|
|
|
MIRA INFORM REPORT
|
Report No. : |
511636 |
|
Report Date : |
26.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
WORTHINGTON S.R.L. |
|
|
|
|
Registered Office : |
Via Gioacchino Rossini, 90 , 20832 – Desio (MB) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
30.03.1979 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
·
Manufacture of fluid dynamics
equipment ·
Manufacture of other pumps and
compressors ·
Manufacture of non-domestic cooling
and ventilation equipment |
|
|
|
|
No. of Employees : |
500 to 750 |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
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
Worthington S.r.l.
Via Gioacchino Rossini, 90
20832 - Desio (MB) -IT-
Summary
|
Fiscal Code |
: |
04398080152 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
25/10/1989 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
over 129.114.224 |
|
Number of Employees |
: |
from 500 to 750 |
|
Group |
: |
* |
Activity
Manufacture of fluid dynamics equipment
Manufacture of other pumps and compressors
Manufacture of non-domestic cooling and ventilation
equipment
Legal
Data
Legal Form : Sole-Member Limited Liability Company
|
Fiscal Code : 04398080152 |
|
Foreign Trade Reg. no. : MB012685 since 16/01/1992 |
|
Foreign Trade Reg. no. : 102240 of Milano since 16/01/1992 |
|
Chamber of Commerce no. : 210663 of Cagliari |
|
Chamber of Commerce no. : 286425 of Cagliari |
|
Chamber of Commerce no. : 110080 of Caserta |
|
Chamber of Commerce no. : 1008575 of Monza e Brianza since
20/07/2007 |
|
Chamber of Commerce no. : 687124 of Roma |
|
Chamber of Commerce no. : 79365 of Siracusa |
|
Chamber of Commerce no. : 124863 of Teramo |
|
Firms' Register : MI149-1992-49447 of Milano since
19/02/1996 |
|
V.A.T. Code : 02231250966 |
|
Tribunal Co. Register : 186506 of since 27/12/1988 |
|
Foundation date |
: 30/03/1979 |
|
|
Establishment date |
: 30/03/1979 |
|
|
Start of Activities |
: 25/10/1989 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 5.376.800 |
|
|
Subscribed Capital |
: 5.376.800 |
|
|
Paid up Capital |
: 5.376.800 |
|
Legal mail : |
WORTHINGTON.SRL@LEGALMAIL.IT |
Members
|
|
Mariani |
Sergio |
|
|
Born in Milano |
(MI) |
on 12/05/1952 |
- Fiscal Code : MRNSRG52E12F205K |
|
|
Residence: |
Manzoni |
, 14 |
- 20823 |
Lentate sul Seveso |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
09/11/2007 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Vago |
Walter |
|
|
Born in Limbiate |
(MB) |
on 11/10/1953 |
- Fiscal Code : VGAWTR53R11E591R |
|
|
Residence: |
Rossini |
, 90 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
07/07/2017 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Cappellari |
Claudio |
|
|
Born in Tradate |
(VA) |
on 01/01/1963 |
- Fiscal Code : CPPCLD63A01L319N |
|
|
Residence: |
Cadorna |
, 11 |
- 21040 |
Gornate-Olona |
(VA) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
29/06/2017 |
||
|
Attorney with special power |
03/08/2006 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Firpo |
Cesara |
|
|
Born in Vigevano |
(PV) |
on 13/03/1963 |
- Fiscal Code : FRPCSR63C53L872L |
|
|
Residence: |
Carducci Giosue' |
, 15 |
- 20123 |
Milano |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
29/06/2017 |
|
|
Saiano |
Angelo |
|
|
Born in Caserta |
(CE) |
on 26/09/1974 |
- Fiscal Code : SNANGL74P26B963L |
|
|
Residence: |
Statale Sannitica 87 Km |
- 81025 |
Marcianise |
