MIRA INFORM REPORT

 

 

 

 

Report No. :

339234.2

Report Date :

07.09.2015

 

IDENTIFICATION DETAILS

 

Name :

GIORGIO ARMANI S.P.A.

 

 

Registered Office :

Via Borgonuovo, 11 20121 - Milano (MI) -IT-

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

24.07.1975

 

 

Legal Form :

Joint stock company with sole shareholder

 

 

Line of Business :

  • Manufacture of wearing apparel; manufacture of leather and fur articles
  • Tailoring and manufacturing made to measure of outerwear

 

 

No. of Employee :

From 750 to 1000

 

 

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 :

Good

 

 

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

 

GIORGIO ARMANI S.P.A.

 

Via Borgonuovo, 11 20121 - Milano (MI) -IT-

 

 

 

Summary

 

Fiscal Code

:

02342990153

Legal Form

:

Joint stock company with sole shareholder

start of Activities

:

24/07/1975

Equity

:

Over 2.582.254

Number of Employees

:

from 750 to 1000

Group

:

Armani

 

 

Activity

 

MANUFACTURE OF WEARING APPAREL; MANUFACTURE OF LEATHER AND FUR ARTICLES

Tailoring and manufacturing made to measure of outerwear



Legal Data


Legal Form : Joint stock company with sole shareholder

Fiscal Code : 02342990153

 

Foreign Trade Reg. no. : MI096103 since 10/01/1992

 

Foreign Trade Reg. no. : 096103 of Milano since 10/01/1992

 

Chamber of Commerce no. : 493454 of Bologna

 

Chamber of Commerce no. : 294753 of Como

 

Chamber of Commerce no. : 919502 of Milano since 06/08/1975

 

Chamber of Commerce no. : 375373 of Modena

 

Chamber of Commerce no. : 197279 of Pavia

 

Chamber of Commerce no. : 1367128 of Roma

 

Chamber of Commerce no. : 359973 of Vicenza

 

Firms' Register : MI146-165440 of Milano since 19/02/1996

 

V.A.T. Code : 02342990153

 

Tribunal Co. Register : 165440 of

 

Foundation date

: 24/07/1975

Establishment date

: 24/07/1975

Start of Activities

: 24/07/1975

Legal duration

: 31/12/2050

Nominal Capital

: 10.000.000

Subscribed Capital

: 10.000.000

Paid up Capital

: 10.000.000

 

Legal mail :

AMMINISTRAZIONE.GA@PEC.GIORGIOARMANI.IT

 

 

Members



Armani

Giorgio

 

Born in Piacenza

(PC)

on 11/07/1934

- Fiscal Code : RMNGRG34L11G535H

 

Residence:

Borgonuovo

, 11

- 20100

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Board Chairman

18/06/2013

Director

18/06/2013

Managing Director

18/06/2013

Sole partner

17/09/1997

 

Prejudicial Events found with cancellations*

 

Legal Mortgage - 17/12/2009. - 234.740 Euro. Event writing-off

  EQUITALIA ESATRI SPA

 

No Protests registered

 

Dell'orco

Pantaleo

 

Born in Bari

(BA)

on 02/11/1952

- Fiscal Code : DLLPTL52S02A883Y

 

Residence:

Borgonuovo

, 11

- 20100

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

18/06/2013



Ballestrazzi

Daniele

 

Born in Piacenza

(PC)

on 17/08/1965

- Fiscal Code : BLLDNL65M17G535K

 

Residence:

Bergognone

, 38

- 20144

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

19/03/2015

 

No Protests registered

 

Armani

Silvana

 

Born in Milano

(MI)

on 25/07/1955

- Fiscal Code : RMNSVN55L65F205P

 

Residence:

Borgonuovo

, 11

- 20100

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

18/06/2013



Armani

Rosanna

 

Born in Piacenza

(PC)

on 27/06/1939

- Fiscal Code : RMNRNN39H67G535Z

 

Residence:

Borgonuovo

, 11

- 20100

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

18/06/2013



Paoluzzi

Andrea

 

Born in Genova

(GE)

on 20/05/1964

- Fiscal Code : PLZNDR64E20D969A

 

Residence:

Bergognone

, 38

- 20144

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

28/04/2015

 

No Prejudicial events are reported

 

No Protests registered

 

Proli

Livio Paolo Franco

 

Born in Milano

(MI)

on 25/05/1965

- Fiscal Code : PRLLPL65E25F351G

 

Residence:

Borgonuovo

, 11

- 20121

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

18/06/2013

Managing Director

18/06/2013

Procurator

09/11/2009

 

No Prejudicial events are reported

 

No Protests registered

 

Camerana

Andrea Nicola

 

Born in Milano

(MI)

on 07/01/1970

- Fiscal Code : CMRNRN70A07F205N

 

Residence:

Santa Cecilia

, 5

- 20100

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

18/06/2013



Bolla

Paolo

 

Born in Imperia

(IM)

on 25/01/1968

- Fiscal Code : BLLPLA68A25E290O

 

