MIRA INFORM REPORT

 

 

Report No. :

323253

Report Date :

20.05.2015

 

IDENTIFICATION DETAILS

 

Name :

LIU.JO S.P.A.

 

 

Registered Office :

Viale John Ambrose Fleming, 17

41012 – Carpi (MO)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

11.10.1995

 

 

Legal Form :

Joint stock company

 

 

Line of Business :

Manufacture of Textiles

 

 

No. of Employees :

From 500 to 750

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES:

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

 

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Italy

A2

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

 

Liu.jo S.p.a.

 

Viale John Ambrose Fleming, 17

41012 – Carpi (MO) -IT-

 

 

Summary

 

Fiscal Code

:

02322360369

Legal Form

:

Joint stock company

start of Activities

:

11/10/1995

Equity

:

Over 2.582.254

Turnover Range

:

over 129.114.224

Number of Employees

:

from 500 to 750

 

 

Activity

 

MANUFACTURE OF TEXTILES

Manufacture of apparel (except fur apparel)

Manufacture of other knitted and crocheted apparel

Retail sale of clothing in specialised stores

Retail sale of shirts, underwear and knitwear

 

 

Legal Data

 

Legal Form : Joint stock company

Fiscal Code : 02322360369

 

Foreign Trade Reg. no.      : MO034452 since 14/04/2000

Chamber of Commerce no. : 232033 of Alessandria

Chamber of Commerce no. : 410803 of Bergamo

Chamber of Commerce no. : 424751 of Bologna since 04/03/2002

Chamber of Commerce no. : 469258 of Brescia

Chamber of Commerce no. : 290511 of Caserta

Chamber of Commerce no. : 531296 of Firenze

Chamber of Commerce no. : 135552 of Livorno

Chamber of Commerce no. : 187295 of Lucca

Chamber of Commerce no. : 1589996 of Milano

Chamber of Commerce no. : 222672 of Mantova

Chamber of Commerce no. : 281639 of Modena since 23/11/1995

Chamber of Commerce no. : 732662 of Napoli

Chamber of Commerce no. : 283445 of Palermo

 

Chamber of Commerce no. : 411472 of Padova

Chamber of Commerce no. : 487853 of Prato

Chamber of Commerce no. : 250465 of Parma

Chamber of Commerce no. : 155414 of Pesaro

Chamber of Commerce no. : 176530 of Ravenna

Chamber of Commerce no. : 203135 of Ravenna

Chamber of Commerce no. : 205511 of Reggio Emilia

Chamber of Commerce no. : 1047999 of Roma

Chamber of Commerce no. : 283364 of Rimini

Chamber of Commerce no. : 1178698 of Torino

Chamber of Commerce no. : 363139 of Venezia

Chamber of Commerce no. : 302390 of Verona

Firms' Register : MO023-42600 of Modena since 19/02/1996

V.A.T. Code : 02322360369

 

Establishment date

: 11/10/1995

Start of Activities

: 11/10/1995

Legal duration

: 31/12/2050

Nominal Capital

: 5.000.000

Subscribed Capital

: 5.000.000

Paid up Capital

: 5.000.000

 

Legal mail :

AMMINISTRAZIONE.LIUJO@PEC.IT

 

 

Members

 

Marchi

Vannis

 

Born in Carpi

(MO)

on 22/10/1947

- Fiscal Code : MRCVNS47R22B819Q

 

Residence:

Amendola

, 3/A

- 41012

Carpi

(MO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

22/07/2013

Board Chairman

22/07/2013

Managing Director

22/07/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Marchi

Marco

 

Born in Carpi

(MO)

on 05/10/1962

- Fiscal Code : MRCMRC62R05B819M

 

Residence:

Amendola

, 1

- 41012

Carpi

(MO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

22/07/2013

Assistant board Chairman

22/07/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Sgarbi

Andrea

 

Born in Reggio Emilia

(RE)

on 23/09/1961

- Fiscal Code : SGRNDR61P23H223I

 

Residence:

Meloni Di Quartirolo

, 98

- 41012

Carpi

(MO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Auditor

22/07/2013

 

 

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.

 

 

Marchi Vannis

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Depeche Mode Societa' A Responsabilita'Limitata Abbreviabile In Depeche Mode

Carpi (MO) - IT -

01704190360

Managing Director

Withdrawn

Ceased

Depeche Mode Societa' A Responsabilita'Limitata Abbreviabile In Depeche Mode

Carpi (MO) - IT -

01704190360

Director

Withdrawn

Ceased

Depeche Mode Societa' A Responsabilita'Limitata Abbreviabile In Depeche Mode

Carpi (MO) - IT -

01704190360

Board Chairman

Withdrawn

Ceased

Confezioni Maglierie *carpi Viva S.r.l.

Carpi (MO) - IT -

01781020365

Liquidator

Withdrawn

Ceased

Fantasie Tricot S.r.l.

Carpi (MO) - IT -

02004280364

Chairman

Withdrawn

Registered

Fantasie Tricot S.r.l.

Carpi (MO) - IT -

02004280364

Sole Director

Active

Registered

MAGLIFICIO *GIORDANO SOCIETA' A RESPONSABILITA' LIMITATA

Carpi (MO) - IT -

01908970369

Director

Withdrawn

Registered

Finvamar S.r.l.

