MIRA INFORM REPORT

 

 

Report No. :

332095

Report Date :

16.07.2015

 

IDENTIFICATION DETAILS

 

Name :

RIELLO S.P.A.

 

 

Registered Office :

Via Ing. Pilade Riello, 7, 37045 – Legnago (VR)   

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

20.09.1995

 

 

Legal Form :

Joint stock company with sole shareholder

 

 

Line of Business :

·         Manufacture of Metal Central Heating Radiators and Boilers.

·         Manufacture of Non-Electric Domestic Appliances.

 

 

No. of Employees :

From 750 to 1000

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 


 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

NOTES:

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

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Italy

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

ITALY - ECONOMIC OVERVIEW

 

Italy has a diversified economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is higher. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, topping 132% of GDP in 2014, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and tax evasion. In 2014 economic growth and labor market conditions continued to deteriorate, with overall unemployment rising to 12.2% and youth unemployment around 40%. Italy's GDP is now nearly 10% below its 2007 pre-crisis level.

 

Source : CIA

 

Company Name and address

 

RIELLO S.P.A.

 

Via Ing. Pilade Riello, 7

 

37045 - Legnago (VR) -IT-

 

 

Summary

 

Fiscal Code

:

02641790239

Legal Form

:

Joint stock company with sole shareholder

start of Activities

:

16/02/1996

Equity

:

Over 2.582.254

Turnover Range

:

over 129.114.224

Number of Employees

:

from 750 to 1000

Group

:

RIELLO

 

 

Activity

 

Manufacture of metal central heating radiators and boilers

Manufacture of non-electric domestic appliances

 

 

Legal Data

 

Legal Form : Joint stock company with sole shareholder

Fiscal Code : 02641790239

 

Foreign Trade Reg. no. : VR044416 since 25/10/2000

 

Chamber of Commerce no. : 413807 of Bologna

 

Chamber of Commerce no. : 190161 of Caserta

 

Chamber of Commerce no. : 252049 of Catania

 

Chamber of Commerce no. : 253705 of Catania

 

Chamber of Commerce no. : 516611 of Firenze

 

Chamber of Commerce no. : 291813 of Lecco

 

Chamber of Commerce no. : 1870601 of Monza e Brianza

 

Chamber of Commerce no. : 1646033 of Milano

 

Chamber of Commerce no. : 344966 of Padova

 

Chamber of Commerce no. : 958534 of Roma

 

Chamber of Commerce no. : 62077 of Sondrio

 

Chamber of Commerce no. : 944316 of Torino

 

Chamber of Commerce no. : 302657 of Treviso

 

Chamber of Commerce no. : 252049 of Verona since 17/11/1995

 

Firms' Register : VR091-40442 of Verona since 19/02/1996

 

V.A.T. Code : 02641790239

 

Foundation date

: 20/09/1995

Establishment date

: 20/09/1995

Start of Activities

: 16/02/1996

Legal duration

: 31/12/2050

Nominal Capital

: 7.117.400

Subscribed Capital

: 7.117.400

Paid up Capital

: 7.117.400

 

Legal mail :

riello@legalmail.it

 

Legal mail :

riello@legalmail.it

 

 

Members

 

Simonetto

Gianfranco

 

Born in Vicenza

(VI)

on 28/10/1948

- Fiscal Code : SMNGFR48R28L840F

 

Residence:

Fogazzaro

, 192

- 36100

Vicenza

(VI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

15/12/2014

 

Riello

Ettore

 

Born in Forte dei Marmi

(LU)

on 01/04/1956

- Fiscal Code : RLLTTR56D01D730T

 

Residence:

Dei Rocoli

, 3/A

- 36100

Vicenza

(VI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

15/12/2014

Board Chairman

15/12/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Vassena

Luigi

 

Born in Lecco

(CO)

on 28/12/1959

- Fiscal Code : VSSLGU59T28E507V

 

Residence:

Bruno

, 1

- 23811

Ballabio

(LC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Responsible technician

11/01/2001

 

Butti

Fabio

 

Born in Lecco

(CO)

on 21/06/1959

- Fiscal Code : BTTFBA59H21E507J

 

Residence:

Della Pace

, 4

- 23862

Civate

(LC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Responsible technician

11/01/2001

 

Bolis

Piermario

 

Born in Lecco

(CO)

on 02/02/1967

- Fiscal Code : BLSPMR67B02E507E

 

Residence:

Giotto

, 45

- 23900

Lecco

(LC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Responsible technician

11/01/2001

 

Corti

Eugenio

 

Born in Lecco

(CO)

on 24/02/1960

- Fiscal Code : CRTGNE60B24E507W

 

Residence:

Renzo

, 12

- 23900

Lecco

(LC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Responsible technician

11/01/2000

 

Ferretti

Umberto

 

Born in Milano

(MI)

on 27/02/1957

- Fiscal Code : FRRMRT57B27F205J

 

Residence:

Ettore Ponti

, 18

- 20143

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

17/04/2015

Director

15/12/2014

Managing Director

22/12/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Giordano

Silvio

 

Born in Cuneo

(CN)

on 25/06/1966

- Fiscal Code : GRDSLV66H25D205A

 

Residence:

G. Verdi

, 25

- 62100

Macerata

(MC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

12/11/2009

 

No Prejudicial events are reported

 

No Protests registered

 

Panzeri

Alberto

 

Born in Lecco

(CO)

on 23/05/1965

- Fiscal Code : PNZLRT65E23E507T

 

Residence:

Cesare Battisti

, 8

- 23868

Valmadrera

(LC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

17/04/2015

 

No Prejudicial events are reported

 

No Protests registered

 

Campoccia

Stefano

 

Born in Conegliano

(TV)

on 29/10/1960

- Fiscal Code : CMPSFN60R29C957Z

 

Residence:

Verdi

, 36

- 31100

Treviso

(TV)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

15/12/2014

 

Nigro

Antonio

 

