MIRA
INFORM REPORT
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Report Date : |
19.10.2013 |
IDENTIFICATION DETAILS
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Name : |
BOSELLO HIGH TECHNOLOGY S.R.L. |
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Registered Office : |
Via |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
29.07.1991 |
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Com. Reg. No.: |
01998910127 |
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Legal Form : |
Private
Independent Company |
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Line of Business : |
·
manufacturer
of electronic instruments and appliances for measuring, checking, testing,
navigating and other purposes, except industrial process control equipment manufacturer of non-electronic instruments and
appliances for measuring, checking, testing, navigating and other purposes,
except industrial process control equipment |
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No. of Employees : |
46 |
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 : |
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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 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.
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Source : CIA |
Company name & address
Bosello High Technology
S.R.L.
Via San Bernardo
25/27
Cassano Magnago,
21012
Italy
Tel: +39 0331 776109
Fax: +39 0331 772622
SYNTHESIS
Employees: 46
Company Type: Private
Independent
Incorporation
Date: 29-Jul-1991
Financials in: USD (Millions)
Fiscal Year End: 31-Dec-2012
Reporting
Currency: Euro
Annual Sales: 22.6
Total Assets: 23.2
Business
Description
Bosello High
Technology S.R.L. is primarily engaged in manufacture of electronic instruments
and appliances for measuring, checking, testing, navigating and other purposes,
except industrial process control equipment; and manufacture of non-electronic
instruments and appliances for measuring, checking, testing, navigating and
other purposes, except industrial process control equipment.
Industry
Industry
Machinery and Equipment Manufacturing
ANZSIC 2006: 2499 - Other Machinery and Equipment
Manufacturing Not Elsewhere Classified
ISIC Rev 4: 3320 - Installation of industrial
machinery and equipment
NACE Rev 2: 3320 - Installation of industrial
machinery and equipment
NAICS 2012: 333249 - Other Industrial Machinery
Manufacturing
UK SIC 2007: 3320 - Installation of industrial machinery
and equipment
US SIC 1987: 3812 - Search, Detection, Navigation,
Guidance, Aeronautical, and Nautical Systems and Instruments
Key
Executives
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Name |
Title |
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Aldo Bosello |
President |
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Antonella Marturano |
Executive |
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 San Bernardo
25/27
Cassano Magnago,
21012
Italy
Tel: +39 0331 776109
Fax: +39 0331 772622
Sales EUR(mil): 17.6
Assets EUR(mil): 17.6
Employees: 46
Fiscal Year End: 31-Dec-2012
Industry: Miscellaneous Capital
Goods
Incorporation
Date: 29-Jul-1991
Company Type: Private Independent
Quoted Status: Not Quoted
Registered
No.(ITA): 01998910127
President: Aldo Bosello
Industry Codes
ANZSIC 2006
Codes:
2499 - Other
Machinery and Equipment Manufacturing Not Elsewhere Classified
5420 - Software
Publishing
2439 - Other
Electrical Equipment Manufacturing
ISIC Rev 4 Codes:
3320 - Installation
of industrial machinery and equipment
582 - Software
publishing
2790 - Manufacture
of other electrical equipment
NACE Rev 2 Codes:
3320 - Installation
of industrial machinery and equipment
2790 - Manufacture
of other electrical equipment
582 - Software
publishing
NAICS 2012 Codes:
333249 - Other
Industrial Machinery Manufacturing
511210 - Software
Publishers
335999 - All
Other Miscellaneous Electrical Equipment and Component Manufacturing
US SIC 1987:
3812 - Search,
Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and
Instruments
7372 - Prepackaged
Software
3699 - Electrical
Machinery, Equipment, and Supplies, Not Elsewhere Classified
UK SIC 2007:
3320 - Installation
of industrial machinery and equipment
582 - Software
publishing
2790 - Manufacture
of other electrical equipment
Business Description
Bosello High
Technology S.R.L. is primarily engaged in manufacture of electronic instruments
and appliances for measuring, checking, testing, navigating and other purposes,
except industrial process control equipment; and manufacture of non-electronic
instruments and appliances for measuring, checking, testing, navigating and
other purposes, except industrial process control equipment.
