MIRA
INFORM REPORT
|
Report Date : |
02.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
CIL - CERAMIC INSULATORS |
|
|
|
|
Registered Office : |
Via Fabio Filzi , 31 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
06.08.2007 |
|
|
|
|
Legal Form : |
Sole Shareholder Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of insulators
and insulating ceramic
pieces |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
43.000 (Euro) |
|
|
|
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
Company Name |
CIL - CERAMIC INSULATORS |
|
Company Type |
SOLE SHAREHOLDER LIMITED LIABILITY COMPANY |
|
Address |
VIA FABIO FILZI , 31 |
|
Town |
|
|
Post Code |
57122 |
|
Telephone Number |
|
|
Province |
|
|
Fiscal Code |
01573680491 |
|
VAT Number |
N.A. |
|
Activity Start Date |
6-8-2007 |
|
Incorporation Date |
2-8-2007 |
|
Closure Date |
31-12-2050 |
|
REA Inscription |
139503 on the date of 9-8-2007 |
|
CCIAA province and number |
LI 139503 |
|
Company Status |
Active |
|
Currency |
EURO (€) |
Credit Rating Summary
|
Credit Limit |
43.000 (Euro) |
Capital Information
|
Paid up share capital |
100.000 |
|
Authorised share capital |
100.000 |
|
Subscribed share capital |
100.000 |
Activity
|
SIC Code |
3264 |
|
Business Activity |
PRODUZIONE, LAVORAZIONE |
Financial Data
|
Date of Latest Accounts |
31-12-2009 |
|
Turnover |
6.058.917 |
|
Profit & Loss |
25.234 |
|
Number of Employees |
33 |
Business Activity and Financial
Ratios
|
SIC Code |
3264 |
|
Business Activity |
PRODUCTION, PROCESSING AND MARKETING OF
PORCELAIN, CERAMICS AND INSULATING MATERIAL
ALI IN GENERAL. |
|
Company Purpose |
OBJECT NAME: COMPANY 1.LA 'DEALS
WITH: - THE PRODUCTION, PROCESSING AND MARKETING
OF PORCELAIN, CERAMICS
AND INSULATING MATERIALS IN GENERAL |
|
Ateco Code |
23.43 |
|
Ateco Description |
MANUFACTURE OF INSULATORS
AND INSULATING CERAMIC
PIECES |
|
SAE Code |
430 |
|
RAE Code |
248 |
|
Number of Employees |
33 |
|
Paid up share capital |
100.000 (EURO) |
|
Date of Latest Accounts |
31-12-2009 |
|
|
|
|
Key Financial Items |
|
|
Turnover |
6.058.917 |
|
Profit & Loss |
25.234 |
|
Shareholders Equity |
67.737 |
|
Fixed Assets |
549.270 |
Balance Sheet (Assets)
|
Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
DUE FROM SHAREHOLDERS FOR SUBSCRIBED SHARE
CAPITAL UNPAID |
0 |
0 |
0 |
|
Total Fixed Assets |
549.270 |
444.357 |
6.277 |
|
- Intangible assets |
14.016 |
17.458 |
6.277 |
|
- Tangible assets |
437.754 |
426.899 |
0 |
|
- - Land and Buildings |
0 |
0 |
0 |
|
- Financial assets |
97.500 |
0 |
0 |
|
- - Amounts owed by assoc./affiliated co.s |
97.500 |
0 |
0 |
|
- - Holdings |
0 |
0 |
0 |
|
- - Treasury stocks |
0 |
0 |
0 |
|
|
|
|
|
|
Total Current Assets |
3.201.640 |
2.560.814 |
752.082 |
|
- Stocks |
694.345 |
654.175 |
321.017 |
|
- - Semi-finished products & Raw materials |
411.095 |
250.948 |
|
|
- - Work-in-progress |
|
|
|
|
- Credits |
2.409.450 |
1.601.901 |
341.025 |
|
- - Short-term debtors |
2.409.450 |
1.601.901 |
136.045 |
|
- - Trade debtors |
1.302.701 |
725.055 |
204.980 |
|
- - Short-term trade debtors |
1.302.701 |
725.055 |
0 |
|
- Financial assets |
0 |
0 |
0 |
|
- - Treasury stocks |
0 |
0 |
0 |
|
- Cash and bank |
97.845 |
304.738 |
90.040 |
|
Prepayments & Accrued Income |
6.073 |
2.111 |
1.458 |
|
Total Assets |
3.756.983 |
3.007.282 |
759.817 |
Liabilities
|
