MIRA INFORM REPORT

 

 

Report Date :

17.05.2012

 

IDENTIFICATION DETAILS

 

Name :

cromatos srl

 

 

Registered Office :

Via Eugenio Barsanti 28 Forli', 47100

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.06.1991

 

 

Com. Reg. No.:

02130950401

 

 

Legal Form :

Private Parent

 

 

Line of Business :

Manufacture of chemical elements except metals, industrial elemental gases and radioactive elements produced by the nuclear fuels industry

 

 

No. of Employees :

44

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

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 and address

 

Top of Form

Bottom of Form

Cromatos SRL

                                                                                                                                                

 

Via Eugenio Barsanti 28

 

 

Forli', 47100

Italy

 

Tel:

+39 0543 796191

Fax:

+39 0543 796189

 

 

 

Employees:

44

Company Type:

Private Parent

Corporate Family:

2 Companies

 

 

Incorporation Date:

01-Jun-1991

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Dec-2010

Reporting Currency:

Euro

Annual Sales:

27.3

Total Assets:

20.3

                                         

Business Description          

 

Cromatos SRL is primarily engaged in manufacture of chemical elements except metals, industrial elemental gases and radioactive elements produced by the nuclear fuels industry; manufacture of inorganic acids except nitric acid; manufacture of alkalis, lyes and other inorganic bases except ammonia; and manufacture of other inorganic compounds.

          

Industry      

 

Industry

Chemical Manufacturing

ANZSIC 2006:

1813 - Basic Inorganic Chemical Manufacturing

NACE 2002:

2413 - Manufacture of other inorganic basic chemicals

NAICS 2002:

32518 - Other Basic Inorganic Chemical Manufacturing

UK SIC 2003:

2413 - Manufacture of other inorganic basic chemicals

US SIC 1987:

2816 - Inorganic Pigments

                      

Key Executives           

   

 

Name

Title

Luciano Piancastelli

President

Alessanro Bosi

Managing director

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 Eugenio Barsanti 28
Forli', 47100
Italy

 

Tel:

+39 0543 796191

Fax:

+39 0543 796189

 

Suggest Company URL

 

Sales EUR(mil):

20.6

Assets EUR(mil):

15.1

Employees:

44

Fiscal Year End:

31-Dec-2010

 

Industry:

Chemical Manufacturing

Incorporation Date:

01-Jun-1991

Company Type:

Private Parent

Quoted Status:

Not Quoted

Registered No.(ITA):

02130950401

 

Managing director:

Alessanro Bosi

Contents

Industry Codes

Business Description

Financial Data

Subsidiaries

Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

1916

-

Paint and Coatings Manufacturing

1813

-

Basic Inorganic Chemical Manufacturing

 

NACE 2002 Codes:

2413

-

Manufacture of other inorganic basic chemicals

2430

-

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

 

NAICS 2002 Codes:

3255

-

Paint, Coating, and Adhesive Manufacturing

32518

-

Other Basic Inorganic Chemical Manufacturing

 

US SIC 1987:

2851

-

Paints, Varnishes, Lacquers, Enamels, and Allied Products

2816

-

Inorganic Pigments

 

UK SIC 2003:

2430

-

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

2413

-

Manufacture of other inorganic basic chemicals

 

Business Description

Cromatos SRL is primarily engaged in manufacture of chemical elements except metals, industrial elemental gases and radioactive elements produced by the nuclear fuels industry; manufacture of inorganic acids except nitric acid; manufacture of alkalis, lyes and other inorganic bases except ammonia; and manufacture of other inorganic compounds.

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

20.6

Assets:

15.1

Current Assets:

11.9

 

Total Liabilities:

15.1

 

Net Worth:

5.0

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

29.8%

NA

 

 

Subsidiaries

Company

Percentage Owned

Country

Chimica Tessile SRL

 

 

Ausicrom SRL

 

 

 

 

 

 

 

Key Corporate Relationships

Bank:

Cassa di Risparmio in Bologna Ag

 

 

 

 

 

 

 

 

 

 

Corporate Structure News

 

Cromatos SRL
Total Corporate Family Members: 2

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Cromatos SRL

Parent

Forli', Forli'-Cesena

Italy

Chemical Manufacturing

27.3

44

Chimica Tessile SRL

Subsidiary

Prato, Prato

Italy

Chemical Manufacturing

7.6

8

 

 

 

 

 

Executives Report

 

 

Executives

 

Name

Title

Function

Luciano Piancastelli

 

President

President

Alessanro Bosi

 

Managing director

Managing Director

Paolo Casadio

 

Managing director

Managing Director

 

 

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

27.5

22.0

24.1

Net sales

27.3

22.1

24.2

Other operating income

0.0

0.0

0.0

Raw materials and consumables employed

19.6

15.5

16.6

Other expenses

2.8

2.6

3.2

Total payroll costs

2.7

2.6

2.8

Fixed asset depreciation and amortisation

0.3

0.4

0.4

Other operating costs

0.5

0.2

0.2

Net operating income

1.6

0.7

0.9

Total financial income

-0.1

0.1

-0.2

Total expenses

0.1

0.3

0.4

Profit before tax

1.4

0.5

0.2

Extraordinary result

0.0

0.0

-

Profit after extraordinary items and before tax

1.4

0.5

0.2

Total taxation

0.5

0.3

0.2

Net profit

0.8

0.2

0.0

 

 

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

6.7

6.0

5.3

Provision for risks

0.0

0.0

0.0

Provision for pensions

0.6

0.6

0.5

Mortgages and loans

1.2

2.6

3.0

Other long-term liabilities

-

0.0

0.0

Trade creditors

4.1

3.8

4.7

Bank loans and overdrafts

6.9

5.3

5.8

Other current liabilities

0.8

0.6

0.5

Accruals and deferred income

0.0

0.0

0.0

Total current liabilities

11.8

9.7

11.0

Total liabilities (including net worth)

20.3

18.9

19.8

Intangibles

0.0

0.0

0.0

Buildings

2.0

2.3

2.4

Total tangible fixed assets

2.3

2.6

2.9

Long-term investments

1.9

2.1

2.0

Total financial assets

1.9

2.6

2.5

Receivables due after 1 year

0.1

0.1

0.1

Total non-current assets

4.4

5.4

5.5

Finished goods

0.6

0.5

0.5

Net stocks and work in progress

5.5

4.8

6.2

Trade debtors

6.1

4.8

5.0

Other receivables

4.1

3.8

2.4

Owing from participants

0.1

-

-

Cash and liquid assets

0.0

0.1

0.7

Accruals

0.0

0.0

0.0

Total current assets

15.9

13.5

14.4

Total assets

20.3

18.9

19.8

 

 

 

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

1.40

1.30

Quick ratio

0.90

0.90

0.70

Current liabilities to net worth

0.02%

0.02%

0.02%

Sales per employee

0.50

0.39

0.40

Profit per employee

0.03

0.01

0.00

Average wage per employee

0.05

0.05

0.05

Net worth

6.7

6.0

5.3

Number of employees

41

41

41

 

 

Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.29

UK Pound

1

Rs.86.61

Euro

1

Rs.68.87

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

 

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.