MIRA
INFORM REPORT
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Report Date : |
20.02.2012 |
IDENTIFICATION DETAILS
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Name : |
MCM MAGELLANO COMPAGNIA MERCANTILE SPA |
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Registered Office : |
Via Torricelli 28 Ozzero, 20080 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
10.09.1974 |
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Com. Reg. No.: |
02028300156 |
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Legal Form : |
Public Independent |
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Line of Business : |
Wholesale of other electronic parts and equipment |
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No. of Employees : |
9 |
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
Mcm Magellano Compagnia Mercantile SpA
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Business
Description
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Mcm Magellano Compagnia Mercantile SpA is primarily engaged in
wholesale of other electronic parts and equipment. |
Industry
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Industry |
Electronic Instruments and Controls |
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ANZSIC 2006: |
3494 - Other Electrical and Electronic
Goods Wholesaling |
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NACE 2002: |
5186 - Wholesale of other electronic parts
and equipment |
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NAICS 2002: |
4236 - Electrical and Electronic Goods
Merchant Wholesalers |
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UK SIC 2003: |
5186 - Wholesale of other electronic parts
and equipment |
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US SIC 1987: |
5065 - Electronic Parts and Equipment, Not
Elsewhere Classified |
Key Executives
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Corporate Overview
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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 |
9.5 |
9.3 |
10.8 |
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Net sales |
9.5 |
9.3 |
10.8 |
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Other operating income |
0.0 |
0.0 |
0.1 |
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Raw materials and consumables employed |
7.7 |
7.6 |
8.9 |
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Other expenses |
0.8 |
0.9 |
1.0 |
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Total payroll costs |
0.5 |
0.4 |
0.4 |
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Fixed asset depreciation and amortisation |
0.1 |
0.1 |
0.1 |
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Other operating costs |
0.1 |
0.1 |
0.1 |
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Net operating income |
0.3 |
0.3 |
0.4 |
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Total financial income |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.0 |
0.0 |
0.0 |
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Profit before tax |
0.3 |
0.3 |
0.4 |
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Extraordinary result |
0.0 |
0.0 |
0.0 |
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Profit after extraordinary items and before tax |
0.3 |
0.3 |
0.4 |
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Total taxation |
0.1 |
0.1 |
0.1 |
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Net profit |
0.1 |
0.2 |
0.3 |
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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 |
2.9 |
2.7 |
2.8 |
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Provision for risks |
0.0 |
0.0 |
0.0 |
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Provision for pensions |
0.2 |
0.2 |
0.2 |
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Other long-term liabilities |
0.2 |
0.2 |
0.2 |
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Trade creditors |
1.9 |
1.8 |
1.6 |
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Other current liabilities |
0.4 |
0.3 |
0.5 |
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Accruals and deferred income |
0.0 |
0.0 |
0.0 |
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Total current liabilities |
2.3 |
2.1 |
2.1 |
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Total liabilities (including net worth) |
5.6 |
5.2 |
5.3 |
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Intangibles |
- |
0.0 |
0.0 |
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Buildings |
1.1 |
1.1 |
1.1 |
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Total tangible fixed assets |
1.2 |
1.2 |
1.2 |
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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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Loans to associated companies |
0.0 |
0.0 |
0.0 |
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Total non-current assets |
1.2 |
1.2 |
1.2 |
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Finished goods |
0.0 |
0.0 |
0.0 |
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Net stocks and work in progress |
0.0 |
0.0 |
0.0 |
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Trade debtors |
2.7 |
2.9 |
2.5 |
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Other receivables |
0.2 |
0.1 |
0.2 |
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Cash and liquid assets |
1.5 |
0.9 |
1.4 |
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Accruals |
0.0 |
- |
0.0 |
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Total current assets |
4.4 |
4.0 |
4.1 |
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Total assets |
5.6 |
5.2 |
5.3 |
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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 |
1.90 |
1.90 |
1.90 |
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Quick ratio |
1.90 |
1.90 |
1.90 |
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Current liabilities to net worth |
0.01% |
0.01% |
0.01% |
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Sales per employee |
1.05 |
1.16 |
1.20 |
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Profit per employee |
0.03 |
0.03 |
0.05 |
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Average wage per employee |
0.06 |
0.05 |
0.05 |
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Net worth |
2.9 |
2.7 |
2.8 |
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Number of employees |
9 |
8 |
8 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.21 |
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1 |
Rs.77.75 |
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Euro |
1 |
Rs.64.58 |
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.