MIRA INFORM REPORT

 

 

Report No. :

302285

Report Date :

08.01.2015

 

IDENTIFICATION DETAILS

 

Name :

CAREL INDUSTRIES S.P.A.

 

 

Registered Office :

Via Dell'industria, 11,

35020 – Brugine (PD)    

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

23.01.2009

 

 

Com. Reg. No.:

04359090281

 

 

Legal Form :

Joint Stock Company With Sole Shareholder

 

 

Line of Business :

·         Engaged in Designing, Manufacturing & Sales of Electronic Controllers, Humidifiers, Electrical Panels, Supervisory & Tele- Maintenance Systems.

·         Engaged in Assembly, Production & Testing of Electronic Cards & Products for Third Party

 

Subject product lines are as follows:

 

Programmable Controls

·         c.pCO sistema

·         pCO sistema

·         Programming Tools

·         Room Terminals

·         Unit Terminals

 

Air-conditioning parametric control

·         Sistema

 

Refrigeration Parametric Controls

·         Cella range

·         ir33+ Platform

·         Powersplit Series

·         easy series for display cabinets, showcase and refrigerated cabinets

·         Solutions for blast chillers and freezers

·         ir33 Series

·         Powercompact Series

·         MasterCella Series

 

 

No of Employees :

551

 

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 :

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Italy

a2

a2

 

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 & address

 

Carel Industries S.p.a.

 

Via Dell'industria, 11

 

35020 - Brugine (PD) -IT-

 

 

Summary

 

Fiscal Code

:

04359090281

Legal Form

:

Joint stock company with sole shareholder

start of Activities

:

16/04/2009

Equity

:

Over 2.582.254

Turnover Range

:

100.000.000/150.000.000

Number of Employees

:

551

Registration Number

 

04359090281

 

 

Activity

 

·         Engaged in Designing, Manufacturing & Sales of Electronic Controllers, Humidifiers, Electrical Panels, Supervisory & Tele- Maintenance Systems.

·         Engaged in Assembly, Production & Testing of Electronic Cards & Products for Third Party

 

Subject product lines are as follows:


Programmable Controls

·         c.pCO sistema

·         pCO sistema

·         Programming Tools

·         Room Terminals

·         Unit Terminals

 

Air-conditioning parametric control

·         Sistema

 

Refrigeration Parametric Controls

·         Cella range

·         ir33+ Platform

·         Powersplit Series

·         easy series for display cabinets, showcase and refrigerated cabinets

·         Solutions for blast chillers and freezers

·         ir33 Series

·         Powercompact Series

·         MasterCella Series

Legal Data

 

Legal Form : Joint stock company with sole shareholder

Fiscal Code : 04359090281

 

Chamber of Commerce no. : 383286 of Padova since 04/02/2009

 

V.A.T. Code : 04359090281

 

Establishment date

: 23/01/2009

Start of Activities

: 16/04/2009

Legal duration

: 31/12/2100

Nominal Capital

: 10.000.000

Subscribed Capital

: 10.000.000

Paid up Capital

: 10.000.000



Members

 


Volpato

Silvia

 

Born in Padova

(PD)

on 22/11/1966

- Fiscal Code : VLPSLV66S62G224D

 

Residence:

Dell'industria

, 11

- 35020

Brugine

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/03/2012

 

No Protests registered

 

Fabris

Pietro

 

Born in Padova

(PD)

on 05/09/1972

- Fiscal Code : FBRPTR72P05G224V

 

Residence:

Degli Alpini

, 3/5

- 35026

Conselve

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

08/10/2013

 

No Protests registered

 

Carel S.p.a.

 

 

Position

Since

Shares Amount

% Ownership

Partner

 

No Prejudicial events are reported

 

No Protests registered

 

Vanin

Carlo

 

Born in Camposampiero

(PD)

on 29/12/1969

- Fiscal Code : VNNCRL69T29B563W

 

Residence:

Dell'industria

, 11

- 35020

Brugine

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/03/2012

 

No Protests registered

 

Monni

Anna Lisa

 

Born in Oristano

(OR)

on 27/08/1958

- Fiscal Code : MNNNLS58M67G113G

 

Residence:

Dell'industria

, 11

- 35020

Brugine

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/03/2012

 

No Protests registered

 

Greggio

Alessandro

 

Born in Abano Terme

(PD)

on 23/10/1973

- Fiscal Code : GRGLSN73R23A001R

 

Residence:

Dell'industria

, 11

- 35020

Brugine

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/03/2012

 

No Protests registered

 

Martello

Michele

 

