MIRA INFORM REPORT

 

 

Report No. :

308268

Report Date :

16.02.2015

 

IDENTIFICATION DETAILS

 

Name :

FACCIN S.R.L.

 

 

Registered Office :

Via Dell'industria, 19

25010- Visano (BS)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

06.05.1977

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

Subject is manufacture of metal forming machinery

 

 

No. of Employee :

from 111 to 130

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No complaints

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Italy

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

ITALY - ECONOMIC OVERVIEW

 

Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is higher. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, topping 133% of GDP in 2013, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2013 economic growth and labor market conditions deteriorated, with growth at -1.8% and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007 pre-crisis level.

 

Source : CIA

 

Company name and address

 

FACCIN S.R.L.

 

 

Via Dell'industria, 19

25010- Visano (BS) -IT-

 

 

Summary

 

Fiscal Code

:

00897820171

Legal Form

:

Limited liability company

start of Activities

:

06/05/1977

Equity

:

Over 2.582.254

Turnover Range

:

25.000.000/35.000.000

Number of Employees

:

from 111 to 130

 

 

Activity

 

Manufacture of metal forming machinery

 

Legal Data

 

Legal Form : Limited liability company

Register of Handcraft firms : 67588

 

Register of Handcraft firms : 67588 of Brescia

 

Fiscal Code : 00897820171

 

Foreign Trade Reg. no. : BS003449 since 06/12/1991

 

Foreign Trade Reg. no. : 003449 of Brescia since 06/12/1991

 

Chamber of Commerce no. : 217020 of Brescia since 23/05/1977

 

Firms' Register : BS029-13613 of Brescia since 19/02/1996

 

V.A.T. Code : 00586330987

 

Tribunal Co. Register : 13613 of

 

Foundation date

: 06/05/1977

Establishment date

: 06/05/1977

Start of Activities

: 06/05/1977

Legal duration

: 31/12/2050

Nominal Capital

: 500.000

Subscribed Capital

: 500.000

Paid up Capital

: 500.000

 

Members

 

Faccin

Walter

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Born in Malo

(VI)

on 12/07/1936

- Fiscal Code : FCCWTR36L12E864E

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Residence:

Fratelli Bandiera

, 8

- 25015

Desenzano del Garda

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Chairman

01/03/1989

Managing Director

01/03/1989

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

No Prejudicial events are reported

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

No Protests registered

 

Lorenzato

Maria Teresa

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Born in Costabissara

(VI)

on 14/08/1944

- Fiscal Code : LRNMTR44M54D107T

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Residence:

Fratelli Bandiera

, 8

- 25015

Desenzano del Garda

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Managing Director

11/02/1992

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

No Prejudicial events are reported

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

No Protests registered

 

Faccin

Nicola

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Born in Vicenza

(VI)

on 23/03/1968

- Fiscal Code : FCCNCL68C23L840R

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Residence:

G. Marconi

, 51

- 25010

Visano

(BS)

- IT -

 

Position

Since

Shares Amount

% Ownership

Managing Director

19/05/1992

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

No Prejudicial events are reported

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

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.

 

Faccin

Walter

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Biko Societa' A Responsabilita' Limitata

Desenzano del Garda (BS) - IT -

01692740986

Director

Active

Registered

Biko Societa' A Responsabilita' Limitata

Desenzano del Garda (BS) - IT -

01692740986

Sole Director

Withdrawn

Registered

Biko Societa' A Responsabilita' Limitata

Desenzano del Garda (BS) - IT -

01692740986

Managing Director

Active

Registered

Biko Societa' A Responsabilita' Limitata

Desenzano del Garda (BS) - IT -

01692740986

Board Chairman

Active

Registered

FACCIN LAVORAZIONE MECCANICA

Visano (BS) - IT -

Proprietor

Withdrawn

Registered

FOUNDRY METAL S.R.L.

Visano (BS) - IT -

01518970171

Sole Director

Withdrawn

Registered

Extra S.r.l.

Visano (BS) - IT -

02583330986

Director

Active

Registered

Extra S.r.l.

Visano (BS) - IT -

02583330986

Managing Director

Active

Registered

Extra S.r.l.

