MIRA INFORM REPORT

 

 

Report Date :

27.09.2011

 

IDENTIFICATION DETAILS

 

Name :

TEGOMONT S.U.RL

 

 

Registered Office :

Via Novara 14 Arsago Seprio, 21010

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

25.09.1985

 

 

Com. Reg. No.:

01558740120

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Manufacture of metal structures and parts of structures

 

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 and address

 

Top of Form

Bottom of Form

Tegomont S.U.Rl

                                                                                                                                                  

 

Via Novara 14

 

 

Arsago Seprio, 21010

Italy

 

Tel:

+39 0331 769316

Fax:

+39 0331 767121

 

Suggest Company URL

 

Employees:

12

Company Type:

Private Independent

 

 

Incorporation Date:

25-Sep-1985

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Dec-2009

Reporting Currency:

Euro

Annual Sales:

3.9

Total Assets:

4.1

                                      

Business Description       

 

Tegomont S.U.Rl is primarily engaged in manufacture of ossature in metal for construction; manufacture of industrial ossature in metal (ossature for blast furnaces, lifting and handling equipment, etc.); and manufacture of prefabricated buildings mainly of metal (site huts, modular exhibition elements, etc.).

         

Industry                                                                                                                                       

 

Industry

Construction - Supplies and Fixtures

ANZSIC 2006:

2229 - Other Structural Metal Product Manufacturing

NACE 2002:

2811 - Manufacture of metal structures and parts of structures

NAICS 2002:

33231 - Plate Work and Fabricated Structural Product Manufacturing

UK SIC 2003:

2811 - Manufacture of metal structures and parts of structures

US SIC 1987:

3443 - Fabricated Plate Work (Boiler Shops)

                      

Key Executives           

   

 

Name

Title

Massimo Montagnoli

President

Lucia Wilma Barbiero

Member of the board

Ilaria Montagnoli

Member of the board

Valentina Montagnoli

Member of the board

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 Novara 14
Arsago Seprio, 21010
Italy

 

Tel:

+39 0331 769316

Fax:

+39 0331 767121

 

Suggest Company URL

Sales EUR(mil):

2.8

Assets EUR(mil):

2.9

Employees:

12

Fiscal Year End:

31-Dec-2009

 

Industry:

Construction - Supplies and Fixtures

Incorporation Date:

25-Sep-1985

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(ITA):

01558740120

 

Member of the board:

Lucia Wilma Barbiero

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

2229

-

Other Structural Metal Product Manufacturing

3242

-

Carpentry Services

 

NACE 2002 Codes:

4522

-

Erection of roof covering and frames

2811

-

Manufacture of metal structures and parts of structures

 

NAICS 2002 Codes:

2381

-

Foundation, Structure, and Building Exterior Contractors

33231

-

Plate Work and Fabricated Structural Product Manufacturing

 

US SIC 1987:

1751

-

Carpentry Work

3443

-

Fabricated Plate Work (Boiler Shops)

 

UK SIC 2003:

2811

-

Manufacture of metal structures and parts of structures

4522

-

Erection of roof covering and frames

 

 

Business Description

Tegomont S.U.Rl is primarily engaged in manufacture of ossature in metal for construction; manufacture of industrial ossature in metal (ossature for blast furnaces, lifting and handling equipment, etc.); and manufacture of prefabricated buildings mainly of metal (site huts, modular exhibition elements, etc.).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

2.8

Assets:

2.9

Current Assets:

2.7

 

Total Liabilities:

2.9

 

Net Worth:

1.2

 

 

 

Date of Financial Data:

31-Dec-2009

 

1 Year Growth

-13.5%

NA

 

 

Key Corporate Relationships

Bank:

Ubi Banca Popolare di Bergamo Ag

 

 

 

 

 

 

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Lucia Wilma Barbiero

 

Member of the board

Director/Board Member

Ilaria Montagnoli

 

Member of the board

Director/Board Member

Valentina Montagnoli

 

Member of the board

Director/Board Member

 

Executives

 

Name

Title

Function

Massimo Montagnoli

 

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

4.0

3.8

3.8

Net sales

3.9

3.7

3.7

Other operating income

0.1

0.1

0.1

Raw materials and consumables employed

2.2

1.9

2.0

Other expenses

1.0

1.0

1.1

Total payroll costs

0.6

0.6

0.6

Fixed asset depreciation and amortisation

0.1

0.1

0.1

Other operating costs

0.0

0.0

0.0

Net operating income

0.1

0.1

-

Total financial income

0.0

-

0.0

Total expenses

0.0

0.1

0.0

Profit before tax

0.0

0.0

-

Extraordinary result

0.0

0.0

-

Profit after extraordinary items and before tax

0.1

0.0

-

Total taxation

0.0

0.0

0.0

Net profit

0.0

0.0

-

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

1.8

1.7

1.8

Provision for pensions

0.2

0.1

0.1

Other long-term liabilities

0.5

0.4

0.5

Trade creditors

1.1

-

-

Bank loans and overdrafts

0.4

-

-

Other current liabilities

0.2

1.6

2.0

Total current liabilities

1.7

1.6

2.0

Total liabilities (including net worth)

4.1

3.8

4.4

Intangibles

0.0

0.0

0.0

Total tangible fixed assets

0.2

0.2

0.3

Total financial assets

0.0

0.0

0.0

Receivables due after 1 year

-

-

0.0

Total non-current assets

0.3

0.3

0.3

Net stocks and work in progress

1.7

1.8

2.2

Trade debtors

2.0

-

-

Other receivables

0.1

1.7

1.7

Cash and liquid assets

0.0

0.0

0.0

Accruals

0.0

0.1

0.1

Total current assets

3.8

3.5

4.0

Total assets

4.1

3.8

4.4

 

 

 

 

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

0.45

0.41

0.37

Profit per employee

0.01

0.00

-

Average wage per employee

0.07

0.07

0.06

Net worth

1.8

1.7

1.8

Number of employees

12

12

14

 

 

 

Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.62

UK Pound

1

Rs.76.68

Euro

1

Rs.66.47

 

 

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.