Born in Conselve

(PD)

on 29/09/1971

- Fiscal Code : MRTMHL71P29C964P

 

Residence:

Iv Novembre

, 27

- 35020

Brugine

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/03/2012

 

No Protests registered

 

Manfrin

Martino

 

Born in Piove di Sacco

(PD)

on 12/10/1969

- Fiscal Code : MNFMTN69R12G693C

 

Residence:

Dell'industria

, 11

- 35020

Brugine

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/03/2012

 

No Protests registered

 

Coccato

Nicola

 

Born in Piove di Sacco

(PD)

on 27/08/1967

- Fiscal Code : CCCNCL67M27G693H

 

Residence:

Dell'industria

, 11

- 35020

Brugine

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/03/2012

 

No Protests registered

 

Castello

Fabio

 

Born in Agna

(PD)

on 14/10/1963

- Fiscal Code : CSTFBA63R14A075V

 

Residence:

Dell'industria

, 11

- 35020

Brugine

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/03/2012

 

No Protests registered

 

Bianchi

Alberto

 

Born in Camposampiero

(PD)

on 06/03/1966

- Fiscal Code : BNCLRT66C06B563U

 

Residence:

Dell'industria

, 11

- 35020

Brugine

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/03/2012

 

No Protests registered

 

Bessega

Walter

 

Born in Sacile

(PN)

on 24/03/1969

- Fiscal Code : BSSWTR69C24H657L

 

Residence:

Dell'industria

, 11

- 35020

Brugine

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/03/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Manenti

Maurizio

 

Born in Venezia

(VE)

on 29/08/1949

- Fiscal Code : MNNMRZ49M29L736T

 

Residence:

G. Garibaldi

, 8

- 47853

Coriano

(RN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

14/05/2014



Lombello

Giandomenico

 

Born in Pontelongo

(PD)

on 15/09/1957

- Fiscal Code : LMBGDM57P15G850F

 

Residence:

Padana

, 103/A

- 35020

Sant'Angelo di Piove di Sacco

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

14/05/2014

Procurator

30/03/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Bianchini

Umberto

 

Born in Padova

(PD)

on 19/10/1954

- Fiscal Code : BNCMRT54R19G224W

 

Residence:

De' Menabuoi

, 7

- 35100

Padova

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/03/2012

Director

14/05/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Buia

Luca

 

Born in Torino

(TO)

on 07/10/1967

- Fiscal Code : BUILCU67R07L219E

 

Residence:

Caduti Di Nassirya

, 8

- 35028

Piove di Sacco

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

14/05/2014

Procurator

30/03/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Rossi Luciani

Luigi

 

Born in Piove di Sacco

(PD)

on 09/03/1945

- Fiscal Code : RSSLGU45C09G693F

 

Residence:

Peci

, 8

- 35028

Piove di Sacco

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

14/05/2014

Board Chairman

14/05/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Carel S.p.a.

 

 

Residence:

Marconi

, 23

- 35020

Brugine

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole partner

23/01/2009

 

No Prejudicial events are reported

 

No Protests registered

 

Viscovich

Giuseppe

 

Born in Padova

(PD)

on 01/07/1966

- Fiscal Code : VSCGPP66L01G224A

 

Residence:

Dei Giacinti

, 57/A

- 35126

Padova

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

08/10/2013

Director

14/05/2014

 

No Protests registered

 

Nalini

Francesco

 

Born in Roma

(RM)

on 25/06/1973

- Fiscal Code : NLNFNC73H25D773I

 

Residence:

Cappelli

, 9

- 35100

Padova

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

General Director

30/03/2012

Procurator

30/03/2012

Director

14/05/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Camuffo

Arnaldo

 

Born in Venezia

(VE)

on 20/10/1961

- Fiscal Code : CMFRLD61R20L736X

 

Residence:

Cannaregio

, 2921

- 30121

Venezia

(VE)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

14/05/2014



Marcellan

Marco

 

Born in Padova

(PD)

on 09/05/1958

- Fiscal Code : MRCMRC58E09G224F

 

Residence:

Dell'industria

, 11

- 35020

Brugine

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

30/03/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Nalini

Luigi

 

Born in Roma

(RM)

on 08/04/1946

- Fiscal Code : NLNLGU46D08H501C

 

Residence:

Della Pieve

, 6

- 35121

Padova

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Managing Director

14/05/2014

Director

14/05/2014

 

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.

 

Carel S.p.a.

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Eurotest Laboratori S.r.l.

Brugine (PD) - IT -

02246390286

Sole partner

Active

Registered

 

Rossi Luciani

Luigi

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Nastrificio Victor S.p.a.