SHAREHOLDERS' EQUITY |
67.737 |
42.503 |
10.000 |
|
- Share capital |
10.000 |
10.000 |
133.493 |
|
- Share premium reserve |
0 |
0 |
0 |
|
- Revaluation reserve |
0 |
0 |
0 |
|
PROVISIONS FOR RISKS & CHARGES |
23.894 |
40.593 |
0 |
|
- Provisions for taxation |
0 |
|
|
|
PROVISION FOR SEVERANCE INDEMNITY |
102.114 |
53.300 |
41.734 |
|
CREDITORS |
3.562.801 |
2.861.438 |
708.083 |
|
- Short-term creditors |
2.262.801 |
1.561.438 |
431.576 |
|
- Trade creditors |
1.525.297 |
974.772 |
354.062 |
|
- Amounts due to banks - short term |
0 |
0 |
0 |
|
- Amounts due to banks - medium/long-term |
385.931 |
379.000 |
0 |
|
- Accrued expenses and deferred income |
|
|
|
|
PREPAYMENTS & ACCRUED INCOME |
437 |
9.448 |
0 |
|
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY |
3.756.983 |
3.007.282 |
759.817 |
|
MEMORANDUM ACCOUNTS |
872.401 |
943.659 |
500.000 |
|
ACCUMULATED DEPRECIATION OF TANGIBLE ASSETS |
100.807 |
|
|
Profit & Loss
|
PRODUCTION VALUE |
6.470.063 |
5.374.328 |
464.723 |
|
- Revenues |
6.058.917 |
5.177.617 |
212.394 |
|
- TOTAL CHANGES |
133.599 |
125.920 |
250.948 |
|
- Change in stocks of finished goods & work in progress |
|
|
|
|
- Change in stocks of finished goods & work in progress |
133.599 |
125.920 |
250.948 |
|
- Other revenues |
277.547 |
70.791 |
1.381 |
|
PRODUCTION COSTS |
6.380.130 |
5.287.193 |
599.498 |
|
- Purchase of raw materials & goods |
3.027.313 |
2.051.731 |
252.744 |
|
- Change in materials |
93.428 |
-207.238 |
-70.069 |
|
CONSUMPTION OF MATERIALS |
3.120.741 |
1.844.493 |
182.675 |
|
OVERHEADS |
2.104.408 |
2.342.248 |
303.615 |
|
- Provisions for risks & other |
22.400 |
40.593 |
41.734 |
|
VALUE ADDED |
1.267.314 |
1.228.180 |
20.167 |
|
STAFF COST |
971.393 |
985.919 |
111.120 |
|
- Provision for severance indemnity |
52.735 |
54.220 |
6.079 |
|
G.O.M. |
-4.026 |
130.877 |
-134.068 |
|
AMORT./DEPREC/WRITED. OF FIXED ASSETS |
73.641 |
46.516 |
1.569 |
|
- Amortisation / depreciation / writedowns |
72.991 |
40.741 |
1.569 |
|
- Amortisation of intangible assets |
7.197 |
5.319 |
1.569 |
|
- Depreciation of tangible assets |
65.794 |
35.422 |
- |
|
PROFIT / (LOSS) FROM ORDINARY OPERATING
ACTIVITIES |
-77.667 |
84.361 |
-135.637 |
|
OTHER INCOME / CHARGES |
168.929 |
7.514 |
864 |
|
- Interest receivable & similar income |
1.482 |
4.499 |
2 |
|
OPERATING PROFIT / (LOSS) |
91.262 |
91.875 |
-134.773 |
|
FINANCIAL CHARGES |
11.849 |
15.559 |
161 |
|
PROFIT / (LOSS) BEFORE EXTRAORDINARY OP.S |
79.413 |
76.316 |
-134.934 |
|
ADJUSTMENTS TO VALUE OF FINANCIAL ASSETS (+-) |
- |
- |
- |
|
EXTRAORDINARY INCOME/CHARGES (+-) |
- |
- |
- |
|
PROFIT / (LOSS) BEFORE TAXATION |
79.413 |
76.316 |
-134.934 |
|
TAXATION |
54.179 |
43.813 |
-11.441 |
|
PROFIT (LOSS) FOR THE PERIOD |
25.234 |
32.503 |
-123.493 |
|
CASH FLOW |
98.875 |
79.019 |
-121.924 |
|
EMPLOYEES |
33 |
34 |
|
Ratios
|
Date |
2009 |
2008 |
2007 |
|
Returns Ratios |
|||
|
R.O.E. (Return On Equity) |
37.25 |
76.47 |
0 |
|
R.O.I. (Return On Investment) |
-2.07 |
2.81 |
-17.85 |
|
R.O.S. (Return On Sales) |
1.48 |
1.68 |
-63.45 |
|
R.O.A. (Return On Assests) |
2.39 |
2.9 |
-17.74 |
|
G.O.M on Returns |
-0.07 |
2.53 |
-63.12 |
|
Turnover Ratio |
|||
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Invested Capital Turnover |
161.27 |
172.17 |
27.95 |
|
Current Assets Turnover |
189.24 |
202.19 |
28.24 |
|
