MIRA INFORM REPORT

 

 

Report Date :           

06.08.2011

 

IDENTIFICATION DETAILS

 

Name :

PULIMETAL CITTADINI SRL

 

 

Registered Office :

Via Sebina 8, Provaglio D' Iseo, 25050

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

27.02.1995

 

 

Com. Reg. No.:

03311660173

 

 

Legal Form :

Private Independent

 

 

Line of Business :

manufacture of machines and equipment for handling hot metals

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Italy

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name & address 

 

Pulimetal Cittadini SRL

Via Sebina 8

Provaglio D' Iseo, 25050

Italy

 

Tel:       +39 0309 823718

Fax:      +39 0309 823856

 

 

Synthesis     

 

Employees:                  7

Company Type:            Private Independent

Incorporation Date:         27-Feb-1995    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2009

Reporting Currency:       Euro

Annual Sales:                3.4

Total Assets:                3.4

 

 

Business Description     

 

Pulimetal Cittadini SRL is primarily engaged in manufacture of machines and equipment for handling hot metals (converters, ingot moulds, ladles, casting machines); and manufacture of metal-rolling mills and rolls for such mills.

 

Industry 

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    2463 - Machine Tool and Parts Manufacturing

NACE 2002:      2951 - Manufacture of machinery for metallurgy

NAICS 2002:     333516 - Rolling Mill Machinery and Equipment Manufacturing

UK SIC 2003:    2951 - Manufacture of machinery for metallurgy

US SIC 1987:    3549 - Metalworking Machinery, Not Elsewhere Classified

 

           


Key Executives   

 

Name

Title

Giovanna Zucchini

President

Daniele Zucchini

Managing director

Mario Cittadini

Vice president

Mario Zucchini

Member of the board

Mauro Cittadini

Managing director

 

 

Registered No.(ITA): 03311660173

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855

 

 

Corporate Overview

 

Location

Via Sebina 8

Provaglio D' Iseo, 25050

Italy

Tel:       +39 0309 823718

Fax:      +39 0309 823856

 Suggest Company URL

           

Sales EUR(mil):             2.4

Assets EUR(mil):           2.4

Employees:                   7

Fiscal Year End:            31-Dec-2009

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         27-Feb-1995

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(ITA):       03311660173

Managing director:         Mauro Cittadini

 

Contents

 

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2463     -          Machine Tool and Parts Manufacturing

941       -          Automotive Repair and Maintenance

 

NACE 2002 Codes:

5020     -          Maintenance and repair of motor vehicles

2951     -          Manufacture of machinery for metallurgy

 

NAICS 2002 Codes:

8111     -          Automotive Repair and Maintenance

333516  -          Rolling Mill Machinery and Equipment Manufacturing

 

US SIC 1987:

3549     -          Metalworking Machinery, Not Elsewhere Classified

753       -          Automotive Repair Shops

 

UK SIC 2003:

2951     -          Manufacture of machinery for metallurgy

5020     -          Maintenance and repair of motor vehicles

 

Business Description

Pulimetal Cittadini SRL is primarily engaged in manufacture of machines and equipment for handling hot metals (converters, ingot moulds, ladles, casting machines); and manufacture of metal-rolling mills and rolls for such mills.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

2.4

Assets:

2.4

Current Assets:

1.6

 

Total Liabilities:

2.4

 

Net Worth:

0.2

 

 

 

Date of Financial Data:

31-Dec-2009

 

1 Year Growth

32.8%

NA

 

Key Corporate Relationships

Bank:

Credito Bergamasco Ag, Banca di Valle Camonica Ag

 

 

 

 

 

 

 

 

 

 

Executives Report

 

Board of Directors

 

Name

Title

Function

 

Mario Zucchini

 

Member of the board

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Giovanna Zucchini

 

President

President

 

Mauro Cittadini

 

Managing director

Managing Director

 

Elisabetta Zucchini

 

Managing director

Managing Director

 

Eros Zucchini

 

Managing director

Managing Director

 

Daniele Zucchini

 

Managing director

Managing Director

 

Mario Cittadini

 

Vice president

Other

 

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.719047

0.683679

0.730637

Consolidated

No

No

No

 

 

 

 

Total income

3.4

3.8

4.7

Net sales

3.4

3.8

4.7

Other operating income

0.1

0.1

0.1

Raw materials and consumables employed

1.9

2.7

2.7

Other expenses

1.0

1.2

1.2

Total payroll costs

0.4

0.5

0.5

Fixed asset depreciation and amortisation

0.0

0.0

0.1

Other operating costs

0.0

0.0

0.0

Net operating income

0.1

-

0.2

Total financial income

0.0

-

-

Total expenses

0.1

0.1

0.1

Profit before tax

0.0

-

0.1

Profit after extraordinary items and before tax

0.0

0.1

0.1

Total taxation

0.0

0.0

0.1

Net profit

0.0

0.0

0.1

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

Consolidated

No

No

No

 

 

 

 

Total stockholders equity

0.2

0.2

0.2

Provision for pensions

0.2

0.1

0.2

Mortgages and loans

1.5

-

-

Other long-term liabilities

-

1.0

1.1

Trade creditors

0.6

-

-

Bank loans and overdrafts

0.5

-

-

Other current liabilities

0.6

2.0

2.4

Accruals and deferred income

0.3

0.0

0.0

Total current liabilities

1.9

2.0

2.4

Total liabilities (including net worth)

3.4

3.3

3.9

Intangibles

0.0

0.0

0.0

Total tangible fixed assets

1.1

1.1

1.2

Receivables due after 1 year

0.0

-

0.1

Total non-current assets

1.2

1.1

1.3

Net stocks and work in progress

0.8

1.3

0.7

Other receivables

1.3

0.8

1.7

Cash and liquid assets

0.0

0.1

0.2

Accruals

0.1

0.0

0.0

Total current assets

2.2

2.2

2.6

Total assets

3.4

3.3

3.9

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

Consolidated

No

No

No

 

 

 

 

Sales per employee

0.67

0.36

0.48

Profit per employee

0.01

0.01

0.01

Average wage per employee

0.08

0.04

0.05

Net worth

0.2

0.2

0.2

Number of employees

7

14

14

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.80

UK Pound

1

Rs.72.86

Euro

1

Rs.63.11

 

 

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%)

 

 

 

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.