MIRA INFORM REPORT
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Report Date : |
24.01.2013 |
IDENTIFICATION DETAILS
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Name : |
QUALITY TOOLS SRL |
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Registered Office : |
Via Trento 175 Capriano Del Colle, 25020 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
08.05.1997 |
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Com. Reg. No.: |
03410310175 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject is engaged in forging, pressing, stamping and roll-forming
of metal; and powder metallurgy |
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No. of Employees : |
19 |
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 : |
Slow but Correct |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Italy |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
ITALY - ECONOMIC OVERVIEW
Italy has a diversified industrial economy, which is divided into a
developed industrial north, dominated by private companies, and a
less-developed, welfare-dependent, agricultural south, with high unemployment.
The Italian economy is driven in large part by the manufacture of high-quality
consumer goods produced by small and medium-sized enterprises, many of them
family owned. Italy also has a sizable underground economy, which by some
estimates accounts for as much as 17% of GDP. These activities are most common
within the agriculture, construction, and service sectors. Italy is the
third-largest economy in the euro-zone, but exceptionally high public debt
burdens and structural impediments to growth have rendered it vulnerable to
scrutiny by financial markets. Public debt has increased steadily since 2007,
reaching 120% of GDP in 2011, and borrowing costs on sovereign government debt
have risen to record levels. During the second half of 2011 the government
passed a series of three austerity packages to balance its budget by 2013 and
decrease its public debt burden. These measures included a hike in the
value-added tax, pension reforms, and cuts to public administration. The
government also faces pressure from investors and European partners to address
Italy's long-standing structural impediments to growth, such as an inflexible
labor market and widespread tax evasion. The international financial crisis
worsened conditions in Italy''s labor market, with unemployment rising from
6.2% in 2007 to 8.4% in 2011, but in the longer-term Italy''s low fertility
rate and quota-driven immigration policies will increasingly strain its
economy. The euro-zone crisis along with Italian austerity measures have
reduced exports and domestic demand, slowing Italy''s recovery. Italy''s GDP is
still 5% below its 2007 pre-crisis level.
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Source : CIA |
Company name and address
QUALITY
TOOLS SRL
Via Trento 175
Capriano Del Colle, 25020
Italy
Tel: +39 0309 749234
Fax: +39
0309 749227
Employees: 19
Company Type: Private Subsidiary
Corporate Family: 2 Companies
Ultimate Parent: Pegaso Holding SA
Incorporation Date: 08-May-1997
Financials in: USD (In Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: Euro
Annual Sales: 12.7
Total Assets: 7.1
Business Description
Quality Tools SRL is primarily engaged in forging, pressing,
stamping and roll-forming of metal; and powder metallurgy: production of metal
objects directly from metal powders by heat treatment (sintering) or under
pressure.
Industry
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Industry |
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ANZSIC 2006: |
2240 - Sheet
Metal Product Manufacturing (except Metal Structural and Container Products) |
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NACE 2002: |
2840 -
Forging, pressing, stamping and roll forming of metal; powder metallurgy |
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NAICS 2002: |
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UK SIC 2003: |
2840 -
Forging, pressing, stamping and roll forming of metal; powder metallurgy |
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UK SIC 2007: |
2550 -
Forging, pressing, stamping and roll-forming of metal; powder metallurgy |
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US SIC 1987: |
Key Executives
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Name |
Title |
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Giovanni Messinese |
Sole administrator |
News
|
Title |
Date |
|
Introduction
of the basic data storage region, software - transformation mechanisms,
analytical layer - unstructured data and quality tools, software... |
3-Jan-2013 |
|
Solumina
Software Leveraged by BAE Systems to Streamline Manufacturing Process |
18-Dec-2012 |
|
Stellar
Data Recovery Software Receives Top Ten Reviews' Gold & Excellence Awards
for Second Straight Year |
4-Dec-2012 |
|
Retolling
to reach new market |
3-Dec-2012 |
|
Tools for
all trades ... |
26-Nov-2012 |
Registered No.(ITA): 03410310175
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.770327
Location
Via Trento 175
Capriano Del Colle, 25020
Italy
Tel: +39
0309 749234
Fax: +39
0309 749227
Sales
EUR(mil): 9.1
Assets
EUR(mil): 5.5
Employees: 19
Fiscal
Year End: 31-Dec-2011
Industry: Miscellaneous
Fabricated Products
Incorporation
Date: 08-May-1997
Company
Type: Private
Subsidiary
Quoted
Status: Not
Quoted
Registered
No.(ITA): 03410310175
Sole
administrator: Giovanni
Messinese
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ANZSIC 2006 Codes: |
||
|
2240 |
- |
Sheet Metal Product Manufacturing (except Metal Structural
and Container Products) |
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2463 |
- |
Machine Tool and Parts Manufacturing |
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NACE 2002 Codes: |
||
|
2840 |
- |
Forging, pressing, stamping and roll forming of metal;
powder metallurgy |
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2942 |
- |
Manufacture of other metalworking machine tools |
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NAICS 2002 Codes: |
||
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33211 |
- |
Forging and Stamping |
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33351 |
- |
Metalworking Machinery Manufacturing |
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US SIC 1987: |
||
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3469 |
- |
Metal Stampings, Not Elsewhere Classified |
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3549 |
- |
Metalworking Machinery, Not Elsewhere Classified |
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UK SIC 2003: |
||
|
2840 |
- |
Forging, pressing, stamping and roll forming of metal;
powder metallurgy |
|
2942 |
- |
Manufacture of other metalworking machine tools |
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UK SIC 2007: |
||
|
2550 |
- |
Forging, pressing, stamping and roll-forming of metal;
powder metallurgy |
|
2841 |
- |
Manufacture of metal forming machinery |
Quality Tools SRL is primarily engaged in forging, pressing, stamping and roll-forming of metal; and powder metallurgy: production of metal objects directly from metal powders by heat treatment (sintering) or under pressure.
