MIRA
INFORM REPORT
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Report Date : |
29.11.2011 |
IDENTIFICATION DETAILS
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Name : |
Luilor SPA |
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Registered Office : |
Via Dei Tintori 13-15-17, Montemurlo, 59013 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
07.01.1991 |
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Com. Reg. No.: |
01584320970 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Operations on Cotton-Type Fibres, Carding and Combing; and
Manufacture of Cotton-Type Yarn, Either With Cotton or Artificial or
Synthetic Fibres, For Weaving, Knitting, Etc. |
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No. of Employees : |
59 |
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 : |
No Complaints |
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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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 and address
LUILOR SPA
Via Dei Tintori 13-15-17, Montemurlo, 59013, Italy
Tel: +39 0574 652822
Fax:+39 0574 720471
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Employees: 59 Company Type: Public Subsidiary Corporate Family: 2 Companies Ultimate Parent: 2 ELLEFILATI SRL Incorporation Date: 07-Jan-1991 |
Financials in: UDS (Mil)
|
Fiscal Year End: 31-Dec-2010 Reporting Currency: Euro Annual Sales: 22.1 Total Assets: 15.5 |
Business Description
Luilor SpA is primarily engaged in preparatory operations on cotton-type fibres, carding and combing; and manufacture of cotton-type yarn, either with cotton or artificial or synthetic fibres, for weaving, knitting, etc.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 1312 - Natural Textile Manufacturing
NACE 2002: 1711 - Preparation and spinning of cotton-type fibres
NAICS 2002: 313111 - Yarn Spinning Mills
UK SIC 2003: 1711 - Preparation and spinning of cotton-type fibres
US SIC 1987: 2211 - Broadwoven Fabric Mills, Cotton
Key Executives
|
Name |
Title |
|
Marco Biagioni |
President |
|
Alessandro Bini |
Managing director |
Registered No.(ITA):01584320970
1 - Profit & Loss
Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Sales EUR(mil): 16.7
Assets EUR(mil): 11.6
Employees: 59
Fiscal Year End: 31-Dec-2010
Industry: Apparel and
Accessories
Incorporation
Date: 07-Jan-1991
Company Type: Public Subsidiary
Quoted Status: Not Quoted
Registered
No.(ITA): 01584320970
Managing director:
Alessandro Bini
ANZSIC 2006 Codes:
1312 - Natural
Textile Manufacturing
NACE 2002 Codes:
1711 - Preparation
and spinning of cotton-type fibres
1715 - Throwing
and preparation of silk including from noils and throwing and texturing of synthetic
or artificial filament yarns
1712 - Preparation
and spinning of woollen-type fibres
NAICS 2002 Codes:
313111 - Yarn
Spinning Mills
313112 - Yarn
Texturing, Throwing, and Twisting Mills
US SIC 1987:
2282 - Yarn
Texturizing, Throwing, Twisting, and Winding Mills
2281 - Yarn
Spinning Mills
2211 - Broadwoven
Fabric Mills, Cotton
UK SIC 2003:
1712 - Preparation
and spinning of woollen-type fibres
1715 - Throwing
and preparation of silk including from noils and throwing and texturing of
synthetic or artificial filament yarns
1711 - Preparation
and spinning of cotton-type fibres
|
Financials in: EUR(mil) Revenue: 16.7 Assets: 11.6 Current Assets: 8.2 Total Liabilities: 11.6 Net Worth: 2.4 Date
of Financial Data: 31-Dec-2010 |
1 Year Growth 34.3% NA |
Bank: Deutsche Bank Ag, Cariprato Cassa di Risparmio di Prato Ag, Cassa di Risparmio di Pistoia e Pescia Ag
Corporate
Family
Total Corporate Family Members: 2
Corporate
Structure News
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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2 ELLEFILATI SRL |
Parent |
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Lulior Spa |
Subsidiary |
Montemurlo, Prato |
Italy |
Apparel and Accessories |
22.1 |
59 |
Executives Report
Executives
|
Name |
Title |
Function |
|
Marco Biagioni |
President |
President |
|
Alessandro Bini |
Managing director |
Managing Director |
Annual Profit And Loss
|
|
|
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 |
|
Exchange Rate (Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
23.1 |
21.8 |
30.1 |
|
Net sales |
22.1 |
20.8 |
29.6 |
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Other operating income |
0.8 |
0.5 |
0.6 |
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Raw materials and consumables employed |
7.3 |
7.4 |
10.1 |
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Other expenses |
11.1 |
10.2 |
13.5 |
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Total payroll costs |
