MIRA INFORM REPORT

 

 

Report No. :

328447

Report Date :

22.06.2015

 

IDENTIFICATION DETAILS

 

Name :

ECOPROGETTI S.R.L.

 

 

Registered Office :

Via Dell'industria E Artigianato,   27/C, 35010 - Carmignano Di Brenta (PD)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

09.03.1998

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

·         General Mechanics

·         Manufacture of Electronic Components and Boards.

·         Electrical Installation

 

 

No. of Employees :

From 16 to 25

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

NOTES:

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

 

 

ECGC Country Risk Classification List – 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

 

ECOPROGETTI S.R.L.

 

Via Dell'industria E Artigianato,   27/C

 

35010 - Carmignano di Brenta (PD) -IT-

 

 

Summary

 

Fiscal Code

:

03324760283

Legal Form

:

Limited liability company

start of Activities

:

18/09/1998

Equity

:

2.500.000

Turnover Range

:

6.500.000/7.750.000

Number of Employees

:

from 16 to 25

 

 

Activity

 

·         General Mechanics

·         Manufacture of electronic components and boards

·         Electrical installation

 

 

Legal Data

 

Legal Form : Limited liability company

Fiscal Code : 03324760283

 

Chamber of Commerce no. : 305056 of Padova since 15/10/1998

 

Firms' Register : PD-1998-59416 of Padova since 15/10/1998

 

V.A.T. Code : 03324760283

 

Establishment date

: 09/03/1998

Start of Activities

: 18/09/1998

Legal duration

: 31/12/2050

Nominal Capital

: 10.400

Subscribed Capital

: 10.400

Paid up Capital

: 10.400

 

Legal mail :

INFO@PEC.ECOPROGETTISRL.NET

 

 

Members

 

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Verde.gif

Sartore

Domenico

 

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Vuoto.gif

Born in Carmignano di Brenta

(PD)

on 03/06/1960

- Fiscal Code : SRTDNC60H03B795R

 

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Vuoto.gif

Residence:

Roma

, 46

- 35010

Carmignano di Brenta

(PD)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole Director

03/02/2003

 

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Vuoto.gif

No Prejudicial events are reported

 

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Vuoto.gif

No Protests registered

 

 

Companies connected to members *

 

*checkings have been performed on a national scale.

 

In this module are listed the companies in which members hold or have holded positions.

 

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Verde.gif

Sartore

Domenico

 

Firm's Style

Sea

Fiscal Code

Position

Position Status

Firm's Status

Progressive Tecnology Enterprises S.r.l.

Brindisi (BR) - IT -

01776930743

Director

Withdrawn

Registered

Progressive Tecnology Enterprises S.r.l.

Brindisi (BR) - IT -

01776930743

Sole Director

Withdrawn

Registered

S.e. Project Di Sartore Domenico

San Pietro in Gu (PD) - IT -

SRTDNC60H03B795R

Proprietor

Withdrawn

Ceased

Reti S.r.l.

Marano Vicentino (VI) - IT -

01748400213

Director

Withdrawn

Registered

Reti S.r.l.

Marano Vicentino (VI) - IT -

01748400213

Sole Director

Active

Registered

Reti S.r.l.

Marano Vicentino (VI) - IT -

01748400213

Board Chairman

Withdrawn

Registered

Elettroimpianti A.r.ma. S.r.l.

Bussolengo (VR) - IT -

02195190232

Director

Withdrawn

Registered

Consorzio Insediamenti Produttivi Di Carmignano Di Brenta

Carmignano di Brenta (PD) - IT -

03659350288

Liquidator

Withdrawn

Ceased

Msm Solar S.r.l

Firenze (FI) - IT -

05769340489

Director

Withdrawn

Registered

Msm Solar S.r.l

Firenze (FI) - IT -

05769340489

Attorney with special power

Withdrawn

Registered

Societa' Agricola Solar Farm S.r.l.

Carmignano di Brenta (PD) - IT -

04224780280

Managing Director

Active

Registered

Societa' Agricola Solar Farm S.r.l.

Carmignano di Brenta (PD) - IT -

04224780280

Director

Active

Registered

Societa' Agricola Solar Farm S.r.l.

Carmignano di Brenta (PD) - IT -

04224780280

Board Chairman

Active

Registered

E. Sole S.r.l.

Marano Vicentino (VI) - IT -

03386730240

Sole Director

Active

Registered

V.s.1 S.r.l.

