MIRA
INFORM REPORT
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Report Date : |
26.06.2012 |
IDENTIFICATION DETAILS
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Name : |
DANTI PAOLO & C. SRL COSTRUZIONI MACCHINE TESSILI |
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Registered Office : |
Via Labriola 183/185 187 Montemurlo, 59013 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
18.10.2001 |
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Com. Reg. No.: |
01874900978 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
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No. of Employees : |
4 |
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 : |
Slow |
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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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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 and address
Danti Paolo &
C. SRL Costruzioni Macchine Tessili
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Business Description
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DANTI PAOLO & C. SRL COSTRUZIONI MACCHINE TESSILI 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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Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2469 - Other Specialised Machinery and
Equipment Manufacturing |
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NACE 2002: |
2954 - Manufacture of machinery for
textile, apparel and leather production |
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NAICS 2002: |
333292 - Textile Machinery Manufacturing |
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2954 - Manufacture of machinery for
textile, apparel and leather production |
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US SIC 1987: |
3552 - Textile Machinery |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Executives Report
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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 |
1.8 |
1.5 |
2.3 |
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Net sales |
1.8 |
1.4 |
2.4 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Raw materials and consumables employed |
0.9 |
0.6 |
0.9 |
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Other expenses |
0.7 |
0.6 |
1.0 |
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Total payroll costs |
0.1 |
0.1 |
0.3 |
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Fixed asset depreciation and amortisation |
0.0 |
0.0 |
0.0 |
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Other operating costs |
0.0 |
0.0 |
0.0 |
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Net operating income |
0.0 |
0.1 |
0.1 |
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Total financial income |
0.0 |
0.0 |
0.0 |
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Profit before tax |
0.0 |
0.1 |
0.1 |
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Extraordinary result |
- |
0.0 |
0.0 |
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Profit after extraordinary items and before tax |
0.0 |
0.1 |
0.1 |
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Total taxation |
0.0 |
0.0 |
0.0 |
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Net profit |
0.0 |
0.1 |
0.0 |
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Annual Balance
Sheet |
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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 |
0.2 |
0.2 |
0.2 |
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Provision for risks |
0.1 |
0.1 |
0.1 |
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Provision for pensions |
0.1 |
0.1 |
0.2 |
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Trade creditors |
0.5 |
- |
- |
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Other current liabilities |
0.4 |
0.6 |
0.4 |
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Accruals and deferred income |
0.0 |
- |
- |
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Total current liabilities |
0.8 |
0.6 |
0.4 |
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Total liabilities (including net worth) |
1.3 |
1.1 |
0.9 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total tangible fixed assets |
0.0 |
0.0 |
0.0 |
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Total non-current assets |
0.0 |
0.0 |
0.0 |
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Net stocks and work in progress |
0.1 |
0.2 |
0.1 |
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Trade debtors |
0.6 |
- |
- |
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Other receivables |
0.1 |
0.3 |
0.1 |
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Cash and liquid assets |
0.3 |
0.3 |
0.3 |
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Marketable securities |
0.2 |
0.3 |
0.3 |
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Accruals |
0.0 |
0.0 |
0.0 |
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Total current assets |
1.3 |
1.1 |
0.8 |
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Total assets |
1.3 |
1.1 |
0.9 |
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Annual Ratios |
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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 |
1.60 |
1.70 |
2.00 |
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Quick ratio |
1.50 |
1.40 |
1.60 |
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Current liabilities to net worth |
0.04% |
0.03% |
0.03% |
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Sales per employee |
- |
0.26 |
0.41 |
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Average wage per employee |
- |
0.02 |
0.04 |
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Net worth |
0.2 |
0.2 |
0.2 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.53 |
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1 |
Rs.88.09 |
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Euro |
1 |
Rs.70.83 |
INFORMATION DETAILS
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Report Prepared
by : |
PRL |
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.