MIRA INFORM REPORT
|
Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
OLIMPIAS SPA
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Registered Office : |
Via Delle Tezze
1, Ponzano Veneto, 31050 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
21.10.1988 |
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Com. Reg. No.: |
02119970263 |
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Legal Form : |
Public
Subsidiary Company |
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Line of Business : |
Subject is
engaged in bleaching, dyeing and printing (including thermo-printing) of not self-produced
textiles fibres, yarns, fabrics and textile articles, including wearing
apparel; and dressing, drying, steaming, shrinking, sanforising, mercerising
of not self-produced textiles and textile articles including wearing apparel. |
|
|
|
|
No. of Employees : |
798 |
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 |
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|
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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) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
United Kingdom ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the second
largest economy in Europe after Germany. Over the past two decades, the
government has greatly reduced public ownership and contained the growth of
social welfare programs. Agriculture is intensive, highly mechanized, and
efficient by European standards, producing about 60% of food needs with less
than 2% of the labor force. The UK has large coal, natural gas, and oil
resources, but its oil and natural gas reserves are declining and the UK became
a net importer of energy in 2005. Services, particularly banking, insurance, and
business services, account by far for the largest proportion of GDP while
industry continues to decline in importance. After emerging from recession in
1992, Britain's economy enjoyed the longest period of expansion on record
during which time growth outpaced most of Western Europe. In 2008, however, the
global financial crisis hit the economy particularly hard, due to the
importance of its financial sector. Sharply declining home prices, high
consumer debt, and the global economic slowdown compounded Britain's economic
problems, pushing the economy into recession in the latter half of 2008 and
prompting the then BROWN (Labour) government to implement a number of measures
to stimulate the economy and stabilize the financial markets; these include
nationalizing parts of the banking system, temporarily cutting taxes,
suspending public sector borrowing rules, and moving forward public spending on
capital projects. Facing burgeoning public deficits and debt levels, in 2010
the CAMERON-led coalition government (between Conservatives and Liberal
Democrats) initiated a five-year austerity program, which aimed to lower
London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In
November 2011, Chancellor of the Exchequer George OSBORNE announced additional
austerity measures through 2017 because of slower-than-expected economic growth
and the impact of the euro-zone debt crisis. The CAMERON government raised the
value added tax from 17.5% to 20% in 2011. It has pledged to reduce the
corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an
asset purchase program of up to £375 billion (approximately $605 billion) as of
December 2012. During times of economic crisis, the BoE coordinates interest
rate moves with the European Central Bank, but Britain remains outside the
European Economic and Monetary Union (EMU). In 2012, weak consumer spending and
subdued business investment weighed on the economy. GDP fell 0.1%, and the
budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued
to increase.
|
Source : CIA |
Company name & address
Olimpias SpA
Via Delle Tezze 1
Ponzano Veneto,
31050
Italy
Tel: +39 0422 6262
Fax: +39 0422 626100
Web: www.olimpias.it
SYNTHESIS
Employees: 798
Company Type: Public Subsidiary
Corporate Family: 237 Companies
Ultimate Parent: Edizione SRL
Incorporation
Date: 21-Oct-1988
Financials in: USD (Millions)
Fiscal Year End: 31-Dec-2012
Reporting
Currency: Euro
Annual Sales: 167.5
Total Assets: 181.7
Business Description
Olimpias SpA is
primarily engaged in bleaching, dyeing and printing (including thermo-printing)
of not self-produced textiles fibres, yarns, fabrics and textile articles,
including wearing apparel; and dressing, drying, steaming, shrinking,
sanforising, mercerising of not self-produced textiles and textile articles including
wearing apparel. This class also includes: finishing of leather wearing
apparel; bleaching of jeans; and pleating and similar work on textiles.