Visano (BS) - IT -

02583330986

Board Chairman

Active

Registered

Boldrini Societa' A Responsabilita' Limitata O, In Forma Abbrevia Ta, Boldrini S

Milano (MI) - IT -

07192510969

Director

Active

Registered

Boldrini Societa' A Responsabilita' Limitata O, In Forma Abbrevia Ta, Boldrini S

Milano (MI) - IT -

07192510969

Managing Director

Active

Registered

Boldrini Societa' A Responsabilita' Limitata O, In Forma Abbrevia Ta, Boldrini S

Milano (MI) - IT -

07192510969

Board Chairman

Active

Registered

 

Lorenzato

Maria Teresa

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Biko Societa' A Responsabilita' Limitata

Desenzano del Garda (BS) - IT -

01692740986

Director

Active

Registered

Boldrini Societa' A Responsabilita' Limitata O, In Forma Abbrevia Ta, Boldrini S

Milano (MI) - IT -

07192510969

Director

Active

Registered

Boldrini Societa' A Responsabilita' Limitata O, In Forma Abbrevia Ta, Boldrini S

Milano (MI) - IT -

07192510969

Managing Director

Active

Registered

 

Faccin

Nicola

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Biko Societa' A Responsabilita' Limitata

Desenzano del Garda (BS) - IT -

01692740986

Director

Active

Registered

Extra S.r.l.

Visano (BS) - IT -

02583330986

Director

Active

Registered

Boldrini Societa' A Responsabilita' Limitata O, In Forma Abbrevia Ta, Boldrini S

Milano (MI) - IT -

07192510969

Director

Active

Registered

Boldrini Societa' A Responsabilita' Limitata O, In Forma Abbrevia Ta, Boldrini S

Milano (MI) - IT -

07192510969

Managing Director

Active

Registered

 

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

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

 

Capital Shareholders

 

Shareholders' list as at date of data collection:

 

Firm's Style / Name

Seat / Residence

Fiscal Code

Owned Shares

% Ownership

Faccin Walter

Desenzano del Garda - IT -

FCCWTR36L12E864E

245.000 .Eur

49,00

Lorenzato Maria Teresa

Desenzano del Garda - IT -

LRNMTR44M54D107T

50.000 .Eur

10,00

Faccin Nicola

Visano - IT -

FCCNCL68C23L840R

77.500 .Eur

15,50

Faccin Timothi

Montichiari - IT -

FCCTTH73T12F471R

77.500 .Eur

15,50

FACCIN BARBARA

Visano - IT -

FCCBBR70D61L840Z

25.000 .Eur

5,00

FACCIN FRANCESCA

Visano - IT -

FCCFNC79H62A470O

25.000 .Eur

5,00

 

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

Biko Societa' A Responsabilita' Limitata

Desenzano del Garda - IT -

01692740986

2.600 .Eur

10,00

Active

Boldrini Societa' A Responsabilita' Limi tata O, In Forma Abbrevia Ta, Boldrini S

Milano - IT -

07192510969

95.000 .Eur

95,00

Active

 

Firm's location and structure

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

 

-

Legal and operative seat

 

Dell'industria.

, 19

- 25010

- Visano

(BS)

- IT -

 

PHONE

: 0309529777

 

FAX

: 0309958771

 

-

Branch

(Factory)

since 01/03/2010

 

Don Zanetti

, 1

- 25010

- Visano

(BS)

- IT -

 

Employees

: 122

 

Assistants

: 4

 

Fittings and Equipment for a value of 1.250.000

Eur

 

Stocks for a value of 7.540.000

Eur

 

Vehicles for a value of 62.000

Eur

 

The firm operates abroad as exporter..

Export represents more than 50% of the global turnover.

Products abroad are placed by :

- importers

 

- trading companies

 

- its own agents

 

- direct orders from foreign companies

 

Export is mainly towards:

- Italy

 

- Great Britain

 

- Gabon

 

 

Historical Information and/or Firm's Status

 

CHANGES TO THE LEGAL FORM:

 

Former legal form

New legal form

Changement Date

General partnership

Limited liability company

22/07/1988

 

COMPANY STYLE MODIFICATIONS:

 

Former Style

New Style

Changement Date

F.W. di Faccin Walter e C. S.n.c.

