MIRA
INFORM REPORT
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Report Date : |
29.08.2012 |
IDENTIFICATION DETAILS
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Name : |
BENTELER DISTRIBUZIONE ITALIA SPA |
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Registered Office : |
Via Giovanni Boccaccio 96 Trezzano Sul Naviglio, 20090 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
21.01.1947 |
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Com. Reg. No.: |
00850030156 |
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Legal Form : |
Public Subsidiary |
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line of business
: |
Wholesale of ferrous and non-ferrous metal ores |
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No. of Employees : |
60 |
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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 & address
BENTELER
DISTRIBUZIONE ITALIA SPA
Via Giovanni Boccaccio 96
Trezzano Sul Naviglio, 20090
Italy
Tel: +39 0248 4271
Fax: +39 0248 401805
Employees: 60
Company Type: Public
Subsidiary
Corporate Family: 3
Companies
Ultimate Parent: B.E.
SRL
Incorporation Date: 21-Jan-1947
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2010
Reporting Currency: Euro
Annual Sales: 34.9
Total Assets: 26.4
Business Description
Benteler distribuzione Italia SpA is primarily engaged in wholesale of ferrous and non-ferrous metal ores; wholesale of ferrous and non-ferrous metals in primary forms; wholesale of ferrous and non-ferrous semi-finished metal products not elsewhere classified; and wholesale of gold and other precious metals.
Industry
|
Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
3322 - Metal and Mineral Wholesaling |
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NACE 2002: |
5152 - Wholesale of metals and ores |
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NAICS 2002: |
423520 - Coal and Other Mineral and Ore Merchant
Wholesalers |
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UK SIC 2003: |
5152 - Wholesale of metals and ores |
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US SIC 1987: |
5051 - Metals Service Centers and Offices |
Key Executives
|
Name |
Title |
|
Anders Paul Ivarsson |
President |
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Andrea Barbieri |
Executive |
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Cesare Oscar Biondi |
Executive |
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Carolus Alexander Buethker |
Member of the board |
|
Sergio Clara |
Member of the board |
Registered No.(ITA): 00850030156
1 - Profit & Loss
Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Location
Via Giovanni Boccaccio 96
Trezzano Sul Naviglio, 20090
Italy
Tel: +39
0248 4271
Fax: +39
0248 401805
Sales EUR(mil): 26.3
Assets EUR(mil): 19.7
Employees: 60
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous Capital Goods
Incorporation
Date: 21-Jan-1947
Company Type: Public
Subsidiary
Quoted Status: Not
Quoted
Registered No.(ITA): 00850030156
President: Anders Paul Ivarsson
Industry
Codes
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ANZSIC 2006 Codes: |
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3322 |
- |
Metal and Mineral Wholesaling |
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NACE 2002 Codes: |
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5152 |
- |
Wholesale of metals and ores |
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NAICS 2002 Codes: |
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423520 |
- |
Coal and Other Mineral and Ore Merchant Wholesalers |
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US SIC 1987: |
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|
5051 |
- |
Metals Service Centers and Offices |
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UK SIC 2003: |
||
|
5152 |
- |
Wholesale of metals and ores |
Business
Description
Benteler distribuzione Italia SpA is primarily engaged in wholesale of ferrous and non-ferrous metal ores; wholesale of ferrous and non-ferrous metals in primary forms; wholesale of ferrous and non-ferrous semi-finished metal products not elsewhere classified; and wholesale of gold and other precious metals.
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Financial
Data
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Financials in: |
EUR(mil) |
1 Year Growth |
|
Revenue: |
26.3 |
71.9% |
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Assets: |
19.7 |
NA |
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Current Assets: |
18.2 |
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Total Liabilities: |
19.7 |
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Net Worth: |
1.8 |
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Date of Financial Data: |
31-Dec-2010 |
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Bank: Unicredit Banca Ag
Corporate
Structure News:
Benteler
distribuzione Italia SpA
Total Corporate Family Members: 3
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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B.E. SRL |
Parent |
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Subsidiary |
Torino, Torino |
Italy |
Miscellaneous Fabricated Products |
42.7 |
133 |
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Subsidiary |
Trezzano Sul Naviglio, Milano |
Italy |
Miscellaneous Capital Goods |
34.9 |
60 |
Board of Directors
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Member of the board |
Director/Board Member |
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Member of the board |
Director/Board Member |
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Member of the board |
Director/Board Member |
Executives
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President |
President |
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Managing director |
Managing Director |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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 |
|
Exchange Rate (Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
32.3 |
27.6 |
51.0 |
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Net sales |
34.9 |
21.3 |
56.8 |
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Other operating income |
0.3 |
0.5 |
0.8 |
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Raw materials and consumables employed |
26.7 |
25.0 |
37.4 |
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Other expenses |
4.0 |
3.8 |
5.9 |
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Total payroll costs |
4.8 |
5.0 |
5.9 |
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Fixed asset depreciation and amortisation |
0.9 |
0.5 |
0.5 |
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Other operating costs |
0.2 |
0.3 |
0.1 |
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Net operating income |
-4.4 |
-6.9 |
1.2 |
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Total financial income |
- |
0.0 |
0.0 |
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Total expenses |
0.3 |
0.4 |
0.9 |
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Profit before tax |
-4.7 |
-7.3 |
0.4 |
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Extraordinary result |
-0.1 |
0.5 |
0.8 |
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Profit after extraordinary items and before tax |
-4.7 |
-6.8 |
1.1 |
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Total taxation |
0.0 |
- |
0.6 |
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Net profit |
- |
- |
0.5 |
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Net loss |
4.7 |
6.8 |
- |
Annual Balance Sheet
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 |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
2.4 |
2.7 |
9.5 |
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Provision for risks |
- |
0.0 |
0.1 |
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Provision for pensions |
1.1 |
1.1 |
1.0 |
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Trade creditors |
6.0 |
3.6 |
3.8 |
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Other current liabilities |
16.8 |
18.1 |
21.6 |
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Total current liabilities |
22.9 |
21.7 |
25.4 |
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Total liabilities (including net worth) |
26.4 |
25.6 |
36.0 |
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Intangibles |
0.0 |
0.0 |
0.1 |
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Buildings |
1.2 |
1.3 |
1.3 |
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Total tangible fixed assets |
1.9 |
2.2 |
2.1 |
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Total financial assets |
0.0 |
0.1 |
0.1 |
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Total non-current assets |
2.0 |
2.3 |
2.2 |
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Finished goods |
6.7 |
10.3 |
15.8 |
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Net stocks and work in progress |
6.7 |
10.3 |
15.8 |
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Trade debtors |
14.5 |
9.3 |
15.9 |
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Other receivables |
2.1 |
2.3 |
1.4 |
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Owing from participants |
- |
- |
0.6 |
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Cash and liquid assets |
0.0 |
0.0 |
0.0 |
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Accruals |
1.1 |
1.4 |
0.1 |
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Total current assets |
24.4 |
23.3 |
33.8 |
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Total assets |
26.4 |
25.6 |
36.0 |
Annual Ratios
Financials in: USD (mil)
|
|
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 |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.10 |
1.10 |
1.30 |
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Quick ratio |
0.80 |
0.60 |
0.70 |
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Current liabilities to net worth |
0.09% |
0.08% |
0.03% |
|
Sales per employee |
- |
0.24 |
0.72 |
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Average wage per employee |
- |
0.06 |
0.08 |
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Net worth |
2.4 |
2.7 |
9.5 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.78 |
|
UK Pound |
1 |
Rs.88.04 |
|
Euro |
1 |
Rs.69.62 |
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 |
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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 |
|
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.