Residence:

Bergognone

, 38

- 20144

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

12/07/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Sassi

Stefano

 

Born in Reggio Emilia

(RE)

on 23/10/1972

- Fiscal Code : SSSSFN72R23H223N

 

Residence:

Borgonuovo

, 11

- 20121

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

03/05/2012

 

No Prejudicial events are reported

 

No Protests registered

 

Proli

Livio

 

Born in Mondovi'

(CN)

on 25/05/1965

- Fiscal Code : PRLLVI65E25F351K

 

Residence:

Borgonuovo

, 11

- 20100

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

02/10/2009

 

No Protests registered

 

Panzani

Daniele

 

Born in Modena

(MO)

on 13/08/1975

- Fiscal Code : PNZDNL75M13F257X

 

Residence:

Bergognone

, 59

- 20144

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

20/05/2010

 

No Prejudicial events are reported

 

No Protests registered

 

Tadini

Laura Angela

 

Born in Milano

(MI)

on 12/10/1970

- Fiscal Code : TDNLNG70R52F205C

 

Residence:

Bergognone

, 46

- 20144

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

20/05/2010

Attorney with special power

12/07/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Minetto

Andrea

 

Born in Venezia

(VE)

on 03/11/1655

- Fiscal Code : MNTNDR55S03L736J

 

Residence:

Bergognone

, 38

- 20144

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

03/06/2015

 

No Prejudicial events are reported

 

No Protests registered

 

Tacchella

Michele

 

Born in Seravezza

(LU)

on 01/02/1973

- Fiscal Code : TCCMHL73B01I622H

 

Residence:

Bergognone

, 59

- 20144

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

20/05/2010

 

No Prejudicial events are reported

 

No Protests registered

 

Moscone

Pierluigi

 

Born in Sora

(FR)

on 12/01/1972

- Fiscal Code : MSCPLG72A12I838L

 

Residence:

Borgonuovo

, 18

- 20121

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

13/04/2011

 

No Prejudicial events are reported

 

No Protests registered

 

Lombardi

Maria

 

Born in Caserta

(CE)

on 15/04/1970

- Fiscal Code : LMBMRA70D55B963J

 

Residence:

Bergognone

, 38

- 20144

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

19/03/2015

 

No Protests registered

 

Sgro'

Roberto

 

Born in Torino

(TO)

on 01/10/1969

- Fiscal Code : SGRRRT69R01L219K

 

Residence:

Provinciale Per Bregnano

, 12

- 22070

Vertemate Con Minoprio

(CO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

17/06/2014

 

No Prejudicial events are reported

 

No Protests registered

 

Baldassarre

Marta Valeria

 

Born in Milano

(MI)

on 11/07/1971

- Fiscal Code : BLDMTV71L51F205L

 

Residence:

Bergognone

, 38

- 20144

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

12/07/2013

 

No Prejudicial events are reported

 

No Protests registered

 

Pastorelli

Luca

 

Born in Mogadiscio

( )

on 24/03/1969

- Fiscal Code : PSTLCU69C24Z345E

 

Residence:

Bergognone

, 38

- 20144

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

10/02/2014

 

No Protests registered

 

Savino

Alessia

 

Born in Fabriano

(AN)

on 05/05/1967

- Fiscal Code : SVNLSS67E45D451D

 

Residence:

Bergognone

, 38

- 20144

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

19/03/2015

 

No Protests registered

 

Lodato

Roberto

 

Born in Milano

(MI)

on 14/06/1980

- Fiscal Code : LDTRRT80H14F205E

 

Residence:

Bergognone

, 38

- 20144

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

11/09/2014

 

No Protests registered

 

Armani

Roberta

 

Born in Bologna

(BO)

on 10/10/1970

- Fiscal Code : RMNRRT70R50A944T

 

Residence:

Borgonuovo

, 11

- 20121

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

18/06/2013



Borsani

Alessia Laura

 

Born in Busto Arsizio

(VA)

on 21/05/1975

- Fiscal Code : BRSLSL75E61B300F

 

Residence:

Bergognone

, 38

- 20144

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

22/12/2014

 

No Protests registered

 

Calo'

Claudio

 

Born in Milano

(MI)

on 22/09/1975

- Fiscal Code : CLACLD75P22F205D

 

Residence:

Borgonuovo

, 18

- 20121

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

22/05/2015

 

No Protests registered

 

*Concerns also partially erased events.



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.

 

Armani

Giorgio

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

L'immobiliare S.r.l.

Milano (MI) - IT -

08503270152

Sole partner

Active

Registered

Luxottica Group Spa

Milano (MI) - IT -

00891030272

Director

Withdrawn

Registered

Immobiliare Mandarin S.r.l.

- -

06194740152

Sole Director

Active

Registered

Armani-pres E Public Relations Studio S.r.l.

Milano (MI) - IT -

08361990156

Board Chairman

Withdrawn

Ceased

Agit S.r.l.

Milano (MI) - IT -

03285520155

Sole Director

Withdrawn

Registered

 

Proli

Livio Paolo Franco

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

G.a. Operations S.p.a.