(CE) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
28/12/2009 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Isella |
Giancarlo |
|
|
Born in Como |
(CO) |
on 17/07/1958 |
- Fiscal Code : SLLGCR58L17C933B |
|
|
Residence: |
San Francesco |
, 21 |
- 22079 |
Villa Guardia |
(CO) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
16/05/2008 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Fondrini |
Paolo |
|
|
Born in Pessano Con Bornago |
(MI) |
on 01/04/1959 |
- Fiscal Code : FNDPLA59D01G502B |
|
|
Residence: |
G. Deledda |
, 7 |
- 20060 |
Pessano Con Bornago |
(MI) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
16/05/2008 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Pedroni |
Alessandro |
|
|
Born in Milano |
(MI) |
on 09/03/1964 |
- Fiscal Code : PDRLSN64C09F205O |
|
|
Residence: |
Rossini |
, 90 |
- 20033 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
30/12/2016 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Colizza |
Antonio |
|
|
Born in Avezzano |
(AQ) |
on 05/08/1954 |
- Fiscal Code : CLZNTN54M05A515Y |
|
|
Residence: |
Rossini |
, 90 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
05/04/2006 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Carnevale |
Lucio |
|
|
Born in Caserta |
(CE) |
on 27/08/1954 |
- Fiscal Code : CRNLCU54M27B963L |
|
|
Residence: |
Strada Statale Sannitica |
, 87 |
- 81025 |
Marcianise |
(CE) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
03/11/2009 |
|
|
No Protests registered |
|
|
Ingersoll Dresser Pumps S.r.l. (o In Fo |
rma Abbreviata I.d.p. S .r.l.) |
|
|
: |
Gioacchino Rossini |
, 90 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Barlassina |
Mauro Ambrogio |
|
|
Born in Milano |
(MI) |
on 23/08/1979 |
- Fiscal Code : BRLMMB79M23F205Y |
|
|
Residence: |
Rossini |
, 90 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
25/09/2015 |
|
|
No Protests registered |
|
|
Zaccariello |
Giuseppe |
|
|
Born in Castel Volturno |
(CE) |
on 31/08/1954 |
- Fiscal Code : ZCCGPP54M31C291E |
|
|
Residence: |
Manin |
, 6 |
- 81030 |
Castel Volturno |
(CE) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
28/07/2015 |
|
|
No Protests registered |
|
|
Mangiagalli |
Andrea |
|
|
Born in Monza |
(MB) |
on 08/01/1971 |
- Fiscal Code : MNGNDR71A08F704W |
|
|
Residence: |
Rossini |
, 90 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
27/03/2012 |
|
|
No Protests registered |
|
|
Rossi |
Matteo |
|
|
Born in Milano |
(MI) |
on 09/11/1980 |
- Fiscal Code : RSSMTT80S09F205C |
|
|
Residence: |
Rossini |
, 90 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
12/04/2012 |
|
|
No Protests registered |
|
|
La Frazia |
Dario |
|
|
Born in Napoli |
(NA) |
on 16/07/1963 |
- Fiscal Code : LFRDRA63L16F839K |
|
|
Residence: |
Strada Statale Sannitica |
, 87 |
- 81025 |
Marcianise |
(CE) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
28/07/2015 |
|
|
No Protests registered |
|
|
Cafiero |
Ivan |
|
|
Born in Napoli |
(NA) |
on 09/11/1974 |
- Fiscal Code : CFRVNI74S09F839N |
|
|
Residence: |
Strada Statale Sannitica |
, 87 |
- 81025 |
Marcianise |
(CE) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
28/07/2015 |
|
|
No Protests registered |
|
|
Iubini |
Claudio |
|
|
Born in Lecco |
(CO) |
on 24/09/1983 |
- Fiscal Code : BNICLD83P24E507H |
|
|
Residence: |
Rossini |
, 90/92 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
28/07/2015 |
|
|
No Protests registered |
|
|
