MIRA INFORM REPORT

 

 

Report No. :

496531

Report Date :

09.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

PANAPESCA S.P.A.

 

 

Registered Office :

Via Giuseppe Mazzini, 31 51010 - Massa e Cozzile (PT)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

05.05.1981

 

 

Legal Form :

Joint stock company

 

 

Line of Business :

·         Wholesale of food, beverages and tobacco

·         Wholesale of freshly fished products

·         Retail sale of fish, crustaceans and molluscs in specialised stores

·         Activities of holding companies

 

 

No. of Employees :

111 to 130

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A+

 

Credit Rating

Explanation

Rating Comments

A+

Low Risk

Business dealings permissible with low risk of default

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Italy

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

ITALY - ECONOMIC OVERVIEW

 

Italy’s economy compromises a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, with a legacy of unemployment and underdevelopment. 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, reaching 131% of GDP in 2017. 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 records. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's longstanding structural economic problems, including labor market inefficiencies, a sluggish judicial system, and a weak banking sector. Italy’s economy returned to modest growth in late 2014 for the first time since 2011. In 2015-16, Italy’s economy grew at about 1% each year, and in 2017 growth accelerated to 1.5% of GDP. In 2017, overall unemployment was 11.4%, but youth unemployment remained high at 37.1%.

 

Source : CIA

 

Company name and address

 

Panapesca S.p.a.

 

Via Giuseppe Mazzini, 31

 

51010 - Massa e Cozzile (PT) -IT-

 

 

Summary

 

Fiscal Code

:

00161570478

Legal Form

:

Joint stock company

start of Activities

:

05/05/1981

Equity

:

Over 2.582.254

Turnover Range

:

100.000.000/150.000.000

Number of Employees

:

from 111 to 130

 

 

Activity

 

Wholesale of food, beverages and tobacco

Wholesale of freshly fished products

Retail sale of fish, crustaceans and molluscs in specialised stores

Activities of holding companies



Legal Data

 

Legal Form : Joint stock company

Fiscal Code : 00161570478

 

Foreign Trade Reg. no. : PT017051 since 21/01/2000

 

Chamber of Commerce no. : 208904 of Alessandria since 28/12/2000

 

Chamber of Commerce no. : 163853 of Ascoli Piceno

 

Chamber of Commerce no. : 101100 of Asti

 

Chamber of Commerce no. : 431308 of Bologna

 

Chamber of Commerce no. : 265462 of Cagliari

 

Chamber of Commerce no. : 284566 of Caserta

 

Chamber of Commerce no. : 236745 of Cuneo

 

Chamber of Commerce no. : 246624 of Foggia

 

Chamber of Commerce no. : 557909 of Firenze

 

Chamber of Commerce no. : 391911 of Genova

 

Chamber of Commerce no. : 112656 of Imperia

 

Chamber of Commerce no. : 120357 of Livorno

 

Chamber of Commerce no. : 139619 of Latina

 

Chamber of Commerce no. : 172049 of Lucca

 

Chamber of Commerce no. : 1659343 of Monza e Brianza

 

Chamber of Commerce no. : 1659343 of Milano

 

Chamber of Commerce no. : 687258 of Napoli

 

Chamber of Commerce no. : 163507 of Piacenza

 

Chamber of Commerce no. : 321050 of Padova

 

Chamber of Commerce no. : 255091 of Perugia

 

Chamber of Commerce no. : 155745 of Pisa

 

Chamber of Commerce no. : 476253 of Prato

 

Chamber of Commerce no. : 244823 of Parma

 

Chamber of Commerce no. : 174394 of Pesaro

 

Chamber of Commerce no. : 75800 of Pistoia since 18/12/1972

 

Chamber of Commerce no. : 265333 of Pavia

 

Chamber of Commerce no. : 963183 of Roma

 

Chamber of Commerce no. : 403550 of Rimini

 

Chamber of Commerce no. : 434523 of Salerno

 

Chamber of Commerce no. : 117625 of La Spezia

 

Chamber of Commerce no. : 136924 of Sassari

 

Chamber of Commerce no. : 207002 of Savona

 

Chamber of Commerce no. : 161394 of Teramo

 

Chamber of Commerce no. : 946392 of Torino

 

Chamber of Commerce no. : 965811 of Torino

 

Chamber of Commerce no. : 116975 of Trieste

 

Chamber of Commerce no. : 272333 of Varese

 

Chamber of Commerce no. : 137334 of Viterbo

 

Firms' Register : PT014-2795 of Pistoia since 19/02/1996

 

V.A.T. Code : 00161570478

 

Foundation date

: 11/11/1972

Establishment date

: 11/11/1972

Start of Activities

: 05/05/1981

Legal duration

: 31/12/2050

Nominal Capital

: 24.000.000

Subscribed Capital

: 24.000.000

Paid up Capital

: 24.000.000

 

Legal mail :

CONTABILITA@PANAPESCA.LEGALMAIL.IT

 

 

Members

 

Mapredil Centro Ovest S.p.a.

 

 

Residence:

Giuseppe Mazzini

, 26

- 51010

Massa e Cozzile

(PT)

- IT -

 

Position

Since

Shares Amount

% Ownership

Partner

 

No Prejudicial events are reported

 

No Protests registered

 

Panati

Andrea

 

Born in Firenze

(FI)

on 25/06/1966

- Fiscal Code : PNTNDR66H25D612O

 

Residence:

Loc. Pian Del Lago

, 1

- 51010

Massa e Cozzile

(PT)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

28/06/2017

Managing Director

28/06/2017

 

No Prejudicial events are reported

 

No Protests registered

 

Dami

Edoardo

 

Born in San Miniato

(PI)

on 06/04/1948

- Fiscal Code : DMADRD48D06I046X

 

Residence:

Don Milani

, 7

- 56029

Santa Croce sull'Arno

(PI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

28/06/2017



Panati

Vito

 

Born in Montecatini-Terme

(PT)

on 17/12/1936

- Fiscal Code : PNTVTI36T17A561H

 

Residence:

Della Torretta

, 20

- 51016

Montecatini-Terme

(PT)

- IT -

 

Position

Since

Shares Amount

% Ownership

Board Chairman

28/06/2017

Managing Director

28/06/2017

 

No Prejudicial events are reported

 

No Protests registered

 

Bartolini

Giordano

 

Born in Pistoia

(PT)

on 19/03/1935

- Fiscal Code : BRTGDN35C19G713X

 

Residence:

Dei Platani

, 11/A

- 51100

Pistoia

(PT)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

28/06/2017

Managing Director

28/06/2017

 

No Prejudicial events are reported

 

No Protests registered

 

Becciani

Roberto

 

Born in Pistoia

(PT)

on 05/01/1957

- Fiscal Code : BCCRRT57A05G713M

 

Residence:

Franchetti

, 11

- 51100

Pistoia

(PT)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

28/06/2017



Pellegrini

Michele

 

Born in Montecatini-Terme

(PT)

on 12/08/1959

- Fiscal Code : PLLMHL59M12A561T

 

Residence:

Nino Bixio

, 19

- 51016

Montecatini-Terme

(PT)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

28/06/2017



Bdo Italia S.p.a.

