MIRA INFORM
REPORT
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Report Date : |
27.01.2012 |
IDENTIFICATION DETAILS
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Name : |
CERAMICHE ATLAS CONCORDE SPA |
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Registered Office : |
Via Canaletto 141 Fiorano Modenese, 41040 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
09.10.1980 |
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Com. Reg. No.: |
01282550365 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Manufacture of ceramic tiles and flags |
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No. of Employees : |
637 |
RATING & COMMENTS
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MIRAs Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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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
Ceramiche Atlas Concorde SpA
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Business
Description
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Ceramiche Atlas Concorde SpA is primarily engaged in manufacture of
non-refractory ceramic hearth or wall tiles, mosaic cubes, etc.; and
manufacture of non-refractory ceramic flags and paving. |
Industry
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Industry |
Construction - Supplies and Fixtures |
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ANZSIC 2006: |
2029 - Other Ceramic Product Manufacturing
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NACE 2002: |
2630 - Manufacture of ceramic tiles and
flags |
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NAICS 2002: |
327122 - Ceramic Wall and Floor Tile
Manufacturing |
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UK SIC 2003: |
2630 - Manufacture of ceramic tiles and
flags |
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US SIC 1987: |
3253 - Ceramic Wall and Floor Tile |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Corporate Structure News
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Ceramiche Atlas
Concorde SpA |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Spezzano di Fiorano, MO |
Italy |
Construction - Supplies and Fixtures |
13.6 |
76 |
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Subsidiary |
Fiorano Modenese, MO |
Italy |
Construction - Supplies and Fixtures |
263.7 |
637 |
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Subsidiary |
Laveyron |
France |
Construction - Supplies and Fixtures |
47.5 |
145 |
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Subsidiary |
Fiorano Modenese |
Italy |
Construction - Supplies and Fixtures |
178.3 |
458 |
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Subsidiary |
Pavullo, MO |
Italy |
Construction - Supplies and Fixtures |
124.4 |
301 |
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Subsidiary |
Sassuolo |
Italy |
Construction - Supplies and Fixtures |
90.3 |
241 |
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Subsidiary |
Casalgrande |
Italy |
Construction - Supplies and Fixtures |
73.5 |
198 |
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Subsidiary |
Fiorano Modenese |
Italy |
Construction - Supplies and Fixtures |
29.5 |
39 |
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Subsidiary |
Sestu |
Italy |
Construction - Raw Materials |
8.3 |
17 |
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Subsidiary |
Roncegno Terme |
Italy |
Construction - Raw Materials |
2.5 |
2 |
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Subsidiary |
Fiorano Modenese |
Italy |
Engineering Consultants |
0.0 |
1 |
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) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
273.8 |
255.6 |
366.2 |
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Net sales |
263.7 |
259.3 |
357.7 |
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Other operating income |
3.7 |
4.9 |
8.5 |
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Raw materials and consumables employed |
97.1 |
86.9 |
132.3 |
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Other expenses |
75.8 |
73.9 |
109.1 |
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Total payroll costs |
47.3 |
45.8 |
52.6 |
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Fixed asset depreciation and amortisation |
11.8 |
11.2 |
11.0 |
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Other operating costs |
4.0 |
3.8 |
4.4 |
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Net operating income |
37.9 |
34.0 |
56.9 |
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Total financial income |
3.8 |
2.0 |
4.7 |
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Total expenses |
1.0 |
2.4 |
4.5 |
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Profit before tax |
40.7 |
33.6 |
57.1 |
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Extraordinary result |
0.4 |
2.3 |
-5.8 |
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Profit after extraordinary items and before tax |
41.1 |
35.9 |
51.3 |
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Total taxation |
13.6 |
12.3 |
17.1 |
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Net profit |
27.5 |
23.6 |
34.2 |
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Annual Balance
Sheet |
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Financials in:
USD (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 |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
203.2 |
196.0 |
171.9 |
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Provision for risks |
5.5 |
6.0 |
5.8 |
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Provision for pensions |
9.4 |
11.1 |
11.9 |
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Mortgages and loans |
46.9 |
60.1 |
50.7 |
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Other long-term liabilities |
2.1 |
4.4 |
4.5 |
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Trade creditors |
74.0 |
59.0 |
61.0 |
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Bank loans and overdrafts |
9.4 |
7.3 |
9.8 |
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Other current liabilities |
20.0 |
15.8 |
57.2 |
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Accruals and deferred income |
0.9 |
0.8 |
1.2 |
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Total current liabilities |
104.3 |
82.9 |
129.1 |
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Total liabilities (including net worth) |
371.4 |
360.5 |
373.9 |
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Intangibles |
0.1 |
0.2 |
0.2 |
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Buildings |
68.7 |
74.8 |
62.0 |
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Total tangible fixed assets |
101.0 |
112.1 |
99.8 |
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Long-term investments |
49.8 |
53.2 |
35.3 |
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Total financial assets |
79.3 |
95.0 |
94.8 |
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Receivables due after 1 year |
5.4 |
5.5 |
6.1 |
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Loans to associated companies |
29.5 |
41.8 |
59.5 |
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Total non-current assets |
185.8 |
212.8 |
200.9 |
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Finished goods |
49.7 |
46.2 |
53.4 |
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Net stocks and work in progress |
56.7 |
52.5 |
65.0 |
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Trade debtors |
75.4 |
73.9 |
77.0 |
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Other receivables |
21.7 |
10.1 |
23.1 |
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Cash and liquid assets |
31.2 |
10.1 |
6.8 |
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Accruals |
0.6 |
1.1 |
1.2 |
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Total current assets |
185.6 |
147.7 |
173.0 |
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Total assets |
371.4 |
360.5 |
373.9 |
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Annual Ratios |
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Financials in:
USD (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 |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.80 |
1.80 |
1.30 |
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Quick ratio |
1.20 |
1.10 |
0.80 |
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Current liabilities to net worth |
0.01% |
0.00% |
0.01% |
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Sales per employee |
0.34 |
0.29 |
0.39 |
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Profit per employee |
0.05 |
0.04 |
0.05 |
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Average wage per employee |
0.06 |
0.05 |
0.06 |
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Net worth |
203.2 |
196.0 |
171.9 |
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Number of employees |
581 |
637 |
643 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.02 |
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1 |
Rs.78.05 |
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Euro |
1 |
Rs.65.13 |
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.