MIRA INFORM REPORT
|
Report Date : |
11.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
COLOR SERVICE SRL |
|
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|
Registered Office : |
Via Divisione Julia 15 Dueville, 36031 |
|
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Country : |
Italy |
|
|
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|
|
|
Financials (as on) : |
31.12.2011 |
|
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Date of Incorporation : |
30.03.1984 |
|
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|
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Com. Reg. No.: |
01660830249 |
|
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of machinery for working soft rubber or plastics or for the manufacture of products of these materials (extruders, moulders, pneumatic tyre making or retreading machines and other machines for making a specific rubber or plastic product) |
|
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|
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|
No. of Employees : |
33 |
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 : |
Slow |
|
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
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 and address
Color Service SRL
|
|
|
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Business Description
|
Color Service SRL is primarily engaged in manufacture of machinery for
working soft rubber or plastics or for the manufacture of products of these
materials (extruders, moulders, pneumatic tyre making or retreading machines
and other machines for making a specific rubber or plastic product);
manufacture of printing and bookbinding machines; manufacture of machinery
for producing tiles, bricks, shaped ceramic pastes, pipes, graphite
electrodes, blackboard chalk, foundry moulds, etc.; manufacture of moulding boxes
for any material; mould bases; moulding patterns; moulds; manufacture of
dryers for wood, paper pulp, paper or paperboard; manufacture of centrifugal
clothes dryers; manufacture of diverse special machinery and equipment
(machines to assemble electric or electronic lamps, tubes (valves) or bulbs;
machines for production or hot-working of glass or glassware, glass fibre or
yarn; machinery or apparatus for isotopic separation; rope-making machinery,
etc.); and manufacture of industrial robots for multiple uses. |
Industry
Key Executives
|
News
|
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate
Overview
|
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Executives
Report
|
Pantone and X-Rite Introduce PantoneLIVE; Allows Brand Owners to Manage Color in the Cloud
Pantone LLC
Information
Technology Newsweekly
07 March 2012
|
[What follows is
the full text of the news story.] X-Rite,
Incorporated (NASDAQ: XRIT) and Pantone LLC, today unveiled PantoneLIVE�, a
cloud-based color service that provides instant access to essential brand
color standards. PantoneLIVE is the first service under the Pantone Digital
Business Unit, a newly created division of X-Rite that is the byproduct of
Pantone's expertise as the world's color authority and X-Rite's color science
and technology leadership. From chocolates
and champagne to soda and stilettos, the past year has been wrought with
cases of counterfeiting, deception and consumer confusion - all tied to the
ubiquitous colors that uniquely identify brands. Cadbury and Veuve Clicquot
were involved in high-profile legal battles to own their brand colors, while
Christian Louboutin fought to trademark its signature red soles. With color
so critically tied to brand identity, inconsistent brand color can lead to a
lack of consumer confidence and lost sales. In a recent
survey conducted by the Pantone Color Institute*, more than 70 percent of
creatives noted that brand color definitions, accuracy and consistency in
creating products or packaging are important to their business, while 42
percent indicated that color-related challenges have a negative impact on
their company. "Nearly 50 years ago, Pantone brought consistency and a
common language to an industry that lacked standardization. Historically an
analog process, reliant on centuries' old color alchemy, printing and
production have advanced with technology in the digital age," said Ron
Potesky, senior vice president and general manager of Pantone.