 

 

:

Abruzzi

, 94

- 20131

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Auditor

24/06/2016



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.

 

Panati

Andrea

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Ingrosso Toscano Alimenti Surgelati - SoCieta' A Responsabilita' Limitata Enunci

Scandicci (FI) - IT -

03666190487

Managing Director

Withdrawn

Ceased

Ingrosso Toscano Alimenti Surgelati - SoCieta' A Responsabilita' Limitata Enunci

Scandicci (FI) - IT -

03666190487

Board Chairman

Withdrawn

Ceased

S.i.s.a.-*societa' Italiana Surgelati AlImentari - S.p.a. In Sigla:*s.i.s

Scandicci (FI) - IT -

00439010489

Managing Director

Withdrawn

Ceased

S.i.s.a.-*societa' Italiana Surgelati AlImentari - S.p.a. In Sigla:*s.i.s

Scandicci (FI) - IT -

00439010489

Director

Withdrawn

Ceased

Mapredil Centro Ovest S.p.a.

Massa e Cozzile (PT) - IT -

00677760480

Managing Director

Withdrawn

Registered

Mapredil Centro Ovest S.p.a.

Massa e Cozzile (PT) - IT -

00677760480

Board Chairman

Withdrawn

Registered

Angiolini E Visibelli S.r.l.

Montecatini-Terme (PT) - IT -

00334820495

Liquidator

Withdrawn

Registered

Hotel Croce Di Malta S.r.l.

Massa e Cozzile (PT) - IT -

00088220470

Director

Active

Registered

Hotel Croce Di Malta S.r.l.

Massa e Cozzile (PT) - IT -

00088220470

Sole Director

Withdrawn

Registered

Hotel Croce Di Malta S.r.l.

Massa e Cozzile (PT) - IT -

00088220470

Managing Director

Active

Registered

Mega Surgelati S.r.l.

Ciampino (RM) - IT -

06153291007

Board Chairman

Withdrawn

Registered

Tri Marine Europe S.p.a.

Massa e Cozzile (PT) - IT -

00721120723

Director

Withdrawn

Ceased

Tri Marine Europe S.p.a.

Massa e Cozzile (PT) - IT -

00721120723

Managing Director

Withdrawn

Ceased

Rb Montecatini Terme S.r.l. Societa' Dilettantistica A Responsabilita' Limitata

Montecatini-Terme (PT) - IT -

01002370474

Director

Withdrawn

Registered

 

Panati

Vito

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

C.c.s. S.r.l. - Centro Catering Service

Massa e Cozzile (PT) - IT -

02868200581

Chairman

Withdrawn

Ceased

Geloittica S.r.l.

Roma (RM) - IT -

07393760587

Chairman

Withdrawn

Registered

Novoliva S.r.l.

Finale Ligure (SV) - IT -

00836740092

Director

Withdrawn

Ceased

Pia Prodotti Ittici Alimentari Spa

Massa e Cozzile (PT) - IT -

00265090597

Chairman

Withdrawn

Ceased

Pia Prodotti Ittici Alimentari Spa

Massa e Cozzile (PT) - IT -

00265090597

Board Chairman

Withdrawn

Ceased

Egeo S.r.l.

Pistoia (PT) - IT -

03460850484

Sole Director

Withdrawn

Bankrupt

ANCOOPESCA S.P.A.

Ancona (AN) - IT -

00217770429

Vice-Chairman

Withdrawn

Merged

Mapredil Centro Ovest S.p.a.

Massa e Cozzile (PT) - IT -

00677760480

Director

Withdrawn

Registered

Mapredil Centro Ovest S.p.a.

Massa e Cozzile (PT) - IT -

00677760480

Sole Director

Active

Registered

Mapredil Centro Ovest S.p.a.

Massa e Cozzile (PT) - IT -

00677760480

Partner

Withdrawn

Registered

Angiolini E Visibelli S.r.l.

Montecatini-Terme (PT) - IT -

00334820495

Sole Director

Withdrawn

Registered

Hotel Croce Di Malta S.r.l.

Massa e Cozzile (PT) - IT -

00088220470

Sole Director

Withdrawn

Registered

Hotel Croce Di Malta S.r.l.

Massa e Cozzile (PT) - IT -

00088220470

Director

Withdrawn

Registered

Hotel Croce Di Malta S.r.l.

Massa e Cozzile (PT) - IT -

00088220470

Managing Director

Active

Registered

Hotel Croce Di Malta S.r.l.

Massa e Cozzile (PT) - IT -

00088220470

Board Chairman

Active

Registered

TV LIBERA S.P.A.

Pistoia (PT) - IT -

01009110477

Chairman

Withdrawn

Registered

Panavio S.r.l.

Massa e Cozzile (PT) - IT -

01025400472

Sole Director

Withdrawn

Ceased

Panavio S.r.l.

Massa e Cozzile (PT) - IT -

01025400472

Liquidator

Withdrawn

Ceased

Ifima - Istituto Finanziario Investimenti Immobiliari Ed Azionari S.r.l.

Montecatini-Terme (PT) - IT -

01970670152

Sole Director

Withdrawn

Registered

Ifima - Istituto Finanziario Investimenti Immobiliari Ed Azionari S.r.l.

Montecatini-Terme (PT) - IT -

01970670152

Liquidator

Withdrawn

Registered

Montecatini Sporting Club S.p.a.

Montecatini-Terme (PT) - IT -

81006680474

Chairman

Withdrawn

Ceased

Societa' Armatoriale Pesca Atlantica S.r.l.

Massa e Cozzile (PT) - IT -

01232040475

Sole Director

Withdrawn

Ceased

Societa' Armatoriale Pesca Atlantica S.r.l.

Massa e Cozzile (PT) - IT -

01232040475

Liquidator

Withdrawn

Ceased

C.c.s. Srl Centro Catering Service

Gaeta (LT) - IT -

02868200581

Chairman

Withdrawn

Registered

SOCIETA' ARMATORIALE PESCA ATLANTICA S.R.L.

- -

01232040475

Sole Director

Withdrawn

Registered

SOCIETA' ARMATORIALE PESCA ATLANTICA S.R.L.

- -

01232040475

Liquidator

Withdrawn

Registered

Mega Surgelati S.r.l.

Ciampino (RM) - IT -

06153291007

Director

Active

Registered

Mega Surgelati S.r.l.

Ciampino (RM) - IT -

06153291007

Board Chairman

Active

Registered

Toscogel S.r.l.

Firenze (FI) - IT -

00911930485

Liquidator

Withdrawn

Ceased

ALBAFIN S.R.L.

Firenze (FI) - IT -

02768840106

Sole Director

Withdrawn

Registered

IFIMA SRL

Milano (MI) - IT -

01970670152

Sole Director

Withdrawn

Registered

Sitas S.r.l.