Milano (MI) - IT -

00159600360

Managing Director

Active

Registered

G.a. Operations S.p.a.

Milano (MI) - IT -

00159600360

Director

Active

Registered

G.a. Operations S.p.a.

Milano (MI) - IT -

00159600360

Attorney with special power

Withdrawn

Registered

G.a. Operations S.p.a.

Milano (MI) - IT -

00159600360

Procurator

Withdrawn

Registered

G.a. Operations S.p.a.

Milano (MI) - IT -

00159600360

General Director

Withdrawn

Registered

G.a. Operations S.p.a.

Milano (MI) - IT -

00159600360

Board Chairman

Active

Registered

Lo.sint S.r.l.

Modena (MO) - IT -

00811040153

Attorney with special power

Withdrawn

Ceased

Moda Sourcing Company S.r.l. O In FormaAbbreviata Msc S.r.l.

Milano (MI) - IT -

09987850154

Managing Director

Withdrawn

Ceased

Moda Sourcing Company S.r.l. O In FormaAbbreviata Msc S.r.l.

Milano (MI) - IT -

09987850154

Director

Withdrawn

Ceased

Moda Sourcing Company S.r.l. O In FormaAbbreviata Msc S.r.l.

Milano (MI) - IT -

09987850154

Board Chairman

Withdrawn

Ceased

Intai Spa

Milano (MI) - IT -

10123480153

Managing Director

Withdrawn

Ceased

Intai Spa

Milano (MI) - IT -

10123480153

Director

Withdrawn

Ceased

Intai Spa

Milano (MI) - IT -

10123480153

Board Chairman

Withdrawn

Ceased

Confezioni Di Matelica S.p.a.

Settimo Torinese (TO) - IT -

00917600439

Director

Withdrawn

Ceased

Confezioni Di Matelica S.p.a.

Settimo Torinese (TO) - IT -

00917600439

Board Chairman

Withdrawn

Ceased

Giorgio Armani Retail S.r.l. In Forma Abbreviata G.a. Retail S.r.l.

Milano (MI) - IT -

05065910159

Director

Active

Registered

Giorgio Armani Retail S.r.l. In Forma Abbreviata G.a. Retail S.r.l.

Milano (MI) - IT -

05065910159

Board Chairman

Active

Registered

Pallacanestro Olimpia Milano Societa' Sportiva A Responsabilita'l Imitata O Pall

Milano (MI) - IT -

01852920154

Managing Director

-

Ceased

Pallacanestro Olimpia Milano Societa' Sportiva A Responsabilita'l Imitata O Pall

Milano (MI) - IT -

01852920154

Director

-

Ceased

Pallacanestro Olimpia Milano Societa' Sportiva A Responsabilita'l Imitata O Pall

Milano (MI) - IT -

01852920154

Board Chairman

-

Ceased

Gabar S.r.l. In Liquidazione

Mori (TN) - IT -

01664470224

Liquidator

Withdrawn

Ceased

Trimil S.p.a.

Milano (MI) - IT -

13152520154

Director

Withdrawn

Ceased

Trimil S.p.a.

Milano (MI) - IT -

13152520154

Board Chairman

Withdrawn

Ceased

Guardi S.p.a.

Fosso' (VE) - IT -

03389410279

Managing Director

Withdrawn

Merged

Guardi S.p.a.

Fosso' (VE) - IT -

03389410279

Director

Withdrawn

Merged

Guardi S.p.a.

Fosso' (VE) - IT -

03389410279

Board Chairman

Withdrawn

Merged

Deanna S.p.a.

San Martino in Rio (RE) - IT -

01994870358

Managing Director

Withdrawn

Ceased

Deanna S.p.a.

San Martino in Rio (RE) - IT -

01994870358

Director

Withdrawn

Ceased

Deanna S.p.a.

San Martino in Rio (RE) - IT -

01994870358

Board Chairman

Withdrawn

Ceased



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

Giorgio Armani S.p.a.

Milano - IT -

02342990153

500.000 .Eur

5,00

Armani Giorgio

Milano - IT -

RMNGRG34L11G535H

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

Luxottica Group Spa

Milano - IT -

00891030272

465.328 .Eur

2,00

Active

G.a. Operations S.p.a.

Milano - IT -

00159600360

24.275.795 .Eur

100,00

Active

Giorgio Armani S.p.a.

Milano - IT -

02342990153

500.000 .Eur

5,00

Active

Giorgio Armani Retail S.r.l. In Forma Ab breviata G.a. Retail S.r.l.

Milano - IT -

05065910159

32.620.000 .Eur

100,00

Active

Pallacanestro Olimpia Milano Societa' Sp ortiva A Responsabilita'l Imitata O Pall

Milano - IT -

01852920154

3.000.000 .Eur

100,00

Ceased

Giorgio Armani St S.r.l.

Milano - IT -

08461920962

5.228.000 .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

 

Borgonuovo

, 11

- 20100

- Milano

(MI)

- IT -

 

Total Surface: 250 Sq.mt.

