|
Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
TDE MACNO S.P.A. |
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|
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Registered Office : |
Dell' Oreficeria, 41 36100 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.11.1976 |
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|
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Com. Reg. No.: |
VI116-7906 |
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|
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Legal Form : |
Joint Stock Company |
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|
|
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Line of Business : |
Installation of equipment for measuring, controlling, testing,
navigating and similars ( including equipment for controlling industrial
processes) |
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|
|
|
No. of Employees : |
36 to 50 |
RATING & COMMENTS
|
MIRAs 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 |
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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 |
Tde Macno S.p.a.
Dell' Oreficeria, 41
36100 Vicenza (VI) -IT-
|
Fiscal Code |
: |
00516300241 |
|
Legal Form |
: |
Joint stock company |
|
Foundation Date |
: |
15/11/1976 |
|
Equity |
: |
Over 2.582.254 |
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Turnover Range |
: |
9.000.000/10.000.000 |
|
Number of Employees |
: |
from 36 to 50 |
|
TDE MACNO S.p.A. is engaged in the supply of products for the motion
control |
|
and in the development of systems for the regulation and control of
industrial |
|
applications. |
|
Even though the company is internationally known, it was influenced by |
|
general economic crisis and in the yeras 2009/2010 it has been forced
to |
|
use the Benefit Unempoyment Fund for some of its employees. |
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We suggest a moderate credit limit waiting for 2011 accounts. |
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|
|
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Installation of equipment for measuring, controlling, testing,
navigating and similars ( including equipment for controlling industrial
processes)
Legal Form : Joint stock company
|
Fiscal Code : 00516300241 |
|
Foreign Trade Reg. no. : VI045596 since 19/02/1998 |
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Chamber of Commerce no. : 133867 of since 29/11/1976 |
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Firms' Register : VI116-7906 of |
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V.A.T. Code : 00516300241 |
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Foundation date |
: 15/11/1976 |
|
|
Establishment date |
: 15/11/1976 |
|
|
Legal duration |
: 31/12/2050 |
|
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Nominal Capital |
: 516.000 |
|
|
Subscribed Capital |
: 516.000 |
|
|
Paid up Capital |
: 516.000 |
|
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Dalla Fontana |
Oscar |
|
|
|
Born in Vicenza |
(VI) |
on 26/08/1959 |
- Fiscal Code : DLLSCR59M26L840Y |
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|
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Residence: |
|
Pilla |
, 1 |
- 36057 |
Arcugnano |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2010 |
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|
|
Board Chairman |
14/05/2010 |
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|
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No Prejudicial events are reported |
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No Protests registered |
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Dalla Fontana |
Adamo |
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|
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Born in Vicenza |
(VI) |
on 02/01/1955 |
- Fiscal Code : DLLDMA55A02L840Y |
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|
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Residence: |
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U. Primo |
, 74 |
- 36057 |
Arcugnano |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2010 |
|
|
|
|
No Protests registered |
|
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Illetterati |
Fabio |
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|
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Born in Vicenza |
(VI) |
on 13/04/1956 |
- Fiscal Code : LLTFBA56D13L840Z |
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|
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Residence: |
|
Rovigo |
, 18 |
- 36077 |
Altavilla Vicentina |
(VI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/05/2010 |
|
|
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Managing Director |
14/05/2010 |
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|
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No Prejudicial events are reported |
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No Protests registered |
*checkings have been performed on a national scale.
In this module the companies in which members hold/held positions are
listed.
