MIRA INFORM REPORT

 

 

Report Date :

27.02.2013

 

IDENTIFICATION DETAILS

 

Name :

ITALTINTO S.R.L.

 

 

Registered Office :

 

Via Vittor Pisani, 20

20100 – Milano (MI)

 

 

Country :

Italy

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

08.05.2008

 

 

Legal Form :

Sole-Member Limited Liability Company

 

 

Line of Business :

Manufacture of paints, varnishes and similar coatings, printing ink and synthetic adhesives

 

 

No. of Employees :

From 26 to 35

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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

 

Italtinto s.r.l.

 

Via Vittor Pisani, 20

20100 – Milano (MI) -IT-

 

 

Summary

 

Fiscal Code

:

01807730997

Legal Form

:

Sole-Member Limited Liability Company

start of Activities

:

08/05/2008

Equity

:

Over 2.582.254

Turnover Range

:

5.000.000/6.500.000

Number of Employees

:

from 26 to 35

 

 

Activity

 

Manufacture of paints, varnishes and similar coatings, printing ink and synthetic adhesives

 

Legal Data

 

Legal Form : Sole-Member Limited Liability Company

Fiscal Code : 01807730997

 

Foreign Trade Reg. no. : GE030393 since 26/02/2009

 

Chamber of Commerce no. : 437117 of since 07/05/2008

 

Chamber of Commerce no. : 1877015 of since 01/06/2012

 

V.A.T. Code : 01807730997

 

Establishment date

: 30/04/2008

Start of Activities

: 08/05/2008

Legal duration

: 31/12/2050

Nominal Capital

: 100.000

 

Subscribed Capital

: 100.000

 

 

Members

 

 

Taglioretti

Luigi

 

 

 

Born in Busto Arsizio

(VA)

on 17/04/1947

- Fiscal Code : TGLLGU47D17B300Q

 

 

 

Residence:

 

Piani

, 82

- 16042

Carasco

(GE)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

15/04/2011

 

 

Board Chairman

15/04/2011

 

 

Procurator

15/04/2011

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Peroni

Angelo

 

 

 

Born in Busto Arsizio

(VA)

on 21/12/1956

- Fiscal Code : PRNNGL56T21B300T

 

 

 

Residence:

 

Piani

, 82

- 16042

Carasco

(GE)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

15/04/2011

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Oniga

Angelo

 

 

 

Born in Milano

(MI)

on 25/04/1948

- Fiscal Code : NGONGL48D25F205I

 

 

 

Residence:

 

Piani

, 182

- 16042

Carasco

(GE)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

15/04/2011

 

 

Procurator

15/04/2011

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Solari

Giovanni

 

 

 

Born in Leivi

(GE)

on 03/07/1948

- Fiscal Code : SLRGNN48L03E519H

 

 

 

Residence:

 

Dei Caduti

, 71/A

- 16040

Leivi

(GE)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

09/06/2008

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Merati

Maurizio Gianpaolo

 

 

 

Born in Monza

(MB)

on 02/05/1955

- Fiscal Code : MRTMZG55E02F704X

 

 

 

Residence:

 

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

15/04/2011

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Pricewaterhousecoopers S.p.a. In Breve

Pwc

 

 

 

 

 

Residence:

 

Monte Rosa

, 91

- 20149

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Auditor

15/04/2011

 

 

 

 

Clariant ( Italia ) S.p.A.

 

 

 

 

 

 

Residence:

 

Vittor Pisani

, 20

- 20100

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole partner

 

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Capuzzi

Sergio

 

 

 

Born in Milano

(MI)

on 18/03/1956

- Fiscal Code : CPZSRG56C18F205M

 

 

 

Residence:

 

Piani

, 82

- 16042

Carasco

(GE)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

15/04/2011

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Strebel

Dominik

 

 

 

Born in Muri Ag

( )

on 13/07/1963

- Fiscal Code : STRDNK63L13Z133H

 

 

 

Residence:

 

Piani

, 82

- 16042

Carasco

(GE)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

15/04/2011

 

 

 

 

No Protests registered

 

 

Tesch

Michael Christoph

 

 

 