Born in Padova

(PD)

on 23/07/1969

- Fiscal Code : NGRNTN69L23G224D

 

Residence:

Conciapelli

, 12

- 35137

Padova

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

17/04/2015

 

No Prejudicial events are reported

 

No Protests registered

 

Tagliapietra

Marco

 

Born in Prato

(FI)

on 11/02/1969

- Fiscal Code : TGLMRC69B11G999Y

 

Residence:

Ettore Romagnoli

, 1

- 20146

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

17/04/2015

 

No Prejudicial events are reported

 

No Protests registered

 

Cariboni

Massimiliano

 

Born in Bellano

(CO)

on 04/12/1973

- Fiscal Code : CRBMSM73T04A745F

 

Residence:

Ombriaco

, 1/F

- 23822

Bellano

(LC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Responsible technician

01/07/2004

 

Archetti

Gianpaolo

 

Born in Lecco

(CO)

on 13/05/1965

- Fiscal Code : RCHGPL65E13E507O

 

Residence:

Agnese

, 6

- 23900

Lecco

(LC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

26/01/2007

 

No Prejudicial events are reported

 

No Protests registered

 

Nicolai

Paolo

 

Born in Legnago

(VR)

on 26/06/1955

- Fiscal Code : NCLPLA55H26E512Q

 

Residence:

Rinaldi

, 12

- 35121

Padova

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

04/02/2015

 

Invernizzi

Paolo

 

Born in Lecco

(CO)

on 25/07/1963

- Fiscal Code : NVRPLA63L25E507J

 

Residence:

Garibaldi

, 2

- 23811

Ballabio

(LC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Responsible technician

11/01/2001

 

Giuliani

Davide

 

Born in Cesena

(FO)

on 25/07/1963

- Fiscal Code : GLNDVD63L25C573Y

 

Residence:

Primo Maggio

, 55

- 23851

Galbiate

(LC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Responsible technician

11/01/2001

 

Crotta

Luigi

 

Born in Lecco

(CO)

on 31/03/1961

- Fiscal Code : CRTLGU61C31E507K

 

Residence:

Gorizia

, 34

- 22053

Lecco

(LC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

12/11/2009

 

No Prejudicial events are reported

 

No Protests registered

 

Rompani

Riccardo

 

Born in Bellano

(CO)

on 02/06/1960

- Fiscal Code : RMPRCR60H02A745D

 

Residence:

G. Leopardi

, 5

- 22100

Mandello del Lario

(LC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

16/11/2004

 

No Protests registered

 

Marconi

Daniele

 

Born in Lazzate

(MB)

on 02/10/1965

- Fiscal Code : MRCDNL65R02E504D

 

Residence:

U. Foscolo

, 3

- 22069

Rovellasca

(CO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Responsible technician

27/09/2001

 

Fini

Andrea

 

Born in Modena

(MO)

on 15/05/1970

- Fiscal Code : FNINDR70E15F257Y

 

Residence:

Cattaneo

, 9

- 37100

Verona

(VR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

17/04/2015

 

No Protests registered

 

Anghileri

Aris

 

Born in Lecco

(CO)

on 29/05/1971

- Fiscal Code : NGHRSA71E29E507A

 

Residence:

Trento

, 3

- 23900

Lecco

(LC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Responsible technician

12/12/2002

 

Riello Group S.p.a.

 

 

Residence:

Guglielmo Marconi

, 63

- 33170

Pordenone

(PN)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole partner

16/12/2005

 

No Prejudicial events are reported

 

No Protests registered

 

Sibella

Andrea

 

Born in Milano

(MI)

on 21/05/1967

- Fiscal Code : SBLNDR67E21F205G

 

Residence:

Increa

, 34

- 20047

Brugherio

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

15/03/2012

 

No Protests registered

 

Pugiotto

Michele

 

Born in Rovigo

(RO)

on 19/04/1964

- Fiscal Code : PGTMHL64D19H620G

 

Residence:

Carlo Goldoni

, 39

- 45100

Rovigo

(RO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

17/04/2015

 

No Protests registered

 

Tin

Luigi

 

Born in Villa Bartolomea

(VR)

on 28/12/1946

- Fiscal Code : TNILGU46T28L912Y

 

Residence:

Dei Tigli

, 14

- 37045

Legnago

(VR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

12/07/2005

 

No Protests registered

 

Potenza

Maria Cristina

 

Born in Carbonia

(CA)

on 11/03/1964

- Fiscal Code : PTNMCR64C51B745K

 

Residence:

Madre Teresa Di Calcutta

, 6

- 37045

Legnago

(VR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

29/05/2009

 

No Protests registered

 

Bovolon

Roberto

 

Born in Legnago

(VR)

on 20/10/1958

- Fiscal Code : BVLRRT58R20E512U

 

Residence:

Spaltin Alto

, 51

- 37045

Legnago

(VR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

29/05/2009

 

No Protests registered

 

Redaelli

Gino Angelo

 

Born in Lecco

(CO)

on 18/11/1968

- Fiscal Code : RDLGNG68S18E507G

 

Residence:

Gb Torri

, 15

- 23865

Oliveto Lario

(LC)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

29/05/2009

 

No Protests registered

 

Vinco

Stefano

 

Born in Verona

(VR)

on 10/02/1973

- Fiscal Code : VNCSFN73B10L781A

 

Residence:

Antonio Pisano

, 19

- 37131

Verona

(VR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

25/11/2011

 

No Protests registered

 

Chiapinotto

Berto

 

Born in Conegliano

(TV)

on 21/11/1966

- Fiscal Code : CHPBRT66S21C957T

 

Residence:

C. Battisti

, 7

- 31015

Conegliano

(TV)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

17/04/2015

 

No Protests registered

 

Ferrarini

Daniele Giovanni

 

Born in Bovolone

(VR)

on 20/02/1961

- Fiscal Code : FRRDLG61B20B107K

 

Residence:

Santa Maria In Organo

, 14

- 37100

Verona

(VR)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

16/11/2004

 

No Protests registered

 