3.3 |
3.2 |
5.0 |
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Fixed asset depreciation and amortisation |
0.7 |
0.7 |
0.7 |
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Other operating costs |
0.3 |
0.2 |
0.4 |
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Net operating income |
0.4 |
0.0 |
0.5 |
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Total financial income |
0.0 |
0.1 |
0.1 |
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Total expenses |
0.1 |
0.1 |
0.1 |
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Profit before tax |
0.3 |
0.0 |
0.5 |
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Extraordinary result |
0.3 |
0.2 |
0.0 |
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Profit after extraordinary items and before tax |
0.6 |
0.2 |
0.5 |
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Total taxation |
0.4 |
0.1 |
0.4 |
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Net profit |
0.2 |
0.1 |
0.0 |
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 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
3.3 |
3.4 |
4.8 |
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Provision for risks |
0.2 |
0.1 |
0.2 |
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Provision for pensions |
0.4 |
0.6 |
0.6 |
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Mortgages and loans |
1.6 |
1.5 |
0.5 |
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Other long-term liabilities |
0.3 |
0.4 |
0.5 |
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Trade creditors |
6.8 |
6.7 |
7.3 |
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Bank loans and overdrafts |
1.0 |
1.6 |
0.2 |
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Other current liabilities |
1.4 |
1.6 |
2.2 |
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Accruals and deferred income |
0.5 |
0.1 |
0.1 |
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Total current liabilities |
9.8 |
10.0 |
9.7 |
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Total liabilities (including net worth) |
15.5 |
16.0 |
16.3 |
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Intangibles |
0.7 |
1.2 |
1.4 |
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Buildings |
3.0 |
2.9 |
1.7 |
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Total tangible fixed assets |
3.9 |
4.0 |
2.8 |
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Long-term investments |
0.0 |
0.0 |
0.1 |
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Total financial assets |
0.0 |
0.0 |
0.1 |
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Receivables due after 1 year |
- |
0.2 |
0.3 |
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Total non-current assets |
4.6 |
5.4 |
4.6 |
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Finished goods |
1.0 |
0.9 |
0.4 |
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Net stocks and work in progress |
2.1 |
1.8 |
1.4 |
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Trade debtors |
6.0 |
6.5 |
5.6 |
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Other receivables |
0.7 |
0.3 |
1.0 |
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Cash and liquid assets |
1.6 |
1.1 |
2.3 |
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Marketable securities |
- |
- |
0.8 |
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Accruals |
0.6 |
0.8 |
0.6 |
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Total current assets |
11.0 |
10.6 |
11.7 |
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Total assets |
15.5 |
16.0 |
16.3 |
Annual Ratios
Financials in: USD
(mil)
|
|
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 |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Sales per employee |
0.55 |
0.37 |
0.50 |
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Profit per employee |
0.02 |
0.00 |
0.01 |
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Average wage per employee |
0.08 |
0.06 |
0.09 |
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Net worth |
3.3 |
3.4 |
4.8 |
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Number of employees |
59 |
78 |
78 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.93 |
|
|
1 |
Rs.80.62 |
|
Euro |
1 |
Rs.69.36 |
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 |
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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 |
|
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 |
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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 |
|
<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.