Piove di Sacco (PD) - IT -

01280300284

Chairman

Withdrawn

Registered

Nastrificio Victor S.p.a.

Piove di Sacco (PD) - IT -

01280300284

Managing Director

Withdrawn

Registered

Nastrificio Victor S.p.a.

Piove di Sacco (PD) - IT -

01280300284

Director

Withdrawn

Registered

Nastrificio Victor S.p.a.

Piove di Sacco (PD) - IT -

01280300284

Sole Director

Active

Registered

Nastrificio Victor S.p.a.

Piove di Sacco (PD) - IT -

01280300284

Board Chairman

Withdrawn

Registered

Carel S.p.a.

Brugine (PD) - IT -

00351630280

Director

Active

Registered

Carel S.p.a.

Brugine (PD) - IT -

00351630280

Board Chairman

Active

Registered

Eurotest Laboratori S.r.l.

Brugine (PD) - IT -

02246390286

Director

Active

Registered

Eurotest Laboratori S.r.l.

Brugine (PD) - IT -

02246390286

Board Chairman

Active

Registered

Astrel S.r.l.

Mossa (GO) - IT -

00187070313

Director

Withdrawn

Registered

Astrel S.r.l.

Mossa (GO) - IT -

00187070313

Board Chairman

Withdrawn

Registered

Consorzio Bassa Padovana Insediamenti Produttivi

Piove di Sacco (PD) - IT -

01594040287

Director

Withdrawn

Ceased

Parco Scientifico E Tecnologico Galileo- Societa' Consortile Per Azioni

Padova (PD) - IT -

01404710285

Director

Withdrawn

Registered

Parco Scientifico E Tecnologico Galileo- Societa' Consortile Per Azioni

Padova (PD) - IT -

01404710285

Board Chairman

Withdrawn

Registered

Confindustria Veneto Siav S.p.a. In Sigla Siav S.p.a.

Venezia (VE) - IT -

01659800278

Board Chairman

Withdrawn

Registered

Veneto Banca Societa' Cooperativa Per Azioni

Montebelluna (TV) - IT -

00208740266

Director

Active

Registered

Vega - Parco Scientifico - Tecnologico Di Venezia S.c.a.r.l.

Venezia (VE) - IT -

02718360270

Managing Director

Withdrawn

Proposal for composition agreement

Vega - Parco Scientifico - Tecnologico Di Venezia S.c.a.r.l.

Venezia (VE) - IT -

02718360270

Director

Withdrawn

Proposal for composition agreement

Vega - Parco Scientifico - Tecnologico Di Venezia S.c.a.r.l.

Venezia (VE) - IT -

02718360270

Board Chairman

Withdrawn

Proposal for composition agreement

Jvp S.a.s. Di Marco Claudio Valerio E C.

Piove di Sacco (PD) - IT -

02405330289

Limited Partner

Active

Registered

Samos S.r.l.

Brugine (PD) - IT -

01930720287

Director

Withdrawn

Ceased

Samos S.r.l.

Brugine (PD) - IT -

01930720287

Board Chairman

Withdrawn

Ceased

Apelco - Carel - Applicazioni Elettroniche Complesse S.r.l. Con Sigla Apelco -

Brugine (PD) - IT -

01418070288

Director

Withdrawn

Ceased

Errennegi S.r.l.

Brugine (PD) - IT -

02680950280

Board Chairman

Withdrawn

Ceased

Nordest.fin S.r.l.

Thiene (VI) - IT -

02640270241

Director

Withdrawn

Ceased

Nordest.fin S.r.l.

Thiene (VI) - IT -

02640270241

Board Chairman

Withdrawn

Ceased

Carel Applico S.r.l.

Brugine (PD) - IT -

02721970248

Director

Active

Registered

Carel Applico S.r.l.

Brugine (PD) - IT -

02721970248

Board Chairman

Active

Registered

Azienda Padova Servizi S.p.a.

Padova (PD) - IT -

02643790286

Director

Withdrawn

Ceased

Fixing Srl

Brugine (PD) - IT -

03471430284

Director

Withdrawn

Ceased

Fixing Srl

Brugine (PD) - IT -

03471430284

Board Chairman

Withdrawn

Ceased

La Staffa S.n.c. Di Galvani Giancarlo EC.