Lesma

Alessandro

 

Born in Milano

(MI)

on 20/11/1967

- Fiscal Code : LSMLSN67S20F205G

 

Residence:

Giacomo Radini Tedeschi

, 7

- 24124

Bergamo

(BG)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

17/04/2015

 

No Protests registered

 

D'alvise

Raffaele

 

Born in Pordenone

(PN)

on 06/10/1974

- Fiscal Code : DLVRFL74R06G888J

 

Residence:

Fioravanti

, 9/3

- 35043

Monselice

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

17/04/2015

 

No Protests registered

 

D'onofrio

Gianfranco

 

Born in Benevento

(BN)

on 25/06/1957

- Fiscal Code : DNFGFR57H25A783X

 

Residence:

Mazzini

, 57

- 20067

Paullo

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

17/04/2015

 

No Protests registered

 

Zavatti

Giuliano

 

Born in Milano

(MI)

on 13/09/1969

- Fiscal Code : ZVTGLN69P13F205J

 

Residence:

Verdi

, 10

- 20083

Gaggiano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

17/04/2015

 

No Protests registered

 

Massano

Federico

 

Born in Torino

(TO)

on 14/05/1959

- Fiscal Code : MSSFRC59E14L219M

 

Residence:

Francia

, 46/A

- 10143

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

17/04/2015

 

No Protests registered

 

Cortesi

Adriano

 

Born in Milano

(MI)

on 30/11/1958

- Fiscal Code : CRTDRN58S30F205Q

 

Residence:

Cristina Di Belgioioso

, 3

- 20085

Locate di Triulzi

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

27/04/2015

 

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.

 

Riello

Ettore

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Iaber S.p.a

Lecco (LC) - IT -

00205100134

Director

Withdrawn

Merged

Iaber S.p.a

Lecco (LC) - IT -

00205100134

Board Chairman

Withdrawn

Merged

Gruppo Riello S.p.a.

Legnago (VR) - IT -

01228910236

Managing Director

Withdrawn

Merged

Gruppo Riello S.p.a.

Legnago (VR) - IT -

01228910236

Director

Withdrawn

Merged

Gruppo Riello S.p.a.

Legnago (VR) - IT -

01228910236

Managing Director

Withdrawn

Merged

Gruppo Riello S.p.a.

Legnago (VR) - IT -

01228910236

Board Chairman

Withdrawn

Merged

Clima Italia S.p.a.

Pero (MI) - IT -

02524380157

Director

Withdrawn

Ceased

Thermital S.p.a.

Volpago del Montello (TV) - IT -

00197420268

Chairman

Withdrawn

Ceased

Thermital S.p.a.

Volpago del Montello (TV) - IT -

00197420268

Director

Withdrawn

Ceased

Sylber S.r.l.

Carate Brianza (MI) - IT -

00688060151

Director

Withdrawn

Ceased

Gardaland S.p.a.

Castelnuovo del Garda (VR) - IT -

00463500231

Director

Withdrawn

Ceased

Ente Autonomo Per Le Fiere Di Verona

Verona (VR) - IT -

00233750231

Director

Active

Registered

Ente Autonomo Per Le Fiere Di Verona

Verona (VR) - IT -

00233750231

Board Chairman

Active

Registered

Wassergas S.r.l.

Vaprio d'Adda (MI) - IT -

00273970160

Director

Withdrawn

Ceased

Wassergas S.r.l.

Vaprio d'Adda (MI) - IT -

00273970160

Board Chairman

Withdrawn

Ceased

Societa' Industriale Automatismi, Caldaie, Elettrodomestici *s.i.a.c.e. S.

Pordenone (PN) - IT -

00222500282

Sole Director

Withdrawn

Ceased

Fontecal S.p.a.

Cepagatti (PE) - IT -

01292140686

Director

Active

Registered

Fontecal S.p.a.

Cepagatti (PE) - IT -

01292140686

Board Chairman

Active

Registered

R.b.l. Riello Bruciatori Legnago S.p.a.

Legnago (VR) - IT -

01942700236

Managing Director

Withdrawn

Merged

R.b.l. Riello Bruciatori Legnago S.p.a.

Legnago (VR) - IT -

01942700236

Director

Withdrawn

Merged

R.b.l. Riello Bruciatori Legnago S.p.a.

Legnago (VR) - IT -

01942700236

Managing Director

Withdrawn

Merged

R.b.l. Riello Bruciatori Legnago S.p.a.

Legnago (VR) - IT -

01942700236

Board Chairman

Withdrawn

Merged

Ccm S.r.l.

Morbegno (SO) - IT -

00631450145

Sole Director

Withdrawn

Ceased

Calortecnica S.p.a.

Piombino Dese (PD) - IT -

00406880286

Director

Withdrawn

Ceased

Calortecnica S.p.a.

Piombino Dese (PD) - IT -

00406880286

Managing Director

Withdrawn

Ceased

Corinvest S.p.a.

Legnago (VR) - IT -

01932960238

Sole Director

Withdrawn

Ceased

Corinvest S.p.a.

Legnago (VR) - IT -

01932960238

Liquidator

Withdrawn

Ceased

Vapedil S.r.l.

Pontirolo Nuovo (BG) - IT -

00922060165

Director

Withdrawn

Ceased

Banca Generali - Societa' Per Azioni O In Forma Abbreviata: Generbanca

Trieste (TS) - IT -

00833240328

Director

Withdrawn

Registered

Valservice S.r.l.

Morbegno (SO) - IT -

00672020146

Sole Director

Withdrawn

Ceased

Telearena S.p.a.

Verona (VR) - IT -

01688270238

Director

Withdrawn

Registered

Telearena S.p.a.

Verona (VR) - IT -

01688270238

Board Chairman

Withdrawn

Registered

Iaber Immobiliare Srl

Lecco (LC) - IT -

00636650137

Sole Director

Withdrawn

Ceased

Sigla Engineering - S.p.a.- In Liquidazione -

Pordenone (PN) - IT -

02005840265

Director

Withdrawn

Ceased

Sigla Engineering - S.p.a.- In Liquidazione -

Pordenone (PN) - IT -

02005840265

Liquidator

Withdrawn

Ceased

Sefin Leasing - S.r.l.