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Executive report
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Executives |
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President |
President |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Executive |
Other |
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Annual
Profit & Loss
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.778237 |
0.71919 |
0.755078 |
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Consolidated |
No |
No |
No |
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Total income |
23.6 |
23.0 |
13.6 |
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Net sales |
22.6 |
22.3 |
12.8 |
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Other operating income |
0.3 |
0.4 |
0.5 |
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Raw materials and consumables employed |
7.7 |
7.3 |
4.6 |
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Other expenses |
4.4 |
3.8 |
2.7 |
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Total payroll costs |
3.3 |
3.4 |
2.7 |
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Fixed asset depreciation and amortisation |
0.4 |
0.2 |
0.1 |
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Other operating costs |
0.1 |
0.1 |
0.1 |
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Net operating
income |
7.8 |
8.2 |
3.4 |
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Total financial
income |
0.0 |
0.3 |
0.0 |
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Total expenses |
- |
- |
0.0 |
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Profit before tax |
7.8 |
8.6 |
3.4 |
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Extraordinary result |
0.1 |
- |
- |
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Profit after extraordinary items and
before tax |
7.9 |
8.6 |
3.4 |
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Total taxation |
2.5 |
2.7 |
1.2 |
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Net profit |
5.4 |
5.8 |
2.2 |
Annual Balance Sheet
Financials in: USD (mil)
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Total
stockholders equity |
15.5 |
11.7 |
8.8 |
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Provision for risks |
0.0 |
0.0 |
0.0 |
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Provision for pensions |
0.5 |
0.4 |
0.4 |
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Trade creditors |
3.8 |
3.0 |
2.3 |
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Other current liabilities |
3.1 |
3.3 |
1.6 |
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Accruals and deferred income |
0.3 |
0.3 |
0.2 |
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Total current
liabilities |
7.3 |
6.5 |
4.2 |
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Total
liabilities (including net worth) |
23.2 |
18.7 |
13.4 |
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Intangibles |
0.8 |
0.1 |
0.0 |
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Total tangible
fixed assets |
1.2 |
0.3 |
0.2 |
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Long-term investments |
0.1 |
0.1 |
0.1 |
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Total financial
assets |
0.2 |
0.2 |
0.2 |
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Receivables due after 1 year |
0.2 |
- |
- |
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Total
non-current assets |
2.5 |
0.6 |
0.4 |
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Finished goods |
1.7 |
1.0 |
0.7 |
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Net stocks and work in progress |
3.0 |
2.1 |
1.3 |
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Trade debtors |
7.7 |
8.0 |
4.3 |
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Other receivables |
0.6 |
0.3 |
1.7 |
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Cash and liquid assets |
9.3 |
7.5 |
5.6 |
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Accruals |
0.1 |
0.1 |
0.1 |
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Total current assets |
20.7 |
18.1 |
13.0 |
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Total assets |
23.2 |
18.7 |
13.4 |
Annual Ratios
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Current ratio |
2.80 |
2.80 |
3.10 |
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Quick ratio |
2.40 |
2.40 |
2.80 |
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Current liabilities to net worth |
0.01% |
0.01% |
0.01% |
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Sales per employee |
0.38 |
0.35 |
0.21 |
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Profit per employee |
0.13 |
0.13 |
0.06 |
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Average wage per employee |
0.06 |
0.05 |
0.05 |
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Net worth |
15.5 |
11.7 |
8.8 |
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Number of employees |
46 |
46 |
45 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.28 |
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UK Pound |
1 |
Rs.99.03 |
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Euro |
1 |
Rs.83.80 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.