{"id":10601,"date":"2024-02-29T08:04:23","date_gmt":"2024-02-29T07:04:23","guid":{"rendered":"https:\/\/sdca.it\/the-firm\/"},"modified":"2025-01-23T13:38:44","modified_gmt":"2025-01-23T12:38:44","slug":"the-firm","status":"publish","type":"page","link":"https:\/\/sdca.it\/en\/the-firm\/","title":{"rendered":"The Firm"},"content":{"rendered":"\t\t
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\r\n \r\n <\/i>\r\n \r\n The Firm\r\n \r\n <\/span>\r\n <\/h2>\r\n <\/div>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\r\n \r\n \r\n SDCA Srl STP:
history, mission, values\r\n \r\n <\/span>\r\n <\/h3>\r\n <\/div>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Studio Associato Dottori Commercialisti e Revisori Legali, founded by Dr Giuseppe Naponiello, is registered under the special section of STP at the Order of Chartered Accountants of Milan, no. 120<\/em><\/strong><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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It is an independent firm operating in Milan since 1963, renowned for its interdisciplinary approach in addressing various issues that businesses may encounter.<\/p>\n

Founded in 1963 by Dr Giuseppe Naponiello, SDCA Srl STP, based in Milan, is currently managed and directed by Dr Francesca Ziliani. She has modernised and expanded the range of services initially offered, catering to both national and international clients.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t <\/div>\n <\/div>\n <\/div>\n <\/section>\n <\/div>\n <\/div>\n

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\"sdca-palazzo\"<\/figure><\/div>
\"sdca-studio-new-2\"<\/figure><\/div>
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\r\n \r\n <\/i>\r\n \r\n Dr Francesca Ziliani\r\n \r\n <\/span>\r\n <\/h3>\r\n <\/div>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\r\n \r\n <\/i> PROFESSIONAL DETAILS <\/i>\r\n <\/a>\r\n <\/div>\r\n

Graduated in Economics and Commerce on 17\/7\/2002 from the Universit\u00e0 Cattolica del Sacro Cuore in Piacenza. Licensed as a Chartered Accountant in 2006 with an office at Via A. da Giussano, 18, 20145 Milan:<\/p>

Tel:<\/strong> 02\/48021221<\/a>
Mail:<\/strong> francesca.ziliani@sdca.it<\/a>
Pec:<\/strong> francesca.ziliani@odcecmilano.it<\/a><\/p><\/div>\r\n <\/div>\r\n

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\r\n \r\n <\/i> AREA OF EXPERTISE <\/i>\r\n <\/a>\r\n <\/div>\r\n