"PantoneLIVE digitizes the process, taking it from visual and subjective
to consistent and repeatable - significantly reducing production timelines
and improving the bottom line." "PantoneLIVE
represents a transformational change in color management for brand owners
across their entire supply chain," explained Tom Vacchiano, president
and CEO of X-Rite. "Our own Dr. Sonia Megert, whose vision for the
digital supply chain led to the development of PantoneLIVE, will head the new
Pantone Digital Business Unit." "Globally
consistent color standards are essential to brand identity. With supply
chains made up of hundreds of different facilities scattered around the
world, corporations struggle to control and maintain color consistency,"
said Dr. Megert. "PantoneLIVE is a dynamic ecosystem, open to all supply
chain participants, which delivers consistent color across the entire
packaging workflow - from design concept to retail store shelves." Brand color standards
are the principal component of PantoneLIVE and are derived from real ink on
real substrates using real printing processes. This allows brand owners to
predict how corporate spot colors will reproduce on a wide variety of
substrates including brown corrugated, clear film and white polypropylene. A
brand's color assets, analogous to a brand's color DNA, are managed and
maintained in a secure cloud-based data repository to ensure accurate color
communication - to any supplier, around the world. "The benefits
of using PantoneLIVE are clear," says Nigel Dickie, director of
corporate and government affairs for Heinz (see Beanz Meanz Heinz and Knowing
about Color case study). "The digital tools gave us unprecedented
control and consistency from different print processes and materials. Across
all of our packaging formats we saw a reduction in color variance of 50
percent and saved time by establishing one color target that can be applied
to all our Heinz Beanz designs. The results with our Beanz packaging have
been so remarkable that we plan to extend PantoneLIVE to additional product
lines, including Heinz soups and Spaghetti Hoops." While accurate
color is important to the brand identity of consumer packaged goods,
protecting brand integrity in the pharmaceutical industry is crucial as
counterfeit drugs put the health of consumers at risk. Chesapeake (see
Accurate Brand Colors Help Stem Drug Counterfeiting case study), a global
producer of consumer packaging for many of the world's leading pharmaceutical
companies, turned to PantoneLIVE to increase consistency in its customers'
packaging. When it comes to pharmaceuticals and over-the-counter medications,
even the slightest variation in packaging color can make a product suspect
and the brand vulnerable to counterfeiting. On one job, for
example, Chesapeake was able to reduce color variation by 84 percent and
improve process controls, which led to zero rejections from the print run and
100 percent client approval. PantoneLIVE is creating another positive impact
on Chesapeake's business. The company previously stocked as many as 3,000
different inks in its Leicester, U.K. plant and now stores only 537 without
reducing color choices. PantoneLIVE is
connected to a large portfolio of software, containing real-world color data
for hundreds of thousands of colors, and is supported by the latest color
measurement technology. This is combined with professional services including
workflow and color rationalization audits, and customized operating
procedures from Pantone and X-Rite. Custom and bespoke spectral data, as well
as metadata, are used to digitize brand colors. Digitized palettes are then
expanded to create independent color standards to allow for accurate color
reproduction on a variety of substrates. Brand color
data, equivalent to a digital color swatch, is stored in a secure,
cloud-based portal that lets brand owners and other approved members of the
supply chain manage digital rights and facilitate color communication across
all materials in the production process. This centralized color communication
process promotes consistency and helps achieve speed to market efficiencies
from initial design to final production. The portal also provides direction
to suppliers to meet brand requirements related to color quality. Industry
Support While users of any manufacturer's ink will be able to take advantage
of PantoneLIVE, Sun Chemical (see Sun Chemical press release) is the
preferred ink partner. Esko (see Esko press release), a global supplier of
integrated solutions for packaging, sign and display finishing, commercial
printing and professional publishing, is also a preferred partner supporting
PantoneLIVE. Both companies worked closely with Pantone and X-Rite to develop
PantoneLIVE. Sun Chemical's technology and color data are the foundations for
PantoneLIVE, and this technology is integrated into Esko's solutions. In addition,
Windmoller & Holscher, a leading supplier of flexographic central
impression and rotogravure printing presses, is recognized as the PantoneLIVE
technology partner, serving the flexible packaging industry. In this unique
capacity, Windmoller & Holscher will extend the capability of their EASY
COL on-press color matching solution to incorporate access to the PantoneLIVE
ecosystem, thereby allowing converters to reduce press set-up times and in
turn assure the quality of important brand colors on press. Pantone and
X-Rite are continuing to work with leading vendors to integrate and enhance
their solutions with PantoneLIVE. This approach will offer customers real
value in the color management and color communications process, while leaving
much of their current investments in place. Pricing and Availability Access
to the PantoneLIVE database starts at $99 USD (�63 GBP, �76 EUR) annually
for a designer, $1,150 USD (�730 GBP, �885 EUR) annually for
preproduction and from $2,000 USD (�1,275 GBP, �1,540 EUR) to $2,650 USD
(�1,690 GBP, �2,040 EUR) annually for production. A color audit for a
brand owner starts at $4,500 USD (�2,870 GBP, �3,460 EUR). Additional
fees apply depending on services and scope required. PantoneLIVE solutions
will be available June 15. For more information, please see www.pantone.com/live.
