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D-U-N-S 42-878-8632
Business Name FERRARI SPA
Business Trading Address VIA ABETONE INFERIORE 2/4
41053 MARANELLO (MO)
IT
Telephone 0536949111
Fax 0536949502
Fiscal Code 00159560366
VAT Number 00159560366
CCIAA MO 88683
Parent Company FIAT SPA
D-U-N-S 42-800-3065
D&B Rating 5A 1
D&B Failure Score 100
Days Beyond Terms 9
D&B Payment Score 74
Maximum Credit 9,296,224 Euro
D&B Rating explanation
Capital Rating 5A A Financial Strength of
148,119 (THOUSANDS) Euro
(based on Net Worth)
Risk Indicator 1 Represents minimal risk
D&B Score Explanation
D&B Failure Score 100 % of businesses on the
Italian database which have
the same or higher risk of
failure, compared to this
business, within the next
twelve months.
This score is derived using advanced statistical models and D&B data.
1 represents the highest risk and 100 the lowest.
Decisive criteria that influenced the risk evaluation for this company are:
- Subject is an established business.
- The rating is influenced by the existence of the parent
company.
- The analysis made on the last 12 months show that the
trend of payments is regular.
- The analysis of the payment experiences, related to the
last month, point out that the obligations assumed by the
company are settled beyond the agreed terms.
- The analysis made point out that the net worth results to
be suitable in comparison to the total indebtedness.
LANGUAGE: In certain circumstances information in this report may be quoted
in the local language.
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Rating & Score - Industry Sector Comparison |
Financial Strength Indicator Comparison:
Comparing this business against the 256 other businesses within its
industry with a known financial strength
0 0.0% Higher
8 3.1% Same
248 96.9% Lower
This analysis does not take businesses into account which are newly
established or already out-of-business and therefore do not have a
meaningful financial strength indicator.
Comparing this business against 265 other businesses within its industry
with a D&B Score
The average Score of this sector is 52.
The business has a higher score compared to the calculated average.
D&B collects in excess of 100 million trade payment experiences on European
businesses each year.
Payment experiences are derived from the analysis of 1 or more invoices
from D&B Dun-Trade Partners to determine the average payment behaviour of
this business within the last 12 months. Contact your local D&B office to
participate in this program.
In some instances, payment beyond terms can be the result of overlooked or
disputed invoices.
Total experiences received over
the last 12 months 30
Value of experiences 3.192.581 Euro
Average Payment Behaviour 9 day(s) beyond terms
Based on the 871 firms in SIC code 3711 where D&B has payment experiences.
UPPER SEGMENT (TOP 25%) Pays within terms PAYDEX 80
MEDIUM SEGMENT (Middle 50%) Pays 6 days beyond terms PAYDEX 76
LOWER SEGMENT (Bottom 25%) Pays 21 days beyond terms PAYDEX 62
Payment Experience Summary
Breakdown of experiences settled to payment terms - 12 months
Value Number of Total Within (% days late)
Bands Experiences Value terms 1-30 31-60 61-90 91+
Euro Euro (%)
> 100,000 6 2.917.981 92 - - - 8
75,000-99,999 - - - - - - -
50,000-74,999 3 154.937 100 - - - -
25,000-49,999 - - - - - - -
10,000-24,999 5 69.721 85 - - - 15
< 10,000 16 49.941 90 1 9 - -
-------------------------------------------------------------------------
Total 30 3.192.581
Critical legal notice information filed is investigated by D&B Analysts,
and where relevant, comment is presented in this section.
Any amount without specified currency in this section below is in Italian
Lire.
*** Change of Chief Executive. ***
Sono intervenute variazioni riguardanti gli esponenti
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Public Record Information |
No protested bills are currently found on our database.
Amounts without a currency are shown in Italian Lire.
PRINCIPALS ANTECEDENTS
Name: giancarlo coppa
Manager
Responsibility: Finanza.
Name: LUCA CORDERO DI MONTEZEMOLO
President
Born: 31-08-1947 BOLOGNA
Address: VIA VILLENEUVE 2, FIORANO MODENESE (MO)
Fiscal code: CRDLCU47M31A944G
Name: PIERO FERRARI
Vice-president
Born: 22-05-1945 CASTELVETRO DI MODENA
Address: LGO G.GARIBALDI 11, MODENA (MO)
Responsibility: In this position since: 8-5-02.