Carpi (MO) - IT -

01934450360

Chairman

Active

Registered

Ceramica Pe.de. S.r.l.

Sassuolo (MO) - IT -

02564810360

Director

Withdrawn

Registered

Morley - Societa' A Responsabilita' Limitata

Roma (RM) - IT -

06668831008

Director

Withdrawn

Registered

Morley - Societa' A Responsabilita' Limitata

Roma (RM) - IT -

06668831008

Assistant board Chairman

Withdrawn

Registered

Depeche S.r.l.

Carpi (MO) - IT -

03042600365

Managing Director

Withdrawn

Registered

Depeche S.r.l.

Carpi (MO) - IT -

03042600365

Director

Withdrawn

Registered

Depeche S.r.l.

Carpi (MO) - IT -

03042600365

Sole Director

Active

Registered

Depeche S.r.l.

Carpi (MO) - IT -

03042600365

Board Chairman

Withdrawn

Registered

Andimar S.r.l. In Liquidazione

Modena (MO) - IT -

03201480369

Managing Director

Withdrawn

Registered

Andimar S.r.l. In Liquidazione

Modena (MO) - IT -

03201480369

Director

Withdrawn

Registered

Andimar S.r.l. In Liquidazione

Modena (MO) - IT -

03201480369

Sole Director

Withdrawn

Registered

Andimar S.r.l. In Liquidazione

Modena (MO) - IT -

03201480369

Assistant board Chairman

Withdrawn

Registered

Andimar S.r.l. In Liquidazione

Modena (MO) - IT -

03201480369

Liquidator

Withdrawn

Registered

Na.jo S.r.l.

Carpi (MO) - IT -

02804100366

Sole Director

Withdrawn

Ceased

Portovenere S.r.l.

Modena (MO) - IT -

03362840369

Sole Director

Active

Registered

Portovenere S.r.l.

Modena (MO) - IT -

03362840369

Sole partner

Active

Registered

Brando Societa' A Responsabilita' Limitata

Carpi (MO) - IT -

03484850361

Director

Withdrawn

Registered

V.g.a. Srl

Carpi (MO) - IT -

03519250363

Managing Director

Active

Registered

V.g.a. Srl

Carpi (MO) - IT -

03519250363

Director

Active

Registered

V.g.a. Srl

Carpi (MO) - IT -

03519250363

Board Chairman

Active

Registered

L.j Volley - Societa' Sportiva Dilettantistica A Responsabilita' Limitata

Modena (MO) - IT -

03519300366

Director

Active

Registered

L.j Volley - Societa' Sportiva Dilettantistica A Responsabilita' Limitata

Modena (MO) - IT -

03519300366

Board Chairman

Active

Registered

 

Marchi  Marco

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Depeche Mode Societa' A Responsabilita'Limitata Abbreviabile In Depeche Mode

Carpi (MO) - IT -

01704190360

Chairman

Withdrawn

Ceased

Depeche Mode Societa' A Responsabilita'Limitata Abbreviabile In Depeche Mode

Carpi (MO) - IT -

01704190360

Director

Withdrawn

Ceased

Fantasie Tricot S.r.l.

Carpi (MO) - IT -

02004280364

Vice-Chairman

Withdrawn

Registered

MAGLIFICIO *GIORDANO SOCIETA' A RESPONSABILITA' LIMITATA

Carpi (MO) - IT -

01908970369

Director

Withdrawn

Registered

Finvamar S.r.l.

Carpi (MO) - IT -

01934450360

Director

Active

Registered

Consul Secur S.r.l. ** In Liquidazione**

Cordenons (PN) - IT -

02308790365

Director

Withdrawn

Ceased

Ceramica Pe.de. S.r.l.

Sassuolo (MO) - IT -

02564810360

Director

Withdrawn

Registered

Querelle Di Marchi Marco

Carpi (MO) - IT -

MRCMRC62R05B819M

Proprietor

Withdrawn

Ceased

Depeche S.r.l.

Carpi (MO) - IT -

03042600365

Director

Withdrawn

Registered

Campusdellamoda S.r.l.

Carpi (MO) - IT -

03246210367

Director

Withdrawn

Registered

Liu.jo Rer Retail S.r.l.

Milano (MI) - IT -

07824270966

Director

Active

Registered

Mia S.r.l.

Carpi (MO) - IT -

03539030365

Sole Director

Active

Registered

Mia S.r.l.

Carpi (MO) - IT -

03539030365

Sole partner

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

Marchi Vannis

Carpi - IT -

MRCVNS47R22B819Q

1.840.035 .Eur

36,80

Marchi Marco

Carpi - IT -

MRCMRC62R05B819M

2.541.000 .Eur

50,82

Liu.jo S.p.a.

Carpi - IT -

02322360369

618.965 .Eur

12,37

 

 

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

Liu.jo S.p.a.

Carpi - IT -

02322360369

618.965 .Eur

12,37

Active

Liu.jo Rer Retail S.r.l.

