MIRA
INFORM REPORT
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Report Date : |
07.12.2012 |
IDENTIFICATION DETAILS
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Name : |
ALIT SRL |
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Registered Office : |
Via Venezia 30, Marsango, Campo |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
07.09.1998 |
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Com. Reg. No.: |
03360680288 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
manufacturer of agricultural dryers; manufacture of
machinery for the dairy industry (cream separators; milk processing machinery
(homogenisers and irradiators) |
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No. of Employees : |
30 employees |
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 but Correct |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
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.
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Source : CIA |
Company name & address
Alit SRL
Via Venezia 30
Marsango
Campo San Martino, 35010
Italy
Tel: +39 0495 52297
Fax: +39 0499 639224
Synthesis
Employees: 30
Company Type: Private
Independent
Incorporation Date:
07-Sep-1998
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: Euro
Annual Sales: 13.9
Total Assets: 15.0
Business Description
Alit SRL is primarily engaged in manufacture of agricultural dryers; manufacture of machinery for the dairy industry (cream separators; milk processing machinery (homogenisers and irradiators); milk converting machinery (butter churns, butter workers and moulding machines); cheese-making machines (homogenisers, moulders, presses, etc.); manufacture of machinery for the grain milling industry (winnowers, sieving belts, cyclone separators, aspirator separators, grain brushing machines and the like; grinding mills, “breading†rolls or mills, feeders, sifters, bran cleaners, blenders, rice hullers, pea splitters); manufacture of presses, crushers, etc. used to make wine, cider, fruit juices, etc.; manufacture of machinery for the bakery industry or for making macaroni, spaghetti or similar products (manufacture of non-electric bakery ovens, dough mixers, dough-dividers, moulders, slicers, cake depositing machines, etc.); manufacture of machines and equipment to process diverse food (machinery to make confectionery, cocoa or chocolate; to manufacture sugar; for breweries; to process meat or poultry; to prepare fruit, nuts or vegetables; to prepare fish, shell fish or other sea-food; other machinery for the industrial preparation or manufacture of food or drink; manufacture of machinery for the extraction or preparation of animal or vegetable fats or oils; manufacture of machinery for the preparation of tobacco and for the making of cigarettes or cigars, or for pipe or chewing tobacco or snuff; and manufacture of machinery for the preparation of food in hotels and restaurants.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2469 - Other
Specialised Machinery and Equipment Manufacturing
NACE 2002: 2953 - Manufacture
of machinery for food, beverage and tobacco processing
NAICS 2002: 333294 - Food
Product Machinery Manufacturing
UK SIC 2003: 2953 - Manufacture
of machinery for food, beverage and tobacco processing
UK SIC 2007: 2893 - Manufacture
of machinery for food, beverage and tobacco processing
US SIC 1987: 3556 - Food
Products Machinery
Key Executives
|
Name |
Title |
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Massimo Finco |
President |
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Elisabetta Libralon |
Member of the board |
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Gianni Tomasello |
Member of the board |
News
|
Title |
Date |
|
Sims' career day propels Cougars to
lopsided win |
6-Oct-2012 |
|
Hundreds of travel agents drop in on St.
Thomas for the day |
9-May-2012 |
|
Shunned sisters stitching a new world |
3-May-2012 |
|
'Dalit dominant' BSP better than 'Goonda
Raj' SP: Beni Prasad Verma |
4-Mar-2012 |
|
Bali's locals feel the heat from migrants |
27-Dec-2010 |
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 Venezia 30
Marsango
Campo San Martino, 35010
Italy
Tel: +39 0495 52297
Fax: +39 0499 639224
Sales EUR(mil): 10.0
Assets EUR(mil): 11.5
Employees: 30
Fiscal Year End: 31-Dec-2011
Industry: Miscellaneous
Capital Goods
Incorporation Date: 07-Sep-1998
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(ITA): 03360680288
President: Massimo
Finco
Contents
Industry Codes
Business Description
Financial Data
Industry Codes
ANZSIC 2006 Codes:
2469 - Other Specialised Machinery and Equipment Manufacturing
NACE 2002 Codes:
2953 - Manufacture of machinery for food, beverage and tobacco
processing
NAICS 2002 Codes:
333294 - Food Product Machinery Manufacturing
US SIC 1987:
3556 - Food Products Machinery
UK SIC 2003:
2953 - Manufacture of machinery for food, beverage and tobacco
processing
UK SIC 2007:
2893 - Manufacture of machinery for food, beverage and tobacco
processing
Business
Description
Alit SRL is
primarily engaged in manufacture of agricultural dryers; manufacture of
machinery for the dairy industry (cream separators; milk processing machinery
(homogenisers and irradiators); milk converting machinery (butter churns,
butter workers and moulding machines); cheese-making machines (homogenisers,
moulders, presses, etc.); manufacture of machinery for the grain milling
industry (winnowers, sieving belts, cyclone separators, aspirator separators,
grain brushing machines and the like; grinding mills, “breading†rolls or
mills, feeders, sifters, bran cleaners, blenders, rice hullers, pea splitters);
manufacture of presses, crushers, etc. used to make wine, cider, fruit juices,
etc.; manufacture of machinery for the bakery industry or for making macaroni,
spaghetti or similar products (manufacture of non-electric bakery ovens, dough
mixers, dough-dividers, moulders, slicers, cake depositing machines, etc.);
manufacture of machines and equipment to process diverse food (machinery to
make confectionery, cocoa or chocolate; to manufacture sugar; for breweries; to
process meat or poultry; to prepare fruit, nuts or vegetables; to prepare fish,
shell fish or other sea-food; other machinery for the industrial preparation or
manufacture of food or drink; manufacture of machinery for the extraction or
preparation of animal or vegetable fats or oils; manufacture of machinery for
the preparation of tobacco and for the making of cigarettes or cigars, or for
pipe or chewing tobacco or snuff; and manufacture of machinery for the
preparation of food in hotels and restaurants.