Bevilacqua |
Marco |
|
|
Born in Milano |
(MI) |
on 15/10/1977 |
- Fiscal Code : BVLMRC77R15F839L |
|
|
Residence: |
Strada Statale Sannitica |
, 87 |
- 81025 |
Marcianise |
(CE) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Person in charge |
30/12/2016 |
|
|
Di Nuzzi |
Pasquale |
|
|
Born in Maddaloni |
(CE) |
on 22/08/1970 |
- Fiscal Code : DNZPQL70M22E791R |
|
|
Residence: |
Statale Sannitica 87 Km |
, 19 |
- 81025 |
Marcianise |
(CE) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
25/09/2015 |
|
|
No Protests registered |
|
|
Cazzaniga |
Giovanni |
|
|
Born in Monza |
(MB) |
on 18/09/1977 |
- Fiscal Code : CZZGNN77P18F704O |
|
|
Residence: |
Rossini |
, 90 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
25/09/2015 |
|
|
No Protests registered |
|
|
Meroni |
Fabio |
|
|
Born in Cantu' |
(CO) |
on 01/06/1979 |
- Fiscal Code : MRNFBA79H01B639N |
|
|
Residence: |
Rossini |
, 90 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
25/09/2015 |
|
|
No Protests registered |
|
|
Diasio |
Samuel |
|
|
Born in Milano |
(MI) |
on 09/06/1981 |
- Fiscal Code : DSISML81H09F205Q |
|
|
Residence: |
Rossini |
, 90 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
25/09/2015 |
|
|
No Protests registered |
|
|
Bonacina |
Cesare |
|
|
Born in Milano |
(MI) |
on 17/06/1966 |
- Fiscal Code : BNCCSR66H17F205Y |
|
|
Residence: |
Rossini |
, 90 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
25/09/2015 |
|
|
No Protests registered |
|
|
Vigano |
Mattia Carlo Maria |
|
|
Born in Carate Brianza |
(MB) |
on 30/06/1984 |
- Fiscal Code : VGNMTC84H30B729T |
|
|
Residence: |
Rossini |
, 90 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
25/09/2015 |
|
|
No Protests registered |
|
|
Patel |
Akshar Chandrahas |
|
|
Born in California |
( ) |
on 17/08/1985 |
- Fiscal Code : PTLKHR85M17Z404R |
|
|
Residence: |
N O'connor Blvd, Ste 2300 |
, 5215 |
Irving - Texas |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
29/06/2017 |
||
|
Board Chairman |
29/06/2017 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Cicatelli |
Giancarlo |
|
|
Born in Napoli |
(NA) |
on 19/10/1963 |
- Fiscal Code : CCTGCR63R19F839P |
|
|
Residence: |
Statale |
, 87 |
- 81025 |
Marcianise |
(CE) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
29/06/2016 |
|
|
No Protests registered |
|
|
Meana |
Massimiliano |
|
|
Born in Milano |
(MI) |
on 18/03/1972 |
- Fiscal Code : MNEMSM72C18F205N |
|
|
Residence: |
Rossini |
, 90/92 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
29/06/2016 |
|
|
No Protests registered |
|
|
Panceri |
Giancarlo |
|
|
Born in Milano |
(MI) |
on 02/12/1974 |
- Fiscal Code : PNCGCR74T02F205I |
|
|
Residence: |
Rossini |
, 90/92 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
29/06/2016 |
|
|
No Protests registered |
|
|
Mietta |
Michele |
|
|
Born in Milano |
(MI) |
on 10/07/1977 |
- Fiscal Code : MTTMHL77L10F205O |
|
|
Residence: |
Rossini |
, 90 |
- 20832 |
Desio |
(MB) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
07/07/2017 |
|
|
No Protests registered |
|
|
Ingersoll Dresser Pumps Spa |
|
Position |
Since |
Shares
Amount |
% Ownership |
|
Sole partner |
|
|
Eastmead |
Jeff David |
|
|
Born in Texas |
( ) |
on 08/09/1956 |
|
|
Residence: |
Las Colinas Boulevard |
, 222 |
Irving |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Attorney with special power |
18/05/2004 |
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.
