|
Report Date : |
19.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
TEDDY - S.P.A. |
|
|
|
|
Registered Office : |
Via Coriano , 58, 47924 Rimini |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
09.07.1981 |
|
|
|
|
Com. Reg. No.: |
00953910403 |
|
|
|
|
Legal Form : |
Joint-Stock/Public Company |
|
|
|
|
Line of Business : |
Wholesale Clothing and Garments in General (Dal 01/09/1981) |
|
|
|
|
No. of Employees : |
816.01 |
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 |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 TEDDY - S.P.A.
Company Registration Number 00953910403
Activity Code 5136
Activity
Description WHOLESALE CLOTHING AND GARMENTS IN GENERAL (DAL 01/09/1981) PRODUCTION CLOTHING (DAL 01/11/2001)
Company Status A Latest
Turnover 419,008,306.00 (EUR)
Latest Shareholders Equity 185,408,181.00
(EUR)
Rating Indicator Profit Before Tax
54,277,400.00 (EUR)
Activities
Activity Code 5136
Activity
Description WHOLESALE CLOTHING AND GARMENTS IN GENERAL (DAL 01/09/1981) PRODUCTION CLOTHING (DAL 01/11/2001)
Company Name TEDDY - S.P.A.
Registered Company Name TEDDY - S.P.A.
Company Registration Number 00953910403
Country IT
VAT Registration Number 00953910403
VAT Registration Date 09/07/1981
Date of Company Registration 09/07/1981
Date of Starting Operations 01/09/1981
Commercial Court Legal Form JOINT-STOCK/PUBLIC
COMPANY
Type of Ownership Company Status A
Contact Address VIA CORIANO , 58,
47924 RIMINI (R
Contact Telephone
Number 0541301411
Address VIA CORIANO , 58,
47924 RIMINI (RN)
Country IT
Telephone 0541301411
Other Addresses
Address GARIBALDI
GIUSEPPE, 60121 ANCONA (AN)
Country IT
Address GRAMSCI, 60033
CHIARAVALLE (AN)
Country IT
Address MORETTI, 63074 SAN
BENEDETTO DEL TRONTO (AP)
Country IT
Address CENTERGROSS, 40050
ARGELATO (BO)
Country IT
Telephone 051864330
Address UMBERTO I N.
115,117,119,121, 62012 CIVITANOVA MARCHE (MC)
Country IT
Telephone 0733816531
Address BRANCA, 61121
PESARO (PS)
Country IT
Address PASQUINELLI ANGOLO
PIRANI, 60035 JESI (AN)
Country IT
Address D'AUGUSTO, 47921
RIMINI (RN)
Country IT
Address CORIANO BL.
95/A/B/C/D, 47924 RIMINI (RN)
Country IT
Address DEI SETAIOLI -
BLOCCO 3, 40050 ARGELATO (BO)
Country IT
Address CORIANO, 47924
RIMINI (RN)
Country IT
Address UMBERTO I, 62012
CIVITANOVA MARCHE (MC)
Country IT
Address UMBERTO I, 62012
CIVITANOVA MARCHE (MC)
Country IT
Address GARIBALDI, 60121
ANCONA (AN)
Country IT
Address CADUTI DI
NASSIRIYA, 47924 RIMINI (RN)
Country IT
Address CADUTI DI
NASSIRIYA, 47924 RIMINI (RN)
Country IT
Address RIZZOLI, 40125
BOLOGNA (BO)
Country IT
Address UMBERTO I, 72100
BRINDISI (BR)
Country IT
Address CEREA, 12084
MONDOVI' (CN)
Country IT
Address CEREA, 12084 MONDOVI'
(CN)
Country IT
Address SAN ROMANO, 44121
FERRARA (FE)
Country IT
Address CAVOUR, 62100
MACERATA (MC)
Country IT
Address LOTTO 12 GOLFO C
UNITA' 03/04, 20084 LACCHIARELLA (MI)
Country IT
Address 11 PADANA SUPERIORE,
20063 CERNUSCO SUL NAVIGLIO (MI)
Country IT
Address XX SETTEMBRE,
29017 FIORENZUOLA D'ARDA (PC)
Country IT
Address CORNELIO TACITO
TERNI (TR)
Country IT
Address CORNELIO TACITO
TERNI (TR)
Country IT
Address ITALIA, 76125 TRANI
(BA)
Country IT
Address VITTORIO EMANUELE,
65122 PESCARA (PE)
Country IT
Address ROMA, 52025
MONTEVARCHI (AR)
Country IT
Address DELLA STAZIONE
GALLERIA, 50100 FIRENZE (FI)
Country IT
Address GELSO BIANCO,
95121 CATANIA (CT)
Country IT
Address LEOPOLDO LUCCHI,
47023 CESENA (FO)
Country IT
Address LOMBARDIA, 20861
BRUGHERIO (MB)
Country IT
Address ITALIA, 07100
SASSARI (SS)
Country IT
Address BRANCA, 61121
PESARO (PS)
Country IT
Address BRANCA, 61121 PESARO
(PS)
Country IT
Address DELL'INDIPENDENZA,
40121 BOLOGNA (BO)
Country IT
Address UMBERTO I ANG.