Legnaro (PD) - IT -

00035430289

Partner

Withdrawn

Ceased

Carel Plast S.r.l. - In Liquidazione

Brugine (PD) - IT -

03637340286

Board Chairman

Withdrawn

Ceased

Nastrificio Victor Di Rossi Luciani Luigi

Piove di Sacco (PD) - IT -

RSSLGU45C09G693F

Proprietor

Withdrawn

Ceased

Riflesso S.a.s. Di Magagna Lara

Piove di Sacco (PD) - IT -

02408490288

Limited Partner

Withdrawn

Ceased

Rossi Luciani Luigi

Cinto Euganeo (PD) - IT -

RSSLGU45C09G693F

Proprietor

Withdrawn

Ceased

Sanpaolo Imi Internazionale S.p.a.

Padova (PD) - IT -

02226791206

Director

Withdrawn

Ceased

Sanpaolo Imi Internazionale S.p.a.

Padova (PD) - IT -

02226791206

Assistant board Chairman

Withdrawn

Ceased

4-noks S.r.l.

Gaiarine (TV) - IT -

03899650265

Director

Withdrawn

Registered

Il Treviso S.r.l. In Liquidazione

Roma (RM) - IT -

09772251006

Director

Withdrawn

Ceased

Il Verona S.r.l. In Liquidazione

Roma (RM) - IT -

09771171007

Director

Withdrawn

Ceased

Panther Srl

Bovolenta (PD) - IT -

04340280280

Director

Active

Registered

Panther Srl

Bovolenta (PD) - IT -

04340280280

Board Chairman

Active

Registered

Il Vicenza S.r.l. In Liquidazione

Roma (RM) - IT -

09771101004

Director

Withdrawn

Ceased

Il Padova S.r.l. In Liquidazione

Roma (RM) - IT -

09771311009

Director

Withdrawn

Ceased

Il Mestre S.r.l. In Liquidazione

Roma (RM) - IT -

09772371002

Director

Withdrawn

Ceased

Il Venezia S.r.l. In Liquidazione

Roma (RM) - IT -

09772311008

Director

Withdrawn

Ceased

CAREL FRANCE

ST PRIEST - FR -

414896498

Chairman

Active

Registered

CAREL FRANCE

ST PRIEST - FR -

414896498

Director

Active

Registered

Veneto Nanotech Societa' Consortile PerAzioni

Padova (PD) - IT -

03845260284

Managing Director

Withdrawn

Registered

Veneto Nanotech Societa' Consortile PerAzioni

Padova (PD) - IT -

03845260284

Director

Withdrawn

Registered

Veneto Nanotech Societa' Consortile PerAzioni

Padova (PD) - IT -

03845260284

Board Chairman

Withdrawn

Registered

4-nox S.r.l. In Liquidazione

Brugine (PD) - IT -

04805090281

Director

Withdrawn

Ceased

 

Nalini

Luigi

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Airco S.p.a.

San Giovanni Lupatoto (VR) - IT -

01501680233

Sole Director

Withdrawn

Ceased

Carel S.p.a.

Brugine (PD) - IT -

00351630280

Managing Director

Active

Registered

Carel S.p.a.

Brugine (PD) - IT -

00351630280

Director

Active

Registered

Carel S.p.a.

Brugine (PD) - IT -

00351630280

Managing Director

Withdrawn

Registered

Eurotest Laboratori S.r.l.

Brugine (PD) - IT -

02246390286

Managing Director

Active

Registered

Eurotest Laboratori S.r.l.

Brugine (PD) - IT -

02246390286

Director

Active

Registered

Astrel S.r.l.

Mossa (GO) - IT -

00187070313

Director

Withdrawn

Registered

Astrel S.r.l.

Mossa (GO) - IT -

00187070313

Director

Withdrawn

Registered

Astrel S.r.l.

Mossa (GO) - IT -

00187070313

Managing Director

Withdrawn

Registered

Samos S.r.l.

Brugine (PD) - IT -

01930720287

Director

Withdrawn

Ceased

Errennegi S.r.l.

Brugine (PD) - IT -

02680950280

Director

Withdrawn

Ceased

Errennegi S.r.l.

Brugine (PD) - IT -

02680950280

Managing Director

Withdrawn

Ceased

Carel Applico S.r.l.

Brugine (PD) - IT -

02721970248

Managing Director

Active

Registered

Carel Applico S.r.l.

Brugine (PD) - IT -

02721970248

Director

Active

Registered

CAREL FRANCE

ST PRIEST - FR -

414896498

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

Carel S.p.a.

Brugine - IT -

00351630280

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

Cobat, Consorzio Nazionale Raccolta E Ri ciclo

Roma - IT -

03900281001

Active

Carel Applico S.r.l.

