MIRA INFORM REPORT

 

 

Report Date :           

10.10.2011

 

IDENTIFICATION DETAILS

 

Name :

EXENA SRL

 

 

Registered Office :

Via Vincenzo Breda 7/A, Civitanova Marche, 62012

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

03.08.1998       

 

 

Com. Reg. No.:

01336080435

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

manufacturer of footwear

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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 

 

Exena SRL

Via Vincenzo Breda 7/A

Civitanova Marche, 62012

Italy

Tel:       +39 0733 897256

Fax:      +39 0733 803014

 

 

Synthesis     

 

Employees:                   9

Company Type  :           Private Independent

Incorporation Date:         03-Aug-1998    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2008

Reporting Currency:       Euro

Annual Sales:               0.0

Total Assets:                 10.4

 

 

Business Description     

 

Exena SRL is primarily engaged in manufacture of footwear for all purposes, of any material, by any process including moulding; manufacture of gaiters, leggings and similar articles; and manufacture of parts of footwear: manufacture of uppers and parts of uppers, outer and inner soles, heels, etc.

 

Industry

Industry            Footwear

ANZSIC 2006:    1352 - Footwear Manufacturing

NACE 2002:      1930 - Manufacture of footwear

NAICS 2002:     31621 - Footwear Manufacturing

UK SIC 2003:    1930 - Manufacture of footwear

US SIC 1987:    3149 - Footwear, Except Rubber, Not Elsewhere Classified

 

           

Key Executives   

 

Name                           Title    

Alfio Cicchine'                President         

Giuseppe Affatato          Member of the board     

Luigi Gargiullo                Member of the board     


Registered No.(ITA): 01336080435

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.6836792

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7193986

 

 

Corporate Overview

 

Location

Via Vincenzo Breda 7/A

Civitanova Marche, 62012

Italy

Tel:       +39 0733 897256

Fax:      +39 0733 803014

           

Sales EUR(mil):             0.0

Assets EUR(mil):           7.5

Employees:                   9

Fiscal Year End:            31-Dec-2008

Industry:                        Footwear

Incorporation Date:         03-Aug-1998

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(ITA):       01336080435

Member of the board:     Giuseppe Affatato

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

1352     -          Footwear Manufacturing

3411     -          Agricultural and Construction Machinery Wholesaling

 

NACE 2002 Codes:

1930     -          Manufacture of footwear

5182     -          Wholesale of mining, construction and civil engineering machinery

 

NAICS 2002 Codes:

423810  -          Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers

31621   -          Footwear Manufacturing

 

US SIC 1987:

3149     -          Footwear, Except Rubber, Not Elsewhere Classified

5082     -          Construction and Mining (Except Petroleum) Machinery and Equipment

 

UK SIC 2003:

5182     -          Wholesale of mining, construction and civil engineering machinery

1930     -          Manufacture of footwear

 

Business Description

Exena SRL is primarily engaged in manufacture of footwear for all purposes, of any material, by any process including moulding; manufacture of gaiters, leggings and similar articles; and manufacture of parts of footwear: manufacture of uppers and parts of uppers, outer and inner soles, heels, etc.

 

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

0.0

Assets:

7.5

Current Assets:

6.4

 

Total Liabilities:

7.5

 

Net Worth:

1.1

 

 

 

Date of Financial Data:

31-Dec-2008

 

1 Year Growth

-8.7%

NA

 

Key Corporate Relationships

Bank:

Banca di Credito Cooperativo di Civitanova Marche e Montecosaro Ag

 

 

 

 

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Giuseppe Affatato

 

Member of the board

Director/Board Member

 

Luigi Gargiullo

 

Member of the board

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Alfio Cicchine'

 

President

President

 

 

 

Annual Profit & loss

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.719047

0.683679

0.730637

Consolidated

No

No

No

 

 

 

 

Total income

11.6

18.4

15.7

Net sales

11.9

-

16.0

Other operating income

0.1

18.4

0.1

Raw materials and consumables employed

6.0

9.2

7.9

Other expenses

4.9

7.7

6.6

Total payroll costs

0.4

0.5

0.5

Fixed asset depreciation and amortisation

0.2

0.3

0.2

Other operating costs

0.1

0.0

0.0

Net operating income

0.0

0.5

0.5

Total expenses

0.1

0.3

0.2

Profit before tax

-

0.3

0.3

Extraordinary result

0.0

0.0

-

Profit after extraordinary items and before tax

-

0.3

0.3

Total taxation

0.0

0.1

0.2

Net profit

-

0.1

0.2

Net loss

0.1

-

-

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

Consolidated

No

No

No

 

 

 

 

Total stockholders equity

1.5

1.5

1.5

Provision for pensions

0.1

0.1

0.1

Mortgages and loans

0.9

0.6

0.7

Trade creditors

4.3

4.7

4.2

Bank loans and overdrafts

3.2

3.3

3.4

Other current liabilities

0.1

0.1

0.1

Accruals and deferred income

0.0

0.0

0.0

Total current liabilities

7.6

8.1

7.7

Total liabilities (including net worth)

10.1

10.4

9.9

Intangibles

0.1

0.1

0.1

Buildings

1.1

1.1

1.2

Total tangible fixed assets

1.3

1.3

1.5

Total financial assets

0.0

0.0

0.0

Receivables due after 1 year

0.0

-

-

Total non-current assets

1.4

1.4

1.6

Finished goods

1.0

1.3

1.0

Net stocks and work in progress

2.2

2.4

2.8

Trade debtors

6.3

6.3

5.3

Other receivables

0.1

0.1

0.0

Cash and liquid assets

0.1

0.1

0.2

Accruals

0.0

0.0

0.0

Total current assets

8.7

9.0

8.4

Total assets

10.1

10.4

9.9

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

Consolidated

No

No

No

 

 

 

 

Sales per employee

1.65

-

2.26

Profit per employee

-

0.03

0.05

Average wage per employee

0.06

0.06

0.06

Net worth

1.5

1.5

1.5

Number of employees

10

10

10

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.14

UK Pound

1

Rs.75.97

Euro

1

Rs.65.99

 

 

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.