Industry
Industry
Textile Manufacturing
ANZSIC 2006: 1334 - Textile Finishing and Other Textile Product
Manufacturing
ISIC Rev 4: 1313 - Finishing of textiles
NACE Rev 2: 1330 - Finishing of textiles
NAICS 2012: 313310 - Textile and Fabric Finishing
Mills
UK SIC 2007: 1330 - Finishing of textiles
US SIC 1987: 2269 - Finishers of Textiles, Not Elsewhere
Classified
Key Executives
|
|
Title |
|
Christian Benetton |
President |
|
Roberto Alessi |
Executive |
|
Alberto Walter Cadeddu |
Executive |
|
Alberto Dal Medico |
Executive |
|
Biagio Chiarolanza |
Member of the board |
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7782366
2 - Balance Sheet
Item Exchange Rate: USD 1 = EUR 0.7566
Corporate Overview
Location
Via Delle Tezze 1
Ponzano Veneto,
31050
Italy
Tel: +39
0422 6262
Fax: +39 0422 626100
Web: www.olimpias.it
Sales EUR(mil): 130.4
Assets EUR(mil): 137.5
Employees: 798
Fiscal Year End: 31-Dec-2012
Industry: Apparel and Accessories
Incorporation
Date: 21-Oct-1988
Company Type: Public Subsidiary
Quoted Status: Not Quoted
Registered
No.(ITA): 02119970263
President: Christian Benetton
Industry Codes
ANZSIC 2006
Codes:
1334 - Textile
Finishing and Other Textile Product Manufacturing
1510 - Pulp,
Paper and Paperboard Manufacturing
1340 - Knitted
Product Manufacturing
1351 - Clothing
Manufacturing
ISIC Rev 4 Codes:
1313 - Finishing
of textiles
1430 - Manufacture
of knitted and crocheted apparel
1410 - Manufacture
of wearing apparel, except fur apparel
1701 - Manufacture
of pulp, paper and paperboard
NACE Rev 2 Codes:
1330 - Finishing
of textiles
1439 - Manufacture
of other knitted and crocheted apparel
1413 - Manufacture
of other outerwear
1712 - Manufacture
of paper and paperboard
NAICS 2012 Codes:
313310 - Textile
and Fabric Finishing Mills
315240 - Women’s,
Girls’, and Infants’ Cut and Sew Apparel Manufacturing
315190 - Other
Apparel Knitting Mills
3221 - Pulp,
Paper, and Paperboard Mills
US SIC 1987:
2269 - Finishers of Textiles, Not Elsewhere
Classified
2385 - Waterproof Outerwear
2621 - Paper Mills
2253 - Knit Outerwear Mills
UK SIC 2007:
1330 - Finishing of textiles
1439 - Manufacture of other knitted and
crocheted apparel
1413 - Manufacture of other outerwear
1712 - Manufacture of paper and paperboard
Business Description
Olimpias SpA is primarily engaged in bleaching,
dyeing and printing (including thermo-printing) of not self-produced textiles
fibres, yarns, fabrics and textile articles, including wearing apparel; and
dressing, drying, steaming, shrinking, sanforising, mercerising of not
self-produced textiles and textile articles including wearing apparel. This
class also includes: finishing of leather wearing apparel; bleaching of jeans;
and pleating and similar work on textiles.
More Business Descriptions
Fiber, Yarn, and Thread Mills
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Corporate Family |
Corporate
Structure News: |
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|
Edizione
SRL |
|
Olimpias SpA |
|
|
Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Treviso, Treviso |
Italy |
Holding Companies |
10.8 |
14 |
|
|
Subsidiary |
Rozzano |
Italy |
Restaurants and Bars |
8,759.3 |
47,762 |
|
|
Subsidiary |
Bethesda, MD |
United States |
Restaurants and Bars |
1,400.0 |
26,000 |
|
|
Branch |
Chicago, IL |
United States |
Performing Arts |
78.3 |
1,300 |
|
|
Branch |
Chicago, IL |
United States |
Performing Arts |
72.3 |
1,200 |
|
|
Branch |
Las Vegas, NV |
United States |
Performing Arts |
41.8 |
900 |
|
|
Subsidiary |
Jamaica, NY |
United States |
Performing Arts |
61.4 |
800 |
|
|
Branch |
