MIRA INFORM REPORT

 

 

Report Date :

06.07.2012

 

IDENTIFICATION DETAILS

 

Name :

C M TANNERY MACHINES SPA

 

 

Registered Office :

Via Cristoforo Colombo 17, Santa Croce Sull'arno, 56029

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

22.07.1993

 

 

Com. Reg. No.:

04494380480

 

 

Legal Form :

Public Independent Company

 

 

Line of Business :

manufacturer of machinery for working soft rubber or plastics

 

 

No. of Employees :

26

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 & address  

 

C M Tannery Machines SpA

Via Cristoforo Colombo 17

Santa Croce Sull'arno, 56029

Italy

Tel:       +39 0571 30060

Fax:      +39 0571 34785

 

 

Registration data     

 

Employees:                  26

Company Type: Public Independent

Incorporation Date:         22-Jul-1993      

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:                7.6

Total Assets:                 6.3

 

 

Business Description     

 

C M TANNERY MACHINES SPA is primarily engaged in manufacture of machinery for working soft rubber or plastics or for the manufacture of products of these materials (extruders, moulders, pneumatic tyre making or retreading machines and other machines for making a specific rubber or plastic product); manufacture of printing and bookbinding machines; manufacture of machinery for producing tiles, bricks, shaped ceramic pastes, pipes, graphite electrodes, blackboard chalk, foundry moulds, etc.; manufacture of moulding boxes for any material; mould bases; moulding patterns; moulds; manufacture of dryers for wood, paper pulp, paper or paperboard; manufacture of centrifugal clothes dryers; manufacture of diverse special machinery and equipment (machines to assemble electric or electronic lamps, tubes (valves) or bulbs; machines for production or hot-working of glass or glassware, glass fibre or yarn; machinery or apparatus for isotopic separation; rope-making machinery, etc.); and manufacture of industrial robots for multiple uses.

 

Industry             

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    2499 - Other Machinery and Equipment Manufacturing Not Elsewhere Classified

NACE 2002:      2956 - Manufacture of other special purpose machinery not elsewhere classified

NAICS 2002:     333298 - All Other Industrial Machinery Manufacturing

UK SIC 2003:    2956 - Manufacture of other special purpose machinery not elsewhere classified

US SIC 1987:    3559 - Special Industry Machinery, Not Elsewhere Classified

 

           


 

Key Executives   

 

Name                           Title    

Ivo Mancini                    President         

 

Registered No.(ITA):       04494380480

 

 

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 Cristoforo Colombo 17

Santa Croce Sull'arno, 56029

Italy

Tel:       +39 0571 30060

Fax:      +39 0571 34785

           

Sales EUR(mil): 5.7

Assets EUR(mil):           4.7

Employees:                   26

Fiscal Year End:            31-Dec-2010

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         22-Jul-1993

Company Type:             Public Independent

Quoted Status:              Not Quoted

Registered No.(ITA):       04494380480

President:                     Ivo Mancini

 

Contents

·         Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

ANZSIC 2006 Codes:

3411     -          Agricultural and Construction Machinery Wholesaling

2499     -          Other Machinery and Equipment Manufacturing Not Elsewhere Classified

 

NACE 2002 Codes:

5182     -          Wholesale of mining, construction and civil engineering machinery

2956     -          Manufacture of other special purpose machinery not elsewhere classified

 

NAICS 2002 Codes:

333298  -          All Other Industrial Machinery Manufacturing

423810  -          Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers

 

US SIC 1987:

5082     -          Construction and Mining (Except Petroleum) Machinery and Equipment

3559     -          Special Industry Machinery, Not Elsewhere Classified

 

UK SIC 2003:

5182     -          Wholesale of mining, construction and civil engineering machinery

2956     -          Manufacture of other special purpose machinery not elsewhere classified

 

Business Description

C M TANNERY MACHINES SPA is primarily engaged in manufacture of machinery for working soft rubber or plastics or for the manufacture of products of these materials (extruders, moulders, pneumatic tyre making or retreading machines and other machines for making a specific rubber or plastic product); manufacture of printing and bookbinding machines; manufacture of machinery for producing tiles, bricks, shaped ceramic pastes, pipes, graphite electrodes, blackboard chalk, foundry moulds, etc.; manufacture of moulding boxes for any material; mould bases; moulding patterns; moulds; manufacture of dryers for wood, paper pulp, paper or paperboard; manufacture of centrifugal clothes dryers; manufacture of diverse special machinery and equipment (machines to assemble electric or electronic lamps, tubes (valves) or bulbs; machines for production or hot-working of glass or glassware, glass fibre or yarn; machinery or apparatus for isotopic separation; rope-making machinery, etc.); and manufacture of industrial robots for multiple uses.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

5.7

Assets:

4.7

Current Assets:

4.5

 

Total Liabilities:

4.7

 

Net Worth:

0.7

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

44.4%

NA

 

Key Corporate Relationships

Bank:

Banca Monte dei Paschi di Siena Ag

 

 

 

 

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Ivo Mancini

 

President

President

 

Federico Mancini

 

Managing director

Managing Director

 

Antonio Mancini

 

Managing director

Managing Director

 

 

 

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)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Total income

7.6

5.8

8.1

Net sales

7.6

5.5

7.3

Other operating income

0.1

0.2

0.1

Raw materials and consumables employed

3.5

2.3

3.3

Other expenses

2.3

1.6

2.4

Total payroll costs

1.6

1.6

1.8

Fixed asset depreciation and amortisation

0.1

0.2

0.2

Other operating costs

0.0

0.0

0.0

Net operating income

0.1

0.0

0.4

Total financial income

0.0

0.0

0.0

Total expenses

0.0

0.1

0.1

Profit before tax

0.1

-0.1

0.3

Extraordinary result

-

-

-0.1

Profit after extraordinary items and before tax

0.1

-0.1

0.1

Total taxation

0.1

0.0

0.1

Net profit

-

-

0.0

Net loss

-

0.1

-

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Total stockholders equity

0.9

1.0

0.9

Provision for pensions

0.6

0.6

0.5

Mortgages and loans

0.0

0.3

-

Other long-term liabilities

0.9

1.6

1.2

Trade creditors

2.5

2.2

-

Bank loans and overdrafts

0.3

0.8

-

Other current liabilities

1.1

0.4

3.0

Accruals and deferred income

0.1

0.1

0.1

Total current liabilities

3.9

3.6

3.1

Total liabilities (including net worth)

6.3

7.1

5.7

Intangibles

0.2

0.3

0.5

Total tangible fixed assets

0.0

0.1

0.1

Total financial assets

0.0

0.0

0.0

Receivables due after 1 year

0.0

0.1

0.0

Total non-current assets

0.3

0.5

0.6

Net stocks and work in progress

3.8

3.9

3.3

Trade debtors

2.1

2.3

-

Other receivables

0.1

0.2

1.5

Cash and liquid assets

0.1

0.2

0.2

Accruals

0.0

0.0

0.1

Total current assets

6.0

6.6

5.1

Total assets

6.3

7.1

5.7

 

 

Annual Ratios

Financials in: USD (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

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

1.60

1.90

1.70

Quick ratio

0.60

0.80

0.60

Current liabilities to net worth

0.04%

0.04%

0.04%

Sales per employee

-

0.10

0.18

Average wage per employee

-

0.03

0.04

Net worth

0.9

1.0

0.9

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.03

UK Pound

1

Rs.85.93

Euro

1

Rs.68.97

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.