MIRA
INFORM REPORT
|
Report Date : |
17.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
ENERGY COAL SPA |
|
|
|
|
Registered Office : |
Via San Vincenzo 2 Genova, 16121 |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
30.06.2010 |
|
|
|
|
Date of Incorporation : |
01.04.1997 |
|
|
|
|
Com. Reg. No.: |
03647280100 |
|
|
|
|
Legal Form : |
Public Subsidiary |
|
|
|
|
Line of Business : |
Wholesale of metals and ores |
|
|
|
|
No. of Employees : |
27 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
Energy Coal SpA
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||
Business
Description
|
Energy Coal SpA is primarily engaged in wholesale of petroleum and petroleum
products; and wholesale of other fuels and related products. |
Industry
|
Industry |
Miscellaneous Capital Goods |
|
ANZSIC 2006: |
3322 - Metal and Mineral Wholesaling |
|
NACE 2002: |
5152 - Wholesale of metals and ores |
|
NAICS 2002: |
423520 - Coal and Other Mineral and Ore
Merchant Wholesalers |
|
UK SIC 2003: |
5152 - Wholesale of metals and ores |
|
US SIC 1987: |
5052 - Coal and Other Minerals and Ores |
Key Executives
|
News
|
Corporate Overview
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate Structure News
|
Energy Coal SpA |
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
ICE HOLDING SRL |
Parent |
|
|
|
|
|
|
Subsidiary |
Cairo Montenotte, Savona |
Italy |
Construction - Raw Materials |
179.5 |
213 |
|
|
Subsidiary |
Genova, GE |
Italy |
Miscellaneous Capital Goods |
230.7 |
27 |
Executives Report
|
Annual
Profit & Loss
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
238.4 |
371.7 |
113.9 |
|
Net sales |
230.7 |
366.7 |
112.7 |
|
Other operating income |
7.8 |
5.0 |
1.2 |
|
Raw materials and consumables employed |
169.6 |
266.9 |
80.2 |
|
Other expenses |
62.2 |
90.2 |
30.1 |
|
Total payroll costs |
1.9 |
2.2 |
0.7 |
|
Fixed asset depreciation and amortisation |
0.1 |
3.3 |
0.1 |
|
Other operating costs |
0.4 |
0.7 |
0.1 |
|
Net operating income |
4.1 |
8.4 |
2.7 |
|
Total financial income |
-1.0 |
0.0 |
0.4 |
|
Total expenses |
2.7 |
5.1 |
1.3 |
|
Profit before tax |
0.5 |
3.3 |
1.7 |
|
Extraordinary result |
0.4 |
-3.2 |
-0.7 |
|
Profit after extraordinary items and before tax |
0.9 |
0.2 |
1.0 |
|
Total taxation |
-0.2 |
-0.6 |
0.3 |
|
Net profit |
1.1 |
0.8 |
0.7 |
|
Annual Balance
Sheet |
|
Financials in:
EUR (mil) |
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total stockholders equity |
18.4 |
17.6 |
11.5 |
|
Provision for risks |
1.3 |
1.9 |
0.5 |
|
Provision for pensions |
0.5 |
0.7 |
0.7 |
|
Mortgages and loans |
0.2 |
0.3 |
1.2 |
|
Trade creditors |
27.9 |
19.5 |
40.7 |
|
Bank loans and overdrafts |
97.0 |
87.2 |
97.0 |
|
Other current liabilities |
17.4 |
29.7 |
20.8 |
|
Accruals and deferred income |
0.3 |
0.2 |
0.3 |
|
Total current liabilities |
142.6 |
136.6 |
158.7 |
|
Total liabilities (including net worth) |
162.9 |
157.0 |
172.6 |
|
Intangibles |
0.4 |
1.2 |
1.2 |
|
Total tangible fixed assets |
0.0 |
0.0 |
0.0 |
|
Long-term investments |
20.6 |
19.8 |
16.6 |
|
Total financial assets |
34.0 |
28.3 |
22.9 |
|
Loans to associated companies |
10.8 |
5.9 |
3.1 |
|
Total non-current assets |
34.4 |
29.5 |
24.1 |
|
Finished goods |
23.0 |
36.7 |
- |
|
Net stocks and work in progress |
23.0 |
36.7 |
42.3 |
|
Trade debtors |
54.1 |
37.0 |
67.7 |
|
Other receivables |
47.7 |
50.6 |
35.5 |
|
Cash and liquid assets |
3.2 |
2.8 |
2.6 |
|
Accruals |
0.5 |
0.4 |
0.4 |
|
Total current assets |
128.5 |
127.6 |
148.5 |
|
Total assets |
162.9 |
157.0 |
172.6 |
|
|
|
Annual Ratios |
|
Financials in:
EUR (mil) |
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
0.90 |
0.90 |
0.90 |
|
Quick ratio |
0.70 |
0.70 |
0.70 |
|
Current liabilities to net worth |
0.08% |
0.08% |
0.14% |
|
Sales per employee |
9.23 |
13.10 |
4.03 |
|
Profit per employee |
0.04 |
0.01 |
0.04 |
|
Average wage per employee |
0.08 |
0.08 |
0.03 |
|
Net worth |
18.4 |
17.6 |
11.5 |
|
Number of employees |
25 |
28 |
28 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.25 |
|
|
1 |
Rs.77.45 |
|
Euro |
1 |
Rs.64.89 |
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 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.