Brugine - IT -

02721970248

25.000 .Eur

100,00

Active



Firm's location and structure

 

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

 

-

Legal and operative seat

 

Dell'industria

, 11

- 35020

- Brugine

(PD)

- IT -

 

-

Branch

(Warehouse)

since 01/05/2009

 

Dell'industria

, 9

- 35020

- Brugine

(PD)

- IT -

 

-

Branch

(Warehouse)

since 01/05/2009

 

Dell'industria

, 10

- 35020

- Brugine

(PD)

- IT -

 

-

Branch

(Sales office)

since 01/04/2011

 

Marconi

, 23

- 35020

- Brugine

(PD)

- IT -

 

-

Branch

(Factory)

since 01/02/2013

 

Dell'industria

, 8

- 35020

- Brugine

(PD)

- IT -

 

Employees

: 551

 

Fittings and Equipment for a value of 5.060.000

Eur

 

Stocks for a value of 12.830.000

Eur

 

 

Historical Information and/or Firm's Status

 

EX-MEMBERS / EX-POSITIONS:

 

Roverato

Paolo

 

Born in Padova

(PD)

on 04/04/1963

- Fiscal Code : RVRPLA63D04G224I

 

Residence:

C.d. Milanofiori Str.5-pal.z

, .

- 20089

Rozzano

(MI)

- IT -

 

Ex-Postions

Temporary Auditor

 

Galvani

Giancarlo

 

Born in Venezia

(VE)

on 18/04/1938

- Fiscal Code : GLVGCR38D18L736W

 

Residence:

Cesare Battisti

, 36

- 35020

Legnaro

(PD)

- IT -

 

Ex-Postions

Director



CEASINGS/INCORPORATIONS/MERGES:

 

The firm took over the activity of

 

Carel S.p.a.

 

Marconi

, 23

, 35020

, Brugine

(PD)

- IT -

 

Fiscal Code: 00351630280

 

Date

:

16/04/2009


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

 

Subject is active since 2009

The analysis is based on the latest 3 balance sheets.

During the last years, it achieved profits (r.o.e. 9,96% on 2013) with a remarkable upward trend (+8,04% on 2013 compared to 2012 and +2,36% on 2012 compared to 2011).

The return on Investment in the last financial year was positive (10,88%) and in line with the sector's average.

An operating result of Eur. 11.203.994 has been registered. with no increase in relation to the financial year 2012.

The G.O.M. amounted to Eur. 17.123.485 on the same levels as the previous financial year.

From a financial aspect the company's status covers total short-term debts; the indebtedness volume in 2013 is in fact 0,18 which is yet rising if compared to 2012.

With regard to equity capital, an amount of Eur. 62.397.335 is registered. , unchanged if compared to 2012.

In the year 2013 total debts amounted to Eur. 35.005.406 on the same levels as the year before.

The company does not exceed in bank credits; payments average period is instead slightly high (124,16 gg.) but lined up with the field's average.

It shows a good range of liquidity.

On average trade credits are collected in 62,22 days. , a better value than the sector's average.

As far as the cash flow is concerned during the latest financial year it amounted to Eur. 11.820.547

Labour cost amounts to Eur. 27.706.518, with a 25,34% incidence on production costs. , whereas the incidence on sales revenues is of 23,79%.

No incidence of financial charges as lower than the incomes.


Financial Data

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

 

 

Sales

116.455.684

Profit (Loss) for the period

6.217.178

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

 

 

Profit (Loss) for the period

14.387.099

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

 

 

Profit (Loss) for the period

10.888.952

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

 

 

Profit (Loss) for the period

8.878.662

 

 

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.

1.894.671

1.096.212

1.446.460

. . Industrial patent rights

869.982

593.958

382.542

. . Concessions,licenses,trademarks,etc.

. . Goodwill

8.333

251.611

494.889

. . Assets in formation and advance paymen.