 

TELEX

: 313662

 

PHONE

: 02723181

 

FAX

: 02/6005852

 

FAX

: 0272318450

 

Legal mail

: AMMINISTRAZIONE.GA@PEC.GIORGIOARMANI.IT

 

-

Secondary office

since 10/07/2009

 

Via Penate

, 4

- Mendrisio

(EE)

- CH -

 

Trading Style: MILAN, SWISS BRANCH

 

-

Branch

(Warehouse)

since 30/01/1995

 

Rivara

, 1

- 27040

- Cigognola

(PV)

- IT -

 

-

Branch

(Workshop)

since 01/09/1997

 

Borgonuovo

, 21

- 20100

- Milano

(MI)

- IT -

 

PHONE

: 02123181

 

-

Branch

(Administrative office)

since 09/10/1998

 

Borgonuovo

, 18

- 20100

- Milano

(MI)

- IT -

 

PHONE

: 02723181

 

-

Branch

(Warehouse)

since 10/06/1999

 

Bergognone

, 59

- 20100

- Milano

(MI)

- IT -

 

PHONE

: 02723181

 

-

Branch

(Administrative office)

since 13/11/2007

 

Bergognone

, 46

- 20100

- Milano

(MI)

- IT -

 

-

Branch

(Store)

since 25/09/2008

 

Provinciale Della Pioda

, Loc: BULGORELLO

- 22071

- Cadorago

(CO)

- IT -

 

-

Branch

(office)

since 01/04/2011

 

S.p Per Bregnano

, 12

- 22070

- Vertemate Con Minoprio

(CO)

- IT -

 

-

Branch

(Sales office)

since 01/10/2009

 

P. Giardini

, 1324

- 41100

- Modena

(MO)

- IT -

 

-

Branch

(Store)

since 01/04/2011

 

Blocco 9.5 Interporto

, SNC

- 40010

- Bentivoglio

(BO)

- IT -

 

-

Branch

(Warehouse)

since 11/07/2011

 

Piranesi Giovanni Battista

, 10

- 20100

- Milano

(MI)

- IT -

 

-

Branch

(Administrative office)

since 09/04/2013

 

Bergognone

, 38

- 20100

- Milano

(MI)

- IT -

 

-

Branch

(Administrative office)

since 10/06/2015

 

Sant'andrea

, 9

- 20100

- Milano

(MI)

- IT -

 

-

Branch

(Administrative office)

since 01/03/2013

 

Dei Giardini

, 6

- 20100

- Milano

(MI)

- IT -

 

-

Branch

(Exhibition)

since 20/06/2015

 

Bergognone

, 40

- 20100

- Milano

(MI)

- IT -

 

-

Branch

(Administrative office)

since 01/03/2013

 

Dei Condotti

, 77

- 00100

- Roma

(RM)

- IT -

 

-

Branch

(Store)

since 01/10/2013

 

Pacinotti

, 8H

- 00100

- Roma

(RM)

- IT -

 

-

Branch

(Store)

since 01/10/2013

 

Salaria

, 221 E F

- 00015

- Monterotondo

(RM)

- IT -

 

-

Branch

(Store)

since 01/10/2013

 

Mario Rigamonti

, 100

- 00100

- Roma

(RM)

- IT -

 

-

Branch

(Store)

since 01/10/2013

 

Michelangelo Buonarrotti

, 34/47

- 00054

- Fiumicino

(RM)

- IT -

 

-

Branch

(Store)

since 01/10/2013

 

Tuscolana

, 1243

- 00100

- Roma

(RM)

- IT -

 

-

Branch

(Store)

since 01/10/2013

 

Tolstoj

, 47

- 00100

- Roma

(RM)

- IT -

 

-

Branch

(Store)

since 15/10/2013

 

Stazione

, 93

- 36070

- Trissino

(VI)

- IT -

 

Employees

: 853

 

Fittings and Equipment for a value of 3.010.000

Eur

 

Stocks for a value of 10.110.000

Eur

 

Furniture and fittings for a value of 2.220.000

Eur

 

Vehicles for a value of 210.000

Eur

 

The firm operates abroad as importer / exporter..

To purchase foreign products the firm uses the following channels :

- direct orders to foreign companies

Export represents up to 20% of the global turnover.

Products abroad are placed by :

- direct orders from foreign companies

 

The subject firm uses the following own selling brands:

- GIORGIO ARMANI

 

 

Historical Information and/or Firm's Status

 

CEASINGS/INCORPORATIONS/MERGES:

 

The firm absorved

 

Armani-pres E Public Relations Studio S.r.l.

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 08361990156

 

Date

:

24/12/2003

 

The firm absorbed by merging of

 

ROMARINA ITALIANA SPA

 

, 00100

, Roma

(RM)

- IT -

 

Date

:

13/09/1983

 

Project of splitting-up and tranfer into

 

Nuova Doney Srl

 

BORGONUOVO

, 11

, 20100

, Milano

(MI)

- IT -

 

Fiscal Code: 09977210153

 

Date

Merging/splitting-up project:

24/07/1997

 

Project of splitting-up and tranfer into

 

L'immobiliare S.r.l.