Conegliano (TV) - IT -

01156760264

Chairman

Withdrawn

Merged

Erfin S.r.l.

Vittorio Veneto (TV) - IT -

01532190269

Sole Director

Withdrawn

Ceased

Co.fi.mo. - S.r.l.

Conegliano (TV) - IT -

00833500267

Chairman

Withdrawn

Ceased

Maglificio Miles S.p.a.

Vicenza (VI) - IT -

01560900936

Director

Withdrawn

Registered

Fit Service S.p.a.

Legnago (VR) - IT -

03604820237

Director

Active

Registered

Fit Service S.p.a.

Legnago (VR) - IT -

03604820237

Managing Director

Withdrawn

Registered

Fit Service S.p.a.

Legnago (VR) - IT -

03604820237

Board Chairman

Active

Registered

Riello International - S.p.a.

Legnago (VR) - IT -

03654910235

Director

Withdrawn

Registered

Riello International - S.p.a.

Legnago (VR) - IT -

03654910235

Managing Director

Withdrawn

Registered

Riello International - S.p.a.

Legnago (VR) - IT -

03654910235

Board Chairman

Withdrawn

Registered

Palladio Finanziaria S.p.a.

Vicenza (VI) - IT -

03402170249

Director

Withdrawn

Registered

Palladio Finanziaria S.p.a.

Vicenza (VI) - IT -

02747200240

Director

Withdrawn

Ceased

Palladio Finanziaria S.p.a.

Vicenza (VI) - IT -

03022520245

Director

Withdrawn

Merged

Veneto Nanotech Societa' Consortile PerAzioni

Padova (PD) - IT -

03845260284

Director

Withdrawn

Registered

Riello Group S.p.a.

Pordenone (PN) - IT -

01530440930

Managing Director

Active

Registered

Riello Group S.p.a.

Pordenone (PN) - IT -

01530440930

Director

Active

Registered

Riello Group S.p.a.

Pordenone (PN) - IT -

01530440930

Managing Director

Withdrawn

Registered

Riello Group S.p.a.

Pordenone (PN) - IT -

01530440930

Board Chairman

Active

Registered

Manin 11 S.r.l.

Vicenza (VI) - IT -

03111060244

Director

Withdrawn

Registered

Reway S.r.l.

Legnago (VR) - IT -

04023890264

Director

Withdrawn

Registered

Reway S.r.l.

Legnago (VR) - IT -

04023890264

Sole Director

Withdrawn

Registered

Reway S.r.l.

Legnago (VR) - IT -

04023890264

Managing Director

Withdrawn

Registered

Reway S.r.l.

Legnago (VR) - IT -

04023890264

Board Chairman

Withdrawn

Registered

 

Ferretti

Umberto

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Ksb Italia S.p.a.

Milano (MI) - IT -

00739230159

Managing Director

Withdrawn

Registered

Ksb Italia S.p.a.

Milano (MI) - IT -

00739230159

Director

Withdrawn

Registered

Nadella S.p.a.

Milano (MI) - IT -

00743270159

General Director

Withdrawn

Merged

Watts Intermes S.r.l.

Caldaro sulla Strada del Vino (BZ) - IT -

00123480220

Managing Director

Withdrawn

Merged

Watts Intermes S.r.l.

Caldaro sulla Strada del Vino (BZ) - IT -

00123480220

Director

Withdrawn

Merged

Watts Intermes S.r.l.

Caldaro sulla Strada del Vino (BZ) - IT -

00123480220

General Director

Withdrawn

Merged

Watts Londa S.p.a.

Trento (TN) - IT -

01197920224

Managing Director

Withdrawn

Registered

Watts Londa S.p.a.

Trento (TN) - IT -

01197920224

Director

Withdrawn

Registered

Watts Londa S.p.a.

Trento (TN) - IT -

01197920224

General Director

Withdrawn

Registered

Giuliani Anello S.r.l.

Cento (FE) - IT -

03004730374

Managing Director

Withdrawn

Registered

Giuliani Anello S.r.l.

Cento (FE) - IT -

03004730374

Director

Withdrawn

Registered

CARMEN PRIMA S.P.A.

Milano (MI) - IT -

03408520157

Sole Director

Withdrawn

Registered

Watts Italy Holding - S.r.l.

Bolzano (BZ) - IT -

01303650210

Managing Director

Active

Registered

Watts Italy Holding - S.r.l.

Bolzano (BZ) - IT -

01303650210

Director

Active

Registered

STERN RUBINETTI S.R.L.

MOLINETTO DI MAZZ. (BS) - IT -

02804400170

Director

Withdrawn

Registered

Watts Industries Italia S.r.l.

Trento (TN) - IT -

00743720153

Managing Director

Active

Registered

Watts Industries Italia S.r.l.

Trento (TN) - IT -

00743720153

Director

Active

Registered

Watts Industries Italia S.r.l.

Trento (TN) - IT -

00743720153

General Director

Active

Registered

"ELECOMP S.R.L."

Leggiuno (VA) - IT -

02018320123

Attorney with special power

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

Riello Group S.p.a.

Pordenone - IT -

01530440930

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

Reway S.r.l.

Legnago - IT -

04023890264

20.000 .Eur

20,00

Active

Consorzio Ridomus

Milano - IT -

05157270967

Active

Fontecal S.p.a.

Cepagatti - IT -

01292140686

2.700.000 .Eur

100,00

Active

Fit Service S.p.a.

