MIRA INFORM
REPORT
|
Report Date : |
17.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
ABRASIVI ADRIA S.R.L. |
|
|
|
|
Registered Office : |
Via Dell'industria , 63,
Sant'ambrogio Di Valpolicella, 37010 |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
09.12.1982 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Production and Sales Abrasives,
Polishes, Waxes, Abrasive Paste and Sealed For Processing Marble and Granite. |
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 |
|
Maximum Credit Limit : |
EURO 191.600 |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
Italy |
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 |
ABRASIVI ADRIA S.R.L. |
|
Company Type |
LIMITED LIABILITY COMPANY |
|
Address |
VIA DELL'INDUSTRIA , 63 |
|
Town |
SANT'AMBROGIO DI VALPOLICELLA |
|
Post Code |
37010 |
|
Telephone Number |
0456860323 |
|
Province |
SANT'AMBROGIO DI VALPOLICELLA |
|
Fiscal Code |
01536550237 |
|
VAT Number |
01536550237 |
|
Activity Start Date |
1-1-1983 |
|
Incorporation Date |
9-12-1982 |
|
Closure Date |
31-12-2050 |
|
REA Inscription |
183199 on the date of 17-1-1983 |
|
CCIAA province and number |
VR 183199 |
|
Company Status |
Active |
|
Currency |
EURO (€) |
Credit Rating Summary
|
Credit Limit |
191.600 (Euro) |
Capital Information
|
Paid up share capital |
10.400 |
|
Authorised share capital |
10.400 |
|
Subscribed share capital |
10.400 |
Activity
|
SIC Code |
2816 |
|
Business Activity |
|
Financial Data
|
Date of Latest Accounts |
31-12-2009 |
|
Turnover |
11.629.049 |
|
Profit & Loss |
477.601 |
|
Number of Employees |
48 |
Subsidiaries
|
Address |
Type of
Premesis |
|
VIA VALLE D'AOSTA 13
- SASSUOLO (MO) |
WAREHOUSE |
|
VIA VALPOLICELLA 20 - PESCANTINA (VR) |
ESTABLISHMENT |
|
VIALE CASE SPARSE PRUNEA
DI SOTTO - SANT'AMBROGIO DI VALPOLICELLA (VR) |
WAREHOUSE |
|
CASELLA POSTALE SPARSE
MONTINDON 6 - SANT'AMBROGIO DI VALPOLICELLA (VR) |
FILING |
Business Activity and Financial
Ratios
|
SIC Code |
2816 |
|
Business Activity |
|
|
Company Purpose |
OGGETTO SOCIALE:
PRODUZIONE E VENDITA ABRASIVI, LUCIDANTI, CERE, PASTE ABRASIVE E MASTICI PER
LA LAVORAZIONE DEL MARMO E DEL GRANITO (OBJECT NAME: PRODUCTION AND SALES abrasives,
polishes, waxes, abrasive paste and sealed for PROCESSING MARBLE AND GRANITE) |
|
Ateco Code |
20.12 |
|
Ateco Description |
FABBRICAZIONE DI COLORANTI E PIGMENTI |
|
SAE Code |
430 |
|
RAE Code |
246 |
|
Number of Employees |
48 |
|
Paid up share capital |
10.400 (EURO) |
|
Date of Latest Accounts |
31-12-2009 |
|
|
|
|
Key Financial Items |
|
|
Turnover |
11.629.049 |
|
Profit & Loss |
477.601 |
|
Shareholders Equity |
9.640.153 |
|
Fixed Assets |
4.366.852 |
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 |
4.366.852 |
4.515.107 |
4.588.097 |
|
- Intangible assets |
14.201 |
0 |
0 |
|
- Tangible assets |
3.807.966 |
3.857.708 |
3.959.275 |
|
- - Land and Buildings |
2.733.830 |
2.818.426 |
2.727.858 |
|
- Financial assets |
544.685 |
657.399 |
628.822 |
|
- - Amounts owed by assoc./affiliated co.s |
0 |
0 |
0 |
|
- - Holdings |
544.685 |
657.399 |
627.399 |
|
- - Treasury stocks |
0 |
0 |
0 |
|
|
|
|
|
|
Total Current Assets |
8.953.431 |
