MIRA
INFORM REPORT
|
Report Date : |
11.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
COLINES SPA |
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|
|
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Registered Office : |
Via Michelangelo Buonarroti 27/29, Nibbia San Pietro
Mosezzo, 28060 |
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|
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Country : |
Italy |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
16.11.2004 |
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Com. Reg. No.: |
01977460037 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Manufacture of machinery for working soft rubber or plastics |
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No. of Employees : |
94 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
COLINES
SPA
Via Michelangelo Buonarroti 27/29
Nibbia San Pietro Mosezzo, 28060
Italy
Tel: +39 0321 486311
Fax: +39 0321 486355
Synthesis
Employees: 94
Company Type: Public
Subsidiary
Corporate Family: 4
Companies
Ultimate Parent: GRUPPO
COLINES HOLDING SRL
Incorporation Date: 16-Nov-2004
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: Euro
Annual Sales: 29.5
Total Assets: 36.8
Business Description
Colines 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
|
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 |
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UK SIC 2003: |
2956 - Manufacture of other special purpose machinery not elsewhere classified |
|
US SIC 1987: |
3559 - Special Industry Machinery, Not Elsewhere Classified |
Key Executives
|
Name |
Title |
|
Giancarlo Paracchini |
President |
|
Giuseppe Ferrara |
Executive |
News
|
Title |
Date |
|
Daule-Pedro
Carbo studies and design contracts signed |
20-Jul-2012 |
Registered No.(ITA): 01977460037
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.770327
Location
Via Michelangelo Buonarroti 27/29
Nibbia
San Pietro Mosezzo, 28060
Italy
Tel: +39 0321 486311
Fax: +39 0321 486355
Sales EUR(mil): 21.2
Assets EUR(mil): 28.3
Employees: 94
Fiscal Year End: 31-Dec-2011
Industry: Miscellaneous
Capital Goods
Incorporation Date: 16-Nov-2004
Company Type: Public
Subsidiary
Quoted Status: Not
Quoted
Registered No.(ITA): 01977460037
President: Giancarlo Paracchini
Industry
Codes
|
ANZSIC 2006 Codes: |
||
|
2499 |
- |
Other Machinery and Equipment Manufacturing Not Elsewhere Classified |
|
NACE 2002 Codes: |
||
|
2956 |
- |
Manufacture of other special purpose machinery not elsewhere classified |
|
NAICS 2002 Codes: |
||
|
333298 |
- |
All Other Industrial Machinery Manufacturing |
|
US SIC 1987: |
||
|
3559 |
- |
Special Industry Machinery, Not Elsewhere Classified |
|
UK SIC 2003: |
||
|
2956 |
- |
Manufacture of other special purpose machinery not elsewhere classified |
Business
Description
Colines 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.
Financial
Data
|
Financials in: |
EUR(mil) |
1 Year Growth |
|
Revenue: |
21.2 |
24.5% |
|
Assets: |
28.3 |
NA |
|
Current Assets: |
19.1 |
|
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Total Liabilities: |
28.3 |
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Net Worth: |
6.3 |
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Date of Financial Data: |
31-Dec-2011 |
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Key Corporate Relationships
Bank: Unicredit Banca ag, Banca Nazionale del Lavoro ag
Corporate
Structure News
Total Corporate Family Members: 4
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
GRUPPO COLINES HOLDING SRL |
Parent |
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|
|
|
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|
Subsidiary |
San Pietro Mosezzo, Novara |
Italy |
Miscellaneous Capital Goods |
29.5 |
94 |
|
|
Subsidiary |
Cameri, Novara |
Italy |
Electronic Instruments and Controls |
5.4 |
30 |
|
|
Subsidiary |
Gallarate, Varese |
Italy |
Miscellaneous Capital Goods |
0.5 |
4 |
Executives
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|||
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President |
President |
|||
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
|||
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Executive |
Other |
Annual Profit & Loss
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
33.4 |
26.9 |
27.4 |
|
Net sales |
29.5 |
22.6 |
27.7 |
|
Other operating income |
0.6 |
0.8 |
1.1 |
|
Raw materials and consumables employed |
18.0 |
13.4 |
13.6 |
|
Other expenses |
8.0 |
6.2 |
6.1 |
|
Total payroll costs |
6.5 |
5.7 |
5.5 |
|
Fixed asset depreciation and amortisation |
0.6 |
0.6 |
0.5 |
|
Other operating costs |
0.2 |
0.2 |
0.7 |
|
Net operating
income |
0.1 |
0.8 |
0.9 |
|
Total financial
income |
-0.1 |
0.0 |
0.0 |
|
Total expenses |
0.2 |
0.1 |
0.2 |
|
Profit before tax |
-0.2 |
0.7 |
0.7 |
|
Extraordinary result |
0.7 |
-0.2 |
-0.3 |
|
Profit after extraordinary items and
before tax |
0.5 |
0.5 |
0.4 |
|
Total taxation |
0.5 |
0.4 |
0.4 |
|
Net profit |
0.0 |
0.1 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total
stockholders equity |
8.2 |
8.5 |
9.0 |
|
Provision for risks |
1.1 |
1.1 |
1.2 |
|
Provision for pensions |
2.1 |
1.9 |
2.0 |
|
Mortgages and loans |
3.4 |
3.4 |
5.0 |
|
Trade creditors |
10.7 |
12.0 |
11.8 |
|
Bank loans and overdrafts |
4.4 |
2.6 |
1.0 |
|
Other current liabilities |
6.4 |
7.9 |
5.4 |
|
Accruals and deferred income |
0.5 |
0.5 |
0.6 |
|
Total current
liabilities |
21.9 |
22.9 |
18.8 |
|
Total
liabilities (including net worth) |
36.8 |
37.9 |
35.9 |
|
Intangibles |
0.6 |
0.9 |
0.4 |
|
Buildings |
10.5 |
10.9 |
11.6 |
|
Total tangible fixed
assets |
11.3 |
11.6 |
12.3 |
|
Long-term investments |
0.0 |
0.0 |
0.0 |
|
Total financial
assets |
0.0 |
0.0 |
0.0 |
|
Total
non-current assets |
12.0 |
12.5 |
12.7 |
|
Finished goods |
4.9 |
- |
- |
|
Net stocks and work in progress |
16.1 |
13.7 |
9.1 |
|
Trade debtors |
6.0 |
6.2 |
4.7 |
|
Other receivables |
1.8 |
3.0 |
1.9 |
|
Cash and liquid assets |
0.7 |
2.4 |
7.4 |
|
Accruals |
0.2 |
0.2 |
0.1 |
|
Total current
assets |
24.7 |
25.4 |
23.2 |
|
Total assets |
36.8 |
37.9 |
35.9 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.10 |
1.10 |
1.20 |
|
Quick ratio |
0.40 |
0.50 |
0.80 |
|
Current liabilities to net worth |
0.03% |
0.03% |
0.02% |
|
Sales per employee |
0.22 |
0.19 |
0.22 |
|
Profit per employee |
0.00 |
0.00 |
0.00 |
|
Average wage per employee |
0.05 |
0.05 |
0.04 |
|
Net worth |
8.2 |
8.5 |
9.0 |
|
Number of employees |
98 |
91 |
91 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
|
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.04 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.