|
|
Patel |
Akshar Chandrahas |
|
Firm's Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Flowserve S.r.l. |
Cormano (MI) - IT - |
03309300105 |
Director |
Active |
Registered |
|
Flowserve S.r.l. |
Cormano (MI) - IT - |
03309300105 |
Board
Chairman |
Active |
Registered |
|
Ingersoll Dresser Pumps S.r.l. (o In Forma Abbreviata
I.d.p. S .r.l.) |
Desio (MB) - IT - |
00756730156 |
Director |
Active |
Registered |
|
Ingersoll Dresser Pumps S.r.l. (o In Forma Abbreviata
I.d.p. S .r.l.) |
Desio (MB) - IT - |
00756730156 |
Board
Chairman |
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 |
|
Ingersoll Dresser Pumps Spa |
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 |
|
Consorzio Lambro Energia |
Monza - IT - |
03137060962 |
Ceased |
Firm's
location and structure
In order to carry out its activities the firm uses the
following locations:
|
- |
Legal and operative seat |
(Factory) |
|
Gioacchino Rossini |
, 90 |
- 20033 |
- Desio |
(MB) |
- IT - |
|
Trading Style: Flowserve |
|
PHONE |
: 03626121 |
|
PHONE |
: 0362612312 |
|
FAX |
: 0362620336 |
|
Legal mail |
: WORTHINGTON.SRL@LEGALMAIL.IT |
|
- |
Secondary office |
|
Strada Statale Sannitica |
, 87 KM.19 |
- 81025 |
- Marcianise |
(CE) |
- IT - |
|
- |
Branch |
(office) |
since 01/02/2001 |
|
Santa Filomena |
, 6 |
- 64026 |
- Roseto degli Abruzzi |
(TE) |
- IT - |
|
PHONE |
: 0823634111 |
|
PHONE |
: 0858933686 |
|
FAX |
: 0858936077 |
|
- |
Branch |
(Warehouse) |
since 01/07/1987 |
|
Pietro Mascagni |
, 0096 |
- 20033 |
- Desio |
(MB) |
- IT - |
|
PHONE |
: 03626121 |
|
- |
Branch |
(Workshop) |
since 01/11/2015 |
|
Viii Strada Ovest |
, SNC |
- 09010 |
- Uta |
(CA) |
- IT - |
|
Employees |
:
540 |
|
Fittings and Equipment for a value of 6.700.000 |
Eur |
|
Stocks for a value of 30.110.000 |
Eur |
|
Work in progress for a value of 14.570.000 |
Eur |
Trade organization: direct or by agents.
The company sells in Italy and abroad.
The firm operates abroad as importer / exporter..
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- its own foreign branches |
Import comes generally from the following nations:
|
- France |
|
- Italy |
|
- Germany |
|
- Great Britain |
|
- Belgium |
|
- Holland |
Historical
Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement
Date |
|
Joint stock company |
Limited liability company |
25/10/1988 |
|
Limited liability company |
Joint stock company |
27/02/1990 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement
Date |
|
Worthington Nord S.p.A. |
WORTHINGTON POMPE ITALIA SRL |
14/10/1985 |
|
WORTHINGTON POMPE ITALIA SRL |
WORTHINGTON S.P.A. |
27/02/1990 |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm absorbed by merging of |
|
|
|
|
Rossini |
, 90/92 |
, 20033 |
, Desio |
(MB) |
- IT - |
|
|
Fiscal Code: 08860720153 |
|
|
Date |
: |
01/12/1993 |
|
|
The firm absorved |
|
|
|
|
, MILANO |
- IT - |
|
|
Date |
: |
01/01/1983 |
|
|
The firm absorved |
|
|
|
|
, MILANO |
- IT - |
|
|
Date |
: |
01/01/1983 |
|
|
The firm absorved |
|
|
|
|
, NAPOLI |
- IT - |
|
|
Date |
: |
14/10/1985 |
|
|
The firm absorved |
|
|
|
|
, NAPOLI |
- IT - |
|
|
Date |
: |
01/07/1987 |
|
|
The firm absorved |
|
|
|
|
, MILANO |
- IT - |
|
|
Date |
: |
01/01/1983 |
|
|
The firm absorved |
|
|
|
|
, MILANO |
- IT - |
|
|
Date |
: |
01/01/1983 |
|
|
The firm absorved |
|
|
|
|
, MILANO |
- IT - |
|
|
Date |
: |
14/10/1985 |
|
|
The firm absorved |
|
|
|
|
, MILANO |
- IT - |
|
|
Date |
: |
01/07/1987 |
|
|
The firm absorved |
|
|
|
|
Rossini |
, 90/92 |
, 20033 |
, Desio |
(MB) |
- IT - |
|
|
Fiscal Code: 08860720153 |
|
|
Date |
: |
01/12/1993 |
|
|
The firm absorved |
|
|
|
|
, MILANO |
- IT - |
|
|
Date |
: |
01/01/1983 |
|
|
The firm absorved |
|
|
|
|
, MILANO |
- IT - |
|
|
Date |
: |
01/01/1983 |
|
|
The firm absorved |
|
|
|
|
, NAPOLI |
- IT - |
|
|
Date |
: |
14/10/1985 |
|
|
The firm absorved |
|
|
|
|
, MILANO |
- IT - |
|
|
Date |
: |
01/07/1987 |
|
|
The firm absorved |
|
|
|
|
, MILANO |
- IT - |
|
|
Date |
: |
01/01/1983 |
|
|
The firm absorved |
|
|
|
|
, MILANO |
- IT - |
|
|
Date |
: |
01/01/1983 |
|
|
The firm absorved |
|
|
|
|
, NAPOLI |
- IT - |
|
|
Date |
: |
14/10/1985 |
|
|
The firm absorved |
|
|
|
|
, MILANO |
- IT - |
|
|
Date |
: |
01/07/1987 |
|
|
The firm absorbed by merging of |
|
|
|
|
, 20100 |
, Milano |
(MI) |
- IT - |
|
|
Date |
: |
01/01/1983 |
|
|
The firm absorbed by merging of |
|
|
|
|
, 80100 |
, Napoli |
(NA) |
- IT - |
|
|
Date |
: |
14/10/1985 |
|
|
The firm absorbed by merging of |
|
|
|
|
, 20100 |
, Milano |
(MI) |
- IT - |
|
|
Date |
: |
01/07/1987 |
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.
