MIRA
INFORM REPORT
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Report Date : |
06.07.2012 |
IDENTIFICATION DETAILS
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Name : |
ALETTI GIOVANNI & FIGLI SRL |
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Registered Office : |
Via Gianbattista Tiepolo 14, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.09.1947 |
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Com. Reg. No.: |
00197070121 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
manufacturer
of textile machinery |
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No. of Employees : |
14 |
RATING & COMMENTS
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MIRA’s 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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 & address
Aletti Giovanni & Figli SRL
Via Gianbattista Tiepolo 14
Varese, 21100
Italy
Tel: +39 0332 334664
Fax: +39 0332 331917
Registration data
Employees: 14
Company Type: Private Independent
Incorporation Date:
01-Sep-1947
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 3.1
Total Assets: 2.4
Business Description
ALETTI GIOVANNI & FIGLI SRL is primarily engaged in manufacture of textile machinery (machines for preparing, producing, extruding, drawing, texturing or cutting man-made textile fibres, materials or yarns; machines for preparing textile fibres: cotton gins, bale breakers, garnetters, cotton spreaders, wool scourers, wool carbonisers, combs, carders, roving frames, etc.; spinning machines; machines for preparing textile yarns: reelers, warpers and related machines; weaving machines (looms) including hand looms; knitting machines; machines for making knotted net, tulle, lace, braid, etc.); manufacture of auxiliary machines or equipment for textile machinery (dobbies, Jacquards, automatic stop motions, shuttle changing mechanisms, spindles and spindle flyers, etc.); manufacture of machinery for fabric processing (machinery for washing, bleaching, dyeing, dressing, finishing, coating or impregnating textile fabrics; manufacture of machines for reeling, unreeling, folding, cutting or pinking textile fabrics); manufacture of laundry machinery (ironing machines including fusing presses; laundry-type washing and drying machines; dry cleaning machines); manufacture of sewing machines, sewing machine heads and sewing machine needles; manufacture of machines for producing or finishing felt or nonwovens; manufacture of leather machines (machinery for preparing, tanning or working hides, skins or leather; and machinery for making or repairing footwear or other articles of hides, skins, leather or furskins).
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2469 - Other
Specialised Machinery and Equipment Manufacturing
NACE 2002: 2954 - Manufacture
of machinery for textile, apparel and leather production
NAICS 2002: 333292 - Textile
Machinery Manufacturing
UK SIC 2003: 2954 - Manufacture
of machinery for textile, apparel and leather production
US SIC 1987: 3552 - Textile
Machinery
Key
Executives
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Name |
Title |
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Marco Aletti |
President |
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Carlo Aletti |
Vice president |
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Ezio Aletti |
Executive |
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Rosita Manto |
Member of the board |
Registered No.(ITA): 00197070121
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
Via Gianbattista Tiepolo 14
Varese, 21100
Italy
Tel: +39 0332 334664
Fax: +39 0332 331917
Sales EUR(mil): 2.3
Assets EUR(mil): 1.8
Employees: 14
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous
Capital Goods
Incorporation Date: 01-Sep-1947
Company Type: Private Independent
Quoted Status: Not
Quoted
Registered No.(ITA): 00197070121
President: Marco
Aletti
Contents
· Industry Codes
Business
Description
Financial
Data
Key
Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
2469 - Other Specialised Machinery and Equipment Manufacturing
NACE 2002 Codes:
2954 - Manufacture of machinery for textile, apparel and leather
production
2956 - Manufacture of other special purpose machinery not
elsewhere classified
NAICS 2002 Codes:
333292 - Textile Machinery Manufacturing
333298 - All Other Industrial Machinery Manufacturing
US SIC 1987:
3569 - General Industrial Machinery and Equipment, Not Elsewhere
Classified
3552 - Textile Machinery
UK SIC 2003:
2954 - Manufacture of machinery for textile, apparel and leather
production
2956 - Manufacture of other special purpose machinery not
elsewhere classified
Business
Description
ALETTI GIOVANNI
& FIGLI SRL is primarily engaged in manufacture of textile machinery
(machines for preparing, producing, extruding, drawing, texturing or cutting
man-made textile fibres, materials or yarns; machines for preparing textile
fibres: cotton gins, bale breakers, garnetters, cotton spreaders, wool
scourers, wool carbonisers, combs, carders, roving frames, etc.; spinning
machines; machines for preparing textile yarns: reelers, warpers and related
machines; weaving machines (looms) including hand looms; knitting machines;
machines for making knotted net, tulle, lace, braid, etc.); manufacture of
auxiliary machines or equipment for textile machinery (dobbies, Jacquards,
automatic stop motions, shuttle changing mechanisms, spindles and spindle
flyers, etc.); manufacture of machinery for fabric processing (machinery for
washing, bleaching, dyeing, dressing, finishing, coating or impregnating
textile fabrics; manufacture of machines for reeling, unreeling, folding,
cutting or pinking textile fabrics); manufacture of laundry machinery (ironing
machines including fusing presses; laundry-type washing and drying machines;
dry cleaning machines); manufacture of sewing machines, sewing machine heads
and sewing machine needles; manufacture of machines for producing or finishing
felt or nonwovens; manufacture of leather machines (machinery for preparing,
tanning or working hides, skins or leather; and machinery for making or
repairing footwear or other articles of hides, skins, leather or furskins).