Milano (MI) - IT -

01761430154

Managing Director

Withdrawn

Ceased

MONTEFIN*FINANZIARIA*MONTECATINESE DI *INVESTIMENTI - S.P.A.

Montecatini-Terme (PT) - IT -

00410730477

Chairman

Withdrawn

Registered

Tri Marine Europe S.p.a.

Massa e Cozzile (PT) - IT -

00721120723

Chairman

Withdrawn

Ceased

Tri Marine Europe S.p.a.

Massa e Cozzile (PT) - IT -

00721120723

Managing Director

Withdrawn

Ceased

Albafin S.r.l.

Firenze (FI) - IT -

02768840106

Sole Director

Withdrawn

Ceased

Ifima Srl

Milano (MI) - IT -

01970670152

Sole Director

Withdrawn

Ceased

Ifima Srl

Milano (MI) - IT -

01970670152

Liquidator

Withdrawn

Ceased

Montefin*finanziaria*montecatinese Di *iNvestimenti - S.p.a.

Montecatini-Terme (PT) - IT -

00410730477

Chairman

Withdrawn

Ceased

Panatrade S.p.a.

Massa e Cozzile (PT) - IT -

00445160476

Board Chairman

Withdrawn

Ceased

Pana Freezer Center S.r.l.

Massa e Cozzile (PT) - IT -

01747280475

Sole Director

Withdrawn

Registered

Panaholding Argentina S.r.l.

Massa e Cozzile (PT) - IT -

01822800478

Sole Director

Active

Registered

Gaeta 1 Societa' A Responsabilita' Limitata Semplificata

Roma (RM) - IT -

14084701003

Sole Director

Active

Registered

Gaeta 1 Societa' A Responsabilita' Limitata Semplificata

Roma (RM) - IT -

14084701003

Sole partner

Active

Registered

Gaeta 2 Societa' A Responsabilita' Limitata Semplificata

Roma (RM) - IT -

14084711002

Sole Director

Active

Registered

Gaeta 2 Societa' A Responsabilita' Limitata Semplificata

Roma (RM) - IT -

14084711002

Sole partner

Active

Registered

 

Bartolini

Giordano

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

S.i.s.a.-*societa' Italiana Surgelati AlImentari - S.p.a. In Sigla:*s.i.s

Scandicci (FI) - IT -

00439010489

Managing Director

Withdrawn

Ceased

S.i.s.a.-*societa' Italiana Surgelati AlImentari - S.p.a. In Sigla:*s.i.s

Scandicci (FI) - IT -

00439010489

Director

Withdrawn

Ceased

Pia Prodotti Ittici Alimentari Spa

Massa e Cozzile (PT) - IT -

00265090597

Director

Withdrawn

Ceased

Mapredil Centro Ovest S.p.a.

Massa e Cozzile (PT) - IT -

00677760480

Director

Withdrawn

Registered

Europa Trading Corporation S.r.l.

Prato (FI) - IT -

02125450482

Director

Withdrawn

Registered

Fintex And Partners Italia S.p.a.

Pistoia (PT) - IT -

01116910470

Chairman

Withdrawn

Registered

Fintex And Partners Italia S.p.a.

Pistoia (PT) - IT -

01116910470

Director

Withdrawn

Registered

Fintex And Partners Italia S.p.a.

Pistoia (PT) - IT -

01116910470

Board Chairman

Withdrawn

Registered

Hotel Croce Di Malta S.r.l.

Massa e Cozzile (PT) - IT -

00088220470

Director

Withdrawn

Registered

Macolive S.p.a.

Massa e Cozzile (PT) - IT -

01490620463

Director

Withdrawn

Registered

Macolive S.p.a.

Massa e Cozzile (PT) - IT -

01490620463

Permanent Auditor

Withdrawn

Registered

Macolive S.p.a.

Massa e Cozzile (PT) - IT -

01490620463

Board Chairman

Withdrawn

Registered

TV LIBERA S.P.A.

Pistoia (PT) - IT -

01009110477

Director

Withdrawn

Registered

TV LIBERA S.P.A.

Pistoia (PT) - IT -

01009110477

Assistant board Chairman

Withdrawn

Registered

C.c.s. Srl Centro Catering Service

Gaeta (LT) - IT -

02868200581

Temporary Auditor

Active

Registered

Sviluppo Industriale S.p.a.

Pistoia (PT) - IT -

00814990479

Director

Withdrawn

Registered

Sviluppo Industriale S.p.a.

Pistoia (PT) - IT -

00814990479

Assistant board Chairman

Withdrawn

Registered

Sviluppo Industriale S.p.a.

Pistoia (PT) - IT -

00814990479

Board Chairman

Withdrawn

Registered

MARINE FISHING S.R.L.

Lugo (RA) - IT -

01234580395

Director

Withdrawn

Registered

Consorzio Pistoiese Per L'energia

Pistoia (PT) - IT -

01402450470

Director

Withdrawn

Registered

Leticart S.r.l.

Pieve a Nievole (PT) - IT -

01350020473

Director

Withdrawn

Registered

Leticart S.r.l.

Pieve a Nievole (PT) - IT -

01350020473

Managing Director

Withdrawn

Registered

Uniservice Societa' Consortile A Responsabilita' Limitata

Pistoia (PT) - IT -

01373940475

Director

Withdrawn

Registered

Macolive Investimenti S.p.a.

Massa e Cozzile (PT) - IT -

01379640475

Sole Director

Withdrawn

Registered

Macolive Investimenti S.p.a.

Massa e Cozzile (PT) - IT -

01379640475

Permanent Auditor

Withdrawn

Registered

Tri Marine Europe S.p.a.

Massa e Cozzile (PT) - IT -

00721120723

Director

Withdrawn

Ceased

Toscofin Real S.p.a.

Prato (PO) - IT -

02063240978

Director

Withdrawn

Registered

Panatrade S.p.a.

Massa e Cozzile (PT) - IT -

00445160476

Director

Withdrawn

Ceased

Panatrade S.p.a.

Massa e Cozzile (PT) - IT -

00445160476

Managing Director

Withdrawn

Ceased

Toscofin Societa' Per Azioni O In FormaAbbreviata Toscofin S.p.a.

Prato (PO) - IT -

01704620481

Chairman

Withdrawn

Registered

Toscofin Societa' Per Azioni O In FormaAbbreviata Toscofin S.p.a.

Prato (PO) - IT -

01704620481

Board Chairman

Active

Registered

Macolive Trading S.p.a.

Massa e Cozzile (PT) - IT -

01768460477

Board Chairman

Active

Registered

N.m.i. Srl

Massa e Cozzile (PT) - IT -

01905330476

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

Mapredil Centro Ovest S.p.a.

Massa e Cozzile - IT -

00677760480

7.510.973 .Eur

31,29

Panati Vito

Montecatini-Terme - IT -

PNTVTI36T17A561H

16.489.027 .Eur

68,70



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

Sviluppo Industriale S.p.a.

Pistoia - IT -

00814990479

16.917 .Eur

2,69

Active

C.c.s. S.r.l. - Centro Catering Service

Massa e Cozzile - IT -

02868200581

1.004.509 .Eur

97,24

Ceased

Mega Surgelati S.r.l.

