MIRA
INFORM REPORT
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Report Date : |
20.06.2013 |
IDENTIFICATION DETAILS
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Name : |
GAMA SRL |
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Registered Office : |
Via Milano 76
Robbiate, 23899 |
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Country : |
Italy |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
02.11.1992 |
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Com. Reg. No.: |
02037580137 |
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Legal Form : |
Private Independent |
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Line of Business : |
Subject is engaged in manufacture of electrical signalling,
safety or traffic control equipment for motorways, roads or streets, railways
and tramways, inland waterways, ports and harbours and airports. |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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.
|
Source
: CIA |
Company name and address
GAMA SRL
|
Via Milano 76 Robbiate, 23899 Italy
|
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Business Description
Gama SRL is primarily engaged in manufacture of electrical
signalling, safety or traffic control equipment for motorways, roads or
streets, railways and tramways, inland waterways, ports and harbours and
airports; manufacture of diverse electrical sound or visual signalling
apparatus (bells, sirens, indicator panels, burglar and fire alarms, etc.);
manufacture of electromagnets including electromagnetic or permanent magnet
chucks, clutches, brakes, couplings, clamps or lifting heads; manufacture of
electrical insulators and insulating fittings, except of glass or ceramics;
manufacture of insulating fittings for electrical machines or equipment, except
of ceramics or plastics; manufacture of carbon or graphite electrodes;
manufacture of electrical conduit tubing and joints for such tubing, of base
metal lined with insulating material; and manufacture of diverse electrical
machines and apparatus (particle accelerators, signal generators, mine
detectors, electrical detonators, etc.).
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
3162 -
Manufacture of other electrical equipment not elsewhere classified |
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NAICS 2002: |
335999 -
All Other Miscellaneous Electrical Equipment and Component Manufacturing |
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UK SIC 2003: |
3162 -
Manufacture of other electrical equipment not elsewhere classified |
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UK SIC 2007: |
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US SIC 1987: |
3699 -
Electrical Machinery, Equipment, and Supplies, Not Elsewhere Classified |
Key Executives
|
Name |
Title |
Source |
|
Emma Gavazzeni |
President |
D&B |
|
Giuseppe Colombi Manzi |
Member of the board |
D&B |
News
|
Title |
Date |
|
Supermicro® anuncia la
compatibilidad para la nueva gama de productos Intel® Xeon PhiT x100 |
18-Jun-2013 |
|
Nuevos productos de minerĂa
bitcoin ASIC que producen 350GHash/s, de KnCMiner |
18-Jun-2013 |
|
Dr. Victor KR Matsudo Joins
ActiGraph Scientific Advisory Board |
18-Jun-2013 |
|
Students begin building planes |
17-Jun-2013 |
|
Smart Helpline selects Travelport
as its major GDS provider in Poland |
17-Jun-2013 |
|
GAMA ENGINEERING'S HELICOPTER
MAINTENANCE FACILITY POSTS SIGNIFICANT GROWTH |
17-Jun-2013 |
Registered No.(ITA): 02037580137
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7476949
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.8046644
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ANZSIC 2006 Codes: |
||
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2439 |
- |
Other Electrical Equipment Manufacturing |
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2429 |
- |
Other Electronic Equipment Manufacturing |
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942 |
- |
Machinery and Equipment Repair and Maintenance |
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3232 |
- |
Electrical Services |
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NACE 2002 Codes: |
||
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3162 |
- |
Manufacture of other electrical equipment not elsewhere
classified |
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3230 |
- |
Manufacture of television and radio receivers, sound or
video recording or reproducing apparatus and associated goods |
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4531 |
- |
Installation of electrical wiring and fittings |
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5272 |
- |
Repair of electrical household goods |
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NAICS 2002 Codes: |
||
|
335999 |
- |
All Other Miscellaneous Electrical Equipment and Component
Manufacturing |
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81121 |
- |
Electronic and Precision Equipment Repair and Maintenance |
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238210 |
- |
Electrical Contractors |
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334310 |
- |
Audio and Video Equipment Manufacturing |
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US SIC 1987: |
||
|
3699 |
- |
Electrical Machinery, Equipment, and Supplies, Not
Elsewhere Classified |
|
762 |
- |
Electrical Repair Shops |
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1731 |
- |
Electrical Work |
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3651 |
- |
Household Audio and Video Equipment |
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UK SIC 2003: |
||
|
3162 |
- |
Manufacture of other electrical equipment not elsewhere
classified |
|
3230 |
- |
Manufacture of television and radio receivers, sound or video
recording or reproducing apparatus and associated goods |
|
5272 |
- |
Repair of electrical household goods |
