MIRA
INFORM REPORT
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Report Date : |
26.11.2012 |
IDENTIFICATION DETAILS
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Name : |
EUROMA MACCHINE SRL |
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Registered Office : |
Via Massimo D'Antona 2, Zola Predosa, 40069 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
25.07.1979 |
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Com. Reg. No.: |
02096010372 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
manufacturer
of machine tools for working stone, wood and similar hard material; presses
for the manufacture of particle board |
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No. of Employees : |
27 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
ITALY - ECONOMIC OVERVIEW
Italy has a
diversified industrial economy, which is divided into a developed industrial
north, dominated by private companies, and a less-developed, welfare-dependent,
agricultural south, with high unemployment. The Italian economy is driven in large
part by the manufacture of high-quality consumer goods produced by small and
medium-sized enterprises, many of them family owned. Italy also has a sizable
underground economy, which by some estimates accounts for as much as 17% of
GDP. These activities are most common within the agriculture, construction, and
service sectors. Italy is the third-largest economy in the euro-zone, but
exceptionally high public debt burdens and structural impediments to growth
have rendered it vulnerable to scrutiny by financial markets. Public debt has
increased steadily since 2007, reaching 120% of GDP in 2011, and borrowing
costs on sovereign government debt have risen to record levels. During the
second half of 2011 the government passed a series of three austerity packages
to balance its budget by 2013 and decrease its public debt burden. These
measures included a hike in the value-added tax, pension reforms, and cuts to
public administration. The government also faces pressure from investors and
European partners to address Italy's long-standing structural impediments to
growth, such as an inflexible labor market and widespread tax evasion. The
international financial crisis worsened conditions in Italy''s labor market,
with unemployment rising from 6.2% in 2007 to 8.4% in 2011, but in the
longer-term Italy''s low fertility rate and quota-driven immigration policies
will increasingly strain its economy. The euro-zone crisis along with Italian
austerity measures have reduced exports and domestic demand, slowing Italy''s recovery.
Italy''s GDP is still 5% below its 2007 pre-crisis level.
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Source : CIA |
Company name & address
Euroma Macchine SRL
Via Massimo D'Antona 2
Zola Predosa, 40069
Italy
Tel: +39 0517 55423
Fax: +39 0517 52502
Synthesis
Employees: 27
Company Type: Private Independent
Incorporation Date:
25-Jul-1979
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Euro
Annual Sales: 6.4
Total Assets: 5.5
Business Description
Euroma Macchine SRL is primarily engaged in manufacture of machine tools for working stone, wood and similar hard material; presses for the manufacture of particle board and the like; manufacture of soldering, brazing and welding tools; surface tempering and hot spraying machines and apparatus; manufacture of tool holders and self-opening dieheads; manufacture of work holders for machine tools; manufacture of dividing heads and other special attachments for machine tools; manufacture of parts and accessories for wood, cork, hard rubber and similar hard materials working machine tools; and manufacture of parts and accessories for welding equipment.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2463 - Machine
Tool and Parts Manufacturing
NACE 2002: 2943 - Manufacture
of other machine tools not elsewhere classified
NAICS 2002: 33351 -
Metalworking Machinery Manufacturing
UK SIC 2003: 2943 - Manufacture
of other machine tools not elsewhere classified
UK SIC 2007: 2849 - Manufacture
of other machine tools
US SIC 1987: 3549 -
Metalworking Machinery, Not Elsewhere Classified
Key Executives
Name Title
Valerio Veronesi Sole
administrator
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
Via Massimo D'Antona 2
Zola Predosa, 40069
Italy
Tel: +39 0517 55423
Fax: +39 0517 52502
Sales EUR(mil): 4.6
Assets EUR(mil): 4.3
Employees: 27
Fiscal Year End: 31-Dec-2011
Industry: Miscellaneous Capital Goods
Incorporation Date: 25-Jul-1979
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(ITA): 02096010372
Sole administrator: Valerio
Veronesi
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2463 - Machine Tool and Parts Manufacturing
NACE 2002 Codes:
2943 - Manufacture of other machine tools not elsewhere classified
NAICS 2002 Codes:
33351 - Metalworking Machinery Manufacturing
US SIC 1987:
3549 - Metalworking Machinery, Not Elsewhere Classified
UK SIC 2003:
2943 - Manufacture of other machine tools not elsewhere classified
UK SIC 2007:
2849 - Manufacture of other machine tools
Business
Description
Euroma Macchine
SRL is primarily engaged in manufacture of machine tools for working stone,
wood and similar hard material; presses for the manufacture of particle board
and the like; manufacture of soldering, brazing and welding tools; surface
tempering and hot spraying machines and apparatus; manufacture of tool holders
and self-opening dieheads; manufacture of work holders for machine tools;
manufacture of dividing heads and other special attachments for machine tools;
manufacture of parts and accessories for wood, cork, hard rubber and similar
hard materials working machine tools; and manufacture of parts and accessories
for welding equipment.