Born in Baden Baden

( )

on 28/03/1962

- Fiscal Code : TSCMHL62C28Z112V

 

 

 

Residence:

 

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Responsible technician

 

 

 

Director

23/04/2012

 

 

Managing Director

23/04/2012

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Cenisio

Marco

 

 

 

Born in Vercelli

(VC)

on 22/04/1960

- Fiscal Code : CNSMRC60D22L750L

 

 

 

Residence:

 

Piani

, 82

- 16042

Carasco

(GE)

- IT -

 

Position

Since

Shares Amount

% Ownership

Director

15/04/2011

 

 

 

 

No Protests registered

 

 

Boffito

Gian Andrea

 

 

 

Born in Genova

(GE)

on 05/09/1967

- Fiscal Code : BFFGND67P05D969G

 

 

 

Residence:

 

Piani

, 82

- 16042

Carasco

(GE)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

15/04/2011

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Votino

Domenico

 

 

 

Born in Palermo

(PA)

on 31/07/1969

- Fiscal Code : VTNDNC69L31G273A

 

 

 

Residence:

 

Lodovico Muratori

, 29

- 20135

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Procurator

15/04/2011

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Lipari

Mario

 

 

 

Born in Varese

(VA)

on 16/11/1967

- Fiscal Code : LPRMRA67S16L682G

 

 

 

Residence:

 

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

24/10/2011

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

 

Woerndle

Alexander

 

 

 

Born in Wolfratshausen

( )

on 24/07/1976

- Fiscal Code : WRNLND76L24Z112G

 

 

 

Residence:

 

Vittor Pisani

, 20

- 20124

Milano

(MI)

- IT -

 

Position

Since

Shares Amount

% Ownership

Attorney with special power

17/01/2013

 

 

 

 

No Prejudicial events are reported

 

 

No Protests registered

 

Companies connected to members *

 

*checkings have been performed on a national scale.

 

In this module are listed the companies in which members hold or have holded positions.

 

 

Taglioretti

Luigi

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

S.a.r.m.a. Societa Applicazione Resine EMaterie Affini - S.p.a.

Milano (MI) - IT -

00211170121

Administrative Manager

Withdrawn

Ceased

Clariant (italia) S.p.a.

Milano (MI) - IT -

10077770153

Co-Director

Withdrawn

Merged

Clariant Masterbatches (italia) Spa

Milano (MI) - IT -

11649230155

Director

Active

Registered

Clariant Masterbatches (italia) Spa

Milano (MI) - IT -

11649230155

Procurator

Active

Registered

Clariant Masterbatches (italia) Spa

Milano (MI) - IT -

11649230155

Board Chairman

Active

Registered

Clariant ( Italia ) S.p.A.

Milano (MI) - IT -

08054500015

Director

Active

Registered

Clariant ( Italia ) S.p.A.

Milano (MI) - IT -

08054500015

Board Chairman

Active

Registered

Clariant Life Science Molecules (italia)S.p.a. In Liquidazione O In Breve Clari

Milano (MI) - IT -

12322680153

Director

Withdrawn

Registered

Clariant Prodotti (italia) Spa

Milano (MI) - IT -

05355290965

Director

Active

Registered

Clariant Prodotti (italia) Spa

Milano (MI) - IT -

05355290965

Board Chairman

Active

Registered

 

 

Clariant ( Italia ) S.p.A.

 

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Clariant Masterbatches (italia) Spa

Milano (MI) - IT -

11649230155

Sole partner

Active

Registered

Clariant Prodotti (italia) Spa

Milano (MI) - IT -

05355290965

Sole partner

Active

Registered

 

 

Tesch

Michael Christoph

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

HTS ITALIA SOCIETA' PER AZIONI

Lacchiarella (MI) - IT -

00826650152

Director

Withdrawn

Registered

HTS ITALIA SOCIETA' PER AZIONI

Lacchiarella (MI) - IT -

00826650152

Procurator

Withdrawn

Registered

HTS ITALIA SOCIETA' PER AZIONI

Lacchiarella (MI) - IT -

00826650152

Memb.of the Executive Committee

Withdrawn

Registered

Societa' Sarda Di Bentonite S.r.l., In Breve Ssb S.r.l.