2.391.059

3.296.862

1.492.704

. . Other intangible fixed assets

. Total Intangible Fixed Assets

5.164.045

5.238.643

3.816.595

. TANGIBLE FIXED ASSETS

. . Real estate

6.264

. . Plant and machinery

2.507.730

2.505.872

2.719.805

. . Industrial and commercial equipment

2.551.517

1.978.567

1.770.097

. . Other assets

873.675

809.756

560.403

. . Assets under construction and advances

64.365

19.906

65.997

. Total Tangible fixed assets

6.003.551

5.314.101

5.116.302

. FINANCIAL FIXED ASSETS

. . Equity investments

14.972.866

15.880.361

15.678.546

. . . Equity invest. in subsidiary companies

14.927.926

15.880.316

15.678.501

. . . Equity invest. in associated companies

44.895

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

45

45

45

. . Financial receivables

257.647

318.222

538.281

. . . . Within 12 months

171.344

. . . . Beyond 12 months

257.647

318.222

366.937

. . . Receivab due from subsidiaries

103.653

111.880

333.874

. . . . Within 12 months

166.937

. . . . Beyond 12 months

103.653

111.880

166.937

. . . 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

153.994

206.342

204.407

. . . . Within 12 months

4.407

. . . . Beyond 12 months

153.994

206.342

200.000

. . Other securities

. . Own shares

. . . Total nominal value

. Total financial fixed assets

15.230.513

16.198.583

16.216.827

Total fixed assets

26.398.109

26.751.327

25.149.724

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

6.265.064

5.093.974

6.477.682

. . Work in progress and semimanufactured

1.980.799

1.871.002

2.021.446

. . Work in progress on order

. . Finished goods

4.562.159

4.421.753

3.930.999

. . Advance payments

22.447

26.925

16.239

. Total Inventories

12.830.469

11.413.654

12.446.366

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

36.603.343

31.563.506

28.847.632

. . Beyond 12 months

58.472

488.877

1.092

. . Trade receivables

20.125.861

17.670.259

17.118.880

. . . . Within 12 months

20.125.861

17.670.259

17.118.880

. . . . Beyond 12 months

. . Receivables due from subsid. comp.

13.042.377

11.112.146

9.050.733

. . . . Within 12 months

13.042.377

11.112.146

9.050.733

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

857.667

630.190

126.337

. . . . Within 12 months

857.667

630.190

126.337

. . . . Beyond 12 months

. . Receivables due from holding comp.

409.197

3.025

141.352

. . . . Within 12 months

409.197

3.025

141.352

. . . . Beyond 12 months

. . Fiscal Receivables

1.153.317

1.324.910

1.298.361

. . . . Within 12 months

1.153.317

1.324.910

1.298.361

. . . . Beyond 12 months

. . Receivables for anticipated taxes

645.065

507.785

423.007

. . . . Within 12 months

586.593

18.908

421.915

. . . . Beyond 12 months

58.472

488.877

1.092

. . Receivables due from third parties

428.331

804.068

690.054

. . . . Within 12 months

428.331

804.068

690.054

. . . . Beyond 12 months

. Total Credits not held as fixed assets

36.661.815

32.052.383

28.848.724

. 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

3.123.000

1.450.000

1.450.000

. Total Financial Assets

3.123.000

1.450.000

1.450.000

. LIQUID FUNDS

. . Bank and post office deposits

23.300.352

26.963.147

19.782.629

. . Checks

. . Banknotes and coins

6.964

8.908

6.260

. Total Liquid funds

23.307.316

26.972.055

19.788.889

Total current assets

75.922.600

71.888.092

62.533.979

ADJUSTMENT ACCOUNTS

. Discount on loans

646.885

333.363

396.175

. Other adjustment accounts

Total adjustments accounts

646.885

333.363

396.175

TOTAL ASSETS

102.967.594

98.972.782

88.079.878

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

10.000.000

10.000.000

100.000

. Additional paid-in capital

867.350

. Revaluation reserves

3.424.658

3.424.658

3.424.658

. Legal reserve

739.355

20.000

20.000

. Reserve for Own shares

. Statute reserves

. Other reserves

41.148.794

32.481.050

39.492.098

. Accumulated Profits (Losses)

. Profit( loss) of the year

6.217.178

14.387.099

10.888.952

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

62.397.335

60.312.807

53.925.708

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

928.568

847.767

733.749

. . Taxation fund, also differed

22.312

63.612

. . Other funds

388.282

153.198

170.122

Total Reserves for Risks and Charges

1.339.162

1.064.577

903.871

Employee termination indemnities

4.145.557

3.808.012

3.858.740

ACCOUNTS PAYABLE

. . . . Within 12 months

34.327.085

32.805.494

28.365.147

. . . . Beyond 12 months

678.321

898.607

835.242

. . 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

229.500

413.100

629.988

. . . . Within 12 months

114.750

183.600

216.888

. . . . Beyond 12 months

114.750

229.500

413.100

. . Due to other providers of finance

669.106

774.642

527.677

. . . . Within 12 months

105.535

105.535

105.535

. . . . Beyond 12 months

563.571

669.107

422.142

. . Advances from customers

361.158

313.137

447.055

. . . . Within 12 months

361.158

313.137

447.055

. . . . Beyond 12 months

. . Trade payables

16.044.296

13.715.520

13.641.309

. . . . Within 12 months

16.044.296

13.715.520

13.641.309

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

6.977.537

8.487.716

4.545.077

. . . . Within 12 months

6.977.537

8.487.716

4.545.077

. . . . Beyond 12 months

. . Due to associated companies

151.664

742.540

150.538

. . . . Within 12 months

151.664

742.540

150.538

. . . . Beyond 12 months

. . Due to holding companies

3.106.506

65.605

12.243

. . . . Within 12 months

3.106.506

65.605

12.243

. . . . Beyond 12 months

. . Due to the tax authorities

969.817

866.002

1.166.453

. . . . Within 12 months

969.817

866.002

1.166.453

. . . . Beyond 12 months

. . Due to social security and welfare inst.