|
4531 |
- |
Installation of electrical wiring and fittings |
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UK SIC 2007: |
||
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2790 |
- |
Manufacture of other electrical equipment |
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2640 |
- |
Manufacture of consumer electronics |
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9522 |
- |
Repair of household appliances and home and garden
equipment |
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4321 |
- |
Electrical installation |
Gama SRL is primarily engaged in manufacture of electrical signalling, safety or traffic control equipment for motorways, roads or streets, railways and tramways, inland waterways, ports and harbours and airports; manufacture of diverse electrical sound or visual signalling apparatus (bells, sirens, indicator panels, burglar and fire alarms, etc.); manufacture of electromagnets including electromagnetic or permanent magnet chucks, clutches, brakes, couplings, clamps or lifting heads; manufacture of electrical insulators and insulating fittings, except of glass or ceramics; manufacture of insulating fittings for electrical machines or equipment, except of ceramics or plastics; manufacture of carbon or graphite electrodes; manufacture of electrical conduit tubing and joints for such tubing, of base metal lined with insulating material; and manufacture of diverse electrical machines and apparatus (particle accelerators, signal generators, mine detectors, electrical detonators, etc.).
|
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Bank: Banca Popolare di Milano Ag
Executives Report
Board of Directors
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Member of the board |
Director/Board Member |
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President |
President |
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Managing director |
Managing Director |
News
Annual Profit & Loss
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|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate (Period
Average) |
0.747695 |
0.7347 |
0.721483 |
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Consolidated |
No |
No |
No |
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Total income |
1.9 |
1.9 |
1.5 |
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Net sales |
1.9 |
1.9 |
1.5 |
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Raw materials and consumables employed |
0.7 |
0.7 |
0.5 |
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Other expenses |
0.5 |
0.4 |
0.3 |
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Total payroll costs |
0.3 |
0.3 |
0.3 |
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Fixed asset depreciation and amortisation |
0.0 |
0.0 |
0.0 |
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Other operating costs |
0.1 |
0.1 |
0.1 |
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Net operating income |
0.4 |
0.5 |
0.3 |
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Total financial income |
0.0 |
0.0 |
0.0 |
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Profit before tax |
0.4 |
0.5 |
0.3 |
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Extraordinary result |
- |
- |
0.0 |
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Profit after extraordinary items and before tax |
0.4 |
0.5 |
0.3 |
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Total taxation |
0.1 |
0.2 |
0.1 |
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Net profit |
0.2 |
0.3 |
0.2 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.804664 |
0.689727 |
0.816393 |
|
Consolidated |
No |
No |
No |
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|
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Total stockholders equity |
1.3 |
1.5 |
1.2 |
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Provision for pensions |
0.1 |
0.1 |
0.1 |
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Other current liabilities |
0.2 |
0.3 |
0.2 |
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Accruals and deferred income |
0.0 |
0.0 |
0.0 |
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Total current liabilities |
0.3 |
0.4 |
0.2 |
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Total liabilities (including net worth) |
1.7 |
2.1 |
1.5 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total tangible fixed assets |
0.3 |
0.4 |
0.3 |
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Total non-current assets |
0.3 |
0.4 |
0.3 |
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Net stocks and work in progress |
0.2 |
0.2 |
0.2 |
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Other receivables |
1.0 |
1.1 |
0.8 |
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Cash and liquid assets |
0.3 |
0.3 |
0.3 |
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Accruals |
0.0 |
0.0 |
0.0 |
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Total current assets |
1.4 |
1.7 |
1.2 |
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Total assets |
1.7 |
2.1 |
1.5 |
Annual
Ratios
Financials in: USD (mil)
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.804664 |
0.689727 |
0.816393 |
|
Consolidated |
No |
No |
No |
|
|
|
|
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Current ratio |
5.30 |
4.50 |
4.90 |
|
Quick ratio |
4.70 |
4.00 |
4.20 |
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Current liabilities to net worth |
0.00% |
0.00% |
0.00% |
|
Sales per employee |
- |
- |
0.26 |
|
Average wage per employee |
- |
- |
0.05 |
|
Net worth |
1.3 |
1.5 |
1.2 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.74 |
|
|
1 |
Rs.91.99 |
|
Euro |
1 |
Rs.78.70 |
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 |
|
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 |
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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.