Dallas, TX |
United States |
Performing Arts |
39.8 |
800 |
|
|
Branch |
St Paul, MN |
United States |
Performing Arts |
39.7 |
800 |
|
|
Branch |
St Louis, MO |
United States |
Performing Arts |
39.3 |
800 |
|
|
Branch |
Seatac, WA |
United States |
Performing Arts |
36.8 |
600 |
|
|
Branch |
Honolulu, HI |
United States |
Performing Arts |
21.0 |
450 |
|
|
Branch |
Aberdeen, MD |
United States |
Performing Arts |
18.4 |
300 |
|
|
Branch |
Kansas City, MO |
United States |
Performing Arts |
14.7 |
300 |
|
|
Branch |
Jacksonville, FL |
United States |
Performing Arts |
12.6 |
250 |
|
|
Branch |
Cincinnati, OH |
United States |
Performing Arts |
11.8 |
250 |
|
|
Branch |
Columbus, OH |
United States |
Performing Arts |
9.4 |
199 |
|
|
Branch |
San Jose, CA |
United States |
Performing Arts |
11.5 |
180 |
|
|
Branch |
North East, MD |
United States |
Performing Arts |
10.7 |
175 |
|
|
Branch |
Cranbury, NJ |
United States |
Performing Arts |
8.7 |
168 |
|
|
Branch |
Anchorage, AK |
United States |
Performing Arts |
8.4 |
160 |
|
|
Branch |
Lake Worth, FL |
United States |
Performing Arts |
7.6 |
150 |
|
|
Branch |
Norfolk, VA |
United States |
Performing Arts |
9.4 |
130 |
|
|
Branch |
South Amboy, NJ |
United States |
Performing Arts |
6.7 |
130 |
|
|
Branch |
Pattersonville, NY |
United States |
Performing Arts |
9.2 |
120 |
|
|
Branch |
Hannacroix, NY |
United States |
Performing Arts |
9.2 |
120 |
|
|
Branch |
Elverson, PA |
United States |
Performing Arts |
6.7 |
120 |
|
|
Branch |
Louisville, KY |
United States |
Performing Arts |
5.4 |
120 |
|
|
Branch |
Montvale, NJ |
United States |
Performing Arts |
5.6 |
108 |
|
|
Branch |
Ridgefield, NJ |
United States |
Performing Arts |
5.4 |
104 |
|
|
Branch |
Waterfall, PA |
United States |
Performing Arts |
5.6 |
100 |
|
|
Branch |
East Brunswick, NJ |
United States |
Performing Arts |
5.2 |
100 |
|
|
Branch |
Clyde, OH |
United States |
Performing Arts |
4.7 |
100 |
|
|
Branch |
Vandalia, OH |
United States |
Restaurants and Bars |
4.1 |
100 |
|
|
Branch |
El Paso, TX |
United States |
Performing Arts |
4.9 |
99 |
|
|
Branch |
Corfu, NY |
United States |
Performing Arts |
7.3 |
95 |
|
|
Branch |
Trenton, NJ |
United States |
Performing Arts |
4.7 |
90 |
|
|
Branch |
Westmoreland, NY |
United States |
Performing Arts |
6.3 |
82 |
|
|
Branch |
Clifton Springs, NY |
United States |
Performing Arts |
6.1 |
80 |
|
|
Branch |
West Gardiner, ME |
United States |
Performing Arts |
3.8 |
80 |
|
|
Branch |
Beckley, WV |
United States |
Performing Arts |
3.7 |
80 |
|
|
Branch |
Hammonton, NJ |
United States |
Performing Arts |
4.0 |
78 |
|
|
Branch |
Clifton Springs, NY |
United States |
Performing Arts |
5.8 |
75 |
|
|
Branch |
Spokane, WA |
United States |
Performing Arts |
4.6 |
75 |
|
|
Branch |
Trenton, NJ |
United States |
Performing Arts |
3.9 |
75 |
|
|
Branch |
Jamaica, NY |
United States |
Performing Arts |
5.4 |
70 |
|
|
Branch |
New Baltimore, NY |
United States |
Performing Arts |
5.4 |
70 |
|
|
Branch |
Sacramento, CA |
United States |
Performing Arts |
4.5 |
70 |
|
|
Branch |
Oakland, CA |
United States |
Performing Arts |
4.5 |
70 |
|
|
Branch |
Baltimore, MD |
United States |
Performing Arts |
4.3 |
70 |
|
|
Branch |
Chicago, IL |
United States |
Performing Arts |
4.2 |
70 |
|
|
Branch |
Verona, PA |
United States |
Performing Arts |
3.9 |
70 |
|
|
Branch |
Somerset, PA |
United States |
Performing Arts |
3.9 |
70 |
|
|
Branch |
Bedford, PA |
United States |
Performing Arts |
3.9 |
70 |
|
|
Branch |
King Of Prussia, PA |
United States |
Performing Arts |
3.9 |
