MIRA
INFORM REPORT
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Report Date : |
22.06.2012 |
IDENTIFICATION DETAILS
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Name : |
MURANO SPA |
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Registered Office : |
Via Nazionale Delle Puglie Km 37 650, Pomigliano D'Arco, 80038 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
10.12.1973 |
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Com. Reg. No.: |
00652400631 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
Subject is engaged in preserving of fruit, nuts, or vegetables: freezing, drying, immersing in oil or in vinegar, canning, etc; manufacture of fruit or vegetable food products; manufacture of jams, marmalades, and table jellies. |
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No. of Employees : |
54 |
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
Murano SpA
Via Nazionale Delle Puglie Km 37 650
Pomigliano D'Arco, 80038
Italy
Tel: +39 0818 423022
Fax: +39 0815 221930
Synthesis
Employees: 54
Company Type: Public Independent
Incorporation Date:
10-Dec-1973
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 50.6
Total Assets: 40.4
Business Description
MURANO SPA is primarily engaged in preserving of fruit, nuts, or vegetables: freezing, drying, immersing in oil or in vinegar, canning, etc; manufacture of fruit or vegetable food products; manufacture of jams, marmalades, and table jellies.
Industry
Industry Food Processing
ANZSIC 2006: 1140 - Fruit and
Vegetable Processing
NACE 2002: 1533 - Processing
and preserving of fruit and vegetables not elsewhere classified
NAICS 2002: 3114 - Fruit and
Vegetable Preserving and Specialty Food Manufacturing
UK SIC 2003: 1533 - Processing
and preserving of fruit and vegetables not elsewhere classified
US SIC 1987: 2034 - Dried and
Dehydrated Fruits, Vegetables, and Soup Mixes
Key Executives
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Name |
Title |
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Vincenzo Fiorentino |
Sole administrator |
News
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Title |
Date |
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New Entry Infiniti and beyond |
20-Jun-2012 |
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Infiniti and beyond |
20-Jun-2012 |
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Sporty hybrids to dock |
20-Jun-2012 |
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ELECTRIFYING INFINITI NISSAN MASTERS THE
HYBRID WITH NEW M35H |
18-Jun-2012 |
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INFINITI AND BEYOND THE NEW NAME OF LUXURY
IN AUSTRALIA |
15-Jun-2012 |
Registered
No.(ITA): 00652400631
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 Nazionale Delle Puglie Km 37 650
Pomigliano D'Arco, 80038
Italy
Tel: +39 0818 423022
Fax: +39 0815 221930
Sales EUR(mil): 38.2
Assets EUR(mil): 30.1
Employees: 54
Fiscal Year End: 31-Dec-2010
Industry: Food Processing
Incorporation Date: 10-Dec-1973
Company Type: Public Independent
Quoted Status: Not Quoted
Registered No.(ITA): 00652400631
Sole administrator: Vincenzo
Fiorentino
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1140 - Fruit and Vegetable Processing
NACE 2002 Codes:
1533 - Processing and preserving of fruit and vegetables not
elsewhere classified
NAICS 2002 Codes:
3114 - Fruit and Vegetable Preserving and Specialty Food
Manufacturing
US SIC 1987:
2034 - Dried and Dehydrated Fruits, Vegetables, and Soup Mixes
UK SIC 2003:
1533 - Processing and preserving of fruit and vegetables not
elsewhere classified
Business
Description
MURANO SPA is
primarily engaged in preserving of fruit, nuts, or vegetables: freezing,
drying, immersing in oil or in vinegar, canning, etc; manufacture of fruit or
vegetable food products; manufacture of jams, marmalades, and table jellies.
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Executive report
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Executives |
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Sole administrator |
President |
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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 |
50.7 |
47.7 |
47.4 |
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Net sales |
50.6 |
47.7 |
47.3 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Raw materials and consumables employed |
39.6 |
34.2 |
35.0 |
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Other expenses |
4.6 |
6.7 |
5.9 |
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Total payroll costs |
2.0 |
2.0 |
1.9 |
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Fixed asset depreciation and amortisation |
1.8 |
0.8 |
0.7 |
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Other operating costs |
1.3 |
1.8 |
1.5 |
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Net operating
income |
1.4 |
2.3 |
2.3 |
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Total financial
income |
0.0 |
0.0 |
0.1 |
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Total expenses |
0.0 |
0.1 |
0.3 |
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Profit before tax |
1.4 |
2.3 |
2.1 |
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Profit after extraordinary items and
before tax |
1.4 |
2.3 |
2.1 |
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Total taxation |
0.5 |
1.2 |
1.2 |
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Net profit |
0.9 |
1.1 |
1.0 |
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 |
29.7 |
31.1 |
24.6 |
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Provision for risks |
0.0 |
- |
- |
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Provision for pensions |
0.5 |
0.5 |
0.4 |
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Trade creditors |
2.9 |
5.9 |
5.9 |
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Bank loans and overdrafts |
6.8 |
3.6 |
8.6 |
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Other current liabilities |
0.3 |
0.7 |
0.4 |
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Accruals and deferred income |
0.2 |
0.2 |
0.2 |
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Total current
liabilities |
10.2 |
10.3 |
15.0 |
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Total
liabilities (including net worth) |
40.4 |
41.9 |
40.0 |
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Intangibles |
2.7 |
3.3 |
3.4 |
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Buildings |
6.2 |
6.8 |
6.2 |
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Total tangible
fixed assets |
7.9 |
8.8 |
8.2 |
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Long-term investments |
0.0 |
0.0 |
0.0 |
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Total financial
assets |
0.0 |
0.0 |
0.0 |
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Receivables due after 1 year |
0.3 |
- |
- |
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Total
non-current assets |
10.9 |
12.1 |
11.6 |
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Finished goods |
2.5 |
- |
- |
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Net stocks and work in progress |
3.4 |
2.9 |
2.3 |
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Trade debtors |
24.4 |
25.9 |
24.6 |
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Other receivables |
0.6 |
0.0 |
0.6 |
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Cash and liquid assets |
1.0 |
1.0 |
0.9 |
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Accruals |
0.0 |
0.0 |
0.0 |
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Total current
assets |
29.5 |
29.9 |
28.5 |
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Total assets |
40.4 |
41.9 |
40.0 |
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 |
2.90 |
2.90 |
1.90 |
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Quick ratio |
2.60 |
2.60 |
1.70 |
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Current liabilities to net worth |
0.00% |
0.00% |
0.01% |
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Sales per employee |
0.71 |
0.50 |
0.77 |
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Profit per employee |
0.02 |
0.02 |
0.02 |
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Average wage per employee |
0.03 |
0.02 |
0.03 |
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Net worth |
29.7 |
31.1 |
24.6 |
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Number of employees |
54 |
68 |
66 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.42 |
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UK Pound |
1 |
Rs.88.45 |
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Euro |
1 |
Rs.71.52 |
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 |
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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.