MIRA INFORM REPORT

 

 

 

 

Report Date :           

04.08.2012

 

IDENTIFICATION DETAILS

 

Name :

CONFEZIONI PLAX SRL

 

 

Registered Office :

Via Amendola 29, Savignano Sul Rubicone, 47039

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

09.10.2000

 

 

Com. Reg. No.:

03166260400

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Manufacture of other plastic products

 

 

No. of Employees :

13

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit:

40000 USD

Status :

Moderate

Payment Behaviour :

No Complaints

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 & address

 

Confezioni Plax SRL                                                                                                                                 

 

Via Amendola 29

Savignano Sul Rubicone, 47039

Italy

Tel: +39 0541 945330

Fax: +39 0541 942246

 

Employees:                   13

Company Type:             Private Independent

                            

Incorporation Date: 09-Oct-2000

Financials in:                 USD (Millions)

                               

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:                3.8

Total Assets:                 2.6

 

 

Business Description   

 

 

Confezioni Plax SRL is primarily engaged in manufacture of plastic tableware, kitchenware and toilet articles; and manufacture of diverse plastic products (plastic headgear, insulating fittings, parts of lighting fittings, office or school supplies, articles of apparel, fittings for furniture, statuettes, transmission and conveyor belts, etc.).

 

 

Industry      

 

 

Industry

Fabricated Plastic and Rubber

ANZSIC 2006:

1919 - Other Polymer Product Manufacturing

NACE 2002:

2524 - Manufacture of other plastic products

NAICS 2002:

32619 - Other Plastics Product Manufacturing

UK SIC 2003:

2524 - Manufacture of other plastic products

US SIC 1987:

3089 - Plastics Products, Not Elsewhere Classified

 

 

Key Executives   

             

 

Name

Title

Marco Leonelli

Executive

Massimo Leonelli

Executive

 

Registered No.(ITA):                               03166260400

 

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 Amendola 29
Savignano Sul Rubicone, 47039
Italy

 

Tel:+39 0541 945330

Fax:+39 0541 942246

 

Sales EUR(mil):             2.9

Assets EUR(mil):           2.0

Employees:                   13

Fiscal Year End:            31-Dec-2010

 

Industry:                      Fabricated Plastic and Rubber

Incorporation Date:         09-Oct-2000

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(ITA):       03166260400

 

Executive:                     Massimo Leonelli

 

 

Industry Codes

 

ANZSIC 2006 Codes:

1919

-

Other Polymer Product Manufacturing

 

NACE 2002 Codes:

2524

-

Manufacture of other plastic products

 

NAICS 2002 Codes:

32619

-

Other Plastics Product Manufacturing

 

US SIC 1987:

3089

-

Plastics Products, Not Elsewhere Classified

 

UK SIC 2003:

2524

-

Manufacture of other plastic products

 

 

 

 

 

Business Description

 

Confezioni Plax SRL is primarily engaged in manufacture of plastic tableware, kitchenware and toilet articles; and manufacture of diverse plastic products (plastic headgear, insulating fittings, parts of lighting fittings, office or school supplies, articles of apparel, fittings for furniture, statuettes, transmission and conveyor belts, etc.).

 

 

Financial Data

 

Financials in:

EUR(mil)

1 Year Growth

Revenue:

2.9

19.7%

Assets:

2.0

NA

Current Assets:

1.7

 

Total Liabilities:

2.0

 

Net Worth:

0.6

 

Date of Financial Data:

31-Dec-2010

 

 

 

Key Corporate Relationships

 

Bank:

Cassa di Risparmio di Ravenna

 

 

Executives

 

 

Name

Title

Function

Massimo Leonelli

 

Executive

Other

Marco Leonelli

 

Executive

Other

 

 

Annual Profit & Loss

 

Financials in: USD (mil)

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Total income

3.8

3.4

3.5

Net sales

3.8

3.4

3.5

Other operating income

0.0

0.1

0.0

Raw materials and consumables employed

2.4

1.8

2.1

Other expenses

0.6

0.7

0.7

Total payroll costs

0.4

0.4

0.4

Fixed asset depreciation and amortisation

0.2

0.2

0.2

Other operating costs

0.0

0.0

0.0

Net operating income

0.3

0.3

0.2

Total financial income

0.0

0.0

0.0

Total expenses

0.0

0.0

0.0

Profit before tax

0.3

0.3

0.2

Extraordinary result

-

0.0

-

Profit after extraordinary items and before tax

0.3

0.3

0.2

Total taxation

0.1

0.1

0.1

Net profit

0.2

0.2

0.1

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Total stockholders equity

0.8

0.7

0.5

Provision for pensions

0.0

0.0

0.0

Mortgages and loans

0.3

-

-

Other long-term liabilities

-

0.2

0.1

Trade creditors

1.4

-

-

Bank loans and overdrafts

0.0

-

-

Other current liabilities

0.1

1.3

1.4

Accruals and deferred income

0.0

0.0

0.0

Total current liabilities

1.5

1.3

1.4

Total liabilities (including net worth)

2.6

2.2

2.0

Intangibles

0.0

0.0

0.0

Total tangible fixed assets

0.4

0.3

0.3

Total non-current assets

0.4

0.4

0.3

Net stocks and work in progress

0.3

0.2

0.1

Trade debtors

1.6

1.5

-

Other receivables

0.1

0.0

1.3

Cash and liquid assets

0.1

0.0

0.1

Accruals

0.1

0.1

0.1

Total current assets

2.2

1.8

1.7

Total assets

2.6

2.2

2.0

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

1.50

1.40

1.20

Quick ratio

1.30

1.30

1.10

Current liabilities to net worth

0.02%

0.02%

0.03%

Sales per employee

-

0.20

0.20

Average wage per employee

-

0.02

0.02

Net worth

0.8

0.7

0.5

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.78

UK Pound

1

Rs.86.75

Euro

1

Rs.68.32

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.