MIRA
INFORM REPORT
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Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
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Name : |
BIANCALANI SRL |
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Registered Office : |
Via Alfredo Menichetti 28, |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
07.11.1986 |
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Com. Reg. No.: |
02104450487 |
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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 : |
19 |
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
Biancalani SRL
Via Alfredo Menichetti 28
Prato, 59100
Italy
Tel: +39 0574 54871
Fax: +39 0574 633491
Synthesis
Employees: 19
Company Type: Private Independent
Incorporation Date:
07-Nov-1986
Financials in: USD
(Millions)
Fiscal Year End:
30-Jun-2011
Reporting Currency: Euro
Annual Sales: 4.6
Total Assets: 3.5
Business Description
BIANCALANI 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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Rossana Biancalani |
Managing director |
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Massimo Biancalani |
Managing director |
news
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Title |
Date |
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Findings from Max-Planck-Institute in Physics Research Reported |
15-Mar-2012 |
Registered No.(ITA): 02104450487
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7347003
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6897265
Corporate Overview
Location
Via Alfredo
Menichetti 28
Prato, 59100
Italy
Tel: +39 0574 54871
Fax: +39 0574 633491
Sales EUR(mil): 3.4
Assets EUR(mil): 2.4
Employees: 19
Fiscal Year End: 30-Jun-2011
Industry: Miscellaneous
Capital Goods
Incorporation Date: 07-Nov-1986
Company Type: Private Independent
Quoted Status: Not
Quoted
Registered No.(ITA): 02104450487
Managing director: Massimo
Biancalani
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2469 - Other Specialised Machinery and Equipment Manufacturing
3411 - Agricultural and Construction Machinery Wholesaling
NACE 2002 Codes:
2954 - Manufacture of machinery for textile, apparel and leather
production
5182 - Wholesale of mining, construction and civil engineering
machinery
NAICS 2002 Codes:
333292 - Textile Machinery Manufacturing
423810 - Construction and Mining (except Oil Well) Machinery and
Equipment Merchant Wholesalers
US SIC 1987:
3552 - Textile Machinery
5082 - Construction and Mining (Except Petroleum) Machinery and
Equipment
UK SIC 2003:
5182 - Wholesale of mining, construction and civil engineering
machinery
2954 - Manufacture of machinery for textile, apparel and leather
production
Business
Description
BIANCALANI 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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Executives |
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Managing director |
President |
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Managing director |
Managing Director |
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Annual Profit & Loss
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30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
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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) |
0.7347 |
0.721483 |
0.731067 |
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Consolidated |
No |
No |
No |
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Total income |
4.5 |
4.1 |
6.4 |
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Net sales |
4.6 |
4.5 |
7.0 |
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Other operating income |
0.0 |
0.0 |
0.1 |
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Raw materials and consumables employed |
2.1 |
1.7 |
3.2 |
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Other expenses |
1.0 |
1.3 |
3.1 |
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Total payroll costs |
1.1 |
1.1 |
1.5 |
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Fixed asset depreciation and amortisation |
0.1 |
0.1 |
0.5 |
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Other operating costs |
0.0 |
0.0 |
0.2 |
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Net operating
income |
0.3 |
-0.1 |
-2.1 |
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Total financial
income |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.0 |
0.0 |
0.1 |
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Profit before tax |
0.3 |
-0.1 |
-2.1 |
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Extraordinary result |
0.0 |
0.0 |
-0.1 |
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Profit after extraordinary items and
before tax |
0.3 |
-0.1 |
-2.3 |
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Total taxation |
0.0 |
0.0 |
0.0 |
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Net profit |
0.2 |
- |
- |
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Net loss |
- |
0.1 |
2.3 |
Annual Balance
Sheet
Financials in: USD (mil)
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|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.689727 |
0.816393 |
0.712936 |
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Consolidated |
No |
No |
No |
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Total
stockholders equity |
0.9 |
0.5 |
0.0 |
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Provision for risks |
0.4 |
0.3 |
0.3 |
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Provision for pensions |
0.4 |
0.3 |
0.4 |
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Mortgages and loans |
- |
0.3 |
0.4 |
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Other long-term liabilities |
- |
0.0 |
0.1 |
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Trade creditors |
1.4 |
1.0 |
2.2 |
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Bank loans and overdrafts |
- |
0.0 |
0.7 |
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Other current liabilities |
0.5 |
0.4 |
0.5 |
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Accruals and deferred income |
0.0 |
0.0 |
0.1 |
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Total current
liabilities |
1.9 |
1.4 |
3.5 |
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Total
liabilities (including net worth) |
3.5 |
2.9 |
4.8 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total tangible
fixed assets |
0.1 |
0.1 |
0.1 |
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Long-term investments |
0.1 |
0.1 |
0.1 |
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Total financial
assets |
0.1 |
0.1 |
0.1 |
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Total
non-current assets |
0.2 |
0.2 |
0.3 |
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Finished goods |
0.3 |
0.4 |
0.9 |
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Net stocks and work in progress |
0.8 |
0.8 |
1.6 |
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Trade debtors |
1.2 |
0.8 |
1.6 |
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Other receivables |
0.3 |
0.3 |
0.4 |
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Cash and liquid assets |
0.9 |
0.7 |
0.4 |
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Marketable securities |
- |
- |
0.4 |
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Accruals |
0.1 |
0.1 |
0.1 |
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Total current assets |
3.3 |
2.7 |
4.5 |
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Total assets |
3.5 |
2.9 |
4.8 |
Annual Ratios
Financials in: USD (mil)
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|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
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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 |
0.689727 |
0.816393 |
0.712936 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.70 |
1.90 |
1.30 |
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Quick ratio |
1.30 |
1.30 |
0.80 |
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Current liabilities to net worth |
0.02% |
0.03% |
2.82% |
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Sales per employee |
0.15 |
0.15 |
0.18 |
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Profit per employee |
0.01 |
0.00 |
-0.06 |
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Average wage per employee |
0.04 |
0.04 |
0.04 |
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Net worth |
0.9 |
0.5 |
0.0 |
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Number of employees |
23 |
22 |
29 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
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UK Pound |
1 |
Rs.85.64 |
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Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
<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.