Ciampino - IT -

06153291007

14.000 .Eur

70,00

Active

Tirrenica Company S.r.l.

Grosseto - IT -

01333220539

4.957 .Eur

47,99

Active



Firm's location and structure

 

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

 

-

Legal and operative seat

since 11/11/1972

 

Giuseppe Mazzini

, 31

- 51010

- Massa e Cozzile

(PT)

- IT -

 

Total Surface: 348 Sq.mt.

 

PHONE

: 05727791

 

FAX

: 0572772186

 

Legal mail

: CONTABILITA@PANAPESCA.LEGALMAIL.IT

 

-

Branch

(Shop)

since 01/12/2000

until 31/10/2001

 

Varese

, 26

- 21013

- Gallarate

(VA)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 183 Sq.mt.

 

PHONE

: 0106121881

 

PHONE

: 0331782490

 

-

Branch

(Shop)

since 22/12/2000

 

Dei Georgofili

, 108/118

- 00100

- Roma

(RM)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 110 Sq.mt.

 

PHONE

: 0659601776

 

-

Branch

(Warehouse)

since 01/12/2000

 

Per Caronno

, 37

- 21040

- Origgio

(VA)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 300 Sq.mt.

 

PHONE

: 065694994

 

-

Branch

(Shop)

since 01/12/2000

 

Marconi

, 40

- 15011

- Acqui Terme

(AL)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 200 Sq.mt.

 

-

Branch

(Warehouse)

since 01/12/2000

 

Antonio Segni

, 12

- 00043

- Ciampino

(RM)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 139 Sq.mt.

 

-

Branch

(Shop)

since 29/03/2006

 

Gorizia Ang. V.gulielmotti

, 1/3/5

- 00053

- Civitavecchia

(RM)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 115 Sq.mt.

 

-

Branch

(Shop)

since 22/06/2006

 

Roberto Malatesta

, 120/122

- 00100

- Roma

(RM)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 100 Sq.mt.

 

-

Branch

(Point of sale)

since 01/03/2005

 

Tenuta Del Cavaliere

, 1

- 00012

- Guidonia Montecelio

(RM)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 183 Sq.mt.

 

-

Branch

(Warehouse)

since 01/12/2000

 

Giuseppe Mazzini

, 30/D

- 51010

- Massa e Cozzile

(PT)

- IT -

 

-

Branch

(Shop)

since 10/07/2009

 

Garibaldi

, S.N.C.

- 00034

- Colleferro

(RM)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 150 Sq.mt.

 

-

Branch

(Shop)

since 15/04/2003

 

Antonio Segni

, SNC

- 00043

- Ciampino

(RM)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 186 Sq.mt.

 

-

Branch

(Shop)

since 27/12/2000

 

Acqui Terme

, 39/41

- 14049

- Nizza Monferrato

(AT)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 140 Sq.mt.

 

-

Branch

(Warehouse)

since 01/12/2000

 

Lucrezia Romana

- 00043

- Ciampino

(RM)

- IT -

 

-

Branch

(Shop)

since 22/12/2000

 

Aporti Ferrante

, 52

- 20100

- Milano

(MI)

- IT -

 

Total Surface: 178 Sq.mt.

 

-

Branch

(Warehouse)

since 01/12/2000

 

Traccia A Poggioreale

, 609

- 80100

- Napoli

(NA)

- IT -

 

-

Branch

(Shop)

since 09/05/2008

 

Tortona

, 4/6/8/10

- 15100

- Alessandria

(AL)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 137 Sq.mt.

 

-

Branch

since 18/12/2008

 

Lombroso Cesare

, 95

- 20100

- Milano

(MI)

- IT -

 

-

Branch

(Shop)

since 10/09/2009

 

Italia

, 448

- 19100

- La Spezia

(SP)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 70 Sq.mt.

 

-

Branch

(Shop)

since 16/12/2009

 

Bobbio

, 3/5/7

- 27058

- Voghera

(PV)

- IT -

 

Total Surface: 198 Sq.mt.

 

-

Branch

(Shop)

since 01/12/2000

 

Giuseppe Mazzini

, 26

- 51010

- Massa e Cozzile

(PT)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 348 Sq.mt.

 

-

Branch

(Warehouse)

since 01/12/2000

 

Giuseppe Mazzini

, 25

- 51010

- Massa e Cozzile

(PT)

- IT -

 

-

Branch

(Shop)

since 01/12/2000

 

Stazione Centrale

, 10/16

- 15076

- Ovada

(AL)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 140 Sq.mt.

 

-

Branch

(Shop)

since 24/11/2004

 

Leonardo Da Vinci

, 71-71/A

- 50059

- Vinci

(FI)

- IT -

 

Total Surface: 238 Sq.mt.

 

-

Branch

(Shop)

since 10/02/2001

 

Ansaldo Giovanni-p.za Massena

- 16100

- Genova

(GE)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 103 Sq.mt.

 

-

Branch

(Shop)

since 14/09/2001

 

Ventimiglia

, 93- 95

- 16100

- Genova

(GE)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 183 Sq.mt.

 

-

Branch

(Shop)

since 03/05/2010

 

Pietro Mascagni

, 92

- 16100

- Genova

(GE)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 160 Sq.mt.

 

-

Branch

(Shop)

since 28/12/2000

 

Belgrano

, 9/11

- 18100

- Imperia

(IM)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 297 Sq.mt.

 

-

Branch

(Shop)

since 01/12/2000

 

Gherardi Del Testa

, 9/111

- 57100

- Livorno

(LI)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 193 Sq.mt.

 

-

Branch

(Warehouse)

 

Di Montramito

, 13 R

- 55054

- Massarosa

(LU)

- IT -

 

Total Surface: 149 Sq.mt.

 

-

Branch

(Shop)

since 30/01/2006

 

Augusto Passaglia

, 86

- 55100

- Lucca

(LU)

- IT -

 

Total Surface: 128 Sq.mt.

 

-

Branch

(Shop)

since 01/12/2000

 

Traccia A Poggireale

, 607

- 80100

- Napoli

(NA)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 130 Sq.mt.

 

-

Branch

(Shop)

since 28/12/2000

 

Delle Repubbliche Marinare

, 68/70/74

- 00100

- Roma

(RM)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 300 Sq.mt.

 

-

Branch

(Warehouse)

since 01/12/2000

 

Predda Niedda Nord Strada N. 1

- 07100

- Sassari

(SS)

- IT -

 

-

Branch

(Shop)

since 27/12/2000

 

Madonnina

, 4/A

- 34100

- Trieste

(TS)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 139 Sq.mt.

 

-

Branch

(Shop)

since 01/12/2000

 

Per Caronno

, 35

- 21040

- Origgio

(VA)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 201 Sq.mt.

