MIRA INFORM REPORT

 

 

Report Date :

09.05.2012

 

IDENTIFICATION DETAILS

 

Name :

YORKSHIRE COLOURS ITALIA SRL

 

 

Registered Office :

Via Monte Bianco 24, Villa Guardia, 22079

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

05.04.2005

 

 

Com. Reg. No.:

03230800249

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

manufacture of paints, varnishes and similar coatings; manufacture of printing ink; and manufacture of mastics and sealants

 

 

No. of Employees :

14

 

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 31st, 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 & address 

 

Yorkshire Colours Italia SRL

Via Monte Bianco 24

Villa Guardia, 22079

Italy

Tel:       +39 0314 83335

Fax:      +39 0314 80868

 

 

Synthesis     

 

Employees:                  14

Company Type:            Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:            CHEMITEX IMMOBILIARE SRL

Incorporation Date:         05-Apr-2005     

Financials in:                 USD (Millions)

Fiscal Year End:                       31-Dec-2010

Reporting Currency:       Euro

Annual Sales:                13.3

Total Assets:                 8.6

 

           

Business Description     

 

Yorkshire Colours Italia SRL is primarily engaged in manufacture of paints, varnishes and similar coatings; manufacture of printing ink; and manufacture of mastics and sealants.

 

Industry             

Industry            Chemical Manufacturing

ANZSIC 2006:    1916 - Paint and Coatings Manufacturing

NACE 2002:      2430 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics

NAICS 2002:     3255 - Paint, Coating, and Adhesive Manufacturing

UK SIC 2003:    2430 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics

US SIC 1987:    2851 - Paints, Varnishes, Lacquers, Enamels, and Allied Products

 

           

Key Executives   

 

Name

Title

Lino Rossi

President

Alberto Fasola

Member of the board

Antoine Henri Robert Leveugle

Member of the board

Marco Paolo Rossi

Member of the board

Maria Luisa Rossi

Member of the board

 

Registered No.(ITA): 03230800249

 

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 Bianco 24

Villa Guardia, 22079

Italy

Tel:       +39 0314 83335

Fax:      +39 0314 80868

           

Sales EUR(mil):             10.0

Assets EUR(mil):           6.4

Employees:                   14

Fiscal Year End:            31-Dec-2010

Industry:                        Chemical Manufacturing

Incorporation Date:         05-Apr-2005

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(ITA):       03230800249

Member of the board:     Alberto Fasola

 

Contents

Industry Codes

Business Description

Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

1916     -          Paint and Coatings Manufacturing

 

NACE 2002 Codes:

2430     -          Manufacture of paints, varnishes and similar coatings, printing ink and mastics

 

NAICS 2002 Codes:

3255     -          Paint, Coating, and Adhesive Manufacturing

 

US SIC 1987:

2851     -          Paints, Varnishes, Lacquers, Enamels, and Allied Products

 

UK SIC 2003:

2430     -          Manufacture of paints, varnishes and similar coatings, printing ink and mastics

 

Business Description

Yorkshire Colours Italia SRL is primarily engaged in manufacture of paints, varnishes and similar coatings; manufacture of printing ink; and manufacture of mastics and sealants.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

10.0

Assets:

6.4

Current Assets:

6.3

 

Total Liabilities:

6.4

 

Net Worth:

1.0

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

50.2%

NA

p

 

 

 

Corporate Family

Corporate Structure News:

 

Yorkshire Colours Italia SRL

Yorkshire Colours Italia SRL 
Total Corporate Family Members: 2 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

CHEMITEX IMMOBILIARE SRL

Parent

 

 

 

 

 

 

Yorkshire Colours Italia SRL

Subsidiary

Villa Guardia, Como

Italy

Chemical Manufacturing

13.3

14

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Alberto Fasola

 

Member of the board

Director/Board Member

 

Antoine Henri Robert Leveugle

 

Member of the board

Director/Board Member

 

Marco Paolo Rossi

 

Member of the board

Director/Board Member

 

Maria Luisa Rossi

 

Member of the board

Director/Board Member

 

Luigi Zenoni

 

Member of the board

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Lino Rossi

 

President

President

 

 

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

14.0

9.7

6.5

Net sales

13.3

9.3

6.0

Other operating income

0.0

0.0

0.0

Raw materials and consumables employed

9.8

7.0

4.8

Other expenses

1.5

1.0

0.6

Total payroll costs

1.2

1.1

1.1

Fixed asset depreciation and amortisation

0.1

0.1

0.0

Other operating costs

0.0

0.1

0.0

Net operating income

1.5

0.3

-0.1

Total financial income

0.0

0.0

0.0

Total expenses

0.1

0.0

0.1

Profit before tax

1.4

0.3

-0.1

Extraordinary result

-

0.0

-

Profit after extraordinary items and before tax

1.4

0.3

-0.1

Total taxation

0.5

0.1

0.0

Net profit

0.9

0.2

-

Net loss

-

-

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

1.4

0.5

0.3

Provision for risks

0.0

0.0

0.0

Provision for pensions

0.1

0.1

0.1

Other long-term liabilities

1.0

1.1

0.8

Trade creditors

3.5

3.1

1.5

Bank loans and overdrafts

1.9

1.5

1.0

Other current liabilities

0.6

0.3

0.1

Accruals and deferred income

0.1

0.1

0.1

Total current liabilities

6.1

5.0

2.7

Total liabilities (including net worth)

8.6

6.8

4.0

Intangibles

0.0

0.0

0.0

Total tangible fixed assets

0.2

0.2

0.2

Total financial assets

0.0

0.0

0.0

Receivables due after 1 year

0.0

0.0

0.0

Total non-current assets

0.3

0.2

0.2

Net stocks and work in progress

2.7

2.0

1.5

Trade debtors

5.4

4.5

2.2

Other receivables

0.1

0.0

0.0

Cash and liquid assets

0.2

0.0

-

Accruals

0.0

0.0

0.0

Total current assets

8.4

6.5

3.8

Total assets

8.6

6.8

4.0

 

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

1.40

1.30

1.40

Quick ratio

0.90

0.90

0.80

Current liabilities to net worth

0.04%

0.10%

0.08%

Sales per employee

-

0.51

0.34

Average wage per employee

-

0.06

0.06

Net worth

1.4

0.5

0.3

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.34

UK Pound

1

Rs.86.09

Euro

1

Rs.69.37

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.