Carmignano di Brenta (PD) - IT -

03421650247

Director

Withdrawn

Registered

V.s.1 S.r.l.

Carmignano di Brenta (PD) - IT -

03421650247

Sole Director

Withdrawn

Registered

V.s.1 S.r.l.

Carmignano di Brenta (PD) - IT -

03421650247

Board Chairman

Withdrawn

Registered

V.s.2 S.r.l.

Marano Vicentino (VI) - IT -

03421670245

Director

Withdrawn

Registered

V.s.2 S.r.l.

Marano Vicentino (VI) - IT -

03421670245

Sole Director

Withdrawn

Registered

V.s.2 S.r.l.

Marano Vicentino (VI) - IT -

03421670245

Board Chairman

Withdrawn

Registered

V.s.3 S.r.l.

Marano Vicentino (VI) - IT -

03421680244

Director

Withdrawn

Registered

V.s.3 S.r.l.

Marano Vicentino (VI) - IT -

03421680244

Sole Director

Withdrawn

Registered

V.s.3 S.r.l.

Marano Vicentino (VI) - IT -

03421680244

Board Chairman

Withdrawn

Registered

V.s.4 S.r.l.

Marano Vicentino (VI) - IT -

03421940242

Sole Director

Withdrawn

Registered

V.s.5 S.r.l.

Marano Vicentino (VI) - IT -

03421690243

Sole Director

Withdrawn

Registered

Solon Servizi Energetici S.r.l.

Padova (PD) - IT -

03421700240

Sole Director

Withdrawn

Registered

Reco 2 S.r.l.

Marano Vicentino (VI) - IT -

03433680240

Sole Director

Active

Registered

Reco 2 S.r.l.

Marano Vicentino (VI) - IT -

03433680240

Responsible technician

Withdrawn

Registered

Reco 3 S.r.l.

Marano Vicentino (VI) - IT -

03433690249

Sole Director

Withdrawn

Registered

Agriambiente Energia S.r.l.

Palagiano (TA) - IT -

03713760233

Director

Withdrawn

Registered

Oria Solare S.r.l.

Vicenza (VI) - IT -

04408960286

Sole Director

Withdrawn

Registered

Centro Studi Villa Spessa Di Sartore Domenico

Carmignano di Brenta (PD) - IT -

SRTDNC60H03B795R

Proprietor

Active

Registered

Interporto Solare S.r.l.

Padova (PD) - IT -

04407730284

Sole Director

Withdrawn

Registered

Nociglia Solare 1 S.r.l.

Padova (PD) - IT -

04408930289

Sole Director

Withdrawn

Registered

Medi Sole Societa' Agricola S.r.l.

Padova (PD) - IT -

04408940288

Sole Director

Withdrawn

Registered

Nociglia Solare 3 S.r.l.

Padova (PD) - IT -

04408950287

Sole Director

Withdrawn

Registered

Fotosintesi 4 S.r.l.

Padova (PD) - IT -

04408970285

Sole Director

Withdrawn

Registered

Fotosintesi 1 S.r.l.

Padova (PD) - IT -

04407350281

Sole Director

Withdrawn

Registered

Fotosintesi 2 S.r.l.

Padova (PD) - IT -

04407360280

Sole Director

Withdrawn

Registered

Fotosintesi 3 S.r.l.

Milano (MI) - IT -

04407370289

Sole Director

Withdrawn

Registered

Sistema Lucano 1 S.r.l.

Genzano di Lucania (PZ) - IT -

01734260761

Director

Withdrawn

Registered

Sistema Lucano 2 S.r.l.

Genzano di Lucania (PZ) - IT -

01734270760

Director

Withdrawn

Registered

Sistema Lucano 3 S.r.l.

Genzano di Lucania (PZ) - IT -

01734280769

Director

Withdrawn

Registered

Cavicchi Solar S.r.l.

Roma (RM) - IT -

10409251005

Sole Director

Withdrawn

Registered

Sistema Solare S.r.l.

Genzano di Lucania (PZ) - IT -

03527640241

Director

Withdrawn

Registered

Sistema Solare S.r.l.

Genzano di Lucania (PZ) - IT -

03527640241

Board Chairman

Withdrawn

Registered

Solon Mesagne S.r.l.