The Members of the subject firm are not reported to be Members in other
companies.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Tde Macno S.p.a. |
Vicenza - IT - |
00516300241 |
43.860 .Eur |
8,50 |
|
Bdf Elettronica S.p.a. |
Vicenza - IT - |
02713770242 |
347.680 .Eur |
67,38 |
|
Illetterati Fabio |
Altavilla Vicentina - IT - |
LLTFBA56D13L840Z |
59.340 .Eur |
11,50 |
|
Marcolungo Giorgio |
|
MRCGRG36L12F461Z |
49.690 .Eur |
9,63 |
|
Gentilin Mario |
|
GNTMRA66H18L551T |
15.430 .Eur |
3,00 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Tde Macno S.p.a. |
Vicenza - IT - |
00516300241 |
43.860 .Eur |
8,50 |
|
|
Active |
|
Prosis Societa' Consortile A R.l. |
Vicenza - IT - |
03224060248 |
1.000 .Eur |
7,69 |
|
|
Active |
In order to carry out its activities the firm uses the following
locations:
|
- |
Sede legale e di attivita' |
|
since 09/06/1986 |
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|
|
|
|
Via |
Dell'Oreficeria |
, 41 |
- 36100 |
- Vicenza |
(VI) |
- IT - |
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|
|
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TELEFONO |
: 0444565043 |
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|
|
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FAX |
: 0444343509 |
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|
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Sito Internet |
: www.tdemacno.it |
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|
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Employees |
: 49 |
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Fittings and Equipment for a value of 110.000 |
Eur |
|
Stocks for a value of 3.280.000 |
Eur |
Trade organization: direct or by agents.
The company sells in Italy and abroad.
The company 's mainly customers are companies.
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Financial means used for sale: bank transfers and bank orders.
Main used payment modalities are by cash orders and bank transfers.
|
- Vedi in primo piano |
EX-MEMBERS / EX-POSITIONS:
|
|
Brunelli |
Lamberto |
|
|
|
Born in Soave |
(VR) |
on 03/04/1941 |
- Fiscal Code : BRNLBR41D03I775E |
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Ex-Postions |
|
Chairman |
|
|
Dalla Fontana |
Adamo |
|
|
|
Born in Vicenza |
(VI) |
on 02/01/1955 |
- Fiscal Code : DLLDMA55A02L840Y |
|
|
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Residence: |
|
U. Primo |
, 74 |
- 36057 |
Arcugnano |
(VI) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Board Chairman |
|
|
Dalla Fontana |
Adamo |
|
|
|
Born in Vicenza |
(VI) |
on 02/01/1955 |
- Fiscal Code : DLLDMA55A02L840Y |
|
|
|
Residence: |
|
U. Primo |
, 74 |
- 36057 |
Arcugnano |
(VI) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
Protests checking on the subject firm has given a negative result.
Search performed on a National Scale
|
|
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest received edition of the Official
Publications.
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
CARIVERONA BANCA SPA |
AGENZIA DI
VICENZA V.LE S.AGOSTINO |
V.LE S.AGOSTINO |
36100 |
Vicenza (VI) |
6355 |
11810 |
|
BANCA POPOLARE DI VICENZA SCPA |
AG.3 |
VIALE DELLE FORNACI, 2 |
36100 |
Vicenza (VI) |
5728 |
11816 |
|
UNICREDIT BANCA SPA |
|
|
|
|
2008 |
0 |
|
MONTE DEI PASCHI DI SIENA SPA |
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|
|
|
1030 |
0 |
The subject was set up many years ago and from a financial point
of view, it works in a satisfactory manner.
Concern's liquidity is adequate to allow a regular economical and
financial management.
It has a well-balanced economical-financial structure. Normally,
engagments are settled on fixed terms.
No irregularities are registered.
Commercial transactions with suppliers have proved good so far.
No claims are registered.
the financial period 2010 closed with a profit.