 

-

Branch

(Warehouse)

since 01/12/2013

 

Valle Cupa

, 27

- 64010

- Controguerra

(TE)

- IT -

 

-

Branch

(office)

since 27/02/2017

 

Zona Industriale Macchiareddu

, SNC

- 09010

- Uta

(CA)

- IT -

 

-

Branch

(Shop)

since 26/07/2017

 

Str.prov.sestu-elmas Km 2.950

, SNC

- 09028

- Sestu

(CA)

- IT -

 

Total Surface: 101 Sq.mt.

 

-

Branch

(Shop)

since 19/09/2017

 

Sant Alenixedda

, 117-121

- 09100

- Cagliari

(CA)

- IT -

 

Trading Style: FRESCHEZZA DI MARE - CRIOS

 

Total Surface: 152 Sq.mt.

 

-

Branch

(Shop)

since 20/07/2017

 

Agnoletti

, 20

- 50018

- Scandicci

(FI)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 115 Sq.mt.

 

-

Branch

(Shop)

since 20/07/2017

 

Matteotti

, 1

- 18039

- Ventimiglia

(IM)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 134 Sq.mt.

 

-

Branch

(Shop)

since 03/08/2017

 

Isonzo

, 221

- 04100

- Latina

(LT)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 157 Sq.mt.

 

-

Branch

(Shop)

since 20/07/2017

 

Erba

, 96

- 20037

- Paderno Dugnano

(MI)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 226 Sq.mt.

 

-

Branch

(Warehouse)

since 14/07/2017

 

Pennabilli

, 6

- 47036

- Riccione

(RN)

- IT -

 

-

Branch

(Shop)

since 20/07/2017

 

Guido Bono

, 59R

- 17100

- Savona

(SV)

- IT -

 

Trading Style: CRIOS

 

Total Surface: 100 Sq.mt.

 

Employees

: 128

 

Assistants

: 1

 

Fittings and Equipment for a value of 2.070.000

Eur

 

Stocks for a value of 30.210.000

Eur

 

 

Historical Information and/or Firm's Status

 

CHANGES TO THE LEGAL FORM:

 

Former legal form

New legal form

Changement Date

Limited liability company

Joint stock company

05/05/1981

 

CEASINGS/INCORPORATIONS/MERGES:

 

The firm absorved

 

Panapesca S.p.a.

 

Giuseppe Mazzini

, 31

, 51010

, Massa e Cozzile

(PT)

- IT -

 

Date

:

21/11/2000

 

The firm absorved

 

Panatrade S.p.a.

 

Mazzini

, 26

, 51010

, Massa e Cozzile

(PT)

- IT -

 

Fiscal Code: 00445160476

 

Date

:

06/12/2000

 

Project of merging by taking over of

 

Panatrade S.p.a.

 

Mazzini

, 26

, 51010

, Massa e Cozzile

(PT)

- IT -

 

Fiscal Code: 00445160476

 

Date

Merging/splitting-up project:

15/06/2000

 

The firm absorbed by merging of

 

Panatrade S.p.a.

 

Mazzini

, 26

, 51010

, Massa e Cozzile

(PT)

- IT -

 

Fiscal Code: 00445160476

 

Date

:

06/12/2000

 

Project of merging by taking over of

 

Pia Prodotti Ittici Alimentari Spa

 

Mazzini

, 31

, 51010

, Massa e Cozzile

(PT)

- IT -

 

Fiscal Code: 00265090597

 

Date

Merging/splitting-up project:

20/06/2001

 

The firm absorbed by merging of

 

Pia Prodotti Ittici Alimentari Spa

 

Mazzini

, 31

, 51010

, Massa e Cozzile

(PT)

- IT -

 

Fiscal Code: 00265090597

 

Date

:

05/03/2002

 

Project of merging by taking over of

 

S.i.s.a.-*societa' Italiana Surgelati AlImentari - S.p.a. In Sigla:*s.i.s

 

Del Padule

, 23/H

, 50018

, Scandicci

(FI)

- IT -

 

Fiscal Code: 00439010489

 

Date

Merging/splitting-up project:

30/06/2004

 

The firm absorbed by merging of

 

S.i.s.a.-*societa' Italiana Surgelati AlImentari - S.p.a. In Sigla:*s.i.s

 

Del Padule

, 23/H

, 50018

, Scandicci

(FI)

- IT -

 

Fiscal Code: 00439010489

 

Date

:

06/12/2004

 

Splitting-up project and setting-up of new co

 

Date

Merging/Splitting-up Project-New Company:

01/10/2013

 

Splitting-up and setting-up of new Co. Resol.

 

PANAHOLDING ARGENTINA S.R.L.

 

, Massa E Cozzile

- IT -

 

Date

Splitting-up:

15/10/2013

 

Splitting-up and setting-up of a new company

 

Panaholding Argentina S.r.l.

 

Mazzini

, 31

, 51010

, Massa e Cozzile

(PT)

- IT -

 

Fiscal Code: 01822800478

 

Date

Splitting-up:

19/12/2013

 

Project of merging by taking over of

 

Pana Freezer Center S.r.l.

 

Mazzini

, 31

, 51010

, Massa e Cozzile

(PT)

- IT -

 

Fiscal Code: 01747280475

 

Date

Merging/splitting-up project:

16/03/2017

 

Resolution of merging of

 

Pana Freezer Center S.r.l.

 

Mazzini

, 31

, 51010

, Massa e Cozzile

(PT)

- IT -

 

Fiscal Code: 01747280475

 

Date

:

05/04/2017

 

The firm absorbed by merging of

 

Pana Freezer Center S.r.l.

 

Mazzini

, 31

, 51010

, Massa e Cozzile

(PT)

- IT -

 

Fiscal Code: 01747280475

 

Date

:

07/07/2017



Protests

 

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



Negativities

 

In the name of the firm the following events are registered:

 

 

Type

Expiry Date

Amount in

Reason

Result

Closure Date

Inquiry before contentious procedure

26/08/2014

 

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.

 

 

National Real Estates Survey

 

The firm under review, by the reported percentages, owns the following real estates:

 

Town

Cadastre

No. Immovables

Up to Date

GAETA (LT)

Buildings

3

05/03/2018

MASSA E COZZILE (PT)

Buildings

5

05/03/2018

MASSA E COZZILE (PT)

Land

6

05/03/2018

MONTECATINI TERME (PT)

Buildings

1

05/03/2018

 

Buildings Details

 

Cadastre

Title

Location

Sheet No.

Particle No.

Sub No.

Categorie

Classe

Consistence

Cadastrial Rent

Part No.