2.245.608

1.856.821

1.752.000

. . . . Within 12 months

2.245.608

1.856.821

1.752.000

. . . . Beyond 12 months

. . Other payables

4.250.214

6.469.018

6.328.049

. . . . Within 12 months

4.250.214

6.469.018

6.328.049

. . . . Beyond 12 months

Total accounts payable

35.005.406

33.704.101

29.200.389

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

80.134

83.285

191.170

Total adjustment accounts

80.134

83.285

191.170

TOTAL LIABILITIES

102.967.594

98.972.782

88.079.878

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

677.063

1.545.715

Risk accounts

1.118.264

1.454.132

Civil and fiscal norms relation

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

116.455.684

107.784.359

105.298.963

. Changes in work in progress

140.884

340.309

124.202

. Changes in semi-manufact. products

. Capitalization of internal work

2.326.197

2.421.898

2.676.713

. Other income and revenues

1.634.918

1.801.321

1.657.187

. . Contributions for operating expenses

323.294

. . Different income and revenues

1.634.918

1.478.027

1.657.187

Total value of production

120.557.683

112.347.887

109.757.065

PRODUCTION COSTS

. Raw material,other materials and consum.

57.813.218

53.460.238

52.850.733

. Services received

. Leases and rentals

18.388.309

16.979.989

15.711.854

. Payroll and related costs

27.706.518

24.251.026

23.007.676

. . Wages and salaries

20.244.996

17.607.992

16.725.441

. . Social security contributions

6.164.791

5.369.320

5.078.876

. . Employee termination indemnities

1.296.731

1.229.714

1.196.350

. . Pension and similar

. . Other costs

44.000

7.009

. Amortization and depreciation

5.603.369

4.074.847

3.977.299

. . Amortization of intangible fixed assets

2.663.333

1.700.904

1.610.015

. . Amortization of tangible fixed assets

2.234.365

2.224.864

2.235.749

. . Depreciation of tangible fixed assets

532.766

. . Writedown of current receiv.and of liquid

172.905

149.079

131.535

. Changes in raw materials

-812.546

1.383.708

-439.484

. Provisions to risk reserves

270.199

78.988

101.388

. Other provisions

45.923

41.445

47.978

. Other operating costs

338.699

457.195

339.407

Total production costs

109.353.689

100.727.436

95.596.851

Diff. between value and cost of product.

11.203.994

11.620.451

14.160.214

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

936.977

6.577.896

1.367.145

. . In subsidiary companies

936.977

6.577.896

1.367.145

. . In associated companies

. . In other companies

. Other financial income

663.805

545.379

359.229

. . Financ.income from receivables

5.556

11.685

. . . Towards subsidiary companies

1.254

5.406

. . . Towards associated companies

. . . Towards holding companies

. . . Towards other companies

4.302

6.279

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

5.460

. . Financ.income from secur. cur.assets

46.000

. . Financ.income other than the above

612.249

539.919

347.544

. . . - Subsidiary companies

. . . - Associated companies

. . . - Holding companies

18.607

14.100

. . . - Other companies

612.249

521.312

333.444

. Interest and other financial expense

-531.319

-311.741

95.287

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

531.319

311.741

-95.287

Total financial income and expense

1.069.463

6.811.534

1.821.661

ADJUSTMENTS TO FINANCIAL ASSETS

. Revaluations

200.000

. . Of equity investments

200.000

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

. . Of securities incl.among current assets

. Devaluation

-2.000.000

-100.000

-45.671

. . Of equity investments

-2.000.000

-32.980

. . Of financial fixed assets (no equity inv)

-100.000

-12.691

. . Of securities included among current ass

Total adjustments to financial assets

-2.000.000

-100.000

154.329

EXTRAORDINARY INCOME AND EXPENSE

. Extraordinary income

329.361

. . Gains on disposals

. . Other extraordinary income

329.361

. Extraordinary expense

. . Losses on disposals

. . Taxes relating to prior years

. . Other extraordinary expense

Total extraordinary income and expense

329.361

Results before income taxes

10.273.457

18.661.346

16.136.204

. Taxes on current income

4.056.279

4.274.247

5.247.252

. . current taxes

4.229.081

4.295.414

5.301.193

. . differed taxes(anticip.)

