MIRA INFORM REPORT
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Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
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Name : |
CALZIFICIO PUNTO SRL |
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Registered Office : |
Via Degli Artigiani 16, Bagnolo Mella, 25021 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
11.05.2006 |
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Com. Reg. No.: |
02771670987 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
manufacture of hosiery, including socks, tights and pantihose |
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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name & address
Calzificio Punto SRL
Via Degli Artigiani 16
Bagnolo Mella, 25021
Italy
Tel: +39 0306 820729
Fax: +39 0306 20695
Synthesis
Employees: 62
Company Type: Private Independent
Incorporation Date:
11-May-2006
Reporting Currency: NA
Annual Sales: NA
Total Assets: NA
Business Description
Calzificio Punto SRL
is primarily engaged in manufacture of hosiery, including socks, tights and
pantihose. This class also includes: manufacture of footwear of textile
materials without applied soles.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 1340 - Knitted
Product Manufacturing
NACE 2002: 1771 - Manufacture
of knitted and crocheted hosiery
NAICS 2002: 3151 - Apparel
Knitting Mills
UK SIC 2003: 1771 - Manufacture
of knitted and crocheted hosiery
US SIC 1987: 2251 - Women's
Full-Length and Knee-Length Hosiery, Except Socks
Key Executives
Name Title
Alfredo Prisco President
Elisa Prisco Managing
director
Registered No.(ITA): 02771670987
1 - Profit & Loss Item Exchange Rate: USD 1 =
2 - Balance Sheet Item Exchange Rate: USD 1 =
Corporate Overview
Location
Via Degli Artigiani 16
Bagnolo Mella, 25021
Italy
Tel: +39 0306 820729
Fax: +39 0306 20695
Sales (mil): NA
Assets (mil): NA
Employees: 62
Industry: Apparel
and Accessories
Incorporation Date: 11-May-2006
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(ITA): 02771670987
Managing director: Elisa
Prisco
Contents
· Industry Codes
· Business Description
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1340 - Knitted Product Manufacturing
NACE 2002 Codes:
1771 - Manufacture of knitted and crocheted hosiery
NAICS 2002 Codes:
3151 - Apparel Knitting Mills
US SIC 1987:
2251 - Women's Full-Length and Knee-Length Hosiery, Except Socks
UK SIC 2003:
1771 - Manufacture of knitted and crocheted hosiery
Business
Description
Calzificio Punto SRL is primarily engaged in manufacture of hosiery,
including socks, tights and pantihose. This class also includes: manufacture of
footwear of textile materials without applied soles.
Key Corporate
Relationships
Bank: Credito Bergamasco Ag,
Banco di Brescia Ag
Executive report
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Executives |
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President |
President |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
7.3 |
7.2 |
9.6 |
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Net sales |
7.2 |
7.6 |
9.9 |
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Other operating income |
0.1 |
0.0 |
0.0 |
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Raw materials and consumables employed |
2.8 |
2.6 |
3.8 |
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Other expenses |
2.0 |
2.1 |
2.5 |
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Total payroll costs |
2.3 |
2.4 |
2.6 |
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Fixed asset depreciation and amortisation |
0.4 |
0.5 |
0.6 |
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Other operating costs |
0.1 |
0.1 |
0.1 |
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Net operating income |
- |
- |
0.0 |
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Total financial income |
0.0 |
0.0 |
- |
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Total expenses |
0.2 |
0.3 |
0.5 |
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Extraordinary result |
- |
- |
0.2 |
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Total taxation |
0.0 |
0.0 |
0.1 |
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Net loss |
0.9 |
0.8 |
0.4 |
Annual Balance Sheet
Financials in: USD
(mil)
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
0.9 |
1.9 |
2.7 |
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Provision for risks |
0.1 |
0.2 |
0.1 |
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Provision for pensions |
0.7 |
0.7 |
0.7 |
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Mortgages and loans |
1.4 |
- |
- |
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Other long-term liabilities |
0.3 |
- |
- |
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Trade creditors |
1.8 |
1.7 |
2.4 |
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Bank loans and overdrafts |
3.9 |
6.5 |
6.5 |
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Other current liabilities |
0.4 |
0.3 |
0.3 |
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Accruals and deferred income |
0.1 |
0.1 |
0.2 |
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Total current liabilities |
6.3 |
8.6 |
9.4 |
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Total liabilities (including net worth) |
9.7 |
11.4 |
12.9 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Buildings |
0.0 |
0.0 |
0.0 |
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Total tangible fixed assets |
0.8 |
1.2 |
1.5 |
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Receivables due after 1 year |
- |
- |
1.0 |
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Total non-current assets |
0.8 |
1.2 |
2.5 |
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Finished goods |
3.5 |
3.8 |
4.0 |
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Net stocks and work in progress |
5.4 |
5.7 |
5.9 |
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Trade debtors |
3.3 |
4.3 |
4.2 |
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Other receivables |
0.1 |
0.2 |
0.3 |
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Cash and liquid assets |
0.0 |
0.0 |
0.0 |
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Marketable securities |
0.0 |
- |
- |
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Accruals |
0.0 |
0.0 |
0.0 |
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Total current assets |
8.9 |
10.2 |
10.4 |
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Total assets |
9.7 |
11.4 |
12.9 |
Annual Ratios
Financials in: USD
(mil)
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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 |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Sales per employee |
0.17 |
0.17 |
0.26 |
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Average wage per employee |
0.05 |
0.05 |
0.07 |
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Net worth |
0.9 |
1.9 |
2.7 |
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Number of employees |
62 |
63 |
50 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.87 |
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UK Pound |
1 |
Rs.78.11 |
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Euro |
1 |
Rs.68.36 |
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 |
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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.