Milano - IT -

07824270966

60.000 .Eur

60,00

Active

I Gigli

Campi Bisenzio - IT -

04799320488

Active

 

 

Firm's location and structure

 

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

 

- Legal and operative seat (Factory)

 

   John Ambrose Fleming      , 17       - 41012        - Carpi            (MO)     - IT -

 

  Email : AMMINISTRAZIONE.LIUJO@PEC.IT

 

  Legal mail : AMMINISTRAZIONE.LIUJO@PEC.IT

 

- Branch (Store) since 18/10/2010

 

   Watt , 1/11 - 41012 - Carpi (MO) - IT -

 

  Total Surface: 30 Sq.mt.

 

- Branch (Branch) since 10/08/2012

 

   Heinrich - Kley - Strasse , 6 - Monaco - IT -

 

  Trading Style: LIU.JO SPA - GERMAN BRANCH

 

- Branch (Branch) since 20/09/2012

 

   Paseo De Gracia , 51 - Barcellona - IT -

 

- Branch (Shop) since 08/03/2012

 

   Della Moda          , 1/H7   - 15069                  - Serravalle Scrivia           (AL)      - IT -

 

  Total Surface: 242 Sq.mt.

 

- Branch (Shop) since 05/03/2012

 

   Xx Settembre , 39 - 24100 - Bergamo (BG) - IT -

 

  Total Surface: 149 Sq.mt.

 

- Branch (Shop) since 29/03/2013

 

   Portico      , 71      - 24050           - Orio Al Serio          (BG)     - IT -

 

  Total Surface: 47 Sq.mt.

 

- Branch (Shop) since 07/02/2002

 

   Maggiore , 2G/H - 40100 - Bologna (BO) - IT -

 

  Total Surface: 186 Sq.mt.

 

- Branch (Store) since 01/08/2012

 

   Pescherie Vecchie , 2 - 40100 - Bologna        (BO)        - IT -

 

- Branch (Shop) since 31/07/2005

 

   Palestro , 16 - 25100 - Brescia (BS) - IT -

 

  Total Surface: 170 Sq.mt.

 

- Branch (Shop) since 30/07/2002

 

   Calimala , 14/R - 50100 - Firenze (FI) - IT -

 

  Total Surface: 40 Sq.mt.

 

- Branch (Store) since 16/03/2009

 

   Porta Rossa - Piano Primo     , 4        - 50100   - Firenze           (FI)       - IT -

 

- Branch (Shop) since 16/10/2010

 

   Calimala , 2-8/R-12 - 50100 - Firenze (FI) - IT -

 

  Total Surface: 245 Sq.mt.

 

- Branch (Shop) since 02/06/2007

 

   G.carducci , 55 - 55042 - Forte dei Marmi (LU) - IT -

 

  Total Surface: 65 Sq.mt.

 

- Branch (Shop) since 30/08/2005

 

   Vittorio Emanuele Ii , 30 - 20100 - Milano (MI) - IT -

 

  Total Surface: 417 Sq.mt.

 

- Branch (Showroom) since 26/10/2009

 

   Tortona , 37 - 20100 - Milano (MI) - IT -

 

- Branch  since 20/02/2011

 

   Cinque Giornate , 1 - 20100 - Milano (MI) - IT -

 

- Branch (Shop) since 03/07/2010

 

   Marco Biagi          , SNC   - 46031                  - Bagnolo San Vito         (MN)     - IT -

 

  Total Surface: 253 Sq.mt.

 

- Branch (Shop) since 31/03/2010

 

   Della Liberta' , 20/D-E-F - 90100 - Palermo (PA) - IT -

 

  Total Surface: 125 Sq.mt.

 

- Branch (Store) since 01/10/2011

 

   Messina , 4 - 90100 - Palermo (PA) - IT -

 

- Branch (Shop) since 05/01/2013

 

   San Fermo , 7/9 - 35100 - Padova (PD) - IT -

 

  Total Surface: 76 Sq.mt.

 

- Branch (Shop) since 01/09/2010

 

   Della Repubblica , 12 - 43100 - Parma (PR) - IT -

 

  Trading Style: LIU.JO

 

  Total Surface: 201 Sq.mt.

 

- Branch (office) since 19/09/2002

 

   Xxiii Gennaio , 99 - 61049 - Urbania (PS) - IT -

 

- Branch (Shop) since 01/12/2012

 

   Gramsci , 69/A - 48015 - Cervia (RA) - IT -

 

  Total Surface: 66 Sq.mt.

 

- Branch (Shop) since 07/08/2003

 

   Emilia S.stefano       , 2/F     - 42100             - Reggio Emilia    (RE)      - IT -

 

  Total Surface: 52 Sq.mt.

 

- Branch (office) since 01/12/2008

 

   Emilia S.stefano      , 14      - 42100            - Reggio Emilia     (RE)      - IT -

 

- Branch (Shop) since 03/01/2006

 

   Del Corso 137 E 137/a - 00100 - Roma (RM) - IT -

 

  Total Surface: 150 Sq.mt.

 

- Branch (Shop) since 16/05/2006

 

   V.dell'aereoporto Di Fiumicino        , 320     - 00054      - Fiumicino        (RM)     - IT -

 

  Total Surface: 75 Sq.mt.