Santa Giusta (OR) - IT -

01055730921

Director

Active

Registered

Societa' Sarda Di Bentonite S.r.l., In Breve Ssb S.r.l.

Santa Giusta (OR) - IT -

01055730921

Board Chairman

Active

Registered

Clariant Masterbatches (italia) Spa

Milano (MI) - IT -

11649230155

Managing Director

Active

Registered

Clariant Masterbatches (italia) Spa

Milano (MI) - IT -

11649230155

Director

Active

Registered

Clariant Masterbatches (italia) Spa

Milano (MI) - IT -

11649230155

Attorney with special power

Active

Registered

EUROSEI REGGIANI SPA

Reggio Emilia (RE) - IT -

01610590356

Director

Withdrawn

Registered

Sued - Chemie Catalysts Italia S.r.l., In Breve Scci S.r.l.

Novara (NO) - IT -

11807290157

Director

Active

Registered

Clariant ( Italia ) S.p.A.

Milano (MI) - IT -

08054500015

Managing Director

Active

Registered

Clariant ( Italia ) S.p.A.

Milano (MI) - IT -

08054500015

Director

Active

Registered

Clariant ( Italia ) S.p.A.

Milano (MI) - IT -

08054500015

Procurator

Active

Registered

Clariant Prodotti (italia) Spa

Milano (MI) - IT -

05355290965

Attorney with special power

Active

Registered

Clariant Prodotti (italia) Spa

Milano (MI) - IT -

05355290965

Procurator

Active

Registered

Sud - Chemie Imic Italia S.r.l.

Silvano Pietra (PV) - IT -

02281720181

Director

Active

Registered

 

Capital Shareholders

 

Shareholders' list as at date of data collection:

 

Firm's Style / Name

Seat / Residence

Fiscal Code

Owned Shares

% Ownership

Clariant ( Italia ) S.p.A.

Milano - IT -

08054500015

 

100,00

 


Direct Participations

 

The Company under review has no participations in other Companies.

 

Firm's location and structure

 

In order to carry out its activities the firm uses the following locations:

 

-

Registered office

 

 

 

 

 

 

Vittor Pisani

, 20

- 20100

- Milano

(MI)

- IT -

 

-

Operative seat

since 08/05/2008

 

 

 

 

 

 

Zibido

, 3

- 20080

- Zibido San Giacomo

(MI)

- IT -

 

-

Branch

 

since 01/06/2012

 

 

 

 

 

 

Piani

, 82

- 16042

- Carasco

(GE)

- IT -

 

 

 

 

Employees

: 27

 

Stocks for a value of 2.550.000

Eur

 

 

 

Historical Information and/or Firm's Status

 

EX-MEMBERS / EX-POSITIONS:

 

 

Esnault

Patrice

 

 

 

Born in Viroflay

( )

on 24/12/1956

- Fiscal Code : SNLPRC56T24Z110V

 

 

 

Residence:

 

Piani

, 82

- 16042

Carasco

(GE)

- IT -

 

Ex-Postions

Director

Managing Director


Protests

 

Protests checking on the subject firm has given a negative result.

 

Data Base Prejudicial Events Search

 

Search performed on a National Scale

 

 

 

Prejudicial Events Search Result: NEGATIVE

 

Search performed on a specialized data base.

 

Legal Procedures

 

None reported, standing to the latest received edition of the Official Publications.


Financial and Economical Analysis

 

The company has been active for some years.

The analysis is based on the latest 3 balance sheets.

Under an economic point of view, profits were registered during the last years with a r.o.e. of 3,52% in 2011

The operating result was positive in the last financial year (3,44%) and in line with the sector's average.

The operating result is positive and amounts to Eur. 224.571 with a -85,7% drop.

The G.O.M. amounted to Eur. 354.966 recording a -78,86% decrease.

Indebtedness is scanty since debts are lower than liquidity.

Subject can manage an equity capital funds for an amount of Eur. 4.457.871 , stable in comparison with the value of the previous year.

Eur. 1.670.077 is the amount of total debts, both commercial and of different nature, , a more or less stable value.

