MIRA INFORM REPORT

 

 

Report Date :

12.07.2012

 

IDENTIFICATION DETAILS

 

Name :

M +E MACCHINE+ ENGINEERING SRL

 

 

Registered Office :

Via Grossi T. 3/5 Dervio, 23824

 

 

Country :

Italy

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

05.09.2005

 

 

Com. Reg. No.:

02913810137

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Manufacture of machine tools for working stone, wood and similar hard material

 

 

No. of Employees :

31

 

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 and address

 

Top of Form

Bottom of Form

M +E Macchine+ Engineering SRL

                                                                                                                                                    

 

Via Grossi T. 3/5

 

 

Dervio, 23824

Italy

 

Tel:

+39 0341 851378

Fax:

+39 0341 806002

 

 

 

Employees:

31

Company Type:

Private Subsidiary

Corporate Family:

2 Companies

Ultimate Parent:

F.C. SRL

 

 

Incorporation Date:

05-Sep-2005

Financials in:

USD (mil)

 

 

Fiscal Year End:

30-Sep-2011

Reporting Currency:

Euro

Annual Sales:

23.2

Total Assets:

11.1

                                         

Business Description          

 

M +E MACCHINE+ ENGINEERING SRL is primarily engaged in manufacture of machine tools for working stone, wood and similar hard material; presses for the manufacture of particle board and the like; manufacture of soldering, brazing and welding tools; surface tempering and hot spraying machines and apparatus; manufacture of tool holders and self-opening dieheads; manufacture of work holders for machine tools; manufacture of dividing heads and other special attachments for machine tools; manufacture of parts and accessories for wood, cork, hard rubber and similar hard materials working machine tools; and manufacture of parts and accessories for welding equipment.

          

Industry                                                                                                                                      

 

Industry

Miscellaneous Capital Goods

ANZSIC 2006:

2463 - Machine Tool and Parts Manufacturing

NACE 2002:

2943 - Manufacture of other machine tools not elsewhere classified

NAICS 2002:

33351 - Metalworking Machinery Manufacturing

UK SIC 2003:

2943 - Manufacture of other machine tools not elsewhere classified

US SIC 1987:

3549 - Metalworking Machinery, Not Elsewhere Classified

                      

Key Executives           

   

 

Name

Title

Umberto Colombo

President

Ernesto Buzzoni

Member of the board

Luca Giuseppe Colombo

Member of the board

Angelo Colombo

Member of the board

Vittorio Rusconi

Member of the board

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.717768
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7453231

 

Corporate Overview

 

Location
Via Grossi T. 3/5
Dervio, 23824
Italy

 

Tel:

+39 0341 851378

Fax:

+39 0341 806002

 

Suggest Company URL

 

Sales EUR(mil):

16.7

Assets EUR(mil):

8.3

Employees:

31

Fiscal Year End:

30-Sep-2011

 

Industry:

Miscellaneous Capital Goods

Incorporation Date:

05-Sep-2005

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(ITA):

02913810137

 

President:

Umberto Colombo

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

2463

-

Machine Tool and Parts Manufacturing

 

NACE 2002 Codes:

2943

-

Manufacture of other machine tools not elsewhere classified

 

NAICS 2002 Codes:

33351

-

Metalworking Machinery Manufacturing

 

US SIC 1987:

3549

-

Metalworking Machinery, Not Elsewhere Classified

 

UK SIC 2003:

2943

-

Manufacture of other machine tools not elsewhere classified

 

 

Business Description

M +E MACCHINE+ ENGINEERING SRL is primarily engaged in manufacture of machine tools for working stone, wood and similar hard material; presses for the manufacture of particle board and the like; manufacture of soldering, brazing and welding tools; surface tempering and hot spraying machines and apparatus; manufacture of tool holders and self-opening dieheads; manufacture of work holders for machine tools; manufacture of dividing heads and other special attachments for machine tools; manufacture of parts and accessories for wood, cork, hard rubber and similar hard materials working machine tools; and manufacture of parts and accessories for welding equipment.