National
Real Estates Survey
The firm under review, by the reported percentages, owns the
following real estates:
|
Town |
Cadastre |
No.
Immovables |
Up
to Date |
|
DESIO (MI) |
Buildings |
4 |
24/05/2018 |
|
DESIO (MI) |
Land |
1 |
24/05/2018 |
|
Buildings
Details |
|
Cadastre |
Title |
Location |
Sheet
No. |
Particle
No. |
Sub
No. |
Categorie |
Classe |
Consistence |
Cadastrial
Rent |
Part
No. |
|
B |
Proprieta' per 1/1 |
DESIO (MI) Piano - 0000 int. |
54 |
144 |
cat.
F/1 |
|||||
|
B |
Proprieta' per 1/1 |
DESIO (MI) VIA GIOACCHINO ROSSINI, 94 Piano T-1 - S1 |
54 |
21 |
701 |
cat.
D/7 |
Euro:
331.402,00 |
|||
|
B |
Proprieta' per 1/1 |
DESIO (MI) VIA CARAVAGGIO, SNC Piano T |
54 |
253 |
1 |
cat.
D/1 |
Euro:
151,80 |
|||
|
B |
Proprieta' per 1/1 |
DESIO (MI) VIA GIOACCHINO ROSSINI, 90/92 Piano T |
54 |
253 |
2 |
cat.
D/1 |
Euro:
73,60 |
|
Land
Details |
|
Cadastre |
Title |
Location |
Sheet
No. |
Particle
No. |
Sub
No. |
Category |
Class |
Consistence |
Cadastrial
Rent |
Part
No. |
|
L |
Proprieta' per 1/1 |
DESIO (MI) |
54 |
111 |
SEMINATIVO |
1 |
8
are 60 ca |
R.D.Euro:5,33
R.A. Euro: 4,89 |
2823 |
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 1989
Balance sheets for the years 2014, 2015 and 2016 were
analyzed.
Under the financial profile unstable results are noted. ; in
the last financial year a loss was registered (r.o.e. -4,51%)
The operating result in 2016 was positive (0,4%) and in line
with the sector's average.
The amount of the operating result for the year 2016 is of
Eur. 492.002 with a -96,35% drop.
The economic management produced a gross operating margin of
Eur. 3.159.639 recording a -82,34% decrease.
Company's financial status is balanced since indebtedness is
not high (3,86) but with an increase as against the previous accounting period.
Subject can manage an equity capital funds for an amount of
Eur. 23.318.047 with a -28,44% fall.
Eur. 90.653.879 is the amount of total debts, both
commercial and of different nature, showing a stable trend as opposed to 2015
(Eur. 108.819.536).
The financial exposure is moderate, on the other hand the
recourse to commercial credit is high, with a high average payment period and
higher than sector's average.
Liquid assets are good.
Trade credits are collected slowly, average term is 106,4
days. but on the same levels as the average of the sector.
Eur. 1.615.610 is the value of cash flow during the year
2016
Labour cost expenses amount to Eur. 36.249.551 ,
representing 20,68% on the total of production costs. , whereas the incidence
of such costs on sales revenues is equal to 19,27%.