Fiscal code: FRRPRI45E22C287B
Name: MARCO PICCININI
Member of the Board
Born: 02-07-1952 ROMA
Address: VIA EMILIA EST 1163, MODENA (MO)
Responsibility: In this position since: 8-5-02.
Name: SERGIO PININFARINA
Member of the Board
Born: 08-09-1926 TORINO
Address: VIA EMILIA EST 1163, MODENA (MO)
Responsibility: In this position since: 8-5-02.
Name: JEAN HENRI TODT
Member of the Board
Born: 25-02-1946 PIERRE FORT - CANTAL Francia
Address: VIA EMILIA EST 1163, MODENA (MO)
Responsibility: In this position since: 8-5-02.
Fiscal code: TDTJHN46B25Z110X
Name: DIEGO DELLA VALLE
Member of the Board
Born: 30-12-1953 SANT'ELPIDIO A MARE
Address: STR SANTA CROCE 24, SANT'ELPIDIO A MARE (AP)
Responsibility: In this position since: 29-7-02.
Fiscal code: DLLDGI53T30I324E
Name: ROMANO MINOZZI
Member of the Board
Born: 06-03-1935 CASTELNUOVO RANGONE
Address: VIA VIAZZA 10, SPILAMBERTO (MO)
Responsibility: In this position since: 29-7-02.
Fiscal code: MNZRMN35C06C242U
Name: GIUSEPPE MORCHIO
Member of the Board
Born: 20-11-1947 RAPALLO
Address: VIA NIZZA 250, TORINO (TO)
Responsibility: In this position since: 9-5-03.
Fiscal code: MRCGPP47S20H183N
Name: LUIGI GUBITOSI
Member of the Board
Born: 22-05-1961 NAPOLI
Address: VIA EMILIA EST 1163, MODENA (MO)
Responsibility: In this position since: 25-2-04.
Fiscal code: GBTLGU61E22F839A
Name: EUGENIO RAZELLI
Member of the Board
Born: 18-06-1950 GENOVA
Address: VIA EMILIA EST 1163, MODENA (MO)
Responsibility: In this position since: 25-2-04.
Fiscal code: RZLGNE50H18D969M
Name: RENATO PAGLIARO
Member of the Board
Born: 20-02-1957 MILANO
Address: VIA EMILIA EST 1163, MODENA (MO)
Responsibility: In this position since: 25-2-04.
Fiscal code: PGLRNT57B20F205L
CORDERO DI MONTEZEMOLO LUCA, is also recorded as (among others):
- President of MASERATI SPA, MODENA (MO) DUNS 63-074-1379.
- President of FIERE INT DI BOLOGNA SPA BOLOGNAFIERE, BOLOGNA (BO) DUNS
43-896-8570.
- President of UNIONE INDUSTRIALI DI MODENA, MODENA (MO) DUNS 65-523-6888.
- President of BOLOGNA CONGRESSI SPA, BOLOGNA (BO) DUNS 43-902-8788.
- Vice-president of ITEDI ITALIANA EDIZIONI SPA, TORINO (TO) DUNS
44-055-9748.
FERRARI PIERO, is also recorded as (among others):
- Sole Administrator of IMMOBILIARE VILLA FIORITA - SRL, SASSUOLO (MO) DUNS
43-038-1488.
- Sole Administrator of FIORANO DUE - S.P.A., MODENA (MO) DUNS 43-353-9645.
- Sole Administrator of AZIENDA AGRICOLA RONDINE BIANCA S.R.L.,
CASTELFRANCO EMILIA (MO) DUNS 43-354-4207.
- Sole Administrator of B.A. SERVICE - S.P.A., MODENA (MO) DUNS
43-568-6444.
- President of H.P.E. HIGH PERFORMANCE ENGEENIRING S.R., MODENA (MO) DUNS
42-912-1713.
CAPITAL
Nominal capital : 20.978.000 Euro (All paid up.)
SHAREHOLDERS:
Voting Capital Shareholder
56% FIAT Spa - DUNS: 42-800-3065
34% Mediobanca
The balance is held by Ferrari Piero
PARENT COMPANY
IMMEDIATE PARENT
NAME: FIAT SPA
10126 TORINO, (TO)
IT
D-U-N-S NUMBER: 42-800-3065
Interest: 56%
D&B Rating 5A1
SUBSIDIARIES
Subject has 5 subsidiaries.
