MIRA INFORM REPORT
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Report Date : |
21.09.2011 |
IDENTIFICATION DETAILS
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Name : |
MAIT SPA |
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Registered Office : |
Via Flaminia Ii 149/153, Osimo, 60027 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
05.12.1983 |
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Com. Reg. No.: |
00882060429 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
manufacture of machinery for mining |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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
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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 |
Company name & address
Mait SpA
Via Flaminia Ii 149/153
Osimo, 60027
Italy
Tel: +39 0717 822186
Fax: +39 0717 80535
Synthesis
Employees: 184
Company Type: Public Independent
Incorporation Date:
05-Dec-1983
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2009
Reporting Currency: Euro
Annual Sales: 68.8
Total Assets: 107.9
Business Description
Mait SpA is
primarily engaged in manufacture of machinery for mining; manufacture of
earth-moving equipment; and manufacture of equipment for concrete crushing and
screening and roadworks.
Industry
Industry Construction and Agriculture
Machinery
ANZSIC 2006: 2462 - Mining and
Construction Machinery Manufacturing
NACE 2002: 2952 - Manufacture
of machinery for mining, quarrying and construction
NAICS 2002: 3331 -
Agriculture, Construction, and Mining Machinery Manufacturing
UK SIC 2003: 2952 - Manufacture
of machinery for mining, quarrying and construction
US SIC 1987: 3531 -
Construction Machinery and Equipment
Key Executives
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Name |
Title |
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Enrica Camilletti |
President |
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Alberto Barbera |
Commercial manager |
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Sandro Siniscalchi |
Manager |
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Maria Grazia Tonti |
Managing director |
News
|
Title |
Date |
|
Anti-corruption
continues in Shillong |
24-Aug-2011 |
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Meghalaya's
solidarity with Team Anna |
19-Aug-2011 |
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Meghalaya's
married job seekers need to give wedlock proof |
8-Aug-2011 |
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Al helped
me make my Mark |
8-Jan-2011 |
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Three-day
MAIT workshop calls for enhanced e-waste management |
23-Feb-2011 |
Registered No.(ITA): 00882060429
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
Location
Via Flaminia Ii 149/153
Osimo, 60027
Italy
Tel: +39 0717 822186
Fax: +39 0717 80535
Sales EUR(mil): 49.5
Assets EUR(mil): 75.2
Employees: 184
Fiscal Year End: 31-Dec-2009
Industry: Construction and Agriculture
Machinery
Incorporation Date: 05-Dec-1983
Company Type: Public Independent
Quoted Status: Not Quoted
Registered No.(ITA): 00882060429
Managing director: Maria
Grazia Tonti
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
2462 - Mining and Construction Machinery Manufacturing
NACE 2002 Codes:
2956 - Manufacture of other special purpose machinery not
elsewhere classified
2952 - Manufacture of machinery for mining, quarrying and
construction
NAICS 2002 Codes:
333298 - All Other Industrial Machinery Manufacturing
3331 - Agriculture, Construction, and Mining Machinery
Manufacturing
US SIC 1987:
3569 - General Industrial Machinery and Equipment, Not Elsewhere
Classified
3531 - Construction Machinery and Equipment
UK SIC 2003:
2956 - Manufacture of other special purpose machinery not
elsewhere classified
2952 - Manufacture of machinery for mining, quarrying and
construction
Business
Description
Mait SpA is
primarily engaged in manufacture of machinery for mining; manufacture of
earth-moving equipment;and manufacture of equipment for concrete crushing and
screening and roadworks.
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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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Commercial manager |
Commercial Executive |
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Manager |
Other |
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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 |
69.8 |
156.7 |
110.2 |
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Net sales |
68.8 |
155.1 |
110.1 |
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Other operating income |
1.0 |
0.4 |
0.4 |
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Raw materials and consumables employed |
26.2 |
84.3 |
67.1 |
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Other expenses |
10.1 |
18.5 |
13.9 |
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Total payroll costs |
10.3 |
12.7 |
10.5 |
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Fixed asset depreciation and amortisation |
2.2 |
2.1 |
2.0 |
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Other operating costs |
0.2 |
0.3 |
0.2 |
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Net operating
income |
20.8 |
38.9 |
16.5 |
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Total financial
income |
0.1 |
0.6 |
- |
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Total expenses |
0.7 |
1.8 |
1.5 |
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Profit before tax |
20.2 |
37.7 |
15.0 |
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Extraordinary result |
0.2 |
0.3 |
0.3 |
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Profit after extraordinary items and
before tax |
20.4 |
38.0 |
15.3 |
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Total taxation |
6.8 |
12.9 |
6.4 |
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Net profit |
13.5 |
25.1 |
9.0 |
Annual Balance Sheet
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 |
80.2 |
64.9 |
33.8 |
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Provision for risks |
0.2 |
0.2 |
0.1 |
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Provision for pensions |
0.7 |
0.8 |
0.9 |
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Mortgages and loans |
5.1 |
6.8 |
9.1 |
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Other long-term liabilities |
2.5 |
2.4 |
3.2 |
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Trade creditors |
8.2 |
22.4 |
24.5 |
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Advances received |
0.0 |
- |
0.7 |
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Bank loans and overdrafts |
3.1 |
2.6 |
5.9 |
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Other current liabilities |
7.6 |
11.7 |
5.5 |
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Accruals and deferred income |
0.1 |
0.2 |
0.1 |
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Total current
liabilities |
19.0 |
37.0 |
36.7 |
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Total
liabilities (including net worth) |
107.9 |
111.9 |
83.9 |
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Intangibles |
0.4 |
0.4 |
0.5 |
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Buildings |
27.5 |
29.7 |
20.0 |
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Total tangible
fixed assets |
35.5 |
37.1 |
26.5 |
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Long-term investments |
3.3 |
1.0 |
0.0 |
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Total financial
assets |
3.3 |
1.0 |
0.0 |
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Receivables due after 1 year |
1.2 |
1.1 |
1.4 |
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Total
non-current assets |
40.5 |
39.6 |
28.5 |
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Work in progress |
0.6 |
0.5 |
0.1 |
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Finished goods |
11.6 |
11.3 |
10.6 |
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Net stocks and work in progress |
13.9 |
18.6 |
18.3 |
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Trade debtors |
41.6 |
39.2 |
27.0 |
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Other receivables |
2.6 |
3.9 |
4.0 |
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Cash and liquid assets |
6.1 |
9.3 |
5.2 |
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Accruals |
3.3 |
1.3 |
0.9 |
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Total current
assets |
67.4 |
72.3 |
55.4 |
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Total assets |
107.9 |
111.9 |
83.9 |
Annual Ratios
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 |
0.56 |
1.28 |
0.97 |
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Profit per employee |
0.17 |
0.31 |
0.14 |
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Average wage per employee |
0.08 |
0.11 |
0.09 |
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Net worth |
80.2 |
64.9 |
33.8 |
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Number of employees |
171 |
160 |
160 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.89 |
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UK Pound |
1 |
Rs.75.31 |
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Euro |
1 |
Rs.65.64 |
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.