Marano Vicentino (VI) - IT -

03557740242

Sole Director

Withdrawn

Registered

Cpower S.r.l.- In Liquidazione

Marano Vicentino (VI) - IT -

03558190249

Sole Director

Withdrawn

In liquidation

Cpower S.r.l.- In Liquidazione

Marano Vicentino (VI) - IT -

03558190249

Liquidator

Active

In liquidation

Solon S.p.a

Carmignano di Brenta (PD) - IT -

04039610284

Managing Director

Withdrawn

Registered

Solon S.p.a

Carmignano di Brenta (PD) - IT -

04039610284

Director

Withdrawn

Registered

Solon S.p.a

Carmignano di Brenta (PD) - IT -

04039610284

Sole Director

Withdrawn

Registered

Solon S.p.a

Carmignano di Brenta (PD) - IT -

04039610284

Responsible technician

Withdrawn

Registered

Solon S.p.a

Carmignano di Brenta (PD) - IT -

04039610284

Board Chairman

Withdrawn

Registered

Reco S.r.l.

San Pietro in Gu (PD) - IT -

04039620283

Managing Director

Withdrawn

Registered

Reco S.r.l.

San Pietro in Gu (PD) - IT -

04039620283

Director

Active

Registered

Reco S.r.l.

San Pietro in Gu (PD) - IT -

04039620283

Sole Director

Withdrawn

Registered

Reco S.r.l.

San Pietro in Gu (PD) - IT -

04039620283

Managing Director

Active

Registered

Cpower S.r.l.

Ferrara (FE) - IT -

01699020382

Director

Withdrawn

Registered

Cpower S.r.l.

Ferrara (FE) - IT -

01699020382

Legal representative

Withdrawn

Registered

Cpower S.r.l.

Ferrara (FE) - IT -

01699020382

Managing Director

Withdrawn

Registered

Cpower S.r.l.

Ferrara (FE) - IT -

01699020382

Board Chairman

Withdrawn

Registered

Estelux S.r.l. In Liquidazione

Padova (PD) - IT -

03363950241

Sole Director

Withdrawn

Registered

Estelux S.r.l. In Liquidazione

Padova (PD) - IT -

03363950241

Sole partner

Withdrawn

Registered

Ferrandina 2 S.r.l.

Padova (PD) - IT -

04430230286

Director

Withdrawn

Registered

Ferrandina 2 S.r.l.

Padova (PD) - IT -

04430230286

Board Chairman

Withdrawn

Registered

La Martella 2 S.r.l.

Padova (PD) - IT -

04430240285

Director

Withdrawn

Registered

La Martella 2 S.r.l.

Padova (PD) - IT -

04430240285

Board Chairman

Withdrawn

Registered

La Martella 3 S.r.l.

Padova (PD) - IT -

04430250284

Director

Withdrawn

Registered

La Martella 3 S.r.l.

Padova (PD) - IT -

04430250284

Board Chairman

Withdrawn

Registered

Ambrasol Srl

Galliera Veneta (PD) - IT -

04436170288

Director

Withdrawn

Registered

Fossalta 1 S.r.l. - In Liquidazione

Padova (PD) - IT -

04452000286

Sole Director

Withdrawn

Registered

Fossalta 3 S.r.l.

Padova (PD) - IT -

04452020284

Sole Director

Withdrawn

Registered

Fossalta 2 S.r.l. - In Liquidazione

Padova (PD) - IT -

04452010285

Sole Director

Withdrawn

Registered

Epi Energie Rinnovabili I S.r.l.

Padova (PD) - IT -

04480620287

Sole Director

Withdrawn

Registered

Epi Energie Rinnovabili Ii S.r.l.

Padova (PD) - IT -

04480650284

Sole Director

Withdrawn

Registered

Sistema Lucano 4 S.r.l.

Locorotondo (BA) - IT -

01749570766

Director

Withdrawn

Registered

Sistema Lucano 5 S.r.l.

Genzano di Lucania (PZ) - IT -

01749580765

Director

Withdrawn

Registered

Sistema Lucano 6 S.r.l.

Genzano di Lucania (PZ) - IT -

01749590764

Director

Withdrawn

Registered

Sistema Lucano 7 S.r.l.

Genzano di Lucania (PZ) - IT -

01749600761

Director

Withdrawn

Registered

Sistema Lucano 8 S.r.l.