 

- Branch (Shop) since 24/05/2011

 

   Cola Di Rienzo , 254-256- - 00100 - Roma (RM) - IT -

 

  Total Surface: 154 Sq.mt.

 

- Branch (Shop) since 13/10/2012

 

   Di Vigna Stelluti               , 194/196          - 00100         - Roma (RM)     - IT -

 

  Total Surface: 47 Sq.mt.

 

- Branch (Shop) since 03/11/2012

 

   Europa , 77 - 00100 - Roma (RM) - IT -

 

  Total Surface: 50 Sq.mt.

 

- Branch (Shop) since 19/10/2013

 

   Europa , 51/53 - 00100 - Roma (RM) - IT -

 

  Total Surface: 104 Sq.mt.

 

- Branch (Shop) since 07/06/2001

 

   I. Nievo , 8/10/12 - 47036 - Riccione (RN) - IT -

 

  Total Surface: 110 Sq.mt.

 

- Branch (office) since 01/01/2011

 

   Al Mare , 679 - 47048 - San Giovanni in Marignano (RN) - IT -

 

- Branch (Store) since 01/06/2013

 

   Ippolito Nievo      , 31      - 47036     - Riccione            (RN)      - IT -

 

- Branch (Store) since 05/08/2013

 

   Crea , 10 - 10095 - Grugliasco (TO) - IT -

 

  Total Surface: 44 Sq.mt.

 

- Branch  since 01/03/2012

 

   Cannaregio , 5787 - 30100 - Venezia (VE) - IT -

 

- Branch (Shop) since 24/08/2013

 

   Luigi Broglio    , 8        - 30100    - Venezia      (VE)      - IT -

 

  Total Surface: 42 Sq.mt.

 

- Branch (Shop) since 01/03/2000

 

   Mazzini , 80 - 37100 - Verona (VR) - IT -

 

  Total Surface: 72 Sq.mt.

 

- Branch (Shop) since 04/09/2014

 

   Loc.aurno Unita' Ta45 , S.N.C. - 81025 - Marcianise (CE) - IT -

 

  Total Surface: 119 Sq.mt.

 

- Branch (Shop) since 04/09/2014

 

   Gaetano Filangieri , 6-7 - 80100 - Napoli (NA) - IT -

 

  Total Surface: 25 Sq.mt.

 

- Branch (Shop) since 05/09/2014

 

   Loc. Boscofangone            , S.N.C.         - 80035         - Nola   (NA)      - IT -

 

  Total Surface: 75 Sq.mt.

 

- Branch  since 10/04/2014

 

   Cola Di Rienzo , 173 - 00100 - Roma (RM) - IT -

 

  Total Surface: 20 Sq.mt.

 

- Branch (Shop) since 19/07/2014

 

   Alberto Lionello        , 201     - 00100 - Roma    (RM)     - IT -

 

  Total Surface: 138 Sq.mt.

 

- Branch (Shop) since 06/09/2014

 

   Ponte Di Piscina Cupa       , 64      - 00100 - Roma       (RM)     - IT -

 

  Total Surface: 248 Sq.mt.

 

- Branch (Shop) since 06/09/2014

 

   Garibaldi , 19 - 47037 - Rimini (RN) - IT -

 

  Total Surface: 65 Sq.mt.

 

- Branch (Shop) since 17/04/2014

 

   Pietro Arduino , S.N.C.            - 30100    - Venezia       (VE)      - IT -

 

  Trading Style: LIU JO

 

  Total Surface: 137 Sq.mt.

 

- Branch (Shop) since 20/03/2015

 

   Mantova , 36 - 25017 - Lonato (BS) - IT -

 

  Total Surface: 90 Sq.mt.

 

- Branch (Shop) since 14/03/2015

 

   San Quirico , 165 - 50013 - Campi Bisenzio (FI) - IT -

 

  Total Surface: 74 Sq.mt.

 

- Branch (Store) since 14/03/2015

 

   F.lli Cervi , S.N.C.            - 50013               - Campi Bisenzio    (FI)       - IT -

 

- Branch (Showroom) since 23/04/2015

 

   Calatafimi , 627/629/ - 90100 - Palermo (PA) - IT -

 

- Branch (Shop) since 18/12/2014

 

   Giuseppe Luigi Lagrange , 34 - 10100 - Torino (TO) - IT -

 

  Total Surface: 94 Sq.mt.

 

- Branch (Shop) since 04/12/2014

 

   Crea , 10 - 10095 - Grugliasco (TO) - IT -

 

  Total Surface: 82 Sq.mt.

