MIRA INFORM REPORT
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Report Date : |
12.03.2012 |
IDENTIFICATION DETAILS
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Name : |
INOXTREND SRL |
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Registered Office : |
Via Serenissima 1, Santa Lucia Di Piave, 31025 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
18.11.1999 |
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Com. Reg. No.: |
03485730265 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
manufacture of domestic electric appliances |
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No. of Employees
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40 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Inoxtrend SRL
Via Serenissima 1
Santa Lucia Di Piave, 31025
Italy
Tel: +39 0438 456990
Fax: +39 0438 451710
Synthesis
Employees: 40
Company Type: Private Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: INOXTREND PRODUCT SNC DI CATTELAN
BARAZZA E C.
Incorporation Date:
18-Nov-1999
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 5.4
Total Assets: 3.0
Business Description
Inoxtrend SRL is primarily engaged in manufacture of domestic electric appliances (refrigerators and freezers, dishwashers, washing and drying machines, vacuum cleaners, floor polishers, waste disposers, grinders, blenders, juice squeezers, tin openers, electric shavers, electric tooth brushes, knife sharpeners, ventilating or recycling hoods0; manufacture of domestic electro-thermic appliances (electric water heaters; electric blankets, electric dryers, combs, brushes, curlers; electric smoothing irons; space heaters and household type fans; electric ovens, micro-wave ovens, cookers, hot plates, toasters, coffee or tea makers, frying- pans, roasters, grills, electric heating resistors, etc.).
Industry
Industry Appliance and Tool
ANZSIC 2006: 244 - Domestic
Appliance Manufacturing
NACE 2002: 2971 - Manufacture
of electric domestic appliances
NAICS 2002: 3352 - Household
Appliance Manufacturing
UK SIC 2003: 2971 - Manufacture
of electric domestic appliances
US SIC 1987: 3639 - Household
Appliances, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Aldo Barazza |
President |
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Eros Cattelan |
Managing director |
Registered No.(ITA): 03485730265
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 Serenissima 1
Santa Lucia Di Piave, 31025
Italy
Tel: +39 0438 456990
Fax: +39 0438 451710
Sales EUR(mil): 4.1
Assets EUR(mil): 2.2
Employees: 40
Fiscal Year End: 31-Dec-2010
Industry: Appliance and Tool
Incorporation Date: 18-Nov-1999
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(ITA): 03485730265
Managing director: Eros
Cattelan
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2469 - Other Specialised Machinery and Equipment Manufacturing
3739 - Other Goods Wholesaling Not Elsewhere Classified
244 - Domestic Appliance Manufacturing
NACE 2002 Codes:
2971 - Manufacture of electric domestic appliances
2953 - Manufacture of machinery for food, beverage and tobacco
processing
5190 - Other wholesale
NAICS 2002 Codes:
333294 - Food Product Machinery Manufacturing
3352 - Household Appliance Manufacturing
423990 - Other Miscellaneous Durable Goods Merchant Wholesalers
US SIC 1987:
3556 - Food Products Machinery
5099 - Durable Goods, Not Elsewhere Classified
3639 - Household Appliances, Not Elsewhere Classified
UK SIC 2003:
2953 - Manufacture of machinery for food, beverage and tobacco
processing
5190 - Other wholesale
2971 - Manufacture of electric domestic appliances
Business
Description
Inoxtrend SRL is
primarily engaged in manufacture of domestic electric appliances (refrigerators
and freezers, dishwashers, washing and drying machines, vacuum cleaners, floor
polishers, waste disposers, grinders, blenders, juice squeezers, tin openers,
electric shavers, electric tooth brushes, knife sharpeners, ventilating or
recycling hoods0; manufacture of domestic electro-thermic appliances (electric
water heaters; electric blankets, electric dryers, combs, brushes, curlers;
electric smoothing irons; space heaters and household type fans; electric
ovens, micro-wave ovens, cookers, hot plates, toasters, coffee or tea makers,
frying- pans, roasters, grills, electric heating resistors, etc.).
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Corporate
Family |
Corporate
Structure News: |
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Inoxtrend SRL |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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INOXTREND PRODUCT SNC DI CATTELAN BARAZZA E C. |
Parent |
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Subsidiary |
Santa Lucia Di Piave, Treviso |
Italy |
Appliance and Tool |
5.4 |
40 |
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Executive report
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Executives |
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President |
President |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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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 |
5.5 |
5.0 |
5.7 |
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Net sales |
5.4 |
5.0 |
5.6 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Raw materials and consumables employed |
2.1 |
1.9 |
2.6 |
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Other expenses |
0.8 |
0.8 |
0.8 |
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Total payroll costs |
1.7 |
1.6 |
1.8 |
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Fixed asset depreciation and amortisation |
0.1 |
0.1 |
0.1 |
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Other operating costs |
0.0 |
0.0 |
0.0 |
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Net operating
income |
0.8 |
0.5 |
0.4 |
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Total financial
income |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.0 |
0.0 |
0.0 |
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Profit before tax |
0.8 |
0.5 |
0.4 |
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Extraordinary result |
0.0 |
0.0 |
0.0 |
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Profit after extraordinary items and
before tax |
0.8 |
0.5 |
0.4 |
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Total taxation |
0.3 |
0.2 |
0.2 |
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Net profit |
0.5 |
0.3 |
0.2 |
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 |
1.2 |
1.0 |
0.8 |
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Provision for risks |
0.0 |
0.0 |
0.0 |
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Provision for pensions |
0.4 |
0.4 |
0.3 |
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Other current liabilities |
1.4 |
1.1 |
1.2 |
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Total current
liabilities |
1.4 |
1.1 |
1.2 |
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Total
liabilities (including net worth) |
3.0 |
2.4 |
2.3 |
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Intangibles |
0.1 |
0.1 |
0.1 |
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Total tangible
fixed assets |
0.2 |
0.2 |
0.2 |
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Total financial
assets |
0.2 |
0.2 |
0.2 |
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Total
non-current assets |
0.5 |
0.5 |
0.5 |
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Net stocks and work in progress |
0.1 |
0.1 |
0.2 |
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Other receivables |
1.0 |
0.8 |
0.8 |
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Cash and liquid assets |
0.9 |
0.5 |
0.6 |
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Marketable securities |
0.5 |
0.5 |
0.1 |
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Accruals |
0.0 |
0.0 |
0.0 |
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Total current
assets |
2.5 |
1.9 |
1.8 |
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Total assets |
3.0 |
2.4 |
2.3 |
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 |
1.80 |
1.80 |
1.50 |
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Quick ratio |
1.70 |
1.70 |
1.40 |
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Current liabilities to net worth |
0.01% |
0.01% |
0.01% |
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Sales per employee |
- |
0.09 |
0.10 |
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Average wage per employee |
- |
0.03 |
0.03 |
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Net worth |
1.2 |
1.0 |
0.8 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.02 |
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UK Pound |
1 |
Rs.79.00 |
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Euro |
1 |
Rs.66.18 |
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.