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Financials in: |
EUR(mil) |
1 Year Growth |
|
Revenue: |
9.1 |
-0.2% |
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Assets: |
5.5 |
NA |
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Current Assets: |
4.2 |
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Total Liabilities: |
5.5 |
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Net Worth: |
1.6 |
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Date of Financial Data: |
31-Dec-2011 |
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Corporate Structure News
Quality
Tools SRL
Total Corporate Family Members: 2
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Pegaso Holding SA |
Parent |
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Subsidiary |
Capriano Del Colle, Brescia |
Italy |
Miscellaneous Fabricated Products |
12.7 |
19 |
Executives
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|||
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Sole administrator |
President |
Articles
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Melissa
Data Presents Data Quality Tools for SQL Server 2012 at DevConnections
Conference |
01-Nov-2012 |
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SAS is Part
of Leaders Quadrant in Gartner's Latest 'Magic Quadrant for Data Quality
Tools' |
07-Sep-2012 |
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Germany :
SAP Positioned as Leader in Leading Industry Analyst Firm s 2012 Data Quality
Tools Magic Quadrant |
14-Aug-2012 |
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United States
: Informatica Positioned in Leaders Quadrant in 2012 Data Quality Tools
Report |
14-Aug-2012 |
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 |
|
Exchange Rate (Period
Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Total income |
11.9 |
12.2 |
13.6 |
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Net sales |
12.7 |
12.1 |
13.4 |
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Other operating income |
0.1 |
0.1 |
0.1 |
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Raw materials and consumables employed |
6.7 |
7.7 |
8.7 |
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Other expenses |
3.0 |
2.7 |
2.8 |
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Total payroll costs |
1.4 |
1.3 |
1.2 |
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Fixed asset depreciation and amortisation |
0.2 |
0.1 |
0.2 |
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Other operating costs |
0.0 |
0.0 |
0.0 |
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Net operating income |
0.5 |
0.3 |
0.7 |
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Total financial income |
0.0 |
0.1 |
0.0 |
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Total expenses |
0.1 |
0.1 |
0.0 |
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Profit before tax |
0.5 |
0.3 |
0.6 |
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Extraordinary result |
0.0 |
0.0 |
0.1 |
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Profit after extraordinary items and before tax |
0.5 |
0.3 |
0.7 |
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Total taxation |
0.2 |
0.1 |
0.3 |
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Net profit |
0.2 |
0.2 |
0.4 |
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 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
2.0 |
1.9 |
1.8 |
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Provision for pensions |
0.3 |
0.3 |
0.3 |
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Mortgages and loans |
0.3 |
0.5 |
0.5 |
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Trade creditors |
2.2 |
2.0 |
3.4 |
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Bank loans and overdrafts |
1.0 |
0.2 |
0.3 |
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Other current liabilities |
1.3 |
1.9 |
1.8 |
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Accruals and deferred income |
0.0 |
0.0 |
0.0 |
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Total current liabilities |
4.5 |
4.2 |
5.5 |
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Total liabilities (including net worth) |
7.1 |
6.9 |
8.0 |
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Intangibles |
0.3 |
0.3 |
0.2 |
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Total tangible fixed assets |
0.2 |
0.3 |
0.3 |
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Total financial assets |
0.1 |
0.1 |
0.1 |
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Receivables due after 1 year |
1.0 |
0.3 |
0.3 |
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Total non-current assets |
1.6 |
1.0 |
1.0 |
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Finished goods |
1.3 |
2.3 |
2.6 |
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Net stocks and work in progress |
1.3 |
2.3 |
2.6 |
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Trade debtors |
3.2 |
1.9 |
3.4 |
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Other receivables |
0.3 |
0.4 |
0.4 |
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Cash and liquid assets |
0.6 |
0.8 |
0.6 |
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Marketable securities |
- |
0.4 |
- |
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Accruals |
0.1 |
0.1 |
0.1 |
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Total current assets |
5.5 |
5.9 |
7.0 |
|
Total assets |
7.1 |
6.9 |
8.0 |
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 |
|
|
|
|
|
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Current ratio |
1.20 |
1.40 |
1.30 |
|
Quick ratio |
0.90 |
0.90 |
0.80 |
|
Current liabilities to net worth |
0.02% |
0.02% |
0.03% |
|
Sales per employee |
0.54 |
0.54 |
0.60 |
|
Profit per employee |
0.02 |
0.01 |
0.03 |
|
Average wage per employee |
0.06 |
0.06 |
0.05 |
|
Net worth |
2.0 |
1.9 |
1.8 |
|
Number of employees |
17 |
17 |
16 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.77 |
|
|
1 |
Rs.85.13 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
|
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.