70 |
|
|
Branch |
Somerset, PA |
United States |
Performing Arts |
3.9 |
70 |
|
|
Branch |
Concord, NC |
United States |
Performing Arts |
3.8 |
70 |
|
|
Branch |
East Boston, MA |
United States |
Performing Arts |
3.7 |
70 |
|
|
Branch |
Absecon, NJ |
United States |
Performing Arts |
3.6 |
70 |
|
|
Branch |
South Amboy, NJ |
United States |
Performing Arts |
3.6 |
70 |
|
|
Branch |
Newark, NJ |
United States |
Performing Arts |
3.6 |
70 |
|
|
Branch |
Penns Grove, NJ |
United States |
Performing Arts |
3.6 |
70 |
|
|
Branch |
Trenton, NJ |
United States |
Performing Arts |
3.6 |
70 |
|
|
Branch |
Atlanta, GA |
United States |
Performing Arts |
3.6 |
70 |
|
|
Branch |
Atlanta, GA |
United States |
Performing Arts |
3.6 |
70 |
|
|
Branch |
Orlando, FL |
United States |
Performing Arts |
3.5 |
70 |
|
|
Branch |
Miami, FL |
United States |
Performing Arts |
3.5 |
70 |
|
|
Branch |
Fort Myers, FL |
United States |
Performing Arts |
3.5 |
70 |
|
|
Branch |
Birmingham, AL |
United States |
Performing Arts |
3.5 |
70 |
|
|
Branch |
Houston, TX |
United States |
Performing Arts |
3.5 |
70 |
|
|
Branch |
Houston, TX |
United States |
Performing Arts |
3.5 |
70 |
|
|
Branch |
Houston, TX |
United States |
Performing Arts |
3.5 |
70 |
|
|
Branch |
San Antonio, TX |
United States |
Performing Arts |
3.5 |
70 |
|
|
Branch |
Memphis, TN |
United States |
Performing Arts |
3.5 |
70 |
|
|
Branch |
West Unity, OH |
United States |
Performing Arts |
3.3 |
70 |
|
|
Branch |
West Unity, OH |
United States |
Performing Arts |
3.3 |
70 |
|
|
Branch |
Kennebunk, ME |
United States |
Performing Arts |
3.3 |
70 |
|
|
Branch |
Boise, ID |
United States |
Performing Arts |
2.7 |
70 |
|
|
Branch |
Canastota, NY |
United States |
Performing Arts |
5.1 |
66 |
|
|
Branch |
Ruby, NY |
United States |
Performing Arts |
4.8 |
63 |
|
|
Branch |
Wichita, KS |
United States |
Performing Arts |
3.2 |
63 |
|
|
Branch |
Little Falls, NY |
United States |
Performing Arts |
4.6 |
60 |
|
|
Branch |
Jim Thorpe, PA |
United States |
Performing Arts |
3.4 |
60 |
|
|
Branch |
Penns Grove, NJ |
United States |
Performing Arts |
3.0 |
58 |
|
|
Branch |
Phelps, NY |
United States |
Performing Arts |
4.2 |
55 |
|
|
Branch |
Wildwood, FL |
United States |
Performing Arts |
4.5 |
54 |
|
|
Branch |
Bowmansville, PA |
United States |
Performing Arts |
2.9 |
52 |
|
|
Branch |
Little Falls, NY |
United States |
Performing Arts |
3.8 |
50 |
|
|
Branch |
Elkhart, IN |
United States |
Performing Arts |
2.7 |
50 |
|
|
Branch |
Elkhart, IN |
United States |
Performing Arts |
2.7 |
50 |
|
|
Branch |
Mt Laurel, NJ |
United States |
Performing Arts |
2.6 |
50 |
|
|
Branch |
Kahului, HI |
United States |
Performing Arts |
2.3 |
50 |
|
|
Branch |
Hastings On Hdsn, NY |
United States |
Performing Arts |
3.5 |
45 |
|
|
Branch |
New York, NY |
United States |
Performing Arts |
3.5 |
45 |
|
|
Branch |
Broadview Hts, OH |
United States |
Performing Arts |
1.9 |
40 |
|
|
Branch |
Jackson, MS |
United States |
Performing Arts |
1.7 |
36 |
|
|
Branch |
Broadview Hts, OH |
United States |
Performing Arts |
1.4 |
30 |
|
|
Branch |
Mantua, OH |
United States |
Performing Arts |
1.4 |
30 |
|
|
Branch |
Houston, TX |
United States |
Performing Arts |
1.2 |
25 |
|
|
Branch |
Belvidere, IL |
United States |
Performing Arts |
1.2 |
20 |
|
|
Branch |
Oak Hill, WV |
United States |
Performing Arts |
0.9 |
20 |
|
|
Branch |
Jamaica, NY |
United States |
Performing Arts |
1.2 |
15 |
|
|
Branch |
Schiller Park, IL |
United States |
Performing Arts |
0.9 |
15 |
|
|
Branch |
Atlanta, GA |
United States |