About X-Rite X-Rite, Incorporated, is the global leader in color science and
technology. The company, which now includes color industry leader Pantone,
develops, manufactures, markets and supports innovative color solutions
through measurement systems, software, color standards and services. X-Rite's
expertise in inspiring, selecting, measuring, formulating, communicating and
matching color helps users get color right the first time and every time,
which translates to better quality and reduced costs. X-Rite serves a range
of industries, including printing, packaging, photography, graphic design,
video, automotive, paints, plastics, textiles, dental and medical. For
further information, please visit www.xrite.com. About Pantone Pantone LLC,
a wholly owned subsidiary of X-Rite, Incorporated, has been the world's color
authority for nearly 50 years, providing design professionals with products
and services for the colorful exploration and expression of creativity.
Always a source for color inspiration, Pantone also offers paint and
designer-inspired products and services for consumers. More information is
available at www.pantone.com. |
|
Pantone and X-Rite Introduce PantoneLIVE; Allows Brand Owners to Manage
Color in the Cloud
Business Wire
01 March 2012
|
[What follows is
the full text of the news story.] Delivers color
DNA based on real ink, on real substrates with real printing processes for
predictable, repeatable results GRAND RAPIDS, Mich.--(BUSINESS
WIRE)-- X-Rite, Incorporated (NASDAQ: XRIT) and Pantone LLC, today unveiled
PantoneLIVE�, a cloud-based color service that provides instant access to
essential brand color standards. PantoneLIVE is the first service under the
Pantone Digital Business Unit, a newly created division of X-Rite that is the
byproduct of Pantone�s expertise as the world�s color authority and
X-Rite�s color science and technology leadership. From chocolates
and champagne to soda and stilettos, the past year has been wrought with
cases of counterfeiting, deception and consumer confusion � all tied to the
ubiquitous colors that uniquely identify brands. Cadbury and Veuve Clicquot
were involved in high-profile legal battles to own their brand colors, while Christian
Louboutin fought to trademark its signature red soles. With color so
critically tied to brand identity, inconsistent brand color can lead to a
lack of consumer confidence and lost sales. In a recent
survey conducted by the Pantone Color Institute*, more than 70 percent of
creatives noted that brand color definitions, accuracy and consistency in
creating products or packaging are important to their business, while 42
percent indicated that color-related challenges have a negative impact on
their company. �Nearly 50 years ago, Pantone brought consistency and a
common language to an industry that lacked standardization. Historically an
analog process, reliant on centuries� old color alchemy, printing and
production have advanced with technology in the digital age,� said Ron
Potesky, senior vice president and general manager of Pantone. �PantoneLIVE
digitizes the process, taking it from visual and subjective to consistent and
repeatable � significantly reducing production timelines and improving the
bottom line.� �PantoneLIVE
represents a transformational change in color management for brand owners
across their entire supply chain,� explained Tom Vacchiano, president and
CEO of X-Rite. �Our own Dr. Sonia Megert, whose vision for the digital
supply chain led to the development of PantoneLIVE, will head the new Pantone
Digital Business Unit.� �Globally
consistent color standards are essential to brand identity. With supply
chains made up of hundreds of different facilities scattered around the
world, corporations struggle to control and maintain color consistency,�
said Dr. Megert. �PantoneLIVE is a dynamic ecosystem, open to all supply
chain participants, which delivers consistent color across the entire
packaging workflow � from design concept to retail store shelves.� Brand color
standards are the principal component of PantoneLIVE and are derived from
real ink on real substrates using real printing processes. This allows brand
owners to predict how corporate spot colors will reproduce on a wide variety
of substrates including brown corrugated, clear film and white polypropylene.