The incidence of the financial charges is of -0,26% on the
sales amount.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2016 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
188.115.667 |
|
Profit (Loss) for the period |
-1.052.027 |
|
|
Complete balance-sheet for the year |
al 31/12/2015 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
193.749.255 |
|
Profit (Loss) for the period |
4.832.021 |
|
|
Complete balance-sheet for the year |
al 31/12/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
219.515.813 |
|
Profit (Loss) for the period |
13.149.675 |
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
210.419.639 |
|
Profit (Loss) for the period |
13.528.449 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
229.395.502 |
|
Profit (Loss) for the period |
12.215.311 |
Financials
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,19 |
0,16 |
0,09 |
0,26 |
|
Elasticity Ratio |
Units |
0,80 |
0,83 |
0,91 |
0,73 |
|
Availability of stock |
Units |
0,24 |
0,32 |
0,22 |
0,23 |
|
Total Liquidity Ratio |
Units |
0,56 |
0,51 |
0,69 |
0,44 |
|
Quick Ratio |
Units |
0,07 |
0,01 |
0,00 |
0,02 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
3,86 |
3,31 |
2,37 |
1,74 |
|
Self Financing Ratio |
Units |
0,19 |
0,22 |
0,27 |
0,29 |
|
Capital protection Ratio |
Units |
0,81 |
0,69 |
0,56 |
0,64 |
|
Liabilities consolidation quotient |
Units |
0,04 |
0,03 |
0,05 |
0,22 |
|
Financing |
Units |
3,89 |
3,34 |
2,38 |
2,30 |
|
Permanent Indebtedness Ratio |
Units |
0,22 |
0,24 |
0,30 |
0,46 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,02 |
0,03 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,49 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,13 |
1,50 |
3,43 |
1,63 |
|
Current ratio |
Units |
1,10 |
1,15 |
1,40 |
1,32 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,77 |
0,71 |
1,07 |
0,86 |
|
Structure's primary quotient |
Units |
0,98 |
1,34 |
3,09 |
1,05 |
|
Treasury's primary quotient |
Units |
0,09 |
0,01 |
0,00 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
531,23 |
461,84 |
367,43 |
349,01 |
|
Current Capital ( net ) |
Value |
8.898.240 |
16.714.758 |
40.689.864 |
753.266 |
|
RETURN |
|||||
|
Return on Sales |
% |
0,86 |
4,30 |
7,16 |
5,13 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-4,51 |
14,83 |
31,08 |
7,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
0,55 |
28,04 |
49,04 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
0,40 |
8,97 |
15,53 |
5,36 |
|
Return/ Sales |
% |
0,26 |
6,97 |
11,00 |
5,57 |
|
Extra Management revenues/charges incid. |
% |
-213,83 |
35,80 |
54,46 |
42,11 |
|
Cash Flow |
Value |
1.615.610 |
8.340.127 |
15.707.832 |
344.143 |
|
Operating Profit |
Value |
492.002 |
13.496.826 |
24.146.621 |
359.008 |
|
Gross Operating Margin |
Value |
3.159.639 |
17.894.932 |
30.040.907 |
705.726 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
106,40 |
93,12 |
82,83 |
101,37 |
|
Debts to suppliers average term |
Days |
151,08 |
106,74 |
109,58 |
115,52 |
|
Average stock waiting period |
Days |
57,63 |
90,64 |
55,49 |
80,62 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,52 |
1,29 |
1,41 |
1,07 |
|
Rate of stock return |
Units |
6,25 |
3,97 |
6,49 |
4,40 |
|
Labour cost incidence |
% |
19,27 |
18,88 |
17,28 |
16,91 |
|
Net financial revenues/ charges incidence |
% |
-0,26 |
-2,58 |
-1,54 |
-1,19 |
|
Labour cost on purchasing expenses |
% |
20,68 |
18,74 |
19,15 |
17,25 |
|
Short-term financing charges |
% |
0,60 |
4,62 |
3,41 |
2,71 |
|
Capital on hand |
% |
65,85 |
77,67 |
70,83 |
93,00 |
|
Sales pro employee |
Value |
166.180 |
169.657 |
185.245 |
223.920 |
|
Labour cost pro employee |
Value |
32.023 |
32.026 |
32.012 |
35.625 |
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 |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expences average in the region (in .) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector
Data
The values are calculated on a base of 918 significant
companies.
The companies cash their credits on an average of 101 dd.
The average duration of suppliers debts is about 116 dd.
The sector's profitability is on an average of 5,13%.
The labour cost affects the turnover in the measure of
16,91%.
Goods are held in stock in a range of 81 dd.
The difference between the sales volume and the resources
used to realize it is about 1,07.
The employees costs represent the 17,25% of the production
costs.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.26 |
|
|
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.88 |
|
Euro |
1 |
INR 78.95 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
KET |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.