22/07/1988

 

EX-MEMBERS / EX-POSITIONS:

 

Faccin

Walter

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Born in Malo

(VI)

on 12/07/1936

- Fiscal Code : FCCWTR36L12E864E

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Residence:

Fratelli Bandiera

, 8

- 25015

Desenzano del Garda

(BS)

- IT -

 

Ex-Postions

Chairman and Managing Director

 

 

Capra

Ferruccio

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Born in Montichiari

(BS)

on 04/02/1950

- Fiscal Code : CPRFRC50B04F471I

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Residence:

Cornelio Trav. I

, 12

- 25018

Montichiari

(BS)

- IT -

 

Ex-Postions

Permanent Auditor

 

Faccin

Timothi

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Born in Montichiari

(BS)

on 12/12/1973

- Fiscal Code : FCCTTH73T12F471R

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Residence:

G. Marconi

, 3

- 25018

Montichiari

(BS)

- IT -

 

Ex-Postions

Managing Director

 

Leone

Fabio

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Born in Chiari

(BS)

on 02/08/1963

- Fiscal Code : LNEFBA63M02C618F

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Residence:

Brescia

, 17/B

- 25032

Chiari

(BS)

- IT -

 

Ex-Postions

Temporary Auditor

 

Galdi

Stefano

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Born in Napoli

(NA)

on 02/12/1966

- Fiscal Code : GLDSFN66T02F839J

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Residence:

Della Disciplina

, 8

- 25121

Brescia

(BS)

- IT -

 

Ex-Postions

Permanent Auditor

 

Menni

Aurelio

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Born in Milano

(MI)

on 02/11/1948

- Fiscal Code : MNNRLA48S02F205Z

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Residence:

Bulloni

, 12

- 25100

Brescia

(BS)

- IT -

 

Ex-Postions

Chairman of the Board of Aud.

 

Soldo

Angelo

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Born in Brescia

(BS)

on 17/01/1944

- Fiscal Code : SLDNGL44A17B157U

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Residence:

Romanino

, 1

- 25100

Brescia

(BS)

- IT -

 

Ex-Postions

Temporary Auditor

 

CEASINGS/INCORPORATIONS/MERGES:

 

Splitting-up project and setting-up of new co

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Date

Merging/Splitting-up Project-New Company:

08/06/2004

 

Splitting-up and setting-up of a new company

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gifEXTRA S.R.L.

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

, Visano

- IT -

 

Description: \\vivek\Foreign Report Raw2\Faccin_files\Vuoto.gif

Date

Splitting-up:

02/12/2004

 


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 1977.

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

During the last years, it achieved profits (r.o.e. 20,97% on 2013) keeping the turnover steady during the last two years.

The operating result in 2013 was positive (11,1%) and in line with the sector's average.

An operating result of Eur. 3.979.875 has been registered. with a 40,12% growth.

A gross operating margine for a value of Eur. 7.396.430 was reached. with a 55,44% increase as opposed to the preceding year.

The analysis shows a fair financial position as the indebtedness volume is acceptable (1,7) and falling as against the previous year (2,28).

The equity capital is equal to Eur. 6.417.559 , stable in comparison with the value of the previous year.

Total debts recorded amounted to Eur. 20.050.396 (Eur. 14.089 of which were m/l term debts) showing a stable trend as opposed to 2012 (Eur. 21.244.938).

The company does not exceed in bank credits; payments average period is instead slightly high (147,89 gg.) however still within the sector's average.

Liquidity is good (1,66)

On average trade credits are collected in 32,17 days. , a value lower than the sector's average.

2013 financial year closed with a cash flow of Eur. 2.262.227

Labour cost amounts to Eur. 3.911.028, with a 13,09% incidence on production costs. , whereas the incidence of such costs on sales revenues is equal to 11,48%.

Finacial chareges are high: the incidence on sales volume amounts to -1,74%

 


Financial Data

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

34.057.518

Profit (Loss) for the period

1.345.672

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

32.054.455

Profit (Loss) for the period

1.324.992

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

28.594.568

Profit (Loss) for the period

1.550.865

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

28.294.965

Profit (Loss) for the period

1.845.874

 

Complete balance-sheet for the year

al 31/12/2009

(in Eur

x 1)

 

Item Type

Value

Sales

35.636.906

Profit (Loss) for the period

1.850.880




Balance Sheets

 

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

 

- Balance Sheet as at 31/12/2013 - 12 Mesi - Currency: - Amounts x 1

 

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

 

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

 

Years

2013

2012

2011

 

BALANCE SHEET ACCOUNTS

 

ASSETS

CREDITS VS PARTNERS

. Deposits not yet withdrawn

. Deposits already withdrawn

Total credits vs partners

FIXED ASSETS

. INTANGIBLE FIXED ASSETS

. . Start-up and expansion expenses

. . Research,develop. and advert.expens.