The company does not exceed in bank credits; payments average period is instead slightly high (92,57 gg.) even if it still falls within the sector's average.

The available funds are good.

Trade credits average terms are 52,78 days. , that compared to the sector's average is shorter.

During financial year 2011 the cash flow amounted to Eur. 287.398

During 2011 financial year labour costs amounted to Eur. 1.323.896, with a 21,96% incidence on production costs. , whereas the incidence of such costs on sales revenues is equal to 22,32%.

The financial management is positive as incomes are higher than the charges.



Financial Data

 

 

 

Complete balance-sheet for the year

31/12/2011

(in Eur

x 1)

 

Item Type

Value

Sales

5.931.793

Profit (Loss) for the period

157.003

 

 

 

Complete balance-sheet for the year

31/12/2010

(in Eur

x 1)

 

Item Type

Value

Sales

7.067.979

Profit (Loss) for the period

1.144.688

 

 

 

Complete balance-sheet for the year

31/12/2009

(in Eur

x 1)

 

Item Type

Value

Sales

5.387.578

Profit (Loss) for the period

467.037

 

 

 

Complete balance-sheet for the year

31/12/2008

(in Eur

x 1)

 

Item Type

Value

Sales

4.007.911

Profit (Loss) for the period

552.919


Balance Sheets

 

From our constant monitoring of the relevant Public Administration offices, no more recent balance sheets result to have been filed.

 

- Balance Sheet as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1

 

- Balance Sheet as at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1

 

- Balance Sheet as at 31/12/2009 - 12 Mesi - Currency: - Amounts x 1

 

Years

2011

2010

2009

BALANCE SHEET ACCOUNTS

 

ASSETS

 

 

 

CREDITS VS PARTNERS

 

 

 

. Deposits not yet withdrawn

 

 

 

. Deposits already withdrawn

 

 

 

Total credits vs partners

 

 

 

FIXED ASSETS

 

 

 

. INTANGIBLE FIXED ASSETS

 

 

 

. . Start-up and expansion expenses

 

 

 

. . Research,develop. and advert.expens.

 

 

 

. . Industrial patent rights

 

 

 

. . Concessions,licenses,trademarks,etc.

 

 

 

. . Goodwill

 

 

 

. . Assets in formation and advance paymen.

 

 

 

. . Other intangible fixed assets

 

 

 

. Total Intangible Fixed Assets

9.523

6.988

26.400

. TANGIBLE FIXED ASSETS

 

 

 

. . Real estate

 

 

 

. . Plant and machinery

 

 

 

. . Industrial and commercial equipment

 

 

 

. . Other assets

 

 

 

. . Assets under construction and advances

 

 

 

. Total Tangible fixed assets

220.470

238.354

333.975

. FINANCIAL FIXED ASSETS

 

 

 

. . Equity investments

 

 

 

. . . Equity invest. in subsidiary companies

 

 

 

. . . Equity invest. in associated companies

 

 

 

. . . Equity invest. in holding companies

 

 

 

. . . Equity invest. in other companies

 

 

 

. . Financial receivables

15

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

15

 

 

. . . Receivab due from subsidiaries

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from assoc.comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from holding comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . . Receivables due from third parties

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Other securities

 

 

 

. . Own shares

 

 

 

. . . Total nominal value

 

 

 

. Total financial fixed assets

15

15

15

Total fixed assets

230.008

245.357

360.390

CURRENT ASSETS

 

 

 

. INVENTORIES

 

 

 

. . Raw materials and other consumables

 

 

 

. . Work in progress and semimanufactured

 

 

 

. . Work in progress on order

 

 

 

. . Finished goods

 

 

 

. . Advance payments

 

 

 

. Total Inventories

2.550.469

2.043.127

2.332.780

. CREDITS NOT HELD AS FIXED ASSETS

 

 

 

. . Within 12 months

1.467.103

1.432.851

902.101

. . Beyond 12 months

67.375

 

 

. . Trade receivables

869.589

1.131.968

577.045

. . . . Within 12 months

869.589

1.131.968

577.045

. . . . Beyond 12 months

 

 

 

. . Receivables due from subsid. comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from assoc. comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Receivables due from holding comp.

