MIRA INFORM REPORT

 

 

Report Date :

05.05.2012

 

IDENTIFICATION DETAILS

 

Name :

I.E. PARK SRL SOLI BUMPER CARS

 

 

Registered Office :

Via Don P. Borghi 3 Praticello Gattatico, 42043

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

13.12.1975

 

 

Com. Reg. No.:

0036968035

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Manufacture of Weighing Machinery

 

 

No. of Employees :

24

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

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 31, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Italy

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

Company name and address

 

I.E. Park SRL Soli Bumper Cars

                       

 

Via Don P. Borghi 3 Praticello Gattatico, 42043 Italy

Tel: +39 0522 678526

Fax:+39 0522 678750

 

Employees:                   24

Company Type:             Private Independent

                            

Incorporation Date: 13-Dec-1975

 

Financials in:                 USD (mil)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:                8.1

Total Assets:                 9.5

 

 

Business Description

 

I.E. Park SRL Soli Bumper Cars is primarily engaged in manufacture of weighing machinery (other than sensitive laboratory balances): household and shop scales, platform scales, scales for continuous weighing, weigh-bridges, weights, etc.; manufacture of filtering or purifying machinery and apparatus for liquids; manufacture of equipment for projecting, dispersing or spraying liquids or powders (manufacture of spray guns, fire extinguishers, sand blasting machines, steam cleaning machines, etc.); manufacture of packing and wrapping machinery (manufacture of filling, closing, sealing, capsuling or labelling machines, etc.); manufacture of machinery for cleaning or drying bottles and for aerating beverages; manufacture of distilling or rectifying plant for petroleum refineries, chemical industries, beverage industries, etc.; manufacture of gas generators; manufacture of calendering or other rolling machines and cylinders thereof; manufacture of centrifuges; manufacture of gaskets and similar joints made of a combination of materials or layers of the same material; and manufacture of automatic goods vending machines.

 

 

Industry

 

Industry Miscellaneous Capital Goods

ANZSIC 2006: 2499 - Other Machinery and Equipment Manufacturing Not Elsewhere Classified

NACE 2002: 2924 - Manufacture of other general purpose machinery not elsewhere classified

NAICS 2002: 33399 - All Other General Purpose Machinery Manufacturing

UK SIC 2003: 2924 - Manufacture of other general purpose machinery not elsewhere classified

US SIC 1987: 3599 - Industrial and Commercial Machinery and Equipment, Not Elsewhere Classified  

 

Key Executives

 

 

Name

Title

Franca Guerra

President

Claudia Munari

Vice president

Elena Munari

Member of the board

Andrea Munari

Member of the board

 

 

Registered No.(ITA)

 

00369680350

 

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 Don P. Borghi 3 Praticello Gattatico, 42043 Italy

 

Tel:  +39 0522 678526

Fax: +39 0522 678750

 

Sales EUR(mil):

6.1

Assets EUR(mil):

7.1

Employees:

24

Fiscal Year End:

31-Dec-2010

 

Industry:

Miscellaneous Capital Goods

Incorporation Date:

13-Dec-1975

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(ITA):

00369680350

 

Member of the board:

Andrea Munar

 

 

Industry Codes

 

ANZSIC 2006 Codes:

2229 -    Other Structural Metal Product Manufacturing

2499 -    Other Machinery and Equipment Manufacturing Not Elsewhere Classified

 

NACE 2002 Codes:

2811 -    Manufacture of metal structures and parts of structures

2924 -    Manufacture of other general purpose machinery not elsewhere classified

 

NAICS 2002 Codes:

33399 -    All Other General Purpose Machinery Manufacturing

33231 -    Plate Work and Fabricated Structural Product Manufacturing

 

US SIC 1987:

3441 -    Fabricated Structural Metal

3599 -    Industrial and Commercial Machinery and Equipment, Not Elsewhere Classified

 

UK SIC 2003:

2811 -    Manufacture of metal structures and parts of structures

2924 -    Manufacture of other general purpose machinery not elsewhere classified

 

 

Business Description

 

