MIRA
INFORM REPORT
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Report Date : |
11.02.2012 |
IDENTIFICATION DETAILS
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Name : |
FACCIN SRL |
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Registered Office : |
Via Dell' Industria 19 Visano, 25010 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
06.05.1977 |
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Com. Reg. No.: |
00897820171 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of other metalworking machine tools |
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No. of Employees : |
80 |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Faccin SRL
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Business
Description
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Faccin SRL is primarily engaged in manufacture of machine tools for
working metal operated by laser and the like: machining centres and the like;
manufacture of lathes, boring and milling machines for working metals;
manufacture of other machine tools for working metal; and manufacture of
parts and accessories for metalworking machine-tools. |
Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2463 - Machine Tool and Parts
Manufacturing |
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NACE 2002: |
2942 - Manufacture of other metalworking
machine tools |
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NAICS 2002: |
33351 - Metalworking Machinery
Manufacturing |
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UK SIC 2003: |
2942 - Manufacture of other metalworking
machine tools |
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US SIC 1987: |
3541 - Machine Tools, Metal Cutting Types |
Key Executives
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News
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Corporate Overview
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Executives Report
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News
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Australia
Patent: Research In Motion Files Application for 'Voice service in evolved
packet system' |
18-Jan-2012 |
|
Australia
Patent: Research In Motion Files Application for 'Voice service in evolved
packet system' |
16-Jan-2012 |
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Loss
put at over $443,000 in Madison County investment rift |
13-Jan-2012 |
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Madison
County officials bicker about bond sale |
12-Jan-2012 |
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Madison
County officials are at odds over change in investments |
28-Jul-2011 |
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County
auditor: Bond sales will cost Madison County $1.5 million |
27-Jul-2011 |
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Madison
County leaders say no to raises |
31-Aug-2011 |
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'One
small sacrifice': Madison County leaders decline pay raises |
30-Aug-2011 |
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Madison
County leaders decline pay raises |
30-Aug-2011 |
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County
auditor says he'll refuse his raise |
30-Aug-2011 |
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) |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Total income |
28.3 |
35.2 |
33.9 |
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Net sales |
28.3 |
35.6 |
34.7 |
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Other operating income |
0.1 |
0.2 |
0.0 |
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Raw materials and consumables employed |
13.8 |
13.0 |
18.5 |
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Other expenses |
8.1 |
13.4 |
9.7 |
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Total payroll costs |
3.3 |
3.9 |
3.2 |
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Fixed asset depreciation and amortisation |
0.3 |
0.5 |
0.2 |
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Other operating costs |
0.1 |
0.0 |
0.1 |
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Net operating income |
2.7 |
4.5 |
2.2 |
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Total financial income |
0.2 |
-0.1 |
0.1 |
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Total expenses |
0.1 |
0.1 |
0.1 |
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Profit before tax |
2.8 |
4.2 |
2.2 |
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Extraordinary result |
0.1 |
-0.2 |
0.1 |
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Profit after extraordinary items and before tax |
2.9 |
4.1 |
2.3 |
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Total taxation |
1.0 |
2.2 |
0.9 |
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Net profit |
1.8 |
1.9 |
1.4 |
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Annual Balance
Sheet |
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Financials in:
EUR (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 |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
6.1 |
5.3 |
4.4 |
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Provision for risks |
4.0 |
4.1 |
0.1 |
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Provision for pensions |
0.4 |
0.5 |
0.5 |
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Mortgages and loans |
- |
- |
0.1 |
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Trade creditors |
7.3 |
7.4 |
9.5 |
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Bank loans and overdrafts |
1.2 |
0.1 |
0.1 |
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Other current liabilities |
5.9 |
11.5 |
8.2 |
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Accruals and deferred income |
0.1 |
0.0 |
0.1 |
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Total current liabilities |
14.4 |
18.9 |
17.8 |
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Total liabilities (including net worth) |
24.9 |
28.8 |
22.9 |
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Intangibles |
0.3 |
0.3 |
0.2 |
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Total tangible fixed assets |
1.2 |
0.5 |
0.4 |
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Long-term investments |
0.2 |
0.0 |
0.0 |
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Total financial assets |
0.2 |
0.0 |
0.0 |
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Receivables due after 1 year |
6.2 |
0.7 |
0.2 |
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Total non-current assets |
7.8 |
1.5 |
0.8 |
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Finished goods |
3.6 |
3.7 |
4.3 |
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Net stocks and work in progress |
7.0 |
6.8 |
8.1 |
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Trade debtors |
6.5 |
10.4 |
6.2 |
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Other receivables |
2.0 |
1.2 |
3.2 |
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Cash and liquid assets |
1.3 |
8.6 |
4.5 |
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Accruals |
0.4 |
0.4 |
0.2 |
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Total current assets |
17.1 |
27.3 |
22.1 |
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Total assets |
24.9 |
28.8 |
22.9 |
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Annual Ratios |
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Financials in:
EUR (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 |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.20 |
1.40 |
1.20 |
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Quick ratio |
0.70 |
1.10 |
0.80 |
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Current liabilities to net worth |
0.02% |
0.04% |
0.04% |
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Sales per employee |
0.37 |
0.50 |
0.46 |
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Profit per employee |
0.04 |
0.06 |
0.03 |
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Average wage per employee |
0.04 |
0.06 |
0.04 |
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Net worth |
6.1 |
5.3 |
4.4 |
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Number of employees |
77 |
71 |
75 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.64 |
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1 |
Rs.78.35 |
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Euro |
1 |
Rs.65.79 |
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 |
-- |
This score serves as a reference to assess SCs 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.