MIRA
INFORM REPORT
|
Report Date : |
07.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
BECCARIA SRL |
|
|
|
|
Registered Office : |
Via
Sperino 46 Scarnafigi, 12030 |
|
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Country : |
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|
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Financials (as on) : |
31.12.2011 |
|
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Date of Incorporation : |
30.01.1991 |
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Reg. No.: |
02206800043 |
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Legal Form : |
Private Independent |
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|
|
|
Line of Business : |
Manufacture of mowers including lawn mowers |
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|
No. of Employees : |
89 |
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 |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
ITALY - ECONOMIC OVERVIEW
Italy has a
diversified industrial economy, which is divided into a developed industrial north,
dominated by private companies, and a less-developed, welfare-dependent,
agricultural south, with high unemployment. The Italian economy is driven in
large part by the manufacture of high-quality consumer goods produced by small
and medium-sized enterprises, many of them family owned. Italy also has a
sizable underground economy, which by some estimates accounts for as much as
17% of GDP. These activities are most common within the agriculture,
construction, and service sectors. Italy is the third-largest economy in the
euro-zone, but exceptionally high public debt burdens and structural
impediments to growth have rendered it vulnerable to scrutiny by financial
markets. Public debt has increased steadily since 2007, reaching 120% of GDP in
2011, and borrowing costs on sovereign government debt have risen to record
levels. During the second half of 2011 the government passed a series of three
austerity packages to balance its budget by 2013 and decrease its public debt
burden. These measures included a hike in the value-added tax, pension reforms,
and cuts to public administration. The government also faces pressure from
investors and European partners to address Italy's long-standing structural
impediments to growth, such as an inflexible labor market and widespread tax
evasion. The international financial crisis worsened conditions in Italy''s
labor market, with unemployment rising from 6.2% in 2007 to 8.4% in 2011, but
in the longer-term Italy''s low fertility rate and quota-driven immigration
policies will increasingly strain its economy. The euro-zone crisis along with
Italian austerity measures have reduced exports and domestic demand, slowing
Italy''s recovery. Italy''s GDP is still 5% below its 2007 pre-crisis level.
|
Source : CIA |
Company Name and address
BECCARIA
SRL
Via Sperino
46
Scarnafigi,
12030
Italy
Tel: +39
0175 274737
Fax: +39
0175 274748
Employees: 89
Company
Type: Private Independent
Incorporation
Date: 30-Jan-1991
Financials
in: USD (Millions)
Fiscal Year
End: 31-Dec-2011
Reporting
Currency: Euro
Annual
Sales: 11.0
Total
Assets: 8.7
Business Description
Beccaria
SRL is primarily engaged in manufacture of mowers including lawn mowers; manufacture
of agricultural self-loading or self-unloading trailers or semi-trailers;
manufacture of agricultural machinery for soil preparation, planting or
fertilising (ploughs, manure spreaders, seeders, harrows, etc.); manufacture of
harvesting or threshing machinery (harvesters, threshers, sorters, etc.);
manufacture of milking machines; manufacture of spraying machinery for
agricultural use; and manufacture of diverse agricultural machinery (poultry
keeping machinery, bee-keeping machinery, equipment for preparing fodder, etc.;
and machines for cleaning, sorting or grading eggs, fruit, seed, grain, etc.).