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 08503270152

 

Date

Merging/splitting-up project:

31/03/1999

 

Splitting-up and transfer of assets to

 

L'immobiliare S.r.l.

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 08503270152

 

Date

Splitting-up:

28/10/1999

 

Project of splitting-up and tranfer into

 

L'immobiliare S.r.l.

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 08503270152

 

Date

Merging/splitting-up project:

05/12/2002

 

Project of splitting-up and tranfer into

 

L'immobiliare S.r.l.

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 08503270152

 

Date

Merging/splitting-up project:

16/12/2002

 

Splitting-up and transfer of assets to

 

L'immobiliare S.r.l.

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 08503270152

 

Date

Splitting-up:

24/12/2002

 

Project of merging by taking over of

 

Armani-pres E Public Relations Studio S.r.l.

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 08361990156

 

Date

Merging/splitting-up project:

30/06/2003

 

The firm absorbed by merging of

 

Armani-pres E Public Relations Studio S.r.l.

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 08361990156

 

Date

:

24/12/2003

 

Resolution of merging of

 

ROMARINA ITALIANA SPA

 

, 00100

, Roma

(RM)

- IT -

 

Date

:

13/09/1983

 

Project of merging by taking over of

 

GIORGIO ARMANI HOLDING B.V.

 

, Amsterdam

- IT -

 

Date

Merging/splitting-up project:

11/11/2008

 

The firm absorbed by merging of

 

GIORGIO ARMANI HOLDING B.V.

 

, Amsterdam

- IT -

 

Date

:

30/03/2009

 

Project of splitting-up and tranfer from

 

G.a. Operations S.p.a.

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 00159600360

 

Date

Merging/splitting-up project:

08/05/2009

 

Project of merging by taking over of

 

Giorgio Armani Distribuzione Srl

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 08904880153

 

Date

Merging/splitting-up project:

12/05/2009

 

Splitting-up and tranfer from the company

 

G.a. Operations S.p.a.

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 00159600360

 

Date

Splitting-up:

21/09/2009

 

The firm absorbed by merging of

 

Giorgio Armani Distribuzione Srl

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 08904880153

 

Date

:

21/09/2009

 

The firm absorbed by merging of

 

GA MODIFINE S.A.

 

, Mendrisio

- IT -

 

Date

:

25/09/2009

 

Project of splitting-up and tranfer from

 

Giorgio Armani Retail S.r.l. In Forma Abbreviata G.a. Retail S.r.l.

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 05065910159

 

Date

Merging/splitting-up project:

22/02/2010

 

Splitting-up and tranfer from the company

 

Giorgio Armani Retail S.r.l. In Forma Abbreviata G.a. Retail S.r.l.

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 05065910159

 

Date

Splitting-up:

20/05/2010

 

Project of merging by taking over of

 

Trimil S.p.a.

 

Vittor Pisani

, 27

, 20124

, Milano

(MI)

- IT -

 

Fiscal Code: 13152520154

 

Date

Merging/splitting-up project:

13/12/2010

 

Project of splitting-up and tranfer from

 

Intai Spa

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 10123480153

 

Date

Merging/splitting-up project:

13/12/2010

 

The firm absorbed by merging of

 

Trimil S.p.a.

 

Vittor Pisani

, 27

, 20124

, Milano

(MI)

- IT -

 

Fiscal Code: 13152520154

 

Date

:

16/03/2011

 

Splitting-up and tranfer from the company

 

Intai Spa

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 10123480153

 

Date

Splitting-up:

16/03/2011

 

Project of splitting-up and tranfer into

 

L'immobiliare S.r.l.

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 08503270152

 

Date

Merging/splitting-up project:

29/03/2013

 

Splitting-up and transfer of assets to

 

L'immobiliare S.r.l.

 

Borgonuovo

, 11

, 20121

, Milano

(MI)

- IT -

 

Fiscal Code: 08503270152

 

Date

Splitting-up:

23/09/2013


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

 

The company is active since 1975

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

During the last years, it achieved profits (r.o.e. 26,06% on 2014) but without a significant increase in the turnover.

The operating result in 2014 was positive (18,33%) and reflects the field's average.

An operating result of Eur. 293.020.727 has been registered. increasing if compared to the yeart 2013.

During the latest financial year the gross operating margin amounted to Eur. 310.228.521 , stable if compared to the year before.

The company has an excellent net worth if compared to its debts, with a low indebtedness (0,41) and with an upward trend compared to the previous year.

The management generated equity capital for an amount of Eur. 1.058.377.414 , rising by 25,6%.

In the year 2014 total debts amounted to Eur. 463.734.632 whereas in the year before they amounted to Eur. 670.249.920, with a -30,81% drop.

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

Liquidity is good (1,57)

On average trade credits are collected in 52,55 days. , that compared to the sector's average is shorter.

