MIRA
INFORM REPORT
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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
BDF INDUSTRIES SPA |
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Registered Office : |
Viale Dell' Industria 40 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
25.01.2007 |
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Com. Reg. No.: |
03371360243 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Manufacture of other special purpose machinery not elsewhere classified |
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No. of Employees : |
158 |
RATING & COMMENTS
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MIRAs 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 March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 and address
Bdf Industries SpA
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Business
Description
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Bdf Industries SpA is primarily engaged in manufacture of machinery
for working soft rubber or plastics or for the manufacture of products of
these materials (extruders, moulders, pneumatic tyre making or retreading
machines and other machines for making a specific rubber or plastic product);
manufacture of printing and bookbinding machines; manufacture of machinery
for producing tiles, bricks, shaped ceramic pastes, pipes, graphite
electrodes, blackboard chalk, foundry moulds, etc.; manufacture of moulding
boxes for any material; mould bases; moulding patterns; moulds; manufacture
of dryers for wood, paper pulp, paper or paperboard; manufacture of
centrifugal clothes dryers; manufacture of diverse special machinery and
equipment (machines to assemble electric or electronic lamps, tubes (valves)
or bulbs; machines for production or hot-working of glass or glassware, glass
fibre or yarn; machinery or apparatus for isotopic separation; rope-making
machinery, etc.); and manufacture of industrial robots for multiple uses. |
Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2499 - Other Machinery and Equipment
Manufacturing Not Elsewhere Classified |
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NACE 2002: |
2956 - Manufacture of other special purpose
machinery not elsewhere classified |
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NAICS 2002: |
333298 - All Other Industrial Machinery
Manufacturing |
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UK SIC 2003: |
2956 - Manufacture of other special
purpose machinery not elsewhere classified |
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US SIC 1987: |
3559 - Special Industry Machinery, Not
Elsewhere Classified |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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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 |
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BDF HOLDING SPA |
Parent |
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Subsidiary |
Vicenza, Vicenza |
Italy |
Miscellaneous Capital Goods |
41.4 |
158 |
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Subsidiary |
Piacenza, Piacenza |
Italy |
Miscellaneous Capital Goods |
8.4 |
15 |
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Subsidiary |
Genova, Genova |
Italy |
Construction Services |
3.0 |
12 |
Executives Report
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Annual Profit & Loss
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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 |
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Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
45.1 |
52.7 |
85.7 |
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Net sales |
41.4 |
58.0 |
77.2 |
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Other operating income |
0.1 |
0.0 |
0.0 |
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Raw materials and consumables employed |
20.0 |
25.2 |
48.8 |
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Other expenses |
14.1 |
15.9 |
24.0 |
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Total payroll costs |
8.9 |
9.9 |
11.6 |
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Fixed asset depreciation and amortisation |
0.5 |
0.5 |
0.6 |
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Other operating costs |
0.2 |
0.1 |
0.1 |
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Net operating income |
1.5 |
1.1 |
0.6 |
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Total financial income |
- |
0.0 |
0.2 |
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Total expenses |
0.3 |
0.5 |
0.5 |
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Profit before tax |
1.2 |
0.6 |
0.4 |
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Extraordinary result |
-0.9 |
-0.2 |
-0.3 |
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Profit after extraordinary items and before tax |
0.3 |
0.4 |
0.1 |
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Total taxation |
0.5 |
0.5 |
0.4 |
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Net loss |
0.3 |
0.1 |
0.3 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
6.2 |
5.5 |
5.5 |
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Provision for risks |
1.9 |
1.6 |
1.2 |
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Provision for pensions |
2.1 |
2.3 |
2.4 |
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Trade creditors |
15.5 |
14.3 |
20.3 |
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Bank loans and overdrafts |
8.8 |
7.8 |
8.0 |
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Other current liabilities |
6.9 |
8.4 |
18.3 |
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Total current liabilities |
31.2 |
30.4 |
46.6 |
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Total liabilities (including net worth) |
41.4 |
39.8 |
55.7 |
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Intangibles |
2.6 |
0.8 |
0.7 |
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Buildings |
0.0 |
0.0 |
- |
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Total tangible fixed assets |
0.3 |
0.4 |
0.4 |
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Long-term investments |
1.3 |
- |
- |
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Total financial assets |
1.4 |
0.1 |
- |
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Receivables due after 1 year |
2.1 |
2.4 |
2.4 |
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Total non-current assets |
6.3 |
3.6 |
3.5 |
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Finished goods |
12.3 |
11.0 |
15.9 |
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Net stocks and work in progress |
17.0 |
15.1 |
21.6 |
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Trade debtors |
12.5 |
12.0 |
18.5 |
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Other receivables |
4.8 |
6.0 |
10.1 |
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Cash and liquid assets |
0.4 |
3.0 |
1.8 |
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Accruals |
0.4 |
0.1 |
0.1 |
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Total current assets |
35.1 |
36.2 |
52.1 |
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Total assets |
41.4 |
39.8 |
55.7 |
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Annual Ratios |
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Financials in:
USD (mil) |
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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 |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.10 |
1.20 |
1.10 |
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Quick ratio |
0.60 |
0.70 |
0.70 |
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Current liabilities to net worth |
0.05% |
0.06% |
0.09% |
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Sales per employee |
0.22 |
0.29 |
0.31 |
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Profit per employee |
0.00 |
0.00 |
0.00 |
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Average wage per employee |
0.05 |
0.05 |
0.05 |
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Net worth |
6.2 |
5.5 |
5.5 |
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Number of employees |
141 |
142 |
150 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.89 |
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1 |
Rs.83.18 |
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Euro |
1 |
Rs.68.06 |
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 |
-- |
This score serves as a reference to assess SCs 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.