-172.802

-21.167

-53.941

. Net income for the period

6.217.178

14.387.099

10.888.952

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

6.217.178

14.387.099

10.888.952

 

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

0,26

0,27

0,29

0,21

Elasticity Ratio

Units

0,74

0,73

0,71

0,77

Availability of stock

Units

0,12

0,12

0,14

0,18

Total Liquidity Ratio

Units

0,61

0,61

0,57

0,54

Quick Ratio

Units

0,26

0,29

0,24

0,02

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

0,18

0,10

0,16

1,71

Self Financing Ratio

Units

0,61

0,61

0,61

0,27

Capital protection Ratio

Units

0,74

0,60

0,80

0,59

Liabilities consolidation quotient

Units

0,14

0,14

0,17

0,19

Financing

Units

0,56

0,56

0,54

2,33

Permanent Indebtedness Ratio

Units

0,65

0,66

0,67

0,44

M/L term Debts Ratio

Units

0,05

0,05

0,05

0,09

Net Financial Indebtedness Ratio

Units

0,00

0,00

0,00

0,41

CORRELATION

Fixed assets ratio

Units

2,55

2,43

2,33

1,65

Current ratio

Units

2,21

2,19

2,20

1,32

Acid Test Ratio-Liquidity Ratio

Units

1,84

1,84

1,77

1,00

Structure's primary quotient

Units

2,36

2,25

2,14

1,22

Treasury's primary quotient

Units

0,77

0,87

0,75

0,05

Rate of indebtedness ( Leverage )

%

165,02

164,10

163,34

376,67

Current Capital ( net )

Value

41.595.515

39.082.598

34.168.832

796.650

RETURN

Return on Sales

%

10,15

17,13

14,12

5,35

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

%

9,96

23,85

20,19

10,29

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

%

16,46

30,94

29,92

22,86

Return on Investment ( R.O.I. )

%

10,88

11,74

16,08

5,63

Return/ Sales

%

9,62

10,78

13,45

5,38

Extra Management revenues/charges incid.

%

55,49

123,81

76,90

45,02

Cash Flow

Value

11.820.547

18.461.946

14.866.251

317.766

Operating Profit

Value

11.203.994

11.620.451

14.160.214

286.496

Gross Operating Margin

Value

17.123.485

15.815.731

18.286.879

442.666

MANAGEMENT

Credits to clients average term

Days

62,22

59,02

58,53

122,22

Debts to suppliers average term

Days

124,16

117,60

96,35

130,98

Average stock waiting period

Days

39,66

38,12

42,55

60,49

Rate of capital employed return ( Turnover )

Units

1,13

1,09

1,20

1,10

Rate of stock return

Units

9,08

9,44

8,46

5,95

Labour cost incidence

%

23,79

22,50

21,85

17,39

Net financial revenues/ charges incidence

%

0,92

6,32

1,73

-0,94

Labour cost on purchasing expenses

%

25,34

24,08

24,07

18,81

Short-term financing charges

%

1,52

0,92

n.c.

2,60

Capital on hand

%

88,42

91,82

83,65

90,41

Sales pro employee

Value

134.630

142.383

146.655

213.861

Labour cost pro employee

Value

32.030

32.035

32.044

36.396

 

 

Market / Territory Data

 

Population living in the province

:

882.779

Population living in the region

:

4.699.950

Number of families in the region

:

1.813.210

 

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

 

- per food products

:

456

- per non food products

:

2.052

- per energy consume

:

127



Sector Data

 

The values are calculated on a base of 1.172 significant companies.

The companies cash their credits on an average of 122 dd.

The average duration of suppliers debts is about 131 dd.

The sector's profitability is on an average of 5,35%.

The labour cost affects the turnover in the measure of 17,39%.

Goods are held in stock in a range of 60 dd.

The difference between the sales volume and the resources used to realize it is about 1,10.

The employees costs represent the 18,81% of the production costs.



Statistical Detrimental Data

 

Statistically the trade activity shows periods of crisis.

The area is statistically considered moderately risky.

In the region 13.782 protested subjects are found; in the province they count to 2.646.

The insolvency index for the region is 0,30, , while for the province it is 0,30.

Total Bankrupt companies in the province : 3.821.

Total Bankrupt companies in the region : 16.714.

 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.45

UK Pound

1

Rs.95.99

Euro

1

Rs.75.28

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

MNL

 

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

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NB

                                       New Business

 

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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.