The financial management generated a cash flow of Eur. 290.675.465.

During 2014 financial year labour costs amounted to Eur. 87.514.395, with a 6,4% incidence on production costs. , whereas the incidence on sales revenues is of 5,32%.

No incidence of financial charges as lower than the incomes.


Financial Data

 

Complete balance-sheet for the year

al 31/12/2014

(in Eur

x 1)

 

Item Type

Value

Sales

1.644.444.332

Profit (Loss) for the period

275.767.671

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

1.650.599.838

Profit (Loss) for the period

41.023.734

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

1.584.002.148

Profit (Loss) for the period

207.912.318

 

Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

1.275.092.341

Profit (Loss) for the period

113.521.947

 

Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

906.817.903

Profit (Loss) for the period

132.977.092

 

 

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

7.245

. . Research,develop. and advert.expens.

. . Industrial patent rights

6.669

13.335

. . Concessions,licenses,trademarks,etc.

. . Goodwill

6.889.890

7.390.806

7.891.722

. . Assets in formation and advance paymen.

10.081.572

4.557.994

7.826.437

. . Other intangible fixed assets

19.469.166

14.106.560

13.268.611

. Total Intangible Fixed Assets

36.447.297

26.068.695

28.994.015

. TANGIBLE FIXED ASSETS

. . Real estate

577.183

. . Plant and machinery

2.498.741

2.955.894

1.320.285

. . Industrial and commercial equipment

515.719

283.854

319.013

. . Other assets

2.771.517

3.206.354

3.501.552

. . Assets under construction and advances

63.002

26.644

176.740

. Total Tangible fixed assets

5.848.979

6.472.746

5.894.773

. FINANCIAL FIXED ASSETS

. . Equity investments

647.993.011

453.113.757

441.706.158

. . . Equity invest. in subsidiary companies

646.285.362

345.120.899

333.713.300

. . . Equity invest. in associated companies

106.285.209

106.285.209

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

1.707.649

1.707.649

1.707.649

. . Financial receivables

279.973

286.816

287.897

. . . . Within 12 months

. . . . Beyond 12 months

279.973

286.816

287.897

. . . Receivab due from subsidiaries

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from assoc.comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . . Receivables due from third parties

279.973

286.816

287.897

. . . . Within 12 months

. . . . Beyond 12 months

279.973

286.816

287.897

. . Other securities

. . Own shares

175.000.000

175.000.000

175.000.000

. . . Total nominal value

500.000

. Total financial fixed assets

823.272.984

628.400.573

616.994.055

Total fixed assets

865.569.260

660.942.014

651.882.843

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

. . Work in progress and semimanufactured

. . Work in progress on order

. . Finished goods

10.113.863

8.618.930

9.621.739

. . Advance payments

. Total Inventories

10.113.863

8.618.930

9.621.739

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

429.534.658

765.258.111

694.025.994

. . Beyond 12 months

260.318.228

26.903.035

27.004.922

. . Trade receivables

240.060.935

251.210.637

260.947.773

. . . . Within 12 months

251.210.637

260.947.773

. . . . Beyond 12 months

240.060.935

. . Receivables due from subsid. comp.

340.446.235

425.113.603

382.996.295

. . . . Within 12 months

340.446.235

425.113.603

382.996.295

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

780.547

. . . . Within 12 months

780.547

. . . . Beyond 12 months

. . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Fiscal Receivables

74.417.871

83.314.819

43.227.179

. . . . Within 12 months

62.712.804

65.478.325

26.118.878

. . . . Beyond 12 months

11.705.067

17.836.494

17.108.301

. . Receivables for anticipated taxes

33.280.903

29.655.271

29.088.548

. . . . Within 12 months

24.728.677

20.588.730

19.191.927

. . . . Beyond 12 months

8.552.226

9.066.541

9.896.621

. . Receivables due from third parties

1.646.942

2.866.816

3.990.574

. . . . Within 12 months

1.646.942

2.866.816

3.990.574

. . . . Beyond 12 months

. Total Credits not held as fixed assets

689.852.886

792.161.146

721.030.916

. FINANCIAL ASSETS

. . Equity invest. in subsidiary comp.

. . Equity invest. in associated companies

. . Equity invest. in holding companies

. . Other equity investments

2.515.200

2.515.200

2.515.200

. . Own shares

. . . Total nominale value

. . Other securities

. Total Financial Assets

2.515.200

2.515.200

2.515.200

. LIQUID FUNDS

. . Bank and post office deposits

25.988.287

119.118.214

13.643.660

. . Checks

. . Banknotes and coins

89.922

130.837

289.380

. Total Liquid funds

26.078.209

119.249.051

13.933.040

Total current assets

728.560.158

922.544.327

747.100.895

ADJUSTMENT ACCOUNTS

. Discount on loans

4.613.634

5.755.045

. Other adjustment accounts

4.742.011

Total adjustments accounts

4.742.011

4.613.634

5.755.045

TOTAL ASSETS

1.598.871.429

1.588.099.975

1.404.738.783

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

10.000.000

10.000.000

10.000.000

. Additional paid-in capital

. Revaluation reserves

. Legal reserve

2.000.000

2.000.000

2.000.000

. Reserve for Own shares

175.000.000

175.000.000

. Statute reserves

175.000.000

. Other reserves

595.609.743

614.607.109

545.603.108

. Accumulated Profits (Losses)