A brand�s color assets, analogous to a brand�s color DNA, are managed and
maintained in a secure cloud-based data repository to ensure accurate color
communication � to any supplier, around the world. �The benefits
of using PantoneLIVE are clear,� says Nigel Dickie, director of corporate
and government affairs for Heinz (see Beanz Meanz Heinz and Knowing about Colorcase
study). �The digital tools gave us unprecedented control and consistency
from different print processes and materials. Across all of our packaging
formats we saw a reduction in color variance of 50 percent and saved time by
establishing one color target that can be applied to all our Heinz Beanz designs.�The
results with our Beanz packaging have been so remarkable that we plan to
extend PantoneLIVE to additional product lines, including Heinz soups and
Spaghetti Hoops.� While accurate
color is important to the brand identity of consumer packaged goods,
protecting brand integrity in the pharmaceutical industry is crucial as
counterfeit drugs put the health of consumers at risk. Chesapeake (see Accurate Brand Colors Help Stem Drug Counterfeiting
case study), a global producer of consumer packaging for many of the
world�s leading pharmaceutical companies, turned to PantoneLIVE to increase
consistency in its customers� packaging. When it comes to pharmaceuticals
and over-the-counter medications, even the slightest variation in packaging
color can make a product suspect and the brand vulnerable to counterfeiting. On one job, for
example, Chesapeake was able to reduce color variation by 84 percent and
improve process controls, which led to zero rejections from the print run and
100 percent client approval. PantoneLIVE is creating another positive impact
on Chesapeake�s business. The company previously stocked as many as 3,000
different inks in its Leicester, U.K. plant and now stores only 537 without
reducing color choices. PantoneLIVE is
connected to a large portfolio of software, containing real-world color data
for hundreds of thousands of colors, and is supported by the latest color
measurement technology. This is combined with professional services including
workflow and color rationalization audits, and customized operating
procedures from Pantone and X-Rite. Custom and bespoke spectral data, as well
as metadata, are used to digitize brand colors. Digitized palettes are then
expanded to create independent color standards to allow for accurate color
reproduction on a variety of substrates. Brand color
data, equivalent to a digital color swatch, is stored in a secure,
cloud-based portal that lets brand owners and other approved members of the
supply chain manage digital rights and facilitate color communication across
all materials in the production process. This centralized color communication
process promotes consistency and helps achieve speed to market efficiencies
from initial design to final production. The portal also provides direction
to suppliers to meet brand requirements related to color quality. Industry Support While users of
any manufacturer�s ink will be able to take advantage of PantoneLIVE, Sun
Chemical (see Sun Chemical press release) is the preferred ink
partner. Esko (see Esko press release), a global supplier of
integrated solutions for packaging, sign and display finishing, commercial
printing and professional publishing, is also a preferred partner supporting
PantoneLIVE. Both companies worked closely with Pantone and X-Rite to develop
PantoneLIVE. Sun Chemical�s technology and color data are the foundations
for PantoneLIVE, and this technology is integrated into Esko�s solutions. In addition,
Windm�ller & H�lscher, a leading supplier of flexographic central
impression and rotogravure printing presses, is recognized as the PantoneLIVE
technology partner, serving the flexible packaging industry. In this unique
capacity, Windm�ller & H�lscher will extend the capability of their
EASY COL on-press color matching solution to incorporate access to the
PantoneLIVE ecosystem, thereby allowing converters to reduce press set-up
times and in turn assure the quality of important brand colors on press. Pantone and
X-Rite are continuing to work with leading vendors to integrate and enhance
