MIRA INFORM REPORT

 

 

Report Date :           

23.12.2011

 

IDENTIFICATION DETAILS

 

Name :

ESCA SRL

 

 

Registered Office :

Via Piane Tronto 68, Bivio Per Controguerra, Controguerra, 64010

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

31.07.1980

 

 

Com. Reg. No.:

00497200444

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Subject is engaged in freezing of fish; and other fish processing and preserving.

 

 

No. of Employees :

53 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Italy

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Esca SRL

Via Piane Tronto 68

Bivio Per Controguerra

Controguerra, 64010

Italy

Tel:       +39 0861 809921

Fax:      +39 0861 809946

 

 

Synthesis  

 

Employees:                  53

Company Type:            Private Independent

Incorporation Date:         31-Jul-1980      

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               29.4

Total Assets:                29.5

 

 

Business Description     

 

Esca SRL is primarily engaged in freezing of fish; and other fish processing and preserving.

 

Industry

Industry            Food Processing

ANZSIC 2006:    1120 - Seafood Processing

NACE 2002:      1520 - Processing and preserving of fish and fish products

NAICS 2002:     31171 - Seafood Product Preparation and Packaging

UK SIC 2003:    1520 - Processing and preserving of fish and fish products

US SIC 1987:    2092 - Prepared Fresh or Frozen Fish and Seafoods

 

           

Key Executives   

 

Name                           Title    

Ida Piergallini                 President         

Giuseppe Patrizi            Vice president  

Patrizio Patrizi               Member of the board     


News   

 

Title

Date

Summer action is cooking up
Messenger - Guardian (Australia) (174 Words)

21-Dec-2011

THE OTHER SIDE
Gulf News (United Arab Emirates) (620 Words)

19-Nov-2011

Western Visayas pushed as heritage food destination
Philippines News Agency (301 Words)

13-Nov-2011

Pet ban for dog's hammer attacker
Evening Times (Glasgow, Scotland) (286 Words)

4-Nov-2011

1st WV Regional Heritage Cooking Competition and Food Fair slated Nov. 14-19
Philippines News Agency (179 Words)

2-Nov-2011

 

Registered No.(ITA): 00497200444

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

 

 

Corporate Overview

 

Location

Via Piane Tronto 68

Bivio Per Controguerra

Controguerra, 64010

TERAMO County

Italy

Tel:       +39 0861 809921

Fax:      +39 0861 809946

           

Sales EUR(mil):             22.2

Assets EUR(mil):           22.0

Employees:                   53

Fiscal Year End:            31-Dec-2010

Industry:                        Food Processing

Incorporation Date:         31-Jul-1980

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(ITA):       00497200444

Member of the board:     Patrizio Patrizi

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

1120     -          Seafood Processing

 

NACE 2002 Codes:

1520     -          Processing and preserving of fish and fish products

 

NAICS 2002 Codes:

31171   -          Seafood Product Preparation and Packaging

 

US SIC 1987:

2092     -          Prepared Fresh or Frozen Fish and Seafoods

 

UK SIC 2003:

1520     -          Processing and preserving of fish and fish products

 

Business Description

Esca SRL is primarily engaged in freezing of fish; and other fish processing and preserving.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

22.2

Assets:

22.0

Current Assets:

14.6

 

Total Liabilities:

22.0

 

Net Worth:

12.3

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

2.7%

NA

 

Key Corporate Relationships

Bank:

Banca Monte dei Paschi di Siena Ag, Intesa Sanpaolo Ag

 

 

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Patrizio Patrizi

 

Member of the board

Director/Board Member

B 

 

Executives

 

Name

Title

Function

Source

Ida Piergallini

 

President

President

 

Giuseppe Patrizi

 

Vice president

Other

 

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Total income

30.0

29.9

28.3

Net sales

29.4

30.1

27.9

Other operating income

0.3

0.5

0.4

Raw materials and consumables employed

15.9

15.7

14.5

Other expenses

4.2

4.8

4.8

Total payroll costs

3.4

3.3

3.1

Fixed asset depreciation and amortisation

1.0

1.0

1.0

Other operating costs

0.1

0.2

0.1

Net operating income

5.4

5.0

4.7

Total financial income

0.1

0.0

-0.7

Total expenses

0.2

0.2

0.1

Profit before tax

5.3

4.9

3.8

Extraordinary result

0.0

0.0

0.0

Profit after extraordinary items and before tax

5.3

4.9

3.8

Total taxation

1.9

1.7

1.5

Net profit

3.4

3.2

2.4

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Total stockholders equity

16.4

16.8

14.8

Provision for risks

1.1

1.1

0.9

Provision for pensions

0.5

0.5

0.6

Mortgages and loans

1.3

-

-

Trade creditors

8.2

9.1

8.6

Bank loans and overdrafts

0.2

1.1

2.4

Other current liabilities

0.6

0.8

0.3

Accruals and deferred income

1.1

1.5

1.5

Total current liabilities

10.2

12.6

12.9

Total liabilities (including net worth)

29.5

31.0

29.1

Intangibles

0.0

0.0

0.0

Buildings

6.3

6.7

6.6

Total tangible fixed assets

9.6

9.9

9.1

Total financial assets

0.1

-

-

Receivables due after 1 year

0.2

-

-

Total non-current assets

9.9

9.9

9.1

Finished goods

1.7

1.6

2.2

Net stocks and work in progress

3.6

3.4

4.8

Trade debtors

14.4

14.7

12.2

Other receivables

0.1

0.9

1.3

Cash and liquid assets

1.4

2.0

1.8

Accruals

0.1

0.0

0.0

Total current assets

19.6

21.1

20.0

Total assets

29.5

31.0

29.1

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

1.90

1.70

1.60

Quick ratio

1.60

1.40

1.20

Current liabilities to net worth

0.01%

0.01%

0.01%

Sales per employee

0.42

0.43

0.37

Profit per employee

0.08

0.07

0.05

Average wage per employee

0.05

0.05

0.04

Net worth

16.4

16.8

14.8

Number of employees

53

50

51

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.78

UK Pound

1

Rs.82.73

Euro

1

Rs.68.88

 

 

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.