Performing Arts |
0.8 |
15 |
|
|
Branch |
Cumberland Ctr, ME |
United States |
Performing Arts |
0.7 |
15 |
|
|
Branch |
Dekalb, IL |
United States |
Performing Arts |
0.7 |
12 |
|
|
Branch |
San Antonio, TX |
United States |
Performing Arts |
0.6 |
12 |
|
|
Branch |
Belmar, NJ |
United States |
Performing Arts |
0.5 |
10 |
|
|
Branch |
Syracuse, NY |
United States |
Performing Arts |
0.5 |
7 |
|
|
Branch |
Glen Burnie, MD |
United States |
Performing Arts |
0.2 |
3 |
|
|
Subsidiary |
Birmingham |
United Kingdom |
Holding Companies |
|
6,780 |
|
|
Subsidiary |
Madrid |
Spain |
Clothing and Apparel Stores |
925.7 |
1,702 |
|
|
Subsidiary |
Cancun, Quintana Roo |
Mexico |
Miscellaneous Store Retailers |
37.5 |
273 |
|
|
Subsidiary |
Benjito Juárez, Quintana Roo |
Mexico |
Travel and Reservation Services |
|
25 |
|
|
Subsidiary |
Marseille |
France |
Restaurants and Bars |
145.8 |
1,499 |
|
|
Subsidiary |
Valence |
France |
Hotels and Accommodation |
11.7 |
149 |
|
|
Subsidiary |
Marseille |
France |
Hotels and Accommodation |
12.5 |
34 |
|
|
Subsidiary |
Perrogney Les Fontaines |
France |
Hotels and Accommodation |
5.1 |
34 |
|
|
Subsidiary |
Marseille |
France |
Hotels and Accommodation |
5.4 |
|
|
|
Subsidiary |
Marseille |
France |
Hotels and Accommodation |
5.0 |
|
|
|
Subsidiary |
Marseille |
France |
Miscellaneous Professional Services |
3.8 |
|
|
|
Subsidiary |
Olten |
Switzerland |
Restaurants and Bars |
181.3 |
1,300 |
|
|
Subsidiary |
Madrid |
Spain |
Road Transportation Services |
95.2 |
1,175 |
|
|
Subsidiary |
Feltham |
United Kingdom |
Beer, Wine, and Liquor Stores |
1,211.0 |
3,323 |
|
|
Subsidiary |
Feltham |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Feltham |
United Kingdom |
Miscellaneous Store Retailers |
|
|
|
|
Subsidiary |
Novara, Novara |
Italy |
Gasoline Stations and Fuel Dealers |
844.5 |
1,105 |
|
|
Subsidiary |
München, Bayern |
Germany |
Hotels and Accommodation |
87.8 |
985 |
|
|
Subsidiary |
Antwerpen |
Belgium |
Restaurants and Bars |
67.7 |
707 |
|
|
Subsidiary |
Antwerpen |
Belgium |
Restaurants and Bars |
16.0 |
340 |
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
19.6 |
204 |
|
|
Subsidiary |
Minneapolis, MN |
United States |
Miscellaneous Store Retailers |
15.0 |
200 |
|
|
Branch |
St Paul, MN |
United States |
Miscellaneous Store Retailers |
6.2 |
30 |
|
|
Branch |
St Paul, MN |
United States |
Miscellaneous Store Retailers |
2.3 |
25 |
|
|
Branch |
Edina, MN |
United States |
Sporting Goods and Recreation Stores |
2.7 |
22 |
|
|
Branch |
Minneapolis, MN |
United States |
Sporting Goods and Recreation Stores |
2.5 |
20 |
|
|
Branch |
Maple Grove, MN |
United States |
Miscellaneous Store Retailers |
1.4 |
15 |
|
|
Branch |
Minneapolis, MN |
United States |
Sporting Goods and Recreation Stores |
1.2 |
10 |
|
|
Branch |
Baltimore, MD |
United States |
Miscellaneous Store Retailers |
1.0 |
10 |
|
|
Branch |
St Paul, MN |
United States |
Miscellaneous Store Retailers |
0.9 |
10 |
|
|
Branch |
Chicago, IL |
United States |
Miscellaneous Store Retailers |
0.8 |
8 |
|
|
Branch |
St Paul, MN |
United States |
Miscellaneous Store Retailers |
0.7 |
8 |
|
|
Branch |
Salt Lake City, UT |
United States |
Miscellaneous Store Retailers |
0.7 |
7 |
|
|
Branch |
St Paul, MN |
United States |
Miscellaneous Store Retailers |
0.6 |
7 |
|
|
Branch |
Newark, NJ |
United States |
Miscellaneous Store Retailers |
0.6 |
6 |
|
|
Branch |
Chicago, IL |
United States |
Miscellaneous Store Retailers |
0.6 |
6 |
|
|
Branch |
Chicago, IL |
United States |
Miscellaneous Store Retailers |
0.6 |
6 |
|
|
