MIRA INFORM REPORT
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Report Date : |
06.10.2012 |
IDENTIFICATION DETAILS
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Name : |
BANDINI SRL |
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Registered Office : |
Via Di Tor Cervara 263, Roma, 00155 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
22.05.1958 |
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Com. Reg. No.: |
00392480588 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of Gelatine and its Derivatives, Glues and Prepared Adhesives, Including Rubber Based Glues and Adhesives. |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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.
Source :
CIA
COMPANY NAME & ADDRESS
BANDINI SRL
Via Di Tor Cervara
263
Roma, 00155
Italy
Tel: +39 06 2280936
Fax: +39 06 2283495
Synthesis
Employees: 7
Company Type: Private
Independent
Incorporation
Date: 22-May-1958
Financials in: USD (Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: Euro
Annual Sales: 2.4
Total Assets: 1.4
Business Description
Bandini SRL is primarily engaged in manufacture of gelatine and its derivatives, glues and prepared adhesives, including rubber based glues and adhesives
INDUSTRY
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Industry |
Chemical
Manufacturing |
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ANZSIC 2006: |
1915 - Adhesive
Manufacturing |
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NACE 2002: |
2462 -
Manufacture of glues and gelatine |
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NAICS 2002: |
325520 -
Adhesive Manufacturing |
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UK SIC 2003: |
2462 -
Manufacture of glues and gelatine |
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UK SIC 2007: |
2052 - Manufacture
of glues |
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US SIC 1987: |
2891 - Adhesives
and Sealants |
Key Executives
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NEWS
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Title |
Date |
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Zeman's
football falls flat as Juventus meet questions of substance with style |
1-Oct-2012 |
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Bridges
Cafe |
29-Sep-2012 |
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NFL
Talkboard: week four |
28-Sep-2012 |
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Napoli
hit the summit after Cavani's hat-trick - and Klose's mea culpa |
27-Sep-2012 |
|
Plastic
not fantastic for Inter and Milan as San Siro 'curse' continues |
24-Sep-2012 |
Registered No.(ITA): 00392480588
1
- Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Location
Via Di Tor Cervara 263
Roma, 00155
Italy
Tel: +39 06 2280936
Fax: +39 06 2283495
Sales EUR(mil): 1.7
Assets EUR(mil): 1.1
Employees: 7
Fiscal Year End: 31-Dec-2011
Industry: Chemical
Manufacturing
Incorporation
Date: 22-May-1958
Company Type: Private
Independent
Quoted Status: Not Quoted
Registered
No.(ITA): 00392480588
Sole
administrator: Bandini Silvio
Industry Codes
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Business Description
Bandini SRL is primarily engaged in manufacture of gelatine and its derivatives, glues and prepared adhesives, including rubber based glues and adhesives
Financial
Data
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Key Corporate Relationships
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Executives Report
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News
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Title
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Date
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|
Zeman's football
falls flat as Juventus meet questions of substance with style |
01-Oct-2012 |
|
Bridges Cafe |
29-Sep-2012 |
|
NFL Talkboard:
week four |
28-Sep-2012 |
|
Napoli hit the
summit after Cavani's hat-trick - and Klose's mea culpa |
27-Sep-2012 |
|
Plastic not
fantastic for Inter and Milan as San Siro 'curse' continues |
24-Sep-2012 |
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NFL: 5 things we
learned in week three |
24-Sep-2012 |
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NFL Talkboard:
week three |
21-Sep-2012 |
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Milan's lack of
imagination sees them break unwanted 80-year record |
17-Sep-2012 |
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NFL: 5 things we
learned in week two |
17-Sep-2012 |
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NFL Talkboard:
Week Two |
14-Sep-2012 |
Articles
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Title |
Date
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RB Rubinetterie
Bandini SRL Develops Design Patent (214272) for Faucet |
24-Nov-2011 |
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 |
2.5 |
2.5 |
2.3 |
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Net sales |
2.4 |
2.4 |
2.4 |
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Other operating income |
0.0 |
0.1 |
0.0 |
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Raw materials and consumables employed |
1.3 |
1.4 |
1.1 |
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Other expenses |
0.7 |
0.8 |
0.6 |
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Total payroll costs |
0.3 |
0.2 |
0.4 |
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Fixed asset depreciation and amortisation |
0.0 |
0.0 |
0.0 |
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Other operating costs |
0.1 |
0.0 |
0.0 |
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Net operating
income |
0.1 |
0.1 |
0.2 |
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Total financial
income |
- |
- |
0.0 |
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Total expenses |
0.1 |
0.1 |
0.1 |
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Profit before tax |
0.0 |
0.0 |
0.1 |
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Extraordinary result |
0.0 |
0.1 |
0.0 |
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Profit after extraordinary items and
before tax |
0.0 |
0.1 |
0.1 |
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Total taxation |
0.1 |
0.1 |
0.1 |
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Net profit |
- |
0.0 |
- |
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Net loss |
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 |
0.2 |
0.3 |
0.3 |
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Provision for risks |
0.0 |
0.0 |
0.0 |
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Provision for pensions |
0.1 |
0.1 |
0.1 |
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Mortgages and loans |
0.0 |
0.1 |
0.1 |
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Other long-term liabilities |
0.1 |
0.1 |
0.0 |
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Trade creditors |
0.6 |
0.8 |
0.7 |
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Bank loans and overdrafts |
0.3 |
0.2 |
0.2 |
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Other current liabilities |
0.1 |
0.1 |
0.3 |
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Total current
liabilities |
1.0 |
1.1 |
1.2 |
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Total
liabilities (including net worth) |
1.4 |
1.6 |
1.6 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total tangible
fixed assets |
0.1 |
0.1 |
0.1 |
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Total financial
assets |
0.0 |
0.0 |
0.0 |
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Total
non-current assets |
0.1 |
0.1 |
0.1 |
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Net stocks and work in progress |
0.3 |
0.3 |
0.3 |
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Trade debtors |
0.7 |
0.8 |
0.8 |
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Other receivables |
0.1 |
0.2 |
0.1 |
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Cash and liquid assets |
- |
0.0 |
0.0 |
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Accruals |
0.2 |
0.2 |
0.3 |
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Total current
assets |
1.3 |
1.5 |
1.5 |
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Total assets |
1.4 |
1.6 |
1.6 |
Annual Ratios
Financials in: USD
(mil)
|
|
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 |
1.40 |
1.40 |
1.30 |
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Quick ratio |
1.00 |
1.20 |
1.00 |
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Current liabilities to net worth |
0.04% |
0.04% |
0.05% |
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Sales per employee |
0.35 |
0.36 |
0.34 |
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Profit per employee |
0.01 |
0.02 |
0.01 |
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Average wage per employee |
0.04 |
0.04 |
0.05 |
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Net worth |
0.2 |
0.3 |
0.3 |
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Number of employees |
5 |
5 |
5 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian
Rupees |
|
US Dollar |
1 |
Rs.51.61 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.67.17 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
RATING EXPLANATIONS
|
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 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.