. . Industrial patent rights

16.465

17.855

3.187

. . Concessions,licenses,trademarks,etc.

1.479

1.593

1.706

. . Goodwill

. . Assets in formation and advance paymen.

. . Other intangible fixed assets

253.597

271.234

152.908

. Total Intangible Fixed Assets

271.541

290.682

157.801

. TANGIBLE FIXED ASSETS

. . Real estate

. . Plant and machinery

1.118.037

941.229

909.364

. . Industrial and commercial equipment

134.939

109.389

118.808

. . Other assets

239.283

242.540

195.591

. . Assets under construction and advances

4.480

63.980

. Total Tangible fixed assets

1.496.739

1.357.138

1.223.763

. FINANCIAL FIXED ASSETS

. . Equity investments

169.508

169.508

169.508

. . . Equity invest. in subsidiary companies

166.926

166.926

166.926

. . . Equity invest. in associated companies

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

2.582

2.582

2.582

. . Financial receivables

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivab due from subsidiaries

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from assoc.comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from third parties

. . . . Within 12 months

. . . . Beyond 12 months

. . Other securities

. . Own shares

. . . Total nominal value

. Total financial fixed assets

169.508

169.508

169.508

Total fixed assets

1.937.788

1.817.328

1.551.072

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

2.040.983

2.439.184

3.154.507

. . Work in progress and semimanufactured

937.497

1.427.476

1.787.271

. . Work in progress on order

. . Finished goods

4.559.709

4.407.456

3.250.450

. . Advance payments

. Total Inventories

7.538.189

8.274.116

8.192.228

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

15.960.918

16.903.040

6.240.127

. . Beyond 12 months

705.184

520.500

5.342.428

. . Trade receivables

3.043.331

5.476.700

4.737.637

. . . . Within 12 months

3.043.331

5.476.700

4.615.709

. . . . Beyond 12 months

121.928

. . Receivables due from subsid. comp.

11.567.922

10.013.548

5.310.490

. . . . Within 12 months

11.567.922

10.013.548

610.490

. . . . Beyond 12 months

4.700.000

. . Receivables due from assoc. comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Fiscal Receivables

1.103.765

1.046.908

841.510

. . . . Within 12 months

919.081

1.046.908

841.510

. . . . Beyond 12 months

184.684

. . Receivables for anticipated taxes

850.153

689.620

646.767

. . . . Within 12 months

329.653

169.120

126.267

. . . . Beyond 12 months

520.500

520.500

520.500

. . Receivables due from third parties

100.931

196.764

46.151

. . . . Within 12 months

100.931

196.764

46.151

. . . . Beyond 12 months

. Total Credits not held as fixed assets

16.666.102

17.423.540

11.582.555

. FINANCIAL ASSETS

. . Equity invest. in subsidiary comp.

. . Equity invest. in associated companies

. . Equity invest. in holding companies

. . Other equity investments

. . Own shares

. . . Total nominale value

. . Other securities

. Total Financial Assets

. LIQUID FUNDS

. . Bank and post office deposits

9.114.215

6.225.991

4.841.222

. . Checks

. . Banknotes and coins

12.127

8.982

9.564

. Total Liquid funds

9.126.342

6.234.973

4.850.786

Total current assets

33.330.633

31.932.629

24.625.569

ADJUSTMENT ACCOUNTS

. Discount on loans

591.168

979.697

. Other adjustment accounts

763.257

Total adjustments accounts

591.168

979.697

763.257

TOTAL ASSETS

35.859.589

34.729.654

26.939.898

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

500.000

500.000

500.000

. Additional paid-in capital

. Revaluation reserves

. Legal reserve

100.000

100.000

100.000

. Reserve for Own shares

. Statute reserves

. Other reserves

4.471.887

4.646.895

3.017.406

. Accumulated Profits (Losses)