Industry
|
Industry |
|
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ANZSIC 2006: |
|
|
NACE 2002: |
2932 -
Manufacture of other agricultural and forestry machinery |
|
NAICS 2002: |
|
|
UK SIC 2003: |
2932 - Manufacture
of other agricultural and forestry machinery |
|
UK SIC 2007: |
28302 - Manufacture
of agricultural and forestry machinery (other than agricultural tractors) |
|
US SIC 1987: |
3524 - Lawn
and Garden Tractors and Home Lawn and Garden Equipment |
Key Executives
|
Name |
Title |
|
Renato Beccaria |
President |
|
Lucia Rosa Beccaria |
Member of the board |
|
Domenico Beccaria |
Member of the board |
|
Enrica Beccaria |
Member of the board |
|
Paolo Massano |
Member of the board |
News
|
Title |
Date |
|
Michael
Rainone, 94, champion of causes |
19-Oct-2012 |
|
Noorla
Bowls Club results and news |
26-Sep-2012 |
|
Study Data
from University of Montpellier Provide New Insights into Physics Research |
13-Sep-2012 |
|
Researchers
from King's College Detail Findings in High Energy Physics |
16-Aug-2012 |
|
Sports |
15-Aug-2012 |
Registered
No.(ITA): 02206800043
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.770327
CORPORATE OVERVIEW
Location
Via Sperino 46
Scarnafigi, 12030
Italy
Tel: +39
0175 274737
Fax: +39
0175 274748
Sales EUR(mil): 7.9
Assets EUR(mil): 6.7
Employees: 89
Fiscal Year End: 31-Dec-2011
Industry: Construction
and Agriculture Machinery
Incorporation Date: 30-Jan-1991
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(ITA): 02206800043
President: Renato
Beccaria
Industry Codes
|
ANZSIC
2006 Codes: |
||
|
2461 |
- |
Agricultural
Machinery and Equipment Manufacturing |
|
2499 |
- |
Other Machinery
and Equipment Manufacturing Not Elsewhere Classified |
|
NACE 2002
Codes: |
||
|
2932 |
- |
Manufacture
of other agricultural and forestry machinery |
|
2956 |
- |
Manufacture
of other special purpose machinery not elsewhere classified |
|
NAICS
2002 Codes: |
||
|
33311 |
- |
Agricultural
Implement Manufacturing |
|
333298 |
- |
All Other
Industrial Machinery Manufacturing |
|
US SIC
1987: |
||
|
3524 |
- |
Lawn and
Garden Tractors and Home Lawn and Garden Equipment |
|
3569 |
- |
General
Industrial Machinery and Equipment, Not Elsewhere Classified |
|
UK SIC
2003: |
||
|
2932 |
- |
Manufacture
of other agricultural and forestry machinery |
|
2956 |
- |
Manufacture
of other special purpose machinery not elsewhere classified |
|
UK SIC
2007: |
||
|
28302 |
- |
Manufacture
of agricultural and forestry machinery (other than agricultural tractors) |
|
2899 |
- |
Manufacture
of other special-purpose machinery n.e.c. |
Business Description
Beccaria SRL is primarily engaged in manufacture
of mowers including lawn mowers; manufacture of agricultural self-loading or
self-unloading trailers or semi-trailers; manufacture of agricultural machinery
for soil preparation, planting or fertilising (ploughs, manure spreaders,
seeders, harrows, etc.); manufacture of harvesting or threshing machinery
(harvesters, threshers, sorters, etc.); manufacture of milking machines;
manufacture of spraying machinery for agricultural use; and manufacture of
diverse agricultural machinery (poultry keeping machinery, bee-keeping
machinery, equipment for preparing fodder, etc.; and machines for cleaning,
sorting or grading eggs, fruit, seed, grain, etc.).
