MIRA
INFORM REPORT
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Report Date : |
27.03.2012 |
IDENTIFICATION DETAILS
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Name : |
CARPROMETAL SPA |
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Registered Office : |
Via Provinciale 80 Dolzago, 23843 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
16.11.1973 |
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Com. Reg. No.: |
00224870139 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Manufacture of other fabricated metal products not elsewhere classified |
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No. of Employees : |
15 |
RATING & COMMENTS
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MIRAs 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 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Carprometal SpA
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Business Description
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Carprometal SpA is primarily engaged in manufacture of metal household
articles (sauce-pans, frying pans and other non-electrical utensils for use at
the table or in the kitchen; base metal flat ware; small kitchen appliances
and accessories; and metal scouring pads); manufacture of baths, sinks, wash
basins and similar articles of base metal; manufacture of small metal goods
for office use; manufacture of safes, strong-boxes, armoured doors, etc.;
manufacture of cutlasses, swords, bayonets, etc.; manufacture of shipsβ
propellers; and manufacture of various articles in base metal (metal safety
headgear; clasps, buckles, hooks; and sign plates). |
Industry
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Industry |
Miscellaneous Fabricated Products |
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ANZSIC 2006: |
2299 - Other Fabricated Metal Product
Manufacturing Not Elsewhere Classified |
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NACE 2002: |
2875 - Manufacture of other fabricated
metal products not elsewhere classified |
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NAICS 2002: |
332999 - All Other Miscellaneous
Fabricated Metal Product Manufacturing |
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2875 - Manufacture of other fabricated
metal products not elsewhere classified |
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US SIC 1987: |
3446 - Architectural and Ornamental Metal
Work |
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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Corporate Structure News
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Carprometal SpA |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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COFRIM SRL |
Parent |
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Subsidiary |
Dolzago, |
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Miscellaneous Fabricated Products |
41.7 |
15 |
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 |
41.7 |
25.6 |
60.5 |
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Net sales |
41.7 |
25.6 |
60.2 |
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Other operating income |
- |
0.0 |
0.2 |
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Raw materials and consumables employed |
35.3 |
19.7 |
53.0 |
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Other expenses |
3.7 |
4.0 |
4.2 |
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Total payroll costs |
0.7 |
0.7 |
0.8 |
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Fixed asset depreciation and amortisation |
0.4 |
0.5 |
0.5 |
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Other operating costs |
0.4 |
0.4 |
0.5 |
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Net operating income |
1.2 |
0.4 |
1.4 |
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Total financial income |
- |
0.0 |
0.0 |
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Total expenses |
0.1 |
0.2 |
0.4 |
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Profit before tax |
1.0 |
0.2 |
1.0 |
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Extraordinary result |
0.0 |
0.1 |
0.1 |
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Profit after extraordinary items and before tax |
1.0 |
0.3 |
1.2 |
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Total taxation |
0.4 |
0.2 |
0.4 |
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Net profit |
0.6 |
0.1 |
0.7 |
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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 |
3.4 |
3.2 |
3.5 |
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Provision for risks |
0.0 |
0.1 |
0.0 |
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Provision for pensions |
0.2 |
0.2 |
0.2 |
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Mortgages and loans |
1.2 |
0.4 |
1.2 |
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Trade creditors |
4.8 |
2.5 |
4.8 |
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Bank loans and overdrafts |
5.4 |
5.3 |
3.6 |
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Other current liabilities |
0.6 |
0.3 |
0.5 |
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Accruals and deferred income |
0.0 |
0.0 |
0.0 |
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Total current liabilities |
10.8 |
8.1 |
8.9 |
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Total liabilities (including net worth) |
15.5 |
11.9 |
13.9 |
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Intangibles |
0.3 |
0.3 |
0.1 |
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Buildings |
2.2 |
2.5 |
2.7 |
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Total tangible fixed assets |
2.9 |
3.3 |
3.8 |
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Total financial assets |
0.4 |
0.5 |
0.5 |
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Receivables due after 1 year |
0.2 |
0.1 |
0.2 |
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Loans to associated companies |
0.4 |
0.4 |
0.4 |
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Total non-current assets |
3.8 |
4.2 |
4.5 |
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Finished goods |
1.4 |
0.9 |
0.8 |
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Net stocks and work in progress |
1.4 |
0.9 |
0.8 |
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Trade debtors |
9.2 |
5.9 |
7.9 |
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Other receivables |
0.6 |
0.6 |
0.6 |
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Cash and liquid assets |
0.6 |
0.3 |
0.0 |
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Accruals |
0.0 |
0.1 |
0.0 |
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Total current assets |
11.8 |
7.8 |
9.3 |
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Total assets |
15.5 |
11.9 |
13.9 |
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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 |
1.10 |
1.00 |
1.00 |
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Quick ratio |
1.00 |
0.90 |
1.00 |
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Current liabilities to net worth |
0.03% |
0.03% |
0.03% |
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Sales per employee |
2.25 |
1.31 |
2.42 |
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Profit per employee |
0.05 |
0.01 |
0.05 |
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Average wage per employee |
0.04 |
0.04 |
0.03 |
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Net worth |
3.4 |
3.2 |
3.5 |
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Number of employees |
14 |
14 |
15 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.30 |
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1 |
Rs.81.36 |
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Euro |
1 |
Rs.67.97 |
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 |
-- |
This score serves as a reference to assess SCs 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.