.756.000

656.623.000

. . Work in progress and semimanufactured

695.077.000

740.841.000

684.708.000

. . Work in progress on order

573.688.000

523.194.000

667.259.000

. . Finished goods

. . Advance payments

162.031.000

174.528.000

180.685.000

. Total Inventories

2.187.690.000

2.171.319.000

2.189.275.000

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

1.741.910.000

1.226.720.000

1.112.901.000

. . Beyond 12 months

37.222.000

415.000

. . Trade receivables

513.952.000

460.307.000

450.634.000

. . . . Within 12 months

513.952.000

460.307.000

450.634.000

. . . . Beyond 12 months

. . Receivables due from subsid. comp.

293.024.000

16.010.000

14.671.000

. . . . Within 12 months

293.024.000

16.010.000

14.671.000

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

875.497.000

678.736.000

600.607.000

. . . . Within 12 months

875.497.000

678.736.000

600.607.000

. . . . Beyond 12 months

. . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Fiscal Receivables

21.939.000

20.489.000

10.107.000

. . . . Within 12 months

21.939.000

20.489.000

10.107.000

. . . . Beyond 12 months

. . Receivables for anticipated taxes

37.222.000

415.000

. . . . Within 12 months

. . . . Beyond 12 months

37.222.000

415.000

. . Receivables due from third parties

37.498.000

51.178.000

36.882.000

. . . . Within 12 months

37.498.000

51.178.000

36.882.000

. . . . Beyond 12 months

. Total Credits not held as fixed assets

1.779.132.000

1.227.135.000

1.112.901.000

. 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

109.000

3.901.000

. Total Financial Assets

109.000

3.901.000

. LIQUID FUNDS

. . Bank and post office deposits

16.360.000

17.379.000

29.946.000

. . Checks

. . Banknotes and coins

. Total Liquid funds

16.360.000

17.379.000

29.946.000

Total current assets

3.983.182.000

3.415.942.000

3.336.023.000

ADJUSTMENT ACCOUNTS

. Discount on loans

. Other adjustment accounts

10.909.000

11.408.000

7.980.000

Total adjustments accounts

10.909.000

11.408.000

7.980.000

TOTAL ASSETS

6.604.263.000

4.913.834.000

4.618.339.000

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

702.537.000

702.537.000

702.537.000

. Additional paid-in capital

. Revaluation reserves

. Legal reserve

72.237.000

67.110.000

58.567.000

. Reserve for Own shares

. Statute reserves

. Other reserves

431.179.000

4.121.000

3.136.000

. Accumulated Profits (Losses)

766.685.000

487.323.000

410.708.000

. Profit( loss) of the year

246.021.000

102.542.000

170.867.000

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

2.218.659.000

1.363.633.000

1.345.815.000

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

. . Taxation fund, also differed

499.000

544.000

7.727.000

. . Other funds

372.192.000

238.706.000

218.068.000

Total Reserves for Risks and Charges

372.691.000

239.250.000

225.795.000

Employee termination indemnities

65.735.000

64.326.000

70.932.000

ACCOUNTS PAYABLE

. . . . Within 12 months

3.543.418.000

3.024.524.000

2.711.275.000

. . . . Beyond 12 months

356.788.000

173.720.000

222.209.000

. . 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

20.557.000

11.760.000

14.038.000

. . . . Within 12 months

4.788.000

2.522.000

2.424.000

. . . . Beyond 12 months

15.769.000

9.238.000

11.614.000

. . Advances from customers

877.240.000

1.046.456.000

1.223.759.000

. . . . Within 12 months

877.240.000

1.046.456.000

1.223.759.000

. . . . Beyond 12 months

. . Trade payables

473.288.000

535.225.000

541.097.000

. . . . Within 12 months

473.288.000

535.225.000

541.097.000

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to associated companies

681.609.000

427.864.000

423.010.000

. . . . Within 12 months

681.609.000

427.864.000

423.010.000

. . . . Beyond 12 months

. . Due to holding companies

1.313.769.000

706.111.000

291.314.000

. . . . Within 12 months

1.143.939.000

640.044.000

221.815.000

. . . . Beyond 12 months

169.830.000

66.067.000

69.499.000

. . Due to the tax authorities

12.111.000

9.154.000

14.411.000

. . . . Within 12 months

12.111.000

9.154.000

14.411.000

. . . . Beyond 12 months

. . Due to social security and welfare inst.

