MIRA INFORM REPORT
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Report Date : |
21.03.2012 |
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Tel. No.: |
39 045 8778151/52 |
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Fax No.: |
39 045 8779024 |
IDENTIFICATION DETAILS
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Name : |
VI.BE.MAC. SPA |
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Registered Office : |
Via Monte Pastello 7/I, San Giovanni Lupatoto, 37057 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
26.09.1980 |
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Com. Reg. No.: |
01264050236 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
manufacture
of textile machinery |
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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
Vi.Be.Mac. SpA
Via Monte Pastello 7/I
San Giovanni Lupatoto, 37057
Italy
Tel: +39 0458 778151
Fax: +39 0458 779024
Synthesis
Employees: 40
Company Type: Public Independent
Incorporation Date:
26-Sep-1980
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 14.2
Total Assets: 12.7
Business Description
Vi.Be.Mac. SpA 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).
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2469 - Other
Specialised Machinery and Equipment Manufacturing
NACE 2002: 2954 - Manufacture
of machinery for textile, apparel and leather production
NAICS 2002: 333292 - Textile
Machinery Manufacturing
UK SIC 2003: 2954 - Manufacture
of machinery for textile, apparel and leather production
US SIC 1987: 3552 - Textile
Machinery
Key Executives
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Name |
Title |
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Giovanna Vinco |
President |
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Carlo Guerreschi |
Member of the board |
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Enrico Guerreschi |
Member of the board |
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Elena Guerreschi |
Member of the board |
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Alberto Guerreschi |
Managing director |
Registered No.(ITA): 01264050236
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 Monte Pastello 7/I
San Giovanni Lupatoto, 37057
Italy
Tel: +39 0458 778151
Fax: +39 0458 779024
Sales EUR(mil): 10.8
Assets EUR(mil): 9.5
Employees: 40
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous Capital Goods
Incorporation Date: 26-Sep-1980
Company Type: Public Independent
Quoted Status: Not Quoted
Registered No.(ITA): 01264050236
Managing director: Alberto
Guerreschi
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
9429 - Other Machinery and Equipment Repair and Maintenance
3411 - Agricultural and Construction Machinery Wholesaling
2469 - Other Specialised Machinery and Equipment Manufacturing
NACE 2002 Codes:
2954 - Manufacture of machinery for textile, apparel and leather
production
5274 - Repair not elsewhere classified
5182 - Wholesale of mining, construction and civil engineering
machinery
NAICS 2002 Codes:
333292 - Textile Machinery Manufacturing
811490 - Other Personal and Household Goods Repair and Maintenance
423810 - Construction and Mining (except Oil Well) Machinery and
Equipment Merchant Wholesalers
US SIC 1987:
5082 - Construction and Mining (Except Petroleum) Machinery and
Equipment
7699 - Repair Shops and Related Services, Not Elsewhere Classified
3552 - Textile Machinery
UK SIC 2003:
5274 - Repair not elsewhere classified
5182 - Wholesale of mining, construction and civil engineering
machinery
2954 - Manufacture of machinery for textile, apparel and leather
production
Business
Description
Vi.Be.Mac. SpA 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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Executive report
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Board
of Directors |
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Member of the board |
Director/Board Member |
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Member of the board |
Director/Board Member |
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Member of the board |
Director/Board Member |
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Executives |
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President |
President |
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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 |
14.3 |
11.1 |
20.4 |
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Net sales |
14.2 |
11.0 |
20.2 |
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Other operating income |
0.1 |
0.1 |
0.2 |
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Raw materials and consumables employed |
6.1 |
5.5 |
10.7 |
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Other expenses |
3.4 |
2.5 |
5.2 |
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Total payroll costs |
2.1 |
2.0 |
2.3 |
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Fixed asset depreciation and amortisation |
0.2 |
0.3 |
0.3 |
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Other operating costs |
0.0 |
0.1 |
0.1 |
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Net operating
income |
2.5 |
0.8 |
1.8 |
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Total financial
income |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.0 |
0.1 |
0.3 |
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Profit before tax |
2.5 |
0.7 |
1.5 |
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Extraordinary result |
0.0 |
0.1 |
0.1 |
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Profit after extraordinary items and
before tax |
2.4 |
0.8 |
1.6 |
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Total taxation |
0.8 |
0.3 |
0.7 |
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Net profit |
1.6 |
0.5 |
0.9 |
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 |
6.4 |
5.2 |
1.9 |
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Provision for risks |
0.8 |
0.9 |
0.8 |
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Provision for pensions |
0.6 |
0.6 |
0.8 |
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Mortgages and loans |
1.0 |
- |
- |
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Trade creditors |
2.5 |
3.1 |
3.3 |
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Bank loans and overdrafts |
0.4 |
1.5 |
1.6 |
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Other current liabilities |
1.0 |
1.5 |
3.9 |
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Accruals and deferred income |
- |
0.0 |
- |
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Total current
liabilities |
3.9 |
6.0 |
8.7 |
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Total
liabilities (including net worth) |
12.7 |
12.7 |
12.3 |
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Intangibles |
0.1 |
0.1 |
0.1 |
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Buildings |
0.0 |
0.0 |
0.0 |
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Total tangible
fixed assets |
0.2 |
0.4 |
0.6 |
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Total
non-current assets |
0.4 |
0.5 |
0.7 |
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Finished goods |
2.7 |
3.4 |
4.9 |
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Net stocks and work in progress |
2.7 |
3.4 |
4.9 |
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Trade debtors |
6.4 |
4.9 |
5.2 |
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Other receivables |
0.2 |
0.7 |
0.9 |
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Cash and liquid assets |
3.0 |
3.1 |
0.6 |
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Accruals |
0.0 |
0.0 |
0.0 |
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Total current
assets |
12.4 |
12.1 |
11.5 |
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Total assets |
12.7 |
12.7 |
12.3 |
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 |
3.20 |
2.00 |
1.30 |
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Quick ratio |
2.50 |
1.50 |
0.80 |
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Current liabilities to net worth |
0.01% |
0.01% |
0.05% |
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Sales per employee |
0.27 |
0.20 |
0.30 |
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Profit per employee |
0.05 |
0.01 |
0.02 |
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Average wage per employee |
0.04 |
0.04 |
0.03 |
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Net worth |
6.4 |
5.2 |
1.9 |
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Number of employees |
40 |
40 |
46 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.25 |
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UK Pound |
1 |
Rs.79.76 |
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Euro |
1 |
Rs.66.52 |
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.