Ferrari International SA, Luxembourg, LX, DUNS: 40-001-5876, ownership:
99%, Intercompany relations consist of Esatta percentuale 99,999%
Ferrari North America, Inc, Englewood Cliffs, NJ, USA, DUNS: 07-683-0132,
ownership: 100%
GSA Gestions Sportives Automobiles SA, Cointrin, CH, DUNS: 48-596-6709,
ownership: 100%
Maserati Spa, 41100, Modena, IT, (MO), DUNS: 63-074-1379, ownership: 100%
Ferrari.Net Spa, 41053, Maranello, IT, (MO), DUNS: 43-927-5046, ownership:
80%
BRANCHES
Unita' locale Tel. 0536843650, VIA VILLENEUVE 23, FRAZ. SPEZZANO, 41040
FIORANO MODENESE (MO) operating as ufficio e pista per collaudo vetture,
employs 3
Ufficio Tel. 0536943213, VIA ASCARI 55/57, 41053 MARANELLO (MO), date
started 12-11-1982, employs 482
Officina Tel. 0536943204, VIA D. FERRARI 43, 41053 MARANELLO (MO), employs
4
Stabilimento Tel. 059282052, VIA EMILIA EST 1163/65, 41100 MODENA (MO),
employs 105, INSEGNA: SCAGLIETTI
Dipendenza, VIA VERGA 12/1, 41053 MARANELLO (MO)
Dipendenza, VIA VERGA 12/4, 41053 MARANELLO (MO)
Negozio, VIA ABETONE INFERIORE 19, 41053 MARANELLO (MO)
HISTORY
All amounts without a specified currency are usually provided in the local
currency at the time of the event.
Public limited liability company constituted 23-05-1960, registered at the
Chamber of Commerce of MO NO.88683 on 21-6-60.
Name changed from Ferrari Spa Esercizio Fabbriche Automobili e Corse
Statutory duration: 31-12-2050
In data 28-06-1994 ha incorporato la Ferrari Engineering Spa - DUNS:
43-510-2785; il 29-12-1998 la societa' SAIM Societa Autodromo
Internazionale del Mugello Spa - DUNS: 43-467-3000. In data 16-9-2003 ha
incorporato la Ferrari.Net Spa, CC MO 324392 (D&B D-U-N-S 43-927-5046)
Relocated from: Modena Via Trento e Trieste 31
The Registered Office was previously at Modena Via Trento e Trieste 31
Declared starting date: 23-5-60.
OPERATIONS
SIC CODE(S): 3711
MOTOR VEHICLE MANUFACTURERS
Progettazione e costruzione di autovetture Gran Turismo ed attivita'
sportiva nel campo automobilistico
Vende esclusivamente tramite concessionari.
Dispone di un proprio parco automezzi specializzato adibito ai trasporti.
Autorizzazione ad operare con l'estero n MO003564
Territory: 13% national
Exports: 87% of sales to tutto il mondo (in particolare USA,
Germania, Svizzera e Francia)
Imports: 10% of purchases from Germania, Inghilterra e Francia
Employees: 3000
Premises: Subject dispone di offices, factory, at the heading
address covering 166.000 sq. metres of which 90.000
square metres are built on
Location:
Disponeva di magazzino in Scarperia/Fi Via Nenni 15
Registered Office: Via Emilia Est 1163 Tel. 059282052 41100 Modena (MO).
Banca Popolare di Verona e Novara ag. di Maranello/MO.
Any amount without specified currency in this section below is in Italian
Lire.
Property:
Land and Building(s): stabilimento in Maranello/Mo Via Abetone Inferiore 2,
title: Ferrari Spa.
The company shows a rating even.
The financial situation is very good.
Da fonte stampa 'MF' del 3.12.2003 si rileva che il gruppo Ferrari Maserati
ha acquisito la societa' francese Charles Pozzi SA, importatore ufficiale
dei due marchi in Francia
Dal quotidiano 'Il Sole 24 Ore' del 28.2.2004 si rileva che il gruppo
Ferrari ha chiuso il 2003 con un incremento dei ricavi da 1,208 a 1,261
miliardi di euro, il risultato operativo si e' confermato positivo ma ad un
livello inferiore rispetto al 2002 (32 milioni contro 70) a causa delle
elevate spese di ricerca e sviluppo per i nuovi prodotti e per l'impatto
negativo dei cambi
Press and Business articles are added to the D&B database daily. Recent
significant cuttings relating to this business will appear in this section.