B

Proprieta' per 1/1

GAETA (LT) LUNGOMARE GIOVANNI CABOTO, SC Piano T

36

2542

1

zona2 cat. C/2

4

1868 mq

Euro:2.315,38

B

Proprieta' per 1/1

GAETA (LT) LUNGOMARE GIOVANNI CABOTO, SNC Piano T-1

36

3154

zona2 cat. D/7

Euro: 7.326,00

B

Proprieta' per 1/1

GAETA (LT) LUNGOMARE GIOVANNI CABOTO, SNC Piano T

36

3155

1

cat. F/1

B

Proprieta' per 1/1

MASSA E COZZILE (PT) VIA GIUSEPPE MAZZINI, Piano T-1

17

229

2

cat. D/1

Euro: 55.685,00

B

Proprieta' per 1/1

MASSA E COZZILE (PT) VIA GIUSEPPE MAZZINI, Piano T-1

17

229

3

cat. D/1

Euro: 34.494,00

B

Proprieta' per 1/1

MASSA E COZZILE (PT) VIA GIUSEPPE MAZZINI, Piano T

17

229

4

cat. D/1

Euro: 6.849,00

B

Proprieta' per 1/1

MASSA E COZZILE (PT) VIA GIUSEPPE MAZZINI, 31 Piano T

17

392

10

cat. D/8

Euro: 7.972,00

B

Proprieta' per 1/1

MASSA E COZZILE (PT) VIA GIUSEPPE MAZZINI, 31 Piano T-1 - 2

17

392

9

cat. D/8

Euro: 52.042,00

B

Proprieta' per 1/1

MONTECATINI TERME (PT) VIA UMBRIA, 22 Piano 2

25

542

11

zona2 cat. A/3

3

4 vani

Euro:175,60

1000926

 

Land Details

 

Cadastre

Title

Location

Sheet No.

Particle No.

Sub No.

Category

Class

Consistence

Cadastrial Rent

Part No.

L

Proprieta' per 1/1

MASSA E COZZILE (PT)

17

1339

PRATO

U

2 are 70 ca

R.D.Euro:1,20 (*) R.A. Euro: 0,42

3070

L

Proprieta' per 1/1

MASSA E COZZILE (PT)

17

1341

PRATO

U

1 are 35 ca

R.D.Euro:0,60 (*) R.A. Euro: 0,21

3070

L

Proprieta' per 1/1

MASSA E COZZILE (PT)

17

1651

SEMIN ARBOR

2

57 are 48 ca

R.D.Euro:29,98 (*) R.A. Euro: 31,17

2981

L

Proprieta' per 1/1

MASSA E COZZILE (PT)

17

1652

SEMIN ARBOR

2

23 are 24 ca

R.D.Euro:12,12 (*) R.A. Euro: 12,60

2981

L

Proprieta' per 1/1

MASSA E COZZILE (PT)

17

289

SEMIN ARBOR

1

89 are 65 ca

R.D.Euro:56,02 (*) R.A. Euro: 55,56

4854

L

Proprieta' per 1/1

MASSA E COZZILE (PT)

17

337

PRATO

U

16 are 75 ca

R.D.Euro:7,44 (*) R.A. Euro: 2,60

5074

 

All responsibilities are declined regarding any possible omissions concerning the given results. Therefore, we advise to request for "Hypothecating Survey Inspection" c/o the locally competent RR.II. Immovables Registry, as this service doesn't fully guarantees the actual title of the Real Estates of the requested Subject.



Financial and Economical Analysis

 

Subject is active since 1981

The economic-financial analysis has been made on the base of the b/s of the latests three years.

Under an economic point of view, profits were registered during the last years with a r.o.e. of 5,83% in 2016 but without a significant increase in the turnover.

The return on Investment in the last financial year was positive (4,56%) and in line with the sector's average.

The amount of the operating result is equal to Eur. 5.502.066 with a 64,4% growth.

The G.O.M. amounted to Eur. 8.199.712 on the same levels as the previous financial year.

The analysis shows a fair financial position as the indebtedness volume is acceptable (2,39) with an improving trend as on the decrease.

The management generated equity capital for an amount of Eur. 31.980.565 , stable in comparison with the value of the previous year.

In the year 2016 total debts amounted to Eur. 84.959.830 , with no sensible variation.

Bank borrowings' volume is slightly high but it modestly dips into suppliers credit, 80,74 gg. is the payments' average time lined up with the sector.

Payments are supported by good current assets.

Accounts receivable average term is 78,34 days. , on the same levels as the sector's average.

2016 financial year closed with a cash flow of Eur. 4.262.296

In the last financial year labour cost was of Eur. 5.445.105, with a 3,97% incidence on total costs of production. , whereas the incidence of such costs on sales revenues is equal to 3,86%.

If compared to the sales volume (-1,4%), the impact of the financial charges is limited.



Financial Data

 

Complete balance-sheet for the year

al 31/12/2016

(in Eur

x 1)

 

Item Type

Value

Sales

141.094.962

Profit (Loss) for the period

1.864.650

 

Complete balance-sheet for the year

al 31/12/2015

(in Eur

x 1)

 

Item Type

Value

Sales

132.853.196

Profit (Loss) for the period

164.366

 

Complete balance-sheet for the year

al 31/12/2014

(in Eur

x 1)

 

Item Type

Value

Sales

138.670.595

Profit (Loss) for the period

1.192.416

 

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

 

Item Type

Value

Sales

168.726.601

Profit (Loss) for the period

5.421.641

 

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

 

Item Type

Value

Sales

198.443.538

Profit (Loss) for the period

448.575



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 31/12/2016 - 12 Mesi - Currency: - Amounts x 1

 

- Balance Sheet as at 31/12/2015 - 12 Mesi - Currency: - Amounts x 1

 

- Balance Sheet as at 31/12/2014 - 12 Mesi - Currency: - Amounts x 1

 

Years

2016

2015

2014

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

11.400

. . Research,develop. and advert.expens.

1.000

. . Industrial patent rights

. . Concessions,licenses,trademarks,etc.

2.518.154

2.899.963

3.256.795

. . Goodwill

480.000

600.000

720.000

. . Assets in formation and advance paymen.

7.500

. . Other intangible fixed assets

81.732

40.476

46.092

. Total Intangible Fixed Assets

3.079.886

3.541.439

4.041.787

. TANGIBLE FIXED ASSETS

. . Real estate

11.590.183

12.328.468

13.157.919

. . Plant and machinery

1.418.087

1.369.069

1.244.689

. . Industrial and commercial equipment

652.847

796.042

924.047

. . Other assets

. . Assets under construction and advances

641.863

648.944

736.228

. Total Tangible fixed assets

14.302.980

15.142.523

16.062.883

. FINANCIAL FIXED ASSETS

. . Equity investments

12.050.166

12.126.144

12.141.792

. . . Equity invest. in subsidiary companies

10.374.015

10.369.015

10.368.999

. . . Equity invest. in associated companies

1.656.747

1.656.747

1.656.747

. . . Equity invest. in holding companies

. . . Equity invest. in other companies

19.404

100.382

116.046

. . Financial receivables

5.567.971

5.945.860

6.897.823

. . . . Within 12 months

2.744.797

2.810.097

3.157.977

. . . . Beyond 12 months

2.823.174

3.135.763

3.739.846

. . . Receivab due from subsidiaries

10.488

471.409

562.120

. . . . Within 12 months

10.488

471.409

562.120

. . . . 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

5.557.483

5.474.451

6.335.703

. . . . Within 12 months

2.734.309

2.338.688

2.595.857

. . . . Beyond 12 months

2.823.174

3.135.763

3.739.846

. . Other securities

500.000

500.000

501.250

. . Own shares

. . . Total nominal value

. Total financial fixed assets

18.118.137

18.572.004

19.540.865

Total fixed assets

35.501.003

37.255.966

39.645.535

CURRENT ASSETS

. INVENTORIES

. . Raw materials and other consumables

. . Work in progress and semimanufactured

. . Work in progress on order

. . Finished goods

30.214.292

26.155.663

27.809.694

. . Advance payments

. Total Inventories

30.214.292

26.155.663

27.809.694

. CREDITS NOT HELD AS FIXED ASSETS

. . Within 12 months

43.162.788

44.786.844

58.066.548

. . Beyond 12 months

8.808.647

12.680.829

. . Trade receivables

30.702.082

31.489.948

31.245.942

. . . . Within 12 months

30.702.082

31.489.948

31.245.942

. . . . Beyond 12 months

. . Receivables due from subsid. comp.

