MIRA
INFORM REPORT
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Report Date : |
24.08.2012 |
IDENTIFICATION DETAILS
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Name : |
ADEL SYSTEM S.R.L. |
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Registered Office : |
Via Luigi Barchi 9/B, Reggio Nell'emilia,
42124 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
09.01.1991 |
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Com. Reg. No.: |
01451240350 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of other electrical equipment |
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No. of Employees : |
14 |
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 : |
Slow |
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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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Italy |
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 and address
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Adel System S.R.L. |
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Employees: |
14 |
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Company Type: |
Private Independent |
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Incorporation Date: |
09-Jan-1991 |
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Fiscal Year End: |
31-Dec-2010 |
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Reporting Currency: |
Euro |
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Annual Sales: |
2.6 |
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Total Assets: |
1.7 |
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Employees: |
14 |
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Company Type: |
Private Independent |
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Incorporation Date: |
09-Jan-1991 |
Business Description
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Adel System S.R.L. is primarily engaged in
manufacture of electrical signalling, safety or traffic control equipment for
motorways, roads or streets, railways and tramways, inland waterways, ports and
harbours and airports; manufacture of diverse electrical sound or visual
signalling apparatus (bells, sirens, indicator panels, burglar and fire
alarms, etc.); manufacture of electromagnets including electromagnetic or
permanent magnet chucks, clutches, brakes, couplings, clamps or lifting
heads; manufacture of electrical insulators and insulating fittings, except
of glass or ceramics; manufacture of insulating fittings for electrical
machines or equipment, except of ceramics or plastics; manufacture of carbon
or graphite electrodes; manufacture of electrical conduit tubing and joints
for such tubing, of base metal lined with insulating material; and
manufacture of diverse electrical machines and apparatus (particle
accelerators, signal generators, mine detectors, electrical detonators,
etc.). |
Industry
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Industry |
Electronic
Instruments and Controls |
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ANZSIC 2006: |
2439 - Other
Electrical Equipment Manufacturing |
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NACE 2002: |
3162 - Manufacture
of other electrical equipment not elsewhere classified |
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NAICS 2002: |
335999 - All
Other Miscellaneous Electrical Equipment and Component Manufacturing |
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UK SIC 2003: |
3162 - Manufacture
of other electrical equipment not elsewhere classified |
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US SIC 1987: |
3699 -
Electrical Machinery, Equipment, and Supplies, Not Elsewhere Classified |
Key Executives
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Registered No.(ITA)
01451240350
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
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Industry
Codes
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Business
Description
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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 |
2.8 |
2.0 |
3.1 |
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Net sales |
2.6 |
2.1 |
3.1 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Raw materials and consumables employed |
1.3 |
0.7 |
1.2 |
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Other expenses |
0.9 |
0.7 |
1.2 |
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Total payroll costs |
0.5 |
0.5 |
0.6 |
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Fixed asset depreciation and amortisation |
0.0 |
0.0 |
0.0 |
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Other operating costs |
0.0 |
0.0 |
0.0 |
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Net operating
income |
0.1 |
0.1 |
0.1 |
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Total financial
income |
- |
0.0 |
0.0 |
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Total expenses |
0.0 |
0.0 |
0.1 |
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Profit before tax |
0.0 |
0.0 |
0.1 |
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Profit after extraordinary items and
before tax |
0.0 |
0.0 |
0.1 |
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Total taxation |
0.0 |
0.0 |
0.0 |
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Net profit |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
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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 |
0.2 |
0.2 |
0.2 |
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Provision for pensions |
0.2 |
0.1 |
0.1 |
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Other long-term liabilities |
0.0 |
0.0 |
- |
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Other current liabilities |
1.4 |
0.8 |
1.1 |
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Accruals and deferred income |
0.0 |
0.0 |
0.1 |
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Total current
liabilities |
1.4 |
0.9 |
1.2 |
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Total
liabilities (including net worth) |
1.7 |
1.2 |
1.5 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total tangible
fixed assets |
0.0 |
0.0 |
0.0 |
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Total
non-current assets |
0.1 |
0.1 |
0.1 |
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Net stocks and work in progress |
0.6 |
0.4 |
0.5 |
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Other receivables |
0.9 |
0.7 |
0.9 |
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Cash and liquid assets |
0.0 |
0.0 |
0.0 |
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Accruals |
0.1 |
0.1 |
0.1 |
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Total current
assets |
1.7 |
1.1 |
1.4 |
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Total assets |
1.7 |
1.2 |
1.5 |
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Annual Ratios |
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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 |
1.20 |
1.30 |
1.20 |
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Quick ratio |
0.70 |
0.90 |
0.80 |
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Current liabilities to net worth |
0.08% |
0.05% |
0.07% |
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Sales per employee |
0.16 |
0.13 |
0.21 |
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Average wage per employee |
0.03 |
0.03 |
0.04 |
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Net worth |
0.2 |
0.2 |
0.2 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.38 |
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1 |
Rs.87.79 |
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Euro |
1 |
Rs.69.47 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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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.