I.E. Park SRL Soli Bumper Cars is primarily engaged in manufacture of weighing machinery (other than sensitive laboratory balances): household and shop scales, platform scales, scales for continuous weighing, weigh-bridges, weights, etc.; manufacture of filtering or purifying machinery and apparatus for liquids; manufacture of equipment for projecting, dispersing or spraying liquids or powders (manufacture of spray guns, fire extinguishers, sand blasting machines, steam cleaning machines, etc.); manufacture of packing and wrapping machinery (manufacture of filling, closing, sealing, capsuling or labelling machines, etc.); manufacture of machinery for cleaning or drying bottles and for aerating beverages; manufacture of distilling or rectifying plant for petroleum refineries, chemical industries, beverage industries, etc.; manufacture of gas generators; manufacture of calendering or other rolling machines and cylinders thereof; manufacture of centrifuges; manufacture of gaskets and similar joints made of a combination of materials or layers of the same material; and manufacture of automatic goods vending machines.

 

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

6.1

Assets:

7.1

Current Assets:

6.9

Total Liabilities:

7.1

Net Worth:

0.8

 

Date of Financial Data:

31-Dec-2010

 

 

 

1 Year Growth

3.7%

NA

 

 

 

 

 

 

 

 

 

 

Key Corporate Relationships

 

Bank: Cassa di Risparmio di Reggio Emilia Ag

 

 

Executives Report

 

Board of Directors

 

 

Name

Title

Function

Andrea Munari

 

Member of the board

Director/Board Member

Elena Munari

 

Member of the board

Director/Board Member

 

 

Executives

 

 

Name

Title

Function

Franca Guerra

 

President

President

Claudia Munari

 

Vice president

Other

 

 

Annual Profit & Loss

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Total income

8.1

8.7

9.8

Net sales

8.1

8.2

9.3

Other operating income

0.1

0.2

0.3

Raw materials and consumables employed

4.7

5.1

5.8

Other expenses

1.5

1.7

1.7

Total payroll costs

1.3

1.4

1.4

Fixed asset depreciation and amortisation

0.1

0.1

0.2

Other operating costs

0.3

0.2

0.3

Net operating income

0.1

0.1

0.4

Total financial income

0.2

0.1

0.4

Total expenses

0.1

0.1

0.4

Profit before tax

0.3

0.2

0.4

Extraordinary result

0.0

0.0

-0.1

Profit after extraordinary items and before tax

0.3

0.2

0.3

Total taxation

0.1

0.1

0.1

Net profit

0.2

0.1

0.2

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Total stockholders equity

1.1

1.0

0.8

Provision for risks

0.3

0.3

0.3

Provision for pensions

0.5

0.6

0.5

Other long-term liabilities

0.7

-

-

Trade creditors

-

2.4

2.0

Bank loans and overdrafts

-

2.9

3.2

Other current liabilities

6.7

1.3

1.2

Accruals and deferred income

0.2

0.2

0.2

Total current liabilities

6.9

6.8

6.5

Total liabilities (including net worth)

9.5

8.6

8.1

Intangibles

0.0

0.0

0.0

Total tangible fixed assets

0.2

0.2

0.2

Total non-current assets

0.2

0.2

0.2

Finished goods

-

-

1.2

Net stocks and work in progress

1.7

2.0

1.9

Trade debtors

3.1

2.7

2.1

Other receivables

1.5

1.5

1.4

Cash and liquid assets

2.8

2.1

1.9

Marketable securities

0.1

0.1

0.7

Accruals

0.0

0.0

0.0

Total current assets

9.2

8.4

7.9

Total assets

9.5

8.6

8.1

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

1.30

1.20

1.20

Quick ratio

1.10

0.90

0.90

Current liabilities to net worth

0.06%

0.07%

0.08%

Sales per employee

0.27

0.25

0.28

Profit per employee

0.01

0.00

0.01

Average wage per employee

0.04

0.04

0.04

Net worth

1.1

1.0

0.8

Number of employees

23

23

23

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.72

UK Pound

1

Rs.86.98

Euro

1

Rs.70.69

 

 

INFORMATION DETAILS

 

Report Prepared by :

SHG

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.