MIRA INFORM REPORT
|
Report Date : |
12.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
TEDDY SPA |
|
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|
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Registered Office : |
Via Coriano 58, Grosrimini BL 97, Rimini, 47900 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
07.09.1981 |
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Com. Reg. No.: |
00953910403 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
retail sale of adults fur and leather clothing |
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 |
|
Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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
|
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 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Teddy SpA
Via Coriano 58
Grosrimini BL 97
Rimini, 47900
Italy
Tel: 39 (0541) 301411
Fax: +39 0541 383430
Web: www.teddy.it
Synthesis
Employees: 475
Company Type: Public Subsidiary
Corporate Family: 4
Companies
Ultimate Parent: T & M HOLDING SPA
Incorporation Date:
07-Sep-1981
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 451.4
Total Assets:
336.6
Business Description
Teddy SpA is
primarily engaged in retail sale of adults’ fur and leather clothing; retail
sale of children’s and infants’ clothing; retail sale of other women’s
clothing; and retail sale of footwear and leather goods.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 1351 - Clothing
Manufacturing
NACE 2002: 1823 - Manufacture
of underwear
NAICS 2002: 315232 - Women's
and Girls' Cut and Sew Blouse and Shirt Manufacturing
UK SIC 2003: 18232 -
Manufacture of women's underwear
US SIC 1987: 2331 - Women's,
Misses', and Juniors' Blouses and Shirts
Key Executives
|
Name |
Title |
|
Vittorio Taddei |
Sole Administrator |
News
|
Title |
Date |
|
Bear necessities: Clinic in Dover to fix beloved
'stuffies' puts smiles on many small faces |
11-Aug-2011 |
|
And the winners are . . . |
11-Aug-2011 |
|
A host of park fun |
11-Aug-2011 |
|
Go down to nature reserve for picnic |
11-Aug-2011 |
|
Saints prospect aids U.S. victory |
11-Aug-2011 |
Registered No.(ITA): 00953910403
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
Via Coriano 58
Grosrimini BL 97
Rimini, 47900
Italy
Tel: 39 (0541) 301411
Fax: +39 0541 383430
Web : www.teddy.it
Sales EUR(mil): 340.8
Assets EUR(mil): 250.9
Employees: 475
Fiscal Year End: 31-Dec-2010
Industry: Apparel
and Accessories
Incorporation Date: 07-Sep-1981
Company Type: Public
Subsidiary
Quoted Status: Not
Quoted
Registered No.(ITA): 00953910403
Sole Administrator: Vittorio
Taddei
Contents
· Industry Codes
· Business Description
· Brand/Trade Names
· Financial Data
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1351 - Clothing Manufacturing
NACE 2002 Codes:
1822 - Manufacture of other outerwear
1824 - Manufacture of other wearing apparel and accessories not elsewhere
classified
1823 - Manufacture of underwear
NAICS 2002 Codes:
315222 - Men's and Boys' Cut and Sew Suit, Coat, and Overcoat
Manufacturing
315228 - Men's and Boys' Cut and Sew Other Outerwear Manufacturing
315224 - Men's and Boys' Cut and Sew Trouser, Slack and Jean
Manufacturing
315232 - Women's and Girls' Cut and Sew Blouse and Shirt
Manufacturing
315223 - Men's and Boys' Cut and Sew Shirt (except Work Shirt)
Manufacturing
US SIC 1987:
2321 - Men's and Boys' Shirts, Except Work Shirts
2331 - Women's, Misses', and Juniors' Blouses and Shirts
2311 - Men's and Boys' Suits, Coats, and Overcoats
2325 - Men's and Boys' Separate Trousers and Slacks
2329 - Men's and Boys' Clothing, Not Elsewhere Classified
UK SIC 2003:
18232 - Manufacture of women's underwear
18231 - Manufacture of men's underwear
1824 - Manufacture of other wearing apparel and accessories not
elsewhere classified
18221 - Manufacture of other men's outerwear
Business
Description
Manufacture of ready-to-wear clothes, shoes and accessories
More Business
Descriptions
Teddy SpA is primarily engaged in retail sale of adults’ fur and
leather clothing; retail sale of children’s and infants’ clothing; retail
sale of other women’s clothing; and retail sale of footwear and leather
goods.