their solutions with PantoneLIVE. This approach will offer customers real
value in the color management and color communications process, while leaving
much of their current investments in place. Pricing and
Availability Access to the
PantoneLIVE database starts at $99 USD (�63 GBP, �76 EUR) annually for a
designer, $1,150 USD (�730 GBP, �885 EUR) annually�for preproduction
and from $2,000 USD (�1,275 GBP, �1,540 EUR) to $2,650 USD (�1,690 GBP,
�2,040 EUR) annually for production. A color audit for a brand owner starts
at $4,500 USD (�2,870 GBP, �3,460 EUR).�Additional fees apply depending
on services and scope required. PantoneLIVE solutions will be available June
15. For more information, please see www.pantone.com/live. About X-Rite X-Rite, Incorporated,
is the global leader in color science and technology. The company, which now
includes color industry leader Pantone, develops, manufactures, markets and
supports innovative color solutions through measurement systems, software,
color standards and services. X-Rite�s expertise in inspiring, selecting,
measuring, formulating, communicating and matching color helps users get
color right the first time and every time, which translates to better quality
and reduced costs. X-Rite serves a range of industries, including printing,
packaging, photography, graphic design, video, automotive, paints, plastics,
textiles, dental and medical. For further information, please visit www.xrite.com. About Pantone Pantone LLC, a
wholly owned subsidiary of X-Rite, Incorporated, has been the world�s color
authority for nearly 50 years, providing design professionals with products
and services for the colorful exploration and expression of creativity.
Always a source for color inspiration, Pantone also offers paint and
designer-inspired products and services for consumers. More information is
available at www.pantone.com. PANTONE��The
color of ideasSM. * Custom
research conducted by Pantone; survey of 100 creative professionals in the
U.S. involved in the design and production of product packaging; online
survey fielded December 15 � 19, 2011 PANTONE� and
other Pantone trademarks are the property of Pantone LLC. � 2012. All
rights reserved. Pantone Source: Pantone
LLC |
|
Northern Virginia Hair Salon, Salon Khouri, To Donate $5 from Each Color
Service to The American Heart Association in February
PR Web
02 February 2012
|
[What follows is
the full text of the news story.] Fairfax, VA
(PRWEB) February 02, 2012 Salon Khouri, an
acclaimed Northern
Virginia hair salon described by Northern Virginia magazine as
"an innovative beauty respite that defies the ordinary" has
announced that they will be donating $5 from every color service to the
American Heart Association in February. "We thought
what better way to honor love this February than by giving to the American
Heart Association," said Jonathan Elkhouri, owner and Master Hairstylist
at the Fairfax
hair salon. Since opening
their doors in 2006, Salon Khouri has always found ways to give back to the
community. To date, the salon has raised over $7300 for pediatric cancer
research funding through their yearly Cut-a-Thon to "cut out"
neuroblastoma in honor of Ashburn, VA resident Taylor Love. Salon Khouri also
holds an annual "Pink Hair for Hope" campaign where proceeds raised
go toward Breast Cancer Research. To date, the salon has raised $2620 toward
this program. Other community programs include an annual food drive, a
recycling program, and participation in the Pantene Beautiful Lengths program
which donates wigs made from donated hair to cancer patients. "Probably
one of the most unique programs we've participated in was with Matter of
Trust where we were sweeping up hair clippings and mailing them to them to
make hair booms to clean up the oil spill in the gulf. It was an amazingly
simple concept that worked," stated Jennifer Elkhouri, co-owner of Salon
Khouri. For more
information about any of Salon Khouri's products, services, or community
efforts, call 703-273-7878, view the salon on the web at http://www.salonkhouri.com
or visit 11725 Lee Highway in Fairfax, VA. About Salon
Khouri Salon Khouri was
founded in 2005 and is located in Fairfax, VA. The salon offers a full menu
of hair services and is a top-rated salon in the Northern Virginia area.
