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Report Date : |
22.10.2013 |
IDENTIFICATION DETAILS
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Name : |
FACCIN SRL |
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Registered Office : |
Via Dell' Industria 19 Visano, 25010 |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
06.05.1977 |
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Com. Reg. No.: |
00897820171 |
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Legal Form : |
Private Independent |
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Line of Business : |
Subject is engaged in manufacture of machine tools for
working metal |
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No. of Employees : |
85 |
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 – 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 |
taly 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.
Source
: CIA
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FACCIN SRL |
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Faccin SRL 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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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: |
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y IDSM Number: 43123241
Registered No.(ITA): 00897820171
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7782366
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7566
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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 |
42.4 |
41.9 |
37.5 |
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Net sales |
41.2 |
39.8 |
37.5 |
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Other operating income |
0.2 |
0.2 |
0.1 |
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Raw materials and consumables employed |
18.6 |
18.8 |
18.2 |
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Other expenses |
14.0 |
12.9 |
10.7 |
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Total payroll costs |
5.5 |
4.9 |
4.4 |
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Fixed asset depreciation and amortisation |
0.5 |
1.1 |
0.4 |
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Other operating costs |
0.1 |
0.2 |
0.1 |
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Net operating income |
3.6 |
4.0 |
3.6 |
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Total financial income |
-0.1 |
0.3 |
0.3 |
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Total expenses |
0.2 |
0.2 |
0.1 |
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Profit before tax |
3.4 |
4.1 |
3.7 |
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Extraordinary result |
0.2 |
0.0 |
0.1 |
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Profit after extraordinary items and before tax |
3.6 |
4.2 |
3.8 |
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Total taxation |
1.9 |
1.9 |
1.4 |
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Net profit |
1.7 |
2.3 |
2.4 |
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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 |
8.7 |
6.8 |
8.2 |
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Provision for risks |
8.6 |
6.5 |
5.4 |
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Provision for pensions |
0.4 |
0.4 |
0.5 |
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Trade creditors |
9.7 |
8.7 |
9.8 |
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Bank loans and overdrafts |
- |
- |
1.6 |
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Other current liabilities |
18.3 |
12.4 |
8.0 |
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Accruals and deferred income |
0.2 |
0.2 |
0.1 |
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Total current liabilities |
28.2 |
21.3 |
19.4 |
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Total liabilities (including net worth) |
45.9 |
35.0 |
33.5 |
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Intangibles |
0.4 |
0.2 |
0.3 |
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Total tangible fixed assets |
1.8 |
1.6 |
1.6 |
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Long-term investments |
0.2 |
0.2 |
0.2 |
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Total financial assets |
0.2 |
0.2 |
0.2 |
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Receivables due after 1 year |
0.7 |
6.9 |
8.3 |
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Total non-current assets |
3.1 |
8.9 |
10.5 |
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Finished goods |
7.7 |
6.5 |
4.9 |
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Net stocks and work in progress |
10.9 |
10.6 |
9.4 |
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Trade debtors |
7.2 |
6.0 |
8.7 |
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Other receivables |
15.1 |
2.1 |
2.6 |
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Cash and liquid assets |
8.2 |
6.3 |
1.7 |
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Accruals |
1.3 |
1.0 |
0.5 |
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Total current assets |
42.8 |
26.0 |
23.0 |
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Total assets |
45.9 |
35.0 |
33.5 |
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Annual Ratios |
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Financials in: USD (mil) |
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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 |
1.50 |
1.20 |
1.20 |
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Quick ratio |
1.10 |
0.70 |
0.70 |
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Current liabilities to net worth |
0.03% |
0.03% |
0.02% |
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Sales per employee |
0.40 |
- |
0.37 |
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Profit per employee |
0.03 |
- |
0.04 |
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Average wage per employee |
0.05 |
- |
0.04 |
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Net worth |
8.7 |
6.8 |
8.2 |
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Number of employees |
81 |
- |
77 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.49 |
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UK Pound |
1 |
Rs.99.41 |
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Euro |
1 |
Rs.84.12 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.