Genzano di Lucania (PZ) - IT -

01749610760

Director

Withdrawn

Registered

Trea S.r.l.

Carmignano di Brenta (PD) - IT -

04435480282

Sole Director

Active

Registered

Euroline 2 S.r.l.

Matera (MT) - IT -

01200880779

Sole 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

Sartore Domenico

Carmignano di Brenta - IT -

SRTDNC60H03B795R

6.240 .Eur

60,00

Gallio Giuliana

GLLGLN63A55L840V

2.080 .Eur

20,00

Sgarbossa Manuel

SGRMNL75S07C743U

2.080 .Eur

20,00

 

 

Direct Participations

 

The Company under review has no participations in other Companies.



Firm's location and structure

 

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

 

-

Legal and operative seat

 

Dell'industria E Artigianato

, 27/C

- 35010

- Carmignano di Brenta

(PD)

- IT -

 

Legal mail

: INFO@PEC.ECOPROGETTISRL.NET

 

-

Branch

since 01/10/2009

 

Dell'industria E Artigiana

, SNC

- 35010

- Carmignano di Brenta

(PD)

- IT -

 

PHONE

: 0495991959

 

Employees

: 22

 

Fittings and Equipment for a value of 1.190.000

Eur

 

Stocks for a value of 1.210.000

Eur

 

 

Protests

 

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

 

 

Data Base Prejudicial Events Search

 

Search performed on a National Scale

 

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Verde.gif

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 1998

The eonomic-financial analysis is based on the latest 3 b/s.

Unstable economic results mark the company's financial state of affairs. with a profit (r.o.e. 3,34%) in the last financial year In the last financial year an increase in the turnover has been registered (+9,1%).

The operating result is negative.

The operating loss amounts to Eur. -16.088 .

During the latest financial year the gross operating margin amounted to Eur. 152.002 with a -91,38% fall.

The financial status of the company is fairly balanced with an indebtedness level of 1,49 with an improving trend as on the decrease.

With regard to equity capital, an amount of Eur. 2.074.215 is registered. , unchanged if compared to 2012.

In the year 2013 total debts amounted to Eur. 4.192.695 with a downward trend if compared to the preceding year (-21,11%).

Moderate recourse to bank credit while the exposure towards suppliers is rather high however still within the sector's average.

Liquidity is good (1,14)

Trade credits average terms are slow, on average 103,56 days. but in line with the sector.

During financial year 2013 the cash flow amounted to Eur. 237.317

Labour cost expenses amount to Eur. 1.127.890 , representing 18,23% on the total of production costs. , with a 16,75% incidence on turnover.

The incidence of the financial charges is of -0,87% on the sales amount.



Financial Data

 

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Verde.gif

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

6.734.847

Profit (Loss) for the period

69.227

 

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Verde.gif

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

6.172.572

Profit (Loss) for the period

-39.217

 

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Verde.gif

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

10.633.180

Profit (Loss) for the period

979.738

 

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Verde.gif

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

11.267.323

Profit (Loss) for the period

155.589




Balance Sheets

 

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

 

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

 

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

 

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

 

Years

2013

2012

2011

BALANCE SHEET ACCOUNTS

 

ASSETS

CREDITS VS PARTNERS

. Deposits not yet withdrawn

. Deposits already withdrawn

Total credits vs partners

FIXED ASSETS

. INTANGIBLE FIXED ASSETS

. . Start-up and expansion expenses

. . Research,develop. and advert.expens.

. . Industrial patent rights

1.745

3.740

. . Concessions,licenses,trademarks,etc.

7.493

8.054

8.615

. . Goodwill

. . Assets in formation and advance paymen.

10.224

8.574

5.964

. . Other intangible fixed assets

629.218

1.643.544

1.188.850

. Total Intangible Fixed Assets

646.935

1.661.917

1.207.169

. TANGIBLE FIXED ASSETS

. . Real estate

. . Plant and machinery

1.179.855

1.254.006

2.384.972

. . Industrial and commercial equipment

8.288

15.840

25.858

. . Other assets

109.575

120.697

78.315

. . Assets under construction and advances

962.414

58.794

. Total Tangible fixed assets

2.260.132

1.390.543

2.547.939

. FINANCIAL FIXED ASSETS

. . Equity investments

33.023

13.000

. . . Equity invest. in subsidiary companies

4.659

. . . Equity invest. in associated companies

28.364

13.000

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

. . Financial receivables

3.350

. . . . Within 12 months

. . . . Beyond 12 months

3.350

. . . Receivab due from subsidiaries

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from assoc.comp.