Brand/Trade Names
· Terranova
· Rinascimento
· Calliope
· Hacienda Pvblica
· Urban Babe
· Calliope Kids
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Key Corporate
Relationships
Bank: Cassa di Risparmio di Rimini
Ag, Banca Popolare dell'Emilia Romagna Ag, Banca dell'Adriatico Ag
|
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 |
|
T & M HOLDING SPA |
Parent |
|
|
|
|
|
|
Subsidiary |
Rimini |
Italy |
Apparel and Accessories |
451.4 |
475 |
|
|
Subsidiary |
Rimini, Rimini |
Italy |
Apparel and Accessories |
27.0 |
30 |
|
|
Subsidiary |
Carpi, Modena |
Italy |
Apparel and Accessories |
|
9 |
Press Clippings
Sentinel,
The (Stoke-on-Trent, UK): 11 August 2011
[What follows is the full text of the news story.]
Film Finance Forum East to Host
Investment and Film Executives in New York
Market Wire: 10
August 2011
[What follows is the full text of the news story.]
NEW YORK, NY -- (MARKET WIRE) -- 08/10/11 --
Winston Baker, a global producer of film finance conferences, will be offering
the annual Film Finance Forum East in association with Variety, the industry's
leading entertainment content provider. The event will be hosted at the Park
Central Hotel in New York City on September 14-15, 2011. In its 3rd year, the
forum will bring together key entertainment and investment executives to
address where film finance is heading, how to manage today's risks, and strategies
for generating returns in the current environment.
The notable speaking faculty will include:
- Teddy Schwarzman, Principal, Black Bear
Pictures
- David Acosta, Senior Vice President,
City National Bank
- Clark Hallren, Managing Partner, Clear
Scope Partners
- Joseph Chianese, Senior Vice President,
Entertainment Partners
- Rafe Fogel, Partner, Falcon Investments
- Milan Popelka, Chief Operating Officer,
FilmNation
- Dan Rayburn, Principal Analyst, Frost
& Sullivan
- Ian Stratford, Partner, Gray Krauss Des
Rochers LLP
- John Hadity, President and CEO, Hadity
& Associates
- Harris Tulchin, Owner, Harris Tulchin
& Associates
- Stuart Ford, Chief Executive Officer,
IM Global
- Dominic Ianno, Chief Executive Officer,
Indomitable Entertainment
- Isaac Palmer, Managing Director, MESA
- Joe Woolf, Head of Media and
Entertainment Finance, OneWest Bank
- Rebecca Roffey, Director, Protocol
International
- Marshall Sonenshine, Chairman and
Managing Partner, Sonenshine Partners
- Jeff Begun, Production Executive, The
Incentives Office
- Michael Hansen, Managing Director,
Three Point Capital
- Peter Bart, Vice President &
Editorial Director, Variety
- Stephen Kovach CFA, Co-Founding
Partner, Vine Alternative Investments
- Among other seasoned experts
"The challenges of investing and operating in
today's entertainment economy continue to evolve and affect deal-making.
Winston Baker'sFilm Finance Forum is an excellent opportunity to have access to
the views and strategies of leading industry players whose activities have a
direct impact on the industry dynamics," said Stephen Kovach CFA,
Co-Founding Partner of Vine Alternative Investments and a speaker of the New
York forum.
Supporting sponsors of the forum include
Entertainment Partners, Gray Krauss Des Rochers LLP, and Sonenshine Partners.
For more information, visit: www.FilmFinanceForum.com.
About The Film
Finance Forum Series
The Film Finance Forum Series presented by Winston Baker in association with Variety has been offered in Los Angeles, New York, Cannes, Singapore, Moscow, and Zurich and has hosted the most notable names in the business from around the world. The main goals of these forums are to educate equity and debt financiers on film business opportunities while mitigating risks, provide producers with effective approaches to fundraising, and offer both audiences ways to create viable content and distribution options to generate revenue through various panel discussions, case studies, and keynote presentations.
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CONTACT:Lani TailorWinston|Baker757.880.6348ltailor@winstonbaker.com
Taxpayers face
[pounds sterling]20,000 bill for a Gaelic-speaking teddy
The Daily Mail (London, England)
06 July 2011
By Scott Mullen
[What follows is the full text of
the article.]