Upward trend as to the turnover in the last financial year (+56,01%).
|
|
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.657.504 |
|
Profit (Loss) for the period |
157.063 |
|
|
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Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
6.190.232 |
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Profit (Loss) for the period |
-453.332 |
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|
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Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
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Item Type |
Value |
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Sales |
10.761.954 |
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Profit (Loss) for the period |
251.423 |
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
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- Balance Sheet as at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet as at 31/12/2009 - 12 Mesi - Currency: - Amounts x 1 |
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- Balance Sheet as at 31/12/2008 - 12 Mesi - Currency: - Amounts x 1 |
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RATIOS |
Value Type |
as at 31/12/2010 |
as at 31/12/2009 |
as at 31/12/2008 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,33 |
0,36 |
0,23 |
0,12 |
|
Elasticity Ratio |
Units |
0,67 |
0,64 |
0,77 |
0,85 |
|
Availability of stock |
Units |
0,28 |
0,32 |
0,32 |
0,13 |
|
Total Liquidity Ratio |
Units |
0,39 |
0,32 |
0,44 |
0,64 |
|
Quick Ratio |
Units |
0,01 |
0,00 |
0,01 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,90 |
1,17 |
1,42 |
5,60 |
|
Self Financing Ratio |
Units |
0,31 |
0,37 |
0,34 |
0,14 |
|
Capital protection Ratio |
Units |
0,81 |
0,98 |
0,80 |
0,50 |
|
Liabilities consolidation quotient |
Units |
0,17 |
0,41 |
0,31 |
0,10 |
|
Financing |
Units |
2,12 |
1,49 |
1,73 |
5,75 |
|
Permanent Indebtedness Ratio |
Units |
0,41 |
0,56 |
0,50 |
0,26 |
|
M/L term Debts Ratio |
Units |
0,10 |
0,18 |
0,15 |
0,08 |
|
Net Financial Indebtedness Ratio |
Units |
1,08 |
n.c. |
0,79 |
0,40 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
1,23 |
1,53 |
2,14 |
1,96 |
|
Current ratio |
Units |
1,14 |
1,46 |
1,54 |
1,12 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,67 |
0,73 |
0,89 |
0,90 |
|
Structure's primary quotient |
Units |
0,92 |
1,04 |
1,48 |
1,30 |
|
Treasury's primary quotient |
Units |
0,01 |
0,00 |
0,01 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
327,66 |
266,83 |
290,14 |
713,38 |
|
Current Capital ( net ) |
Value |
958.493 |
1.845.458 |
3.043.970 |
112.184 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
5,11 |
-4,73 |
4,10 |
4,30 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
4,34 |
-13,09 |
6,42 |
8,44 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
8,08 |
-15,69 |
11,43 |
29,86 |
|
Return on Investment ( R.O.I. ) |
% |
3,24 |
-4,69 |
5,04 |
5,11 |
|
Return/ Sales |
% |
3,98 |
-7,00 |
5,32 |
5,02 |
|
Extra Management revenues/charges incid. |
% |
40,88 |
n.c. |
43,91 |
36,52 |
|
Cash Flow |
Value |
493.205 |
-292.659 |
441.140 |
56.542 |
|
Operating Profit |
Value |
384.196 |
-433.602 |
572.560 |
91.982 |
|
Gross Operating Margin |
Value |
720.338 |
-272.929 |
762.277 |
136.494 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
152,37 |
n.c. |
100,68 |
154,26 |
|
Debts to suppliers average term |
Days |
142,47 |
n.c. |
134,32 |
134,32 |
|
Average stock waiting period |
Days |
122,15 |
170,64 |
122,04 |
41,31 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,81 |
0,67 |
0,95 |
1,08 |
|
Rate of stock return |
Units |
2,95 |
2,11 |
2,95 |
8,58 |
|
Labour cost incidence |
% |
26,20 |
36,52 |
24,15 |
20,16 |
|
Net financial revenues/ charges incidence |
% |
-0,97 |
-1,71 |
-1,33 |
-1,17 |
|
Labour cost on purchasing expenses |
% |
24,65 |
32,59 |
23,75 |
19,80 |
|
Short-term financing charges |
% |
1,23 |
2,07 |
2,13 |
2,12 |
|
Capital on hand |
% |
122,83 |
149,28 |
105,59 |
92,31 |
|
Sales pro employee |
Value |
182.217 |
106.728 |
182.406 |
169.642 |
|
Labour cost pro employee |
Value |
47.741 |
38.976 |
44.056 |
34.748 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
|
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
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 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.