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Executive report
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Executives |
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Sole administrator |
President |
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Annual Profit & Loss
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Total income |
7.3 |
3.5 |
2.6 |
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Net sales |
6.4 |
2.8 |
2.5 |
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Other operating income |
0.1 |
0.2 |
0.2 |
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Raw materials and consumables employed |
2.3 |
0.5 |
0.4 |
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Other expenses |
2.4 |
1.2 |
0.9 |
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Total payroll costs |
1.8 |
1.2 |
0.8 |
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Fixed asset depreciation and amortisation |
0.3 |
0.3 |
0.2 |
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Other operating costs |
0.1 |
0.1 |
0.1 |
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Net operating income |
0.4 |
0.2 |
0.1 |
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Total financial income |
- |
0.0 |
0.0 |
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Total expenses |
0.1 |
0.1 |
0.1 |
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Profit before tax |
0.3 |
0.1 |
0.1 |
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Profit after extraordinary items and before tax |
0.3 |
0.1 |
0.1 |
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Total taxation |
0.2 |
0.1 |
0.1 |
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Net profit |
0.1 |
0.0 |
0.0 |
Annual Balance
Sheet
Financials in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
0.3 |
0.2 |
0.2 |
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Provision for risks |
0.0 |
0.0 |
- |
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Provision for pensions |
0.4 |
0.4 |
0.4 |
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Mortgages and loans |
0.5 |
0.6 |
0.6 |
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Trade creditors |
1.8 |
0.8 |
0.7 |
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Bank loans and overdrafts |
1.4 |
1.0 |
0.9 |
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Other current liabilities |
1.2 |
0.5 |
0.2 |
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Accruals and deferred income |
- |
0.0 |
0.0 |
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Total current liabilities |
4.4 |
2.4 |
1.7 |
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Total liabilities (including net worth) |
5.5 |
3.5 |
3.0 |
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Intangibles |
0.2 |
0.2 |
0.4 |
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Total tangible fixed assets |
0.7 |
0.5 |
0.3 |
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Total financial assets |
0.1 |
0.1 |
0.1 |
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Total non-current assets |
1.0 |
0.8 |
0.7 |
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Net stocks and work in progress |
2.0 |
1.3 |
0.8 |
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Trade debtors |
2.3 |
1.3 |
1.3 |
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Other receivables |
0.2 |
0.1 |
0.1 |
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Cash and liquid assets |
0.0 |
0.0 |
0.0 |
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Accruals |
0.0 |
0.0 |
0.1 |
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Total current assets |
4.6 |
2.7 |
2.3 |
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Total assets |
5.5 |
3.5 |
3.0 |
Annual Ratios
Financials in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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 |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.00 |
1.10 |
1.30 |
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Quick ratio |
0.60 |
0.60 |
0.80 |
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Current liabilities to net worth |
0.16% |
0.13% |
0.10% |
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Sales per employee |
- |
0.12 |
0.09 |
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Average wage per employee |
- |
0.05 |
0.03 |
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Net worth |
0.3 |
0.2 |
0.2 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.34 |
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UK Pound |
1 |
Rs.88.30 |
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Euro |
1 |
Rs.71.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.