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Fiscal Receivables

587.855

286.542

304.595

. . . . Within 12 months

587.855

286.542

304.595

. . . . Beyond 12 months

 

 

 

. . Receivables for anticipated taxes

67.375

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

67.375

 

 

. . Receivables due from third parties

9.659

14.341

20.461

. . . . Within 12 months

9.659

14.341

20.461

. . . . Beyond 12 months

 

 

 

. Total Credits not held as fixed assets

1.534.478

1.432.851

902.101

. FINANCIAL ASSETS

 

 

 

. . Equity invest. in subsidiary comp.

 

 

 

. . Equity invest. in associated companies

 

 

 

. . Equity invest. in holding companies

 

 

 

. . Other equity investments

 

 

 

. . Own shares

 

 

 

. . . Total nominale value

 

 

 

. . Other securities

 

 

 

. Total Financial Assets

 

 

398.195

. LIQUID FUNDS

 

 

 

. . Bank and post office deposits

 

 

 

. . Checks

 

 

 

. . Banknotes and coins

 

 

 

. Total Liquid funds

2.185.098

2.860.224

1.022.339

Total current assets

6.270.045

6.336.202

4.655.415

ADJUSTMENT ACCOUNTS

 

 

 

. Discount on loans

 

 

 

. Other adjustment accounts

27.528

62.710

58.560

Total adjustments accounts

27.528

62.710

58.560

TOTAL ASSETS

6.527.581

6.644.269

5.074.365

 

 

 

 

LIABILITIES

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

. Capital stock

100.000

100.000

100.000

. Additional paid-in capital

2.165.161

2.165.161

2.165.161

. Revaluation reserves

 

 

 

. Legal reserve

20.000

20.000

20.000

. Reserve for Own shares

2.015.705

962.593

 

. Statute reserves

 

 

532.919

. Other reserves

2

1

 

. Accumulated Profits (Losses)

 

 

 

. Profit( loss) of the year

157.003

1.144.688

467.037

. Advances on dividends

 

 

 

. Partial loss of the year Coverage

 

 

 

Total Stockholders'Equity

4.457.871

4.392.443

3.285.117

RESERVES FOR RISKS AND CHARGES

 

 

 

. . Reserve for employee termination indem.

 

 

 

. . Taxation fund, also differed

 

 

 

. . Other funds

 

 

 

Total Reserves for Risks and Charges

3.625

 

 

Employee termination indemnities

395.898

438.255

417.383

ACCOUNTS PAYABLE

 

 

 

. . . . Within 12 months

1.670.077

1.813.199

1.371.832

. . . . Beyond 12 months

 

 

 

. . Bonds

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Convertible bonds repayable

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to shareholders for financing

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to banks

 

 

154.358

. . . . Within 12 months

 

 

154.358

. . . . Beyond 12 months

 

 

 

. . Due to other providers of finance

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Advances from customers

 

 

2.500

. . . . Within 12 months

 

 

2.500

. . . . Beyond 12 months

 

 

 

. . Trade payables

1.223.923

919.759

695.840

. . . . Within 12 months

1.223.923

919.759

695.840

. . . . Beyond 12 months

 

 

 

. . Securities issued

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to subsidiary companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to associated companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to holding companies

 

 

 

. . . . Within 12 months

 

 

 

. . . . Beyond 12 months

 

 

 

. . Due to the tax authorities

249.354

664.587

341.179

. . . . Within 12 months

249.354

664.587

341.179

. . . . Beyond 12 months

 

 

 

. . Due to social security and welfare inst.