3.350

. . . . Within 12 months

. . . . Beyond 12 months

3.350

. . . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from third parties

. . . . Within 12 months

. . . . Beyond 12 months

. . Other securities

. . Own shares

. . . Total nominal value

. Total financial fixed assets

36.373

13.000

Total fixed assets

2.943.440

3.065.460

3.755.108

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

895.812

441.486

401.256

. . Work in progress and semimanufactured

255.752

. . Work in progress on order

. . Finished goods

314.165

1.020.879

1.914.152

. . Advance payments

. Total Inventories

1.209.977

1.718.117

2.315.408

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

2.313.218

2.520.062

4.996.790

. . Beyond 12 months

125

. . Trade receivables

1.937.475

2.061.055

4.374.371

. . . . Within 12 months

1.937.475

2.061.055

4.374.371

. . . . Beyond 12 months

. . Receivables due from subsid. comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

69

5.650

. . . . Within 12 months

69

5.650

. . . . Beyond 12 months

. . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Fiscal Receivables

70.908

153.327

54.481

. . . . Within 12 months

70.908

153.327

54.481

. . . . Beyond 12 months

. . Receivables for anticipated taxes

157

23.196

2.222

. . . . Within 12 months

157

23.196

2.222

. . . . Beyond 12 months

. . Receivables due from third parties

304.609

276.834

565.841

. . . . Within 12 months

304.609

276.834

565.716

. . . . Beyond 12 months

125

. Total Credits not held as fixed assets

2.313.218

2.520.062

4.996.915

. FINANCIAL ASSETS

. . Equity invest. in subsidiary comp.

4.659

1.403.000

. . Equity invest. in associated companies

. . Equity invest. in holding companies

. . Other equity investments

6

. . Own shares

. . . Total nominale value

. . Other securities

. Total Financial Assets

4.665

1.403.000

. LIQUID FUNDS

. . Bank and post office deposits

14.799

563.353

69.088

. . Checks

10.000

. . Banknotes and coins

3.919

1.875

1.630

. Total Liquid funds

18.718

575.228

70.718

Total current assets

3.541.913

4.818.072

8.786.041

ADJUSTMENT ACCOUNTS

. Discount on loans

60.287

38.694

32.427

. Other adjustment accounts

Total adjustments accounts

60.287

38.694

32.427

TOTAL ASSETS

6.545.640

7.922.226

12.573.576

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

10.400

10.400

10.400

. Additional paid-in capital

. Revaluation reserves

. Legal reserve

2.080

2.080

2.080

. Reserve for Own shares

. Statute reserves

. Other reserves

1.992.508

2.031.723

1.051.986

. Accumulated Profits (Losses)

. Profit( loss) of the year

69.227

-39.217

979.738

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

2.074.215

2.004.986

2.044.204

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

23.290

23.290

20.040

. . Taxation fund, also differed

4.585

304.362

320.998

. . Other funds

Total Reserves for Risks and Charges

27.875

327.652

341.038

Employee termination indemnities

234.036

198.904

156.079

ACCOUNTS PAYABLE

. . . . Within 12 months

3.100.576

5.314.733

9.128.109

. . . . Beyond 12 months

1.092.119

814.000

. . Bonds

. . . . Within 12 months

. . . . Beyond 12 months

. . Convertible bonds repayable

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to shareholders for financing

588.000

338.100

60.000

. . . . Within 12 months

338.100

60.000

. . . . Beyond 12 months

588.000

. . Due to banks

789.128

895.954

1.973.453

. . . . Within 12 months

589.128

895.954

1.973.453

. . . . Beyond 12 months

200.000

. . Due to other providers of finance

9.215

12.050

. . . . Within 12 months

2.950

12.050

. . . . Beyond 12 months

6.265

. . Advances from customers

19.317

832.540

393.481

. . . . Within 12 months

19.317

832.540

393.481

. . . . Beyond 12 months

. . Trade payables

1.524.532

2.182.379

5.274.257

. . . . Within 12 months

1.524.532

2.182.379

5.274.257

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

42.035

. . . . Within 12 months

42.035

. . . . Beyond 12 months

. . Due to associated companies

67.614

. . . . Within 12 months

67.614

. . . . Beyond 12 months

. . Due to holding companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to the tax authorities

268.884

265.697

146.431

. . . . Within 12 months

182.423

265.697

146.431

. . . . Beyond 12 months

86.461

. . Due to social security and welfare inst.