. Profit( loss) of the year

275.767.671

41.023.734

207.912.318

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

1.058.377.414

842.630.843

940.515.426

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

17.298.276

16.948.183

16.182.689

. . Taxation fund, also differed

. . Other funds

42.084.090

31.269.812

36.841.889

Total Reserves for Risks and Charges

59.382.366

48.217.995

53.024.578

Employee termination indemnities

6.537.644

8.059.994

8.614.768

ACCOUNTS PAYABLE

. . . . Within 12 months

463.734.632

670.249.920

387.121.842

. . . . Beyond 12 months

3.057.239

. . 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

3.337.800

. . . . Within 12 months

3.337.800

. . . . Beyond 12 months

. . Due to other providers of finance

. . . . Within 12 months

. . . . Beyond 12 months

. . Advances from customers

26.552.127

24.087.823

20.487.493

. . . . Within 12 months

26.552.127

24.087.823

20.487.493

. . . . Beyond 12 months

. . Trade payables

50.326.283

44.266.314

49.068.031

. . . . Within 12 months

50.326.283

44.266.314

49.068.031

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

324.005.928

314.456.612

251.495.862

. . . . Within 12 months

324.005.928

314.456.612

248.438.623

. . . . Beyond 12 months

3.057.239

. . Due to associated companies

340.385

. . . . Within 12 months

340.385

. . . . Beyond 12 months

. . Due to holding companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to the tax authorities

22.912.436

261.299.328

39.427.037

. . . . Within 12 months

22.912.436

261.299.328

39.427.037

. . . . Beyond 12 months

. . Due to social security and welfare inst.

4.723.218

4.511.150

4.219.212

. . . . Within 12 months

4.723.218

4.511.150

4.219.212

. . . . Beyond 12 months

. . Other payables

35.214.640

21.288.308

22.143.646

. . . . Within 12 months

35.214.640

21.288.308

22.143.646

. . . . Beyond 12 months

Total accounts payable

463.734.632

670.249.920

390.179.081

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

10.839.373

18.941.223

12.404.930

Total adjustment accounts

10.839.373

18.941.223

12.404.930

TOTAL LIABILITIES

1.598.871.429

1.588.099.975

1.404.738.783

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

Risk accounts

631.061.888

562.293.123

Civil and fiscal norms relation

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

1.644.444.331

1.650.599.838

1.584.002.148

. Changes in work in progress

. Changes in semi-manufact. products

. Capitalization of internal work

. Other income and revenues

15.284.926

19.130.647

23.320.510

. . Contributions for operating expenses

. . Different income and revenues

15.284.926

19.130.647

23.320.510

Total value of production

1.659.729.257

1.669.730.485

1.607.322.658

PRODUCTION COSTS

. Raw material,other materials and consum.

839.390.919

869.517.749

902.630.852

. Services received

244.863.795

. Leases and rentals

19.238.219

276.869.239

294.749.342

. Payroll and related costs

87.514.395

94.408.926

90.257.947

. . Wages and salaries

64.169.526

62.952.835

65.611.935

. . Social security contributions

17.675.534

17.958.656

18.605.612

. . Employee termination indemnities

4.155.014

4.387.773

4.517.945

. . Pension and similar

. . Other costs

1.514.321

9.109.662

1.522.455

. Amortization and depreciation

14.907.794

17.504.040

13.134.055

. . Amortization of intangible fixed assets

7.585.451

7.991.910

. . Amortization of tangible fixed assets

8.916.453

2.147.091

2.181.054

. . Depreciation of tangible fixed assets

2.350.284

. . Writedown of current receiv.and of liquid

3.641.057

7.771.498

2.961.091

. Changes in raw materials

-1.494.933

1.002.809

5.734.967

. Provisions to risk reserves

2.300.000

21.356.769

15.028.514

. Other provisions

. Other operating costs

159.988.341

145.917.908

84.378.468

Total production costs

1.366.708.530

1.426.577.440

1.405.914.145

Diff. between value and cost of product.