Legnago - IT -

03604820237

500.000 .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

 

Ing. Pilade Riello

, 7

- 37045

- Legnago

(VR)

- IT -

 

PHONE

: 044260111

 

PHONE

: 0442630111

 

FAX

: 0442600665

 

Legal mail

: RIELLO@LEGALMAIL.IT

 

-

Branch

(Factory)

since 01/11/2000

 

Ing. Pilade Riello

, 5

- 37045

- Legnago

(VR)

- IT -

 

Legal mail

: RIELLO@LEGALMAIL.IT

 

-

Branch

(Factory)

since 01/11/2000

 

Risorgimento

, 13

- 22053

- Lecco

(LC)

- IT -

 

-

Branch

(office)

since 01/11/2000

 

Risorgimento

, 23/A

- 22053

- Lecco

(LC)

- IT -

 

-

Branch

(Factory)

since 01/11/2000

 

Risorgimento

, 23

- 22053

- Lecco

(LC)

- IT -

 

-

Branch

(office)

since 01/11/2000

 

Tiburtina

, 1143

- 00100

- Roma

(RM)

- IT -

 

-

Branch

(Factory)

since 01/11/2003

 

Industria

, 10

- 23017

- Morbegno

(SO)

- IT -

 

-

Branch

(Factory)

since 01/11/2003

 

Del Commercio

, 1

- 23017

- Morbegno

(SO)

- IT -

 

-

Branch

(office)

since 01/11/2003

 

Mussa,

, 20

- 35017

- Piombino Dese

(PD)

- IT -

 

-

Branch

(Store)

since 01/01/2007

 

Maestri Del Lavoro

, 10

- 37045

- Legnago

(VR)

- IT -

 

-

Branch

(Workshop)

since 01/11/2000

 

Del Lavoro

, 504

- 37050

- Angiari

(VR)

- IT -

 

-

Branch

(Warehouse)

since 01/09/2003

 

Lovara

, 33

- 37049

- Villa Bartolomea

(VR)

- IT -

 

-

Branch

(office)

since 01/05/2006

 

Alessio Baldovinetti

, 13/15

- 00100

- Roma

(RM)

- IT -

 

-

Branch

(Factory)

since 01/11/2003

 

Jacopo Gasparini

, 86

- 31040

- Volpago del Montello

(TV)

- IT -

 

-

Branch

(Store)

since 01/09/2011

 

Maestri Del Lavoro

, 7

- 37045

- Legnago

(VR)

- IT -

 

-

Branch

(Warehouse)

since 01/01/2013

 

Dell'industria

, 15

- 37012

- Bussolengo

(VR)

- IT -

 

Employees

: 887

 

Fittings and Equipment for a value of 21.140.000

Eur

 

Stocks for a value of 38.310.000

Eur

 

Trade organization: direct or by agents.

The company sells in Italy and abroad.

 

Import comes generally from the following nations:

- Belgium

 

- France

 

The subject firm uses the following own selling brands:

- RIELLO

 

- ATMOLINE - GEOTERMIA -

 

- FEEL - SOLARE

 

 

Historical Information and/or Firm's Status

 

CHANGES TO THE LEGAL FORM:

 

Former legal form

New legal form

Changement Date

Limited liability company

Joint stock company

14/10/1996

 

COMPANY STYLE MODIFICATIONS:

 

Former Style

New Style

Changement Date

Holdco Srl

14/10/1996

 

CEASINGS/INCORPORATIONS/MERGES:

 

The firm absorved

 

Gruppo Riello S.p.a.

 

Degli Alpini

, 1

, 37045

, Legnago

(VR)

- IT -

 

Fiscal Code: 01228910236

 

Date

:

23/10/2000

 

The firm absorved

 

R.b.l. Riello Bruciatori Legnago S.p.a.

 

Degli Alpini

, 1

, 37045

, Legnago

(VR)

- IT -

 

Fiscal Code: 01942700236

 

Date

:

23/10/2000

 

The firm absorved

 

Thermital S.p.a.

 

Gasparini

, 86

, 31040

, Volpago del Montello

(TV)

- IT -

 

Fiscal Code: 00197420268

 

Date

:

22/10/2003

 

The firm absorved

 

Valservice S.r.l.

 

Del Commercio

, 1

, 23017

, Morbegno

(SO)

- IT -

 

Fiscal Code: 00672020146

 

Date

:

22/10/2003

 

The firm absorved

 

Wassergas S.r.l.

 

S. Nicolo'

, 9-11-13

, 20069

, Vaprio d'Adda

(MI)

- IT -

 

Fiscal Code: 00273970160

 

Date

:

22/10/2003

 

The firm absorved

 

Ccm S.r.l.

 

Industria

, 10

, 23017

, Morbegno

(SO)

- IT -

 

Fiscal Code: 00631450145

 

Date

:

22/10/2003

 

Project of merging by taking over of

 

O.f.r. Officine Fratelli Riello S.p.a.

 

Degli Alpini

, 1

, 37045

, Legnago

(VR)

- IT -

 

Fiscal Code: 00233620236

 

Date

Merging/splitting-up project:

29/04/1996

 

The firm absorbed by merging of

 

O.f.r. Officine Fratelli Riello S.p.a.

 

Degli Alpini

, 1

, 37045

, Legnago

(VR)

- IT -

 

Fiscal Code: 00233620236

 

Date

:

14/10/1996

 

Project of merging by taking over of

 

Iaber S.p.a

 

Risorgimento

, 13

, 23900

, Lecco

(LC)

- IT -

 

Fiscal Code: 00205100134

 

Date

Merging/splitting-up project:

28/06/2000

 

The firm absorbed by merging of

 

Iaber S.p.a

 

Risorgimento

, 13

, 23900

, Lecco

(LC)

- IT -

 

Fiscal Code: 00205100134

 

Date

:

23/10/2000

 

Project of merging by taking over of

 

Iaber Immobiliare Srl

 

Dante

, 20

, 22053

, Lecco

(LC)

- IT -

 

Fiscal Code: 00636650137

 

Date

Merging/splitting-up project:

05/06/2003

 

The firm absorbed by merging of

 

Iaber Immobiliare Srl

 

Dante

, 20

, 22053

, Lecco

(LC)

- IT -

 

Fiscal Code: 00636650137

 

Date

:

22/10/2003

 

Project of merging by taking over of

 

Riello International - S.p.a.