184.051

132.779

35.824

. . . . Within 12 months

184.051

132.779

35.824

. . . . Beyond 12 months

. . Other payables

699.919

655.234

2.058.663

. . . . Within 12 months

488.526

655.234

1.244.663

. . . . Beyond 12 months

211.393

814.000

Total accounts payable

4.192.695

5.314.733

9.942.109

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

16.819

75.951

90.146

Total adjustment accounts

16.819

75.951

90.146

TOTAL LIABILITIES

6.545.640

7.922.226

12.573.576

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

1.617.139

1.663.018

Risk accounts

60.000

102.000

-180.000

Civil and fiscal norms relation

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

6.734.847

6.172.571

10.633.178

. Changes in work in progress

-962.466

-637.522

210.519

. Changes in semi-manufact. products

. Capitalization of internal work

609.654

. Other income and revenues

400.187

372.562

836.853

. . Contributions for operating expenses

51.798

50.127

94.808

. . Different income and revenues

348.389

322.435

742.045

Total value of production

6.172.568

5.907.611

12.290.204

PRODUCTION COSTS

. Raw material,other materials and consum.

3.792.864

1.517.289

7.087.846

. Services received

. Leases and rentals

1.475.744

1.625.521

2.695.346

. Payroll and related costs

1.127.890

944.104

841.810

. . Wages and salaries

793.557

675.566

618.148

. . Social security contributions

264.858

201.522

173.186

. . Employee termination indemnities

52.621

50.024

44.372

. . Pension and similar

. . Other costs

16.854

16.992

6.104

. Amortization and depreciation

168.090

355.150

330.716

. . Amortization of intangible fixed assets

54.218

150.699

73.460

. . Amortization of tangible fixed assets

113.872

193.880

238.169

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

10.571

19.087

. Changes in raw materials

-454.326

-40.230

-305.791

. Provisions to risk reserves

. Other provisions

. Other operating costs

78.394

96.931

296.433

Total production costs

6.188.656

4.498.765

10.946.360

Diff. between value and cost of product.

-16.088

1.408.846

1.343.844

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

21.120

70

1.549

. . 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

21.120

70

1.549

. . . - Subsidiary companies

. . . - Associated companies

. . . - Holding companies

. . . - Other companies

21.120

70

1.549

. Interest and other financial expense

-80.009

-120.080

-88.374

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

80.009

120.080

88.374

Total financial income and expense

-58.889

-120.010

-86.825

ADJUSTMENTS TO FINANCIAL ASSETS

. Revaluations

. . Of equity investments

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

. . Of securities incl.among current assets

. Devaluation

. . Of equity investments

. . Of financial fixed assets (no equity inv)

. . Of securities included among current ass

Total adjustments to financial assets

EXTRAORDINARY INCOME AND EXPENSE

. Extraordinary income

190.467

177.380

214.190

. . Gains on disposals

. . Other extraordinary income

190.467

177.380

214.190

. Extraordinary expense

-1.443.922

-74.403

. . Losses on disposals

-1.399.225

-674

. . Taxes relating to prior years

. . Other extraordinary expense

-44.697

-73.729

Total extraordinary income and expense

190.467

-1.266.542

139.787

Results before income taxes

115.490

22.294

1.396.806

. Taxes on current income

46.263

61.511

417.068

. . current taxes

28.167

82.449

207.454

. . differed taxes(anticip.)

18.096

-20.938

209.614

. Net income for the period

69.227

-39.217

979.738

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

69.227

-39.217

979.738

 