Branch |
Tampa, FL |
United States |
Miscellaneous Store Retailers |
0.6 |
6 |
|
|
Branch |
Denver, CO |
United States |
Miscellaneous Store Retailers |
0.6 |
6 |
|
|
Branch |
Denver, CO |
United States |
Miscellaneous Store Retailers |
0.6 |
6 |
|
|
Branch |
Philadelphia, PA |
United States |
Miscellaneous Store Retailers |
0.6 |
6 |
|
|
Branch |
Atlanta, GA |
United States |
Miscellaneous Store Retailers |
0.6 |
6 |
|
|
Branch |
Hebron, KY |
United States |
Miscellaneous Store Retailers |
0.5 |
6 |
|
|
Branch |
St Paul, MN |
United States |
Miscellaneous Store Retailers |
0.5 |
6 |
|
|
Branch |
St Paul, MN |
United States |
Miscellaneous Store Retailers |
0.5 |
6 |
|
|
Branch |
Cincinnati, OH |
United States |
Miscellaneous Store Retailers |
0.5 |
5 |
|
|
Branch |
St Paul, MN |
United States |
Miscellaneous Store Retailers |
0.5 |
5 |
|
|
Branch |
Newark, NJ |
United States |
Miscellaneous Store Retailers |
0.4 |
4 |
|
|
Branch |
Pittsburgh, PA |
United States |
Miscellaneous Store Retailers |
0.4 |
4 |
|
|
Branch |
Pittsburgh, PA |
United States |
Miscellaneous Store Retailers |
0.4 |
4 |
|
|
Branch |
Portland, OR |
United States |
Miscellaneous Store Retailers |
0.4 |
4 |
|
|
Branch |
Cincinnati, OH |
United States |
Miscellaneous Store Retailers |
0.4 |
4 |
|
|
Branch |
Pittsburgh, PA |
United States |
Miscellaneous Store Retailers |
0.3 |
3 |
|
|
Subsidiary |
Nea Erythraia |
Greece |
Miscellaneous Store Retailers |
16.3 |
110 |
|
|
Subsidiary |
Katowice |
Poland |
Restaurants and Bars |
6.1 |
70 |
|
|
Subsidiary |
Feltham |
United Kingdom |
Beer, Wine, and Liquor Stores |
|
14 |
|
|
UK Branch/Trading address |
Hounslow |
United Kingdom |
Grocery Stores |
|
180 |
|
|
UK Branch/Trading address |
Aberdeen |
United Kingdom |
Beer, Wine, and Liquor Stores |
|
25 |
|
|
Subsidiary |
Feltham |
United Kingdom |
Miscellaneous Professional Services |
0.0 |
|
|
|
Subsidiary |
Feltham |
United Kingdom |
Non-store Retail |
0.0 |
|
|
|
Subsidiary |
Hounslow |
United Kingdom |
Miscellaneous Store Retailers |
|
|
|
|
UK Branch/Trading address |
Gatwick |
United Kingdom |
Beer, Wine, and Liquor Stores |
|
|
|
|
Subsidiary |
Oosterhout Nb, Noord-Brabant |
Netherlands |
Banking |
|
|
|
|
Subsidiary |
Frankfurt Am Main, Hessen |
Germany |
Clothing and Apparel Wholesale |
89.5 |
430 |
|
|
Subsidiary |
Ponzano Veneto, TV |
Italy |
Clothing and Apparel Manufacturing |
55.2 |
326 |
|
|
Subsidiary |
Ponzano Veneto, Treviso |
Italy |
Clothing and Apparel Manufacturing |
1,430.6 |
1,077 |
|
|
Subsidiary |
Ponzano Veneto, Treviso |
Italy |
Textile Manufacturing |
167.5 |
798 |
|
|
Subsidiary |
Vittorio Veneto, Treviso |
Italy |
Paper Product Manufacturing |
2.8 |
33 |
|
|
Subsidiary |
Nagykálló |
Hungary |
Clothing and Apparel Manufacturing |
|
379 |
|
|
Subsidiary |
Ponzano Veneto, Treviso |
Italy |
Miscellaneous Wholesale |
1,773.2 |
320 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Clothing and Apparel Stores |
66.0 |
437 |
|
|
Subsidiary |
Ponzano Veneto, Treviso |
Italy |
Non-store Retail |
28.6 |
274 |
|
|
Subsidiary |
Sahline |
Tunisia |
Clothing and Apparel Manufacturing |
|
200 |
|
|
Subsidiary |
New York, NY |
United States |
Clothing and Apparel Manufacturing |
|
60 |
|
|
Subsidiary |
Ponzano Veneto, Treviso |
Italy |
Property Managers |
9.7 |
34 |
|
|
Subsidiary |
Paris |
France |
Clothing and Apparel Stores |
16.2 |
14 |
|
|
Subsidiary |
Onbekend, Onbekend |
Netherlands |
|
|
2 |
|
|
Subsidiary |
Paris |
France |
Securities |
9.7 |
1 |
|
|
Subsidiary |
Sahline |
Tunisia |
Clothing and Apparel Manufacturing |
|
|
|
|
Subsidiary |
