MIRA
INFORM REPORT
|
Report Date : |
20.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
BRETON SPA |
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Registered Office : |
Via Garibaldi 27, Castello di Godego, 31030 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
19.02.1986 |
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Reg. No.: |
01880270267 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Manufacture of complete lines and machines for processing natural and
engineered stone and plant to manufacture engineered stone; technology and
plant to manufacture engineered stone; machine tools |
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No. of Employees : |
530 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
|
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.
Source
: CIA
Company name & address
BRETON SPA
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Business
Description
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Manufacture of complete lines and machines for processing natural and
engineered stone and plant to manufacture engineered stone; technology and
plant to manufacture engineered stone; machine tools |
Industry
|
Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
2822 -
Manufacture of metal-forming machinery and machine tools |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
|
Name |
Title |
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Luca Toncelli |
President |
|
Roberto Chiavacci |
Vice president |
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Lorenzo Del Mutolo |
Head of accounting department |
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Fabio Stocco |
Personnel manager |
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Dario Toncelli |
General manager |
News
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Title |
Date |
|
Sault This Week (137 Words) |
17-Nov-2013 |
|
Sault Star Online (52 Words) |
17-Nov-2013 |
|
Movie about
finding happiness a dream come true for Nova Scotia author Canadian Press DataFile (564 Words) |
17-Nov-2013 |
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Company and Organization Website News (238 Words) |
17-Nov-2013 |
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The
Sacramento Bee Marcos Breton column Sacramento Bee (CA) (782 Words) |
17-Nov-2013 |
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Marcos Breton:
Lets not look at the JFK assassination through rose-colored glasses Sacramento Bee (753 Words) |
17-Nov-2013 |
Registered
No.(ITA): 01880270267
1 - Profit & Loss Item Exchange Rate: USD
1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 =
EUR 0.770327
Corporate
Overview
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ANZSIC
2006 Codes: |
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2463 |
- |
Machine Tool and Parts Manufacturing |
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2469 |
- |
Other Specialised Machinery and Equipment Manufacturing |
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ISIC
Rev 4 Codes: |
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2822 |
- |
Manufacture of metal-forming machinery and machine tools |
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2819 |
- |
Manufacture of other general-purpose machinery |
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NACE
Rev 2 Codes: |
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2841 |
- |
Manufacture of metal forming machinery |
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2829 |
- |
Manufacture of other general-purpose machinery n.e.c. |
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NAICS
2012 Codes: |
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333517 |
- |
Machine Tool Manufacturing |
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333249 |
- |
Other Industrial Machinery Manufacturing |
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US
SIC 1987: |
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|
3541 |
- |
Machine Tools, Metal Cutting Types |
|
3559 |
- |
Special Industry Machinery, Not Elsewhere Classified |
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UK
SIC 2007: |
||
|
2841 |
- |
Manufacture of metal forming machinery |
|
2829 |
- |
Manufacture of other general-purpose machinery n.e.c. |
Manufacture of complete lines and machines for processing natural and
engineered stone and plant to manufacture engineered stone; technology and
plant to manufacture engineered stone; machine tools
More Business Descriptions
|
Breton SpA is primarily engaged in manufacture of machine tools for
working metal operated by laser and the like: machining centres and the like;
manufacture of lathes, boring and milling machines for working metals;
manufacture of other machine tools for working metal; and manufacture of
parts and accessories for metalworking machine-tools. |
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Other Industrial Machinery Manufacturing |
Breton
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Corporate Structure News
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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SIGEP SPA |
Parent |
|||||
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Subsidiary |
Castello di Godego, TV |
Italy |
Machinery and Equipment Manufacturing |
146.4 |
530 |
Executives Report
Board of Directors
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General manager |
Director/Board Member |
Executives
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President |
President |
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General manager |
Division Head Executive |
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Vice president |
Senior Management (General) |
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Head of accounting department |
Accounting Executive |
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Personnel manager |
Human Resources Executive |
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News
|
Sault This Week (137 Words) |
17-Nov-2013 |
|