 

Employees  : 627

 

Fittings and Equipment for a value of 1.740.000             Eur

 

Stocks for a value of 56.400.000 Eur

Historical Information and/or Firm's Status

 

EX-MEMBERS / EX-POSITIONS:

 

Marchi Vannis

 

Born in Carpi (MO) on 22/10/1947 - Fiscal Code : MRCVNS47R22B819Q

 

Residence: Amendola , 3/A            - 41012      Carpi      (MO)     - IT -

 

Ex-Postions

Sole Director

 

 

Volpi Sergio

 

Born in Maranello (MO)  on 08/10/1941 - Fiscal Code : VLPSRG41R08E904X

 

Residence: Pascoli, 11    - 41053 Maranello (MO)  - IT -

 

Ex-Postions

Temporary Auditor

 

Marchi

Marco

 

Born in Carpi

(MO)

on 05/10/1962

- Fiscal Code : MRCMRC62R05B819M

 

Residence:

Amendola

, 1

- 41012

Carpi

(MO)

- IT -

 

Ex-Postions

Managing Director

 

Manfredini

Simona

 

Born in Modena

(MO)

on 18/05/1968

- Fiscal Code : MNFSMN68E58F257Z

 

Residence:

Alessandro Argiolas

, 60

- 41100

Modena

(MO)

- IT -

 

Ex-Postions

Permanent Auditor

 

Vaccari

Susanna

 

Born in Modena

(MO)

on 11/03/1961

- Fiscal Code : VCCSNN61C51F257W

 

Residence:

Canalgrande

, 27

- 41100

Modena

(MO)

- IT -

 

Ex-Postions

Temporary Auditor

 

Cisamolo

Gianni

 

Born in Marmirolo

(MN)

on 09/04/1946

 

Residence:

Massalombarda

, 28

- 46045

Marmirolo

(MN)

- IT -

 

Ex-Postions

Permanent Auditor

 

Zannantonio Martin

Anna

 

Born in Modena

(MO)

on 07/01/1960

- Fiscal Code : ZNNNNA60A47F257C

 

Residence:

Ciro Menotti

, 43

- 41100

Modena

(MO)

- IT -

 

Ex-Postions

Permanent Auditor

 

Gatta

Fabio

 

Born in Novara

(NO)

on 24/08/1966

- Fiscal Code : C

 

Residence:

Risorgimento

, 224/E

- 28100

Novara

(NO)

- IT -

 

Ex-Postions

Permanent Auditor

 

Mantovani

Tiziana

 

Born in Modena

(MO)

on 14/11/1942

- Fiscal Code : MNTTZN42S54F257N

 

Residence:

Baraldi

, 20

- 41100

Modena

(MO)

- IT -

 

Ex-Postions

Permanent Auditor

 

Zacchia

Anna Maria

 

Born in Rimini

(FO)

on 04/07/1952

- Fiscal Code : ZCCNMR52L44H294K

 

Residence:

Erice

, 34

- 41100

Modena

(MO)

- IT -

 

Ex-Postions

Permanent Auditor

Temporary Auditor

 

Tonegutti

Diego

 

Born in Vittorio Veneto

(TV)

on 21/08/1953

- Fiscal Code : TNGDGI53M21M089Q

 

Residence:

Martel

, 14

- 31029

Vittorio Veneto

(TV)

- IT -

 

Ex-Postions

Permanent Auditor

 

CEASINGS/INCORPORATIONS/MERGES:

 

Project of merging by taking over of

 

Na.jo S.r.l.

 

Dell'agricoltura

, 47/49

, 41012

, Carpi

(MO)

- IT -

 

Fiscal Code: 02804100366

 

Date

Merging/splitting-up project:

19/11/2004

 

The firm absorbed by merging of

 

Na.jo S.r.l.

 

Dell'agricoltura

, 47/49

, 41012

, Carpi

(MO)

- IT -

 

Fiscal Code: 02804100366

 

Date

:

11/04/2005

 

Project of merging by taking over of

 

Depeche Mode Societa' A Responsabilita'Limitata Abbreviabile In Depeche Mode

 

Watt

, 1/11

, 41012

, Carpi

(MO)

- IT -

 

Fiscal Code: 01704190360

 

Date

Merging/splitting-up project:

29/06/2006

 

The firm absorbed by merging of

 

Depeche Mode Societa' A Responsabilita'Limitata Abbreviabile In Depeche Mode

 

Watt

, 1/11

, 41012

, Carpi

(MO)

- IT -

 

Fiscal Code: 01704190360

 

Date

:

29/11/2006

Protests

 

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

 

 

Data Base Prejudicial Events Search

 

Search performed on a National Scale

 

Prejudicial Events Search Result: NEGATIVE

 

Search performed on a specialized data base.

 

Legal Procedures

 

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

 

 

Bankers

 

The firm operates with:

 

Bank Name

Agency Name

Address

ZIP Code

City

ABI Code

CAB Code

BANCA POP. EMILIA ROMAGNA

5387

0

 

 

Financial and Economical Analysis

 

Subject is active since 1995

Balance sheets for the years 2011, 2012 and 2013 were analyzed.

During the last years, it achieved profits (r.o.e. 10,36% on 2013) with a stable trend in the turnover.

The operating result was positive in the last financial year (11,77%) and reflects the field's average.

The amount of the operating result for the year 2013 is of Eur. 37.109.144 , with no sizeable change as opposed to the year before.

The economic management produced a gross operating margin of Eur. 42.995.375 , stable if compared to the year before.

Excellent equity structure since liquidity is higher than short term liabilities.

It's shareholders funds amount to Eur. 232.956.384 , stable in comparison with the value of the previous year.

During the last financial year total debts volume reached Eur. 77.520.740 (Eur. 10.700.044 were m/l term ones) , with no sensible variation.

The company does not exceed in bank credits; payments average period is instead slightly high (97,52 gg.) anyway better than the field's average.

