MIRA
INFORM REPORT
|
Report Date : |
04.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
NEW DIMENSION PLASTIC SRL |
|
|
|
|
Registered Office : |
Zona Industriale Industraile Lotto N. 8
Snc, Fosso Imperatore, Nocera Inferiore, 84014 |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
08.02.2001 |
|
|
|
|
Com. Reg. No.: |
03757380658 |
|
|
|
|
Legal Form : |
Private Independent |
|
|
|
|
Line of Business : |
Engaged in manufacture of plastic tableware |
|
|
|
|
No. of Employees : |
36 |
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 : |
235000 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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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
|
New dimension Plastic SRL |
|
|
|
||||||||||||||||||
|
Employees: |
36 |
|
Company Type: |
Private
Independent |
|
|
|
|
Incorporation Date:
|
08-Feb-2001 |
|
Financials in: |
|
|
|
|
|
Fiscal Year End:
|
31-Dec-2010 |
|
Reporting
Currency: |
Euro |
|
Annual Sales: |
17.5 |
|
Total Assets: |
23.4 |
Business Description
|
|
|
|
|
New dimension Plastic 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 |
|
|
|
|
|
Registered No.(ITA)
03757380658
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
|
|
|
|
|
|
||||||||||||||||||||||||||||||||
Industry
Codes
|
ANZSIC 2006 Codes: |
||
|
1919 |
- |
Other Polymer Product Manufacturing |
|
3739 |
- |
Other Goods Wholesaling Not Elsewhere Classified |
|
NACE 2002 Codes: |
||
|
2524 |
- |
Manufacture of other plastic products |
|
5190 |
- |
Other wholesale |
|
NAICS 2002 Codes: |
||
|
423990 |
- |
Other Miscellaneous Durable Goods Merchant
Wholesalers |
|
32619 |
- |
Other Plastics Product Manufacturing |
|
US SIC 1987: |
||
|
3089 |
- |
Plastics Products, Not Elsewhere
Classified |
|
5099 |
- |
Durable Goods, Not Elsewhere Classified |
|
UK SIC 2003: |
||
|
5190 |
- |
Other wholesale |
|
2524 |
- |
Manufacture of other plastic products |
Business
Description
|
New dimension Plastic 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) |
|
|
|
|
|
|
Revenue: |
13.2 |
|
|
Assets: |
17.4 |
|
|
Current Assets: |
10.6 |
|
|
Total Liabilities: |
17.4 |
|
|
Net Worth: |
3.5 |
|
|
|
|
|
|
Date of Financial Data: |
31-Dec-2010 |
|
|
|
|
1 Year Growth |
|
24.7% |
|
NA |
|
|||||||||||||||||||||
|
|
|
||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|
|
|
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 |
17.8 |
15.0 |
13.7 |
|
Net sales |
17.5 |
14.7 |
12.6 |
|
Other operating income |
0.3 |
0.3 |
0.1 |
|
Raw materials and consumables employed |
13.2 |
11.2 |
10.9 |
|
Other expenses |
1.9 |
1.2 |
0.7 |
|
Total payroll costs |
1.2 |
0.9 |
0.8 |
|
Fixed asset depreciation and amortisation |
1.1 |
1.0 |
0.8 |
|
Other operating costs |
0.1 |
0.2 |
0.2 |
|
Net operating income |
0.2 |
0.5 |
0.3 |
|
Total financial income |
0.0 |
- |
0.0 |
|
Total expenses |
0.1 |
0.1 |
0.2 |
|
Profit before tax |
0.2 |
0.4 |
0.1 |
|
Extraordinary result |
0.1 |
-0.1 |
0.0 |
|
Profit after extraordinary items and before tax |
0.3 |
0.2 |
0.1 |
|
Total taxation |
0.1 |
0.1 |
0.1 |
|
Net profit |
0.2 |
0.1 |
0.0 |
|
|
|
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 |
4.7 |
4.3 |
3.1 |
|
Provision for pensions |
0.2 |
0.1 |
0.1 |
|
Mortgages and loans |
3.1 |
3.8 |
- |
|
Other long-term liabilities |
1.3 |
1.7 |
3.7 |
|
Trade creditors |
7.7 |
7.1 |
- |
|
Bank loans and overdrafts |
2.6 |
2.8 |
- |
|
Other current liabilities |
0.2 |
0.2 |
5.9 |
|
Accruals and deferred income |
3.5 |
4.2 |
3.0 |
|
Total current liabilities |
14.0 |
14.4 |
8.9 |
|
Total liabilities (including net worth) |
23.4 |
24.3 |
15.7 |
|
Intangibles |
0.0 |
0.0 |
0.0 |
|
Buildings |
2.9 |
3.2 |
- |
|
Total tangible fixed assets |
8.1 |
11.4 |
7.9 |
|
Long-term investments |
0.0 |
0.0 |
- |
|
Total financial assets |
0.0 |
0.0 |
0.0 |
|
Receivables due after 1 year |
1.0 |
0.0 |
- |
|
Total non-current assets |
9.1 |
11.5 |
8.0 |
|
Finished goods |
2.0 |
1.3 |
- |
|
Net stocks and work in progress |
2.0 |
1.3 |
1.9 |
|
Trade debtors |
10.9 |
7.5 |
- |
|
Other receivables |
0.7 |
2.7 |
4.7 |
|
Cash and liquid assets |
0.5 |
1.4 |
1.1 |
|
Accruals |
0.2 |
0.0 |
0.1 |
|
Total current assets |
14.3 |
12.9 |
7.8 |
|
Total assets |
23.4 |
24.3 |
15.7 |
|
|
|
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 |
1.00 |
0.90 |
0.90 |
|
Quick ratio |
0.90 |
0.80 |
0.70 |
|
Current liabilities to net worth |
0.03% |
0.03% |
0.03% |
|
Sales per employee |
0.39 |
0.35 |
0.21 |
|
Profit per employee |
0.01 |
- |
0.00 |
|
Average wage per employee |
0.03 |
0.02 |
0.01 |
|
Net worth |
4.7 |
4.3 |
3.1 |
|
Number of employees |
34 |
- |
42 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.08 |
|
|
1 |
Rs.87.02 |
|
Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.