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Financial Comparisons |
31 DEC 2002 31 DEC 2001 31 DEC 2000
Euro Euro Euro
'000s '000s '000s
Liquid Assets 170.807 237.283 179.763
Inventory 120.238 97.512 95.126
Current Assets 291.045 334.795 274.888
Current Liabilities 425.930 354.050 247.924
Fixed Assets 224.192 155.520 129.357
Total Assets 645.528 606.510 460.623
Profit (Loss) 72.455 24.310 (9.109)
Net worth 148.119 195.663 171.353
Net Sales 841.523 800.135 634.822
31 DEC 2002 31 DEC 2001 31 DEC 2000
PROFITABILITY
Ros (%) Ros (%) 8,61 3,04 (1,44)
Roe (%) Roe (%) 48,92 12,42
FINANCIAL STATUS
Liquid Ratio 0,40 0,67 0,73
Current Ratio 0,68 0,95 1,11
Curr. Liabilities/Net Worth 2,88 1,81 1,45
PROFIT LEVEL RATIOS
Stock turnover (x) 7,00 8,21 6,67
Variance
Closing date 31 DEC 2002 31 DEC 2001 02/01 (%)
Currency Euro Euro
ASSETS '000s '000s
Buildings 63.609 58.394 8,90
Total Fixed Assets 224.192 155.520 44,20
Long Term Investments 46.455 44.588 4,20
Loans to Assoc Cos 0 0
Tot. Financial Assets 46.455 44.588 4,20
Total Intangibles 47.661 50.547 (5,70)
Receivables over 1 yr 36.175 21.060 71,80
Tot. Non Curr. Assets 354.483 271.715 30,50
Finished Goods 79.625 60.357 31,90
Tot. Net Stocks & WIP 120.238 97.512 23,30
Accounts Receivable 37.287 27.457 35,80
Accruals 19.767 15.613 26,60
Owing from Particip. 0 0
Other Receivables 47.559 46.505 2,30
Cash 15.369 12
Marketable Securities 50.825 147.695 (65,60)
Total Current Assets 291.045 334.795 (13,10)
TOTAL ASSETS 645.528 606.510 6,40
---------------------------------------------------------
LIABILITIES '000s '000s
Total Stock Equity 148.119 195.663 (24,30)
Provision for Risks 40.667 29.045 40,00
Prov for Pensions etc 27.460 25.159 9,10
Mortgages & Loans 1.159 0
Other Long-term Liabs 2.192 2.592 (15,40)
Bank Loans/Overdrafts 80 511 (84,30)
Accounts Payable 253.527 215.156 17,80
Other Current Liabs. 121.877 108.562 12,30
Accruals/Deferred Inc 50.446 29.820 69,20
Total Current Liabs. 425.930 354.050 20,30
TOTAL LIABILITIES 645.528 606.510 6,40
---------------------------------------------------------
Closing date 31 DEC 2002 31 DEC 2001 Variance
Currency Euro Euro
'000s '000s 02/01 (%)
PROFIT & LOSS ACCOUNT
- Net Sales 841.523 800.135 5,20
Total Income 920.689 852.755 8,00
Other Industrial Costs, 274.462 245.486 11,80
Payroll 123.701 102.126 21,10
Depreciation 74.222 70.451 5,40
Other Operating Income 58.663 52.406 11,90
Raw Materials & Consum. 379.398 359.861
Other Operating Charges 12.332 14.558 (15,30)
Net Operating Income 56.573 60.272 (6,10)
Total Financial Expenses 8.997 43.114 (79,10)
Total Financial Income 76.281 58.545 30,30
Profit Before Tax 123.858 75.703 63,60
Extraordinary Result (43.469) (27.359) (58,90)
Pre-Tax Profit (Loss) 80.389 48.344 66,30
Net Taxation 7.933 24.034 (67,00)
Net Profit 72.455 24.310 198,00
Number of Employees 2.100 2.100
(Number of employees is not in thousands)
All amounts without a specified currency are usually provided in the local
currency at the time of the event.