Liquidity is good (3,71)

Trade credits are collected slowly, average term is 103,84 days. besides being higher than the sector's average.

Eur. 30.030.921 is the value of cash flow during the year 2013

Labour cost amounts to Eur. 23.288.155, with a 9,96% incidence on production costs. , whereas the incidence of such costs on sales revenues is equal to 9,02%.

Financial incomes cover financial charges.

 

 

Financial Data

 

Complete balance-sheet for the year al 31/12/2013 (in Eur x 1)

 

Item Type

Value

Sales

258.092.149

Profit (Loss) for the period

24.144.690

 

Complete balance-sheet for the year    al 31/12/2012    (in Eur    x 1)

 

Item Type

Value

Sales

252.880.368

Profit (Loss) for the period

32.714.940

 

Complete balance-sheet for the year    al 31/12/2011    (in Eur    x 1)

 

Item Type

Value

Sales

242.407.470

Profit (Loss) for the period

28.033.792

 

Complete balance-sheet for the year    al 31/12/2010    (in Eur    x 1)

 

Item Type

Value

Sales

227.639.718

Profit (Loss) for the period

36.142.045

 

Complete balance-sheet for the year    al 31/12/2009    (in Eur    x 1)

 

Item Type

Value

Sales

202.789.275

Profit (Loss) for the period

24.589.958

 

 

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

562.777

535.041

795.648

. . Concessions,licenses,trademarks,etc.

188.776

110.970

109.010

. . Goodwill

194.000

44.000

66.000

. . Assets in formation and advance paymen.

75.616

215.197

112.726

. . Other intangible fixed assets

14.389.656

13.507.965

10.495.765

. Total Intangible Fixed Assets

15.410.825

14.413.173

11.579.149

. TANGIBLE FIXED ASSETS

. . Real estate

5.252.342

5.324.167

4.680.923

. . Plant and machinery

1.536.208

1.502.034

855.103

. . Industrial and commercial equipment

207.479

181.903

119.954

. . Other assets

3.821.405

2.823.327

1.522.848

. . Assets under construction and advances

41.522

1.560

. Total Tangible fixed assets

10.858.956

9.831.431

7.180.388

. FINANCIAL FIXED ASSETS

. . Equity investments

1.055.146

915.094

851.836

. . . Equity invest. in subsidiary companies

1.054.831

914.831

851.831

. . . Equity invest. in associated companies

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

315

263

5

. . Financial receivables

6.274.698

9.745.979

8.811.721

. . . . Within 12 months

3.756.898

5.672.339

4.110.517

. . . . Beyond 12 months

2.517.800

4.073.640

4.701.204

. . . Receivab due from subsidiaries

6.274.698

9.745.979

8.811.721

. . . . Within 12 months

3.756.898

5.672.339

4.110.517

. . . . Beyond 12 months

2.517.800

4.073.640

4.701.204

. . . Receivables due from assoc.comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from third parties

. . . . Within 12 months

. . . . Beyond 12 months

. . Other securities

. . Own shares

23.644.841

13.680.000

13.680.000

. . . Total nominal value

380.000

380.000

. Total financial fixed assets

30.974.685

24.341.073

23.343.557

Total fixed assets

57.244.466

48.585.677

42.103.094

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

1.563.207

1.734.050

1.825.098

. . Work in progress and semimanufactured

1.091.958

866.593

826.771

. . Work in progress on order

. . Finished goods

53.735.367

47.138.175

43.671.556

. . Advance payments

4.669

861.501

. Total Inventories

56.395.201

50.600.319

46.323.425

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

101.831.435

95.004.156

100.870.835

. . Beyond 12 months

4.425.342

4.635.600

4.497.663

. . Trade receivables

74.448.728

77.000.529

84.318.319

. . . . Within 12 months

74.448.728

77.000.529

84.318.319

. . . . Beyond 12 months

. . Receivables due from subsid. comp.

9.358.083

10.113.424

7.956.744

. . . . Within 12 months

9.358.083

10.113.424

7.956.744

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Fiscal Receivables

11.648.972

5.649.858

4.354.642

. . . . Within 12 months

11.648.166

5.649.052

4.353.836

. . . . Beyond 12 months

806

806

806

. . Receivables for anticipated taxes

4.192.977

4.439.215

4.426.944

. . . . Within 12 months

2.512

. . . . Beyond 12 months

4.192.977

4.439.215

4.424.432

. . Receivables due from third parties

6.608.017

2.436.730

4.311.849

. . . . Within 12 months

6.376.458

2.241.151

4.239.424

. . . . Beyond 12 months

231.559

195.579

72.425

. Total Credits not held as fixed assets

106.256.777

99.639.756

105.368.498

. FINANCIAL ASSETS

. . Equity invest. in subsidiary comp.

