MIRA INFORM REPORT

 

 

Report Date :           

22.02.2012

 

IDENTIFICATION DETAILS

 

Name :

MARMI LANZA SPA

 

 

Registered Office :

Via Passo Di Napoleone 372, Volargne, Dolce', 37020

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

26.09.1985

 

 

Com. Reg. No.:

01808940231

 

 

Legal Form :

Public Independent Company

 

 

Line of Business :

Subject is engaged in cutting, shaping and finishing stone for use in construction, in cemeteries, on roads, as roofing, etc.

 

 

No. of Employees :

95

 

RATING & COMMENTS

 

MIRA’s 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 30th, 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

 

XCompany name & address 

 

Marmi Lanza SpA

Via Passo Di Napoleone 372

Volargne

Dolce', 37020

Italy

Fax:      +39 0456 836097

 

 

Synthesis     

 

Employees:                  95

Company Type:            Public Independent

Incorporation Date:         26-Sep-1985    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               20.7

Total Assets:                35.0

 

 

Business Description     

 

Marmi Lanza SpA is primarily engaged in cutting, shaping and finishing stone for use in construction, in cemeteries, on roads, as roofing, etc.

 

Industry             

Industry            Construction - Raw Materials

ANZSIC 2006:    2090 - Other Non-Metallic Mineral Product Manufacturing

NACE 2002:      2670 - Cutting, shaping and finishing of ornamental and building stone

NAICS 2002:     327991 - Cut Stone and Stone Product Manufacturing

UK SIC 2003:    2670 - Cutting, shaping and finishing of ornamental and building stone

US SIC 1987:    3281 - Cut Stone and Stone Products

 

           

Key Executives   

 

Name

Title

Nereo Destri

Sole administrator

Pierfrancesco Maffezzoli

Manager

Arianna Destri

Executive

Massimiliano Destri

Executive

Sabrina Prodomi

Executive

 

 

Registered No.(ITA): 01808940231

 

 

Corporate Overview

 

Location

Via Passo Di Napoleone 372

Volargne

Dolce', 37020

Italy

Fax:      +39 0456 836097

 

 

Sales EUR(mil):             20.7

Assets EUR(mil):           35.0

Employees:                   95

Fiscal Year End:            31-Dec-2010

Industry:                        Construction - Raw Materials

Incorporation Date:         26-Sep-1985

Company Type:             Public Independent

Quoted Status:              Not Quoted

Registered No.(ITA):       01808940231

Sole administrator:         Nereo Destri

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

2090     -          Other Non-Metallic Mineral Product Manufacturing

 

NACE 2002 Codes:

2670     -          Cutting, shaping and finishing of ornamental and building stone

 

NAICS 2002 Codes:

327991  -          Cut Stone and Stone Product Manufacturing

 

US SIC 1987:

3281     -          Cut Stone and Stone Products

 

UK SIC 2003:

2670     -          Cutting, shaping and finishing of ornamental and building stone

 

Business Description

Marmi Lanza SpA is primarily engaged in cutting, shaping and finishing stone for use in construction, in cemeteries, on roads, as roofing, etc.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

20.7

Assets:

35.0

Current Assets:

20.9

 

Total Liabilities:

35.0

 

Net Worth:

8.6

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

-12.6%

NA

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Nereo Destri

 

Sole administrator

President

 

Arianna Destri

 

Executive

Other

 

Massimiliano Destri

 

Executive

Other

 

Pierfrancesco Maffezzoli

 

Manager

Other

 

Sabrina Prodomi

 

Executive

Other

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-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

23.1

26.5

24.8

Net sales

20.7

23.7

24.4

Other operating income

0.2

0.5

0.2

Raw materials and consumables employed

12.6

14.8

12.8

Other expenses

4.8

6.1

6.9

Total payroll costs

3.7

3.7

3.9

Fixed asset depreciation and amortisation

0.7

0.7

0.8

Other operating costs

0.3

0.2

0.3

Net operating income

1.0

1.0

0.1

Total financial income

-0.1

0.1

-0.1

Total expenses

0.7

0.9

2.4

Profit before tax

0.3

0.2

-2.4

Extraordinary result

-

-

2.6

Profit after extraordinary items and before tax

0.3

0.2

0.2

Total taxation

0.2

-0.1

0.2

Net profit

0.0

0.3

0.1

 

 

Annual Balance Sheet

 

Financials in: EUR (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

1

1

1

Consolidated

No

No

No

 

 

 

 

Total stockholders equity

8.6

8.6

8.3

Provision for risks

0.0

0.0

0.0

Provision for pensions

0.6

0.6

0.7

Mortgages and loans

15.1

9.3

10.8

Trade creditors

3.9

3.5

4.8

Bank loans and overdrafts

6.0

6.7

6.4

Other current liabilities

0.8

0.9

0.8

Accruals and deferred income

-

-

0.0

Total current liabilities

10.6

11.1

12.0

Total liabilities (including net worth)

35.0

29.7

31.8

Intangibles

0.1

0.3

0.4

Buildings

9.3

7.5

7.7

Total tangible fixed assets

11.8

8.9

9.4

Long-term investments

1.0

0.9

0.9

Total financial assets

1.4

1.4

1.4

Receivables due after 1 year

0.7

0.7

-

Loans to associated companies

0.5

0.4

0.4

Total non-current assets

14.1

11.2

11.1

Finished goods

13.1

11.0

10.4

Net stocks and work in progress

16.9

14.0

14.7

Trade debtors

3.6

3.9

5.1

Other receivables

0.4

0.4

0.5

Cash and liquid assets

0.0

0.0

0.0

Accruals

0.1

0.2

0.3

Total current assets

20.9

18.5

20.7

Total assets

35.0

29.7

31.8

 

Annual Ratios

 

Financials in: EUR (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-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

2.00

1.70

1.70

Quick ratio

0.40

0.40

0.50

Current liabilities to net worth

0.01%

0.01%

0.01%

Sales per employee

0.22

0.25

0.24

Profit per employee

0.00

0.00

0.00

Average wage per employee

0.04

0.04

0.04

Net worth

8.6

8.6

8.3

Number of employees

95

96

97

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.08

UK Pound

1

Rs.77.79

Euro

1

Rs.65.17

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.