 

Ing. Pilade Riello

, 7

, 37045

, Legnago

(VR)

- IT -

 

Fiscal Code: 03654910235

 

Date

Merging/splitting-up project:

31/03/2010

 

The firm absorbed by merging of

 

Riello International - S.p.a.

 

Ing. Pilade Riello

, 7

, 37045

, Legnago

(VR)

- IT -

 

Fiscal Code: 03654910235

 

Date

:

23/07/2010



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 1996

Balance sheets for the years 2012, 2013 and 2014 were analyzed.

In the economic management , good and bad results followed on by turns. ; in the last financial year a loss was registered (r.o.e. -1,08%) The turnover is falling if compared with the previous financial year (eamp;FAT1eamp;%).

The operating result is negative.

The operating loss amounts to Eur. -9.342.735 .

The economic management produced a gross operating margin of Eur. 22.202.702 , with a -31% decrease.

Financial condition is not balanced as own capitals do not cover debts, indebtedness level is in fact high (11,98) falling as opposed to the year before.

It's shareholders funds amount to Eur. 46.146.952 , stable in comparison with the value of the previous year.

Total indebtedness was equal to Eur. 560.629.611 (Eur. 7.074.445 was the value of m/l term debts) showing a stable trend as opposed to 2013 (Eur. 583.362.132).

Debt/equity ratio is high and the recourse to commercial borrowings is substantial besides being higher than sector's average.

Liquid assets are not adequatel to subject's needs.

As far as the collection of credit goes, the average is high (112,49 days). but on the same levels as the average of the sector.

During financial year 2014 the cash flow amounted to Eur. 26.802.813

During 2014 financial year labour costs amounted to Eur. 52.542.878, with a 15,03% incidence on production costs. , whereas the incidence on sales revenues is of 16,06%.

Financial incomes cover financial charges.



Financial Data

 

Complete balance-sheet for the year

al 31/12/2014

(in Eur

x 1)

 

Item Type

Value

Sales

327.143.500

Profit (Loss) for the period

-497.016

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

410.112.747

Profit (Loss) for the period

1.538.837

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

414.228.200

Profit (Loss) for the period

442.092

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

442.648.224

Profit (Loss) for the period

3.806.442

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

432.572.449

Profit (Loss) for the period

-7.116.533



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.

3.423.202

3.633.247

2.214.127

. . Industrial patent rights

5.693.435

11.117.691

13.982.506

. . Concessions,licenses,trademarks,etc.

1.818.364

879.067

945.721

. . Goodwill

5.502.937

10.819.576

. . Assets in formation and advance paymen.

5.287.242

6.102.917

6.292.875

. . Other intangible fixed assets

5.415.656

7.926.768

10.587.271

. Total Intangible Fixed Assets

21.637.899

35.162.627

44.842.076

. TANGIBLE FIXED ASSETS

. . Real estate

45.061.260

46.291.570

47.825.721

. . Plant and machinery

14.264.464

13.287.370

10.106.586

. . Industrial and commercial equipment

6.876.111

6.739.875

5.366.742

. . Other assets

757.470

1.040.697

1.231.760

. . Assets under construction and advances

2.303.538

1.444.442

1.428.628

. Total Tangible fixed assets

69.262.843

68.803.954

65.959.437

. FINANCIAL FIXED ASSETS

. . Equity investments

214.879.390

213.028.700

213.557.885

. . . Equity invest. in subsidiary companies

214.794.501

212.943.811

213.472.996

. . . Equity invest. in associated companies

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

84.889

84.889

84.889

. . Financial receivables

77.997.258

1.924.714

3.396.778

. . . . Within 12 months

76.111.729

333.333

1.166.666

. . . . Beyond 12 months

1.885.529

1.591.381

2.230.112

. . . 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.

75.996.080

. . . . Within 12 months

75.996.080

. . . . Beyond 12 months

. . . Receivables due from third parties

2.001.178

1.924.714

3.396.778

. . . . Within 12 months

115.649

333.333

1.166.666

. . . . Beyond 12 months

1.885.529

1.591.381

2.230.112

. . Other securities

. . Own shares

. . . Total nominal value

. Total financial fixed assets

292.876.648

214.953.414

216.954.663

Total fixed assets

383.777.390

318.919.995

327.756.176

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

15.023.460

17.410.326

15.070.788

. . Work in progress and semimanufactured

4.901.294

6.492.382

5.862.823

. . Work in progress on order

. . Finished goods

18.328.193

26.992.503

25.525.307

. . Advance payments

55.439

684.617

25.000

. Total Inventories

38.308.386

51.579.828

46.483.918

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

200.450.621

199.342.575

203.637.794

. . Beyond 12 months

4.946.255

80.364.390

81.617.784

. . Trade receivables

102.224.822

105.398.565

117.834.932

. . . . Within 12 months

101.978.041

105.180.570

114.963.083

. . . . Beyond 12 months

246.781

217.995

2.871.849

. . Receivables due from subsid. comp.

50.876.132

47.524.393

47.087.157

. . . . Within 12 months

50.876.132

47.524.393

47.087.157

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

75.000

587.892

. . . . Within 12 months

75.000

587.892

. . . . Beyond 12 months

. . Receivables due from holding comp.