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Executive report
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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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Executives |
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President |
President |
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Managing director |
Managing Director |
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Annual Profit & Loss
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Total income |
14.4 |
12.3 |
11.0 |
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Net sales |
13.9 |
12.0 |
11.2 |
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Other operating income |
0.2 |
0.3 |
0.1 |
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Raw materials and consumables employed |
6.6 |
6.2 |
4.3 |
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Other expenses |
5.6 |
3.6 |
3.8 |
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Total payroll costs |
1.9 |
1.8 |
1.9 |
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Fixed asset depreciation and amortisation |
0.2 |
0.3 |
0.3 |
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Other operating costs |
0.2 |
0.1 |
0.0 |
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Net operating income |
0.0 |
0.4 |
0.7 |
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Total financial income |
0.2 |
-0.1 |
-0.2 |
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Total expenses |
0.0 |
0.0 |
0.1 |
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Profit before tax |
0.1 |
0.3 |
0.4 |
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Extraordinary result |
0.1 |
- |
0.1 |
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Profit after extraordinary items and before tax |
0.2 |
0.3 |
0.5 |
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Total taxation |
0.1 |
0.2 |
0.2 |
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Net profit |
0.0 |
0.1 |
0.2 |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
0.8 |
0.8 |
0.7 |
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Provision for risks |
0.0 |
0.0 |
0.0 |
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Provision for pensions |
0.4 |
0.3 |
0.3 |
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Mortgages and loans |
0.1 |
0.3 |
0.4 |
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Trade creditors |
4.3 |
4.3 |
3.3 |
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Advances received |
8.6 |
7.1 |
5.4 |
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Bank loans and overdrafts |
0.1 |
0.2 |
0.2 |
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Other current liabilities |
0.5 |
0.6 |
0.5 |
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Accruals and deferred income |
0.0 |
0.0 |
0.0 |
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Total current liabilities |
13.6 |
12.2 |
9.4 |
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Total liabilities (including net worth) |
15.0 |
13.6 |
10.9 |
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Intangibles |
0.2 |
0.1 |
0.2 |
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Total tangible fixed assets |
0.4 |
0.3 |
0.2 |
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Long-term investments |
0.0 |
0.0 |
0.0 |
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Total financial assets |
0.0 |
0.0 |
0.0 |
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Receivables due after 1 year |
- |
0.0 |
0.0 |
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Total non-current assets |
0.5 |
0.4 |
0.5 |
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Work in progress |
2.4 |
3.5 |
2.0 |
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Finished goods |
1.2 |
0.9 |
0.8 |
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Net stocks and work in progress |
4.4 |
4.9 |
3.3 |
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Trade debtors |
5.2 |
5.7 |
3.9 |
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Other receivables |
1.5 |
0.9 |
0.8 |
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Cash and liquid assets |
3.1 |
1.5 |
2.3 |
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Accruals |
0.3 |
0.1 |
0.1 |
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Total current assets |
14.4 |
13.2 |
10.4 |
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Total assets |
15.0 |
13.6 |
10.9 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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 |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.10 |
1.10 |
1.10 |
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Quick ratio |
0.70 |
0.70 |
0.80 |
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Current liabilities to net worth |
0.16% |
0.15% |
0.13% |
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Sales per employee |
0.33 |
0.32 |
0.26 |
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Profit per employee |
0.00 |
0.01 |
0.01 |
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Average wage per employee |
0.05 |
0.05 |
0.04 |
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Net worth |
0.8 |
0.8 |
0.7 |
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Number of employees |
30 |
28 |
31 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.47 |
|
UK Pound |
1 |
Rs.87.63 |
|
Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.