7.723.750 |
7.136.071 |
|
- Stocks |
1.028.459 |
972.944 |
1.204.399 |
|
- - Semi-finished products & Raw materials |
647.937 |
623.019 |
615.779 |
|
- - Work-in-progress |
|
|
|
|
- Credits |
7.802.959 |
6.190.406 |
5.194.088 |
|
- - Short-term debtors |
7.687.659 |
6.110.406 |
5.194.088 |
|
- - Trade debtors |
4.433.627 |
4.208.417 |
3.848.126 |
|
- - Short-term trade debtors |
4.433.627 |
4.208.417 |
3.848.126 |
|
- Financial assets |
0 |
0 |
0 |
|
- - Treasury stocks |
0 |
0 |
0 |
|
- Cash and bank |
122.013 |
560.400 |
737.584 |
|
Prepayments & Accrued Income |
27.207 |
13.730 |
11.927 |
|
Total Assets |
13.347.490 |
12.252.587 |
11.736.095 |
Liabilities
|
SHAREHOLDERS' EQUITY |
9.640.153 |
9.162.544 |
7.892.548 |
|
- Share capital |
10.400 |
10.400 |
10.400 |
|
- Share premium reserve |
0 |
0 |
0 |
|
- Revaluation reserve |
0 |
0 |
0 |
|
PROVISIONS FOR RISKS & CHARGES |
0 |
0 |
0 |
|
- Provisions for taxation |
0 |
0 |
0 |
|
PROVISION FOR SEVERANCE INDEMNITY |
525.705 |
426.813 |
323.575 |
|
CREDITORS |
3.179.262 |
2.661.330 |
3.514.620 |
|
- Short-term creditors |
3.179.262 |
2.661.330 |
3.514.620 |
|
- Trade creditors |
2.421.570 |
1.983.616 |
2.385.779 |
|
- Amounts due to banks - short term |
0 |
0 |
0 |
|
- Amounts due to banks - medium/long-term |
66.496 |
0 |
467.379 |
|
- Accrued expenses and deferred income |
|
|
|
|
PREPAYMENTS & ACCRUED INCOME |
2.370 |
1.900 |
5.352 |
|
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY |
13.347.490 |
12.252.587 |
11.736.095 |
|
MEMORANDUM ACCOUNTS |
0 |
0 |
0 |
|
ACCUMULATED DEPRECIATION OF TANGIBLE ASSETS |
|
|
|
Profit & Loss
|
PRODUCTION VALUE |
11.796.530 |
12.624.409 |
11.843.941 |
|
- Revenues |
11.629.049 |
12.454.649 |
11.587.680 |
|
- TOTAL CHANGES |
24.918 |
7.240 |
127.709 |
|
- Change in stocks of finished goods & work in
progress |
|
|
|
|
- Change in stocks of finished goods & work in
progress |
24.918 |
7.240 |
127.709 |
|
- Other revenues |
142.563 |
162.520 |
128.552 |
|
PRODUCTION COSTS |
10.796.941 |
10.686.987 |
9.935.134 |
|
- Purchase of raw materials & goods |
5.344.386 |
5.867.109 |
5.947.810 |
|
- Change in materials |
-30.965 |
-7.623 |
-169.562 |
|
CONSUMPTION OF MATERIALS |
5.313.421 |
5.859.486 |
5.778.248 |
|
OVERHEADS |
1.924.193 |
1.747.992 |
1.381.888 |
|
- Provisions for risks & other |
- |
- |
- |
|
VALUE ADDED |
4.558.916 |
5.016.931 |
4.683.805 |
|
STAFF COST |
2.955.549 |
2.526.812 |
2.152.774 |
|
- Provision for severance indemnity |
150.914 |
122.191 |
112.485 |
|
G.O.M. |
1.460.804 |
2.327.599 |
2.402.479 |
|
AMORT./DEPREC/WRITED. OF FIXED ASSETS
|
423.304 |
438.131 |
476.938 |
|
- Amortisation / depreciation / writedowns |
356.593 |
378.641 |
451.868 |
|
- Amortisation of intangible assets |
7.099 |
- |
- |
|
- Depreciation of tangible assets |
349.494 |
378.641 |
451.868 |
|
PROFIT / (LOSS) FROM ORDINARY OPERATING
ACTIVITIES |
1.037.500 |
1.889.468 |
1.925.541 |
|
OTHER INCOME / CHARGES |
-762 |
102.937 |
-71.949 |
|
- Interest receivable & similar income |
7.320 |
15.748 |
40.302 |
|
OPERATING PROFIT / (LOSS) |
1.036.738 |
1.992.405 |
1.853.592 |
|
FINANCIAL CHARGES |
1.651 |
22.916 |
48.794 |
|
