MIRA
INFORM REPORT
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Report Date : |
30.04.2012 |
IDENTIFICATION DETAILS
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Name : |
Laminam S.P.A. |
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Registered Office : |
Via Ghiarola Nuova
258, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.10.2001 |
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Com. Reg. No.: |
01969990355 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
manufacture of non-refractory ceramic hearth or wall tiles, mosaic cubes, etc |
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No. of Employees : |
86 |
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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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
Laminam SpA
Via Ghiarola Nuova
258
Fiorano Modenese, 41042
Italy
Tel: +39 0536 1844200
Fax: +39 0536 1844201
Synthesis
Employees: 86
Company Type: Public Subsidiary
Corporate Family: 6
Companies
Ultimate Parent: System
S.P.A.
Incorporation Date:
15-Oct-2001
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2010
Reporting Currency: Euro
Annual Sales: 24.6
Total Assets: 40.1
Business Description
Laminam SpA is primarily engaged in manufacture of non-refractory ceramic hearth or wall tiles, mosaic cubes, etc.; and manufacture of non-refractory ceramic flags and paving.
Industry
Industry Construction - Supplies and
Fixtures
ANZSIC 2006: 2029 - Other
Ceramic Product Manufacturing
NACE 2002: 2630 - Manufacture
of ceramic tiles and flags
NAICS 2002: 327122 - Ceramic
Wall and Floor Tile Manufacturing
UK SIC 2003: 2630 - Manufacture
of ceramic tiles and flags
US SIC 1987: 3253 - Ceramic
Wall and Floor Tile
Key Executives
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Name |
Title |
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Franco Stefani |
President |
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Alessandra Stefani |
Vice president |
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Luigi Panzetti |
Member of the board |
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Vittorio Pincelli |
Member of the board |
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Alberto Selmi |
Managing director |
Registered No.(ITA): 01969990355
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 Ghiarola Nuova
258
Fiorano Modenese, 41042
Italy
Tel: +39 0536 1844200
Fax: +39 0536 1844201
Sales EUR(mil): 18.5
Assets EUR(mil): 29.9
Employees: 86
Fiscal Year End: 31-Dec-2010
Industry: Construction
- Supplies and Fixtures
Incorporation Date: 15-Oct-2001
Company Type: Public
Subsidiary
Quoted Status: Not
Quoted
Registered No.(ITA): 01969990355
Managing director: Alberto Selmi
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2029 - Other Ceramic Product Manufacturing
NACE 2002 Codes:
2630 - Manufacture of ceramic tiles and flags
NAICS 2002 Codes:
327122 - Ceramic Wall and Floor Tile Manufacturing
US SIC 1987:
3253 - Ceramic Wall and Floor Tile
UK SIC 2003:
2630 - Manufacture of ceramic tiles and flags
Business
Description
Laminam SpA is primarily
engaged in manufacture of non-refractory ceramic hearth or wall tiles, mosaic
cubes, etc.; and manufacture of non-refractory ceramic flags and paving.
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Corporate
Family |
Corporate Structure
News: |
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System S.P.A. |
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Total Corporate Family Members: 6 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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System S.P.A. |
Parent |
Fiorano Modenese, Modena |
Italy |
Miscellaneous Capital Goods |
125.7 |
800 |
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System Logistics SpA |
Subsidiary |
Fiorano Modenese, Modena |
Italy |
Miscellaneous Capital Goods |
92.8 |
195 |
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Laminam SpA |
Subsidiary |
Fiorano Modenese, Modena |
Italy |
Construction - Supplies and Fixtures |
24.6 |
97 |
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Nuova Era S.R.L. |
Subsidiary |
Casalgrande, Reggio Emilia |
Italy |
Miscellaneous Fabricated Products |
18.0 |
75 |
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Tosilab SpA |
Subsidiary |
Fiorano Modenese, Modena |
Italy |
Miscellaneous Capital Goods |
8.5 |
51 |
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System Logistics, Tekhnich. tsentr |
Subsidiary |
Moscow |
Russian Federation |
Miscellaneous Transportation |
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Executive report
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Board
of Directors |
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Member of the board |
Director/Board Member |
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Member of the board |
Director/Board Member |
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Executives |
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President |
President |
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Managing director |
Managing Director |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Vice president |
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 |
26.9 |
16.9 |
29.5 |
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Net sales |
24.6 |
17.0 |
28.9 |
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Other operating income |
0.0 |
0.1 |
0.0 |
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Raw materials and consumables employed |
6.4 |
4.2 |
7.9 |
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Other expenses |
12.8 |
10.6 |
16.1 |
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Total payroll costs |
6.5 |
6.2 |
9.0 |
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Fixed asset depreciation and amortisation |
2.3 |
1.9 |
1.8 |
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Other operating costs |
0.2 |
0.4 |
0.2 |
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Net operating
income |
-1.2 |
-6.4 |
-5.5 |
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Total financial
income |
- |
0.1 |
0.0 |
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Total expenses |
0.2 |
0.4 |
0.4 |
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Profit before tax |
-1.4 |
-6.8 |
-5.8 |
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Extraordinary result |
- |
0.2 |
0.0 |
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Profit after extraordinary items and
before tax |
-1.4 |
-6.6 |
-5.9 |
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Total taxation |
-0.7 |
-2.6 |
-1.2 |
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Net loss |
0.7 |
4.0 |
4.6 |
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 |
10.7 |
12.1 |
6.3 |
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Provision for risks |
0.0 |
0.0 |
0.0 |
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Provision for pensions |
0.1 |
0.5 |
0.4 |
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Trade creditors |
9.0 |
3.0 |
6.0 |
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Bank loans and overdrafts |
4.6 |
0.3 |
1.8 |
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Other current liabilities |
15.6 |
13.0 |
13.8 |
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Accruals and deferred income |
0.1 |
0.0 |
0.1 |
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Total current
liabilities |
29.2 |
16.5 |
21.7 |
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Total
liabilities (including net worth) |
40.1 |
29.1 |
28.4 |
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Intangibles |
1.2 |
1.2 |
0.9 |
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Buildings |
0.1 |
0.1 |
0.1 |
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Total tangible
fixed assets |
11.7 |
8.8 |
6.0 |
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Long-term investments |
0.2 |
0.2 |
0.2 |
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Total financial
assets |
0.2 |
0.2 |
0.2 |
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Total
non-current assets |
13.2 |
10.1 |
7.1 |
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Finished goods |
5.7 |
3.3 |
3.5 |
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Net stocks and work in progress |
8.0 |
4.4 |
4.8 |
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Trade debtors |
9.8 |
5.5 |
10.1 |
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Other receivables |
8.2 |
8.5 |
5.9 |
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Cash and liquid assets |
0.5 |
0.1 |
0.2 |
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Accruals |
0.3 |
0.4 |
0.5 |
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Total current
assets |
26.9 |
18.9 |
21.3 |
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Total assets |
40.1 |
29.1 |
28.4 |
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 |
0.90 |
1.20 |
1.00 |
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Quick ratio |
0.60 |
0.90 |
0.80 |
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Current liabilities to net worth |
0.03% |
0.01% |
0.03% |
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Sales per employee |
0.22 |
0.13 |
0.23 |
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Profit per employee |
-0.01 |
-0.05 |
-0.04 |
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Average wage per employee |
0.06 |
0.05 |
0.07 |
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Net worth |
10.7 |
12.1 |
6.3 |
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Number of employees |
86 |
91 |
106 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.52.68 |
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UK Pound |
1 |
Rs.85.12 |
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Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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.