. Profit( loss) of the year

1.345.672

1.324.992

1.550.865

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

6.417.559

6.571.887

5.168.271

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

. . Taxation fund, also differed

. . Other funds

9.000.000

6.500.000

5.000.000

Total Reserves for Risks and Charges

9.000.000

6.500.000

5.000.000

Employee termination indemnities

298.088

294.224

311.326

ACCOUNTS PAYABLE

. . . . Within 12 months

20.036.307

21.244.938

16.330.848

. . . . Beyond 12 months

14.089

. . 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

878.841

. . . . Within 12 months

864.752

. . . . Beyond 12 months

14.089

. . Due to other providers of finance

. . . . Within 12 months

. . . . Beyond 12 months

. . Advances from customers

2.851.469

2.713.396

3.089.572

. . . . Within 12 months

2.851.469

2.713.396

3.089.572

. . . . Beyond 12 months

. . Trade payables

6.278.615

7.363.529

6.726.488

. . . . Within 12 months

6.278.615

7.363.529

6.726.488

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

2.808.159

52.777

305.329

. . . . Within 12 months

2.808.159

52.777

305.329

. . . . Beyond 12 months

. . Due to associated companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to holding companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to the tax authorities

1.064.994

728.319

875.164

. . . . Within 12 months

1.064.994

728.319

875.164

. . . . Beyond 12 months

. . Due to social security and welfare inst.

256.856

398.623

220.122

. . . . Within 12 months

256.856

398.623

220.122

. . . . Beyond 12 months

. . Other payables

5.911.462

9.988.294

5.114.173

. . . . Within 12 months

5.911.462

9.988.294

5.114.173

. . . . Beyond 12 months

Total accounts payable

20.050.396

21.244.938

16.330.848

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

93.546

118.605

129.453

Total adjustment accounts

93.546

118.605

129.453

TOTAL LIABILITIES

35.859.589

34.729.654

26.939.898

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

-160.590

-408.866

Risk accounts

-1.247.830

-2.081.669

Civil and fiscal norms relation

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

34.057.518

32.054.453

28.594.568

. Changes in work in progress

-337.726

797.211

1.402.316

. Changes in semi-manufact. products

. Capitalization of internal work

. Other income and revenues

142.695

133.283

149.242

. . Contributions for operating expenses

88.576

95.284

. . Different income and revenues

54.119

37.999

149.242

Total value of production

33.862.487

32.984.947

30.146.126

PRODUCTION COSTS

. Raw material,other materials and consum.

12.423.262

13.757.487

13.250.263

. Services received

7.211.695

. Leases and rentals

9.696.207

9.408.093

1.063.131

. Payroll and related costs

3.911.028

4.307.241

3.549.199

. . Wages and salaries

2.756.491

3.076.646

2.521.716

. . Social security contributions

946.195

1.004.670

832.532

. . Employee termination indemnities

208.342

225.925

194.951

. . Pension and similar

. . Other costs

. Amortization and depreciation

916.555

418.088

814.955

. . Amortization of intangible fixed assets

111.664

130.593

108.975

. . Amortization of tangible fixed assets

259.891

246.495

191.480

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

545.000

41.000

514.500

. Changes in raw materials

398.201

715.323

248.029

. Provisions to risk reserves

. Other provisions

2.500.000

1.500.000

1.000.000

. Other operating costs

37.359

38.505

131.280

Total production costs

29.882.612

30.144.737

27.268.552

Diff. between value and cost of product.

3.979.875

2.840.210

2.877.574

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

85.381

89.672

122.151

. . 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

85.381

89.672

. . . - Subsidiary companies

7.310

31.105

. . . - Associated companies

. . . - Holding companies

. . . - Other companies

78.071

58.567

. Interest and other financial expense

-678.988

-268.541

-29.279

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

678.988

268.541

Total financial income and expense

-593.607

-178.869

92.872

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

13.671

213.167

23.253

. . Gains on disposals

. . Other extraordinary income

13.671

213.167

23.253

. Extraordinary expense

-4.527

-85.572

-1.117

. . Losses on disposals

. . Taxes relating to prior years

. . Other extraordinary expense

-4.527

-85.572

-1.117

Total extraordinary income and expense

9.144

127.595

22.136

Results before income taxes

3.395.412

2.788.936

2.992.582

. Taxes on current income

2.049.740

1.463.944

1.441.717

. . current taxes

2.210.273

1.506.797

1.536.223

. . differed taxes(anticip.)