Luxembourg |
Luxembourg |
Investment Services |
|
|
|
|
Subsidiary |
Miercurea Sibiului |
Romania |
Clothing and Apparel Manufacturing |
181.7 |
179 |
|
|
Subsidiary |
Warszawa |
Poland |
Clothing and Apparel Stores |
7.8 |
10 |
|
|
Subsidiary |
London |
United Kingdom |
Clothing and Apparel Stores |
0.7 |
4 |
|
|
Subsidiary |
Gurgaon, Haryana |
India |
Clothing and Apparel Manufacturing |
82.0 |
|
|
|
Subsidiary |
Ciudad De Mexico, Distrito Federal |
Mexico |
Clothing and Apparel Stores |
14.3 |
|
|
|
Subsidiary |
Porto, Porto |
Portugal |
Clothing and Apparel Wholesale |
2.1 |
|
|
|
Subsidiary |
Marseille |
France |
Hotels and Accommodation |
31.1 |
149 |
|
|
Subsidiary |
Marseille |
France |
Hotels and Accommodation |
53.6 |
749 |
|
|
Subsidiary |
Marseille |
France |
Hotels and Accommodation |
14.6 |
149 |
|
|
Subsidiary |
Marseille |
France |
Hotels and Accommodation |
12.5 |
74 |
|
|
Subsidiary |
Fiumicino, Roma |
Italy |
Crop and Animal Production |
11.3 |
71 |
|
|
Subsidiary |
Ciudad De Buenos Aires, Ciudad De Buenos Aires |
Argentina |
Crop and Animal Production |
|
200 |
|
|
Subsidiary |
Villorba, Treviso |
Italy |
Consulting Services |
3.9 |
27 |
|
|
Subsidiary |
Ponzano Veneto, Treviso |
Italy |
Hotels and Accommodation |
21.0 |
142 |
|
|
Subsidiary |
Treviso, Treviso |
Italy |
Miscellaneous Amusement and Recreation |
6.6 |
21 |
|
|
Subsidiary |
Cavaso Del Tomba, Treviso |
Italy |
Spectator Sports |
5.0 |
44 |
|
|
Subsidiary |
Treviso, Treviso |
Italy |
Spectator Sports |
8.1 |
3 |
|
|
Subsidiary |
Treviso |
Italy |
Holding Companies |
0.0 |
2 |
|
|
Subsidiary |
Treviso |
Italy |
Investment Services |
|
20 |
|
|
Subsidiary |
Paris |
France |
Shipping and Water Transport |
73.2 |
749 |
|
|
Subsidiary |
Roma, RM |
Italy |
Movies |
135.3 |
432 |
|
|
Subsidiary |
Limena, Padova |
Italy |
Movies |
47.7 |
241 |
|
|
Subsidiary |
Roma, Roma |
Italy |
Movies |
50.3 |
195 |
|
|
Subsidiary |
St Ouen L Aumone |
France |
Shipping and Water Transport |
|
374 |
|
|
Subsidiary |
Caponago, MI |
Italy |
Rubber and Plastic Product Manufacturing |
99.4 |
144 |
|
|
Subsidiary |
Bentivoglio, Bologna |
Italy |
Electrical Equipment and Appliances Manufacturing |
53.1 |
139 |
|
|
Subsidiary |
Legnaro, Padova |
Italy |
Clothing and Apparel Wholesale |
145.1 |
93 |
|
|
Subsidiary |
Legnaro, Padova |
Italy |
Clothing and Apparel Stores |
162.7 |
703 |
|
|
Subsidiary |
Schiltigheim |
France |
Shipping and Water Transport |
|
34 |
|
|
Subsidiary |
Treviso, Treviso |
Italy |
Banking |
|
21 |
|
|
Subsidiary |
Ortona, Chieti |
Italy |
Beverage Manufacturing |
41.7 |
15 |
|
|
Subsidiary |
Roseto Degli Abruzzi, Teramo |
Italy |
Beverage Manufacturing |
2.2 |
9 |
|
|
Subsidiary |
Paris |
France |
Investment Services |
12.9 |
|
|
|
Subsidiary |
Paris |
France |
Fitness and Recreation Centers |
72.4 |
605 |
|
|
Subsidiary |
Boulogne Billancourt |
France |
Spectator Sports |
4.0 |
74 |
|
|
Subsidiary |
Gravigny |
France |
Miscellaneous Store Retailers |
46.2 |
198 |
|
|
Subsidiary |
Paris |
France |
Miscellaneous Professional Services |
145.0 |
149 |
|
|
Subsidiary |
Lyon |
France |
Professional and Commercial Equipment Wholesale |
36.5 |
122 |
|
|
Subsidiary |
Cesson Sevigne |
France |
Rubber and Plastic Product Manufacturing |
52.2 |
149 |
|
|
Subsidiary |
Marseille |
France |
Primary and Secondary Education |
16.0 |
149 |
|
|
Subsidiary |
Quevert |
France |
Shipping and Water Transport |
44.6 |
74 |
|
|
Subsidiary |
Suresnes |
France |
Research and Development Services |
14.5 |
7 |
|
|
Subsidiary |
Paris |
France |
Banking |
5.0 |
|
|
|