LATEST BALANCE SHEET, AS AT 31-12-2002
NOTA: I VALORI TRA PARENTESI RAPPRESENTANO
CODICI DI RIFERIMENTO INTERNI PER LA
CODIFICA DEL BILANCIO (IC)
STATO PATRIMONIALE
ATTIVITA'
(10) Crediti verso Soci 0
(30) Immobilizzazioni Immateriali 47.661.117
(40) Immobilizzazioni Materiali 224.192.571
(45) - di cui Immobili 63.608.981
(50) Immobilizzazioni Finanziarie 46.454.550
(260) Azioni Proprie 0
(60) - di cui Crediti verso Controll./Colleg 0
(67) - di cui Partecipazioni 46.454.550
(80) Rimanenze 120.237.827
(82) - di cui Prodotti finiti/Semilavorati 79.625.457
(90) Crediti 121.020.505
(100) - di cui Crediti a breve termine 84.845.668
(102) - di cui Crediti totali verso Clienti 37.286.775
(105) - di cui Crediti a breve verso Clienti 37.286.775
(110) Attivita' Finanziarie a breve termine 50.824.589
(120) Disponibilita liquide (cassa, banche,..) 15.369.248
(130) Ratei e risconti attivi 19.767.595
(150) TOTALE ATTIVITA' 645.528.002
PASSIVITA' E PATRIMONIO NETTO
(160) Patrimonio Netto 148.118.953
(162) Capitale Sociale 20.000.000
(164) Riserva Sovraprezzo Azioni 15.605
(166) Riserve di Rivalutazione 3.573.220
(170) Fondi Rischi ed Oneri 40.667.022
(175) - di cui Fondo Imposte 6.097.584
(180) Fondo Trattamento Fine Rapporto 27.460.115
(190) Debiti 378.835.330
(195) - di cui Debiti verso Fornitori 253.526.964
(200) - di cui Debiti a breve termine 375.483.369
(210) - di cui Debiti verso Banche a m/l 1.159.415
(212) - di cui Debiti verso Banche a breve 79.955
(220) Ratei e Risconti Passivi 50.446.582
(240) TOTALE PASSIVITA' E PATRIMONIO NETTO 645.528.002
CONTO ECONOMICO
(270) Valore della produzione 920.688.785
(280) - Ricavi (*) 841.523.284
(290) - Variazione rimanenze (*) 19.268.257
(300) - Altri ricavi (**) 58.663.337
(310) Costi della produzione(relativi solo ad *) 864.115.632
(320) - Acquisti di materie prime e merci 382.880.093
(330) - Variazioni rimanenze m.p. e merci (3.481.902)
(350) - Spese generali e accanton. per rischi 274.461.760
(355) - Accantonamento per rischi ed altri accant 7.871.182
(370) - Costo del personale 123.701.444
(375) - Trattamento di fine Rapporto 5.530.110
(390) - Ammortamenti e svalut. crediti/stock 74.221.522
(392) - Ammortamenti delle Immobilizzazioni Immat 13.566.633
(394) - Ammortamenti delle Immobilizzazioni mater 60.260.210
(400) Risultato Operativo caratteristico 10.242.531
(410) Risultato non caratteristico (include **) 122.611.693
(412) Proventi Finanziari 76.281.071
(420) Oneri finanziari 8.996.672
(430) Rettifiche alle attivita' finanziarie (18.146.038)
(450) Proventi (oneri) straordinari (25.322.880)
(460) Risultato ante imposte 80.388.634
(465) Imposte sul reddito dell' esercizio 7.933.163
(477) Utile netto o perdita di esercizio 72.455.471
CONTI D' ORDINE E ALTRI VALORI
(250) Impegni e rischi 1.807.326.650
(485) Cash Flow (Utile netto + Amm. totali) 146.676.993
IN THE INTEREST OF SPEED, THE ABOVE STATEMENT HAS BEEN DELIVERED WITHOUT
REVIEW IN THE NATIVE LANGUAGE FOR YOUR OWN ASSESSMENT. IN CASE OF
DIFFICULTY, PLEASE CONTACT YOUR LOCAL INTERNATIONAL CUSTOMER SERVICE
DEPARTMENT.
DATE INC: 1960 REVENUES: 841.523.284
LEGAL FORM: SPA (Euro)2002
CCIAA : MO 88683 PROFIT/(LOSS): 72.455
EMPLOYS: 3.000 (THOUSANDS) (Euro) 31-12-2002
NOMINAL CAPITAL: 20.978.000 NET WORTH: 148.118.953
(Euro) (Euro)2002
PAID UP CAP: ALL
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