. . Equity invest. in associated companies

. . Equity invest. in holding companies

. . Other equity investments

. . Own shares

. . . Total nominale value

. . Other securities

. Total Financial Assets

. LIQUID FUNDS

. . Bank and post office deposits

84.996.175

77.276.025

52.242.466

. . Checks

1.784

354.374

32.639

. . Banknotes and coins

180.959

174.319

92.714

. Total Liquid funds

85.178.918

77.804.718

52.367.819

Total current assets

247.830.896

228.044.793

204.059.742

ADJUSTMENT ACCOUNTS

. Discount on loans

10.201.754

. Other adjustment accounts

10.351.892

11.999.142

Total adjustments accounts

10.201.754

10.351.892

11.999.142

TOTAL ASSETS

315.277.116

286.982.362

258.161.978

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

5.000.000

5.000.000

5.000.000

. Additional paid-in capital

. Revaluation reserves

. Legal reserve

1.000.000

1.000.000

1.000.000

. Reserve for Own shares

23.644.841

. Statute reserves

13.680.000

13.680.000

. Other reserves

179.166.853

156.416.749

128.382.958

. Accumulated Profits (Losses)

. Profit( loss) of the year

24.144.690

32.714.940

28.033.792

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

232.956.384

208.811.689

176.096.750

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

2.145.168

1.786.650

1.494.237

. . Taxation fund, also differed

344.621

474.204

641.520

. . Other funds

1.486.188

1.628.330

1.664.000

Total Reserves for Risks and Charges

3.975.977

3.889.184

3.799.757

Employee termination indemnities

536.642

542.735

602.799

ACCOUNTS PAYABLE

. . . . Within 12 months

66.820.696

63.329.599

69.379.350

. . . . Beyond 12 months

10.700.044

9.962.846

8.097.429

. . 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

14.723.654

16.719.816

16.865.255

. . . . Within 12 months

5.103.079

6.756.970

8.767.826

. . . . Beyond 12 months

9.620.575

9.962.846

8.097.429

. . Due to other providers of finance

. . . . Within 12 months

. . . . Beyond 12 months

. . Advances from customers

107.767

45.342

65.921

. . . . Within 12 months

107.767

45.342

65.921

. . . . Beyond 12 months

. . Trade payables

52.753.376

47.706.296

53.259.268

. . . . Within 12 months

52.753.376

47.706.296

53.259.268

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

1.649.680

649.000

854.689

. . . . Within 12 months

1.649.680

649.000

854.689

. . . . 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

2.726.779

2.148.473

962.855

. . . . Within 12 months

1.647.310

2.148.473

962.855

. . . . Beyond 12 months

1.079.469

. . Due to social security and welfare inst.

1.765.503

1.613.771

1.400.496

. . . . Within 12 months

1.765.503

1.613.771

1.400.496

. . . . Beyond 12 months

. . Other payables

3.793.981

4.409.747

4.068.295

. . . . Within 12 months

3.793.981

4.409.747

4.068.295

. . . . Beyond 12 months

Total accounts payable

77.520.740

73.292.445

77.476.779

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

287.373

446.309

185.893

Total adjustment accounts

287.373

446.309

185.893

TOTAL LIABILITIES

315.277.116

286.982.362

258.161.978

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

30.445.182

Risk accounts

3.624.079

Civil and fiscal norms relation

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

258.092.148

252.880.368

242.407.470

. Changes in work in progress

6.822.556

3.506.442

9.554.936

. Changes in semi-manufact. products

. Capitalization of internal work

. Other income and revenues

5.910.249

5.913.377

7.048.310

. . Contributions for operating expenses

129.931

173.897

130.009

. . Different income and revenues

5.780.318

5.739.480

6.918.301

Total value of production

270.824.953

262.300.187

259.010.716

PRODUCTION COSTS

. Raw material,other materials and consum.

116.901.000

109.631.029

105.858.134

. Services received

67.881.840

73.152.734

. Leases and rentals

83.935.927

10.794.224

10.078.869

. Payroll and related costs

23.288.155

20.898.684

18.351.642

. . Wages and salaries

17.016.057

15.306.962

13.448.792

. . Social security contributions

5.124.202

4.523.601

3.946.870

. . Employee termination indemnities

1.106.621

1.030.242

921.738

. . Pension and similar

. . Other costs

41.275

37.879

34.242

. Amortization and depreciation

5.886.231

5.732.149

4.779.137

. . Amortization of intangible fixed assets

3.762.432

3.315.895

2.903.303

. . Amortization of tangible fixed assets

1.912.185

1.676.311

1.664.498

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

211.614

739.943

211.336

. Changes in raw materials

170.843

91.049

558.109

. Provisions to risk reserves

. Other provisions

. Other operating costs

3.533.653

3.949.288

3.131.649

Total production costs

233.715.809

218.978.263

215.910.274

Diff. between value and cost of product.