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  1. Experience gained as an Expert in Negotiated Crisis Composition following an appointment by the Commission at the Milan CCIIA on 18\/1\/2022 for a company belonging to a French group with about 40 employees operating in the newspaper printing sector, during which the following activities were carried out: (i) understanding the causes of the crisis and the elements that could indicate that the economic and financial imbalance was reversible and surmountable through a new \"contract manufacturing\" business model for at least two years, in discontinuity with the previous business model; (ii) facilitating negotiations with strategic suppliers to renegotiate fixed costs where possible, including the renegotiation of property lease costs and production machinery rental costs; (iii) streamlining financial flows and reporting to ensure transparent awareness among various stakeholders during the negotiation process; (iv) verifying the consistency and sustainability of the recovery plan, progressively updated as negotiations advanced; (v) urging adherence to the activity schedule and the flow of information\/documentation with advisors and creditors to facilitate negotiations and critically examine the recovery plan; (vi) drafting an opinion to confirm protective measures and subsequent favourable ruling by the Court; (vii) achieving informal positive outcomes during negotiations with key creditors for the amount of credit claimed, which were essential for business continuity.<\/li>
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  2. Experience gained as an Expert in Negotiated Crisis Composition following an appointment by the Commission at the CCIIA of Milan on 3\/5\/2024 for a joint-stock company operating in the rotary and flatbed printing sector with approximately 130 employees and a turnover of \u20ac33,000,000. The following activities were carried out: (i) Understanding the causes of the crisis and identifying elements that could indicate that the economic and financial imbalance was reversible and solvable through the divestment of the rotary printing division, which absorbed cash liquidity, and the direct continuation of the flatbed printing division, which generated positive cash flows. (ii) Assessing the adequacy of the accounting, administrative, and organizational structure, including evaluations of the need to integrate certain functions or separate certain roles under the same individual (shifting responsibilities to someone other than the Board of Statutory Auditors) to achieve managerial and control discontinuity from the past, necessary for the company's recovery. (iii) Conducting periodic reviews of projected cash flows to compare them with the historical data available internally within the company under restructuring, and evaluating them through sector benchmarks. (iv) Urging the implementation of a management control system (analytical accounting by cost center, budgeting, reporting), including an aggregate of off-balance sheet records suitable for constant, strict monitoring of business performance. This also involved preparing a cash or treasury budget distributed over a time horizon of no less than six months, to ensure the sustainability of operational management in terms of income and expenditure as part of the recovery plan. (v) Facilitating negotiations with the banking sector and obtaining the banks\u2019 support to finance invoice advances related to the ongoing management of business units during the Negotiated Crisis Composition process, with the assistance of legal counsel in negotiations with banking institutions; (vi) Facilitating negotiations with strategic suppliers to ensure continuity of operations for the business units. (vii) Urging the implementation of projected financial flows to generate reports intended for banks and to monitor the recovery process, as well as being essential for verifying the sustainability of the recovery plan. (viii) Facilitating the flow of information between the Negotiated Crisis Composition TEAM, the appointed CRO, creditors, and the legal counsel appointed by the banking sector. (ix) Assessing the application of tax settlement agreements and liaising with the Revenue Agency. (x) Facilitating discussions with trade unions and resorting to solidarity contracts to achieve an agreement. (xi) Providing an opinion to confirm protective measures and obtaining a favorable ruling from the Court. (xii) Achieving positive outcomes during negotiations with key creditors regarding the amount of credit claimed, which were essential for business continuity. (xiii) Evaluating the sustainability of the recovery plan, progressively updated based on the status of ongoing negotiations;<\/li>
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  3. Experience gained as an Expert in Negotiated Crisis Composition following an appointment by the Commission at the CCIIA of Milan on 20\/3\/2024 for a joint-stock company operating in the design, construction, and sale of machinery and plants for the food, chemical, pharmaceutical, ecological, energy production, and waste treatment sectors, with approximately 147 employees and a turnover of \u20ac33,000,000. The following activities were carried out: (i) Understanding the causes of the crisis and identifying elements that could indicate that the economic and financial imbalance was reversible and solvable through the acquisition of new orders, considering market expectations, renegotiation of bank debt, and fixed cost savings. (ii) Assessing the adequacy of the accounting, administrative, and organizational structure, including evaluations of the need to integrate certain technical functions to achieve managerial discontinuity from the past, necessary for the company's recovery. (iii) Monitoring business performance and preparing a cash or treasury budget distributed over a time horizon of no less than six months, to ensure the sustainability of operational management in terms of income and expenditure, as part of the recovery plan. (iv) Urging adherence to the activity schedule and coordinating the flow of information\/documentation with advisors and creditors to facilitate negotiations with creditors and critically reviewing the recovery plan;<\/li>
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  4. Non-executive Director and member of the Board of Directors (CDA) and ESG Committee of chemical company active for 48 years in the research, production, registration, and sale of active ingredients and crop protection products (both synthetic and biorational);<\/li>
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  5. Expert in business crises and recovery, having held roles as Receiver and Judicial Commissioner in insolvency procedures (including residential and non-residential building construction, freight transport, manufacturing of non-domestic refrigeration and ventilation equipment, paint and printing ink manufacturing, and publishing), including cases admitted to temporary operations in evident crisis and restored to economic, equity, and financial balance. Notably, managed the temporary operation and conducted economic and financial restructuring activities for the bankruptcy of Allegra (operating in the services sector) and the bankruptcy of Ink Maloberti (operating in the industrial sector for the production of metal inks) to achieve the subsequent sale of the restored business unit;<\/li>
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  6. Expert in business valuation and appraisals in the context of extraordinary operations, following verification of industrial plans and financial flow planning;<\/li>
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  7. Performs mandatory and voluntary audits of annual and interim financial statements;<\/li>
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  8. Provides general tax consultancy and advice on tax aspects of ordinary corporate transactions, as well as the study and implementation of extraordinary transactions.<\/li>
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    \r\n \r\n <\/i> MEMBERSHIP IN PROFESSIONAL ORDERS <\/i>\r\n <\/a>\r\n <\/div>\r\n
    Member of the Register of Chartered Accountants and Accounting Experts of Milan, Section A, since 29 March 2006, registration no. 6734.<\/div>\r\n <\/div>\r\n
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    \r\n \r\n <\/i> REGISTRATION IN REGISTERS, LISTS, AND ROLES MAINTAINED BY PUBLIC AUTHORITIES <\/i>\r\n <\/a>\r\n <\/div>\r\n
    31\/03\/2023<\/strong>: Listed as no. 934 in the Register of Business Crisis Managers maintained by the Ministry of Justice
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    \n1\/8\/2022:<\/strong>Confirmed registration in the List of Experts for Negotiated Crisis Composition at the Chamber of Commerce of Milan
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    \n19\/12\/2016<\/strong>:Registered in the Judicial Administrators Register, Business Management Experts Section, no. 608, at the Ministry of Justice
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    \n2011<\/strong>: Included in the List of Bankruptcy Trustees, Judicial Commissioners, and Judicial Liquidators maintained by the Court of Milan
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    \n2007<\/strong>: Registered in the Register of Statutory Auditors, no. 142933, by Ministerial Decree (DM) dated 27 February 2007, published in the Official Gazette (GU) no. 24 on 23 March 2007
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    \n2006<\/strong>: Achieved qualification as a Chartered Accountant and Statutory Auditor at the Universit\u00e0 Cattolica del Sacro Cuore, Piacenza
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    \nMember of the Register of Chartered Accountants and Accounting Experts of Milan, registration no. 6734, since 29 March 2006<\/div>\r\n <\/div>\r\n
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    \r\n \r\n <\/i> PROFESSIONAL EXPERIENCE <\/i>\r\n <\/a>\r\n <\/div>\r\n
    1. Partner at the Studio Associato Dottori Commercialisti e Revisori Contabili SRL STP, founded by Giuseppe Naponiello, based in Milan, Via Alberto da Giussano 18. Activities as a Chartered Accountant include: