MIRA
INFORM REPORT
|
Report Date : |
17.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
CENSI CEREALI SRL |
|
|
|
|
Registered Office : |
Via Caduti Di Nassiriya 21/23, Zibello, 43010 |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
05.07.1978 |
|
|
|
|
Com. Reg. No.: |
00562980342 |
|
|
|
|
Legal Form : |
Private Independent Company |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale of grain, seeds and animal feeds. |
|
|
|
|
No. of Employees : |
09 employees |
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 : |
Slow but Correct |
|
|
|
|
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) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 & address
Censi Cereali SRL
Via Caduti Di Nassiriya 21/23
Zibello, 43010
Italy
Fax: +39 0524 99739
Synthesis
Employees: 09
Company Type: Private Independent
Incorporation Date:
05-Jul-1978
Financials in: USD
(Millions)
Fiscal Year End:
30-Jun-2011
Reporting Currency: Euro
Annual Sales: 19.0
Total Assets: 13.3
Business Description
Censi Cereali SRL is primarily engaged in wholesale of grain, seeds and animal feeds. This class also includes: wholesale of seed potatoes; wholesale of feed for farm animals; and wholesale of material, residues and by-products used for animal feed.
Industry
Industry Crops
ANZSIC 2006: 3312 - Cereal Grain
Wholesaling
NACE 2002: 5121 - Wholesale of
grain, seeds and animal feeds
NAICS 2002: 424510 - Grain and
Field Bean Merchant Wholesalers
UK SIC 2003: 5121 - Wholesale
of grain, seeds and animal feeds
UK SIC 2007: 4621 - Wholesale
of grain, unmanufactured tobacco, seeds and animal feeds
US SIC 1987: 5153 - Grain and
Field Beans
Key Executives
Name Title
Rosandra Termenini Sole
administrator
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7347003
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6897265
Corporate Overview
Location
Via Caduti Di Nassiriya 21/23
Zibello, 43010
Italy
Fax: +39 0524 99739
Sales EUR(mil): 13.9
Assets EUR(mil): 9.2
Employees: 11
Fiscal Year End: 30-Jun-2011
Industry: Crops
Incorporation Date: 05-Jul-1978
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(ITA): 00562980342
Sole administrator: Rosandra
Termenini
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3312 - Cereal Grain Wholesaling
6921 - Architectural Services
NACE 2002 Codes:
5121 - Wholesale of grain, seeds and animal feeds
0141 - Agricultural service activities; landscape gardening
NAICS 2002 Codes:
424510 - Grain and Field Bean Merchant Wholesalers
541320 - Landscape Architectural Services
US SIC 1987:
5153 - Grain and Field Beans
078 - Landscape and Horticultural Services
UK SIC 2003:
5121 - Wholesale of grain, seeds and animal feeds
0141 - Agricultural service activities; landscape gardening
UK SIC 2007:
4621 - Wholesale of grain, unmanufactured tobacco, seeds and
animal feeds
0161 - Support activities for crop production
Business
Description
Censi Cereali SRL is primarily engaged in wholesale of grain, seeds and
animal feeds. This class also includes: wholesale of seed potatoes; wholesale
of feed for farm animals; and wholesale of material, residues and by-products
used for animal feed.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Executive report
|
Executives |
|
|
|
|
||||
|
Sole administrator |
President |
D |
Annual Profit & Loss
|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.7347 |
0.721483 |
0.731067 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
19.0 |
13.2 |
14.3 |
|
Net sales |
19.0 |
13.1 |
14.3 |
|
Other operating income |
0.0 |
0.1 |
0.0 |
|
Raw materials and consumables employed |
16.7 |
11.1 |
12.2 |
|
Other expenses |
1.1 |
0.9 |
1.0 |
|
Total payroll costs |
0.5 |
0.5 |
0.5 |
|
Fixed asset depreciation and amortisation |
0.4 |
0.4 |
0.2 |
|
Other operating costs |
0.1 |
0.1 |
0.1 |
|
Net operating
income |
0.1 |
0.2 |
0.3 |
|
Total financial
income |
0.0 |
- |
0.0 |
|
Total expenses |
0.1 |
0.0 |
0.1 |
|
Profit before tax |
0.1 |
0.1 |
0.2 |
|
Extraordinary result |
- |
0.0 |
- |
|
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 |
0.1 |
|
Net loss |
0.0 |
- |
- |
Annual Balance
Sheet
Financials in: USD (mil)
|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
|
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.689727 |
0.816393 |
0.712936 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total stockholders
equity |
4.2 |
3.5 |
4.0 |
|
Provision for pensions |
0.3 |
0.2 |
0.2 |
|
Mortgages and loans |
0.5 |
- |
- |
|
Trade creditors |
5.5 |
3.8 |
3.9 |
|
Bank loans and overdrafts |
2.7 |
2.0 |
1.7 |
|
Other current liabilities |
0.1 |
0.1 |
0.2 |
|
Accruals and deferred income |
0.2 |
0.1 |
0.1 |
|
Total current
liabilities |
8.4 |
6.0 |
5.9 |
|
Total
liabilities (including net worth) |
13.3 |
9.7 |
10.1 |
|
Intangibles |
0.1 |
0.0 |
0.0 |
|
Buildings |
4.1 |
3.5 |
4.0 |
|
Total tangible
fixed assets |
5.3 |
4.6 |
5.5 |
|
Total
non-current assets |
5.4 |
4.6 |
5.5 |
|
Finished goods |
2.6 |
1.9 |
2.1 |
|
Net stocks and work in progress |
2.6 |
1.9 |
2.1 |
|
Trade debtors |
4.8 |
2.9 |
2.2 |
|
Other receivables |
0.5 |
0.2 |
0.2 |
|
Accruals |
0.0 |
0.0 |
0.0 |
|
Total current
assets |
7.9 |
5.1 |
4.6 |
|
Total assets |
13.3 |
9.7 |
10.1 |
Annual Ratios
Financials in: USD (mil)
|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.689727 |
0.816393 |
0.712936 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.00 |
0.90 |
0.80 |
|
Quick ratio |
0.60 |
0.50 |
0.40 |
|
Current liabilities to net worth |
0.02% |
0.02% |
0.02% |
|
Sales per employee |
1.55 |
1.18 |
1.16 |
|
Profit per employee |
0.01 |
0.01 |
0.01 |
|
Average wage per employee |
0.04 |
0.04 |
0.04 |
|
Net worth |
4.2 |
3.5 |
4.0 |
|
Number of employees |
9 |
8 |
9 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.