MIRA INFORM REPORT
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Report Date : |
27.04.2013 |
IDENTIFICATION DETAILS
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Name : |
LA QUADRIFOGLIO MARMI E GRANITI SRL |
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Registered Office : |
Via Dei Marmisti 45, Pastrengo, 37010 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
09.07.1985 |
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Com. Reg. No.: |
01793490234 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
wholesaler
of paint and varnish |
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No. of Employees : |
14 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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, highly subsidized, agricultural south, where unemployment is
high. 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 its exceptionally high public debt
and structural impediments to growth have rendered it vulnerable to scrutiny by
financial markets. Public debt has increased steadily since 2007, topping 126%
of GDP in 2012, and investor concerns about the broader euro-zone crisis at
times have caused borrowing costs on sovereign government debt to rise to
euro-era. During the second half of 2011 the government passed three austerity
packages to reduce its budget deficit and help bring down borrowing costs.
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 sustain its recent efforts to address
Italy's long-standing structural impediments to growth, such as labor market
inefficiencies and widespread tax evasion. In 2012 economic growth and labor
market conditions deteriorated, with growth at -2.3% and unemployment rising to
nearly 11%, with youth unemployment around 35%. The government has undertaken
several reform initiatives designed to increase long-term economic growth.
Italy's GDP is now 7% below its 2007 pre-crisis level.
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Source : CIA |
Company name & address
La Quadrifoglio Marmi E Graniti SRL
Via Dei Marmisti 45
Pastrengo, 37010
Italy
Tel: +39 0457 731000
Fax: +39 0457 731073
Synthesis
Employees: 14
Company Type: Private Independent
Incorporation Date: 09-Jul-1985
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Euro
Annual Sales: 20.3
Total Assets: 14.5
Business Description
La Quadrifoglio Marmi E Graniti SRL is primarily engaged in wholesale of paint and varnish; wholesale of wood in the rough; wholesale of products of primary processing of wood; wholesale of construction materials (sand, gravel); wholesale of flat glass; and wholesale of sanitary equipment (baths, washbasins, toilets and other sanitary porcelain).
Industry
Industry Construction - Raw Materials
ANZSIC 2006: 333 - Timber and
Hardware Goods Wholesaling
NACE 2002: 5153 - Wholesale
of wood, construction materials and sanitary equipment
NAICS 2002: 4233 - Lumber and
Other Construction Materials Merchant Wholesalers
UK SIC 2003: 5153 - Wholesale
of wood, construction materials and sanitary equipment
UK SIC 2007: 4673 - Wholesale
of wood, construction materials and sanitary equipment
US SIC 1987: 5039 -
Construction Materials, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Anna Scancella |
Sole administrator |
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Marco Buonfigli |
Executive |
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Luca Buonfigli |
Executive |
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 Dei Marmisti 45
Pastrengo, 37010
Italy
Tel: +39 0457 731000
Fax: +39 0457 731073
Sales EUR(mil): 14.6
Assets EUR(mil): 11.1
Employees: 14
Fiscal Year End: 31-Dec-2011
Industry: Construction
- Raw Materials
Incorporation Date: 09-Jul-1985
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(ITA): 01793490234
Sole administrator: Anna
Scancella
Industry Codes
ANZSIC 2006 Codes:
333 - Timber and Hardware Goods Wholesaling
0911 - Gravel and Sand Quarrying
NACE 2002 Codes:
5153 - Wholesale of wood, construction materials and sanitary
equipment
1421 - Operation of gravel and sand pits
NAICS 2002 Codes:
4233 - Lumber and Other Construction Materials Merchant
Wholesalers
212321 - Construction Sand and Gravel Mining
US SIC 1987:
5039 - Construction Materials, Not Elsewhere Classified
144 - Sand and Gravel
UK SIC 2003:
5153 - Wholesale of wood, construction materials and sanitary
equipment
1421 - Operation of gravel and sand pits
UK SIC 2007:
4673 - Wholesale of wood, construction materials and sanitary
equipment
0812 - Operation of gravel and sand pits; mining of clays and
kaolin
Business
Description
La Quadrifoglio Marmi E Graniti SRL is primarily engaged in wholesale of paint and varnish; wholesale of wood in the rough; wholesale of products of primary processing of wood; wholesale of construction materials (sand, gravel); wholesale of flat glass; and wholesale of sanitary equipment (baths, washbasins, toilets and other sanitary porcelain).