Warehouse Turnover |
872.61 |
791.47 |
66.16 |
|
Equity and
Financial Ratios |
|||
|
Fixed Assets Cover |
12.33 |
9.57 |
159.31 |
|
Banks on Current Assets |
12.05 |
14.8 |
0 |
|
Short-term Banks on Current Assets |
12.05 |
14.8 |
0 |
|
Gearing |
98.2 |
98.59 |
98.68 |
|
Shareholders' Equity / Invested Capital |
1.8 |
1.41 |
1.32 |
|
Financial Charges on Turnover |
0.2 |
0.3 |
0.08 |
|
Financial Charges on G.O.M. |
-294.31 |
11.89 |
-0.12 |
|
Productivity
Ratios |
|||
|
Turnover per Employee |
183603.55 |
152282.85 |
0 |
|
Operating Value Added per Employee |
38403.45 |
36122.94 |
0 |
|
Labour Cost per Employee |
29436.15 |
28997.62 |
0 |
|
Labour Cost on Turnover |
16.03 |
19.04 |
52.32 |
|
Value Added on Turnover |
20.92 |
23.72 |
9.49 |
|
Liquidity Ratios
|
|||
|
Current Ratio |
141.73 |
163.15 |
127.11 |
|
Acid-Test Ratio |
111.05 |
121.51 |
52.72 |
|
Days of Credit to Customers or Duration of Amounts owed by Customers |
77.4 |
50.41 |
347.43 |
|
Days of Credit from Suppliers or Duration of Amounts owed to Suppliers
|
107.47 |
80.61 |
247.68 |
|
Days of Stocks or Duration of Stocks |
41.26 |
45.49 |
544.11 |
|
Rate of intensity of Current Assets |
52.94 |
49.5 |
258.27 |
|
Incidence Ratios
for Cost |
|||
|
Consumption of Materials on Costs |
48.91 |
34.89 |
30.47 |
|
External Costs on Costs |
82.25 |
79.95 |
88.08 |
|
Labour Costs on Costs |
15.23 |
18.65 |
18.54 |
|
Depreciation and Devaluation on Costs |
1.15 |
0.88 |
0.26 |
Directors Information
|
Power of Statute (board) |
IL CONSIGLIO DI AMMINISTRAZIONE E' INVESTITO DI TUTTI I POTERI DI
ORDINARIA E STRAORDINARIA AMMINISTRAZIONE DELLA SOCIETA', NEL RISPETTO DI
QUANTO DELIBERATO DALL'ASSEMBLEA E SALVO QUANTO ALTRIMENTI ... |
|
Type |
Executive |
|
Forename |
GIORGIO |
|
Surname |
GIORGI |
|
Date of Birth |
26-9-1949 |
|
Gender |
Male |
|
Place of Birth |
MAGLIANO IN TOSCANA (GR) |
|
Resident Address |
VIA BANTI , 2 57012 - ROSIGNANO MARITTIMO
(LI) |
|
Director Fiscal Code |
GRGGRG49P26E810A |
|
COUNCILLOR since |
15-4-2009 |
|
BOARD OF DIRECTORS PRESIDENT since |
23-4-2009 |
|
MANAGING DIRECTOR since |
23-4-2009 |
|
|
|
|
Type |
Executive |
|
Forename |
ORIETTA |
|
Surname |
BARZON |
|
Date of Birth |
27-8-1958 |
|
Gender |
Female |
|
Place of Birth |
PADOVA (PD) |
|
Resident Address |
VIA ALSAZIA , 30 35100 - PADOVA (PD) |
|
Director Fiscal Code |
BRZRTT58M67G224S |
|
COUNCILLOR since |
15-4-2009 |
|
MANAGING DIRECTOR since |
23-4-2009 |
|
|
|
|
Type |
Executive |
|
Forename |
FRANCESCO |
|
Surname |
BASSO |
|
Date of Birth |
1-11-1955 |
|
Gender |
Male |
|
Place of Birth |
MASER (TV) |
|
Resident Address |
VIA EINAUDI , 4 31041 - CORNUDA (TV) |
|
Director Fiscal Code |
BSSFNC55S01F009K |
|
COUNCILLOR since |
15-4-2009 |
|
MANAGING DIRECTOR since |
23-4-2009 |
|
|
|
|
Type |
Executive |
|
Forename |
STEFANO |
|
Surname |
GIORGI |
|
Date of Birth |
20-8-1967 |
|
Gender |
Male |
|
Place of Birth |
|
|
Resident Address |
VIA LUNARDI , 4 57100 - |
|
Director Fiscal Code |
GRGSFN67M20E625M |
|
SOLICITOR since |
9-5-2008 |
|
|
|
|
Type |
Company |
|
Name |
IMMOBILIARE CERAMICA |
|
Address |
FILZI FABIO VIA, 31 57122 - |
|
Director Fiscal Code |
01485150492 |
|
SOLE PARTNER since |
24-12-2008 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.65 |
|
|
1 |
Rs.71.93 |
|
Euro |
1 |
Rs.63.24 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.