16.955.890

89.084.137

84.119.297

. . . . Within 12 months

16.955.890

13.554.535

9.907.406

. . . . Beyond 12 months

75.529.602

74.211.891

. . Fiscal Receivables

6.074.601

6.331.475

7.625.915

. . . . Within 12 months

1.375.127

1.714.682

3.091.871

. . . . Beyond 12 months

4.699.474

4.616.793

4.534.044

. . Receivables for anticipated taxes

27.627.726

27.719.000

25.825.834

. . . . Within 12 months

27.627.726

27.719.000

25.825.834

. . . . Beyond 12 months

. . Receivables due from third parties

1.637.705

3.574.395

2.174.551

. . . . Within 12 months

1.637.705

3.574.395

2.174.551

. . . . Beyond 12 months

. Total Credits not held as fixed assets

205.396.876

279.706.965

285.255.578

. 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

8.299.070

6.858.753

5.244.217

. Total Financial Assets

8.299.070

6.858.753

5.244.217

. LIQUID FUNDS

. . Bank and post office deposits

761.091

2.192.803

1.843.830

. . Checks

. . Banknotes and coins

19.872

25.963

43.164

. Total Liquid funds

780.963

2.218.766

1.886.994

Total current assets

252.785.295

340.364.312

338.870.707

ADJUSTMENT ACCOUNTS

. Discount on loans

663.234

1.534.089

. Other adjustment accounts

1.998.631

Total adjustments accounts

663.234

1.534.089

1.998.631

TOTAL ASSETS

637.225.919

660.818.396

668.625.514

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

7.117.400

7.117.400

7.117.400

. Additional paid-in capital

. Revaluation reserves

21.010.887

21.010.887

21.010.887

. Legal reserve

1.704.593

1.704.593

1.704.593

. Reserve for Own shares

. Statute reserves

. Other reserves

18.263.622

15.462.518

15.233.732

. Accumulated Profits (Losses)

-955.518

-955.518

-955.518

. Profit( loss) of the year

-994.032

1.538.837

442.092

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

46.146.952

45.878.717

44.553.186

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

. . Taxation fund, also differed

384.090

170.668

240.997

. . Other funds

17.346.818

16.393.888

16.781.609

Total Reserves for Risks and Charges

17.730.908

16.564.556

17.022.606

Employee termination indemnities

12.180.340

14.675.399

15.170.024

ACCOUNTS PAYABLE

. . . . Within 12 months

553.555.166

574.292.433

402.031.631

. . . . Beyond 12 months

7.074.445

9.069.699

189.336.671

. . 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

374.417.284

352.450.735

356.047.930

. . . . Within 12 months

374.417.284

352.450.735

168.757.930

. . . . Beyond 12 months

187.290.000

. . Due to other providers of finance

799.283

2.046.233

3.284.144

. . . . Within 12 months

266.632

1.251.049

1.237.473

. . . . Beyond 12 months

532.651

795.184

2.046.671

. . Advances from customers

53.483

130.693

66.168

. . . . Within 12 months

53.483

130.693

66.168

. . . . Beyond 12 months

. . Trade payables

82.809.264

106.516.952

113.564.925

. . . . Within 12 months

82.809.264

106.516.952

113.564.925

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

73.192.837

86.326.746

78.229.172

. . . . Within 12 months

73.192.837

86.326.746

78.229.172

. . . . 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

15.184.966

16.669.704

18.775.194

. . . . Within 12 months

8.643.172

8.395.189

18.775.194

. . . . Beyond 12 months

6.541.794

8.274.515

. . Due to social security and welfare inst.

3.468.532

3.892.287

3.828.968

. . . . Within 12 months

3.468.532

3.892.287

3.828.968

. . . . Beyond 12 months

. . Other payables

10.703.962

15.328.782

17.571.801

. . . . Within 12 months

10.703.962

15.328.782

17.571.801

. . . . Beyond 12 months

Total accounts payable

560.629.611

583.362.132

591.368.302

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

227.999

337.592

511.396

Total adjustment accounts

227.999

337.592

511.396

TOTAL LIABILITIES

636.915.810

660.818.396

668.625.514

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

3.044.191

2.938.442

Risk accounts

175.800.608

175.800.608

Civil and fiscal norms relation

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

327.143.500

410.112.747

414.228.200

. Changes in work in progress

-10.255.398

2.347.195

-2.565.444

. Changes in semi-manufact. products

. Capitalization of internal work

3.790.822

4.749.566

4.910.415

. Other income and revenues

19.674.002

22.164.631

22.291.188

. . Contributions for operating expenses

1.338

10.546

. . Different income and revenues

19.674.002

22.163.293

22.280.642

Total value of production

340.352.926

439.374.139

438.864.359

PRODUCTION COSTS

. Raw material,other materials and consum.

199.495.354

276.878.146

264.831.265

. Services received

74.267.097

. Leases and rentals

62.720.417

73.812.787

4.095.421

. Payroll and related costs

52.542.878

57.113.886

58.753.174

. . Wages and salaries

36.905.451

39.845.030

41.177.215

. . Social security contributions

11.896.967

12.612.310

12.863.795

. . Employee termination indemnities

2.978.428

3.218.078

3.377.365

. . Pension and similar

. . Other costs

762.032

1.438.468

1.334.799

. Amortization and depreciation

27.299.829

34.524.624

29.833.783

. . Amortization of intangible fixed assets

18.060.709

19.138.132

19.175.121

. . Amortization of tangible fixed assets

4.838.621

4.704.080

4.604.714

. . Depreciation of tangible fixed assets

138.121

. . Writedown of current receiv.and of liquid

4.400.499

10.682.412

5.915.827

. Changes in raw materials

2.386.866

-2.339.537

947.527

. Provisions to risk reserves

4.245.608

. Other provisions

1.533.562

253.020

. Other operating costs

1.004.709

1.727.838

1.750.367

Total production costs

349.695.661

443.251.306

434.731.654

Diff. between value and cost of product.

-9.342.735

-3.877.167

4.132.705

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

27.575.426

21.939.702

18.665.858

. . In subsidiary companies

27.575.149

21.939.425

. . In associated companies

. . In other companies

277

277

. Other financial income

3.376.424

3.026.272

3.199.912

. . 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

3.376.424

3.026.272

. . . - Subsidiary companies

4.994

17.163

. . . - Associated companies

21.413

. . . - Holding companies

3.102.604

2.673.124

. . . - Other companies

268.826

314.572

. Interest and other financial expense

-21.557.609

-23.565.261

-24.774.135

. . Towards subsidiary companies

-1.562.257

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

21.557.609

23.565.261

Total financial income and expense

9.394.241

1.400.713

-2.908.365

ADJUSTMENTS TO FINANCIAL ASSETS

. Revaluations

7.923.323

8.345.321

6.722.048

. . Of equity investments

7.923.323

8.345.321

6.722.048

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

. . Of securities incl.among current assets

. Devaluation

-1.405.176

-2.941.788

-3.024.235

. . Of equity investments

-1.405.176

-2.941.788

-3.024.235

. . Of financial fixed assets (no equity inv)

. . Of securities included among current ass

Total adjustments to financial assets

6.518.147

5.403.533

3.697.813

EXTRAORDINARY INCOME AND EXPENSE

. Extraordinary income

155.203

841.412

2.362.013

. . Gains on disposals

. . Other extraordinary income

155.203

841.412

2.362.013

. Extraordinary expense

-9.439.172

-5.999.451

-11.869.737

. . Losses on disposals

. . Taxes relating to prior years

-1.590

-1.688

-116.145

. . Other extraordinary expense

-9.437.582

-5.997.763

-11.753.592

Total extraordinary income and expense

-9.283.969

-5.158.039

-9.507.724

Results before income taxes

-2.714.316

-2.230.960

-4.585.571

. Taxes on current income

-2.217.300

-3.769.797

-5.027.663

. . current taxes

-2.521.997

-1.806.302

-812.066

. . differed taxes(anticip.)

304.697

-1.963.495

-4.215.597

. Net income for the period

-497.016

1.538.837

442.092

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

-497.016

1.538.837

442.092

 

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

0,60

0,48

0,49

0,23

Elasticity Ratio

Units

0,40

0,52

0,51

0,73

Availability of stock

Units

0,06

0,08

0,07

0,18

Total Liquidity Ratio

Units

0,34

0,44

0,44

0,50

Quick Ratio

Units

0,01

0,01

0,01

0,03

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

11,98

12,47

8,98

2,39

Self Financing Ratio

Units

0,07

0,07

0,07

0,22

Capital protection Ratio

Units

0,87

0,81

0,83

0,72

Liabilities consolidation quotient

Units

0,03

0,04

0,51

0,23

Financing

Units

12,15

12,72

13,27

3,17

Permanent Indebtedness Ratio

Units

0,10

0,11

0,37

0,39

M/L term Debts Ratio

Units

0,03

0,04

0,31

0,13

Net Financial Indebtedness Ratio

Units

8,11

7,68

8,02

1,30

CORRELATION

Fixed assets ratio

Units

0,17

0,22

0,76

1,56

Current ratio

Units

0,46

0,59

0,84

1,22

Acid Test Ratio-Liquidity Ratio

Units

0,39

0,50

0,73

0,87

Structure's primary quotient

Units

0,12

0,14

0,14

0,86

Treasury's primary quotient

Units

0,02

0,02

0,02

0,04

Rate of indebtedness ( Leverage )

%

1380,86

1440,36

1500,74

448,01

Current Capital ( net )

Value

-300.769.871

-233.928.121

-63.160.924

486.040

RETURN

Return on Sales

%

8,19

8,79

7,31

3,43

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

%

-1,08

3,35

0,99

3,96

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

%

-5,88

-4,86

-10,29

11,84

Return on Investment ( R.O.I. )

%

-1,47

-0,59

0,62

4,25

Return/ Sales

%

-2,86

-0,95

1,00

4,11

Extra Management revenues/charges incid.

%

n.c.

n.c.

10,70

17,23

Cash Flow

Value

26.802.813

36.063.461

30.275.875

187.008

Operating Profit

Value

-9.342.735

-3.877.167

4.132.705

225.589

Gross Operating Margin

Value

22.202.702

32.181.019

34.219.508

370.750

MANAGEMENT

Credits to clients average term

Days

112,49

92,52

102,41

119,80

Debts to suppliers average term

Days

214,18

197,96

201,19

120,31

Average stock waiting period

Days

42,16

45,28

40,40

63,58

Rate of capital employed return ( Turnover )

Units

0,51

0,62

0,62

1,04

Rate of stock return

Units

8,54

7,95

8,91

5,63

Labour cost incidence

%

16,06

13,93

14,18

16,99

Net financial revenues/ charges incidence

%

2,87

0,34

-0,70

-1,67

Labour cost on purchasing expenses

%

15,03

12,89

13,51

17,79

Short-term financing charges

%

3,85

4,04

4,19

3,19

Capital on hand

%

194,78

161,13

161,41

95,87

Sales pro employee

Value

199.356

229.883

358.949

200.447

Labour cost pro employee

Value

32.018

32.014

50.912

34.557

 

 

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

:

860.796

Population living in the region

:

4.699.950

Number of families in the region

:

1.813.210

 

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

 

- per food products

:

456

- per non food products

:

2.052

- per energy consume

:

127

 

 


Sector Data

 

The values are calculated on a base of 441 significant companies.

The companies cash their credits on an average of 120 dd.

The average duration of suppliers debts is about 120 dd.

The sector's profitability is on an average of 3,43%.

The labour cost affects the turnover in the measure of 16,99%.

Goods are held in stock in a range of 64 dd.

The difference between the sales volume and the resources used to realize it is about 1,04.

The employees costs represent the 17,79% of the production costs.

 

 

Statistical Detrimental Data

 

Statistcally the trade activity shows periods of crisis.

The area is statistically considered lowly risky.

In the region 13.782 protested subjects are found; in the province they count to 2.673.

The insolvency index for the region is 0,30, , while for the province it is 0,31.

Total Bankrupt companies in the province : 2.982.

Total Bankrupt companies in the region : 16.714.

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.38

UK Pound

1

Rs.99.13

Euro

1

Rs.69.69

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

 

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

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

 

Unlimited

 

71-85

Aa

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

 

Large

 

56-70

A

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

 

Fairly Large

 

41-55

Ba

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

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

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

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

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

 

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

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

 

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.