MIRA
INFORM REPORT
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Report Date : |
13.02.2012 |
IDENTIFICATION DETAILS
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Name : |
BERNARDI GROUP SPA |
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Registered Office : |
VIa delle Industrie 1 Ronchis, 33050 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.06.1987 |
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Com. Reg. No.: |
00636420226 |
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Legal Form : |
Public Parent |
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Line of Business : |
Retail sale of clothing |
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No. of Employees : |
791 |
RATING & COMMENTS
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MIRAs 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 : |
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
Bernardi Group SpA
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Business
Description
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Bernardi Group SpA is primarily engaged in retail sale of adultsβ
fur and leather clothing; retail sale of childrenβs and infantsβ
clothing; retail sale of other womenβs clothing; and retail sale of
footwear and leather goods. |
Industry
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Industry |
Retail (Apparel) |
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ANZSIC 2006: |
4251 - Clothing Retailing |
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NACE 2002: |
5242 - Retail sale of clothing |
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NAICS 2002: |
448140 - Family Clothing Stores |
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UK SIC 2003: |
5242 - Retail sale of clothing |
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US SIC 1987: |
5651 - Family Clothing Stores |
Key Executives
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Corporate Overview
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Corporate Structure News
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Bernardi Group
SpA |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Ronchis, UD |
Italy |
Retail (Apparel) |
137.2 |
791 |
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Subsidiary |
Ronchis, Udine |
Italy |
Retail (Apparel) |
12.6 |
57 |
Executives Report
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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 |
140.1 |
132.4 |
140.5 |
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Net sales |
137.2 |
126.6 |
138.6 |
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Other operating income |
3.0 |
5.8 |
1.8 |
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Raw materials and consumables employed |
71.7 |
69.2 |
80.2 |
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Other expenses |
39.2 |
33.4 |
34.1 |
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Total payroll costs |
25.4 |
26.3 |
28.5 |
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Fixed asset depreciation and amortisation |
7.1 |
7.7 |
7.9 |
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Other operating costs |
1.3 |
1.3 |
2.1 |
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Net operating income |
-4.6 |
-5.4 |
-12.3 |
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Total financial income |
0.3 |
0.1 |
0.2 |
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Total expenses |
0.4 |
0.7 |
1.3 |
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Profit before tax |
-4.7 |
-6.0 |
-13.4 |
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Extraordinary result |
0.0 |
-0.3 |
-0.5 |
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Profit after extraordinary items and before tax |
-4.7 |
-6.4 |
-13.8 |
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Total taxation |
0.3 |
-0.9 |
-2.8 |
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Net loss |
4.9 |
5.5 |
11.1 |
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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 |
29.3 |
34.2 |
29.7 |
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Provision for risks |
0.5 |
0.7 |
0.6 |
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Provision for pensions |
5.3 |
5.3 |
5.6 |
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Mortgages and loans |
- |
- |
0.5 |
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Trade creditors |
36.4 |
21.1 |
26.8 |
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Bank loans and overdrafts |
2.6 |
0.6 |
2.1 |
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Other current liabilities |
12.4 |
21.0 |
19.8 |
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Accruals and deferred income |
1.3 |
0.9 |
1.0 |
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Total current liabilities |
52.7 |
43.6 |
49.7 |
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Total liabilities (including net worth) |
87.8 |
83.8 |
86.2 |
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Intangibles |
4.7 |
7.4 |
7.6 |
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Buildings |
2.1 |
2.2 |
2.4 |
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Total tangible fixed assets |
13.3 |
15.5 |
18.5 |
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Long-term investments |
10.7 |
10.8 |
10.0 |
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Total financial assets |
10.7 |
10.8 |
10.0 |
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Receivables due after 1 year |
1.2 |
0.8 |
1.1 |
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Total non-current assets |
29.9 |
34.5 |
37.3 |
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Finished goods |
33.3 |
28.5 |
28.6 |
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Net stocks and work in progress |
33.7 |
28.5 |
28.6 |
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Trade debtors |
2.8 |
4.9 |
2.1 |
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Other receivables |
11.8 |
9.5 |
11.4 |
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Cash and liquid assets |
8.8 |
5.3 |
5.7 |
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Accruals |
0.9 |
1.1 |
1.1 |
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Total current assets |
58.0 |
49.3 |
48.9 |
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Total assets |
87.8 |
83.8 |
86.2 |
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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 |
1.10 |
1.10 |
1.00 |
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Quick ratio |
0.50 |
0.50 |
0.40 |
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Current liabilities to net worth |
0.02% |
0.01% |
0.02% |
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Sales per employee |
0.12 |
0.13 |
0.13 |
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Profit per employee |
0.00 |
-0.01 |
-0.01 |
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Average wage per employee |
0.02 |
0.03 |
0.03 |
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Net worth |
29.3 |
34.2 |
29.7 |
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Number of employees |
1,131 |
1,005 |
1,015 |
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 |
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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.