Owner Jonathan Elkhouri has trained with Nick Arrojo at his SoHo, NY studio
and is a stylist to several Washington DC celebrities. Services include
haircuts, colors, highlights, keratin treatments, extensions, and waxing. ### Read the full
story at http://www.prweb.com/releases/2012/2/prweb9154372.htm |
|
annual
Profit & Loss
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
9.3 |
12.4 |
7.6 |
|
Net sales |
9.1 |
12.2 |
7.4 |
|
Other operating income |
0.1 |
0.2 |
0.1 |
|
Raw materials and consumables employed |
4.5 |
5.5 |
4.0 |
|
Other expenses |
3.3 |
3.6 |
2.6 |
|
Total payroll costs |
2.5 |
2.8 |
2.2 |
|
Fixed asset depreciation and amortisation |
0.8 |
0.4 |
0.3 |
|
Other operating costs |
0.1 |
0.1 |
0.1 |
|
Net operating income |
-1.9 |
0.1 |
-1.6 |
|
Total financial income |
0.0 |
0.0 |
0.2 |
|
Total expenses |
0.3 |
0.2 |
0.3 |
|
Profit before tax |
-2.1 |
-0.1 |
-1.7 |
|
Extraordinary result |
-0.2 |
-0.3 |
-0.6 |
|
Profit after extraordinary items and before tax |
-2.3 |
-0.4 |
-2.3 |
|
Total taxation |
-0.1 |
0.2 |
-0.1 |
|
Net loss |
2.2 |
0.6 |
2.2 |
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total stockholders equity |
2.0 |
4.2 |
5.1 |
|
Provision for risks |
1.2 |
1.4 |
1.6 |
|
Provision for pensions |
0.6 |
0.7 |
0.7 |
|
Mortgages and loans |
1.8 |
0.8 |
0.8 |
|
Other long-term liabilities |
0.0 |
0.1 |
0.2 |
|
Trade creditors |
2.3 |
2.0 |
1.7 |
|
Bank loans and overdrafts |
2.5 |
2.6 |
2.4 |
|
Other current liabilities |
2.5 |
2.9 |
1.8 |
|
Accruals and deferred income |
0.0 |
0.0 |
- |
|
Total current liabilities |
7.4 |
7.4 |
6.0 |
|
Total liabilities (including net worth) |
13.1 |
14.6 |
14.3 |
|
Intangibles |
0.2 |
0.2 |
0.2 |
|
Buildings |
3.8 |
4.1 |
4.5 |
|
Total tangible fixed assets |
4.2 |
4.5 |
4.9 |
|
Long-term investments |
1.1 |
1.1 |
1.0 |
|
Total financial assets |
1.4 |
1.5 |
1.2 |
|
Receivables due after 1 year |
0.3 |
0.4 |
- |
|
Loans to associated companies |
0.3 |
0.4 |
0.2 |
|
Total non-current assets |
6.1 |
6.6 |
6.2 |
|
Finished goods |
0.6 |
0.5 |
0.5 |
|
Net stocks and work in progress |
2.4 |
1.8 |
2.5 |
|
Trade debtors |
2.9 |
4.2 |
3.8 |
|
Other receivables |
1.3 |
1.5 |
1.3 |
|
Cash and liquid assets |
0.0 |
0.2 |
0.1 |
|
Marketable securities |
0.1 |
0.1 |
0.1 |
|
Accruals |
0.2 |
0.3 |
0.3 |
|
Total current assets |
6.9 |
8.0 |
8.1 |
|
Total assets |
13.1 |
14.6 |
14.3 |
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
0.90 |
1.10 |
1.40 |
|
Quick ratio |
0.60 |
0.80 |
0.90 |
|
Current liabilities to net worth |
0.04% |
0.02% |
0.01% |
|
Sales per employee |
0.18 |
0.21 |
0.16 |
|
Profit per employee |
-0.05 |
-0.01 |
-0.05 |
|
Average wage per employee |
0.05 |
0.05 |
0.05 |
|
Net worth |
2.0 |
4.2 |
5.1 |
|
Number of employees |
36 |
43 |
34 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.04 |
|
|
1 |
Rs.84.83 |
|
Euro |
1 |
Rs.68.21 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.