3.253.896

2.854.879

2.695.594

. . . . Within 12 months

3.253.896

2.854.879

2.695.594

. . . . Beyond 12 months

. . Receivables due from assoc. comp.

46.564

37.427

36.283

. . . . Within 12 months

46.564

37.427

36.283

. . . . Beyond 12 months

. . Receivables due from holding comp.

. . . . Within 12 months

. . . . Beyond 12 months

. . Fiscal Receivables

212.125

345.663

732.072

. . . . Within 12 months

212.125

345.663

732.072

. . . . Beyond 12 months

. . Receivables for anticipated taxes

2.457.141

2.970.920

2.224.423

. . . . Within 12 months

2.457.141

2.247.606

2.224.423

. . . . Beyond 12 months

723.314

. . Receivables due from third parties

15.299.627

19.768.836

21.132.234

. . . . Within 12 months

6.490.980

7.811.321

21.132.234

. . . . Beyond 12 months

8.808.647

11.957.515

. Total Credits not held as fixed assets

51.971.435

57.467.673

58.066.548

. 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

1.234.825

584.548

1.156.020

. . Checks

. . Banknotes and coins

829.755

286.031

388.048

. Total Liquid funds

2.064.580

870.579

1.544.068

Total current assets

84.250.307

84.493.915

87.420.310

ADJUSTMENT ACCOUNTS

. Discount on loans

925.271

. Other adjustment accounts

784.677

842.518

Total adjustments accounts

784.677

842.518

925.271

TOTAL ASSETS

120.535.987

122.592.399

127.991.116

LIABILITIES

STOCKHOLDERS' EQUITY

. Capital stock

24.000.000

24.000.000

24.000.000

. Additional paid-in capital

. Revaluation reserves

3.000.480

3.000.480

3.000.480

. Legal reserve

1.826.492

1.818.274

1.758.653

. Reserve for Own shares

. Statute reserves

. Other reserves

1.288.943

1.132.795

. Accumulated Profits (Losses)

. Profit( loss) of the year

1.864.650

164.366

1.192.416

. Advances on dividends

. Partial loss of the year Coverage

Total Stockholders'Equity

31.980.565

30.115.915

29.951.549

RESERVES FOR RISKS AND CHARGES

. . Reserve for employee termination indem.

. . Taxation fund, also differed

566.253

600.023

281.935

. . Other funds

964.161

1.628.879

706.603

Total Reserves for Risks and Charges

1.530.414

2.228.902

988.538

Employee termination indemnities

1.270.158

1.376.533

1.590.732

ACCOUNTS PAYABLE

. . . . Within 12 months

78.345.197

85.345.429

94.706.088

. . . . Beyond 12 months

6.614.633

2.735.724

. . 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

52.891.800

54.336.994

61.860.898

. . . . Within 12 months

46.597.125

51.813.500

61.860.898

. . . . Beyond 12 months

6.294.675

2.523.494

. . Due to other providers of finance

. . . . Within 12 months

. . . . Beyond 12 months

. . Advances from customers

. . . . Within 12 months

. . . . Beyond 12 months

. . Trade payables

22.508.888

24.640.597

25.407.714

. . . . Within 12 months

22.508.888

24.640.597

25.407.714

. . . . Beyond 12 months

. . Securities issued

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to subsidiary companies

7.027.516

6.376.322

4.489.469

. . . . Within 12 months

7.027.516

6.376.322

4.489.469

. . . . Beyond 12 months

. . Due to associated companies

39.236

37.989

34.065

. . . . Within 12 months

39.236

37.989

34.065

. . . . Beyond 12 months

. . Due to holding companies

. . . . Within 12 months

. . . . Beyond 12 months

. . Due to the tax authorities

673.952

953.619

1.256.621

. . . . Within 12 months

643.717

914.116

1.256.621

. . . . Beyond 12 months

30.235

39.503

. . Due to social security and welfare inst.

332.422

510.540

664.416

. . . . Within 12 months

332.422

467.102

664.416

. . . . Beyond 12 months

. . Other payables

1.486.016

1.225.092

992.905

. . . . Within 12 months

1.196.293

1.095.803

992.905

. . . . Beyond 12 months

289.723

129.289

Total accounts payable

84.959.830

88.081.153

94.706.088

ADJUSTMENT ACCOUNTS

. Agio on loans

. Other adjustment accounts

795.020

789.896

754.209

Total adjustment accounts

795.020

789.896

754.209

TOTAL LIABILITIES

120.535.987

122.592.399

127.991.116

 

MEMORANDUM ACCOUNTS

 

Third party goods

Investment accounts

11.522.741

Risk accounts

32.308.790

Civil and fiscal norms relation

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

. Revenues from sales and services

141.094.962

132.853.196

138.670.595

. Changes in work in progress

. Changes in semi-manufact. products

. Capitalization of internal work

. Other income and revenues

1.607.015

1.524.712

1.432.771

. . Contributions for operating expenses

. . Different income and revenues

1.607.015

1.524.712

1.432.771

Total value of production

142.701.977

134.377.908

140.103.366

PRODUCTION COSTS

. Raw material,other materials and consum.

112.677.276

99.956.314

107.366.182

. Services received

16.965.728

17.737.501

. Leases and rentals

2.220.100

2.219.148

20.777.025

. Payroll and related costs

5.445.105

5.277.173

6.245.986

. . Wages and salaries

3.748.998

3.513.940

4.376.279

. . Social security contributions

1.160.379

1.116.874

1.430.431

. . Employee termination indemnities

285.206

267.556

332.562

. . Pension and similar

. . Other costs

250.522

378.803

106.714

. Amortization and depreciation

2.397.646

2.522.835

2.696.204

. . Amortization of intangible fixed assets

543.107

547.657

539.321

. . Amortization of tangible fixed assets

1.514.623

1.605.846

1.768.111

. . Depreciation of tangible fixed assets

. . Writedown of current receiv.and of liquid

339.916

369.332

388.772

. Changes in raw materials

-4.058.629

1.654.031

-3.407.247

. Provisions to risk reserves

300.000

1.000.000

. Other provisions

. Other operating costs

1.252.685

664.275

1.356.978

Total production costs

137.199.911

131.031.277

135.035.128

Diff. between value and cost of product.