Subsidiary |
Paris |
France |
Clothing and Apparel Wholesale |
1.3 |
1 |
|
|
Subsidiary |
Marseille |
France |
Hotels and Accommodation |
10.1 |
|
|
|
Subsidiary |
Praha 2 |
Czech Republic |
Commercial Real Estate Leasing |
0.6 |
|
|
|
Subsidiary |
St Louis |
France |
Hotels and Accommodation |
|
|
Executive report
|
Board of
Directors |
|
|
|
|
||||
|
Member of the board |
Director/Board Member |
|
|
Executives |
|
|
|
|
|||
|
President |
President |
|
|||
|
Managing director |
Managing Director |
|
|||
|
||||||
|
Executive |
Other |
|
|
||
|
Executive |
Other |
|
|
||
|
Executive |
Other |
|
|
||
|
Executive |
Other |
|
|
||
|
Executive |
Other |
|
|
||
|
Executive |
Other |
|
|
||
|
Executive |
Other |
|
|
||
|
Executive |
Other |
|
|
||
|
Executive |
Other |
|
|
||
|
Executive |
Other |
|
|
||
Annual Profit & Loss
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.778237 |
0.71919 |
0.755078 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
176.9 |
250.1 |
212.6 |
|
Net sales |
167.5 |
241.5 |
207.0 |
|
Other operating income |
9.4 |
8.6 |
5.6 |
|
Raw materials and consumables employed |
86.8 |
133.6 |
113.2 |
|
Other expenses |
38.6 |
49.8 |
54.4 |
|
Total payroll costs |
36.8 |
43.3 |
43.9 |
|
Fixed asset depreciation and amortisation |
6.8 |
8.2 |
7.9 |
|
Other operating costs |
1.5 |
1.4 |
1.2 |
|
Net operating income |
6.3 |
13.8 |
-8.0 |
|
Total financial income |
0.3 |
0.6 |
2.9 |
|
Total expenses |
0.8 |
1.3 |
1.0 |
|
Profit before tax |
5.8 |
13.0 |
-6.1 |
|
Extraordinary result |
2.9 |
-0.5 |
-0.7 |
|
Profit after extraordinary items and before tax |
8.7 |
12.5 |
-6.9 |
|
Total taxation |
3.3 |
5.6 |
-1.3 |
|
Net profit |
5.4 |
7.0 |
- |
|
Net loss |
- |
- |
5.5 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total stockholders equity |
108.6 |
101.2 |
97.9 |
|
Provision for risks |
6.4 |
5.8 |
9.4 |
|
Provision for pensions |
11.5 |
12.0 |
16.5 |
|
Mortgages and loans |
2.4 |
2.8 |
0.9 |
|
Trade creditors |
38.1 |
51.2 |
59.1 |
|
Advances received |
0.1 |
0.2 |
1.1 |
|
Bank loans and overdrafts |
0.4 |
0.4 |
0.1 |
|
Other current liabilities |
13.1 |
29.2 |
23.0 |
|
Accruals and deferred income |
1.1 |
1.2 |
0.1 |
|
Total current liabilities |
52.9 |
82.2 |
83.4 |
|
Total liabilities (including net worth) |
181.7 |
204.0 |
208.0 |
|
Intangibles |
0.2 |
0.2 |
0.2 |
|
Buildings |
15.8 |
16.1 |
13.6 |
|
Total tangible fixed assets |
28.9 |
40.5 |
37.6 |
|
Long-term investments |
5.2 |
5.1 |
4.8 |
|
Total financial assets |
5.2 |
5.1 |
4.8 |
|
Receivables due after 1 year |
2.0 |
- |
- |
|
Total non-current assets |
36.3 |
45.8 |
42.7 |
|
Work in progress |
0.0 |
0.1 |
0.1 |
|
Finished goods |
35.5 |
48.0 |
48.9 |
|
Net stocks and work in progress |
49.3 |
66.7 |
68.0 |
|
Trade debtors |
53.5 |
75.2 |
76.4 |
|
Other receivables |
41.2 |
14.9 |
13.8 |
|
Cash and liquid assets |
0.9 |
0.7 |
5.8 |
|
Marketable securities |
0.1 |
0.4 |
0.7 |
|
Accruals |
0.4 |
0.3 |
0.6 |
|
Total current assets |
145.4 |
158.1 |
165.3 |
|
Total assets |
181.7 |
204.0 |
208.0 |
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 |
2.80 |
1.90 |
2.00 |
|
Quick ratio |
1.80 |
1.10 |
1.20 |
|
Current liabilities to net worth |
0.01% |
0.01% |
0.01% |
|
Sales per employee |
0.16 |
0.18 |
0.15 |
|
Profit per employee |
0.01 |
0.01 |
0.00 |
|
Average wage per employee |
0.04 |
0.03 |
0.03 |
|
Net worth |
108.6 |
101.2 |
97.9 |
|
Number of employees |
798 |
962 |
1,078 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
UK Pound |
1 |
Rs.99.29 |
|
Euro |
1 |
Rs.83.68 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.