MIRA
INFORM REPORT
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Report Date : |
22.07.2011 |
IDENTIFICATION DETAILS
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Name : |
OMB SALERI SPA |
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Registered Office : |
Via Rose Di Sotto 38 C Brescia, 25126 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
13.05.1980 |
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Com. Reg. No.: |
01538780170 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Manufacture of metal household articles |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Italy |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Name and address
Omb Saleri SpA
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Business Description
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Omb Saleri SpA is primarily engaged in manufacture of metal household
articles (sauce-pans, frying pans and other non-electrical utensils for use
at the table or in the kitchen; base metal flat ware; small kitchen
appliances and accessories; and metal scouring pads); manufacture of baths,
sinks, wash basins and similar articles of base metal; manufacture of small
metal goods for office use; manufacture of safes, strong-boxes, armoured
doors, etc.; manufacture of cutlasses, swords, bayonets, etc.; manufacture of
ships’ propellers; and manufacture of various articles in base metal (metal
safety headgear; clasps, buckles, hooks; and sign plates). |
Industry
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Industry |
Miscellaneous Fabricated Products |
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ANZSIC 2006: |
2299 - Other Fabricated Metal Product
Manufacturing Not Elsewhere Classified |
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NACE 2002: |
2875 - Manufacture of other fabricated
metal products not elsewhere classified |
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NAICS 2002: |
332999 - All Other Miscellaneous
Fabricated Metal Product Manufacturing |
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UK SIC 2003: |
2875 - Manufacture of other fabricated
metal products not elsewhere classified |
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US SIC 1987: |
3432 - Plumbing Fixture Fittings and Trim |
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Key
Executives
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1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.6836792
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7193986
Corporate Overview
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Corporate Family |
Corporate
Structure News: |
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Total Corporate Family
Members: 4 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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PENTERE SRL |
Parent |
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Subsidiary |
Brescia, Brescia |
Italy |
Miscellaneous Fabricated Products |
61.0 |
125 |
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Subsidiary |
Vezzano Sul Crostolo, Reggio Emilia |
Italy |
Miscellaneous Fabricated Products |
13.2 |
17 |
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Subsidiary |
Brescia, Brescia |
Italy |
Miscellaneous Capital Goods |
5.4 |
10 |
Executives Report
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Annual Profit & Loss
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|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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Total income |
26.3 |
61.3 |
51.7 |
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Net sales |
25.7 |
61.0 |
47.6 |
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Other operating income |
0.9 |
1.0 |
0.8 |
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Raw materials and consumables employed |
9.8 |
31.5 |
24.6 |
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Other expenses |
7.7 |
15.5 |
11.8 |
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Total payroll costs |
5.9 |
8.0 |
6.4 |
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Fixed asset depreciation and amortisation |
2.4 |
3.2 |
2.9 |
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Other operating costs |
0.1 |
0.3 |
0.3 |
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Net operating income |
0.4 |
2.7 |
5.5 |
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Total financial income |
0.0 |
0.3 |
0.1 |
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Total expenses |
0.7 |
0.8 |
0.7 |
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Profit before tax |
- |
2.2 |
5.0 |
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Extraordinary result |
0.1 |
- |
0.1 |
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Profit after extraordinary items and before tax |
- |
2.2 |
5.1 |
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Total taxation |
0.1 |
0.9 |
2.1 |
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Net profit |
- |
1.2 |
2.9 |
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Net loss |
0.3 |
- |
- |
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Annual Balance Sheet |
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Financials in: USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
6.2 |
6.3 |
5.4 |
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Provision for risks |
1.2 |
1.0 |
0.9 |
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Provision for pensions |
0.9 |
1.0 |
1.1 |
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Mortgages and loans |
9.7 |
8.6 |
5.4 |
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Other long-term liabilities |
2.7 |
2.9 |
1.7 |
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Trade creditors |
10.4 |
13.1 |
15.0 |
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Bank loans and overdrafts |
6.9 |
5.9 |
5.0 |
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Other current liabilities |
0.9 |
0.5 |
3.4 |
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Accruals and deferred income |
0.3 |
0.2 |
0.2 |
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Total current liabilities |
18.5 |
19.7 |
23.6 |
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Total liabilities (including net worth) |
39.2 |
39.5 |
38.2 |
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Intangibles |
0.6 |
0.2 |
0.3 |
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Total tangible fixed assets |
10.9 |
9.5 |
4.2 |
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Long-term investments |
1.6 |
1.5 |
1.4 |
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Total financial assets |
1.6 |
1.5 |
1.4 |
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Receivables due after 1 year |
0.0 |
- |
- |
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Total non-current assets |
13.2 |
11.3 |
5.9 |
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Finished goods |
8.5 |
9.2 |
10.3 |
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Net stocks and work in progress |
12.8 |
13.0 |
15.1 |
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Trade debtors |
9.2 |
10.4 |
14.0 |
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Other receivables |
3.1 |
3.2 |
1.4 |
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Cash and liquid assets |
0.4 |
1.2 |
1.6 |
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Accruals |
0.4 |
0.5 |
0.2 |
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Total current assets |
26.0 |
28.3 |
32.3 |
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Total assets |
39.2 |
39.5 |
38.2 |
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Annual Ratios |
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Financials in: USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Sales per employee |
0.27 |
0.62 |
0.61 |
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Profit per employee |
- |
0.02 |
0.07 |
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Average wage per employee |
0.06 |
0.08 |
0.08 |
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Net worth |
6.2 |
6.3 |
5.4 |
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Number of employees |
132 |
130 |
110 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.43 |
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1 |
Rs.71.89 |
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Euro |
1 |
Rs.63.41 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.