PROFIT / (LOSS) BEFORE EXTRAORDINARY
OP.S |
1.035.087 |
1.969.489 |
1.804.798 |
|
ADJUSTMENTS TO VALUE OF FINANCIAL
ASSETS (+-) |
-152.714 |
- |
-287.876 |
|
EXTRAORDINARY INCOME/CHARGES (+-) |
3 |
3 |
1 |
|
PROFIT / (LOSS) BEFORE TAXATION |
882.376 |
1.969.492 |
1.516.923 |
|
TAXATION |
404.775 |
699.496 |
787.657 |
|
PROFIT (LOSS) FOR THE PERIOD |
477.601 |
1.269.996 |
729.266 |
|
CASH FLOW |
900.905 |
1.708.127 |
1.206.204 |
|
EMPLOYEES |
48 |
36 |
41 |
Ratios
|
Date |
2009 |
2008 |
2007 |
|
Returns Ratios |
|||
|
R.O.E. (Return On Equity) |
4.95 |
13.86 |
9.24 |
|
R.O.I. (Return On Investment) |
7.77 |
15.42 |
16.41 |
|
R.O.S. (Return On Sales) |
8.6 |
15.56 |
16.47 |
|
R.O.A. (Return On Assests) |
7.49 |
15.81 |
16.26 |
|
G.O.M on Returns |
12.56 |
18.69 |
20.73 |
|
Turnover Ratio |
|||
|
Invested Capital Turnover |
87.13 |
101.65 |
98.74 |
|
Current Assets Turnover |
129.88 |
161.25 |
162.38 |
|
Warehouse Turnover |
1130.73 |
1280.1 |
962.11 |
|
Equity and
Financial Ratios |
|||
|
Fixed Assets Cover |
220.76 |
202.93 |
172.02 |
|
Banks on Current Assets |
0.74 |
0 |
6.55 |
|
Short-term Banks on Current Assets |
0.74 |
0 |
6.55 |
|
Gearing |
27.78 |
25.22 |
32.75 |
|
Shareholders' Equity / Invested Capital |
72.22 |
74.78 |
67.25 |
|
Financial Charges on Turnover |
0.01 |
0.18 |
0.42 |
|
Financial Charges on G.O.M. |
0.11 |
0.99 |
2.03 |
|
Productivity
Ratios |
|||
|
Turnover per Employee |
242271.85 |
345962.47 |
282626.34 |
|
Operating Value Added per Employee |
94977.42 |
139359.19 |
114239.15 |
|
Labour Cost per Employee |
61573.94 |
70189.22 |
52506.68 |
|
Labour Cost on Turnover |
25.42 |
20.29 |
18.58 |
|
Value Added on Turnover |
39.2 |
40.28 |
40.42 |
|
Liquidity Ratios
|
|||
|
Current Ratio |
278.64 |
287.53 |
203.07 |
|
Acid-Test Ratio |
246.32 |
250.99 |
168.85 |
|
Days of Credit to Customers or Duration of Amounts owed by Customers |
137.25 |
121.64 |
119.55 |
|
Days of Credit from Suppliers or Duration of Amounts owed to Suppliers
|
119.94 |
93.77 |
117.18 |
|
Days of Stocks or Duration of Stocks |
31.84 |
28.12 |
37.42 |
|
Rate of intensity of Current Assets |
76.23 |
61.48 |
61.69 |
|
Incidence Ratios
for Cost |
|||
|
Consumption of Materials on Costs |
49.21 |
54.83 |
58.16 |
|
External Costs on Costs |
67.03 |
71.18 |
72.07 |
|
Labour Costs on Costs |
27.37 |
23.64 |
21.67 |
|
Depreciation and Devaluation on Costs |
3.92 |
4.1 |
4.8 |
Directors Information
|
Power of Statute (board) |
L'ORGANO AMMINISTRATIVO,
QUALUNQUE SIA LA SUA STRUTTURA, HA TUTTI I POTERI DI ORDINARIA E
STRAORDINARIA AMMINISTRAZIONE, ESCLUSI QUELLI CHE LA LEGGE RISERVA
ESPRESSAMENTE AI SOCI. NEL CASO DI NOMINA ... |
|
Type |
Executive |
|
Forename |
IVANA |
|
Surname |
SONA |
|
Date of Birth |
9-3-1943 |
|
Gender |
Female |
|
Place of Birth |
|
|
Resident Address |
VLE DEL LAVORO , 3
37010 - SANT'AMBROGIO DI VALPOLICELLA (VR) |
|
Director Fiscal Code |
SNOVNI43C49L781H |
|
MANAGING DIRECTOR since |
5-6-2002 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.45 |
|
|
1 |
Rs.72.90 |
|
Euro |
1 |
Rs.61.43 |
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 Company |
---- |
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.