MIRA
INFORM REPORT
|
Report Date : |
11.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
ZATO SRL |
|
|
|
|
Registered Office : |
Via Campi Grandi 23, Prevalle, 25080 |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
12.01.1999 |
|
|
|
|
Com. Reg. No.: |
02539520987 |
|
|
|
|
Legal Form : |
Private Independent |
|
|
|
|
Line of Business : |
Manufacture of diverse parts and accessories of motor vehicles |
|
|
|
|
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 |
|
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
|
Zato SRL |
|
|
|
||||||||||||||
|
|
Business Description
|
Zato SRL is primarily engaged in
manufacture of diverse parts and accessories of motor vehicles (brakes, gear boxes,
axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust
pipes, catalysers, clutches, steering wheels, steering columns and steering
boxes); and manufacture of parts and accessories of bodies for motor vehicles
(safety belts, airbags, doors, bumpers). This class also includes:
manufacture of inlet and exhaust valves of internal combustion engines. |
Industry
|
Industry |
Auto and Truck
Parts |
|
ANZSIC 2006: |
231 - Motor
Vehicle and Motor Vehicle Part Manufacturing |
|
NACE 2002: |
3430 -
Manufacture of parts and accessories for motor vehicles and their engines |
|
NAICS 2002: |
33631 - Motor
Vehicle Gasoline Engine and Engine Parts Manufacturing |
|
UK SIC 2003: |
3430 - Manufacture
of parts and accessories for motor vehicles and their engines |
|
US SIC 1987: |
3714 - Motor
Vehicle Parts and Accessories |
Key Executives
|
|
|
|
|||||||||||||
|
|
News |
|
|
|
|||||||||
|
Registered No.(ITA)
02539520987
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
|
|||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||
Industry
Codes
|
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
|
|
|
|
|
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 |
14.6 |
5.2 |
6.0 |
|
Net sales |
12.3 |
4.6 |
6.2 |
|
Other operating income |
0.9 |
0.3 |
0.5 |
|
Raw materials and consumables employed |
8.5 |
2.3 |
1.6 |
|
Other expenses |
4.3 |
1.7 |
1.8 |
|
Total payroll costs |
0.8 |
0.7 |
0.9 |
|
Fixed asset depreciation and amortisation |
0.3 |
0.2 |
0.8 |
|
Other operating costs |
0.4 |
0.2 |
0.7 |
|
Net operating income |
0.2 |
0.1 |
0.2 |
|
Total financial income |
0.0 |
0.0 |
0.0 |
|
Total expenses |
0.1 |
0.1 |
0.0 |
|
Profit before tax |
0.1 |
0.1 |
0.1 |
|
Extraordinary result |
- |
- |
0.1 |
|
Profit after extraordinary items and before tax |
0.1 |
0.1 |
0.2 |
|
Total taxation |
0.1 |
0.1 |
0.1 |
|
Net profit |
0.0 |
0.0 |
0.2 |
|
|
|
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 |
1.0 |
1.0 |
1.1 |
|
Provision for pensions |
0.1 |
0.1 |
0.1 |
|
Mortgages and loans |
0.7 |
0.5 |
- |
|
Other long-term liabilities |
0.5 |
0.6 |
0.6 |
|
Trade creditors |
5.9 |
2.2 |
3.0 |
|
Bank loans and overdrafts |
2.3 |
0.5 |
0.0 |
|
Other current liabilities |
0.4 |
0.3 |
0.4 |
|
Accruals and deferred income |
0.0 |
0.1 |
0.1 |
|
Total current liabilities |
8.7 |
3.0 |
3.6 |
|
Total liabilities (including net worth) |
11.1 |
5.2 |
5.3 |
|
Intangibles |
0.0 |
0.0 |
0.6 |
|
Total tangible fixed assets |
1.7 |
1.4 |
1.7 |
|
Total financial assets |
0.0 |
0.0 |
0.0 |
|
Receivables due after 1 year |
0.9 |
0.0 |
0.0 |
|
Total non-current assets |
2.7 |
1.5 |
2.3 |
|
Net stocks and work in progress |
2.1 |
1.2 |
0.6 |
|
Trade debtors |
4.0 |
1.8 |
1.6 |
|
Other receivables |
0.8 |
0.6 |
0.5 |
|
Cash and liquid assets |
1.4 |
0.0 |
0.1 |
|
Accruals |
0.0 |
0.1 |
0.1 |
|
Total current assets |
8.3 |
3.7 |
3.0 |
|
Total assets |
11.1 |
5.2 |
5.3 |
|
|
|
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 |
1.00 |
1.20 |
0.90 |
|
Quick ratio |
0.70 |
0.80 |
0.70 |
|
Current liabilities to net worth |
0.08% |
0.03% |
0.03% |
|
Sales per employee |
- |
0.29 |
4.43 |
|
Average wage per employee |
- |
0.04 |
0.68 |
|
Net worth |
1.0 |
1.0 |
1.1 |
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 : |
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.