5.502.066

3.346.631

5.068.238

FINANCIAL INCOME AND EXPENSE

. Income from equity investments

447

12

18

. . In subsidiary companies

. . In associated companies

. . In other companies

447

18

. Other financial income

350.265

250.024

294.876

. . Financ.income from receivables

211.732

272.490

. . . Towards subsidiary companies

1.199

13.911

. . . Towards associated companies

. . . Towards holding companies

. . . Towards other companies

210.533

258.579

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

8.957

7.048

. . Financ.income from secur. cur.assets

8.267

. . Financ.income other than the above

129.576

14.119

. . . - Subsidiary companies

. . . - Associated companies

. . . - Holding companies

. . . - Other companies

129.576

14.119

. Interest and other financial expense

-2.323.468

-2.842.866

-3.151.684

. . Towards subsidiary companies

. . Towards associated companies

. . Towards holding companies

. . Towards other companies

-3.151.684

Total financial income and expense

-1.972.756

-2.592.830

-2.856.790

ADJUSTMENTS TO FINANCIAL ASSETS

. Revaluations

. . Of equity investments

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

. . Of securities incl.among current assets

. Devaluation

-68.783

-16.883

-1.016.918

. . Of equity investments

-68.783

-16.883

-1.016.918

. . Of financial fixed assets (no equity inv)

. . Of securities included among current ass

Total adjustments to financial assets

-68.783

-16.883

-1.016.918

EXTRAORDINARY INCOME AND EXPENSE

. Extraordinary income

71.062

2.290.959

. . Gains on disposals

2.085.164

. . Other extraordinary income

71.062

205.795

. Extraordinary expense

-79.594

-1.391.830

. . Losses on disposals

-1.525

. . Taxes relating to prior years

. . Other extraordinary expense

-79.594

-1.390.305

Total extraordinary income and expense

-8.532

899.129

Results before income taxes

3.460.527

728.386

2.093.659

. Taxes on current income

1.595.877

564.020

901.243

. . current taxes

1.115.868

992.429

965.920

. . differed taxes(anticip.)

-428.409

-64.677

. Net income for the period

1.864.650

164.366

1.192.416

. Adjustments in tax regulations pursuance

. Provisions in tax regulations pursuance

. Profit (loss) of the year

1.864.650

164.366

1.192.416

 

RATIOS

Value Type

as at 31/12/2016

as at 31/12/2015

as at 31/12/2014

Sector Average

COMPOSITION ON INVESTMENT

Rigidity Ratio

Units

0,29

0,30

0,31

0,13

Elasticity Ratio

Units

0,70

0,69

0,68

0,85

Availability of stock

Units

0,25

0,21

0,22

0,16

Total Liquidity Ratio

Units

0,45

0,48

0,47

0,62

Quick Ratio

Units

0,02

0,01

0,01

0,03

COMPOSITION ON SOURCE

Net Short-term indebtedness

Units

2,39

2,80

3,11

5,02

Self Financing Ratio

Units

0,27

0,25

0,23

0,13

Capital protection Ratio

Units

0,19

0,20

0,16

0,58

Liabilities consolidation quotient

Units

0,10

0,05

0,02

0,10

Financing

Units

2,66

2,92

3,16

6,17

Permanent Indebtedness Ratio

Units

0,33

0,28

0,25

0,25

M/L term Debts Ratio

Units

0,07

0,03

0,01

0,07

Net Financial Indebtedness Ratio

Units

1,59

1,78

2,01

1,16

CORRELATION

Fixed assets ratio

Units

1,12

0,92

0,80

1,57

Current ratio

Units

1,08

0,99

0,92

1,09

Acid Test Ratio-Liquidity Ratio

Units

0,69

0,68

0,63

0,85

Structure's primary quotient

Units

0,90

0,81

0,76

0,96

Treasury's primary quotient

Units

0,03

0,01

0,02

0,05

Rate of indebtedness ( Leverage )

%

376,90

407,07

427,33

743,68

Current Capital ( net )

Value

5.905.110

-851.514

-7.285.778

70.465

RETURN

Return on Sales

%

3,02

2,02

2,80

1,66

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

%

5,83

0,55

3,98

6,68

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

%

10,82

2,42

6,99

19,39

Return on Investment ( R.O.I. )

%

4,56

2,73

3,96

3,84

Return/ Sales

%

3,90

2,52

3,65

2,16

Extra Management revenues/charges incid.

%

33,89

4,91

23,53

28,56

Cash Flow

Value

4.262.296

2.687.201

3.888.620

48.046

Operating Profit

Value

5.502.066

3.346.631

5.068.238

59.910

Gross Operating Margin

Value

8.199.712

6.869.466

7.764.442

99.701

MANAGEMENT

Credits to clients average term

Days

78,34

85,33

88,21

86,56

Debts to suppliers average term

Days

80,74

93,23

84,09

100,32

Average stock waiting period

Days

77,09

70,88

72,20

31,97

Rate of capital employed return ( Turnover )

Units

1,17

1,08

1,08

1,82

Rate of stock return

Units

4,67

5,08

4,99

11,18

Labour cost incidence

%

3,86

3,97

4,50

5,95

Net financial revenues/ charges incidence

%

-1,40

-1,95

-2,06

-0,81

Labour cost on purchasing expenses

%

3,97

4,03

4,63

5,95

Short-term financing charges

%

2,73

3,23

3,33

2,18

Capital on hand

%

85,43

92,28

92,30

54,67

Sales pro employee

Value

829.970

1.037.915

711.131

507.074

Labour cost pro employee

Value

32.030

41.227

32.031

32.650

 

 

Credit Opinion Determination

 

The credit opinion determination is divided into two phases :

1) Risk analysis (Score).

2) Reliability score identification.



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

:

277.028

Population living in the region

:

3.598.269

Number of families in the region

:

1.474.681

 

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

 

- per food products

:

444

- per non food products

:

2.009

- per energy consume

:

122



Sector Data

 

The values are calculated on a base of 5.101 significant companies.

 

The companies cash their credits on an average of 87 dd.

The average duration of suppliers debts is about 100 dd.

The sector's profitability is on an average of 1,66%.

The labour cost affects the turnover in the measure of 5,95%.

Goods are held in stock in a range of 32 dd.

The difference between the sales volume and the resources used to realize it is about 1,82.

The employees costs represent the 5,95% of the production costs.



Statistical Detrimental Data

 

Statistically the trade activity passes through serious crises.

The area is statistically considered remarkably risky.

In the region 24.960 protested subjects are found; in the province they count to 2.482.

The insolvency index for the region is 0,70, , while for the province it is 0,91.

Total Bankrupt companies in the province : 1.559.

Total Bankrupt companies in the region : 20.423.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.92

UK Pound

1

INR 90.22

Euro

1

INR 80.54

Euro

1

INR 80.15

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

Report Prepared by :

DNS

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.