MIRA
INFORM REPORT
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Report Date : |
19.12.2013 |
IDENTIFICATION DETAILS
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Name : |
MANTAFIL SPA
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Registered Office : |
Via Marconi 31,
Tagliuno, Mornico Al Serio, 24050 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
02.05.1980 |
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Com. Reg. No.: |
05831970156 |
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Legal Form : |
Public
Independent Company |
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Line of Business : |
wholesaler of grain, seeds and animal feeds |
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No. of Employees : |
16 |
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 – September 30th, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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
Mantafil SpA
Via Marconi 31
Tagliuno
Mornico Al Serio,
24050
Italy
Tel: +39 0358 48748
Fax: +39 0358 47431
Synthesis
Employees: 16
Company Type: Public
Independent
Incorporation
Date: 02-May-1980
Financials in: USD (Millions)
Fiscal Year End: 31-Dec-2011
Reporting
Currency: Euro
Annual Sales: 136.5
Total Assets: 68.1
Business
Description
Mantafil SpA is primarily engaged in wholesale of
grain, seeds and animal feeds. This class also includes: wholesale of seed
potatoes; wholesale of feed for farm animals; and wholesale of material,
residues and by-products used for animal feed.
Industry
Industry Airlines
ANZSIC 2006:
4900 - Air and Space Transport
ISIC Rev 4:
5120 - Freight air transport
NACE Rev 2:
5121 - Freight air transport
NAICS 2012:
481212 - Nonscheduled Chartered Freight Air Transportation
UK SIC 2007:
5121 - Freight air transport
US SIC 1987:
2231 - Broadwoven Fabric Mills, Wool (Including Dyeing and Finishing)
Key
Executives
Name Title
Andrea Bersini President
Giuseppe Bezzi Member of the board
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 Marconi 31
Tagliuno
Mornico Al Serio,
24050
BERGAMO County
Italy
Tel: +39 0358 48748
Fax: +39 0358 47431
Sales EUR(mil): 98.2
Assets EUR(mil): 52.5
Employees: 16
Fiscal Year End: 31-Dec-2011
Industry: Miscellaneous
Transportation
Incorporation
Date: 02-May-1980
Company Type: Public Independent
Quoted Status: Not Quoted
Registered
No.(ITA): 05831970156
President: Andrea
Bersini
Industry Codes
ANZSIC 2006
Codes:
4900 - Air
and Space Transport
1510 - Pulp,
Paper and Paperboard Manufacturing
ISIC Rev 4 Codes:
5120 - Freight
air transport
1701 - Manufacture
of pulp, paper and paperboard
NACE Rev 2 Codes:
5121 - Freight
air transport
1712 - Manufacture
of paper and paperboard
NAICS 2012 Codes:
481212 - Nonscheduled
Chartered Freight Air Transportation
3221 - Pulp,
Paper, and Paperboard Mills
US SIC 1987:
2231 - Broadwoven
Fabric Mills, Wool (Including Dyeing and Finishing)
2621 - Paper
Mills
UK SIC 2007:
5121 - Freight
air transport
1712 - Manufacture
of paper and paperboard
Business Description
Mantafil SpA is
primarily engaged in wholesale of grain, seeds and animal feeds. This class
also includes: wholesale of seed potatoes; wholesale of feed for farm animals; and
wholesale of material, residues and by-products used for animal feed.
More Business Descriptions
Fiber, Yarn, and
Thread Mills
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executive report
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Board of
Directors |
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Member of the board |
Director/Board Member |
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Executives |
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President |
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 |
136.6 |
140.9 |
76.6 |
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Net sales |
136.5 |
140.6 |
76.5 |
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Other operating income |
0.1 |
0.3 |
0.1 |
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Raw materials and consumables employed |
125.0 |
125.9 |
66.4 |
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Other expenses |
6.1 |
6.4 |
5.0 |
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Total payroll costs |
1.0 |
1.0 |
0.9 |
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Fixed asset depreciation and amortisation |
0.6 |
0.8 |
0.6 |
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Other operating costs |
0.1 |
1.8 |
0.7 |
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Net operating income |
3.8 |
5.0 |
3.0 |
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Total financial income |
1.0 |
1.7 |
0.3 |
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Total expenses |
3.7 |
2.2 |
2.4 |
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Profit before tax |
1.1 |
4.4 |
0.9 |
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Extraordinary result |
-0.3 |
0.0 |
0.0 |
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Profit after extraordinary items and before tax |
0.8 |
4.4 |
0.8 |
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Total taxation |
0.4 |
1.6 |
0.4 |
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Net profit |
0.3 |
2.8 |
0.4 |
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 |
9.9 |
9.9 |
7.6 |
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Provision for risks |
0.3 |
- |
- |
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Provision for pensions |
0.3 |
0.3 |
0.3 |
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Mortgages and loans |
0.3 |
0.8 |
- |
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Trade creditors |
16.4 |
17.0 |
11.2 |
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Bank loans and overdrafts |
39.9 |
39.3 |
26.9 |
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Other current liabilities |
1.0 |
2.9 |
1.5 |
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Accruals and deferred income |
0.0 |
0.0 |
0.0 |
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Total current liabilities |
57.3 |
59.3 |
39.6 |
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Total liabilities (including net worth) |
68.1 |
70.2 |
47.4 |
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Intangibles |
0.2 |
0.4 |
0.7 |
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Buildings |
0.1 |
0.1 |
- |
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Total tangible fixed assets |
0.3 |
0.4 |
0.4 |
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Long-term investments |
1.1 |
1.1 |
1.2 |
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Total financial assets |
1.1 |
1.1 |
1.2 |
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Receivables due after 1 year |
1.2 |
0.7 |
0.8 |
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Total non-current assets |
2.8 |
2.7 |
3.0 |
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Finished goods |
26.6 |
7.5 |
9.8 |
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Net stocks and work in progress |
26.6 |
7.5 |
9.8 |
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Trade debtors |
35.8 |
58.8 |
32.8 |
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Other receivables |
2.1 |
1.1 |
0.8 |
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Cash and liquid assets |
0.8 |
0.1 |
0.9 |
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Marketable securities |
0.0 |
0.0 |
0.0 |
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Accruals |
0.1 |
0.0 |
0.1 |
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Total current assets |
65.4 |
67.5 |
44.4 |
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Total assets |
68.1 |
70.2 |
47.4 |
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 |
1.10 |
1.10 |
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Quick ratio |
0.70 |
1.00 |
0.90 |
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Current liabilities to net worth |
0.06% |
0.06% |
0.05% |
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Sales per employee |
6.14 |
6.63 |
3.93 |
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Profit per employee |
0.03 |
0.21 |
0.04 |
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Average wage per employee |
0.05 |
0.05 |
0.05 |
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Net worth |
9.9 |
9.9 |
7.6 |
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Number of employees |
16 |
16 |
14 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.92 |
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UK Pound |
1 |
Rs.100.83 |
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Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
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Report
Prepared by : |
MNL |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.