PIAZZA DEL, 65122 PESCARA (PE)
Country IT
Address BRAMANTE, 00054
FIUMICINO (RM)
Country IT
Address RESISTENZA ANGOLO
CORSO, 70022 ALTAMURA (BA)
Country IT
Address VITTORIO EMANUELE,
71121 FOGGIA (FG)
Country IT
Address CAVOUR, 70121 BARI
(BA)
Country IT
Address DELLA SCUOLA,
06135 PERUGIA (PG)
Country IT
Address LOIACONO, 70126
BARI (BA)
Country IT
Address BRAMANTE, 00054
FIUMICINO (RM)
Country IT
Address FONTEVIVO, 19125
LA SPEZIA (SP)
Country IT
Address RIOMORO, 64010
COLONNELLA (TE)
Country IT
Address DOMENICO MODUGNO,
13900 BIELLA (BI)
Country IT
Address BELFORTE N. 315 UNITA',
21100 VARESE (VA)
Country IT
Address TIBURTINA VALERIA
KM.112, 67051 AVEZZANO (AQ)
Country IT
Address CESARE BECCARIA,
46100 MANTOVA (MN)
Country IT
Address F.LLI CERVI, 50013
CAMPI BISENZIO (FI)
Country IT
Address ING. A. MAZZA,
27054 MONTEBELLO DELLA BATTAGLIA (PV)
Country IT
Address NOICATTARO, 70010
CASAMASSIMA (BA)
Country IT
Address CADUTI DI
NASSIRIYA, 47924 RIMINI (RN)
Country IT
Address PIANO D'ACCIO,
64100 TERAMO (TE)
Country IT
Address XX SETTEMBRE,
29121 PIACENZA (PC)
Country IT
Address GRANDI, 48123
RAVENNA (RA)
Country IT
Address VIA S. VALENTINO,
39041 BRENNERO (BZ)
Country IT
Address CAVALLOTTI -
ANG.VIA TRINCHESE, 73100 LECCE (LE)
Country IT
Name VITTORIO TADEI
Address VIA VENERE , 3,
47900 RIMINI (RN)
Gender Male
Date of Birth 06/04/1935
Position MANAGING DIRECTOR
Date Appointed 07/04/2011
Nominal Share Capital 50,000,000.00
(EUR)
Issued Share capital 50,000,000.00
(EUR)
Year 2012
Number of Employees 816.01
Year 2011
Number of Employees 682.33
Year 2010
Number of Employees 565.55
Profit & Loss
Financial Year
2012 2011 2010
Number of Weeks 0 0 0
Currency EUR EUR EUR
Revenue 419,008,306.00 393,063,436.00 364,896,926.00
Operating Costs 380,662,031.00 351,980,279.00 327,685,901.00
Operating Profit 38,346,275.00 41,083,157.00 37,211,025.00
Wages & Salaries 40,792,307.00 38,870,635.00 31,788,309.00
Depreciation 6,652,273.00 6,077,177.00 5,535,419.00
Amortisation 3,494,085.00 2,871,234.00 3,087,328.00
Financial Income 1,450,274.00 3,554,599.00 5,155,096.00
Financial Expenses
1,189,946.00 1,592,253.00 1,132,471.00
Extraordinary Income 3,585,485.00 560,397.00 -653,246.00
Profit Before Tax 54,277,400.00 39,978,132.00 40,950,280.00
Tax 19,449,897.00 14,990,970.00 16,011,386.00
Profit After Tax 34,827,503.00 24,987,162.00 24,938,894.00
Balance Sheet
Financial Year
2012 2011 2010
Number of Weeks 0 0 0
Currency EUR EUR EUR
Land & Buildings 24,735.00 25,455.00
26,175.00
Other Tangible
Assets 23,192,325.00 20,165,505.00 18,392,955.00
Total Tangible Assets 23,217,060.00 20,190,960.00 18,419,130.00
Total Intangible Assets 20,891,847.00 19,343,313.00 5,426,704.00
Investments 21,900,956.00 2,529,358.00 22,140,021.00