Sault Star Online (52 Words) |
17-Nov-2013 |
|
Movie about
finding happiness a dream come true for Nova Scotia author |
17-Nov-2013 |
|
Company and Organization Website News (238 Words) |
17-Nov-2013 |
|
The
Sacramento Bee Marcos Breton column Sacramento Bee (CA) (782 Words) |
17-Nov-2013 |
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Marcos
Breton: Lets not look at the JFK assassination through rose-colored glasses |
17-Nov-2013 |
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Sunday Telegraph (UK) (838 Words) |
17-Nov-2013 |
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Star-Ledger (NJ) (12282 Words) |
17-Nov-2013 |
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Teenage boy
charged in crash that killed three people in Nova Scotia Canadian Press DataFile (134 Words) |
16-Nov-2013 |
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Company and Organization Website News (239 Words) |
16-Nov-2013 |
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Boy, 17,
charged in triple-fatal Port Hood crash Company and Organization Website News (124 Words) |
16-Nov-2013 |
Annual Profit & Loss
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate (Period Average) |
0.778237 |
0.71919 |
0.755078 |
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Consolidated |
No |
No |
No |
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Total income |
149.8 |
157.0 |
147.6 |
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Net sales |
141.7 |
146.4 |
135.8 |
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Other operating income |
3.1 |
1.5 |
1.5 |
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Raw materials and consumables employed |
71.6 |
67.6 |
71.6 |
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Other expenses |
29.4 |
43.2 |
32.1 |
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Total payroll costs |
37.2 |
36.0 |
33.2 |
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Fixed asset depreciation and amortisation |
9.4 |
8.6 |
8.1 |
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Other operating costs |
0.9 |
0.4 |
1.2 |
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Net operating income |
1.3 |
1.2 |
1.4 |
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Total financial income |
2.3 |
2.6 |
1.9 |
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Total expenses |
2.5 |
2.7 |
1.8 |
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Profit before tax |
1.1 |
1.0 |
1.4 |
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Extraordinary result |
1.4 |
0.5 |
1.8 |
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Profit after extraordinary items and before tax |
2.4 |
1.5 |
3.2 |
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Total taxation |
1.1 |
1.3 |
0.8 |
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Net profit |
1.3 |
0.2 |
2.5 |
Annual Balance
Sheet
Financials in: USD (mil)
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
|
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
|
Consolidated |
No |
No |
No |
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Total stockholders equity |
110.2 |
106.9 |
110.3 |
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Provision for risks |
8.2 |
8.3 |
9.0 |
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Provision for pensions |
8.1 |
7.2 |
7.3 |
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Mortgages and loans |
60.5 |
72.4 |
62.8 |
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Other long-term liabilities |
19.4 |
- |
- |
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Trade creditors |
61.9 |
55.8 |
64.3 |
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Bank loans and overdrafts |
21.9 |
17.3 |
11.7 |
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Other current liabilities |
18.8 |
20.1 |
31.5 |
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Accruals and deferred income |
0.7 |
0.8 |
0.8 |
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Total current liabilities |
103.4 |
94.0 |
108.3 |
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Total liabilities (including net worth) |
309.8 |
288.8 |
297.7 |
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Intangibles |
7.0 |
2.7 |
0.8 |
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Buildings |
63.3 |
61.8 |
56.4 |
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Total tangible fixed assets |
110.3 |
106.3 |
100.2 |
|
Long-term investments |
0.8 |
0.3 |
0.0 |
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Total financial assets |
4.5 |
2.3 |
1.9 |
|
Receivables due after 1 year |
16.0 |
1.6 |
2.5 |
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Loans to associated companies |
1.6 |
1.9 |
- |
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Total non-current assets |
137.8 |
113.0 |
105.4 |
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Finished goods |
22.1 |
19.5 |
18.4 |
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Net stocks and work in progress |
61.2 |
44.2 |
34.0 |
|
Trade debtors |
51.8 |
30.9 |
29.5 |
|
Other receivables |
2.3 |
14.8 |
21.1 |
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Cash and liquid assets |
42.9 |
68.6 |
85.3 |
|
Marketable securities |
12.9 |
16.5 |
21.5 |
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Accruals |
1.0 |
0.8 |
0.8 |
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Total current assets |
172.0 |
175.9 |
192.4 |
|
Total assets |
309.8 |
288.8 |
297.7 |
Annual Ratios
Financials in: USD (mil)
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.70 |
1.90 |
1.80 |
|
Quick ratio |
1.10 |
1.40 |
1.50 |
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Current liabilities to net worth |
0.01% |
0.01% |
0.01% |
|
Sales per employee |
0.21 |
0.23 |
0.22 |
|
Profit per employee |
0.00 |
0.00 |
0.01 |
|
Average wage per employee |
0.05 |
0.06 |
0.05 |
|
Net worth |
110.2 |
106.9 |
110.3 |
|
Number of employees |
532 |
467 |
465 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.23 |
|
|
1 |
Rs.100.18 |
|
Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.