34.646.000

32.816.000

30.841.000

. . . . Within 12 months

34.646.000

32.816.000

30.841.000

. . . . Beyond 12 months

. . Other payables

486.986.000

428.858.000

395.014.000

. . . . Within 12 months

315.797.000

330.443.000

253.918.000

. . . . Beyond 12 months

171.189.000

98.415.000

141.096.000

Total accounts payable

3.900.206.000

3.198.244.000

2.933.484.000

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

46.972.000

48.381.000

42.313.000

Total adjustment accounts

46.972.000

48.381.000

42.313.000

TOTAL LIABILITIES

6.604.263.000

4.913.834.000

4.618.339.000

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

Risk accounts

Civil and fiscal norms relation

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

2.927.838.000

2.705.604.000

2.297.025.000

. Changes in work in progress

-1.180.000

56.133.000

86.095.000

. Changes in semi-manufact. products

-183.817.000

-56.246.000

352.690.000

. Capitalization of internal work

79.520.000

85.468.000

64.522.000

. Other income and revenues

36.004.000

68.221.000

77.104.000

. . Contributions for operating expenses

978.000

17.830.000

45.269.000

. . Different income and revenues

35.026.000

50.391.000

31.835.000

Total value of production

2.858.365.000

2.859.180.000

2.877.436.000

PRODUCTION COSTS

. Raw material,other materials and consum.

1.366.261.000

1.341.608.000

1.199.594.000

. Services received

705.219.000

806.449.000

827.713.000

. Leases and rentals

18.217.000

21.020.000

19.785.000

. Payroll and related costs

382.803.000

405.079.000

367.316.000

. . Wages and salaries

276.308.000

276.057.000

267.154.000

. . Social security contributions

84.069.000

81.269.000

77.905.000

. . Employee termination indemnities

. . Pension and similar

. . Other costs

22.426.000

47.753.000

22.257.000

. Amortization and depreciation

70.863.000

105.468.000

101.556.000

. . Amortization of intangible fixed assets

33.739.000

67.684.000

60.247.000

. . Amortization of tangible fixed assets

34.875.000

36.130.000

36.413.000

. . Depreciation of tangible fixed assets

380.000

2.724.000

. . Writedown of current receiv.and of liquid

2.249.000

1.274.000

2.172.000

. Changes in raw materials

-24.138.000

-76.134.000

-38.585.000

. Provisions to risk reserves

96.443.000

83.715.000

137.120.000

. Other provisions

. Other operating costs

26.493.000

37.789.000

37.898.000

Total production costs

2.642.161.000

2.724.994.000

2.652.397.000

Diff. between value and cost of product.

216.204.000

134.186.000

225.039.000

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

115.352.000

14.000

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

11.816.000

2.473.000

2.830.000

. . 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

. . . - Subsidiary companies

. . . - Associated companies

. . . - Holding companies

. . . - Other companies

. Interest and other financial expense

-57.603.000

-26.126.000

-18.684.000

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

Total financial income and expense

69.565.000

-23.653.000

-15.840.000

ADJUSTMENTS TO FINANCIAL ASSETS

. Revaluations

. . Of equity investments

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

. . Of securities incl.among current assets

. Devaluation

. . Of equity investments

. . Of financial fixed assets (no equity inv)

. . Of securities included among current ass

Total adjustments to financial assets

EXTRAORDINARY INCOME AND EXPENSE

. Extraordinary income

20.053.000

75.548.000

27.637.000

. . Gains on disposals

. . Other extraordinary income

20.053.000

75.548.000

27.637.000

. Extraordinary expense

-4.259.000

. . Losses on disposals

. . Taxes relating to prior years

-4.259.000

. . Other extraordinary expense

Total extraordinary income and expense

20.053.000

71.289.000

27.637.000

Results before income taxes

305.822.000

181.822.000

236.836.000

. Taxes on current income

59.801.000

79.280.000

65.969.000

. . current taxes

97.566.000

74.350.000

81.498.000

. . differed taxes(anticip.)