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

0,45

0,39

0,30

0,24

Elasticity Ratio

Units

0,54

0,61

0,70

0,73

Availability of stock

Units

0,18

0,22

0,18

0,13

Total Liquidity Ratio

Units

0,36

0,39

0,51

0,54

Quick Ratio

Units

0,00

0,07

0,12

0,03

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

1,49

2,36

4,43

3,02

Self Financing Ratio

Units

0,32

0,25

0,16

0,19

Capital protection Ratio

Units

0,96

1,01

0,52

0,67

Liabilities consolidation quotient

Units

0,43

0,04

0,11

0,21

Financing

Units

2,02

2,65

4,86

3,82

Permanent Indebtedness Ratio

Units

0,52

0,28

0,24

0,37

M/L term Debts Ratio

Units

0,20

0,03

0,08

0,12

Net Financial Indebtedness Ratio

Units

0,66

0,33

0,96

0,54

CORRELATION

Fixed assets ratio

Units

1,16

0,72

0,80

1,36

Current ratio

Units

1,14

0,91

0,96

1,15

Acid Test Ratio-Liquidity Ratio

Units

0,75

0,58

0,71

0,90

Structure's primary quotient

Units

0,70

0,65

0,54

0,80

Treasury's primary quotient

Units

0,01

0,11

0,16

0,05

Rate of indebtedness ( Leverage )

%

315,57

395,13

615,08

522,79

Current Capital ( net )

Value

441.337

-496.661

-342.068

137.035

RETURN

Return on Sales

%

3,52

5,12

12,32

4,19

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

%

3,34

-1,96

47,93

6,82

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

%

5,57

1,11

68,33

21,82

Return on Investment ( R.O.I. )

%

-0,25

17,78

10,69

5,32

Return/ Sales

%

-0,24

22,82

12,64

4,80

Extra Management revenues/charges incid.

%

n.c.

-2,78

72,91

24,34

Cash Flow

Value

237.317

315.933

1.310.454

122.584

Operating Profit

Value

-16.088

1.408.846

1.343.844

134.039

Gross Operating Margin

Value

152.002

1.763.996

1.674.560

232.049

MANAGEMENT

Credits to clients average term

Days

103,56

120,21

148,10

113,47

Debts to suppliers average term

Days

111,66

249,99

194,08

128,87

Average stock waiting period

Days

64,68

100,20

78,39

41,22

Rate of capital employed return ( Turnover )

Units

1,03

0,78

0,85

1,15

Rate of stock return

Units

5,57

3,59

4,59

8,63

Labour cost incidence

%

16,75

15,30

7,92

23,26

Net financial revenues/ charges incidence

%

-0,87

-1,94

-0,82

-1,36

Labour cost on purchasing expenses

%

18,23

20,99

7,69

23,52

Short-term financing charges

%

1,91

2,26

0,89

2,74

Capital on hand

%

97,19

128,35

118,25

87,13

Sales pro employee

Value

192.424

212.847

408.968

150.278

Labour cost pro employee

Value

32.225

32.555

32.377

33.017

 

 

Remarks

 

1) Protests checking (relative to the last five years) performed by crossing and matching the members names and the Firm's Style with the reported addresses, is supplied by the Informatic Registry managed by the Italian Chamber of Commerce. If the fiscal code is not indicated, the eventual homonymous cases are submitted to expert staff evaluation in order to limit wrong matching risks.

 

2) The Legal Data, supplied and retrived from the Firm's Registry of the Italian Chamber of Commerce, are in line with the last registered modifications.

 

3) Risk evaluation and Credit Opinion have been performed on the base of the actual data at the moment of their availability.

 

 

Market / Territory Data

 

Population living in the province

:

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Spazio.gif882.779

Population living in the region

:

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Spazio.gif4.699.950

Number of families in the region

:

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Spazio.gif1.813.210

 

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

 

- per food products

:

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Spazio.gif456

- per non food products

:

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Spazio.gif2.052

- per energy consume

:

Description: C:\Users\user\AppData\Local\Temp\Rar$EXa0.881\Spazio.gif127

 

 

Sector Data

 

The values are calculated on a base of 3.083 significant companies.

The companies cash their credits on an average of 113 dd.

The average duration of suppliers debts is about 129 dd.

The sector's profitability is on an average of 4,19%.

The labour cost affects the turnover in the measure of 23,26%.

Goods are held in stock in a range of 41 dd.

The difference between the sales volume and the resources used to realize it is about 1,15.

The employees costs represent the 23,52% of the production costs.

 

 

Statistical Detrimental Data

 

Statistcally the trade activity shows periods of crisis.

The area is statistically considered moderately risky.

In the region 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.63.82

UK Pound

1

Rs.101.26

Euro

1

Rs.72.36

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ANK

 

 

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

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

 

Unlimited

 

71-85

Aa

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

 

Large

 

56-70

A

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

 

Fairly Large

 

41-55

Ba

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

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

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

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

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

 

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

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

 

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

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