Loans to Group 200,000.00 310,000.00 200,000.00
Miscellaneous Fixed
Assets 1,316,533.00 1,027,031.00 1,303,695.00
Total Other Fixed Assets 23,417,489.00 3,866,389.00 23,643,716.00
Total Fixed Assets 67,526,396.00 43,400,662.00 47,489,550.00
Raw Materials
42,672,526.00 43,720,713.00 28,886,460.00
Other Inventories 1,288,711.00 964,796.00 1,216,352.00
Total Inventories 43,961,237.00 44,685,509.00 30,102,812.00
Trade Receivables
116,642,391.00 140,014,712.00 137,915,991.00
Miscellaneous Receivables 70,638,659.00 37,244,770.00 25,209,850.00
Total Receivables 187,281,050.00 177,259,482.00 163,125,841.00
Cash 9,300,803.00 15,727,489.00 8,036,809.00
Other Current Assets
2,009,137.00 12,814,253.00 2,171,699.00
Total Current Assets 242,552,227.00 250,486,733.00 203,437,161.00
|
Total Assets |
310,078,623.00 |
293,887,395.00 |
250,926,711.00 |
|
Trade Payables |
90,514,443.00 |
101,299,789.00 |
80,909,184.00 |
|
Bank Liabilities |
627,524.00 |
1,067,000.00 |
3,566,901.00 |
|
Miscellaneous Liabilities |
27,350,151.00 |
30,319,458.00 |
37,217,879.00 |
|
Total Current Liabilities |
118,492,118.00 |
132,686,247.00 |
121,693,964.00 |
|
Bank Liabilities due after 1 year |
576,072.00 |
588.00 |
2,012,428.00 |
|
Miscellaneous Liabilities due after 1 year |
5,602,252.00 |
14,489,884.00 |
3,523,867.00 |
|
Total Long Term Liabilities |
6,178,324.00 |
14,490,472.00 |
5,536,295.00 |
|
Total Liabilities |
124,670,442.00 |
147,176,719.00 |
127,230,259.00 |
|
Called Up Share Capital |
50,000,000.00 |
36,000,000.00 |
36,000,000.00 |
|
Share Premium |
0.00 |
0.00 |
0.00 |
|
Other Reserves |
135,408,181.00 |
110,710,676.00 |
87,696,452.00 |
|
Total Shareholders
Equity |
185,408,181.00 |
146,710,676.00 |
123,696,452.00 |
|
Other Financials |
|
|
|
|
Working Capital |
124,060,109.00 |
117,800,486.00 |
81,743,197.00 |
|
Net Worth |
164,516,334.00 |
127,367,363.00 |
118,269,748.00 |
|
Ratios |
|
|
|
|
Pre-Tax Profit Margin |
12.95 |
10.17 |
11.22 |
|
Return on Capital Employed |
28.33 |
24.80 |
31.69 |
|
Return on Total Assets Employed |
17.50 |
13.60 |
16.32 |
|
Return on Net Assets Employed |
29.27 |
27.25 |
33.11 |
|
Sales/Net Working Capital |
3.38 |
3.34 |
4.46 |
|
Stock Turnover Ratio |
10.49 |
11.37 |
8.25 |
|
Debtor Days |
101.61 |
130.02 |
137.95 |
|
Creditor Days |
78.85 |
94.07 |
80.93 |
|
Current Ratio |
2.05 |
1.89 |
1.67 |
|
Liquidity Ratio/Acid Test |
1.68 |
1.55 |
1.42 |
|
Current Debt Ratio |
0.64 |
0.90 |
0.98 |
|
Gearing |
40.21 |
50.08 |
50.70 |
|
Equity in Percentage |
69.76 |
54.20 |
55.76 |
|
Total Debt Ratio |
0.67 |
1.00 |
1.03 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.14 |
|
|
1 |
Rs.100.48 |
|
Euro |
1 |
Rs.84.37 |
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 |
---- |
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.