63.402

51.762

50.347

. . . . Within 12 months

63.402

51.762

50.347

. . . . Beyond 12 months

 

 

 

. . Other payables

133.398

177.091

127.608

. . . . Within 12 months

133.398

177.091

127.608

. . . . Beyond 12 months

 

 

 

Total accounts payable

1.670.077

1.813.199

1.371.832

ADJUSTMENT ACCOUNTS

 

 

 

. Agio on loans

 

 

 

. Other adjustment accounts

110

372

33

Total adjustment accounts

110

372

33

TOTAL LIABILITIES

6.527.581

6.644.269

5.074.365

 

 

 

 

 

 

MEMORANDUM ACCOUNTS

 

Third party goods

 

 

 

Investment accounts

 

 

 

Risk accounts

 

 

 

Civil and fiscal norms relation

 

 

 

 

 

 

 

 

 

PROFIT AND LOSS ACCOUNTS

 

VALUE OF PRODUCTION

 

 

 

. Revenues from sales and services

5.931.793

7.067.979

5.387.578

. Changes in work in progress

286.224

-158.538

-66.342

. Changes in semi-manufact. products

 

 

 

. Capitalization of internal work

 

 

 

. Other income and revenues

34.117

9.254

10.582

. . Contributions for operating expenses

 

 

 

. . Different income and revenues

34.117

9.254

10.582

Total value of production

6.252.134

6.918.695

5.331.818

PRODUCTION COSTS

 

 

 

. Raw material,other materials and consum.

3.537.387

2.820.219

2.071.594

. Services received

929.580

729.478

685.331

. Leases and rentals

293.033

274.354

268.029

. Payroll and related costs

1.323.896

1.243.027

1.186.358

. . Wages and salaries

964.055

900.103

869.155

. . Social security contributions

286.984

274.497

253.853

. . Employee termination indemnities

72.857

68.427

63.350

. . Pension and similar

 

 

 

. . Other costs

 

 

 

. Amortization and depreciation

130.395

108.109

124.764

. . Amortization of intangible fixed assets

6.415

23.751

21.305

. . Amortization of tangible fixed assets

69.358

78.698

100.550

. . Depreciation of tangible fixed assets

 

 

 

. . Writedown of current receiv.and of liquid

54.622

5.660

2.909

. Changes in raw materials

-221.118

131.115

152.296

. Provisions to risk reserves

 

 

 

. Other provisions

 

 

 

. Other operating costs

34.390

41.167

24.424

Total production costs

6.027.563

5.347.469

4.512.796

Diff. between value and cost of product.

224.571

1.571.226

819.022

FINANCIAL INCOME AND EXPENSE

 

 

 

. Income from equity investments

 

 

 

. . In subsidiary companies

 

 

 

. . In associated companies

 

 

 

. . In other companies

 

 

 

. Other financial income

11.126

4.275

390

. . Financ.income from receivables

 

 

 

. . . Towards subsidiary companies

 

 

 

. . . Towards associated companies

 

 

 

. . . Towards holding companies

 

 

 

. . . Towards other companies

 

 

 

. . Financ.income from secur. t.f.assets

 

154

62

. . Financ.income from secur. cur.assets

 

 

 

. . Financ.income other than the above

 

 

328

. . . - Subsidiary companies

 

 

 

. . . - Associated companies

 

 

 

. . . - Holding companies

 

 

 

. . . - Other companies

 

 

 

. Interest and other financial expense

41.755

103.516

-52.091

. . Towards subsidiary companies

 

 

 

. . Towards associated companies

 

 

 

. . Towards holding companies

 

 

 

. . Towards other companies

 

 

 

Total financial income and expense

52.881

107.791

-51.701

ADJUSTMENTS TO FINANCIAL ASSETS

 

 

 

. Revaluations

 

 

 

. . Of equity investments

 

 

 

. . Of financ.fixed assets not repres.E.I.

 

 

 

. . Of securities incl.among current assets

 

 

 

. Devaluation

 

 

 

. . Of equity investments

 

 

 

. . Of financial fixed assets (no equity inv)

 

 

 

. . Of securities included among current ass

 

 

 

Total adjustments to financial assets

 

 

 

EXTRAORDINARY INCOME AND EXPENSE

 

 

 

. Extraordinary income

1.212

50.511

9.600

. . Gains on disposals

50

33.136

 

. . Other extraordinary income

1.162

17.375

9.600

. Extraordinary expense

-1.706

-10.372

-30.264

. . Losses on disposals

 

-7.256

 

. . Taxes relating to prior years

 

 

 

. . Other extraordinary expense

-1.706

-3.116

-30.264

Total extraordinary income and expense

-494

40.139

-20.664

Results before income taxes

276.958

1.719.156

746.657

. Taxes on current income

119.955

574.468

279.620

. . current taxes

183.705

574.468

281.005

. . differed taxes(anticip.)

