MIRA INFORM REPORT
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Report Date : |
20.04.2012 |
IDENTIFICATION DETAILS
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Name : |
MEI INTERNATIONAL SRL |
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Registered Office : |
Via Rovereto 14, Gallarate, 21013 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
17.10.1988 |
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Com. Reg. No.: |
01780030134 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
manufacture
of machinery for working soft rubber or plastics |
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No. of Employees
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10 |
RATING & COMMENTS
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MIRA’s 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 & address
Mei International SRL
Via Rovereto 14
Gallarate, 21013
Italy
Tel: +39 0331 285211
Fax: +39 0331 776129
Synthesis
Employees: 10
Company Type: Private Independent
Incorporation Date:
17-Oct-1988
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 7.9
Total Assets: 8.3
Business Description
Mei International SRL 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
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2499 - Other
Machinery and Equipment Manufacturing Not Elsewhere Classified
NACE 2002: 2956 - Manufacture
of other special purpose machinery not elsewhere classified
NAICS 2002: 333298 - All Other
Industrial Machinery Manufacturing
UK SIC 2003: 2956 - Manufacture
of other special purpose machinery not elsewhere classified
US SIC 1987: 3569 - General
Industrial Machinery and Equipment, Not Elsewhere Classified
Key Executives
Name Title
Giovanni Saporiti Sole
administrator
Giancarlo Saporiti Executive
Registered No.(ITA): 01780030134
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 Rovereto 14
Gallarate, 21013
Italy
Tel: +39 0331 285211
Fax: +39 0331 776129
Sales EUR(mil): 6.0
Assets EUR(mil): 6.2
Employees: 10
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous Capital Goods
Incorporation Date: 17-Oct-1988
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(ITA): 01780030134
Sole administrator: Giovanni
Saporiti
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3411 - Agricultural and Construction Machinery Wholesaling
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
NACE 2002 Codes:
2956 - Manufacture of other special purpose machinery not
elsewhere classified
5182 - Wholesale of mining, construction and civil engineering
machinery
NAICS 2002 Codes:
423810 - Construction and Mining (except Oil Well) Machinery and
Equipment Merchant Wholesalers
333298 - All Other Industrial Machinery Manufacturing
US SIC 1987:
5082 - Construction and Mining (Except Petroleum) Machinery and
Equipment
3569 - General Industrial Machinery and Equipment, Not Elsewhere
Classified
UK SIC 2003:
2956 - Manufacture of other special purpose machinery not elsewhere
classified
5182 - Wholesale of mining, construction and civil engineering
machinery
Business
Description
Mei International
SRL 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.
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Executive REPORT
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Executives |
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Sole administrator |
President |
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Executive |
Other |
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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 |
8.0 |
2.9 |
7.2 |
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Net sales |
7.9 |
2.8 |
6.9 |
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Other operating income |
0.1 |
0.1 |
0.2 |
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Raw materials and consumables employed |
6.2 |
2.0 |
5.5 |
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Other expenses |
1.0 |
0.7 |
1.0 |
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Total payroll costs |
0.5 |
0.4 |
0.5 |
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Fixed asset depreciation and amortisation |
0.1 |
0.1 |
0.1 |
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Other operating costs |
0.1 |
0.0 |
0.0 |
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Net operating
income |
0.1 |
-0.3 |
0.1 |
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Total financial
income |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.0 |
0.1 |
0.1 |
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Profit before tax |
0.1 |
-0.4 |
0.0 |
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Extraordinary result |
0.0 |
0.0 |
0.0 |
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Profit after extraordinary items and
before tax |
0.1 |
-0.3 |
0.0 |
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Total taxation |
0.1 |
-0.1 |
0.0 |
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Net profit |
0.0 |
- |
0.0 |
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Net loss |
- |
0.3 |
- |
Annual Balance
Sheet
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 |
4.2 |
4.4 |
4.5 |
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Provision for risks |
0.1 |
0.0 |
0.0 |
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Provision for pensions |
0.3 |
0.3 |
0.3 |
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Mortgages and loans |
- |
- |
0.1 |
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Other long-term liabilities |
0.3 |
0.1 |
- |
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Trade creditors |
- |
- |
2.2 |
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Other current liabilities |
3.5 |
1.0 |
0.2 |
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Accruals and deferred income |
0.1 |
0.0 |
0.1 |
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Total current
liabilities |
3.6 |
1.0 |
2.5 |
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Total
liabilities (including net worth) |
8.3 |
5.8 |
7.4 |
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Intangibles |
0.1 |
0.4 |
0.3 |
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Total tangible
fixed assets |
0.5 |
0.1 |
0.1 |
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Total financial
assets |
0.0 |
0.0 |
0.0 |
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Receivables due after 1 year |
0.0 |
0.0 |
0.0 |
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Total
non-current assets |
0.6 |
0.6 |
0.5 |
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Net stocks and work in progress |
2.2 |
2.3 |
2.5 |
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Trade debtors |
3.5 |
1.4 |
3.7 |
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Other receivables |
0.3 |
0.2 |
0.1 |
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Cash and liquid assets |
1.2 |
0.9 |
0.2 |
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Marketable securities |
0.3 |
0.4 |
0.3 |
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Accruals |
0.2 |
0.0 |
0.1 |
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Total current
assets |
7.7 |
5.2 |
6.9 |
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Total assets |
8.3 |
5.8 |
7.4 |
Annual Ratios
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 |
2.20 |
5.20 |
2.80 |
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Quick ratio |
1.50 |
2.80 |
1.80 |
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Current liabilities to net worth |
0.01% |
0.00% |
0.01% |
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Sales per employee |
- |
0.10 |
0.53 |
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Average wage per employee |
- |
0.01 |
0.04 |
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Net worth |
4.2 |
4.4 |
4.5 |
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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UK Pound |
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 |
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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.