-37.765.000

4.930.000

-15.529.000

. Net income for the period

246.021.000

102.542.000

170.867.000

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

246.021.000

102.542.000

170.867.000

 

 

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

0,40

0,30

0,28

0,27

Elasticity Ratio

Units

0,60

0,70

0,72

0,71

Availability of stock

Units

0,33

0,44

0,47

0,21

Total Liquidity Ratio

Units

0,27

0,25

0,25

0,43

Quick Ratio

Units

0,00

0,00

0,01

0,01

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

1,59

2,21

1,99

3,84

Self Financing Ratio

Units

0,34

0,28

0,29

0,18

Capital protection Ratio

Units

0,57

0,41

0,35

0,57

Liabilities consolidation quotient

Units

0,12

0,08

0,11

0,17

Financing

Units

1,76

2,35

2,18

5,65

Permanent Indebtedness Ratio

Units

0,40

0,33

0,35

0,25

M/L term Debts Ratio

Units

0,06

0,05

0,06

0,07

Net Financial Indebtedness Ratio

Units

0,00

0,00

0,00

0,66

CORRELATION

Fixed assets ratio

Units

1,01

1,08

1,29

1,43

Current ratio

Units

1,12

1,13

1,23

0,95

Acid Test Ratio-Liquidity Ratio

Units

0,51

0,41

0,42

0,53

Structure's primary quotient

Units

0,85

0,92

1,06

0,97

Treasury's primary quotient

Units

0,00

0,01

0,01

0,03

Rate of indebtedness ( Leverage )

%

297,67

360,35

343,16

620,16

Current Capital ( net )

Value

439.764.000

391.418.000

624.748.000

82.657

RETURN

Return on Sales

%

10,82

7,69

11,86

4,08

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

%

11,09

7,52

12,70

2,68

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

%

13,78

13,33

17,60

10,84

Return on Investment ( R.O.I. )

%

3,27

2,73

4,87

3,04

Return/ Sales

%

7,38

4,96

9,80

3,65

Extra Management revenues/charges incid.

%

113,79

76,42

75,93

22,85

Cash Flow

Value

316.884.000

208.010.000

272.423.000

105.513

Operating Profit

Value

216.204.000

134.186.000

225.039.000

149.549

Gross Operating Margin

Value

383.510.000

323.369.000

463.715.000

275.325

MANAGEMENT

Credits to clients average term

Days

63,19

61,25

70,63

78,79

Debts to suppliers average term

Days

425,29

277,04

220,78

131,05

Average stock waiting period

Days

268,99

288,91

343,11

96,76

Rate of capital employed return ( Turnover )

Units

0,44

0,55

0,50

0,67

Rate of stock return

Units

1,34

1,25

1,05

2,64

Labour cost incidence

%

13,07

14,97

15,99

18,80

Net financial revenues/ charges incidence

%

2,38

-0,87

-0,69

-1,50

Labour cost on purchasing expenses

%

14,49

14,87

13,85

15,00

Short-term financing charges

%

1,48

0,82

0,64

2,11

Capital on hand

%

225,57

181,62

201,06

143,31

Sales pro employee

Value

494.734

454.952

394.542

178.661

Labour cost pro employee

Value

64.684

68.114

63.091

29.450

 

 

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

:

3.807.992

Population living in the region

:

5.269.972

Number of families in the region

:

2.091.220

 

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

 

- per food products

:

472

- per non food products

:

1.832

- per energy consume

:

102

 

 

Sector Data

 

The values are calculated on a base of 51 significant companies.

 

The companies cash their credits on an average of 79 dd.

The average duration of suppliers debts is about 131 dd.

The sector's profitability is on an average of 4,08%.

The labour cost affects the turnover in the measure of 18,80%.

Goods are held in stock in a range of 97 dd.

The difference between the sales volume and the resources used to realize it is about 0,67.

The employees costs represent the 15,00% of the production costs.

 

 

Statistical Detrimental Data

 

Statistcally the trade activity shows periods of crisis.

The area is statistically considered moderately risky.

In the region 53.924 protested subjects are found; in the province they count to 34.465.

The insolvency index for the region is 1,04, , while for the province it is 0,92.

Total Bankrupt companies in the province : 31.914.

Total Bankrupt companies in the region : 37.442.

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.30

UK Pound

1

Rs.98.71

Euro

1

Rs.72.33

EUR

1

Rs.72.44

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

HNA

 

 

Report Prepared by :

ANK

 


 

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.