293.020.727

243.153.045

201.408.513

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

76.095.282

86.203.359

98.050.366

. . In subsidiary companies

86.203.359

98.050.366

. . In associated companies

. . In other companies

. Other financial income

617.201

768.762

738.204

. . 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

116.000

98.000

. . Financ.income other than the above

652.762

640.204

. . . - Subsidiary companies

22.084

314.705

. . . - Associated companies

. . . - Holding companies

. . . - Other companies

630.678

325.499

. Interest and other financial expense

-6.154.114

-6.742.967

-10.607.210

. . Towards subsidiary companies

-15.147

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

6.742.967

10.607.210

Total financial income and expense

70.558.369

80.229.154

88.181.360

ADJUSTMENTS TO FINANCIAL ASSETS

. Revaluations

36.163.732

. . Of equity investments

36.163.732

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

. . Of securities incl.among current assets

. Devaluation

-3.770.290

-20.700.529

. . Of equity investments

-3.770.290

-20.700.529

. . Of financial fixed assets (no equity inv)

. . Of securities included among current ass

Total adjustments to financial assets

32.393.442

-20.700.529

EXTRAORDINARY INCOME AND EXPENSE

. Extraordinary income

2.188.834

31.455.629

. . Gains on disposals

. . Other extraordinary income

2.188.834

31.455.629

. Extraordinary expense

-1.010.114

-239.391.086

-14.854.305

. . Losses on disposals

. . Taxes relating to prior years

. . Other extraordinary expense

-1.010.114

-239.391.086

-14.854.305

Total extraordinary income and expense

-1.010.114

-237.202.252

16.601.324

Results before income taxes

362.568.982

118.573.389

285.490.668

. Taxes on current income

86.801.311

77.549.655

77.578.350

. . current taxes

90.426.944

78.116.377

81.410.751

. . differed taxes(anticip.)

-3.625.633

-566.722

-3.832.401

. Net income for the period

275.767.671

41.023.734

207.912.318

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

275.767.671

41.023.734

207.912.318

 

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

0,54

0,42

0,46

0,13

Elasticity Ratio

Units

0,46

0,58

0,53

0,83

Availability of stock

Units

0,01

0,01

0,01

0,27

Total Liquidity Ratio

Units

0,45

0,58

0,52

0,52

Quick Ratio

Units

0,02

0,08

0,01

0,03

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

0,41

0,65

0,40

2,81

Self Financing Ratio

Units

0,66

0,53

0,67

0,20

Capital protection Ratio

Units

0,73

0,94

0,77

0,71

Liabilities consolidation quotient

Units

0,01

0,01

0,03

0,16

Financing

Units

0,44

0,80

0,41

3,28

Permanent Indebtedness Ratio

Units

0,67

0,54

0,68

0,36

M/L term Debts Ratio

Units

0,00

0,01

0,01

0,10

Net Financial Indebtedness Ratio

Units

0,00

0,00

0,00

1,19

CORRELATION

Fixed assets ratio

Units

1,23

1,29

1,46

1,93

Current ratio

Units

1,57

1,38

1,93

1,22

Acid Test Ratio-Liquidity Ratio

Units

1,55

1,36

1,91

0,78

Structure's primary quotient

Units

1,22

1,27

1,44

1,19

Treasury's primary quotient

Units

0,06

0,18

0,04

0,04

Rate of indebtedness ( Leverage )

%

151,07

188,47

149,36

490,08

Current Capital ( net )

Value

264.825.527

252.294.407

359.979.053

761.974

RETURN

Return on Sales

%

17,68

3,55

13,95

2,08

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

%

26,06

4,87

22,11

3,38

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

%

34,26

14,07

30,35

13,74

Return on Investment ( R.O.I. )

%

18,33

15,31

14,34

4,04

Return/ Sales

%

17,82

14,73

12,72

3,71

Extra Management revenues/charges incid.

%

94,11

16,87

103,23

17,68

Cash Flow

Value

290.675.465

58.527.774

221.046.373

114.315

Operating Profit

Value

293.020.727

243.153.045

201.408.513

185.891

Gross Operating Margin

Value

310.228.521

282.013.854

229.571.082

327.882

MANAGEMENT

Credits to clients average term

Days

52,55

54,79

59,31

111,38

Debts to suppliers average term

Days

122,12

112,76

90,37

107,36

Average stock waiting period

Days

2,21

1,88

2,19

89,78

Rate of capital employed return ( Turnover )

Units

1,03

1,04

1,13

1,05

Rate of stock return

Units

162,59

191,51

164,63

3,98

Labour cost incidence

%

5,32

5,72

5,70

11,64

Net financial revenues/ charges incidence

%

4,29

4,86

5,57

-1,98

Labour cost on purchasing expenses

%

6,40

6,62

6,42

11,40

Short-term financing charges

%

1,33

1,01

2,72

3,18

Capital on hand

%

97,23

96,21

88,68

94,61

Sales pro employee

Value

193.350

559.525

561.702

269.210

Labour cost pro employee

Value

10.289

32.003

32.006

31.336

 

 


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

:

3.839.216

Population living in the region

:

9.393.092

Number of families in the region

:

3.858.736

 

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

 

- per food products

:

460

- per non food products

:

2.090

- per energy consume

:

114



Statistical Detrimental Data

 

Statistically the trade activity passes through serious crises.

The area is statistically considered lowly risky.

In the region 50.886 protested subjects are found; in the province they count to 24.765.

The insolvency index for the region is 0,55, , while for the province it is 0,66.

Total Bankrupt companies in the province : 22.523.

Total Bankrupt companies in the region : 39.612.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.40

UK Pound

1

Rs.101.19

Euro

1

Rs.73.89

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.