IT speaks only 33 words in Gaelic
but a new educational teddy bear is to cost the taxpayer a staggering [pounds
sterling]20,000.
The foot-tall soft toy has been
produced to help teach toddlers and children the Gaelic words for colours,
numbers and shapes.
The project is being funded by
quango Bord na Gaidhlig, which has awarded a [pounds sterling]20,000 grant to
children's publisher Acair Ltd, based at Stornoway on the isle of Lewis, to
develop the toy.
But critics have questioned the use
of public money for the teddy - especially when only 1.9 per cent of the
population speaks Gaelic.
Emma Boon, the campaign director of
the TaxPayers' Alliance, said: 'If manufacturers think a Gaelic-speaking teddy
bear is a good idea then they should put their own money where their mouth is,
not tap up taxpayers for the investment.
Shoddy business proposals shouldn't
be propped up with government grants.
'Businesses can do well in tough
times with hard work and a good product.
'Taxpayers shouldn't have to see
their money frittered away like this.' Acair chief executive Agnes Rennie said:
'We are looking forward to getting the Gaelicspeaking teddy out into the shops
in time for Christmas.
'The words are all common words for
numbers, colours and shapes and will be as useful to parents as they will be
fun for children.' Mary MacMillan, head of education and learning at Bord na
Gaidhlig, said: 'We are delighted to assist Acair in creating this new
interactive toy.'
The Daily Mail (London, England)
06 June 2011
By Laura Lynott
[What follows is the full text of the article.]
THE Irish-speaking teddy bear BB is
set to do for our language what Dora the Explorer did for Spanish.
The world's first Gaeilgeoir teddy
bear, which has sold tens of thousands since being unveiled in the Irish Daily
Mail last year, is to get its own TV show, and now Disney is showing an
interest. It could make stars of some of the country's fluent Irish-speaking
children.
Bear Town could hit the small screen
on TG4 as soon as October and if the pilot is successful, it will become the
first Irish-speaking cartoon to help children learn our mother tongue.
The creator of the cartoon is Adrian
Devane from Moycullen, Co. Galway, whose talking bear BB uses the voice of his
four-year-old daughter, Robyn.
He described the move to TV as 'the
next step', after more than 25,000 bears were sold in Ireland, Australia,
Canada, China, the U.S. and all across Europe. The show will follow the tales
of BB and friends as they tackle problems and childhood issues in Irish. Mr
Devane, 36, believes the series could even rival popular children's show Peppa
Pig. 'It's very exciting. We have the pilot for the first episode and if that's
successful we will get our first series,' he said.
Mr Devane, who is in Los Angeles
with TV executives from Disney, is hoping the show could be picked up by U.S.
film and TV giants.
He also plans to bring out an
English-speaking bear, and Welsh and Scots Gaelic versions before Christmas.
The job of voicing BB and other characters is open. They are looking for fluent
Irish speakers with broader vocabulary than Robyn.
Related
Geographies
Oragenics Inks
Agreement for Distribution of Teddy's Pride Oral Care Probiotics in Poland
Through ZooGlobe
Wireless News
28 January 2011
[What follows is the full text of the article.]
Florida-based biopharmaceutical
company Oragenics, Inc. has announced that its oral care probiotic for cats and
dogs, Teddy's Pride, will now be distributed in Poland through ZooGlobe.
The Company noted ZooGlobe is
Poland's exclusive importer and distributor of many brands in the pet-care
industry. ZooGlobe's operations are based in Warsaw. They offer distribution
through regional representatives and wholesale companies and pet shops.
Oragenics is a biopharmaceutical
company focused primarily on oral health products and novel antibiotics. Within
oral health, Oragenics is commercializing its oral probiotic product,
ProBiora3, and developing its pharmaceutical product candidate, SMaRT
Replacement Therapy.
More information : oragenics.com
((Comments on this story may be sent
to newsdesk@closeupmedia.com))
Related
Geographies
Related Industries
Oragenics Completes Agreement for
Distribution of Teddy's Pride Oral Care Probiotics in Poland Through ZooGlobe
Professional
Services Close-Up
27 January 2011
[What follows is the full text of
the article.]