-160.533

-42.853

-94.506

. Net income for the period

1.345.672

1.324.992

1.550.865

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

1.345.672

1.324.992

1.550.865

 

 

RATIOS

Value Type

as at 31/12/2013

as at 31/12/2012

as at 31/12/2011

Sector Average

COMPOSITION ON INVESTMENT

Rigidity Ratio

Units

0,05

0,05

0,06

0,17

Elasticity Ratio

Units

0,93

0,92

0,91

0,80

Availability of stock

Units

0,21

0,24

0,30

0,27

Total Liquidity Ratio

Units

0,72

0,68

0,61

0,50

Quick Ratio

Units

0,25

0,18

0,18

0,03

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

1,70

2,28

2,22

3,14

Self Financing Ratio

Units

0,18

0,19

0,19

0,19

Capital protection Ratio

Units

0,71

0,72

0,60

0,68

Liabilities consolidation quotient

Units

0,02

0,01

0,02

0,18

Financing

Units

3,12

3,23

3,16

3,79

Permanent Indebtedness Ratio

Units

0,19

0,20

0,20

0,34

M/L term Debts Ratio

Units

0,01

0,01

0,01

0,09

Net Financial Indebtedness Ratio

Units

0,00

0,00

0,00

0,77

CORRELATION

Fixed assets ratio

Units

3,47

3,78

3,53

1,75

Current ratio

Units

1,66

1,50

1,51

1,23

Acid Test Ratio-Liquidity Ratio

Units

1,29

1,11

1,01

0,78

Structure's primary quotient

Units

3,31

3,62

3,33

1,04

Treasury's primary quotient

Units

0,46

0,29

0,30

0,05

Rate of indebtedness ( Leverage )

%

558,77

528,46

521,26

518,96

Current Capital ( net )

Value

13.294.326

10.687.691

8.294.721

406.983

RETURN

Return on Sales

%

6,64

5,44

8,27

3,69

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

%

20,97

20,16

30,01

5,16

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

%

52,91

42,44

57,90

17,72

Return on Investment ( R.O.I. )

%

11,10

8,18

10,68

3,94

Return/ Sales

%

11,69

8,86

10,06

4,48

Extra Management revenues/charges incid.

%

33,81

46,65

53,89

26,52

Cash Flow

Value

2.262.227

1.743.080

2.365.820

142.024

Operating Profit

Value

3.979.875

2.840.210

2.877.574

126.602

Gross Operating Margin

Value

7.396.430

4.758.298

4.692.529

241.461

MANAGEMENT

Credits to clients average term

Days

32,17

61,51

59,65

116,01

Debts to suppliers average term

Days

147,89

115,25

117,60

127,79

Average stock waiting period

Days

79,68

92,93

103,14

96,89

Rate of capital employed return ( Turnover )

Units

0,95

0,92

1,06

1,03

Rate of stock return

Units

4,52

3,87

3,49

3,58

Labour cost incidence

%

11,48

13,44

12,41

21,20

Net financial revenues/ charges incidence

%

-1,74

-0,56

0,32

-1,00

Labour cost on purchasing expenses

%

13,09

14,29

13,02

20,95

Short-term financing charges

%

3,39

1,26

0,18

2,70

Capital on hand

%

105,29

108,35

94,21

96,90

Sales pro employee

Value

279.159

239.212

361.956

191.520

Labour cost pro employee

Value

32.057

32.143

44.926

39.641

 

 

 

 

 

 

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

:

Description: \\vivek\Foreign Report Raw2\Faccin_files\Spazio.gif1.169.259

Population living in the region

:

Description: \\vivek\Foreign Report Raw2\Faccin_files\Spazio.gif9.393.092

Number of families in the region

:

Description: \\vivek\Foreign Report Raw2\Faccin_files\Spazio.gif3.858.736

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

- per food products

:

Description: \\vivek\Foreign Report Raw2\Faccin_files\Spazio.gif460

- per non food products

:

Description: \\vivek\Foreign Report Raw2\Faccin_files\Spazio.gif2.090

- per energy consume

:

Description: \\vivek\Foreign Report Raw2\Faccin_files\Spazio.gif114

 

Sector Data

 

The values are calculated on a base of 45 significant companies.

The companies cash their credits on an average of 116 dd.

The average duration of suppliers debts is about 128 dd.

The sector's profitability is on an average of 3,69%.

The labour cost affects the turnover in the measure of 21,20%.

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 1,03.

The employees costs represent the 20,95% 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 50.886 protested subjects are found; in the province they count to 5.551.

The insolvency index for the region is 0,55, , while for the province it is 0,48.

Total Bankrupt companies in the province : 3.452.

Total Bankrupt companies in the region : 39.612.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.20

UK Pound

1

Rs.95.99

Euro

1

Rs.71.00

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

ASH

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

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

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.