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

16.7

Assets:

8.3

Current Assets:

8.2

 

Total Liabilities:

8.3

 

Net Worth:

3.7

 

 

 

Date of Financial Data:

30-Sep-2011

 

1 Year Growth

31.7%

NA

 

 

Key Corporate Relationships

Bank:

Banca Monte dei Paschi di Siena Ag

 

 

 

 

 

 

 

 

 

 

Corporate Structure News

 

M +E Macchine+ Engineering SRL
Total Corporate Family Members: 2

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

F.C. SRL

Parent

 

 

 

 

 

M +E Macchine+ Engineering SRL

Subsidiary

Dervio, Lecco

Italy

Miscellaneous Capital Goods

23.2

31

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Ernesto Buzzoni

 

Member of the board

Director/Board Member

Luca Giuseppe Colombo

 

Member of the board

Director/Board Member

Angelo Colombo

 

Member of the board

Director/Board Member

Vittorio Rusconi

 

Member of the board

Director/Board Member

 

Executives

 

Name

Title

Function

Umberto Colombo

 

President

President

 

Annual Profit & Loss

 

 

 

 

30-Sep-2011

30-Sep-2010

30-Sep-2009

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.717768

0.740255

0.73971

Consolidated

No

No

No

 

 

 

 

Total income

23.5

18.3

16.7

Net sales

23.2

17.1

16.3

Other operating income

0.1

0.1

0.1

Raw materials and consumables employed

12.2

10.0

9.4

Other expenses

2.7

2.4

2.6

Total payroll costs

2.2

1.9

1.8

Fixed asset depreciation and amortisation

0.1

0.1

0.1

Other operating costs

0.0

0.0

0.0

Net operating income

6.3

3.8

2.7

Total financial income

0.1

0.0

0.1

Total expenses

0.0

0.0

0.0

Profit before tax

6.4

3.8

2.8

Profit after extraordinary items and before tax

6.4

3.8

2.8

Total taxation

2.1

1.3

0.9

Net profit

4.3

2.6

1.9

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Sep-2011

30-Sep-2010

30-Sep-2009

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745323

0.732493

0.684135

Consolidated

No

No

No

 

 

 

 

Total stockholders equity

5.0

3.4

2.8

Provision for pensions

0.4

0.3

0.3

Trade creditors

2.4

2.5

1.3

Other current liabilities

3.3

5.2

1.5

Accruals and deferred income

0.0

0.0

0.0

Total current liabilities

5.7

7.7

2.8

Total liabilities (including net worth)

11.1

11.5

5.8

Intangibles

0.0

0.0

0.1

Total tangible fixed assets

0.1

0.2

0.1

Total non-current assets

0.1

0.2

0.2

Finished goods

2.0

1.8

0.7

Net stocks and work in progress

2.0

1.8

0.8

Trade debtors

2.3

1.7

0.6

Other receivables

0.0

0.2

2.0

Cash and liquid assets

6.6

7.6

2.2

Accruals

0.1

0.0

0.1

Total current assets

11.0

11.3

5.7

Total assets

11.1

11.5

5.8

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

30-Sep-2011

30-Sep-2010

30-Sep-2009

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745323

0.732493

0.684135

Consolidated

No

No

No

 

 

 

 

Current ratio

1.90

1.50

2.00

Quick ratio

1.60

1.20

1.80

Current liabilities to net worth

0.01%

0.02%

0.01%

Sales per employee

0.51

0.42

0.42

Profit per employee

0.14

0.09

0.07

Average wage per employee

0.05

0.05

0.05

Net worth

5.0

3.4

2.8

Number of employees

33

30

29

 

 

Bottom of Form

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.36

UK Pound

1

Rs.85.95

Euro

1

Rs.67.87

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.