MIRA
INFORM REPORT
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Report Date : |
28.06.2012 |
IDENTIFICATION DETAILS
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Name : |
GRUPPO GERMANI SRL |
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Registered Office : |
Interporto Nola Lotto C/2 2/1 5, Nola, 80035 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
02.10.2001 |
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Com. Reg. No.: |
04088251212 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
manufacture of other men’s outerwear; and manufacture of other women’s outerwear |
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No. of Employees : |
58 |
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
Gruppo Germani SRL
Interporto Nola Lotto C/2 2/1 5
Nola, 80035
Italy
Tel: +39 0818 268201
Fax: +39 0818 268213
Registration data
Employees: 58
Company Type: Private Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: G BOX SRL
Incorporation Date: 02-Oct-2001
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2010
Reporting Currency: Euro
Annual Sales: 43.9
Total Assets: 26.6
Business Description
GRUPPO GERMANI SRL is primarily engaged in manufacture of other men’s outerwear; and manufacture of other women’s outerwear.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 1351 - Clothing
Manufacturing
NACE 2002: 1822 - Manufacture
of other outerwear
NAICS 2002: 3152 - Cut and Sew
Apparel Manufacturing
UK SIC 2003: 1822 - Manufacture
of other outerwear
US SIC 1987: 2339 - Women's,
Misses', and Juniors' Outerwear, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Andrea Miranda |
President |
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Ciro Tatto |
Executive |
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Claudio Miranda |
Managing director |
Registered No.(ITA): 04088251212
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
Interporto Nola Lotto C/2 2/1 5
Nola, 80035
Italy
Tel: +39 0818 268201
Fax: +39 0818 268213
Sales EUR(mil): 33.2
Assets EUR(mil): 19.9
Employees: 58
Fiscal Year End: 31-Dec-2010
Industry: Apparel
and Accessories
Incorporation Date: 02-Oct-2001
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(ITA): 04088251212
Managing director: Claudio
Miranda
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1351 - Clothing Manufacturing
4310 - Non-Store Retailing
371 - Textile, Clothing and Footwear Wholesaling
NACE 2002 Codes:
5261 - Retail sale via mail order house
1822 - Manufacture of other outerwear
5142 - Wholesale of clothing and footwear
NAICS 2002 Codes:
4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers
454113 - Mail-Order Houses
3152 - Cut and Sew Apparel Manufacturing
US SIC 1987:
513 - Apparel, Piece Goods, and Notions
5961 - Catalog and Mail-order Houses
2339 - Women's, Misses', and Juniors' Outerwear, Not Elsewhere
Classified
UK SIC 2003:
5142 - Wholesale of clothing and footwear
1822 - Manufacture of other outerwear
5261 - Retail sale via mail order house
Business
Description
GRUPPO GERMANI SRL is primarily engaged in manufacture of other men’s
outerwear; and manufacture of other women’s outerwear.
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Corporate Family |
Corporate Structure News: |
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Gruppo Germani SRL |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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G BOX SRL |
Parent |
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Gruppo Germani SRL |
Subsidiary |
Nola, Napoli |
Italy |
Apparel and
Accessories |
43.9 |
50 |
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Executive 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 |
44.3 |
47.6 |
51.9 |
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Net sales |
43.9 |
48.9 |
47.7 |
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Other operating income |
0.0 |
0.1 |
0.1 |
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Raw materials and consumables employed |
21.9 |
23.5 |
27.5 |
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Other expenses |
15.4 |
16.2 |
19.1 |
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Total payroll costs |
2.9 |
2.6 |
2.2 |
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Fixed asset depreciation and amortisation |
1.0 |
1.0 |
0.6 |
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Other operating costs |
0.4 |
0.6 |
0.5 |
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Net operating
income |
2.7 |
3.7 |
2.0 |
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Total financial
income |
0.1 |
0.0 |
0.1 |
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Total expenses |
0.2 |
0.3 |
0.3 |
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Profit before tax |
2.6 |
3.4 |
1.8 |
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Extraordinary result |
0.1 |
0.4 |
0.3 |
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Profit after extraordinary items and before
tax |
2.6 |
3.8 |
2.0 |
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Total taxation |
1.0 |
1.4 |
0.8 |
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Net profit |
1.6 |
2.4 |
1.2 |
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 |
7.2 |
8.3 |
6.5 |
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Provision for risks |
0.4 |
0.4 |
0.3 |
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Provision for pensions |
0.5 |
0.4 |
0.3 |
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Mortgages and loans |
1.4 |
2.6 |
3.7 |
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Other long-term liabilities |
0.1 |
0.1 |
- |
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Trade creditors |
14.0 |
16.8 |
19.3 |
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Other current liabilities |
0.5 |
1.0 |
0.5 |
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Accruals and deferred income |
2.5 |
2.8 |
3.0 |
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Total current
liabilities |
17.1 |
20.7 |
22.9 |
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Total liabilities
(including net worth) |
26.6 |
32.4 |
33.7 |
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Intangibles |
2.4 |
3.1 |
3.6 |
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Buildings |
0.0 |
0.0 |
0.1 |
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Total tangible
fixed assets |
0.8 |
0.6 |
0.6 |
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Long-term investments |
0.5 |
0.5 |
0.6 |
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Total financial
assets |
0.5 |
0.6 |
0.6 |
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Receivables due after 1 year |
0.1 |
0.3 |
0.5 |
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Total
non-current assets |
3.8 |
4.5 |
5.3 |
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Finished goods |
4.1 |
4.0 |
5.3 |
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Net stocks and work in progress |
5.0 |
5.3 |
6.7 |
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Trade debtors |
12.8 |
15.0 |
16.0 |
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Other receivables |
1.8 |
1.6 |
1.7 |
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Cash and liquid assets |
2.5 |
5.2 |
3.1 |
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Accruals |
0.7 |
0.8 |
0.8 |
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Total current
assets |
22.9 |
27.9 |
28.4 |
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Total assets |
26.6 |
32.4 |
33.7 |
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 |
1.30 |
1.30 |
1.20 |
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Quick ratio |
1.00 |
1.10 |
0.90 |
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Current liabilities to net worth |
0.02% |
0.03% |
0.04% |
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Sales per employee |
0.57 |
0.61 |
0.59 |
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Profit per employee |
0.03 |
0.05 |
0.03 |
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Average wage per employee |
0.04 |
0.03 |
0.03 |
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Net worth |
7.2 |
8.3 |
6.5 |
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Number of employees |
58 |
58 |
55 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.57.22 |
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UK Pound |
1 |
Rs.89.42 |
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Euro |
1 |
Rs.71.46 |
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.