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Executive report
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Executives |
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Sole administrator |
President |
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Executive |
Other |
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Executive |
Other |
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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 |
20.3 |
18.9 |
18.4 |
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Net sales |
20.3 |
18.8 |
18.6 |
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Other operating income |
0.1 |
0.0 |
0.0 |
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Raw materials and consumables employed |
12.9 |
11.8 |
12.7 |
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Other expenses |
5.5 |
5.3 |
4.1 |
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Total payroll costs |
0.7 |
0.7 |
0.7 |
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Fixed asset depreciation and amortisation |
0.3 |
0.2 |
0.1 |
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Other operating costs |
0.1 |
0.2 |
0.1 |
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Net operating
income |
0.8 |
0.8 |
0.8 |
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Total financial
income |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.4 |
0.4 |
0.5 |
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Profit before tax |
0.4 |
0.4 |
0.4 |
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Extraordinary result |
0.0 |
0.0 |
0.0 |
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Profit after extraordinary items and
before tax |
0.4 |
0.4 |
0.4 |
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Total taxation |
0.2 |
0.2 |
0.2 |
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Net profit |
0.2 |
0.2 |
0.2 |
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 |
1.6 |
1.5 |
1.4 |
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Provision for pensions |
0.2 |
0.1 |
0.1 |
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Mortgages and loans |
0.9 |
- |
- |
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Other long-term liabilities |
0.3 |
0.4 |
0.5 |
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Trade creditors |
7.6 |
7.5 |
6.6 |
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Bank loans and overdrafts |
3.6 |
5.3 |
4.8 |
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Other current liabilities |
0.2 |
0.2 |
0.3 |
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Accruals and deferred income |
0.0 |
0.0 |
0.0 |
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Total current
liabilities |
11.5 |
13.0 |
11.7 |
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Total
liabilities (including net worth) |
14.5 |
15.0 |
13.7 |
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Intangibles |
1.3 |
1.2 |
0.1 |
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Total tangible
fixed assets |
0.8 |
1.1 |
0.9 |
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Long-term investments |
0.1 |
0.0 |
0.0 |
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Total financial
assets |
0.1 |
0.0 |
0.0 |
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Receivables due after 1 year |
0.0 |
- |
0.0 |
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Total
non-current assets |
2.1 |
2.3 |
1.1 |
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Finished goods |
0.8 |
0.9 |
1.2 |
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Net stocks and work in progress |
4.3 |
4.8 |
5.7 |
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Trade debtors |
5.1 |
6.5 |
6.2 |
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Other receivables |
1.4 |
0.9 |
0.5 |
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Cash and liquid assets |
0.9 |
0.4 |
0.1 |
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Accruals |
0.6 |
0.0 |
0.0 |
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Total current
assets |
12.3 |
12.7 |
12.5 |
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Total assets |
14.5 |
15.0 |
13.7 |
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 |
1.10 |
1.00 |
1.10 |
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Quick ratio |
0.70 |
0.60 |
0.60 |
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Current liabilities to net worth |
0.07% |
0.09% |
0.09% |
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Sales per employee |
1.04 |
1.09 |
1.03 |
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Profit per employee |
0.02 |
0.02 |
0.02 |
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Average wage per employee |
0.04 |
0.04 |
0.04 |
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Net worth |
1.6 |
1.5 |
1.4 |
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Number of employees |
14 |
13 |
13 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
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UK Pound |
1 |
Rs.83.88 |
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Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.