-63.750

 

-1.385

. Net income for the period

157.003

1.144.688

467.037

. Adjustments in tax regulations pursuance

 

 

 

. Provisions in tax regulations pursuance

 

 

 

. Profit (loss) of the year

157.003

1.144.688

467.037

 

RATIOS

Value Type

as at 31/12/2011

as at 31/12/2010

as at 31/12/2009

Sector Average

COMPOSITION ON INVESTMENT

 

 

 

 

 

Rigidity Ratio

Units

0,04

0,04

0,07

0,29

Elasticity Ratio

Units

0,96

0,95

0,92

0,70

Availability of stock

Units

0,39

0,31

0,46

0,16

Total Liquidity Ratio

Units

0,57

0,65

0,46

0,51

Quick Ratio

Units

0,33

0,43

0,28

0,02

COMPOSITION ON SOURCE

 

 

 

 

 

Net Short-term indebtedness

Units

n.c.

n.c.

0,11

1,70

Self Financing Ratio

Units

0,68

0,66

0,65

0,25

Capital protection Ratio

Units

0,94

0,72

0,83

0,74

Liabilities consolidation quotient

Units

0,24

0,24

0,30

0,25

Financing

Units

0,37

0,41

0,42

2,65

Permanent Indebtedness Ratio

Units

0,74

0,73

0,73

0,47

M/L term Debts Ratio

Units

0,06

0,07

0,08

0,15

Net Financial Indebtedness Ratio

Units

0,00

0,00

0,00

1,09

CORRELATION

 

 

 

 

 

Fixed assets ratio

Units

21,10

19,69

10,27

1,41

Current ratio

Units

3,75

3,49

3,39

1,33

Acid Test Ratio-Liquidity Ratio

Units

2,23

2,37

1,69

1,01

Structure's primary quotient

Units

19,38

17,90

9,12

0,80

Treasury's primary quotient

Units

1,31

1,58

1,04

0,03

Rate of indebtedness ( Leverage )

%

146,43

151,27

154,47

397,48

Current Capital ( net )

Value

4.599.968

4.523.003

3.283.583

426.243

RETURN

 

 

 

 

 

Return on Sales

%

4,85

17,72

10,98

4,43

Return on Equity - Net- ( R.O.E. )

%

3,52

26,06

14,22

2,69

Return on Equity - Gross - ( R.O.E. )

%

6,21

39,14

22,73

7,32

Return on Investment ( R.O.I. )

%

3,44

23,65

16,14

3,84

Return/ Sales

%

3,79

22,23

15,20

4,21

Extra Management revenues/charges incid.

%

69,91

72,85

57,02

38,95

Cash Flow

Value

287.398

1.252.797

591.801

207.698

Operating Profit

Value

224.571

1.571.226

819.022

192.997

Gross Operating Margin

Value

354.966

1.679.335

943.786

422.876

MANAGEMENT

 

 

 

 

 

Credits to clients average term

Days

52,78

57,66

38,56

130,87

Debts to suppliers average term

Days

92,57

86,59

82,81

110,41

Average stock waiting period

Days

154,79

104,06

155,88

50,99

Rate of capital employed return ( Turnover )

Units

0,91

1,06

1,06

1,00

Rate of stock return

Units

2,33

3,46

2,31

7,04

Labour cost incidence

%

22,32

17,59

22,02

13,96

Net financial revenues/ charges incidence

%

0,89

1,53

-0,96

-1,78

Labour cost on purchasing expenses

%

21,96

23,25

26,29

14,31

Short-term financing charges

%

n.c.

n.c.

3,80

2,92

Capital on hand

%

110,04

94,01

94,19

100,22

Sales pro employee

Value

144.677

185.999

145.610

280.328

Labour cost pro employee

Value

32.290

32.711

32.063

35.422

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.06

UK Pound

1

Rs.82.15

Euro

1

Rs.70.61

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.