37.109.144

43.321.924

43.100.442

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

50.796

. . In subsidiary companies

. . In associated companies

. . In other companies

. Other financial income

2.887.028

2.367.462

1.491.205

. . Financ.income from receivables

137.840

. . . Towards subsidiary companies

137.840

. . . 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

2.749.188

. . . - Subsidiary companies

. . . - Associated companies

. . . - Holding companies

. . . - Other companies

2.749.188

. Interest and other financial expense

-2.160.364

1.089.159

-1.703.991

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

2.160.364

Total financial income and expense

726.664

3.456.621

-161.990

ADJUSTMENTS TO FINANCIAL ASSETS

. Revaluations

. . Of equity investments

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

. . Of securities incl.among current assets

. Devaluation

-2.540.000

. . Of equity investments

-2.540.000

. . Of financial fixed assets (no equity inv)

. . Of securities included among current ass

Total adjustments to financial assets

-2.540.000

EXTRAORDINARY INCOME AND EXPENSE

. Extraordinary income

489.940

1.065.675

2.669.509

. . Gains on disposals

2.463.963

. . Other extraordinary income

489.940

1.065.675

205.546

. Extraordinary expense

-2.236.512

-185.946

-199.036

. . Losses on disposals

. . Taxes relating to prior years

. . Other extraordinary expense

-2.236.512

-185.946

-199.036

Total extraordinary income and expense

-1.746.572

879.729

2.470.473

Results before income taxes

36.089.236

47.658.274

42.868.925

. Taxes on current income

11.944.546

14.943.334

14.835.133

. . current taxes

11.827.891

15.122.922

14.127.997

. . differed taxes(anticip.)

116.655

-179.588

707.136

. Net income for the period

24.144.690

32.714.940

28.033.792

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

24.144.690

32.714.940

28.033.792

 

 

 

 


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

0,18

0,17

0,16

0,13

Elasticity Ratio

Units

0,79

0,79

0,79

0,85

Availability of stock

Units

0,18

0,18

0,18

0,54

Total Liquidity Ratio

Units

0,61

0,62

0,61

0,22

Quick Ratio

Units

0,27

0,27

0,20

0,04

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

n.c.

n.c.

0,10

4,36

Self Financing Ratio

Units

0,74

0,73

0,68

0,14

Capital protection Ratio

Units

0,87

0,82

0,81

0,56

Liabilities consolidation quotient

Units

0,17

0,17

0,13

0,15

Financing

Units

0,33

0,35

0,44

5,86

Permanent Indebtedness Ratio

Units

0,77

0,76

0,72

0,31

M/L term Debts Ratio

Units

0,04

0,04

0,03

0,10

Net Financial Indebtedness Ratio

Units

0,00

0,00

0,00

0,98

CORRELATION

Fixed assets ratio

Units

4,27

4,51

4,39

2,02

Current ratio

Units

3,71

3,60

2,94

1,15

Acid Test Ratio-Liquidity Ratio

Units

2,86

2,80

2,27

0,36

Structure's primary quotient

Units

4,07

4,30

4,18

1,06

Treasury's primary quotient

Units

1,27

1,23

0,75

0,07

Rate of indebtedness ( Leverage )

%

135,34

137,44

146,60

707,22

Current Capital ( net )

Value

181.010.200

164.715.194

134.680.392

61.776

RETURN

Return on Sales

%

11,64

15,20

13,54

2,62

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

%

10,36

15,67

15,92

6,19

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

%

15,49

22,82

24,34

15,72

Return on Investment ( R.O.I. )

%

11,77

15,10

16,70

3,25

Return/ Sales

%

14,38

17,13

17,78

2,94

Extra Management revenues/charges incid.

%

65,06

75,52

65,04

31,16

Cash Flow

Value

30.030.921

38.447.089

32.812.929

20.178

Operating Profit

Value

37.109.144

43.321.924

43.100.442

23.558

Gross Operating Margin

Value

42.995.375

49.054.073

47.879.579

40.605

MANAGEMENT

Credits to clients average term

Days

103,84

109,62

125,22

26,46

Debts to suppliers average term

Days

97,52

92,44

103,03

152,76

Average stock waiting period

Days

78,66

72,03

68,80

158,60

Rate of capital employed return ( Turnover )

Units

0,82

0,88

0,94

1,10

Rate of stock return

Units

4,58

5,00

5,23

2,21

Labour cost incidence

%

9,02

8,26

7,57

10,29

Net financial revenues/ charges incidence

%

0,28

1,37

-0,07

-1,31

Labour cost on purchasing expenses

%

9,96

9,54

8,50

10,25

Short-term financing charges

%

2,79

n.c.

2,20

2,10

Capital on hand

%

122,16

113,49

106,50

90,76

Sales pro employee

Value

355.009

506.774

570.370

267.102

Labour cost pro employee

Value

32.033

41.881

43.180

30.754

 

 

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

:

659.925

Population living in the region

:

4.151.369

Number of families in the region

:

1.748.359

 

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

 

- per food products

:

425

- per non food products

:

2.063

- per energy consume

:

143

 

 

Sector Data

 

The values are calculated on a base of 2.211 significant companies.

 

The companies cash their credits on an average of 26 dd.

The average duration of suppliers debts is about 153 dd.

The sector's profitability is on an average of 2,62%.

The labour cost affects the turnover in the measure of 10,29%.

Goods are held in stock in a range of 159 dd.

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

The employees costs represent the 10,25% of the production costs.

 

 


Statistical Detrimental Data

 

Statistically the trade activity passes through serious crises.

The area is statistically considered lowly risky.

In the region 18.860 protested subjects are found; in the province they count to 3.557.

The insolvency index for the region is 0,46, , while for the province it is 0,55.

Total Bankrupt companies in the province : 2.526.

Total Bankrupt companies in the region : 14.698.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.69

UK Pound

1

Rs.99.73

Euro

1

Rs.71.90

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

SHG

 

               

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%)

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