Financial Data
|
Financials in: |
EUR(mil) |
1 Year Growth |
|
Revenue: |
7.9 |
-18.0% |
|
Assets: |
6.7 |
NA |
|
Current Assets: |
4.9 |
|
|
Total Liabilities: |
6.7 |
|
|
Net Worth: |
2.6 |
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|
Date of Financial Data: |
31-Dec-2011 |
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Key Corporate Relationships
Bank: Intesa
Sanpaolo Ag
Board of Directors
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|||
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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 |
|||
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Member of
the board |
Director/Board
Member |
|||
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Member of
the board |
Director/Board
Member |
|||
|
Member of
the board |
Director/Board
Member |
Executives
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|||
|
President |
President |
News
|
Noorla
bowls |
28-Nov-2012 |
|
Michael
Rainone, 94, champion of causes |
19-Oct-2012 |
|
Noorla
Bowls Club results and news |
26-Sep-2012 |
|
Study Data from
University of Montpellier Provide New Insights into Physics Research |
13-Sep-2012 |
|
Researchers
from King's College Detail Findings in High Energy Physics |
16-Aug-2012 |
|
Sports |
15-Aug-2012 |
|
Noorla
Bowls Club notes |
20-Jun-2012 |
|
Noorla
Bowls results |
06-Jun-2012 |
|
New Physics
Research Research from National Institute for Nuclear Physics (INFN) Outlined |
17-May-2012 |
|
Noorla
Bowls |
22-Feb-2012 |
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 |
11.3 |
12.4 |
11.4 |
|
Net sales |
11.0 |
12.8 |
10.8 |
|
Other operating income |
0.0 |
0.1 |
0.1 |
|
Raw materials and consumables employed |
4.4 |
4.4 |
3.6 |
|
Other expenses |
1.9 |
2.1 |
2.0 |
|
Total payroll costs |
4.2 |
4.3 |
4.2 |
|
Fixed asset depreciation and amortisation |
0.4 |
0.4 |
0.4 |
|
Other operating costs |
0.1 |
0.1 |
0.1 |
|
Net operating income |
0.5 |
1.1 |
1.1 |
|
Total financial income |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.0 |
0.0 |
0.0 |
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Profit before tax |
0.5 |
1.2 |
1.1 |
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Extraordinary result |
0.0 |
0.0 |
0.0 |
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Profit after extraordinary items and before tax |
0.5 |
1.2 |
1.1 |
|
Total taxation |
0.3 |
0.5 |
0.4 |
|
Net profit |
0.2 |
0.7 |
0.7 |
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 |
3.4 |
3.5 |
3.6 |
|
Provision for risks |
0.9 |
1.1 |
1.2 |
|
Provision for pensions |
1.3 |
1.4 |
1.7 |
|
Mortgages and loans |
0.1 |
0.2 |
- |
|
Trade creditors |
1.1 |
1.3 |
1.3 |
|
Bank loans and overdrafts |
0.6 |
0.7 |
0.7 |
|
Other current liabilities |
1.2 |
1.9 |
2.6 |
|
Accruals and deferred income |
0.1 |
0.2 |
0.2 |
|
Total current liabilities |
3.0 |
4.1 |
4.7 |
|
Total liabilities (including net worth) |
8.7 |
10.2 |
11.2 |
|
Intangibles |
0.0 |
- |
- |
|
Buildings |
1.6 |
1.7 |
1.9 |
|
Total tangible fixed assets |
2.3 |
2.5 |
2.9 |
|
Long-term investments |
0.0 |
0.0 |
0.0 |
|
Total financial assets |
0.0 |
0.0 |
0.0 |
|
Loans to associated companies |
0.0 |
0.0 |
0.0 |
|
Total non-current assets |
2.3 |
2.5 |
2.9 |
|
Finished goods |
0.6 |
0.3 |
0.9 |
|
Net stocks and work in progress |
1.6 |
1.4 |
2.2 |
|
Trade debtors |
3.7 |
5.7 |
5.3 |
|
Other receivables |
0.4 |
0.1 |
0.3 |
|
Cash and liquid assets |
0.7 |
0.5 |
0.4 |
|
Accruals |
0.0 |
0.0 |
0.0 |
|
Total current assets |
6.4 |
7.7 |
8.3 |
|
Total assets |
8.7 |
10.2 |
11.2 |
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 |
2.10 |
1.90 |
1.80 |
|
Quick ratio |
1.60 |
1.60 |
1.30 |
|
Current liabilities to net worth |
0.01% |
0.01% |
0.01% |
|
Sales per employee |
0.12 |
0.14 |
0.11 |
|
Profit per employee |
0.00 |
0.01 |
0.01 |
|
Average wage per employee |
0.04 |
0.05 |
0.04 |
|
Net worth |
3.4 |
3.5 |
3.6 |
|
Number of employees |
67 |
68 |
68 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.46 |
|
|
1 |
Rs.87.63 |
|
Euro |
1 |
Rs.71.11 |
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.