Biopharmaceutical company Oragenics,
Inc. has announced that its oral care probiotic for cats and dogs, Teddy's
Pride will now be distributed in Poland through ZooGlobe.
Oragenics reported that ZooGlobe is
Poland's exclusive importer and distributor of competitive brands in the
pet-care industry. ZooGlobe's operations are based in Warsaw. They offer
distribution through regional representatives and wholesale companies and pet
shops.
More Information: www.oragenics.com / www.teddyspride.com
Related Geographies
Related Industries
Annual Profit
& Loss
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
483.3 |
434.1 |
450.0 |
|
Net sales |
451.4 |
419.6 |
426.3 |
|
Other operating income |
16.8 |
15.5 |
16.3 |
|
Raw materials and consumables employed |
261.9 |
228.9 |
283.9 |
|
Other expenses |
97.9 |
89.6 |
89.0 |
|
Total payroll costs |
42.1 |
34.1 |
30.6 |
|
Fixed asset depreciation and amortisation |
23.1 |
25.0 |
14.5 |
|
Other operating costs |
9.0 |
8.7 |
8.6 |
|
Net operating income |
49.3 |
47.8 |
23.4 |
|
Total financial income |
7.3 |
5.5 |
7.8 |
|
Total expenses |
1.5 |
3.0 |
6.6 |
|
Profit before tax |
55.1 |
50.2 |
24.6 |
|
Profit after extraordinary items and before tax |
54.2 |
45.8 |
24.3 |
|
Total taxation |
21.2 |
20.8 |
8.1 |
|
Net profit |
33.0 |
25.0 |
16.2 |
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 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total stockholders equity |
165.9 |
148.2 |
121.5 |
|
Provision for risks |
0.7 |
1.6 |
5.5 |
|
Provision for pensions |
3.1 |
3.4 |
3.4 |
|
Mortgages and loans |
2.7 |
38.0 |
38.0 |
|
Other long-term liabilities |
1.0 |
2.2 |
0.0 |
|
Trade creditors |
108.5 |
99.2 |
161.7 |
|
Bank loans and overdrafts |
4.8 |
4.3 |
1.9 |
|
Other current liabilities |
49.7 |
50.1 |
29.1 |
|
Accruals and deferred income |
0.2 |
0.2 |
0.9 |
|
Total current liabilities |
163.3 |
153.9 |
193.7 |
|
Total liabilities (including net worth) |
336.6 |
347.3 |
361.9 |
|
Intangibles |
7.3 |
9.0 |
11.6 |
|
Buildings |
0.0 |
0.0 |
0.0 |
|
Total tangible fixed assets |
24.7 |
27.5 |
29.4 |
|
Long-term investments |
29.7 |
30.7 |
28.9 |
|
Total financial assets |
31.7 |
33.2 |
33.4 |
|
Receivables due after 1 year |
0.2 |
0.2 |
1.4 |
|
Loans to associated companies |
0.3 |
0.3 |
0.6 |
|
Total non-current assets |
63.9 |
69.8 |
75.8 |
|
Finished goods |
38.8 |
25.0 |
25.4 |
|
Net stocks and work in progress |
40.4 |
26.4 |
26.8 |
|
Trade debtors |
185.0 |
225.1 |
239.9 |
|
Other receivables |
33.7 |
11.2 |
11.0 |
|
Cash and liquid assets |
10.8 |
13.0 |
5.2 |
|
Marketable securities |
1.9 |
0.9 |
1.9 |
|
Accruals |
1.0 |
0.8 |
1.4 |
|
Total current assets |
272.8 |
277.4 |
286.1 |
|
Total assets |
336.6 |
347.3 |
361.9 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Sales per employee |
1.39 |
1.95 |
1.88 |
|
Profit per employee |
0.17 |
0.21 |
0.11 |
|
Average wage per employee |
0.13 |
0.16 |
0.14 |
|
Net worth |
165.9 |
148.2 |
121.5 |
|
Number of employees |
475 |
300 |
300 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.03 |
|
UK Pound |
1 |
Rs.76.60 |
|
Euro |
1 |
Rs.66.80 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.