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Executive report
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Board of Directors |
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Member of the board |
Director/Board Member |
D |
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Executives |
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President |
President |
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Vice president |
Other |
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Executive |
Other |
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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 |
3.6 |
2.0 |
4.4 |
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Net sales |
3.1 |
2.1 |
4.5 |
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Other operating income |
0.2 |
0.0 |
0.0 |
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Raw materials and consumables employed |
1.6 |
0.7 |
2.2 |
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Other expenses |
0.6 |
0.4 |
0.9 |
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Total payroll costs |
1.0 |
0.8 |
1.4 |
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Fixed asset depreciation and amortisation |
0.1 |
0.2 |
0.0 |
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Other operating costs |
0.1 |
0.0 |
0.1 |
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Net operating
income |
0.2 |
-0.2 |
-0.3 |
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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 |
0.2 |
-0.2 |
-0.3 |
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Extraordinary result |
-0.1 |
0.1 |
0.3 |
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Profit after extraordinary items and
before tax |
0.1 |
-0.1 |
0.0 |
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Total taxation |
0.1 |
0.0 |
0.0 |
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Net profit |
0.0 |
- |
- |
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Net loss |
- |
0.0 |
0.1 |
Annual Balance
Sheet
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 |
0.2 |
2.6 |
2.6 |
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Provision for risks |
0.1 |
- |
- |
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Provision for pensions |
0.4 |
0.4 |
0.3 |
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Mortgages and loans |
- |
0.2 |
0.1 |
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Trade creditors |
1.0 |
0.4 |
0.9 |
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Bank loans and overdrafts |
0.4 |
0.4 |
0.2 |
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Other current liabilities |
0.3 |
0.2 |
0.2 |
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Accruals and deferred income |
0.1 |
0.1 |
0.1 |
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Total current
liabilities |
1.7 |
1.1 |
1.5 |
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Total
liabilities (including net worth) |
2.4 |
4.3 |
4.5 |
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Intangibles |
0.2 |
0.3 |
0.0 |
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Buildings |
- |
2.4 |
2.4 |
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Total tangible
fixed assets |
0.0 |
2.5 |
2.5 |
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Receivables due after 1 year |
0.1 |
0.2 |
0.2 |
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Total
non-current assets |
0.4 |
3.0 |
2.6 |
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Work in progress |
- |
- |
0.7 |
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Finished goods |
0.3 |
0.1 |
0.0 |
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Net stocks and work in progress |
1.3 |
0.9 |
1.1 |
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Trade debtors |
0.3 |
0.2 |
0.6 |
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Other receivables |
0.1 |
0.1 |
0.0 |
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Cash and liquid assets |
0.3 |
0.1 |
0.1 |
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Accruals |
0.0 |
0.0 |
0.0 |
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Total current
assets |
2.0 |
1.3 |
1.9 |
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Total assets |
2.4 |
4.3 |
4.5 |
Annual Ratios
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 |
1.20 |
1.20 |
1.30 |
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Quick ratio |
0.40 |
0.40 |
0.50 |
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Current liabilities to net worth |
0.09% |
0.00% |
0.01% |
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Sales per employee |
0.15 |
0.10 |
0.17 |
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Average wage per employee |
0.05 |
0.04 |
0.05 |
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Net worth |
0.2 |
2.6 |
2.6 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.03 |
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UK Pound |
1 |
Rs.85.93 |
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Euro |
1 |
Rs.68.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.